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Virgin Galatic long or shortVirgin Galatic has been making its name recently, yet should you be buying or selling? The honest answer nobody knows, yet we can try to get pretty dam close to where its gonna go. Almost everyone knows that this company is gonna be losing money in the short term and mid long term, yet is priced in? I say it's not and its EPS will be corolated with the SP500 with the ETF UFO being connected to SPCE price movement till the reevaluate their portfolio. For a discloser I sold my SPCE at 27.80 after buying at 11.30, yet I been playing it has a caution from being from the Crypto markets. I'm not saying I'm a bear cause I sold early, but I just want to see confirmation and strength in the graph before reentering with its atl being the $7 range I would go short with it 19.06 being a last resort hold for the bulls and 25.25 being just above a 60% correction in the micro bubble of SPCE. I put 27.99 give or take as we may have a bounce unless we blow through it. The MACD is bearish with the RSI neutrual, which could have a short squeeze yet looks very dependent on what the EPS is gonna say. A trading range of 38.72 has the high, yet the low hasn't been fully formed just yet but could say at current price could be the bottom of the current trading range, yet the volume has been rougly 100million shares traded daily. I would be short with no option call just shave off profits and WSB is already moving on from SPCE, yet shouldn't really take financial advise from them since with the amount of traders there could only move the market all together is .01% thats if everyone got behind a stock.
NYSE:SPCEShort
by nathanielx9
1
SPX - GOLD/SPX Ratio - Divergence Signals Meltdown or Melt Up?This is a a very interesting chart today, on the left we have the SPX as of present time (monthly), in the middle we have the SPX/ GOLD ratio (monthly) and on the right we have the SPX chart during the period of the tech wreck (monthly) from 1996-2001. SPX: Then and Now Firstly i want to draw your attention to the previously stated rising support and resistance lines, on both SPX charts, the similarities are undeniable. With one major difference, the purple vertical line marks the Repo overnight rate spike and the subsequent global CB liquidity dump into the markets, if we examine the charts prior to this point, the SPX appeared to be in the last wave of the 10 yr bull market, in fact corporate earnings reflected this, as earnings failed Q1, Q2, Q3 and Q4. The pattern of three slightly higher highs is self evident, albeit the lowers were more extreme during the 2018 topping pattern, with the second down wave being 15% compared with 10% of the 2000's second wave. What can we conclude from this? Well, i think that if it were not from the CB pivot to easing monetary policy and a indiscriminate lender in the Fed via the Repo market, then the SPX very well may have retested the lower trendline at around 2,500. Instead the SPX has piled on an additional 410 points onto the index, but the risks have not been alleviated, far from it. SPX/ GOLD Ratio: Trendline break The SPX/ GOLD ratio tells quite an interesting story, the ratio has been in a steady uptrend since 2012, in other words, stocks have been decisively outperforming gold for that period of time (no surprises so far). But as you can see, there has been a clear trend break in June-July 2019, the ratio dropped quite suddenly, before reversing and going up to test the trendline from below, the point at which the ratio reversed and began climbing again was during the Repo/ liquidity dump, this is not surprising at all, however, the fact that the ratio has been unable to reclaim the trend before falling away again is quite interesting. This would suggest, at least according to the ratio, that the SPX may very well have peaked and begun the roll over into a "gold measured" bear market. I want to stress something however, this does not mean much AT ALL, when it comes to the dollar denominated index, what this means, if true, is that gold will also be benefiting from this move higher (should stocks continue higher) and we may very well be entering a "Melt Up" Phase, whereby most if not all asset classes are carried up in a sea of liquidity (for stocks and risk assets) and weaker fundamentals such as gold. It is worth noting that although stocks are grossly overvalued, as a trader i must acknowledge that billions of dollars will be injected to prevent a 2000/ 2008 style melt down, this may very well result in the most insane rally in equities in modern history. Bankers know the damage that stock market crashes can do and governments are now dependent on a rising stock market, both politically and financially, therefore i expect to see a sea of liquidity enter the market at the first signs of trouble. But, even a 20% drop from these levels would still be within the two trendlines, so the point at which the liquidity will come, is still uncertain. -TradingEdge
SP:SPX
by Profit_Link
1
Guess What - Even More New All Time Highs Coming - Read belowEveryone knows the stock market is at record highs because the US economy is the best ever. HAHA! Coronavirus is stock market bullish. How could it be stock market bullish when considering the following: Apple is lowering earnings guidance, china's economy is hurting, and hurting US economy? Well the Coronavirus is causing China to pump 150 yuan into the market this is pushing China's market up, stock market positive. Guess who else is doing the same thing, US is pumping record amounts of cash to push this market higher. We are qe infinity and the stock market will continue to go up until the central banks that run the world decide to end it. We in a massive stock market bubble that will continue to get bigger.
TVC:SPXLong
by rjchilia123
Will the Coronavirus cause an Economic Recession?During a week when the coronavirus threatened to become a pandemic that hammers global growth. With reportedly 6 % of the world population under quarantine, and probably more as China continues to adjust the reporting goal posts. Yet the US market continues to whistle while walking through the graveyard with the S&P 500 Index advancing four out of five days, posting three records along the way. Investors are now keenly watching to see how the possible output slowdown could take a toll on US Tech Giants, with the Nasdaq 100 up around 36% this year. Could we finally see the US stock bubble pop?
