GOLD (XAUUSD) IS STILL MAKING ANOTHER BIG CHANCE FOR BUYERS.Gold on the verge of going up, testing the 1765 dynamic resistance level, after a sudden decrease on Friday on the back of the US employment report to lay on the strong static support level (1685 again) treating it as a holiday resort to relax at the weekend, while stressing out the traders. To me, more it sounds like to be the big chance for buyers to buy at this price.
...Take it into consideration anything can be possible to happen, if it breaks down the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
Investors
Welp. USO got permabanned from trading Oil.Extremely popular ETF among retail investors United States Oil Fund got banned from trading Oil. Less than 1 month after a 1 to 8 reverse split.
The number of holders on Robinhood, a popular broker among retail investors, has been going up despite all the negative news.
Actually it has been going up more the more negative news there have been.
How to write about this without looking sarcastic or making it look like a parody? I assure you all I am writting is true.
With Oil prices crashing the ETF saw about 2 months ago a massive influx of investors and hit their limit.
They have responded (after losing alot of their investors money and getting limited by the CME & regulators) by spreading their positions over several months.
On April 29th they did a, 8 to 1 reverse split to not get delisted. The price has kept going up since then, perhaps because of all the investors with less than 8 shares that bought back in.
According to a Thursday SEC filing made by the ETF, RBC Capital Markets, their broker, has informed the fund running USO that they could no longer buy oil futures and not even hold oil positions. USO response has been to say they may hold larger amounts of cash & cash equivalents and treasuries (zero or even negative yielding US treasuries).
RBC reason is speaking in layman terms to not end up like Lehman Brothers.
Despite being down 75% YTD USO AUM have quadrupled (and would have done more than this had they not hit the limit).
ycharts.com
RobinTrack data shows that the number of accounts holding USO has soared by about 2000% since March.
So... if they are at the limit, they money they lose can be replenished by new buyers and they can remain at the upper limit forever? (As long as new buyers join).
They might have to redesign their offer, since they cannot hold oil anymore. I guess they're just going to hold "investors" money in cash & bonds while collecting fees.
Let's see what the regulators say. People wanted to buy Oil but we all know they just want to buy something deep in the red and even if the ETF changes they are not going to sell because they enjoy holding losers. They might even be interested to buy more. Seriously. The keyword is "emotional" but better than this would be "irrational" and even better - I have to - is my own description "complete morons".
Of course technical analysts do not need to read the news and knew all of this before it even happened thanks to their magical little oscillators and tools.
Retail investors are unphased and ignoring this "FUD". I expect them to buy more, probably expecting an investment in their own money at a fee to magically go up.
When I'm doing my research I'm angry and ranting half of the time but also I'm just laughing in front of my screen half of the time. I love my 'job'.
EW Analysis: GBTC Can Be Forming A Bullish TriangleHello traders!
Today we will talk about GBTC - Grayscale Bitcoin Investment Trust from Elliott Wave perspective, which is telling us where Crypto investors are hiding.
As you can see, in the recent rise, GBTC came to the upper triangle line in three waves A-B-C only, so recovery looks corrective, ideally for wave (d), especially if we consider a triangle in wave B in the middle, which also means that BTC and friends may slow down into a deeper corrective pullback. Well, currently we are tracking another three-wave A-B-C decline again, probably down to 8.0 - 6.0 support zone for the final wave (e) and this is where a big bullish triangle may come to an end.
That being said, watch out for a limited gains here at the intraday highs, because a bigger decline into a deeper correction can be around the corner and it can be the same with BTCUSD and ALTcoins. Later then, we can expect the real bull run, when everyone will be very bearish again.
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Red alert: Idiots are selling! [Entertainment & lesson]We have a code red. I repeat, we have a code red.
I can barely breathe! 🤣
I'm crying
After USO had their reverse split, the price gapped up.
You can check it on robintrack, first there was a strong decline which might be all the people so wiped out they could only afford <8 shares (LOL), but then even after this it keeps going down!
robintrack.net
It only went up before you can check for yourself. Since february they have only kept buying, the number of holders line never went down even for a day no matter what.
And now even after the initial drop that might be explained for other reasons number of holders went down by ~7%
There is only 1 explanation: These masterminds thought the price really went up, and they outsmarted institutions, and have locked up profit 😆
Now I don't know if Robinhood had an erronous display, or if they only show the gains since the split maybe (so investors saw green and thought they got their money back), perhaps some are doing "automated trading"?
All I know is the price rallied up because of a reverse split and a group of people known to be stupid and have been strictly buying for 2 months without even 1 day of pause, have started selling.
