I suspect we are seeing a failure in the bearish signal we had recently, and yet another bullish trend in the weekly timeframe here. The M2 adjusted chart is highly interesting as it predicts we may see prices break the 2019 top briefly, I fear this might lead to an extreme in bullish sentiment a subsequent market crash towards lows not seen since the COVID...
We will know within a couple weeks with more certainty but this level could inflict serious pain on crypto holders.
I'm out of my long positions and mostly lending since we broke down after failing to break out above resistance a few days ago.
I suspect the stock market is about to stage yet another COVID crash, accompanied by other asset classes also falling, so...
Looks like we have a confirmed uptrend signal here, which is what I expected to happen since the market created a big support level indicating the smart money absorbed the last crash.
It's interesting that for most people, it borders on lunacy to be long risk ahead of the POTUS elections, but it seems to be the right thing to do. I suspect we will get a Trump...
This is what the charts seem to suggest, might coincide with a period of sideways action in $BTCUSD, perhaps awakening once again by the end of 2020. I'm not keen on trading $BTCUSD or large cap alts while they are sideways and choppy but many smaller coins have good setups. Please be careful with sizing and liquidity when trading altcoins. I'd suggest small...
$SPX confirmed a bullish signal today, after it was evident selling had been absorbed systematically by long term investors since September 4th until today. This buying puts a floor on the market here, and potentially offers a solid support level if retested once prices move higher, if they do hold here for a couple weeks.
A new weekly signal can trigger by the...
The last bullish signal we had, has expired in the weekly timeframe, and many stocks started to collapse today. There's a chance support holds here if the market slows down the fall for a few hours and liquidity returns to markets, but, risk is very elevated. I've been exiting my remaining bullish positions, and have been long $VIXY for a couple weeks already, now...
We have a nice signal here in $WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, $WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms.
It will be interesting to see how...
I think we saw peak sentiment in Gold already and the dollar is likely reaching a bottom here. Upside is a retest of the distribution level from where this move down started.
Keep an eye out for signs of Dollar strength in different pairs. Perhaps we might see relative strength in US equities vs Europe as well, and bonds vs European ones.
Any sign of strength can...
We might get a nice move out of this juncture. #BTCUSD formed an accumulation level here, potentially, and already flashed a daily and then weekly trend signal. Targets are the cyan boxes, and in a very extreme case the red box target. I personally think it might not break higher than 2019 highs, hitting resistance near 12150, but, I will go with the flow here....
I think this is what's going on in gold, a massive blow off top is cooking. I am long via gold mining shares right now, looking to ride the rest of the upswing until we hit the top in about 6 weeks from now, then will likely flip short once buyers run out of money to throw at the yellow metal. Looks like some flows out of equities are heading into gold right now,...
Strong action in the S&P500 futures here, looks like equities will maintain their strength for the time being as $SPX is set to break into new highs over the current all time high if the daily chart signal we have here pans out. I'm long and fully invested for the time being, holding a portfolio of individual stock picks, but watching the index to hedge the...
It's possibly over for a while, for gold, a weekly trend expired last week and it hit a massive resistance and was rejected. If you hold the yellow metal, you are better off selling it for USD here. Doesn't look promising in the slightest, and inflation is highly unlikely to materialize, despite the huge money printing we saw after the Coronavirus induced crash. I...
We have a nice setup in #NKLA here. I'm already long from lower, but looking to add some exposure to ride this move.
I'm overall impressed with the huge short interest in the stock, it pays off to hold shares in a margin account and lend them to short sellers, while benefiting from this trend.
You can do this with certain brokerage firms that share part of the...
The same pattern is visible in $DXY and all major pairs, as well as in $SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC.
I would assume oil will go back down, retracing at least half of the surge from $0...
Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade...
There's a nice short setup with defined and low risk in the Dax here. You can trade it with futures or CFDs, the stop is tight, you could use a stop over 12933 here for instance.
The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme...
#TLT has finally triggered a bearish signal here in the weekly chart. It has some good downside potential, but eats up a ton of cash if you short shares. Keep that in mind...
Cheers,
Ivan Labrie.
I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly...
I think this ratio is bound to go lower here, should be a good trade to put on, roughly 33% size needed to get a good enough exposure to it. It is capital intensive so it is probably easier to do with futures contracts.
Cheers,
Ivan Labrie.
