Ratio over 2 is the main reason we like the short here.
Tethers blowing chunks everywhere, could it be? Nah, it'll be fine, BTD. Tether charts are VERY CLEAR indications... A sh_tstorm is approaching. Pretend, defend, and extend your thesis for this Junk all ya want. You will be made a fool. This chart, like the majority of em... looks as if Eron rammed a Tunnel bore straight into your giggy, and raided your...
This platform is one of the most horrendous ,disgusting ,censored, corrupt ,dirty propaganda machine human did invented.We see a mass exodus from this platform and probably no sane human will use it in the near future. Price finally meet fundamentals and this should collapse to zero. But first ..probably a dead cat bounce,the classical liquidity grab,then exit...
Inflation cpi near 7%, future potential rate hikes, FED reducing future purchases. Why would ne money be excited to jump in and buy up riskier paper at rates near 4-5% and stocks in a bear market? At what interest rate and risk premium are junk bonds attractive?
The JNK/TLT ratio chart visualizes investors' position in greed and safe bonds. An increase means more greed in the market, corresponding with an increase in equities. Based on where we are, I am expecting one last run in the stock market, reaching the top of our resistance trend-line. I have added a fractal to support this thesis.
Try as they might, the FANbois couldn't quite keep it together. We'll HODL those remaining Sells - 800 and keep the NOV 720 Puts. This is just beginning to become interesting. 591s are in Play and if this level fails we welcome the 400s. Ouch. Fanbois being Fanbois, they'll buy the dip only to see the Reverse RIP. BTD ain't gonna work here. The dude who was...
Gamma Squeeze after Gamma Squeeze has failed. Shares are, on balance, ONLY Being bought for protection to Cover Calls AND almost immediately SOLD without remorse thereafter. It is an amazing distribution the Fanbois seem to be ignoring. Inglorious bastards they remain. Tesla has been sanctioned once again... surprise. Hiccups to deliveries appear to have...
Interesting... but irrelevant because no one trades it, so no liquidity on either side. Anyone with $60k could market-buy this to $140 with 3 clicks. :shrug:
Chart shows massive downtrend approaching once support breaks, good time to take out a nice short IMO.
TESLA lower lows and lower highs. Those still in this tech bubble will be soon complaining the market is rigged..... The company doesn't make a profit, heck it barely even makes cars..... at least numbers wise. Macro says momentum is over. When this company comes down to the automotive P/E multiple of low teens / high singles. This company is a 10-20$ stock. Don't...
NOTE : The low risk trading area reamains higher in the context channel (the gray ribbon) but we're signaling overbought on the trendchannel... This may be a concern if the market reverses here... Cause reversing on trendchannel means there will pbly be a trend trade to come right after... Not the best case scenario for stock though if junks were about to break...
Long Term setup here - you know what to do. Targets Marked on chart.
Perhaps this is another dead-cat bounce? These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the...
With the increased volatility this year after such a long period without any significant declines has got some wondering if the market has peaked, or even about to crash. To get a better idea of what’s going on ‘under the hood’, we can study the high yield ‘junk credit’ market. High yield is also known as ‘junk credit’ for its higher risk of default and being...
Note that this instrument is now trading below the Red Support line. In the past, such breaks, on several occasions were accompanied by a sell-off in risk assets, such as stocks.
Teal and Yellow lines now may act as future support. $JNK $HYG #Trading #investing
The past 5 times JNK has dipped below its 200MA it has recovered. Also has support from trendline.