OCGN US manufacturing set to BOOMWhen I was but a young lad, matching games were my favorite... Do you see the similarities in the ellipses here? Identical but different scales second ellipse is nearly double the first.. could this go to above 20 soon? Dont take my word for it just an interesting thought. I mortgaged my house and sold my truck for these calls....Heavy in calls so cheers to retirement... kidding..trade safe trade smart!
Good luck. Be sure to like and share! Check out my profile for these charts or DM me for more!
Did you see my last AMC callout...?? At 9$? and before even lower...
Coronavirus (COVID-19)
A Total Market continuation patternLooking at the Total US Stock Market (VTI), we can see an obvious arching formation to the Covid-crater rebound, like the decaying upward trajectory of a thrown ball. This trend is characterized by short intervals of consolidation followed by breakouts that exert less upward momentum than the prior breakout. Each of those consolidation phases knocks the rebound's trajectory down a notch, manifest as a lessening of its slope angle, as depicted above. If that pattern continues, this post presents a trend range we might see.
Big picture, this arching over probably is not a prelude to an end-of-the-world crash but a gradual slope correction into a long-term trajectory matching the long-term pre-Covid slope. Since March 2020, the upward slope of the US market has been exceptionally steep, too steep to sustain. So the market has to correct and the pattern of consolidation followed by lesser breakouts seen above is a predictable necessary process of correcting the market into its less steep long-term trajectory (which I've shown in other ideas posted). The arch is 'the invisible hand' dialing back the post-Covid crater exuberance.
Another Covid Crash?I'm seeing a lot of similarity between the Covid crash and current day.
WHAT HAPPENED DURING COVID CRASH:
-Closed red at the end of Friday
-Gapped lower on Monday
-Broke support levels and then smashed through the 200 EMA (4H)
-Retested the 200 EMA (4H) but got rejected
-Dropped another 30% before bottoming out
SIMILARITIES:
-This Friday we closed red and we broke down from a multi-month rising wedge
-Bump in volume similar to Covid crash
-RSI value similar to Covid crash
-Bearish divergence similar to Covid crash
KEY TAKEAWAY:
-If on Monday we gap down, then we need 200 EMA (4H) to act as support
-If we break that, then the likelihood of another crash increases
-A pullback of similar magnitude to the Covid crash would take us down to $280 for SPY (seems to be some support there)
Indonesia COVID-19 - the next wavePresuming that the testing is done properly, the daily chart is indicating that the next COVID wave is upon Indonesia in its initial stages already.
Mid-June 2021 should see the wave hit the shores hard, and media coverage appear then...
Stay safe and be well my Indonesian friends!
INDONESIA COVID-19 - the next wave part IIWas just speaking to a friend in Jakarta. As expected it is getting worse, and hospitals are about 90% max capacity. the chart had projected the wave since 24 May.
And now is projecting that by mid-July 2021, it would have exploded and overflowing.
Trading Idea - #CUREVAC (hope for the mutants)THE BIG LONG! Vaccine for the Covid-Mutants! :-)
ENTRY: 44.20 EUR
TARGET: 90.00 EUR (104 % profit)
STOP: 32.40 EUR
- This is only an interim analysis result of the CUREVAC Covid vaccince!!
- Initial analyzes have shown that the effectiveness depends on the age group examined and the virus strains, the company continues.
- The vaccine candidate is in the final stage of clinical development.
- CEO Franz-Werner Haas announced that one had hoped for stronger results in the interim analysis.
- But continue the current study until the final analysis.
The DAX Battle: You predict, We follow On the DE30, price has been ranging inside this wedge since many weeks without any success to go out of it. Now, as the path becomes narrower, it's time for a real battle between the buyers and the sellers. The buyers of course have a higher winning ratio since the world is recovering from the covid-19's pandemic that has drastically hit the industrial sectors in every country.
Now let's see what are your predictions for this one !
ByeBye Covid ... tourism restart to fly with TripadvisorThe algorithmic advisor Marketmiracle provided on Friday an input signal for the title $TRIP Tripadvisor .
