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US10Y Yield Will Show A Growth In Broadening Wedge To 1.75%Throughout the last one month, I noticed that US10Y has been trading within an ascending broadening wedge chart pattern, and has been respecting the two diverging bullish lines that form its dynamic support and resistance extremely well. After bouncing off the dynamic support of the ascending broadening wedge, US10Y is now halfway through its growth towards the dynamic resistance. I expect this growth to continue and hit around 1.75% by the end of March. It is also interesting to note that if US10Y continues to move within this ascending broadening wedge (assuming status quo on a macro level), we are potentially looking at 2.5% to 3% yields by mid-2021. I used mid-2021 as a reference point because this morning, I came across a Wall Street Journal article stating these: "Economists in the Journal survey said they see annual inflation rising to 2.8% by the middle of this year, then falling gradually after that" "“Inflation will reach levels rarely experienced over the past decade, at close to 3% in mid-2021, but uncontrolled overheating isn’t likely,” Mr. Daco said." Source of article: www.wsj.com So I thought it will be interesting to compare it to the current ascending broadening wedge technical chart pattern that US10Y is current trading within, and it looks like we are definitely on track to those numbers if this continues. Just some food for thought! This is not an investment or trading advice so please do your own due diligence! Support this idea with likes and share your thoughts below.
TVC:US10YLong
by AntrePoint
GOLDGOLD This precious metal is used in electronic devices, bank stocks, jewelry, etc. Due to the weak US economy and the weakening US dollar, as well as after some news about vaccines from Russia, the United States and other countries, most traders, especially banks, reduced their transactions on gold and gold boring price correction. It started at $ 1963. Now, after President Biden's speech on the 1.9T grant, we expect more weakness for the US dollar and the subsequent rise in gold, perhaps to $ 2,000-2,100. Stay safe,
TVC:GOLDLong
by DanieCooper
Baidu Inc.Good day traders, We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms . The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national-security threat. It is also aimed to secure US supply chains. It puts further pressure on Chinese technology companies such as Baidu, as it limits their possibility to enter the US market or get any substaintial market share. Baidu saw some tailwinds recently after news that it plans to enter the EV market in a cooperation with Geely - however, it went quiet on that venture and there were no reports of progress in that direction.
NASDAQ:BIDUShort
by UnknownUnicorn11002527
2
REGI Neutral Possible Entry at 73.40$REGI has had a fantastic run since August of last year, running up almost 400%. REGI however has broken the 50 day SMA line which leads me to see it having more downside in the short term, going down to my price target of 73.40$. From there, REGI has the possibility of either breaking trend and continue down towards the low 50s where there is a lot of support for it or it can continue to maintain its trend and rise up to 120$. I see there to be many bullish catalysts for the stock including a Biden presidency, rising energy prices, and being undervalued compared to other companies in its industry. There are bearish warning signs which must be taken into consideration, a volatile stock/bond market, and REGI breaking the 20 day and 50 day SMA line. This is not financial advice, I am not advocating the buying or selling of REGI stock.
