Tech stocks have been getting hammered and i still believe the stock market is headed for a big correction. Smart investors are seeing more gains in crypto-currency. We are not seeing anymore stimulus packages thus far and inflation is getting higher month by month. Bond Yields are all on an uptrend. That's a negative correlation with high growth stocks. Looking...
-Published a stronger-than-expected set of Q1 2021 results, beating market expectations on both revenue growth and adjusted earnings, driven by surging luxury electric vehicle sales and rising margins. Nio delivered a total of 20,060 vehicles over the quarter, marking an increase of 423% year-over-year, helping revenues rise 482% to around RMB 8.0 billion ($1.24...
As Market crashes, mine for GOLD Ladies and Gentlemen! Entry point: Current market price Stop-Loss: 1,760 Take Profit: 1,880
After a long positive run full of speculation and non-ending green days, the time has come for stocks to go back to their real values.
I used the Fib channel to see these target points. $430 seems to be a major resistance point, might take us few weeks to a month to reach this level.
Hello everyone, In my opinion, it's good to be honest with yourself. And if I am being honest, it appears that the S&P 500 may have just printed a massive double top signaling a potential bearish trend in the foreseeable future. Now before you scream chicken little, hear me out. With what's going on in the world there is a lot of uncertainty, and the market does...
The market has been bunny jumpy and funny over time. If this will confirm and the grand super cycle will end we will see some major correction to the 1800-2200 area. Who will trigger it? Btw retailers have too much fade on the FED, pity. At the time market is very overbought and in the weekly RSI you could see huge divergence on the weekly chart and low volumes...
As stated before, the recent sell off was nothing but a corrective wave and I was calling for buys when everyone was selling.. I am not saying the market will collapse now but if does then it makes sense and there is enough evidence to support it! On the other hand, more ATH's still makes sense too! It's all about assumptions, biases and having a set up. My...
Good day guys! I am now closing my bitcoin long positions from 52526.72, 52579.78, 52699.91 & 52762.98 level. We do see this trade going higher, because we noticed PAYPAL just added crypto to the checkout feature on their platform. This is huge! Again, it is always good to book profits and look for the next set up. We believe in actually withdrawing from your...
Please have a look at this chart. Scroll all the way back to 1999. At present day we are very far above the 50d moving average. It's frightening how high we are. Bearish divergence from Jan 2020 to present day. Bearish divergence in 2018, leading to a 20% retracement. Bearish divergence in 2007, leading to the global financial crisis. Bearish divergence in...
A friend sent me down the road of looking at the spider charts again, and and kind of spotted something on the 6 DAY Broad View, that has nothing to do with the current situation of course; but it is intriguing, as well as frightening perhaps to some who don't protect their assets with Stop Losses... This is somewhat of a "what IF" type of scenario... Against...
Hello everyone I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in...
Hello everyone I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in...
Ok guys I think this is where we finally see our pullback. Notice the artificial pump to diverge from the original fractal . Who knows? Maybe its nothing, but this is what I see and I wanted to share with my followers so they were aware what may occur here. Covered in Bulkowski's Classic Trading Patterns under the trend line chapter he mentions a piercing of a...
Looking at the price action on the NASDAQ (NQ1!) from the past few days. Focusing on the quick profit take from today, leading in to a down trend tomorrow. Hedge your bets.
We will have a green market in the next two weeks but three weeks ago bear market started. So be careful not to fall into the trap and if you take a long position, it must be short-term in two weeks.
The dollar climbed as pressure stayed on bonds, with the yield on the U.S. 10-year government bond hovering at its highest levels in a year after Federal Reserve Chairman Jerome Powell expressed little to no concern about the recent spike in yields. The U.S. dollar benefits in a few different ways. Powell’s confidence in the U.S. economy and its ability to...
TELADOC is looking good after the companys stock crash 30%. TDOC is slightly under the 200 SMA. Also, RSI and MACD are showing overbought momentum meaning a great short to long-term trade. I think we will see a bounce back as the stock has still a wonderful future with a lot of growth and imagination to make new tops.