When the market is full of bulls and 7 stocks make up 25% of the SP500 you don't want to start seeing cracks in MEGA stocks. That is the problem with markets priced for perfection. I have posted several bearish structures in several MEGA stocks yet no one realizes it. AAPL GOOG TSLA And now MSFT! Pay attention not with money. :) Caution is in order.
ANF has had an amazing run as I had expected it would back when I first published the trade. Of course, I had no idea it would have performed in such a manner. However, the time has come for at least a correction if not more. Wait for a crack in the recent uptrend and take your profits. Bulls and bears make money pigs get slaughtered! CAUTION!
Inverse H&S setup in play for Gold. At the moment it is high basing. Worth keeping an eye out for a CRACK higher. Just a matter of time in my opinion.
I am not here to entertain people for likes and followers. What does that mean? In other words, I will not sensationalize nothingness. That should clue you in that markets are pretty much dead. When I start posting, something is happening. it is that simple. ;)
There is only so much advertisement a company can acquire before the law of diminishing returns kicks in. GOOG appears to have reached that point based on this chart. This is not good news for the overall market. Caution is in order. Especially to the Perma Bulls!
A rising wedge to a double top that Cracked! Double top you might ask? Yes. Double tops can break just prior to, at, or just above the previous highs. Too many people make the mistake of thinking a crossing of a line means something in of itself. It doesn't. The structure is way more important. in this case, it was a rising wedge. While you guys are seeing this...
Please be real careful out there. Not a time to be a hero.
Great Example of BKC charting I spoke about in the previous video about NVDA. Go back and check it out :) Like, follow, and subscribe for more great info. Thank you for the support and helping me reach 3500 followers. More great stuff to come! Honest and simple analysis with great risk-reward setups. :)
70% of GDP is consumption, with that in mind, seeing such a bad number with a downward trend is very concerning for the future of the economy, revenues, profits, EPS. Remember that core inflation is still very high at 3.9%. At this pace, we could end up in a stagflationary environment. While many look at Nominal GDP. They are missing the importance of REAL GDP ...
Obviously NVDA is in a Euphoric FOMO Mode and almost impossible to pick a top. However From Erections Come Corrections add the nice little double top and it makes it compelling for bulls to take profits. Stupidity is the best way to make money, so don't give it back.
Commodities are a completely different kind of trading. They can get extremely violent and blow out people faster than you can blink! In this chart, we can see an erection move (accelerating as it rises) which is always followed by a correction. The question then becomes where and when the correction occurs. A topping M pattern is one such signal that gives us a...
Exposing MMT Since 2019 US GDP has risen by 4% or $800 billion. At the same time, US Debt has risen by 33% or $8 trillion. If MMT worked as advertised GDP would have also grown by 33%. It didn't! Why? bc Gov't debt is not productive. It is as plain as day.
This is yet another simple short setup that could be very lucrative if traded correctly. You don't get too many of these setups often.
Is the FED's caution on inflation justified? Absolutely! Here is why, secondary inflation spikes are very common when an economy does not enter a recession. The FED knows that. Hence their apprehension moving too fast to lower rates. I think it is a mistake for people to believe inflation is over, running around with a major hard-on to lower rates. On the other...
A lot was covered in the video over the years with countless updates in my posts. I have been warning people about TSLA for years. Do not allow your feelings to rob you of your hard-earned money. Nothing worse than giving money to someone who has discarded you. (I am talking about TSLA stock) Thank you to all of my 3400 followers for all your support. Please...
When the facts change so do I. This is an update to my Oil chart I posted back on Christmas 2023 Explanation of how Oil Bulls should handle this chart setup with reduced risk.
Many so-called "experts" claimed that sanctions were ineffective, citing the fact that the Russian ruble had been artificially lowered to 50 rubles per dollar (as if this were a positive outcome). However, in reality, when a country is heavily sanctioned and isolated from the rest of the world, its imports decrease significantly while oil exports remain...
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.