Professional, Proprietary, Piggish, etc. (/Pihg-hish/, adj.) - impartial, opportunistic; greedy when the other Perma-types get too passionate. ex: The piggish poker player makes a living from other, recently-tilted poker players.
Hypothetical Future Conversation Between Robinhood Bro and Co-Workers:
Co-Worker 1 (Enters conversation late):
So what stock are you bros talking about.,?
Shopify? Hah! More like Shopi-fucked!
Am I right!? (left-handed fistbump left hanging)
Right!? (right-handed fist bump left hanging)
Come on guys, am I right or what?
Co-Worker 2: ...
I say probably because Bitcoin traverses so many thousands of points in a day that it isn't out of the question to figure that a new cycle could rise and fall in 2021 after this one bottoms.
While most are thinking about discounted long entries (and the beginning of the next near-term bull cycle), I prefer to take the glorious short setup so that I do two...
The last two major stock market retracements occurred in 2000, and in 2007, respectively. Each of these was assigned an underlying cause and an overarching title. Yet, it could just be that both of these were caused by the same de facto trigger; rather than the convenient set of societal circumstances surrounding each at the time.
Nomenclature and true cause...
The wedge that has been forming on IXIC seemed to have completed into the close today.
As the age-old children's rhyme suggests, don't touch the Nasdaq in May. Especially when preceded by April money showers.
-Not With A 10 Foot Pig-Pole
If you think this is nuts, keep in mind that Bitcoin just ran 10x this in what will be a similar amount of time (see bitcoin projection related post).
Also, there's legitimately nothing else to invest in at this point other than renewable energy stocks, other precious metals, base metals, and general commodities. Oh yes, almost forgot about those mining stocks as...
Pick a path and then wait patiently for a short entry before the first apex (in terms of shortest duration) of the three pathways to choose from.
In this case, Pathway 1 has the narrowest channel and would hypothetically be finished around this time. If that is the case, you should expect an impulsive wave down and an unmistakable trend change along with it.
Pick any path you want, none look appealing from a bull's perspective.
I created this chart today because I found incomprehensible that the Russell tape kept getting bought aggressively into today's close. Forget about the fact that this index has tested the lows of this triangular range (black date range above) several times, but what is more troubling is that...
If you are wondering what you should be doing in terms of trend following the equity indices these days, I promise you are not alone. This multi-month range-bound "bull market rally" since December has turned into a money-printing extravaganza for everyone who is not in the business of making money in markets. The disequilibrium between "normal expectations" of...
To illustrate what I touched on in the bullish alternative, this is much more likely to occur than a fuller-lengthed parabola to 75k or higher. Below is just fun speculation from a piggish perspective.
How Will Each Tranch of Trader Perform Under This Scenario?
Downward head-fake has happened so many times now, that any bullish trader worth his salt is going to...
Yes, this is also possible. I am piggish at my core even if I've been leaning bear (due to the ridiculousness of this market/economy).
Should this setup manifest, it will be because a new ATH is reached this week.
Prepare for a very weird move higher following the ATH. It will look like an actual moonshot to 100k after failing to break down to the line of death,...
Bearish Confirmations in Order of Least to Most Important:
1. Price Crosses Over and Closes Hourly Below Red Line "BAR-Reversal"
2. Price Chooses to then decline more rapidly, ultimately choosing the steeper downward path
3. Angle ends up being so acute down this path that line of death is crossed
4. Line of Death is closed under on the hourly timeframe
I've been leaning bear for so many weeks now that I'm already looking for growth names to go long on after a much-needed pullback across indices.
Before the long entry, though, it is advisable to wait patiently for a pullback. As much as it sucks, the equities market will likely experience either a sizeable correction or short-term crash due to sustained, extreme...
This seems like a pretty blanket statement, but I believe that it will succeed regardless of the type of news being reported or whether the underlying asset in question is directly the subject.
What I mean is that if you were to sell all earnings reports prior to the announcement, it will be a net winning strategy. If you sell the major indices into the FOMC...
In the chart above, I display a daily chart of gold at the top, followed by the graphical 90-day correlation coefficients between gold and various asset classes. I do this kind of analysis at times when I feel a major inflection point is incoming. It is very handy when everything is moving quickly, since you can make the right choice after the dust settles....
BARR tops can be seen across markets at the moment, but this is the first potential Dual BARR top that I've noticed so far.
This ending is complicated and trading this is basically not worth it until it breaks out of either trendline.
I'm sitting it out and then probably shorting it since 60K USD is not sustainable at this point in time.
It's also not a proper...
Well, well, well.. what an interesting setup we have here in the realm of the metals. It seems that confusion regarding inflation may have caused price overshoots in different directions for different metals. Two of such that glare out to me are Gold and Copper.
I will structure the write-up of this Pig-Play a bit differently this time due to the inherent...