As previously posted in the past, metals are certainly something you should consider keeping an eye on especially with the increase of inflation. Now that we've broke out the downward channel, the next long PT will be the red line at ~1960 Happy trading!
Memeline supporting uptrend has broke Backtest of underside of SR Seems a good bet especially with growing inflation concerns Close through the SR box would make me re-evaluate and likely close though!
Gold is breacking out from 9 months sideways consolidation after greater then expected inflation numbers.
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Here's a chart an some ideas for roughly the next month... I'm watching the end of the month of May closely- when contracts expire. Depending on what Bitcoin does in the next two-three weeks I will be watching for three scenarios. First, to go sideways through most of the month of June, which would most likely create an "inversive head and shoulders. Second, for...
Looks like ETH is ready for double bottom
Just watch Bitcoin in next 6 months
Let's play a game. Everytime the FED discusses interest rates, let's buy 200$ worth of silver. Bullions are cool too! Storing it in a physical bank shouldn't be too much. But, inflation is upon. And once we pass Go! the banker will want his Money back which won't be worth as much as it is today. So let's use our purchasing power and buy some silver. We...
The VIX could have one last spike left in it before it settles down for this secular bull market run. When it settles down it should settle below the '20s but until then a potential catalyst for another spike could be the June 10th CPI release or if a member of the Fed mentions tapering. If numbers come in hotter than expected again, there could be a frantic...
After seeing classical price action for a traditional correction (from an Elliot waves perspective), the commodity started a trendy price action to the upside. It looks like that the top for these three impulses is finished, and a correction has begun. The price objectives for this correction are based on Fibonacci levels (0.382 - 0.618). Overall, once the...
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No need to worry about inflation, right? Jerome Powell, the current Fed Chair said, “An episode of one-time price increases as the economy re-opens is not the same thing as, and is not likely to lead to, persistently higher year-over-year inflation.” So we're all good ... Charts don't lie. Almost all basic materials have doubled since last year. Start planning...
NASDAQ:MSFT is in strong uptrend with the potential to reach + 10% at the horizon of one month. We can see increasing volume, turning MACD and working support at 230 price level. What we do not know exactly is when the entire market starts to fall due to increasing interests and inflation, when the bond market is more attractive than stocks. So care for any...
We still see AUDUSD moving higher whilst the currency pair is above 0.786 despite US inflation data coming in stronger than expected yesterday. The US core inflation rate YoY was 3% vs 2.3% forecast and the US inflation rate YoY was 4.2% vs 3.6% forecast causing AUDUSD to move lower. However, whilst prices remain above 0.786 and there is no major shift in FED...
We have break out of what appears to be a bear flag on TLT today. Next level of support after this break up appears to be around $128 and $122. CPI report today confirms fears of inflation, thus bonds prices will fall and yields will rise.
The US Bureau of Labor and Statistics just released their CPI report today, and inflation concerns were higher than expected. A lot of analysts are saying "not to panic" or "don't worry", but there are reasons to be skeptical as well. At least in my experience keeping track of housing politics and real-estate markets, when people tell "don't worry about it", you...