Dxy heading toward his daily and strong support Caution ⚠️ here we may see end of relief rally of stocks and more downward side of crypto!
With everyone calling for another turning point in the S&P, the short trade is becoming less crowded. I prefer SPY 300 puts dated about six months out. Here are some ridiculous arguments I've heard for the recovery. 1. The fed will pivot or pause A fed pause or pivot indicates that economic conditions are too poor to continue hiking, implying that mass layoffs...
We trade this often in Camelot as Excalibur works well on it. Illustrated is what we feel is the potential move to come as long as we're below the resistance level above. As always, trade safe. KOG
Well, that is the end of my first equity market short with price moving 17% (within the trade) - not bad for my first try. I'm sure that is pretty much unheard of and only possible in these turbulent times. Perhaps not the end and 3,300 is still viable but target was always March 2021 price range. Best, Hard Forky. November 2021:
The ICE BofA US High Yield Options-Adjusted Spread is a measure of the risk premium demanded for high yield (junk) bonds. It is published at the end of each day by the St. Louis Fed. When it is elevated to high levels (above about 4.5%) it can act as an early warning for equity prices. See the horizontal orange line in the middle panel. Last week, on May 11,...
Bullish Price action for US30. The trendline break has me looking at possible buys. I'm keeping a close eye on price action. I don't want to see it break back below the trendline and start making lower low / lower highs.
The chart: Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices. Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band. The paradox: The consensus is the chart is a picture of 'doom' (as bearish as it gets). At the same time, every trader in the chat room was bullish on the upcoming...
DIA (Dow Jones ETF) - Weekly chart. Support, Resistance, Trendlines for reference. 05/11/2022.
Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation...
I can't seem to find any good news anywhere, it's all bearish, Yay. When I can't find any good news, that little contrarian voice in my head makes me wonder, just a bit ;) Now, obviously we can go lower, as indicated by almost everybody at the moment, there is not shortage of takes on that, but what about a move to the upside? what would that look like? At times...
I know, I know... Bears wants those shorts to print hard, but we are not seeing this in the forecast... Expecting further upside soon... Relax, Be patient, and EnJoY the Waves...
Let's see... Revenue increasing to 6.4b, gross margin 94.6%, Cash 618m, and net debt (37.6)... Very interesting... Business Description Compass Inc provides an end-to-end platform that empowers residential real estate agents to deliver exceptional service to clients. The platform includes an integrated suite of cloud-based software for customer relationship...
So much fear out there but not a lot of credible info provided.... Relax and enjoy this last leg up...
We like Crocs Inc at these prices... Technicals and fundamentals align perfectly... Looks like we have bottomed for the major correction and ready to turn higher... Enjoy the Waves! Business Description Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The...
We like opportunity to fair value only... Appears major bottom is in and we just completed a Wave 1... Once Wave 2 complete, opportunity might prevail... Business Description WeWork Inc is a commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. It designs and builds physical and...
We like PayPal at these prices... Chart looks nice and appears to be setting up for some nice moves... Appears Wave 1 is in and Wave 2 in progress... Let's track closely... Business Strategy and Outlook PayPal’s development of a network of both merchants and consumers early in the evolution of e-commerce allowed the company to build and maintain an enviable...
With this administration being so hawkish on oil, off-shore provides a prime opportunity... Maybe a company to keep a eye on... Business Description: Transocean Ltd commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico....
Looks as if airliners are finally bottoming... With oil rolling over, makes sense airliners may start to perform soon... Looks like Wave 1 in and we are correcting for a Wave 2... Further upside projected soon...