CTS - #TeslaDisclaimer
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
BIDEN
[DXY W1 Aug 2021]DXY USDollar
Short Setup
👉🏻 The dollar is moving unusually coherent with gold at the moment, however it is pretty much moving sideways. Previous highs of 93.4, 94.3 and 94.7 has not been broken, neither is the lows of 89.5 and 89.2. The recent drop from a rising wedge could lead so some further weakness in the dollar
Biden, Putin Summit to Drive Gold Lower The price of gold is currently consolidating below the 23.6 per cent Fibonacci retracement level at 1858.07, in anticipation of future price depreciation.
These expectations are substantiated by the fact that the consolidation is taking the form of a Bearish Triangle, which is typically taken to represent a downtrend continuation pattern.
In other words, once the price action breaks down below the lower boundary of the triangle decisively, this would allow for the continuation of the broader downtrend. Notice that the lower limit of the structure is converging with the 23.6 per cent Fibonacci, which would make such a breakdown even more prominent.
The price action is also concentrated below the 20-day MA (in red) and the 50-day MA (in green), which is yet another attestation of the prevailing bearish bias. Meanwhile, the MACD indicator manifests waning bullish momentum.
Today's summit is likely to strengthen this bearish pressure as global tensions subside, thereby driving the price of the commodity lower.
ACTC Will Be Trading as PTRA On TUEACTC Current Price 19.01 Price Target $24
Ticker change to come Tuesday from merger with Proterra New ticker will be PTRA. The ticker change should help bring some attention and hopefully volume to this stock.Still love the EV sector as a great long term hold. All EV stocks could rally off of lawmakers in the US coming to an agreement on an infrastructure deal. I think next week we see a bump up due to some increased volume and in the long term ACTC should continue to win more government contracts for EV public transport as they are already the leader in EV public transport. Unlike lots of EV companies Proterra has vehicles on the road and more in manufacturing to meet to immense need of EV public transport. Governments will be the first to make real monetary commitments to EVs, not businesses or consumers!
The Dollar INFLATION? Part 2.
(see link to Part 1 attached below)
Hello,Traders!
As we found out in Part 1, the FED and The Treasury added 5.3 Trillion dollars to the money supply , with 3 Trillion Dollars being spent, not invested and all that coming from borrowing, not taxes, which would have created price inflation even without the supply shock.
However, the supply side was also affected by the lockdowns, and below is a summary of how this happened!
First of all, we saw a massive structural change, with the demand suddenly shifting from services to goods , as the majority of the former became unavailable to the indoors bound population.
That additional demand for goods, would have strained the supply chain in any scenario, but several factors made it much much worse.
First, the lockdowns in China, especially Wohan, a major logistics hub, brought some of the manufacturing and shipping to a halt, that led to the initial shortages, but the demand fell sharply too, so at first, the two canceled each other out. Then with China opening up at the end of 2020 faster than any other country, and the demand picking up in the US and other countries , China started shipping Covid-19 supplies and other goods to the rest of the world.
But as manufacturing in China recovered, the United States were locked down, which affected two major ports in the US : the ports of Los Angeles and Long Beach. The thing is that 41% of all the US container traffic goes through just these two, and while the container traffic went up by 49%, the ports were operating at lower capacity, due to the dock workers either being sick with Covid, or being in quarantine.
Loaded Ships were stranded for weeks , waiting to be unloaded, doubling the shipping time. As if that wasn’t enough, the shipping containers price went from 1800$ to 3500$ , because due to the lockdowns in the US there wasn’t much to be shipped back to China, and for every 100 containers that went in, only 40 were exported back . The ports operating at lower capacity didn’t have the resources to load empty containers onto the ships going back to China, and the truck drivers shortage lead to that the empty containers weren’t returned back to the ports, from inside the US.
This led to a vicious cycle: shortage of shipping containers was worsening the shortage of shipping capacity, which was worsened by the shortage of port capacity, which in turn was worsening the shortage of shipping containers, which as in turn worsened by the shortage of truck drivers which worsened the shortage of goods.
All that led to scarcity exacerbated by the debt funded, non-investment consumer spending, and worsened by a demand shifting from services to goods.A perfect storm situation, which nearly collapsed the «Just-in-Time» manufacturing based supply chains.
All that led to the official FED inflation figures for April 2021 being 4.2%, which is A LOT ! And more is to come, if the lockdowns are not lifted, and, especially,if Biden's 6 Trillion budget gets passed.
Please, Like comment and subscribe!
GBPUSD is preparing to a Possibility Down Trend.Hello Dear Traders.
