WorldEconomics

WorldEconomics Updated 

It seems like the top ten Nasdaq 100 mega companies are due for a beating in the coming weeks as we head towards the much anticipated rate hikes, tapering, and balance sheet shrinking. Nvidia is also suffering with the Covid supply issue as well as a decline in sales as pricing for their products like graphics cards are selling for 2x MSRP. It doesn't seem like...

WorldEconomics Updated 

Apple #1 in the Nasdaq 100 with the biggest weight. Although they seem stable, that doesn't mean they can not come down. Below are some key factors that would contribute to Apple selling towards $100. Key Factors Economic Slowdown, reduced revenue & earnings. P/E Ratio is around 28x 1M & 1W have room to sell. FOMC Decision. Recession risk from...

WorldEconomics Updated 

With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade. Resistance Levels: $85 $83 $77 Support Levels: $66 $62 $60 $43 If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.

WorldEconomics Updated 

Revisiting Apple, these are some short term prices we can see. If we price Apple based on the economic data, we can see Apple decline. If we see Apple based on QE, we can see one more push towards resistance (highly doubtful). Support Levels $170 $160-165 (yellow dotted trend line) $155 Resistance Levels $183 $177 $175 The 200MA is 150.00

WorldEconomics

What does the future bring in terms of Gold? One might say, if the markets and economy collapses, gold will rise as people flood to safety. This is both true and not. Take a look at gold during the biggest economic turmoil events in the passed 20-years. Specifically, 2008 Great Recession and 2020 Pandemic Collapse. Both 2008 and 2020 share the same moves....

WorldEconomics Updated 

As with my last chart with the Nasdaq, I believe we will see the same with the S&P. The market is struggling to gain momentum and even experts on CNBC/Bloomberg are finding it hard to encourage investors to "buy the dip" because they too are uncertain. If we compare the reasons for a correction vs continuation of a bull market it goes as follows: Bear Market: -...

WorldEconomics Updated 

It seems that the S&P is poised to endure a correction at least. The MACD has crossed into bear market territory where we may retest the projected 200MA. We can see 4000 of the S&P, possibly lower. I like how one Josh Brown of Ritholtz said earlier on CNBC that once Nasdaq breaks 200MA, it will be puking because small caps will panic sell along mega-cap...

WorldEconomics Updated 

Tesla has absolutely exploded in value especially since March 2020, which we believe was the beginning of a massive equity bubble. Tesla began trading around $40-80 range for over 6-years. The vehicles they produce now, they produced in 2017. The Tesla Battery and Tesla Solar Roof were all known back then as they are now. Tesla has not announced anything that...

WorldEconomics Updated 

Based on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow...

WorldEconomics Updated 

As people start noticing more infection rates, even with the vaccines, there might grow a hesitancy for vacation travel. Add to that inflation, saving cash, retails flat.. we can see cruise liners and airline take a small dive. forextraininggroup.com

WorldEconomics Updated 

Based on the current economic situation, plus the movements in the equities there are possibly two scenarios here. We know that Bitcoin has followed equities market for a few years now. If you want evidence of this, just compare Nasdaq or Dow over Bitcoin and you will see Bitcoin followed most of the moderate to big moves of equities. Based on the MACD for the...

WorldEconomics Updated 

Welp, I'm calling it. I believe the next leg of this market sell off is coming. I'm sure all of you saw the Asset Bubble Chart.. I just can't believe we will be a part of something like this. I believe the short term bear market rally has about come to its end and we are heading towards another sell off. There is absolutely no news that can prop up markets at...

WorldEconomics

Today, we had the much anticipated Fed hearing and it did little to encourage markets in either way. This chart is based on what most experts, even the naive ones on CNBC are now expecting a modest correction of 15%. Checking on a few indicators here, we can see the MACD has crossed into bearish territory and couple that with the Fed raising rates, tapering, and...

WorldEconomics Updated 

With the Fed rising rates and tapering, we may see stocks selling off here shortly. Retail sales and other economics aren't doing too great either. But we're due for a correction

WorldEconomics

It seems like the market is ripe for a significant sell off. While mainstream news like CNBC and Bloomberg tell us that everything is rosy, the hard data spells otherwise. Just remember, these were the same people who laughed at economists like Peter Schiff in 2007 when they said a market collapse was coming. Truth of the matter is when anyone looks at the hard...

WorldEconomics Updated 

This is one of those charts that do not make people happy, because its not based on delusion. I keep looking through charts and saw people predicting $45,000 - 200,000 bitcoin. I ask, what are those charts based off? I have called them "just because" charts.. as the authors usually say "because BTC has continuously rallied in price". But you never hear of good,...

WorldEconomics Updated 

Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy. NGD is in line with its historic lows of 2008 and has only...

WorldEconomics Updated 

You've seen the news lately, the Federal Reserve has taken unprecedented actions BEFORE a recession has even hit. The Fed has already cut rates 3-times and restarted their Quantitative Easing, although not officially calling it that. Predictions and Possibilities for 2020: 2008 Style Recession. Dollar Run. Debt Bubble Pop. We can not sit and say...