What a wonderdul week! I have been buying since October so you bet I enjoyed it, first I started with the tech indice, I even bought the very bottom of that consolidation area, nice. I expected the "uncertainty" to be over and optimism to come back 1 at a time. But the nasdaq indice was not doing that great - it went up but weak - so I switched to the S&P 500 (and...
Update to structure and certain assumptions that proved wrong I was thinking that the 10700-10920 area won't be crossed easily. But it was crossed with 2 gaps. And in two days NIFTY is near the 11200 area. For the last few weeks, I have been putting a structure of rising wedge that does not look valid. There are too many divergences and it is not a clean...
The weekly looks bearish unless it can breakout... the daily confirms H&S, plus has already touched down on 50ma -- that 90ma is weakkk support, so if it falls (through cloud), then it will drop sharply back to 200ma, and then likely build up tons of support here and continue back up. I say this because this market is clearly irrationally bullish, and this company...
this is pretty dumb. last times RSI was this high the stock made a 20% correction back to the mean ~$30. Also made tops in RSI in the daily time frame as well. Long time support in green, weak supports dashed green lines. Fundamentals: PTON sells overpriced electric cycling bikes during a recession. The market is as rational as a chicken without a head. PTON...
Deep value here at irrational pricing. Loading up for the long haul. Deep pooling at the Bid by the value-minded and plenty of folks still dumping shares at ridiculously low prices.
TOTAL ABOVE-GROUND INVESTABLE PHYSICAL GOLD: 6B ozs. TOTAL ABOVE-GROUND INVESTABLE PHYSICAL SILVER: 3.5B ozs. CHINESE CITIZENS ARE SELLING THEIR SILVER FOR LIQUIDITY, ONCE GLOBAL STAGFLATION EMERGES THIS PROCESS WILL REVERSE IN INCOMPREHENSIBLE WAYS! AN INDUSTRIAL RECESSION WOULD PUT MUCH MORE PRESSURE ON SILVER PRODUCTION THAN SILVER DEMAND!
Market is getting ahead of itself. Cycles and patterns repeat, and it's time we go re-touch that standard line on the Ichimoku. And at this peak, people might over-react and send the market tumbling further than it needs to. Neutral for now, leaning bearish but waiting for a confirmation on the shorter timeframes.