Henry Clay was a US Senator from Kentucky, the Speaker of the House of Representatives, the US Secretary of State, and a Presidential candidate in the 1800s. His legacy and nickname were “The Great Compromiser” for his involvement with the Missouri Compromise, the Compromise Tariff of 1833, and the Compromise of 1850. As Henry Clay understood, any great compromise...
Hey traders I see bullish movements on Gold for the next week. Why? 1. It filled the imbalance perfectly then rejected! 2. Geopolitical News. 3. 2022 is a resistance that we are most likely to test out before deciding whether we will continue bullish or bearish! Notes: 1.We will see a retest at the price of 200 because 2000 is a strong resistance 2.There would...
PLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the...
Wrote about this stock earlier today or yesterday. Continued volatility within LNG should make commodity transporters like $GLOP skyrocket. Large cup and handle and ascending triangle shows this name is getting ready for it's 15 minutes of fame.
ETH and the crypto market at large have taken a sizable downturn. This comes after a small ETH rebound rally off of the ~2300~ support level. While the situation in Ukraine continues to develop, signs of fear are showing in investment markets around the world. While I usually only write about ETH, ADA has also caught my eye. The 0.80 level was broken , and...
The SPX & VXX both bounced from the .5 Fibonacci extension and retractement on daily time frames. Monday will be interesting with the Ukraine situations + Emergency FED Meeting results. I can see it going both ways unfortunately but the trend says we find a lower low. My gut tells me a no deal no info meeting through the weekend on Ukraine, and more accommodations...
At any moment there is supposedly an equal chance that the price will go up or down from the most recently exchanged rate. Looking at historical data, one might say that the best time to buy or sell is when it reached a certain risk level and presume similar proportions will be realized in the future and await that moment to act. This ignores macroeconomic and...
Whats up Traders You can draw this a lot of ways, with a little of shapes. . . but Bottom Line - US Dollar is on the rise . GeoPolitical Reasons primarily. Pre Economic Slow Down and Pandemic, the Aussie Dollar was being gutted. Post Economic Slow Down and Pandemic, I expect it will continue. Target the high .40's This is one of those Asymetric risk...
Coronavirus keeps fueling the yellow metal… Price will possibly go as higher as $1800 to $2000 by this year due to global economic slowdown and geopolitical issues. {Price moving to direction that was predicted in September 2019}
Get ready! There are only two directions for price; UP or DOWN. In this screencast I show why the zone around 29000 could be the most important. See the broadening wedge. Price could go either way. If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number...
After the US took an airstrike on Iran and killing its top general, I have been looking for a countercurrency for USD other than Gold and Oil... and so, USDRUB was detected. Moreover, its price action gave us a convincing sell bias as it has successfully broken the weekly 200ma. This set up will be targeting 55.000 psychological level that was previously tested in...
Daily /CL is showing a descending triangle that looks to be close to a breakout. If it breaks to the downside, I think it will retest a major daily support level that dates back to 2015 (noted via the dashed line at bottom). Fundamentally, oil is at the mercy of geopolitical issues. Right now there is a lot of uncertainty between the U.S.A. and Iran. Iran...
I do not trade this index. In this screencast I show how there was a major struggle in the world economies between February 2018 and today 28th October 2018. I explore potentials for Bitcoin and Gold. A major corrective move south n the MSCI-ACWI has happened. This index is an aggregate of world indices. What we see on this chart is: 1. Price struggling to...
I'm stalking GBPCAD and other Sterling pairs for action next week, as Brexit talks have yet again broken down. Stalking is about vigilance, and investment of time in being prepared.