Despite Friday's low test candle, the weekly charts continue to look very weak.
When investing in single stocks there is balance sheet risk, in this case, its the CoCo Bonds that worry me so CHK has to be part of a diversified portfolio.
The ECB made a clear statement that the economy is in the depths of despair (not really) and a new round of QE is necessary.
A chart perspective of Boeing.
OECD downgrades global growth to +3.3% for 2019 from prior estimates of 3.5%. Near term pullback broadly before higher are my expectations.
We need to close on the lows of today to have the conviction that we are moving towards the 61.8% fib retracement.
From a top-down view of the economy, we are seeing an expansionary environment albeit at a slower pace. Using net income versus operating expenses Facebook is the cheapest its been since its inception back in 2012. Near term headwinds are likely to prevail in tandem with the broader averages and a near term target of $144 is likely before we move higher into our...
The pullback has arrived, hedge/reduce exposure accordingly and wait patiently for signs the drop has run its course.
Quick follow up from last week, AMD is looking very weak. We are likely to see a breakdown today which will open up the $12 target on this final C wave lower.
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
The trend remains higher, however, its not going to be linear. Expect a pullback soon to occur for a buying opportunity around the 61.8% fib
Bond yields should continue higher over the coming weeks while stronger than expected data is released. All leading indicators continue to point higher for now.
Although earnings are set to grow by 75% this year, AMD has rallied roughly 30x off the 2016 low into the highs in 2018. There is currently a disconnect between perception and reality with p/e at 75 and p/b at 19.
My view of the North Korea summit failure and the path forward for equities.
WARNING: Investing in single equities comes with balance sheet risk, if you want to invest in single equities make sure you understand the volatility of the asset, catalysts, your portfolio is in some way diversified and you have strong risk management.
Last July I put out a video suggesting that Brazil was a great opportunity to allocate capital (linked below). At the time the business cycle had turned from contraction to expansion and from a technical standpoint, we were sitting on support. Today, +48.6% higher the risk is rising, the cycle is still relatively strong but our technicals are suggesting we...
Time horizon, risk management, and your chart perspective should prevent you from making any irrational decision with leverage. Day trading is not a successful strategy I would suggest having more patients in the trade with a smaller position size. Technicals are one component that a lot of people have great success with, I like to overlay a framework using the...
Good afternoon all, This is the part of the cycle that most traders misinterpret, the data will weaken until it contracts while asset prices push higher on the fumes of liquidity. Follow the CYCLICAL FACTORS affecting the business cycle and that will prepare you for the recession likely coming later in 2019 or early 2020.