More Than an Inflation Hedge
"In May, billionaire hedge fund manager Paul Tudor Jones of Tudor Investment Corp. announced in a letter to investors that his fund is buying bitcoin futures as a hedge against “The Great Monetary Inflation.” In his letter, he argued that the $3.9 trillion (6.6 percent of global GDP) printed by central banks since February has the...
More than three-quarters of palladium ends up in hybrid vehicles and in the catalytic converters used in autos to reduce emissions.
Today, many governments, especially China’s, are tightening regulations to crack down on pollution from vehicles, forcing automakers to increase the amount of the metal they use.
However, supply cannot respond to growing demand,...
Markets driven by euphoria never end well
Record Overvalued US Stock Market
The US stock market is absurdly overvalued. In Crescat's analysis, the gap between current prices and discounted present value of likely future cash flows is the highest ever.
Speculation is rampant and being championed by a bold new breed of Millennial day-traders. The mania is based...
After a parabolic run, shroom is retracing back to The Fibonacci sequence level of 78.6 which indicate deeper retracement,
and are usually a great entry point.
It also looks like a falling wedge has taken place, and a deeper retracemen to the 78.6 would be right in the apex and laying up for a probalbistic bull squeez out of the wedge.
Target is at the next...
Will the 9 & 13 signal come in handy yet again? we will soon know.
it has been hovering around the middle of the channel for a few days creating a 9 & 13 sell signal.
Coming into the report, Nvidia stock was up 25% from the May lows and more than 94% from the March lows.
For the quarter ended April 26, the graphics processor company posted revenue of $3.08...
May 14, 2020 saw positive news and reported record revenue of $33.0 million for the Q1 2020 and record adjusted EBITDA of $2.7 million. Q1 2020 was the company's 10th consecutive quarter of record revenue.
GRWG continue to outpace guidance, and are increasing 2020 revenue guidance to $135M-$140M and Adjusted EBITDA to $12.0M-$14.0M.
On top of the good news and...
CTXR has shown a nice breakout with heavy volume, followed by a pullback to the crime scene on low volume while RSI hovering just around 50, it is now moving above the 50 MA and breaking out of the second downtrendline, a good risk/reward setup
Announced that six COVID-19 patients treated with mavrilimumab in Italy all responded to treatment, and 3 patients were discharged within 5 days.
A follow-on controlled study in Italy is planned. Shares closed the week up 43% to $17.91.
Breaking through the recent top will be a strong indicator for further upside movement.
Hovering aorund the...
Scientists in Australia started testing two potential coronavirus vaccines on animals.
They are being made by Oxford University and Inovio Pharmaceutical, an American company; the results could be known by June.
Australia’s science agency said these are the first rigorous pre-clinical trials of such vaccines to use animal testing. About 20 other groups worldwide...
A Bull flag on the 2 hour Chart, could see a breakout after recent news
More than 6.6m Americans filed for unemployment assistance last week, bringing the total number of new claimants to nearly 10m in the past fortnight, an increase unprecedented in the country’s history.
The pandemic has depressed consumption, lacerating industries from retail to construction....
The Cannabis momentum all across the board seems to be changing in a favorale bullish manner
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the...
AMZN is only down 15% from it's ATH
It recently broke the down trend and has held above it for 3 days, if we keep above 1850$ that is to me a bullish sign and a 3.5% close above the downtrend breakout.
if Amazon is the safe heaven we could see a momentum ride to close the Gap at 2090.
PTON meets competition in a time of struggle.
Apple is working on an app with fitness videos, codenamed Project Seymour.
Elite fitness instructor Jay Blahnik is running the project internally, according to a person familiar.
The guided workouts range from cycling to yoga.
The bullish narrative is PTON will be benefiting from the stay at home trend...
Back in late 2014 Genmab broke out and haven't looked back since, though it have seen many downturns on the way, as we can see it has been through 4 big downturns of 25%+ drops. Another one could be in motion, a weekly bearish engulfing candle has formed and we have seen it drop 15% and is now back testing the former resistance and is about to test the bottom...
Recently we have seen a rally, the 9 and 21 Moving average shows strong momentum. We have been experencing some consolidation the past weeks, but are holding quite well with all the corona-virus-related-panic considered.
As shown, tight stop, if it breaks below the low of yesterday candle, we will re-evaluate and wait for the setup.
Target is the...
First Solar last released its quarterly earnings data on February 20th, 2020.
The solar cell manufacturer reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by $0.85.
The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.86 billion
The good note: Its quarterly revenue was up 102.5% on...
The daily uptrending channel has been broken, went back to retest former channel support and got rejected.
We have now moved lower and made a new low, which reveals the current weakness in Bitcoin. I think we will see a bigger shakeout and a move down to the support zone around 7500$ before we set up for new highs.