I remember what it felt like in October when markets topped. That first ugly looking weekly candle was met with disbelief, because the rally had been so strong. Oh, it's just a small dip, it will recover and make new highs like it always does.
This week, it's more of the same. Most people are still wildly bullish. Markets have been wildly disconnected from...
This long bear market is so overdone that I barely care about cryptos anymore.
Vechain 9ema is about to cross up 50ma, again. Even if it fails again, it's much a matter of time that we run out of sellers.
The bull flags in BTC, ETH, LTC, all look convincing as hell. ETFs coming online, JPM launching their own crypto. Don't you think they'd benefit from...
YGYI has held up nicely above its 9ema and 50ma, and is now attempting to break through its gap resistance.
Its 9ema recently crossed over its 50ma.
Buying the breakout would perhaps be a safer play.
Buying here with a tight stop below the 9ema or the trendline is also a good risk/reward setup.
Vechain's 9ema is now crossing over its 50ma. This is while Bitcoin has a bearish bias.
Visually there is a series of 'cup' looking formations which usually indicate accumulation. Can't lie, I myself have been accumulating. But I'm small fish.
Here is VETBTC and VETETH, which show uptrends and breakouts over the...
IF the world is not falling apart, AND stock markets are recovering, then AMD looks good here.
9 EMA crossing above 50 MA
50 MA curling upwards
Price perched right on 9 EMA, 50MA, and 200MA, offering a variety of support and stop levels (200ma not shown)
Small bull flag with shrinking volume
Look at what happened when the 9ema crossed over the 50ma last time, in...
My short term outlook:
VIX could crash to support early next week and reverse. I expect stocks, SPY to cool down for a few days to a week.
Nothing to bet large on, but I may enter 1 or 2 VXX calls. Total risk maybe $300.
Meanwhile, the pullback should offer a good entry on marijuana stocks or other value stocks. Risk management is paramount in this...
My favorite crypto, Vechain, is on the move. I see no reason why it can't follow ETH and LTC to test its inverse H&S neckline, as well as the 50 DMA. After a brief pause, I expect it to rally into a bull market. I suspect it will be a strong bull market, because 2018's crypto bear really wiped sentiment clean. Furthermore, as time goes on, in my opinion, the...
Looking over the charts of markets around the world, SPX, EEM, FXI, Russia, it would seem the world is plunging into a bear market.
Yet this chart of Brazil looks oddly bullish, especially after the 10% pop yesterday. Poring over the news, there could be something happening in Brazil's government that is pro-economy.
No position, as I don't think anything...
This inverse head & shoulders is going to attract a lot of investors.
The stock market is deflating and that money will gradually find new homes.
It's funny how during the bull market peak, I was irresponsibly adding large amounts of money. Now, it feels scary to add the same amount. Yet I'm about to buy ETH at $130 instead of $1000+.
Buying here, an amount...
The SPY here has overshot a AB = CD decline
The SPX is some 140 points below its 9ema, a very rare condition.
Intraday, they are stretched below VWAP.
The Put-Call ratio peaked at some 1.8 yesterday, an extreme level.
And in cycle timing it is due for an ICL.
I DON'T expect a rally today, or on half day Monday. But late next week we should see some kind of...
I have been bullish on precious metals and have lost a good chunk of money. Despite the extremely bullish COT levels and deep oversold conditions we saw at the last ICL, it just wasn't time for a big rally.
Now, I feel like sentiment is very morose. People have given up on gold.
Now, gold has already burned too much time this IC, and a big rally from here...
XRP (Ripple) is probably the only crypto that is above the 50ma, relative to Bitcoin. While I don't track very many cryptos, this could be a positive sign.
One more dump should allow XRPBTC to tag its 50ma.
My guess is a multi-week rally in Bitcoin + all cryptos where XRP outperforms. Then back to grinding bear market.
Setting a limit order at $0.256 for XRP.
The daily chart of NATGAS is showing a bullish break out of a bull flag.
However, the long term weekly chart shows it hitting resistance and very overbought.
This could play out as it did in the past: a double top. It could rally another 10% before hitting resistance and turning lower.
This could be supportive of the inverse behavior in USOIL; they tend to...
- Weekly Stochastic rising out of oversold
- Weekly MACD almost crossing up
- Appears to be in an area of support (2015 and 2017 highs)
- Above 10 WMA / 50 dma
- Solar sector has been performing recently
- Roughly 10% stop loss is appropriate, size accordingly
Emerging markets they have been battered heavily in the last year.
(skip this if you don't want my fundamental take)
The Fed interest hikes have caused US Dollar Strength and a large amount of $ denominated EM debt is becoming unpayable. Along with the Trump Tariffs, this has caused much volatility overseas. The US is making a strong attempt to disrupt...
I believe we are in a long-term, deflationary bear market. Trading has been choppy and difficult.
However, many charts are reacting bullishly to yesterday's comments by Powell. It may be time for a "risk-on" rally and some low-risk trades might be available.
Here, energy stocks are showing a slight break from a descending wedge.
The MACD and RSI are showing...