Ethereum is building a bear flag up against the All Time High. Looking for this to go lower along with #Bitcoin. On that note, it is time to dismiss the narrative that "crypto is being more widely accepted". I'm not sure there has ever been a more misleading and dangerous financial suggestion in history. The reality is developed governments will never accept...
#Bitcoin looks like a relatively dangerous place to be in terms of the ever so delicate balance of risk/reward. I have been forthright in my view that the $2.4T cryptocurrency market cap is a huge drag on the global economy; that is to say, any dollar sitting in some crypto form of savings is... well, not really doing what it is supposed to do. Policy Makers know...
This looks like the beginning of a very well-identified read - a bullish breakout - originally identified and published on August 12th, 2021. I am fairly confident this will reach the previous all-time-high and likely move quickly to the upper $80s.
Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates. My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders. We will...
The Baltic Dry Index Continues to soar following my call for a breakout at 3,200ish (July 2021). I think the BDI remains a good indicator right now for a few reasons: 1. From a technical perspective, it is behaving exactly as expected (hence the call from 3,200 - it was an easy read) 2. The breakout and move higher is consistent with a bottleneck in global...
A lot happening this week with the fed meeting and someone with power somewhere running their mouth about what "ought to be". This is a relatively high risk trade long or short. To me inflation will prevail and we will likely see speculators continue to drive up commodity prices.
I have entered a short in the Nasdaq via $SQQQ. The important thing to note, is that this short is taking place within a very clear bullish channel. That said, I must remain aware of the very real possibility that this could go against me. As such I am prepared to abandon the trade should we start to violate the most recent all time high.
Mentioned Visa a few days back. I think this looks like it is setting up to move higher. Visa: LONG.
More on this later, but the chart indicates weakness. That said, I am not sure what to make of the bear wedge just yet. Does this lead the entire market lower? Do we go sideways for a little while and then take off higher? For now, really interested in the price action at $214 and will continue to monitor.
Watching this one closey as a leading indicator for world trade.
I think this thing wants out. Looks like a bull, smells like a bull.
At the time of this post: $AMZN | $3,479 $GOOG | $2,916 $TEAM | $371 $MSFT | $301
Likely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the...
Likely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the dollar...
With recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several...
Hub Group $HUBG appears to be forming a bull flag, following the breakout of a 13-year structure. $75 could happen quick. Watching this one closely and will continue to update.
I would expect the BDI to press higher and at least break out of the blue structure. We can assess further from there.
Consistent with commodities in general - cattle prices looking ripe for a move up.