The more I observe price action and the more I analyze charts, the more I feel that although the markets are absolutely primed for a major and inevitable correction towards the pre-COVID highs, which for Nasdaq and SPX are far under the June lows, we're on the cusp of a preceding bear lynching. In my recent SPX call, I had forecasted a trip to the 3,8xx range...
After that whole BCH Satoshi's Vision debacle, there is no longer any primordial Bitcoin remaining. BCH was once something to put some stock in, as it really did embody the original meaning of "Peer-to-Peer Electronic Cash" as defined in the original whitepaper. But like all things in this chaotic world, it was ruined and undermined. Fundamentally, the problem is...
Snakes in a can is not a great metaphor for food. Nonetheless, that's the pattern that seems to be developing on wheat futures. All know that the world's food crops are not in good shape. Massive drought tends to kill plants, which ruins harvests, which causes some obvious downside effects in economies. Each year in recent years, we're running out of supply...
Because virtually the whole world is suffering from massive drought this summer, many crops are in bad shape. This is true with the U.S. cotton crop and it's also true with the U.S. corn crop, which according to USDA reports, barely half of is in good or excellent condition as of last week. This is significant because the U.S. is the largest global producer...
I have never looked at Boeing until today, when I saw some guy posting ideas about it while I was having lunch and I didn't even recognize the ticker, and so I took a look at it, and was surprised to see what I found. In considering this company, I completely understand that they've had problems with their planes, and big ones. But I have also said that I do not...
You don't see just how highly priced McDonald's still is unless you look at it on the Monthly: I mean, this is the place that sells faux-food while CPI and PPI are through the roof, and it's still trading almost at its all time high. This is even more ridiculous than the positioning of Apple AAPL: Apple AAPL - Looks Fine on the Outside, but Tastes Weird ...
I find the market makers of the Natural Gas Futures market to be particularly wild savages. The recent dump from $9.5~ to $5.3~ is a fine example of how difficult they make getting long. They're like a world class bull at the rodeo. You get a lot of points if you can ride one, but their Buck Off % is like 90%+. Natural Gas is going to $13-$15 and it will very...
It is somewhat ironic that an eight minute Powell speech in front of a wood panel wall with a variety of vacuous, yet "hawkish," narratives is the catalyst for the market to begin to rightly seek new lows. Perhaps if they had hiked rates 200 bps we would have seen a 4,600 SPX print "because reasons." I've heard some say that the currency of central bankers is...
One of the most dangerous things about what is going on in the world today, and thereby the markets, is that the middle and lower classes of society are being directly targeted. There are different forms that the Marxist principle of "Redistribution of Wealth" takes. Decades ago, it took the form of the "scum of society" being mobilized by the Communist Party...
That old adage about "buy the rumor, sell the news" is usually pretty decent wisdom. It's worth noting that the APE airdrop opened at $10 and fell to $5 over the course of one day, while at the same time AMC's stock fell by $8 to compensate for the value inhered in APE. You might think to yourself that this doesn't really matter, but it does, because all AMC...
All of the fundamentals in the world tell everyone that because of mankind's insatiable requirement for oil to fuel its transportation network and electricity generation, supply and demand should result in a new all time high. This is correct. However, before this happens, the condition to be cleared first is that many unpleasant things will happen in the market...
It seems to be clear now that the market will seek lower prices. Although Nasdaq, Dow, and SPX trade more or less in the same direction and at the same time, the specific volatility and specific areas targeted have been very different. Nasdaq seems to lead the charge lately, going higher than SPX, and sooner. I hear that retail put a lot of money into buying...
The motion of matter follows a law, and so does the price of stocks, commodities, bonds, and cryptocurrency. While you may want to see your bags reach $100,000 someday, if the Lords on Wall Street do not want to take the risk to facilitate your fantasy, then it will never happen. Crypto is inhered with enormous risks that were established in the same way that one...
Some stocks, I've never heard of before, but I come across people talking about them on Twitter, so I decide to take a look at them and keep an open mind. That is the case with JOBY, and I know nothing about this company, nor about its financials... nor do I care about that. So long as the markets are being maintained by institutions and haven't been hot...
I really haven't paid any attention to this stock, ever, besides knowing that it was up a lot because "COVID MANDATES ARE ' SAVING LIVES '" and "WORKING FROM HOME IS SO GREAT AND WE NEVER KNEW ALL THESE YEARS ," the propaganda outlets said. And then dumped remarkably on the back of a lot of bad press like that time someone died on one on Sex and the City, and...
The recent market conditions have been strange. Post-Coronavirus Disease 2019 panic, everything went up in nearly a straight line for more than a year before SPX plinked 4,800, and then started retreating, within mere days of the commencement of 2022's calendar year. During the moon run, VIX spent ten months in an area that I regarded as a key accumulation zone...
Shopify was more or less Canada's version of TSLA or AAPL last year, except it cratered like a memestock. If you look at the monthly, it's an absolute bloodbath, losing 83% in less than a year. Although prices are currently "cheap" and SHOP seems to be an actually useful company that may have a future, you've got a long way to go before the buying...
I don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators. Of course, this was yesterday right as it was sitting below making a new high and has since...