With last poor earnings, Starbucks NASDAQ:SBUX generates my favorite long-term signal for potential long-term buying (Bollinger Bands torn & RSI oversold on weekly basis)
If the company gets its problems under control, there could be a reversal soon
After such negative earnings, however, the price still needs to stabilize somewhat
The stabilization of ...
AMEX:SPY is currently testing the upper falling trend line of the asymmetrical triangle
If the retest succeeds and the breakout is confirmed, then a year-end rally in the stock markets including new AMEX:SPY highs is likely
NYSE:NKE is already one step ahead and the breakout seems to have been successful
From a Fib-Retracement perspective, both CRYPTOCAP:BTC and the overall crypto market CRYPTOCAP:TOTAL are perfectly in line with a typical cycle before the next halving in April 2024
Before the last halving in May 2020, CRYPTOCAP:BTC reached the 0.618 Fib-Retracement in June 2019 and after that a correction took place
The 0.618 Fib-Retracement at ~USD48k...
The CRYPTOCAP:BTC dominance is currently very interesting to observe
CRYPTOCAP:BTC.D has just made a new local high (top image)
However, the CRYPTOCAP:BTC dominance without the stable coins is threatening to fall out of the uptrend (bottom image)
So a divergence is taking place. The money from the stables is currently being pumped mainly into altcoins and...
Like many other asset classes, TVC:SILVER is currently on the verge of breaking out of a year-long asymmetrical triangle
Silver miners AMEX:SIL are lagging the silver trend and could perform well in the near future if the silver breakout is successful
