What is the near/longer term direction of the market? Here's my take I believe we are and will be in a "trader's market for the foreseeable future. This can be an excellent environment to make make in provided you manage risk by picking your entries judiciously. From an Elliot wave perspective I think we are at an important fib level in the context of the...
This would have similar bias for nasdaq as well. Looking at the us major index to be up on the near to mid term..downtrend has changed and market should be getting ready to pounce higher!
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The entire world better get ready for #Gold and #Silver's 4th greatest BULL ERA in 100 years. Expecting #Oil #Uranium #Copper #Platinum to also do VERY well.
2 Free Online Games that Have Helped Me Become a Better Investor. So Im in the middle of reading the " A Man of for All Markets" by Edward O. Thorp, and its fascinating. Hes a mathematician who proved there was a potential edge in blackjack (21) based on the cards that were left in the deck. He also went on to be investing fund manager who focused on covered...
With the likely conclusion of Minor waves (yellow numbers) 1 and 2, I am providing a short-term update. I have taken the final values from both of these waves to forecast the end of Minor wave 3. I originally had the entirety of Intermediate wave (pink numbers) 1 ending by April 6 around 4112, but that will now likely occur a little later. The centermost wave...
If it looks like a duck, If it walks like a duck... Quacks like a duck... Yes the macro is bearish But macro is a product of smart money, just like the news This chart is bullish We have already rejected the 50% retrace and this was done with time and price squared as I've shown you previously We are now testing the 0.382 fib support But moreover, all...
Yellen saves the Puts! Has the recent market rally (in stocks and crypto) stalled out? Let's look at the charts and talk the White House Economic Report.
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It is helpful to view past recession trajectories to get a visual idea of where we are at the moment. I chose the recessions which were most relevant to today's market conditions. The 01 (purple) and 08-09 (dark blue) recessions were the first "modern" recessions where MMT was being implemented and tech made up a significant chunk of the market. The 70 (reddish...
Any way you slice and dice it, equities are still way overpriced considering where rates are. At 18 P/E, its in the upper range of valuation relative to yields. Minimum downside target is 3400, possibly 3000 area.
The market is still in a corrective/consolidation phase after the first leg down. Another test of the 61.8 and 78.6 fib zones could still be in the cards. This would be a bullish confirmation to the herd and they will, like always, line up to buy a euphoric high. The "financial pros" will also be there ready and willing to assist. While the higher timeframe...
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The S&P500 on the 1W time frame remains technically neutral (RSI = 51.005, MACD = 10.190, ADX = 35.849). Large reason why it has done so is because it has been ranging between the 1W MA100 and 1W MA200 for 22 weeks (154 days). That is a significant period that isn't that indicative of a bottom formation. There is still a large portion (could even be the majority)...
Technical Analysis and Outlook The Spooz upward trend was re-established on Friday and is trending to Mean Res 4015, extending its price action to Mean Res 4050 - however, the retracement to Mean Sup 3939 is predisposed.
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