Note Gold's cyclical bottoms. They occur ever 24 weeks (6 months, 1/2 year)
They can be offset, early or late, but they occur with regular frequency.
Lesson: Wait for the 24-week correction to enter Gold long.
NVDA has gone utterly parabolic. The rush for the doors will be crowded...
Projected EPS growth next year: 9%
Insider transactions over past 6 mo.: -20%
95% above the long term consensus of value (50WMA)
The DXY has surprised everyone, breaking out to multi-year highs.
Price is currently stretched 13% above the long term consensus of value (200WMA)
RSI and MACD show negative divergence
Should the dollar reverse and close below $100, a powerful bear trap would be elected. A topping or engulfing candle would attract attention
The smaller time frames...
Seems like all anxiety and fear in the market is gone. I am hesitant to believe the market will receive Trump with such benevolence longer term. The market has reacted as the new president has eliminated bureaucracy and inefficiencies in the government. His policies remain rumors at the moment. Nothing is official yet.
The VIX spiked pre-election and crashed. It...
We have been hearing a lot of bearish sentiment on bonds recently. Many proclaim the death of the multi-decade bond bull.
We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new...
Very difficult to get the timing right, but I believe we are nearing the top of the epic NASDAQ-100 run. Prices could consolidate or levitate upwards for weeks/months
Price is currently stretched >20% above the long term consensus of value (200WMA)
Price is forming a bearish ascending wedge
RSI is showing negative divergence
MACD is rolling over
What a day! in attempt to understand how markets function, I postulate what could have happened. The following is for entertainment and education is not actionable.
On election night, after Trump was elected, the SP500 crashed 110 points (5%) before erasing all loses and spiking 130 points (+6%). In an almost perfect mirror of the Brexit...