I've basically ignored Vechain for a few months now.
I'm surprised to see it all the way back to its bear market lows. Volume seems to be drying up on the push down, momentum diverging.
I'm locking in my upgrade from X Node to Thunder X Node here. It's so dirt cheap now. A Thunder X Node back in the day would have been WAY WAY out of reach, a total pipe...
As a confirmation to my overall bearish equity view, VXX refuses to sell down below support.
Zooming in, today's bottom is also yesterday's high. Fractal nature of markets.
No position in VXX. I already took profits on the morning's pop. I am short other things like XLF and FB.
I think there will be follow through, but don't want to short the market into...
Palladium has been on an absolute tear recently, its massive rally in the second half of last year puts even gold to shame. It's one I wish I didn't miss out on.
Could it be consolidating, in this bull flag, for another major move higher? After all, Platinum is catching a bid too. They could all rally together on a precious metal bid. Or, it could be...
Looking at a trendline break on a very long term chart.
A dip or backtest could be a buy in Platinum futures, bullion, or stocks like PLG and SBGL.
OR, it could just blow up from here because people suddenly wake up to the trillions in negative yielding debt around the world, and rush for precious metals and anything tangible.
T is losing a rising wedge here, it is -0.6% on a day when the stock market is having a FOMO bounce.
T could get even weaker when the general market rolls over.
Fundamentally, a weakening economy makes T's massive debt burden harder to bear.
Would look to cover somewhere below the 50ma.
As we face a possible recession, lower interest rates, and future QE, real estate sounds like a good investment.
Indeed, as the stock market sells off we see this technology REIT, EQIX, poking at new highs in an ascending triangle. I've been watching this hoping for a pullback, but it hasn't really come. In hindsight, this REIT and others have performed amazing...
PINS broke out of a rectangle consolidation yesterday and is backtesting it today.
I like them as a company, could see a lot of growth long term.
Prudent to wait to see what happens with Powell talking tomorrow, but this one is for the long watchlist.
This morning, futures wanted to start the SPY higher over the 293 and over the 50ma.
But they promptly sold back down, on accelerating volume. The intraday bounce so far is strong, but on weaker volume.
If this situation doesn't improve fast, it could get UGLY for markets. That means Powell needs to sound very dovish tomorrow. My guess is, they are...
Two hammer candles over a gap, on a declining volume. Pretty bouncy for a dead cat. That leaves a lot of room to fall if markets want to go down.
Have to be very careful here, I would normally only short weak garbage companies. This one is also big in the ETFs and thus receives any PPT rescues. I may just watch it for entertainment.
Watch it very carefully...
If you haven't been paying attention, global macro data has been HORRIBLE for months now. Bonds and gold have been signaling a massive recession coming.
KOSPI, SHCOMP, DAX all crashing. Caterpillar (CAT) now breaking down.
It's something of a miracle that the S&P and US stocks have survived this long.
Well, if IWM breaks this huge H&S down, look out below. ...
Morning weakness has extended and now this bear flag is taking shape. I would watch carefully any bounces inside this flag. If the bounces are weak, one might consider increasing shorts with a stop above the flag.
I covered my fast shorts from last week. Still holding put spreads expiring in 2 weeks, bought last week so paying nicely.
Instead of chasing the move late last week, one could have waited to see a backtest today. This can be a spot for fast positions.
It can trend toward 31 before hitting larger resistance.
I don't think it stops at resistance, because of the extremely strong gold/silver bull market. But, 31 would be a place to reduce leverage or reduce risk.
I made a bunch of money on the last run up, and then lost a bunch bag-holding it for many months.
Now that the Gold & Silver markets are alive again, an interesting rhyming of history is occurring.
Assuming we are in a Gold & Silver bull market, is this current 1-2 setup complete? Does it really matter if we are in a bull market? The current 2 certainly is a...
Target sold off hard and recently put in a bear flag. It's breaking down out of there now.
I entered short yesterday via some Sept put spreads.
This is a highly inefficient company (relative to AMZN and WMT) running into a coming recession / depression. XLY sector was a short yesterday, but I didn't really want to short AMZN, so I picked what I think is one of...
One of the core holdings in this growth-slowing environment is having a good day.
I'm long shares of VNQ that I don't really touch very often. Sometimes when I see them oversold I leverage up with calls, but I missed this recent bottom.
There was a break downward but that recovered quickly. It's now poking to the upside. I think this can be bought on any...
China stocks are getting destroyed by currency devaluation and (what I think is) the popping of this global bubble. Unlike charts of BABA and BIDU which already look very oversold (I think they go lower but it's a more difficult risk/reward setup for medium term).
Here's QD with a big wedge that's ready to break down.
Double top 9.20 is a good, wide stop level.