OANDA:NAS100USD
by BlackBull_Markets
SPX - 2000 and 2020 - 20yrs Apart - Same Old PatternCall me crazy, but there appears to be a tremendous similarity between the price action now, and during the late 90's and 2000 tech wreck, there is one key difference, that is the 2000 price action topped out and rolled over after the final wave up, whereas the 2019-20 market found a friend with the fed's injection of liquidity into the repo markets. The end to QT and the September repo intervention (around the highlight region) was the point where the price broke out and the non-stop rally into 2020 began, however, as you can see we are at crucial overhead resistance (going back to 2012), whilst it would not surprise me to see a melt up phase (more so than we are already experiencing) and a blow out of the resistance, the probabilities of a continued rally after the fact is dubious at best. Food for thought. - TradingEdge
SP:SPX
by Profit_Link
2
The biggest Bubble Ever Blown!Beware here....the rising wedge is the final wave of a bull market. Expect a big pullback in 2020. If there should be none there will definitely be a 50% pullback following the election. No need to get short until the support line of this move is broken and then becomes resistance and a Fibonacci level has been reached simultaneously. Make no mistake this is a bubble. However Bubbles can go on for a long time. Stocks are way over valued. Lending has fallen off a cliff in the Feds latest report. You can usually get out without enduring much damage on the rebound. The Fed just injected massive amounts of money into the banking system in October. This causes banks to have to raise cash reserves. Banks raise cash reserves by slowing lending and selling risk assets to buy treasuries.
SP:SPX
by josephaccetturo
4
WHEN MARKETS GO WILD! The DJI, S&P500, Australia200 and the DAX all went wild today. No predictions in here. This is just the big picture of the daily time frame. I have to say that I am totally surprised by the DJI pump north. This markets is highly overvalued something like 17-19 times that of fair value for stocks comprising it. I won't go on much longer about that, we've seen markets go wild before e.g. dotcom bubble. Theory of curves and rising wedges failed here. These things do no rule markets. The FED has given the implicit guarantee, and the big boys took the markets well north. There's QE4 and soon QE5 coming up. So north is now the greater probability. I'm out because this is a highly unstable situation. Oh - but it's not QE because the FED says so - riggggghhtt! LOL. The POP is coming - and everybody wants to know when. Look, it's like bad weather. You can see the storm clouds gathering but you just don't know when the heavens will open on you with a downpour.
FOREXCOM:US30
by Captain_Walker
POP!! IT'S COMING!What people want me to do is tell them when the bubble is gonna pop! Well, well - I can see the weather outside my home is setting up pretty badly, but I can't tell when a downpour of rain is gonna come! I'm as I'm so bad at weather forecasting - how on earth could I possibly forecast market crashes? All I know is that when I see bad weather I'd better wear a raincoat or carry and umbrella - or alternatively don't venture outside! Is that okayyyyy? :) :)
NASDAQ:NDAQEducation
by Captain_Walker
6K is imminent, $5.000 soon.As you can see BTC is repeating the same pattern which was played out the previous year, just quicker. if 7.050 is broken, which is most probably scenario, then 6k will be displayed for a few days as the new support . The chart is showing up 200EMA indicator , the only reliable indicator for BTC . This idea displays an unavoidable scenario: bulls are doing their best to stop the price crash without luck. BTC will drop to $5.000 in the following weeks (1-2). On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash. As previously discussed, 200EMA is so far away, minning cost s for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings. In a nutshel, most of indicators show up strong SELL signals. There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable. Furthermore, there's an special interest for whales about stretching out the bottom ($4.000) in order to make bigger gains in late 2020 (Expect a cup and handle pattern which plays the keyrole for trend switcher). BTC probably will drop to 6k in the following day/s and if that happens, we can talk freely about 5k before Xma s. Open shorts whenever you got a profit (even if that's less than 1%) while you can do it. Stop losses = 1%.
COINBASE:BTCUSDShort
by diversionlulu
7
BTC repeating patterns, what a surprise. 5k in 1-2 weeks !!!!!As you can see BTC is repeating the same patter n which was played out the previous year, just quicker. if 7.100 is broken, which is most probably scenario, then 6k will be displayed for a few days as the new support . The chart is showing up 200EMA indicator, the only reliable indicator for BTC . This idea displays an unavoidable scenario: bulls are doing their best to stop the price crash without luck. BTC will drop to $5.000 in the following weeks (1-2). On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash. As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings. In a nutshel, most of indicators show up strong SELL signals. There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable. Furthermore, there's an special interest for whales about stretching out the bottom ($4.000) in order to make bigger gains in late 2020 [/b (Expect a cup and handle pattern which plays the keyrole for trend switcher). BTC probably will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December . Open shorts whenever you got a profit (even if that's less than 1%) while you can do it. Stop losses = 1%.
COINBASE:BTCUSDShort
by diversionlulu
4