momo reported good strong earnings numbers. still price doesnt seem to reflect growth. price values low price to sales and price to earnings.
bitcoin chart is continuing to threaten lower. 20k in site. bullish trend would need rise above 50k to change trend.
corporate debt etf, mbb mortgage backed securities, and tlt treasuries all have similar price action. could the fear of inflation be hitting the debt markets and be the cause of future stocks sells offs as risk taking fades in both?
After Elon tweeted it will no longer accept bitcoin as payment for cars, Bitcoin is selling hard to the support line at current prices. High probability that the selling could continue in this profit taking environment as inflation fears uptick on cpi info.
chart of percentage of stocks over 200 day moving average. chart show many more than usual stocks are above their 200 day moving average. also, volatility and implied volatility is low.
HMY Harmony Gold as been in downward channel and is near supporting moving average 200 ish MA. Watching for bullish behavior. Stock is relative inexpensive in price to sales and future price to earnings. If inflation theme continues, gold stocks will have favorable demand and sales growth potential.
market will decide in next few days which way to go. price discovery in action!!
bad action in crude oil. at support and threatening lower.
on watch for bearish action. failed to break out and threatening moving averages. if continues, support lower will be sought.
be careful, macd is warning of diverging momentum. breaking below 50k on btc and heading toward 40k will confirm trend reversal, if occurs so. Breaking above 60k resumed bullish trend.
bad bad sign for investors if shares keep being threatened for delisting. confidence will be shooketh.
waiting to see signs of life in gold stocks. below moving averages still and no signs of upward trend yet. but willing to consider buy stop orders to get pulled in as rises, IF RISES.
distribution detected. moving averages crossing bearish.
gold and gdx could regain upward momentum soon.
could this be a bear flag? below 65 day moving average showing signs of selling and supply?
daily trend forming and support base has formed. benefits from oil and non dollar action, and its china with their gdp growth potential.