This is a very worrying pattern in the stock market and indicative of a bear market rally. Still accumulating shorts here as we come across strong supply at the 2800-3000 area. Big money is going to be taking profits here in anticipation of a major fall.
Classic ABC correction wave within an ascending wedge and on the shorter time frames the RSI divergence is staggering. Be very careful about going long. A lot of big money is being offloaded to bagholders right now. The distribution is almost over. Expecting big volatility in the coming weeks as the USA's situation deteriorates.
Gold has been very VERY volatile in the last months due to speculation and uncertainty, coupled with the fact that it is still mostly considered THE safe-haven asset. That being said, gold has had questionable short term returns in bug market crashes (see 2007-2008). That being said the years following the great housing recession saw the absolute best returns for...
Watch the VIX and volatility indices. The bear market in stocks is not even close to being over. Even though we've seen another short term high, it is nothing more than a bear market rally. Long on TVIX from now. potential targets at 600, 800 and 1000.
A quick comparison between the stock market and the crypto market. Heavily correlated as always which forebodes very poorly for all assets in the medium term. It's just a matter of time before selling resumes on everything after this bear market rally.
In 2019 we may have reached new highs after the December 2018 crash, but don't be fooled, this stock market correction has most of the pain still to come.
Despite the retrace upwards ending on major stock markets, oil has not yet seen a correction to the upside after a stomach churning 60%+ drop in prices. looking to make a fast trade here from 20 to 30$ as we seena small correction before seeing a possible retest of lows.
The futures chart that shows overnight trading is a much better indicator as to the pattern emerging here. If it holds true were in for one more big leg that could bring us below 2000 and would make a lot of bottom sellers.
As shown in the chart, ive been talking about a palladium bubble for a very long time now. Now we can see the result of investor greed and momentum investing gone sour. At section #1, the BIG parabolic move indicating we are close to the top. #2, the loss of momentum, smart money has sold into the strength, the new high is created by greedy investors. #3 A...
Expect major indexes to follow suit. not because BA influences all the indexes but almost all stocks are VERY correlated right now. I could take many other examples of stocks going down.
If this doesn't drop tomorrow or over the weekend and looks to move higher, we could be looking at a multiweek recovery.
Quick technicals on random cryptocurrency. Big short opportunity back to 0.80
Looking like one final leg will be made before any further kind of recovery will be seen. This is setting up for a big panic sell.
With the FED stepping in with its ''unlimited'' quantitative easing, the indexes and underlying components are poised for a pullback to the upside that should give a lot of hope to infvestors. Beware of this pullback as most likely in will be temporary while we wait for unemployment to spike. Short term long into long term short. see below this idea back from...
This area has great potential for an oversold retrace upwards. 3 Elliot waves down, plus the volume spike and the forming of a flat short term bottom shows that the indexes are primed for a short term reversal before selling resumes. Short term long here followed but medium-long term short.
Even though this can still very much go lower. All shorts have been closed except for a few straggling puts. I would be looking to start building a position from here all the way down to 2.50$ if it were to go that low (still possible assuming it doesn't go bankrupt). They made the right moves by cutting their workforce and capital expenditure to increase survivability.
See the idea below. as predicted this bubble collapse is a normal and healthy correction to the parabolic increase. Look for a good buying opportunity within the next year.
As it has been realized before, gold fairs quite poorly during recessions. As in 2007-2008, gold with most likely fall with the indexes and will only make new highs above 2k/oz in the next couple of years. For now, look for better buying opportunities around the 1400 region and accumulate for long term holding for the next 3 to 4 years as we keep shorting indexes.