All media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern...
Gold bugs about to get crushed as price hits the high? The markets of warm months continues leaving everyone to ask... where is the opportunity? Is the Bitcoin blockchain getting too clogged?
Back from a vacation to the happiest place on Earth! This stream I'm going to get caught up on the week's price action with market recaps and positions summaries. Bring your symbols to look at to bring me up to speed on opportunities!
TSLA finally hit the Retracement Level I have been watching for months... is it set to launch and/or blow up like Elon's Starship? Stock market is still at a MAJOR Resistance. When is crypto going to move?
Some of my trading friends on social media thought I was crazy to short Tesla NASDAQ:TSLA in February after the January 2023 rally. To me it was obvious. There was a confluence of 50% Retracement Levels that I absolutely had to take a short. When you have a large trend ALWAYS mark the 50%. Take off the other Fibonaccis as they will confuse you. Once you...
Tradingview bestowed WIZARD level to me for my trading wizardry! Let's talk about stocks, cryptocurrency, and the "Banking Crisis"
Thanks to one of my Stream viewers @Casey_Louis for bringing NYSE:ONON to my attention. Many folks in my family love these shoes (my nephew even has the toddler versions). I like the initial survival of the 50% Pullback to $20/share. Now price is heading up for another leg. I do not like the breakout for myself... the reason being the initial IPO price just...
Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right? Well, like all panics, the fear abates and we can now see that said crisis amounted to only 3 banks failing for specific and now well understood reasons. ...
Preface and Disclaimer: I have a long term stake in Truist Financial Corp NYSE:TFC :( I wondered "why" Truist, company I have held for a very long time (when it was BB&T) would have been caught up in this contagion of small bank risk fears. An article by Seeking Alpha sheds some light on it: seekingalpha.com TL;DR, over the weekend analysis dug into their...
A LOT to talk about this week: LEI (Leading Economic Indicators) pointing to recession, Ethereum Shanghai upgrade rocks the price of ETHUSD, China rattles the sabre over Taiwan, and my own trading methods under evaluation!
Today's CPI data (down to 5.0% from 6.0% YoY) created interesting and actionable price action this morning... more on my thoughts about it later. Technically the data release created a Spike Alert by punching through the pre-market high and then closing back inside it before the cash open. This is happening within two important contexts: A double top for...
The LEI (Leading Economic Indicators) has a great track record of predicting recessions. While a recession has been much anticipated for many months... now the data is coming in to actually support the possibility. What does this mean for Bitcoin? The two most important data points we have (because we don't actually have a major recession to draw upon in...
Q1 2023 is over today and we are technically in a bull market as the bears capitulate!
Yellen saves the Puts! Has the recent market rally (in stocks and crypto) stalled out? Let's look at the charts and talk the White House Economic Report.
Let's hang out and trade with our buddy JPow
This is a followup to my Bullish trades on Bitcoin since 2023 (see links below). I highly suggest you check them out to see how to find opportunity before it late into the move. So now it is time to start marking off Resistance Levels as this bullish move matures. The reasons: This is still a crypto winter and this is a bear market rally. Crypto trading...
I had an alert set for Travelers NYSE:TRV that hit this morning. It is the 50% Retracement Support on the Daily for the last 2 quarters of price action. This sets up a good long to retest the high should the level hold.
To trade... or to DCA (dollar cost average)... that is the question. I want to explore this using Bitcoin (BTCUSD) as an example. We will also dig into the deeper reasons that banks are under stress this week. All that and the weekly market update.