As those who follow us know we have been warning about XLF and the story we are seeing within the price structure As the Financial Sector goes..so does the rest of the markets I really truly hope we are absolutely wrong about this call because this is definitely going to rattle world markets
The Qs are in a similar position as other markets Price is at a critical junction and how the next pullback is handled will tell us, like SPX, are we headed to marginally higher ATHs or MUCH lower
TLT, as we predicted last year is shaping up to be very explosive Its so far one of our best performing trades in our 2024 portfolio RATE CUTS ARE IMMINENT
It is time for GME to get moving Elliott Wave has charted the path B U C K L E U P...
SPX has retraced to the area we have been calling out for the past week or so How it handles the next pullback will decide if we head to new ATHs or continue to MUCH lower levels
Ok that wraps up this week All in all a good week! XRT and broader market found some strength which helped push GME higher in spite of low volume Expect more of the same next week..provided the market keeps it bullish legs B U C K L E U P
SPX is at a critical junction How price handles this region will determine if we head significantly lower...soon Or head to one more high and then head significantly lower
Should head to the 24 area provided we get some volume and the broader market heads a little higher
This will be our final public post The collapse of modern society and capitalism has begun We must focus on preparation May you all be safe
XLF.... I could on long diatribe about the Banking sector and financials and the economy... But I'm not You want to know why? (i'm going to tell you regardless) It's because deep down you know that the Banking system is a house of cards and these Bankers..JUST..CANT..RESIST..THEMSELVES SHORT XLF...for now...and then a Big Short (pun intended) later (i'll...
We firmly believe that the major stock indexes have a very dire Macro outlook. We will not go into details here (see our other posts) but with the market heading for a downturn we thought it would be awesome to show other small retail investors (thats what we are) that there is nothing to fear. Well nothing to fear other than blowing up your account- we do not...
Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
Developed in the 1930s by Ralph Nelson Elliott, Elliott Wave Theory proposes that markets unfold in a series of five-wave impulses followed by three-wave corrections. These "waves" represent the collective emotions of investors, shifting from optimism and bullishness (impulsive waves) to fear and bearishness (corrective waves). The Anatomy of a Wave: Impulse...
Ok we are nearing the top floor of this trip Our trip down will be a little more "hurried" than our trip up Buckle Up! P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
Everywhere I look I'm seeing talk of a "new bull market" But I don't think this is a new bull market I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally Why do I think this? Well, typical of "family", the members within share common attributes In the next post we will talk about what some of those common attributes are in detail
Gather around....I have short story to tell Once upon a time, in a town called Sweetville, there lived a child named Lily, whose love for cookies knew no bounds. From the moment she took her first bite, a magical spell was cast upon her taste buds, and she became powerless to resist the sweet temptation. Lily's days revolved around cookies. She couldn't stop...
Tesla=Elon=Tesla TSLA Bears are an interesting bunch On one hand I sorta see why they feel ole' Elon will be the downfall of TSLA (and the world! run! Elon is coming!) On the other hand ole' Elon has enough paper and relationship assets to continue to push his ideas forward So will ole' Elon run TSLA into the ground? Maybe, Possibly...but not yet
Bank of America.... On one hand their CEO has done a great job bringing them out the depths of the financial crisis On the other hand excess exposure to Mortgage Back Securities (MBS), Commercial Real Estate and the risk bomb that is all things Merrill leaves them vulnerable to economic shocks A sticky deposit book helps...but not enough. Will America choose...