Take profits and hedge where you can. this one will be a doozy that will last multiple years
Sticking with the short on this one so far. No cover sign yet
Panic and fear as taken over the market. The recent selloff has not even been that brutal compared to some other ones. Fear index hitting 5, its lowest ever level recorded since it began in early 2018. Short term buy signal here
Happening on the major indexes and big tech as well. also observed on bitcoin and many other asset bubbles like the 2000 tech bubble. Seeing this pattern a lot lately, wouldn't be surprised to see it here. Good short term scalp that will fool many into thinking there will be another impulse wave. Then dump
Time to start closing positions and buying out put options. This is a classic top formation for thee tech bubble 2.0. For those who missed the big bitcoin short, here is another one. Everywhere you look stocks are tanking. when the big tech 5 start dropping it will wreak havoc on the indexes.
every bubble has one. a nice recent example is bitcoin and many other cannabis companies. Short till its dead
Altcoins are now in a bear market. Like small cap stocks when looking at the stock market, altcoins offer a perspective of what is to come for BTC price action. Expect big losses in BTC within 1 to 2 months
Finally all the recession posts of mine a starting to have a reason. cannabis/index shorts and VIX fully loaded into this downturn. The profits are already stunning. Beware of further stock fallout as investors run for cover in this fake market
Looking strong still. OBV (bottom) trending up
Super cup and handle formations with a perfect breakout here against the dollar.
parabolic rises in such short term time frames are almost always followed by big drops (see every bubble ever). with a PE ratio of almost 140 (dotcom is that you?) the big short is here.
Regardless we are headed for a recession. Figure out how to profit from the short term
the reckoning has begun. tech stock buyers beware
NFLX bubble is anothe canary in the coal mine. Brace for stock market collapse o epic proportions
Watch out for more volatility. US bond auction today was terrible and 10-year bond demand was so low some bills were offed with a yield of 2.66%. In perspective, the current yield for 10-year bonds is 2.16%. And this despite FED with clear intent to cut rates. Bonds should be rocketing right now due to the rate cut. The market is currently backwards: bond...
Loading shorts here. Approaching resistance which was previous support.
Topping descending triangle pattern. Look for the pullback for reentry for an equal top at least maybe higher.