Great time to move into deflationary currencies as the US economy moves into stagflation and the dollar gets steamrolled.
This nonsense put up all time highs on daily RSI today. When junk bonds go, everything will go... (down, of course)
Unbelievable irrational exuberance, period. Short this nonsense.
As an update: I've circled price ranges where volume has accelerated. If we form a Gaussian distribution curve based on price relative to volume exchanged, the median of the distribution curve would lie roughly between the range of 267 - 261 with the mean slightly below, ranging from 261.5 - 258.5, forming a right skew tail. Current market price of $290 carries...
Subscriber request: I'd wait for $160.81 before opening short positions. Cheers.
Straight forward short sell opportunity here. Break of primary trend line on accelerating sell volume. Looking for intermediate term price target of $262.
Credit markets are looking rather frothy today; might be time to grab a life jacket and get out. Bear in mind that junk bonds also have a high directional correlation to the equity markets. Take heed.
Dollar weakness should place a bid underneath commodities in the coming months. At 2 spot 70, natural gas is currently an attractive hedge with a high RR ratio. Looking for minimum move to roughly 3 spot 45.
Technical: Series of impulsive rejections off $314.50 level. MACD rolling over w RSI bearish divergence on the daily chart. Risk/reward favors downside over upside. Implied vol skew on options contracts currently @ 4.5 delta put/call spread (very bearish). Fundamental: Cosmetics retail is a highly cyclical industry. Historically, Q4 numbers come in hot on a...
Straight forward short sell opportunity here. 3 daily closes outside Bollinger Bands + extreme overbought levels on RSI + cash burn company = $$$. Cheers