The target price signalled from the advisor does not arouse a particular interest but of sure it has sustitato in me interest for a Stock that in this phase could really do very good in the medium / along period.
Tripadvisor in fact is recognized worldwide as a reference portal for tourism in general and at this time that the covid is loosening its grip could be just tourism and the desire to escape everyone to fly the title.
I wanted to verify the title from the fundamental point of view on portals that I use for this type of analysis and the title is seen decidedly underpopulated with respect to its fair value that obviously at this time is much under tone compared to a time when tourism was fully operational.
Analyzing the title on the chart I would expect a price action similar to the one I described, I expect that the target of Marketmiracle is not respected and that the title continues its climb upwards, but it is appropriate that everyone should evaluate the situation with his own eyes and opinions.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
UPI -- Fundamentally undervalued; multi-bagger candidate!UPI is ridiculously undervalued at $15M mkt cap and is a potential multi-bagger candidate from these levels.
- Close to $10M in revenue in 2020 and is on pace to at least double it — recorded $1M in sales in the first week of June!
- Profitable, no debt
- Exclusive distributor of the 20-second non-invasive (finger scan) COVID-19 test that is currently undergoing clinical trial at Toronto Pearson Airport and could be a game changer!
- Other products include COVID-19 virus elimination tech using UV lights, thermal detection and air filtration
- Expanding to the US
- Insiders are buying in the open market
SINGAPORE COVID-19 Wave 3 Projection Update VIIFinally! The MACD histograms are heading further down, suggesting that we are moving into the clear and probably have control over the current wave. The week is "over" and weekly chart documents a retrograde. Looks like we are coming out of this on June 13th!
LHDX PATIENCE IS A VIRTUE - ONCE BROKEN (IF BROKEN) MOONSAll,
Was starting to question LHDX down here. Now it all makes sense. Double checked it lower frames as well. if we can get a break it's home free.
Best Case: Breaks and I think we see $9-$10 with ease.
Worst Case: Double bottom original big move and breaks both resistances.
The Dollar INFLATION Is HERE? Let's Find Out!
Hello,Traders!
The fears of inflation are now the reality, with the official FED number showing that inflation went from 1.6% in 2020 to 4.2% in April 2021, which means that the situation "on the ground" is even worse. Even just by looking at the charts of lumber, copper, and other commodities, while finding out that all the cars in your local dealership are sold out a year ahead, and the car prices are up, with the FED and the Treasury competing for the number of zeros on their official operating papers, the thoughts of «shortages» and «inflation» are naturally creeping into your head,followed by the question of "how it all came to it?" And while the Covid-19 and the lockdowns are the obvious culprits, the details are interesting. So let's dive into the mess of the Covid-19 consequences to find out.
Generally, Inflation can be caused by any of the two components: excess money supply, directed towards consumption, as opposed to investments, or goods supply shortage, with the unchanged money supply.
In 2021 we seem to have both, but the details are quite peculiar.
Let's deal with the excess money supply bit first, as it is kinda obvious: In march of 2020, the FED added 2.3 Trillion dollars to the direct asset purchases program, while expanding indirect liquidity by relaxing bank reserves standards, and relieving other regulations of the money markets to facilitate lending and prevent broad money contraction. Most of that money, however, went into the financial assets, inflating the asset prices, which can be seen by looking at the prices of Gold, Bitcoin, S&P500, and other key benchmarks.
U.S. Fiscal Policy bit, however,was more directly relevant to the consumer goods inflation.
Throughout March and April 2020, the U.S. government passed three main relief packages and one supplemental package, totaling nearly $2.8 trillion. After the passage of the supplementary package in April, nicknamed "stimulus phase 3.5," there was no substantial action on COVID-19 stimulus or relief from Congress for several months as each party proposed their own stimulus package.
Then, after the election of President Biden in November, a $900 billion stimulus bill was passed in December 2020. Another $1.9 trillion American Rescue Plan, was signed into law by President Biden on March 11, 2021.
