ByDHTaylor

ByDHTaylor

Tilray $TLRY Canopy Growth $CGC and Aurora Cannabis $ACB are all going to continue lower over the next few months as their values realign with basic fundamentals. Looking for Tilray to hit about $7.50 in the next few months. In the meantime, there are plenty of excellent companies that a prudent investor could get into after the selling ends.

ByDHTaylor

I'm liking the movements in BTCUSD the past week. But, this is not going to be a big rush upwards in the market. BTC is heading higher for the longer-term. However, it is going to move sideways for a few days and maybe even lower before we start to get that next leg upwards. It won't be long until the market starts to make headlines once again and push...

ByDHTaylor

It may be that we wait for a moment on Bitcoin getting to $15k. Nonetheless, it is going to get there, that I do not doubt. With the sheer amount of money that was just created via the from the first stimulus package, this is going to be incredibly inflationary. I expect that the combination will push a currency such as this upwards simply because it has no...

ByDHTaylor

It may be that we wait for a moment on Bitcoin getting to $15k. Nonetheless, it is going to get there, that I do not doubt. With the sheer amount of money that was just created via the from the first stimulus package, this is going to be incredibly inflationary. I expect that the combination will push a currency such as this upwards simply because it has no...

ByDHTaylor

In continuation with the moves lower from yesterday and the past few days, I am looking for continued moves lower. Ultimately, until we get a solidified stimulus package, there is no real reason for the market to be up this high. Given that, most likely we are not going to know what a stimulus package is going to look like until we know what the makeup of...

ByDHTaylor

I had posted earlier over the past couple of weeks regarding the potential of a drop in the S&P 500 due to three factors: The upcoming election, spikes in COVID cases and the lack of the federal government producing any meaningful stimulus. These factors are coming front and center. And, the market just dropped nearly 2% on these factors. I'm looking for...

ByDHTaylor

Still have been calling for a move lower in the S&P 500 and am seeing a broad move lower overall. I have been looking for 3,400 before 3,600 and although we've touched the level, I see a bigger move below coming soon with election jitters SPCFD:SPX

ByDHTaylor

Volatility should push upwards. With the upcoming election, there's a lot of position changes that are going to happen in the final days. This will push options prices, which by extension pushes the volatility index. Look for a spike higher in the VIX with a requisite move lower in equities. SPCFD:SP500LVOL SPCFD:VXXIDSP

ByDHTaylor

I can see the S&P 500 testing 3400 long before it is easy to see 3600. We need to get the election out of the way while simultaneously, there are large spikes in infections around the world. Along with those two events, there is another event that is not happening: the new stimulus package. Without a new stimulus package, there's too much weight at the top of...

ByDHTaylor

Bitcoin - $BTC - the side action may be the norm for the next 2-3 weeks until the election is out of the way. But, the government is set to add in another $1.7T in new money. This will push inflation levels. This is the very reason that Bitcoin - #BTC $BTC - was created. Because of that, I am looking for a long-term push with any new stimulus and investors...

ByDHTaylor

S&P 500 is top heavy, something I've been following. I'm seeing a test of the 3,400 level again, something we just went through last week. The moves last week were strong, but unwarranted. We've got a resurgence issue across the globe as well as the inability for Congress to pass stimulus ahead of the election.... just kicking it down the road. Given that, I...

ByDHTaylor

The equity markets are about to get hammered, something I've been writing on. There was a decent surge in price last week in equities. They have faltered at higher levels approaching the all-time highs. BTC looks set to follow suit as it languishes at this higher level. I've used put options to take on the position so I'm good either way - as long as the...

ByDHTaylor

Yesterday, I could see that the equity markets were a little top-heavy; we had moved a bit too much to fast over the past week. I'm expecting continued movement lower over the next couple of days as the election nears. I'm expecting a pull-back to the recent bottom of the market. But, this should be minimal and the recent moves higher will eventually be taken...

ByDHTaylor

The BTCUSD crypto looks top-heavy in the latest daily moves. I'm fundamentally long using options as my preferred strategy for entry and exit. But, it looks as if there is a lack of momentum going for the $12k level. Using options as my strategy allows me to continuously profit from micro-moves up and down as the crypto continues to waver. #BTC #BTCUSD...

ByDHTaylor

I have been watching the daily on the S&P 500. It is looking a little bit top-heavy up towards these all-time highs. Any failures to mount a sustained move today may result in liquidation of long positions. Personally, I favor a pull-back first. I believe the market has gotten way ahead of itself. #SP500 #SPY CURRENCYCOM:US500

ByDHTaylor

I continue to watch for the move in BTCUSD upwards to $12,000. The whole reason BTC exists is because of the over-inflation of the USD after the financial crisis of 2008. The amount of money the Federal government is printing these days is going to make 2008 look silly. I am not certain as to when the next stimulus package will pass. They are talking about...

ByDHTaylor

Crown Castle is first a REIT and then a 5G play. The industry is ramping up infrastructure and will do well in the years following as the tower provider leases more and more capacity to the new 5G rollout. Given the surge in Work From Home (WFH) as well as continued advances in technology, 5G will be the mainstay in just a couple of short years. This will...

ByDHTaylor

Given the dearth of money being created at the moment, the whole purpose of BTC was to have a mechanism that could not be over inflated by a government. There's a huge spike in the amount of money being created with the stimulus packages. The balance weighs towards BTC doing its job and heading higher. #BTCUSD #BTC BITSTAMP:BTCUSD