With Equities currently testing their upper resistance for the third time its critical to watch and see how the next few events are received.
The S&P500 is testing its upper resistance (~2665-2675) for the third time.
I think we are headed to see the S&P fail to mark above this level and again continue to consolidate sideways.
Consolidation would be expected...
I am a believer that this bear market is not over.
seems unlikely to me that the longest Bull market is followed by the shortest Bear market (I stole that).
Since the advent of QE and massive Central Bank stimulus programs Volatility has been suppressed significantly.
Technically the VIX volatility index at ~$18 is a buy in my books.
Got in last week just below...
Bearish on $BABA:
I believe the recent equity rally is long in the tooth and were bound to see a selloff, possibly to new lows on the S&P.
If you're bearish equities like me, BABA looks like a good short here.
Looking to see a confirmation close down to indicate a reversal of direction.
The inverse correlation of Stocks and Bonds have been quite telling in the recent months of equity volatility.
The 10Y yield went from 3.25% in early Nov to lows of 2.55% as participants flew to safety in treasuries.
In the last couple weeks as equities have recovered from the Dec 24th meltdown, treasuries have been sold with yields resting now around...
The S&P doesn't usually rally 14% in less than 4 weeks.
With 14 of the last 16 trading sessions closing green, I am inclined to fade this rally.
I cant help but see the eventual capitulation for risk assets as the global economy shows signs of turning over.
This IS a bear market rally and will come to an end. I am looking for resistance around 2700, I had thought...
With earnings season kicking off this week you should be watching to see how the market reacts to the reports.
The S&P 500 has been trading range-bound for the last couple days as it continues to retest the 2600 resistance.
I expect that 2600 will continue to hold lots of sellers and a breakout is less likely than a breakdown.
With Apple, Samsung, FedEx and the...
Watching to see how the Euro is received in this support level.
For the past couple of months the Dollar has been trading relatively range bound.
Dollar Euro is the largest component to the Dollar Index and should be watched for a break.
We saw the Yen post a massive rally against the Dollar last week and if the Euro breaks out Dollar will breakdown.
I am not...
CAD recently broke out of its 3 month depreciation trend.
The Dollar has been looking weaker in the last couple week, against Euro Yen Pound.
I am really watching to see what the Dollar does, CAD breakout is just something interesting.
Main components are Euro and Yen..
Watching the Dollar to see how it acts around the lower end of this trading range.
Dollar has been trading sideways since Nov.
Expectations of Fed rate hikes through 2019 has no doubt been a tailwind for the Dollar in the last couple months.
Depending on how quickly Powell changes his attitude and language in the coming (now every 6 weeks) FOMC press releases,...
Bear markets are full of these face ripping rallies, which should be faded.
My prediction is we come to retest 2500 - 2550 area, make a new lower high.
Looking to get short but not yet.
Dec could close at 2550.. or could capitulate from here.
TWTR has shown unusual strength in the recent tech selloff.
Historically $26-28 has been a major support and provided buying opportunity.
Looking to see how TWTR reacts around this level, could offer a good long opportunity.
Market dependent.... crazy fkn market too...
Typically I have seen that when everyone is on one side of the trade its quite easy for the market to make fools of the participants.
The speculative short position on US treasuries, specifically the 10 year, is massive (and for good reason).
While I remain a longer bear view on these treasuries I think we might end up seeing a short squeeze before we see 3%...
Amazing bull action in the last couple days and 24 hours specifically.
After the brief dip below the 200SMA we bounced back and rode for while only to break above previous levels of 9500.
It seems hard to believe BTC will run back up through to the 15000 level and above... but we know how this pump seems to go.
Wondering if the sentiment can really change that...
We need to break the 24,800 level of previous support from back in Dec to continue this bull run.
I suspect if we cannot break the previous support level, possible resistance, we may trade sideways for a couple months.
Just food for thought.
Fat America is still alive and well.
Last I checked the Fed isn't hiking the Burger rates.
MCD continues to perform and even if we see some flatness and downside in the next couple weeks this is still a good buy.
Bearish on the average Joe's ability to choose proper sustenance
Bullish on burgers and fries.
Also check out KO for a nice cheap beverage to quench...
While the overall markets are still full of uncertainty and fear over hawkish moves from the Fed remember that markets don't always go up.
This is the dip you said you would get into stocks on.
So many S&P giants trading at the 200 day SMA. I bet this will look like an amazing entry in 6 months from now.
We all know AAPL is a big player and unless the markets...
BTC took an L over the last month but might be time to bounce back.
While I still have no faith in the sustainability of the Bitcoin network I am sure the average Joe BTC buyer isn't concerned about hash rate and energy consumption/transaction.
Above the 200 for the 6 days after that 48 hour dip of despair.
With some small drops below the 200 to soon be eaten up...