3 Trillion Dollars was actually spent so far, the remainder being available to congress for allocation.
Most of that money was spent, not invested, and came from borrowing, not taxes, which, would have added to inflation even without the supply shock.
The supply side of the equation, however, looks much more complicated, but we will dive into that in the next article, tomorrow!
If you want to read the most interesting piece, please like comment, and subscribe!
COVID-19 tracking SG and her neighbours (MY, ID and TH)Looking at the weekly charts...
1. All, except ID, are increasing in Wave 3, with differing levels of acceleration.
2. ID may be having an uptick...
3. SG's momentum is still strong for another two weeks at least.
4. Both My and TH have strong momentum to further increase. MY's situation is bad enough with TH's situation being worse.
Overall, the three neighbours have at least another 2-4 weeks of the wave to ride out; of which the northern two probable take months more...
PS. Previously described, the MACD and MACD Histograms are very useful in projecting the virus infection waves. Used here for personal monitoring and analysis. What this simple tool identified does is to allow an advantage to be ahead of the curve instead of being behind it chasing the virus as it silently sweeps across the population.
SINGAPORE COVID-19 WAve 3 Projection Update VIAs projected, and not optimistic and overconfident about the downward momentum, the MACD Histograms are again increasing, and about to break above zero. This leads into the insight and foresight that the week to come should see more detected cases, and also more clusters probably.
We need to understand that virus infections work in waves, and this method allows a reliable tracking based on data analytics, simply on the MACD histograms.
PS. apologies for the mislabeling of colours of the arrows in the last update. Rectified.
CHINA COVID-19 Projection Update IIAgain, reference idea posted on 19 May, China is a "small" wave two weeks later; Guangdong province.
News articles:
Today 4 June - S'pore to bar short-term visitors with travel history to China's Guangdong province as Covid-19 cases surge
2 June - China’s Guangdong tightens coronavirus measures as cases persist
21 May - China rolls out one-dose vaccine amid new round of Covid-19 infections
No Guangdong at this time... only Yunnan, Anhui and Liaoning
Again, the MACD Histograms are pre-empting the waves, at least 2 weeks in advance. This time applicable to China's data.
SINGAPORE COVID-19 Wave 3 Projection Update VAn update to just say that the numbers are really looking really great now, with the MACD histograms falling and going below zero, not only for the Daily, but also for Weekly chart (not shown here).
Now, to wait and see the next week or so, if it flattens or starts increasing again...
Having said that, our neighbour, Malaysia, is undergoing a huge resurgent wave. And I just saw a reaport that over 8,000 students have been diagnosed. This is terrible for the country, and I fear that IF they do not manage to control it well enough, the future holds that the next wave would be from our immediate neighbours.
I do wish them well soonest.
AMERICAN AIRLINES - 20% Higher Since our postYou don't like stocks?
Well, your bad.. AMERICAN AIRLINES is up over 20% since our post towards the end of April.
With Indices, Oil, Gold and Silver offering us an incredible opportunity (dip) to buy because of covid, American Airlines is still one of the last 'hidden gem opportunities' of the Coronavirus volatility.
Expectations? To hold for later and higher. First to 30$ and then higher.
the FXPROFESSOR
Stimulus - A ray of hope for tourism industry.MHRIL is a popular hotel company operating in India. The stock reached its all time high in 2017 and is consistently in a downtrend since then. After consolidating below the significant zone the stock witnessed the great covid 19 fall. After the recently announced stimulus package the stock has shown a fresh breakout of significant zone. Buying opportunity is seen if the retest is successful and covid 19 restrictions are further eased.
**DYOR**
SINGAPORE COVIS-19 Wave 3 Projection Update IVWhile the weekly chart still show some momentum, the daily chart has plateaued as expected (from update III) and the MACD histograms have started to decrease. This means that as we grapple with the current situation, with a pseudo lockdown, the effects are observable as we catch up with the curve. This downtrend needs to continue consistently for the next two weeks. Any flare up would mean we missed a part of the next infection generation and are actually in the eye of the storm instead of on the way out of the storm.
Let us see...