Using 13 range chart, Let DWAC run, look for the sell when the indicator goes red
My current evidence believe we're headed for a correction. The red lines are markers to track the progression of this thesis.
Whats next? A continuation of falling rates, or, a shift to a new trend?
Crude above red line has failed multiple times, but, you can see the 'rising lows' that are now crowding the red line. My thesis has supply chaos (that is happening everywhere we look) coming to the energy space. If this becomes true: --Long XOP stocks --Long TSLA --Short IWM
update: The SNL trade is still alive. DOGE buyers came in last night and bought DOGE. See the momentum indicator switch from red to green. See the new green trendlines marking support and resistance (lower & upper). see light grey lines marking old highs, sellers are sitting there. DOGE has work to do to get to .70. If it does (before SNL), I look for DOGE...
Bitcoin is the ultimate Musical Chairs trade. Bitcoin's 21day avg volume is ~3,500 shares. At $57,000 a share, that's $200million exchanged daily. $TSLA's 21day avg volume is ~30 million shares. At $675 a share, that's $20billion exchanged daily. Bitcoin's market cap is $1.0 Trillion TSLA's market cap is $640 Billion Look at the Bitcoin chart, see the 3...
Honda is the world’s first carmaker to sell a vehicle equipped with new, certified level 3 automation technology. www.reuters.com
If you're a believer in Cathie Wood's ARK 5 year vision, your time has come. ARKK has fallen to $109, a price seen 6 months ago in Oct 2020. Red circles on RSI(14) chart show how rare these events are.
Looking at the FNMA vs XLF chart, without getting too precise, you'll see the general correlation between XLF and Fannie Mae. Since the COVID lows, XLF is +70% and FNMA is at near 0%, and, FNMA is oversold at a support area. Long FNMA.
GME's FEAR FACTOR can be easily seen in this side-by-side of GME vs VIX
$IWC vs $IWM, vs $SPY vs $QQQ