These can't be humans... They must be... something else...
Hey so if a really solid company made a 1 > 10 split all the animals would be aggressively buying thinking the price dropped 90%?
Making money in markets isn't that hard if you take it seriously, just look what kind of absolute imbeciles we are playing against!
Ahrvo Daily Movers ⬆: B2Gold CorpWhat is B2Gold?
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. Furthermore, it has a portfolio of evaluation and exploration assets in Mali, Burkina Faso, Colombia, Namibia, and Finland. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.
Ahrvo Stock Scores
BTG has been a top 50 stock on Ahrvo for over six months. B2Gold is rated STRONG BUY and has an AhrvoScore (overall score) of 99. Over the last 3 months, B2Gold’s Momentum Score, Quality Score, Value Score, and Growth Score have remained stable at 99 (flat), 88 (flat), 89 (+1), and 100 (flat), respectively. Out of the 7,000+ companies we cover, BTG’s Momentum Score, Quality Score, Value Score, and Growth Score ranked in the top 1%, 12%, 11%, and 1 %. Relative to competitors, B2Gold ranks higher across all stock scores: AhrvoScore 99 vs. 58, Momentum Score 99 vs. 82, Value Score 88 vs. 43, Quality Score 88 vs. 37, and Growth Score 100 vs. 41.
Our Take
We are experiencing the largest devaluation of currencies in our lifetime. Over the last month, monetary and fiscal policy officials across the globe have turned on the spigot- substantially debasing their currencies in an effort to support coronavirus riddled economies. In the U.S., the Federal Reserve has injected $8 trillion of dollars into the economy, while the U.S. government has plowed an additional $3 trillion. In Europe, the Italian government is spending $900 billion, Germany is spending ~$800 billion, while Spain and France have allocated $200 billion and $121 billion, respectively. The European Central Bank is injecting nearly $1 trillion as well. In Asia, the Bank of Japan doubled its ETF purchases to $114 billion and the Japanese government is injecting $1 trillion into its economy (20% of GDP). All of these things are bullish for gold, which is fixed in supply and tends to perform well during economic uncertainty when government officials resort to devaluation. Bank of America analysts have placed a price target of $3000 on gold, 73% higher than the current price. As a miner of gold, BTG is poised to benefit from the rise in prices. The correlation (relationship) between BTG’s stock and gold is moderate at .61 but has been trending upwards since the beginning of April. After a pullback last month, BTG price action has accelerated, up 85%. Gold was up 16% over the same period. Given the run-up in price, BTG’s relative strength indicator of 68 is approaching overbought territory and may need to pullback before investors take a position in (buy) the stock. On a year-to-date basis, Gold is up 13%, while BTG is up 25%.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
USDCHF SELL TARGET 0.95700Good evening from the UK. As there is alot of economic volatility it is good to know a few good tips about the markets and how investors react. Currencies can become very volatile is there is a threat on specific economies. the dxy can be impacted negatively due to the iran gestures and drama.This could see investors pull investments out of US assets/stocks/currency and place their capital into assets of solidarity. These could be aspects such as commodities like Gold & Oil where prices could rally to the upside against the dollar or short the dollar against certain currencies. In this case this is what I have as a bias today.
We have had 5 bearish weeks for the US Dollar. Investors see the Swiss franc as a safe bet as the thrive of the Switzerland's fantastic economical infrastructure and stability. With threats on the USA looming we could see a continuation of this. Linking it to the Daily technical timeframe, I see price rides underneath the EMA and a slight pullback/retracement the end of last week possibly ready for more sell positions from investors. We will need to see how price opens after the weekend to determine this but a break below the monthly support could be possible. This is a strong support level so a double bottom could form. Price has not closed below 0.96600 since September 18, could the time be now? A great pair to keep an eye on.
#Future Looks Bright for #ETH, 1185% Profit#Super #Bullish as you can see on chart Ethereum has been trading inside a falling wedge on the monthly time frame, this is the time to start accumulating, I have been waiting for ETH/USD to come down in 12x range for few months finally we are here!!