GBPUSD is Now on a Major Key Level and May Something Happen in the Future that change Trend Direction. So it's better to be aware And Close or Don't open Long positions to see what potential or reaction will be here. look for your Money management and strategy at this Area.
Good Luck.
AQUA: Potential Benefitor From Biden AdministrationRelative strength against S&P picking up, strong breaks above trendlines with small caps still seemingly being supported by the market. Liking this one for a longer term hold
SCARY DAY ! IF IT'S WEDNESDAY IT'S MAD!
Or
THE BRIDGE OF SighS !!!
The Fed, OPEC, BIDEN, COVID and the outside rain hit the same day. With the slogan roast the pastures, poison the fountains, scare the investors, the Bau Bau group above seems to have brought a total eclipse of daily optimism on the financial markets. From Crypto to metals, they all seem set for declines at today's opening, on the principle "head in the ground, the sword does not cut it", learned from the Service Ostrich. Google alone, the new owner of dream reports, seems to be successfully withstanding this fiery day.
Of course, a lot can change during the day, and especially after each event. But it is important to decrypt Powell and Biden's messages today, faster and better than an SRI did with the Russian spy.
And no matter how hard Powell tries to convince us that the rate is going up, and inflation is transient, the olfactory organ that grows more than Pinocchio is empty. We expect uncertainties until 9.30pm, when Powell's diction can impact indices, metals and of course EUR / USD.
Then comes Biden somewhere late at night, who armed with Tony Robbins 'books, and Houdini's will, will try to fool Congress into cutting a healthy slice of the Americans' ready money cake. I don't think it will succeed, at least not at the level mentioned in the press, but Piata is already more cautious than the law stipulates, only according to rumors. After all, if you ask for a block of flats, to get at least a 10-room villa, it seems like a solid strategy. Let's see where the pot closes.
Until another one, do you remember that suspension bridge through China, where, in addition to the infernal balance, the glass was breaking under your feet !? So is the sensation of the markets today. But just like at that bridge, in the end everything was just imagination, and you were safely at the opposite end.
After today's storm, I predict a quiet morning tomorrow. Green because it's spring. And what could be more enjoyable on a spring morning if not a collectible coffee. And a cigar eventually ... And profit in portfolios. So I'm free today. I let others shake their heads ...
We'll be talking tomorrow when I think we'll have .....
EVERYTHING GREEN !!!
HOLY WEEK AND NUCLEAR WEDNESDAY !! HOLY WEEK AND NUCLEAR WEDNESDAY!
10:30 p.m. Warm morning sun, some nature chirping from the birds around, a great time to enjoy a coffee. Start HOLY WEEK!
Financially speaking, after a recovering Friday, it would be natural for the green to flood the Square today. And maybe it will be! But we can't help but glance over the cup of coffee at the situation of the week that seems hectic. First of all, thanks to reports, a number of world giants must be in the works. But this is not necessarily the problem, because they are expected to report well. The problem would be Wednesday, a really explosive day.
Let's see why:
1. Biden's speech.
Nothing can be more worrying than Biden's speech at Wednesday's joint congressional session, where he is expected to reveal the first details of his widely reported tax hike so far, planned for the wealthiest of Americans.
The president of all wants an unlikely 43.4% for the richest Americans, bringing combined state and federal taxes to places like New York and California to over 50% !! No matter how difficult it will be for him to impose in the congress, in the short term the Market will react to rumors.
2. OPEC meeting
Normally this meeting would sanctify the plans established a month ago if no other events happen in the last period. But ... didn't it happen ?! Well, India is the world's third largest consumer of oil, on infusions and fans literally, after a series of days with over 300k infections / 24 hours. Japan, the 4th largest consumer, also has problems with Covid ul. Iran lags behind with progress in talks with US, which may mean it will export oil again sometime in the not too distant future
3. EDF meeting
Originally categorized as a NON Event, it could be an influence in various directions. Of all, I would mention the Precious Metals Market. In a long-awaited recovery, they have already stumbled at the first resistance, diverted by various external factors.
One could be Powell, who enters an interview with Reuters on Tuesday, said the central bank will limit any exceeding of its inflation target.
In any case, metal prices are expected to consolidate, or even decline, until Powell's post-Fed press conference.
As a result, we have 3 events + quarterly reports, which can send almost any sector in almost any direction, affecting virtually the entire market. Normally, near such confluences, investors stand a little aside. Normally I said, but is it a period of normalcy !?
Of course not !!!
So we have 2 interesting days until Wednesday, when we hoped we would have:
EVERYTHING ABNORMALLY GREEN !!!
