I realize this barely needs to be posted... but... I believe Gold has put in a bullish running correction. Simply, in the corrective A-B-C wave, C was unable to break below A. MACD has fully recharged and is now running back up. OBV shows consistent buying throughout (higher volume on up days). In my opinion, and barring some massive COVID related disaster,...
Yamana reported great earnings and increased their dividend. Near term the sector is overbought and may pullback or consolidate. However, long term this probably has a long long way to go.
TIP is in a strong strong uptrend. Where does it stop? Where does inflation stop? When do yields rise? Hmm.
Gold sector incredibly hot lately. Here's a fresh breakout out of a rectangle. Smaller name, maybe more risk.
Equinox is one of my favorite Gold miners. Today it held the bottom of a pretty long channel quite well. Broadly, the Gold sector is holding up strongly. There is still risk if the DXY wants to bounce off its extreme oversold condition, and that could send stocks and Gold into a correction. But I posted GDX to show that this name is small enough (and...
Since my last update, VeChain (VET) has jumped from 0.01 and touched 0.02. Greatly exceeding even my expectations. Since then, it looks to be forming another bull flag. I still expect much more growth from VeChain. Again, I don't plan on trading it. It could trade sideways and let the 200 MA catch up. That would be good, as it would actually worry me if it...
With stocks selling off yesterday, the best they could do was touch the bottom of a bull flag in Gold. The reaction today in Gold and Dollar suggests that if stocks sell off, people will anticipate more Fed easing and sell the dollar and buy gold: I am wary of a potential pullback in Gold (miners seem open to a pullback here) but this bull flag is suggesting...
Their economy is doing well. They made prudent decisions and are in a strong position currency wise. Could be a long term play if you have a down-dollar thesis. Daily chart shows a decent base around 50ma.
Assuming all markets don't crash here on a rising VIX, this recession play could get a decent run for a medium-long term play.
My earlier post showing a bull flag in Vechain against USD, BTC, ETH, seems to be resolving bullishly. Of particular note is the new highs against BTC. That's interesting. It could happen against ETH too. According to some report, Vechain is the #5 most used blockchain out there. Yet it is only #22 in market cap. I expect this gap to close over time. I...
I have been a long term holder of Vechain for a while now, sitting comfortably on a Thunder X Node just collecting the "dividends". I recently noticed the run up in crypto and decided to take a look at the space again... Wow! Vechain is doing things! A Nike shoe is being produced, tracked on Vechain: heraldsheets.com Something about infection risk...
Needs no comment really. Infinite money printing around the world. Rectangular breakout with a refreshed and expanding MACD. My account is something like 90% gold miners (SAND EQX ELYGF NSRPF WLBMF JAGGF FNV WPM) etc etc. I sell a little on up days, I buy pullbacks.
Thinking high level here... Where are the Trillions they print going to end up? Most natural place might be QQQ. Tech stocks outperform in (Hedgeye) Quad 3 Stagflation macro regime.
Healthcare is a bullish sector in this deflationary environment (Both Growth and Inflation slowing) Descending wedge potential, hourly momentum could be turning
I haven't posted in a while because the markets have been totally wild and very difficult. I hope everyone is doing well. Possible 2-4 breakout on Gold, inside of a large bull flag that held the lower trendline today. And uh, you know, all central banks printing like mad on top of a physical bullion shortage.
I had been watching this resistance level at 50.60 in AMD for a while, and today it broke out above. I think it's good for a run to all time highs and more. I mean, given how the market has been behaving, it's no surprise it broke out to the upside and is now running. But it's good to be patient, look for consolidations like this one in AMD, and watch a...