The crypto market is at a Key area after cracking for the 2nd time in a couple of months. Megaphone patterns indicate indecision. This is not something you want to see in a bull market. Crypto Bulls CAUTION!
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Cocoa bull run is over! This a very high probability chart setup for a big down move over time. If you made your money take it and run! If you never owned it watch the chart and learn If you are short Enjoy your gains don't be quick to take profits.
NFLX is coming into a key area that can double top here. Taking a little bit of profit here is not a bad Idea. A long-term bearish setup would require a break of the current up-trend channel. We are not there yet.
Not a surprise as I warned multiple times.
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.
This is a very simple trade setup. After breaking out of a 14-year channel DSX has been consolidating for 2 years plus! It now looks poised to push higher. However, this is NOT a trade you will make money in a day or a week. This is a the type of trade, where you accumulate over time, enjoy the 17% dividend, and forget about it. DSX is in a bottleneck industry...
Merry Christmas! Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts. Not even two ongoing wars could cause oil to spike. Today I will give you a nice and simple Christmas...
Learn how to read price! Learn where the key areas are Learn good risk reward Take notes on how FOMO and Euphoria behave, feel, and trade like Learn what tight tight tight looks and behaves like both up and down Learn the difference between CORRECTION and REVERSAL! Shorting is for the elite of elite Navy Seal Snipers!
Are you paying attention? You better if you want to be a trader investor. Can you spot where recessions started? leave a comment below. :)
Here is the real story about BRICS vs the US. BRICS Units of Money Supply 435.46 Trillion. LOL! vs US $20.67 Trillion Would you like to own BRICS Currency? Or the US $? There are 2016 X more BRICS currencies in existence vs the US. A 3rd grader could tell you the BRICS are silly as a viable option to the US $.
Bio had to be chased a bit but ultimately it did what I expected. if they don't scare you out they will wear you out. Well, they wore you out first in this case and then scared you out. :D
Walmart is the biggest retailer and the biggest employer in the US. This is a very simple setup with great risk-reward US bulls do not want to see this fail.
Global Central Bank Balance Sheet denominated in USD has broken the uptrend line down almost 16% or $5 trillion which is about 5% of Global GDP. Why does that matter to you? Because there are $5 trillion more bonds available that have been invested in the bond market which takes away from other asset classes. While global debt has skyrocketed (meaning more ...
There has been a lot of propaganda of late talking about the BRICs will replace the US or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting people for political purposes. This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC since Russia has been cut out by US sanctions. In my view, BIC is...
For years now TSLA has been leading the NASDAQ. A year ago this came to an end as TSLA started to underperform the NDX. TSLA is now the red-headed stepchild of NDX. While everyone only sees a big drop today, they do not realize that TSLA/NDX has cracked a major fully formed valid structure. This is far worse for the future of TSLA stock value. I usually post: ...
SPCE since November has formed a bear flag that is cracking today. Caution for bulls is in order. This is a very simple structure setup.
Business loans relative to money supply spikes during periods of recessions. As you can see the law of diminishing returns is creating lower highs, As per this chart there is no indication we are in a recession. Why? I would argue because we are still in a recession since 2020. You can't fix an insolvency problem with liquidity.