Haven't checked in here for a while. Been doing lots of morning activity/trying to be done with markets as early as possible. But, I have to return here once and a while because 200 people follow me, which is pretty cool.
I'm looking at a big cup and handle. NQ has been climbing hard, and when I was trading it this morning it was money on the short side. Look for...
S&P is looking like a big drop lower if the december lows give out. And as long as we don't head to a recession, which I don't think we are, we will eventually make new highs. That means if you can stick out some turbulence you could get a profitable ride back to the top.
We are in the seasonal twilight zone where the market doesn't know whether it is going to continue with the santa rally, a rally that was conducted on relatively low volume, or look towards January and February with a bearish mindset.
In 2021, the bearish sentiment was greatest during this deep winter period, then the greater market continued to make newer highs...
I am very tough on Rivian in this analysis.
You can plainly see there was an IPO frenzy, and now we are looking for reality. If I am a bull, I am looking at this and thinking: 'maybe I will just wait for someone else to get the buying started'. That is one of the psychological factors that plays into the bear strength. Not doing anything is what the bears want,...
It's probably a fine company longer term, but at the moment it is backsliding into new lows. If it's not bought up quickly, it may be trapped under a new ceiling for a while.
The only benefits I see for NIO is that it has a longer range battery than tesla, but the price tag of $100k+ for any model and not having total technological superiority isn't a market...
The big thing for me is wave 4 retracing wave 3. Part of me is saying don't think too hard about it, and the other part of me is saying that this wave pattern is broken, don't be a dummy. However, sideways does not mean down. Last time bitcoin did this it took a while to recover, but it did. The sentiment was much more bearish at that time, in my opinion.
I hope this is the right chart. Trying to incorporate a little more fundamental into my outlook. Truthfully, I think "blind" TA is the ultimate, but I don't want people to think I'm an unfeeling monstrosity. TA is too useful to ignore. Fundamental, on the other hand, can be glitchy.
uranium is possibly an emerging market. as governments look for more ways to meet their bottom line energy requirements, uranium is looking like the new oil. But you can't openly bid on the uranium market, probably a good thing, so here is a uranium stock.
Is this a good uranium pick? Is there a different one you are looking at?
very neat market behavior. But it's stalling at the top. Not paying attention to news cycles, and only looking at the bullish reaction of the .5 level, this chart tells us that we will be back in the blue sky before long.
sp keeps getting taller. i guess nothing really bad is happening in the world besides Manchin trying to starve poor people, but I guess that one doesn't register on the stock markets list of concerns, so up we go!