Perhaps this previous master of the skies contains the key to the overall market pattern for this decade? ie. A gruelling, lossy market with profits to be made by well executed timing strategies only??? FYI, BA's intrinsic value is no only $16.75. It was at least $250 a year ago. Short candidate?
Today, I am not going to call any particular market direction. Instead, I will outline what I see as the market possibilities moving forward based on my millennial and centennial analysis of human social economic conditions. In the first scenario, the market could continue rising in an insane blow off top bubble as shown. In the second scenario, we may continue...
Since I was kindly asked to update my views, I will make one final attempt to chart the market's centurion movement based on volatility. If there exists any correlation between the markets and reality anymore, then something like this should play out eventually to finally restore organic balance to the markets. However, after witnessing what has transpired this...
Never did I imagine it would take so many months for the Phoenix to recover from the March battle. Yet, what I observe now is that it has evolved into yet another deadlier form that could now devastate the market for eternity. (Not joking.) I was right about the first wave up in February. While this market rally has been so strong it has turned even most bears...
The channel lines fit perfectly. It also appears that the market's bullish impulse waves actually ended in early 2019. Does any of this mean anything? We shall see.
The USD, reserve currency of the world, is about to breakout from a VERY LARGE wedge on the same day that volatility spiked with historical volume and 10 year bond yields started rocketing. Is this yet another red flag for investors? A rising USD is another sign of impending liquidity crunch, debt implosion and stock market crash IMHO. It might mean people are...
I just posted about the sudden historical spike in UVXY volatility volume today. Now look at this one. Bond yields also suddenly spiked, with the 10 year jumping from from 0.65% to 0.785% (so far as the rate is still rising in the future's market). Now, I'm not a bond expert, but here is what I know. 1) 1-2 years ahead of major recessions, the long and...
Hmmm... Why such a huge volume spike today?! Largest in recent history, or all of history for the start of a volatility ramp?
I'm not sure many can deny that we are in the most bizarre market the world has ever seen. So, is it possible that tech stocks and especially FAANG-MT will continue powering to the moon and beyond, while everything else crashes?! It's a wild guess but I don't think I've seen anyone draw up a scenario like this one. (Warning: My downside targets on XLF are a...
LOL, it's very rare of me to write up a bullish analysis these days, but this is what the charts are telling me now. It seems that, in the most unexpected turn of events, 60+% of the stock market may be beginning the second leg of their collapse while FAANG and other mega caps like Mastercard and Visa may be starting a parabolic rise never seen in the annals of...
I will make one more attempt here to trace out the potential "super cycle" or "grand super cycle" bear market waves that I believe are still about to unfold. I am tired of the distortion caused by tech stocks in the S&P so will use the financial sector directly to try and map it out. Also, if markets truly continue to rise and disconnect from reality then I...
Metals crash. DGAZF goes completely off the charts and enters acceleration. Now bonds are flashing a cautionary red flag. How long will this completely disconnected, illusionary market rise continue, despite the imploding economy and these huge warning signs?
This may be my final attempt to classify the covid rally from a traditional elliott wave bearish standpoint. The length of the rally has far exceeded all expectations and can really only be comparable to the initial rally during the 1929-1932 crash now. However, that rally only made it to about the 0.5 fibonacci, whereas we are approaching a double top today. I...
I have refrained from posting for sometime now as this rally has gone on for much longer than expected and I don't want to be too premature again. However, while performing cross analysis of global markets, I discovered recently that both European and Asian markets led the U.S. markets by about two weeks. It seems probable that the same time fractal is about to...
Seems I was early in my previous analyses of AAPL. However, all elliott wave patterns seem clear and close to completion now. Is it really possible that AAPL can collapse into 2021, and further into 2028? If EW works, then it is exactly what it suggests. We shall see how the future unfolds, but at minimum, it is definitely time to be cautious on this stock...
While most traders and market analysts seem to be glued to the short term, I believe this longer term picture of the financial sector is crucial. In my eyes, the structure that has formed since the Feb 2020 top greatly resembles the topping pattern of the GFC with respect to price action and RSI divergence, except it is clearly a larger structure. Therefore, the...
I have readjusted my time fractals and short term price targets based on the very extended bear market rally since the March 26th bottom. Due to how the market has behaved and where prices have gone, I now believe we will see a 5 wave elliott structure in the second down leg that could last well into 2021. Thank you for your interest everyone and I will again...
The chart says it all. Red Alert. Shields up. Prepare to engage or flee.