About meYes I'm a CFA charterholder, but that really doesn't matter when it comes to short term trading. Most of my ideas are technical not fundamental.
1. Don't overbet your portfolio on a single trade
2. Get out when trade doesn't go as planned
Emerging Market are the last to join the rebound from the interest rate sell off where other factors include the dollar (DXY) strengthening. However the fundamentals of the emerging markets are still strong as the global economy rebounds and the coronavirus restrictions cease. Buy the dip
I like the gap down and reversal in today's candle along with this happening at the 5% lower envelope like back in June 2020. Betting long term interest rates cool off a little here. It's a ballsy play from the prior downard movement but I like the risk to reward setup.
Gold is down +6% for ytd and could outperform in the short term as riskier assets get sold off and rotate into gold.
Additionally betting on a weak dollar to prop up gold again. Adjusting gold by multiplying it by the USD index gives a better linear trend with more support points .
Gold has been selling off as the long term US Treasury rates have started to rally in recent weeks (TNX TYX). In addition the 'death cross' doesn't help encourage bulls.
But I see a double bottom along with some divergence that I think provides an opportunity for a decent risk/reward to swing back up $1,800/oz. The ABCD pattern shows a similar length from the AB...
Using an absurd 75% - 20 day envelope on the chart which I think does the job of identifying extreme stretches for this stock. The recent pull back is reminiscent of a blow off the top formation. Don't see why RIOT couldn't halve back to the $30s in the coming weeks even with bitcoin above $50K. Should finish today with a bearish engulfing.
Morgan Stanley initiated coverage of QuantumScape with an overweight rating and a price target of $70 on Feb 11. After the December bull run, QS has drifted lower as concerns loom on it's lofty valuation... looks like the tides are changing and QS is ready for it's next run.
This stock isn't "worth" $50 on a good day. Buyers will move on to the next big 'meme' investment and get bored with GME after it stalls out and fails to moon shoot again. The only demand level will be on technical dead cat bounces as there is no fundamental value support at these nose bleed levels.
ps: If you made money on the way up, good job.
Tech (Apple in particular) has been seen as a safe haven from the lockdown recession; stretched price per share in AAPL is making historical fundamentals hard to justify even with everything the Fed is doing (PS and PE Ratios Charted). Technically overstretched as well and wouldn't be afraid to start to shorting here.
Both TNX and TYX are still near all time lows as long-term treasury bonds continue to be in high demand from lockdown recession monetary stimulus. A moderate sell off in treasuries may cause a rapid unwinding from overcrowded positions and set up a downside reversion to the mean over the next month or two. The current price action is well above the 20 day moving...