R
by kediguy
short term long to short US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level. in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
4
tradingview is a bitch making me re-write all this shitIndications & Patterns Monthly TF - Descending Wedge formed and being tested - EMA21 being tested with ATH volume Weekly TF - Heavily tested EMA21 and SMA50 broken and have crossed - SMA100 now being tested - Leaplong downtrend line forming descending triangle with fib 0 - Bullish Div on Sqzmom Daily TF - Bear div w/ possible hidden bull div on MacZ - SMA200 crossed EMA21, SMA50 and now close to SMA100 2hr TF - EMA21 transitioning to downtrend Fundamentals - Medical Cannabis Sector (Biden) - Sector leaders such as AXIM,ZYNE,OWCP have increased 100%+ since Feb, but before the recent red days. ARTL has lower market cap then them, they have increased 200%+ since Feb - "Authorized Shares of Common Stock from 18,750,000 to 750,000,000." Dec.12 - "Equity Incentive plan from 2018 recently passed by SEC" Dec.16 - Share Float - 45% - 37% held by investors, 18% by shareholders - Short volume .20 - Short float - 14% Verdict - Sideways, or even downtrend for the coming weeks, followed by a pump to $6.5 area to fill gap down
NASDAQ:ARTL
by TBirben
Oil is Still a Good Buy at this PriceThe Price of Crude Oil has recovered after an awful 2020 year. With a new president elect bringing new sanctions, there is a lot to like about oil even above $60 a barrel. The massive decrease in supply due to the shutting down of the Keystone XL, will cause a continued uptrend overtime, similar to the one we are currently seeing regardless of demand (which is relatively low all things considered). As mentioned before while oil hasn't seen a huge relative shift in demand since late 2020, with airlines and cruisers opening on a larger scale as the corona virus vaccine is distributed in many first world countries, a continued adjustment of price is likely to follow these reopenings. Furthermore, with similarities in policy between Joe Biden and Barrack Obama, Oil could be worth $90 a barrel again by 2023. This of course would be a result of a full reopening which seems clouded at the moment by new COVID cases occurring, but a direct result of this is a slow recovery of the dollar and this is what allows for this thesis to be more sensical on a short term basis. Between inflation rates and economic scarring, as well as the fact there is a new stimulus bill on the way, the US economy is receiving large amounts of money inflow thus drastically chaining the value of the US dollar, while the impact may only be a small hitch to overall recovery of the dollar, the near term liquidity in cash across the US makes has made for higher prices across the board (Gold, equities, consumer goods). Yes $90 a barrel seemed unlikely/near impossible a year ago but things have changed since then and with new policies (may they be energy friendly or not) oil is bound to see a bounce. My projection would be $75 a barrel by the end of 2021 and possibly $85-90 by the end of 2022 be that if my thesis holds true.
FX:USOILLong
by crawfordpaul
Axis point, possible turn towards new highs and more volatility.Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and not connected to real life events known to the general population but instead something else. Possibly this other could be the dollars position as a fiat-franca, a currency for transfer and therefore a stronger currency than most. Bitcoin, on a sidenote, would then be questioning this position in a sense and at the same time Elon Musk. At the same time one would also be able to say that Bitcoin should in a sense be connected to silver. A silver/bitcoin index. What the value of silver is in relation to bitcoin. Hope this contributes somehow to your analysis and thinking in these matters. Also remember, I'm just a silver noob. Don't take my word for it.
FX:XAGUSDLong
by investaton
Don't Be Fooled By BEARISH GOLDSome interesting info on Gold. Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument. If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far from over... Coupled with the geopolitical risk component that has held up gold for decades has almost vanished too, with the shiny metal falling instead of rising from a recent flare-up in Middle East tensions. Things are not what they seem. From a technical standpoint only; Main swing from the 2016 low has made a 1.618 spike and pulled back to the 100% Level (1) before shooting up to the 2.618. Secondly - the 1.618 level on the smaller swing move is around the $1,655 level. We could see this level. Step up to the monthly level and we can see an extended Regression channel - touch the outer channel. Supported by monthly Stochastic pointing down. This shows the levels of trapped traders - currently in Long positions - If you look left, we could see a repeat of this last spike down. Xau (Gold) Strength is also falling still and has room even to the 50% level as per the strength indicator. Drop down to the daily & we can see the price has broken the X-Trend structure to the Bearish side. As well as the XAU strength being less than the DXY in the short term. So in the short term, we could expect some more moves to the downside. A potential push up to the trend around 1,850 could be the current roof until the move down completes. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDShort
by Mayfair_Ventures
10
Update on $ACTC, I Remain EXTRA BullishI've corrected my last idea ( ) on the formation of the Bullish pennant and the date of my PT. MACD and RSI on the 3-month are still looking very tasty. As I described in my last $ACTC post, Proterra has a strong presence in the EV space- owning 50% of the North American market share within EV bus sales. Short interest has also DOUBLED in a two-week timeframe. nasdaqtrader.com This is a 10yr+ hold for me. Crazy how little conversation is going around about this hidden gem!
ALong
by ClargyInvesting
6