With the close the UTC Time Daily bar Bitcoin BITSTAMP:BTCUSD has officially entered a bullish trend. The current price has closed above the 50% Retracement from the FTX collapse dip. What defines this signal is when price closes above the Daily Ichimoku cloud while the Lagging Span (Momentum/Chikou) is also outside the cloud. This is the first time since...
I carved out a win today on NYSE:PSA to start a trend off the Weekly 50% Level. This has a chance to run based on the technical setup as well as a possible secular bull trend if one believes people will need to store their stuff into a housing crunch. The initial trade began on a 30 minute timeframe spike (which unfortunately was not caught on Tradingview...
Bitcoin Bulls Are Back! Bitcoin has made a move not seen since March of 2022! The CPI print this month setup a major signal in stocks. What is going to be the best trade of 2023? Let's talk after the Friday closing bell!
What is the big trade for 2023? I think it is going to be BONDS. This is my thesis on going long NASDAQ:TLT to start 2023. I walk through the reason that when yields go up, bond values go down (as did TLT) and why I think that TLT is likely to go back up over the course of this 2023 and beyond.
Did you make any New Year's #Trading Resolutions? Have you already broken them? In this week's Livestream, the first of 2023, we'll go through my picks for the year and I want to hear yours!
I sold off some of my long term LMT holdings last week before EOY to capture some capital gains. LMT was a big winner of 2022 up over 37% and price was stalling at the All Time High. This morning I received an alert for an opening price spike that created a critical low at 469.35. This is not a spike I would take as a reversal to go long. Rather, I am watching...
As I mentioned in my 2022 EOY letter... with actual meaningful interest rates now a thing bonds can return yield. While bonds issued in the last decade (or two) are getting hammered in value as higher rate bonds are being issued presently. I think the market is pricing all of this in and if we do get a tapering of rate increases we will see bond values increase....
What’s up traders! As we close out 2022 I wanted to continue my tradition for the second year with a letter to subscribers. In this letter I want to look back on my 2022 speculations to see what I got wrong, what I got right, and what fell down the middle. I will recap the themes of the year and present my outlook and speculation for 2023 to come. Thank you...
Frigid temperatures and frigid markets hit the USA as we go into Christmas. What do the charts tell us about the rest of the year and into 2023 for stocks, futures, Bitcoin, Ethereum, and Monero?
Monero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over...
Let's talk about this big week as the market reaches a top!
The price action of 2022 has been dominated by inflation related news. The start of the recent rally began with the October CPI print where an expected 8.3% came in at an actual 8.2%. This was a slight change but the first sign that inflation may have peaked and thus the Fed might pivot from their interest rate hikes. The market has loathed higher interest...
Money Printer go less brrrr? A lot hinges on the last FOMC rate announcement of 2022. Let's hang out and trade it live...
Will the Santa rally kick off next week? Let's look for opportunities!
Back from Thanksgiving and markets are moving (equities anyway). Will SBF serve a day in jail? I want to start a pool... Was the FTX drama the last FUD to mark the bottom of crypto? Is the Santa Claus rally coming? Will I ask more interesting leading
Today those day trading the Nasdaq futures could clearly observe the classic "Yum" pattern emerge on the chart of CME_MINI:NQ1! Nasdaq future. This follows a touch of major Resistance; the 50% Retracement of the August high to October low following a major JPow rally from yesterday setting up a double top at said Retracement level.
The rally off last week's CPI has lifted equities but cryptocurrencies still lag. This week we will talk about some of the positions I am in, some more info about the FTX collapse, and talk about viewer's ideas. Santa Claus rally SOON?
This morning's 10am scan yielded bullish price action spikes on both AMD and INTC. I like the level that Intel NASDAQ:INTC is holding to for a swing trade. The first target will be a retest of this week's high. In the longer term after a very long bearish trend the chip makers have begun to turn. It is somewhat "late" in the turn from October but there are...