DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, 12 RETECH CORPORATION, ISHARES MSCI EMERGING INDEX FUND, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Blue or Red path?
I say blue with 70-80% chance.
The big Fang stocks are nearing peak earnings , at least for 2018, so a decent correction is immanent.
However many value stocks are deeply oversold so This Rally Has Legs.
My 1st Amazon Bearish Projection failed miserably, see below. This is the 2nd try.
The big Fang stocks are nearing peak earnings, at least for 2018.
How do I know? I don't but occasionally I have this 6th sense...
I Just Become Less Bearish on SPX500 -0.86% after seeing today's price actions. The numbers FANGs reported looked OK so the immediate downside is probably limited.
Below are 2 of my previous projections:
Essentially the same chart as last time but in more details.
SPX will very likely top around 2840 in a few weeks.
My newest projection of SPX500 in 2018, similar to my last one but a little more bearish this time.
Overall 2018 is probably a year with a lot of volatility but little progress in either direction.
A lot of triangles this year.
Sure it will be interesting very soon...
Natural Gas Will Frustrate Both Bulls and Bears for a Long Time before breaking out to the upside.
Most likely buy and hold Amazon from here will be risky and unrewarding.
Up and down...
I took consideration of equity market conditions, oil supply/demand and market sentiment.
The triangle puzzle will be resolved soon, to the upside.
For this setup to work, CVE will need to hold the support at $7.0 in the next few days and then rise quickly and decisively after that.
What a beautiful money making scheme Wall Street has mastered!