Ethereum/BTC is also giving the same signals, we are also forming a BIG Inverse Head & Shoulder on the monthly timeframe as well. still need some time to confirm this pattern however all looks good for #Ethereum
Wedges are one of the most important patterns when it comes to trading, if you are being cautious then you can wait for the Breakout from this wedge & retest of broken trendline this is how I think it will happen
as always #DYOR
remember I am not a financial advisor & this is all just my thoughts :)
Clean up with Reckitt BenckiserBuy Reckitt Benckiser (RB.L)
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene, post-natal and home products. The Company's segments include ENA and DvM. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN). Health, Hygiene, Home and Portfolio Brands categories are split across the geographical segments of ENA and DVM. Its range of hygiene products includes disinfectant cleaners, automatic dishwashing detergents, pest control, depilatory products and acne treatments. The Company's portfolio of brands includes Durex, Mucinex, Scholl, Strepsils, Cillit Bang, Clearasil, Dettol, Harpic, Lysol, Mortein, Veet, Air Wick, Calgon, Vanish and Woolite.
Market Cap: £44Billion
Reckitt Benckiser has had an indifferent few months. So often it’s a mainstay of investors portfolios with its predictable growth and solid stream of income. In recent months the share price has been in consolidation mode and not really offered investors very much. In recent weeks a bullish channel has formed, and we are beginning to see investors return on spells of weakness. The latest move from the lower end of the channel could be the beginning of a fresh move higher towards resistance at 7175p
Stop: 5980p
Target 1: 6710p
Target 2: 7165p
Interested in UK Stocks?
Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
ADP Platform Sideways PatternADP has shifted to a Platform sideways candlestick pattern, and is experiencing some Dark Pool Quiet Rotation™. However, there is underlying buying activity of Smaller Funds, Professional Traders, and Investors. The candlestick pattern is compressing on the upside of the Trading Range at this time.
Is it possible that the SPX might just hit 1535?
In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming.
Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before the 2008 crash.
I see a lot of volatility in the market in the next few months to come, with a potential crash sometime during the end of the summer and beginning of fall.
Let’s hope that I am wrong for the sake of the middle class!
Crypto is where I will be putting my money
Gold Technical and Fundamental Forecast For Long And Short Term After Looking At " Daily Chart Time Frames"
1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214
That 1214 Is Strong Support Point For Gold
2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support
3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish Trend For Gold Till Target of 1280
OANDA:XAUUSD TVC:GOLD
On Fundamental Side : We are expecting High Unemployment rate for novemeber month in decemeber report and Higher number of non-farm payrolls Data
Secondly factor Which Can Lead Gold Upside Is Xi-Trump Meet
Third Is Brexit Event
Fourth is G20 Meeting Which Will Be another thing
For Investor and Traders who are looking to go long can go with stoploss of 1296 and target of 1264-1280
Weed stocks - the next big frontier. This screencast is on several companies that are largely Canadian in origin, who are involved in developing medical uses of marijuana. This is a legitimate business in Canada.
I am not promoting anything legal or illegal. I have no relationship to these companies. I am not currently a shareholder in any. I am simply sharing information that may or may not be useful for those interested in novel investments.
See also TLRY
LTC/USD Daily Chart AnalysisThe crypto coin continues to face couple strong resistance levels, and the downtrend remains to be dominant. Given that the coin is oversold, and also a base is formed at $112, long-term investors and traders could sell their respective holdings on the Key resistance of 169.20 level. Mean resistance is ahead at $134.50 zone while crucial Key support is at $112.50.
ADA is at a good posisionThe market gives us a good buy opportunity. The price bounces from the support zone formed by the uptrend line, SMA100,Patern . RSI, Parabolic confirms price reversal. MACD histogram supports possible upward movement. Pending orders for buy can be placed at 0.68037516 level with stop orders below the local swing low at 0.63037516level. This is a long term trade and it's also possible to leave a part volume for higher targets.
DR PEPPER REVISITED (DPS BUY)One of my very first pairs I posted- REVISISTED!
Here is a new plan, as I think now (and at a couple other lower prices) DPS is a decent medium term buy- meaning it's not going to be a day trade, but you're not going to be holding on to it for years.
Fundamentals: In this tricky market we have had towards the end of last week and in to this week, TECH stocks (FB, NFLX, APPL, AMZN, GOOG, NVDA, AMD, TSLA) have been all taking a beating, and stocks like DPS are being dragged with it. However, if this trend continues, people will likely SWITCH from riskier, more volatile stocks and go back in to the fundamentals such as food and beverage, utilities, energy, what have you. DPS has NO reason to keep going down, the company is the exact same company it was at >95$ a share.
Anyways, enough of the fundamentals. I'm putting in my buys and WILL UPDATE THIS CHART AS TIME GOES ON AS TO WHEN TO TAKE PROFITS! So if you're joining the ride, MAKE SURE TO FOLLOW ME OR BOOKMARK THIS CHART.