Here I've done some non-linear trend analysis on the SPY ETF. The upward sloping curves represent the long term trading range with compounding considered. Since the 2009 lows SPY has rallied vigorously from the bottom of this range (light blue) to the top end of this range (neon green). The linear trend of this rally is roughly equal to the tangent of this neon...
Apple, until recently, traded in a fairly predictable pattern. However, this year the corrective trend has been a falling knife. The angle of deviation from past draw down periods is substantial at nearly 30 degrees. Considering Apple is one of the self-sustaining "too big to die" companies in the world I believe this current level is a sensational buy...
1) Due to the zig-zag nature of the yield values, historically, it seems proper to use Elliott-waves. 2) There was a rate-hike environment in the past which seems similar to the current price action. Coincidentally the wave 5 drop corresponds to the year 2020; 2020 is the year many talking heads are calling for a US recession. 3) In recent years bonds and stocks...
1. Amazon broke out of its long term compounding trend and mooned up to about $2000/sh. Fib retracements of 50% are not uncommon in price moves like this. 2. The average of the near term compounding trend with the long term compounding trend is displayed as the green parabola and is likely where the reversal back to new highs begins- if this forecast plays...
The brick and mortar video game model is becoming obsolete. GameStop now competes with titans like Microsoft, Sony, WalMart, Amazon, and online marketplaces offered by Steam and Nintendo. To further support the continuation of this trend is the recent decay of fundamentals. They have spun off their telecoms branch, removing a source of revenue diversification...
1) Compounding curve set against the historic lows. Notice 2018 has corrected to this curve. 2) RSI (weekly) has been this low several times historically. Most often it represents a near term low. Should be noted that both 2000 and 2008 had RSI values in this range at their peaks. 3) Fractal-like analysis of "interior parabolas" (shown in purple) show the...
Put simply, the stock market compounds and thus should follow a compounding curve in the long term. I've set a parabola to the historical lows and find that 2018 has corrected to this curve nicely. RSI is also shown and compares 2018 values to historic readings at this level. While it is true that both the 2000 and 2008 crashes had RSI values similar today...