Price target: $70.00/share
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting $AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.
1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is why...
Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops.
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
In order for the next bull market to occur, we need...
1) The top in the Fed Funds rate
2) The top in US10Y
3) Top in USD
4) Economic stability
Fed Funds & DXY still surging higher.
Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities
There are more significant tailwinds that will push commodity prices higher in the longer term.
DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the...
The correlation between the 2Y & gold indicates that when the US2Y peaks, there is a US recession & gold rallies to new highs subsequently after.
** 1 = Peak in US2Y ( 1989 ) did not see a rally in gold because gold was depegged from the USD in the mid 1970's.
2 = Peak in US2Y ( 2000 ) saw a massive rally in gold as investors look for a safe haven from the...
Sentiment: Extreme Cautious
US consumers are being forced to pay more for basic needs -- food & gas (blue line)
As a result, they are saving their cash (red line) & not investing (white & yellow lines) in preparation of the uncertainty that lies ahead.
Blue Line - BLACKBULL:WTI
Red Line - FX:USDJPY
White Line - SP:SPX
Yellow Line - TVC:GOLD
When price gets near, around & below $27K handle, look to buy . Targeting $30K handle
The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels.
Price Target : $30,000.00 BTC
When price gets near, around, & above $30K handle, look to sell ....
Base Case: "The Final Rally"
Blue dots provides good dates & price levels to enter short or long position(s).
Entry Price: 11,500.00
Entry Date: June 6, 22'
Price Target: ~$14,350.00
Date Target: Mid to Late Aug. 22'
Entry Price: ~$14,350.00
Entry Date: Mid to Late Aug. 22'
Given the current macro risks to global markets, I anticipate markets enter the late cycle starting from Mid-to-Late July lasting until Q1 2023 for the oncoming bear market.
Entry Price: $30,000.00
Entry Date: Late July 22'
Price Target: $36,500.00
Date Target: Jan. 23'
Entry Price: $36,500.00
Entry Date: Jan. 23' - Mar....
US Equities are experiencing broad base revaluations due to excess demand in the markets from the 2020 Stimulus. As a result, current markets are survival of the fittest & higher interest rate environments do not suit equities. I believe the markets are currently pricing in the highly anticipated two 50bps (FEDS FUNDS RATE) on June 14-15 & July 26-27...