Lumber prices have more than quadrupled over the past 12 months, causing the price of an average new single-family home to increase by $35,872 (source: National Association of Home Builders). MMT free money for all thx to excessive deficits has painted us into a corner and getting worse fast. For over a year I have been told I am too negative it's just...
On March 1st I posted a possible double top that may take place. Copper held a high base till April 28th till it hit a steep support line and then took off for the moon when on April 28th I posted the following update "BAM! Major breakout for Copper!" Key areas are unique in the sense that they can go either way while offering great risk/rewards in both...
Back on April 28th, I first featured DSX for investors titled a Major BreakOut! Today DSX is up over 11% and following through very nicely. As commodities continue to soar thx to endless trillions of dollars for all, DSX will greatly benefit from commodity inflation. Shipping is a bottleneck industry and prices start to rise they don't stop!
Once again we see risk on waving a caution flag. Price has to hold here if markets are to push higher.
CAT simple bull setup breakout. Boring value stocks are cool! As I have been saying for months now.
April 16th I posted that IPO had more downside. The move since has followed through very nicely. Let's go back to when I first featured as a possible top on Feb 21 of this year. As you can see both calls were textbook. Clearly, IPO is a risk on indicator. Right now it is not inspiring much confidence that we will see the market rip higher if it breaks lower here.
Learn how to read bare-knuckle charts.
Wide High base correction through time, not price, is something normal for AMZN. The best risk-reward setup is either a break and hold of previous highs a few % above or better yet at 13-year support trendline (about 20% lower). As always there is much more analysis as to why post something which I won't go into here.
Back on April 14th, I posted this chart on AMZN So far it's right on script thus far, we got the push higher to test previous highs and now seeing if the reversal will follow to complete the longer term (13 year) consolidation pattern down to long-term support within this very big 20%+ bull flag that should ultimately resolve to higher prices. Of course, it...
S&P 500 gives up gain and declines in a sudden move on Biden capital gains tax report
While I can't give the info I give to subscribers I can give you this setup in German DAX. A flashing warning for bulls if this support should break down here.
I have never been in the inflation camp, simply bc of the following 2 reasons 1. Money chases yields, thus any kind of yield US bond offer will be eaten up quickly! 2. Household income/dissasvaving = Profi/Savings. What does that mean? Helicopter money that one receives for the vast majority of the 95% will be spent. normally that would be a good thing under...
I first featured gold back on March 2nd showing a key area for a bounce On April 2nd I got all elaborate on the chart explaining what it all meant. focusing on the most important aspect of the beautiful W pattern setting up. Today we see the progress over the last 2 months and boy is nice and rewarding. The biggest takeaway here we are looking for is that nice...
I first featured Silver on Feb Feb 16th The cup and handle breakout I was looking for never materialized and instead had a deeper handle instead. I once again featured it back on April 28th, when it broke out of the handle and formed a nice bullish flag above the structure. Today we see the results. BAM! This move folk can run for a while and likely at the...
Once again welcome and thank you to all the new and old followers! :)
This Week Was a milestone for me on tradingview hitting 500 followers. I am very grateful and will continue to work hard to keep it simple but meaningful in both charting & macroeconomics. Again a big Thank You! 600 next! (I hope :D)
I posted this chart on April 22 warning TWTR was at key are of a long-term double top. TWTR has now dropped an impressive 30% from ATH for a momo stock. Unless the market is about to turn I don't believe this is a long-term reversal.
Testing ATH and reversing. If you are a bull you want to buy on the break of the bull flag Bears short as close to ATH stop out at ATH. This is a longer-term play with good risk-reward both ways. Choice is yours.