The 2 year yield saw one of its biggest divergences from the Fed Fund rate during the banking collapse.
Now that the banks have settled the 2 year yield is closing the distance on the Fed Fund rate.
Recapturing the daily 200 MA is bullish for the short term yields.
This move up in yields could be signaling inflation starting to uptick as the economy & labour...
MTF Analysis
Monthly TF had a big push up from tapping the 38.2 Monthly Fib retracement.
On a weekly TF, this retracement bounce on a Monthly 38.2 Fib is a bull run.
This weekly TF bull run has run out right at the previous month's high, previous week's high, and prev day's high -- which was the best entry point had i done Wyckoff analysis earlier
Anyway, since...
if Robinhood is able to be profitable in 2023- Investors will come in - Buying the Jan 2024 60 Call at ask and selling the 70 strike against it would be a $10 debit with a possible $990 max profit at expiration if I'm right. $100 risk owning 10 spreads could be worth $9.9k at expiration (Jan 2024) - $1k risk -> $99K. Anything is possible
I compared what happened in 2008 with current chart:
- In 2008, the market fell over 50%
- In 2008, the bear market lasted around 450 days
If we’re about to witness similar situation now, we are long way from the bottom:
- 50% drop would be around 2200, they we would see double bottom and trend revelsal
- the bear market would last till March/April 2023
Of...
We still hold a short view on AUDUSD despite the currency pair continuing it's rebound from yearly lows around the 0.7 psychological level. Additionally, the US inflation rate came in today at 6.8 % as forecast resulting in limited price action. However, the impact of the Omicron covid variant could disproportionately impact the Australian dollar as it is...
Rodney Dangerfield was one of my all-time favorite comedians. He was a master at the one-liner, and while his catchphrase was “I don’t get no respect,” he got plenty.
Rodney passed in 2004, but his legacy lives on in films. His role as Thornton Melon in the 1986 comedy classic Back to School continues to have a cult following. As he sat in an economics class,...
Silver has consolidated below support at $25.2 and we feel can move lower if the FED suggests that they will raise rates and taper asset purchases earlier than expected by the market. The market expects the FED to continue it's dovish stance due to renewed fears over the impact of covid on the global economy despite rising inflation. The US inflation rate...
