DTX is the running average of the stock prices of twenty transportation corporations. A well-known gauge for future trend for the other US indices.
On Friday we were able to reserve a major signal giving rise to a new bear market. The upward momentum was now rejected twice.
UO indicator fell below 50 again, which can be regarded as a chance to go short on this...
Upon Friday close, there is now a standoff between bulls and bears.
- Revert to dovish monetary policy
- Lack of alternative assets to be invested in
- Share buybacks are still propping up the market
- Trend is very strong
- Stock market manipulation is supported by banks and governments by any means.
- Institutional investors have shied away...
Current stock market rally has been driven by Tech and Financials ... thanks to the Trump Powell Put and the worldwide recurring or ongoing QE by central banks (ECB, BOJ, PBOC) ... while the FED seems to be on track, too.
Question is ... are stocks heading higher? Or will we see a massive pullback and retest the low?
200 SMA is clinging from above to the...
Looking back in history bad things happened whenever 100 EMA crosses down through the 200 EMA. Major correction is likely gonna be ahead. During the century such a situation was observed 21 times, and in 20 cases it triggered a big sell-off.
The reversal may likely happen below the 200 EMA, but compared to the situation in 2015 price could also continue to rally...
If I were you, I wouldn't go long or short until we leave the support/resistance zone that is quite large because of market volatility. We are not in a full bear market, but in bear mode, so a long position is riskier than a short position.
What can push prices up?
- Stock buybacks
- The story of the everlasting bull market
- Change in FED's opinion to defer next...
Everyone's talking about the next crash. A lot of people are even enthusiastic towards this idea. But this crash will hit the world and it will change everything, definitely not for the good. Next recession cannot be fixed like the previous by any monetary means.
Nonetheless, life will go on. So start accumulating your cash and reduce your exposure to...
Not a regular harmonic pattern, but around important Fibonacci Levels.
Pullback is overdue.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
I closed my short position after the rebounce at 6000 USD, which is the support zone "Bitcoin miners" have to defend by any means.
I am short on Bitcoin all along from 12k and made some nice profit from the swings. If you understand the market mechanism behind this dump and pump scheme, it is very predictable (only 1 of 5 trades went wrong).
So I am waiting now...
Be careful that the momentum in the Oil price will likely change to the downside.
Bearish Divergence is here.
This could be opportunity to short.
We see prices around 66 USD, representing the median for oil price forecast by Q1 19.
There could be a chance of pullback to the upside. I have been short here, but it might be an opportunity for otheres to hop on the bandwagon for the rally down to 1186 USD or even lower.
Price action may have entered the anticipated consolidation phase with a possible pullback scenario towards 1240 USD ensuing from this strong downtrend over the last weeks....
Just opened a new short position at 7900 USD.
If you can readily see, things might happen again. All "good" things come in threes.
Bitcoin is a big pump-and-dump scheme. In my humble opinion cryptocurrencies are frauds. A social phenomenon based on the enthusiasm for a new technology. Lot of people make profit out of the transaction fees and ICOs. Bitcoin...
As you may expect, there is always a bullish or a bearish scenario to bet on.
Upside breakout is needed to encourage the bulls to push price higher. However, resistance is evident. 10-year treasury bond is above 3%. There is no new hype around that may inspire positive sentiment, only Trump, tariffs and trade war.
On rule of thumb it is more probable that stocks...