Bitcoin is going to 69300 soon! 🔜In my previous analysis on BTC/USDT, When the correction was started I made three support areas, you can easily see on the chart, that worked just fine.
Now, the correction channel or our Flag Pattern is broken upwards. So I Expect the price to fly high.. But how fly??
I made three different short-term target for you on the chart:
Firstly, the Flag/Channel height, that is around $63,700. If it's candle can be closed above BTC's current ATH around $62,000, We can expect our next targets to become true. I believe it will happen.. But this just my theory not a financial advice folks..
Our next target will be the Flag Pole, around $65,500 - $65,600.. This is how price let us be sure after a small correction it will move to First Fibonacci level target around $69300..
Further target needs more details on the chart. So stay tuned, because I'm going to update this idea for you in the future..
And by the way, add US President Biden's financial aid package as a strong fundamental push-up to this analysis!!!
What is your point of view or analysis on Bitcoin, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Presidential Stock Market PerformanceEvery day it seems that the media puts out the best of reasons... from the smartest of experts... as to why the stock market and economy is going to CRASH soon! This has gone on for as long as I can remember. Why do they continue to publish this misinformation? Because it get's ATTENTION!
What does history ACTUALLY tell us about stock market performance following Presidential elections with the same political makeup we have today?
GEVO is a BUYWhen I say 20% gains on this stock in a matter of days, I f**kin mean it :)
The amount of money that GEVO has made me by playing the swings is unholy, to say the least.
GEVO in the 6's is a buy, if you are blessed enough to catch it in the 5's, just liquidate your portfolio and buy it (not a financial advisor lol)
It'll be back in the 9's before the end of April, and I would put my TradingView reputation on the line for this.
With Biden in bed with thethese guys, the road is clear my friends.
Play the swings on GEVO and ENPH (I will do a chart for ENPH on the next dip)
If you have balls of steel, play the UCO dips as well (see my crude oil predictions on my page)
If there was a levered GEVO stock, I would buy it all and there wouldn't be any left for you guys!
Anyways, but the dip, and enjoy the rip!
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
RenesolaMission:
We are focused on improving production efficiency. We are also continually developing new product lines to provide additional value to our portfolio of green energy offerings
Recent News:
1. STAMFORD, Conn., April 8, 2021 /PRNewswire/ -- ReneSola Ltd. ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of an approximately 10 MW portfolio of solar development projects to Greenbacker Renewable Energy Company ("Greenbacker"). The sale continues a successful track record in North America. This sale will positively contribute to 1Q 2021 results and was not in the original first quarter guidance.
2. STAMFORD, Conn., April 1, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of a portfolio of projects originally disclosed on January 8, 2021. The projects are in Hungary and were sold to Obton, a leading international solar investment company headquartered in Aarhus, Denmark. The sale closed on March 19, 2021.
3. STAMFORD, Conn., March 25, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today disclosed the sale of two ground-mounted solar parks in Romania totaling 15.4 MW to Alternus Energy Group plc, a pan-European Independent Power Producer (IPP). The sale closed in December 2020 and will be reflected in fourth quarter 2020 results. Payment of €24 million was received this week.
What do you think?
Like, Follow, Agree, Disagree!
Buy $QDEL - NRPicks 21 MarQuidel Corporation develops, manufactures and markets diagnostic testing solutions for applications in infectious diseases, cardiology, thyroid, women's and general health, eye health, gastrointestinal diseases and toxicology worldwide.
The company during 2020 benefited greatly from the pandemic thanks to its Covid-19 QuickVue test that recently received FDA authorization to apply it from house to home.
The company is optimistic about the Biden Administration's urgent and comprehensive approach to bringing the benefits of rapid, routine, and equitable coronavirus testing to U.S. classrooms, under-neglected communities, and rural areas.
- Sales Y/Y 210%
- EBITDA Y/Y 628%
- Net income Y/Y 1010%
Technical:
- Low RSI levels
- Bounce on MA100
- Support $128
GOLD 1680 retest for 1600 floor! Incoming DXY strength from rd3 of the US Stimulus!
Liquidating from 1800 all the way to 1680 we saw a 1 way down turn, BUT GOLD has gained support and looked to test 1740 which it failed the 1st test. This high 1720 area may look to test 1740 impulsively but I do not think it will last.
the DXY strength is not going to last forever just long enough to get the Best Buy in on this 2K gold at 1600s... Gold could further dip and that would allude to the passing of the safe haven torch of GOLD to BTC.
If Gold tanks under 1600s floor look to see all cryptos rise!
IF gold close over 1740-1755 look to test 1800 within 72 hrs.
1714 safe entry for gold short*
TP1: 1693
tp2:1677