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Reacting to Biden Executive OrderHere is an important one from yesterday: Biden made a speech praising capitalism and signed an executive order to "promote competition and fight monopolies" (the quotes are because I'm quoting not because I'm being sarcastic lol). It came 2 hours before the market close if I'm correct. Missed it. Doesn't seem like it collapsed prices. The order is a guideline, an agenda. Up to lawmakers I guess, maybe ministers too (whatever they are called in the USA). Here is the official propaganda: www.whitehouse.gov The order should be published here soon: www.federalregister.gov Profits have gone up more than wages so where did the difference go? They forgot to mention government spending ballooned, obvious where it went. I don't know what is in the EO, what laws will be signed, what consequences it will have. It's a big thing by itself and then it's even more work to try to guess what comes out. Monopolies (very often government enforced) are a huge issue, I got lots and lots to say about it, as well as corporate conspiracies (did you know US towns had a great tramway system before the automakers conspired to destroy them? They were found guilty and paid a ridiculous fine. I wanted to write about that too) For the past 2 decades wageslavery has grown! Less and less small businesses and more and more huge ones eating up everything. On top of that big tech has too much power and they piss off both sides of the US political spectrum, as well as foreign nations. My call was more hybrid (mix of centralized and decentralized) businesses such as mcdonalds & google-youtube which are giant companies BUT people there are self employed (the yt chanel owner and the MCD franchised owner). Here are an example of reforms that huge companies PUSH AND LOVE: - Higher minimum wage - A daily quality & health check that costs $1000 a day - Measures to protect the environment What do they have in common? They are expensive for the small fish, cheap for the big ones. What do they do as an end result? 2 things: 1- Very little to even negatively impact the workers lives and the environment 2- Economically eliminate the competition Min wages workers here and there think they earn more but clearly the big companies get a bigger share of the market and wealth is distributed more "not the way they'd like". It's like a generational downtrend with the fools celebrating each time there is a small sucker rally, a small "win for the simple working people", totally oblivious to the bigger picture. These guys reach multi billion proportions, perhaps the legit way with all the credit and respect that is due. But for some reason they want to use dirty tricks to supplant the competition. So they get 0 credit and respect from me. Terrible mindset. A bodybuilder had asked Arnold Schwarzenegger how to supplant the competition and he answered something along the lines of "don't talk to me disgusting subhuman I want the competition to be at the top of their game and beat them BECAUSE I AM EVEN BETTER". In this corporate world sociopathy and manipulative behavior gets rewarded and decent human beings get punished. Can these parasitic sociopaths even survive on their own or do they need a host to manipulate and leech on? I differ from commies on this subject as I am not envious and not against fair personal success and not against elitism, I actually want to eliminate cheaters for MORE competition and MORE elitism and MORE imperial greatness. When you compare a self made mastermind businessman like Cornelius Vanderbilt that fought and beat monopolies and corruption; to some 30 year old billionaires (or even 18) that originate from a famous family or made a website that got popular and never held a honest job in their lives, that keep giving their opinions on everything, get proven wrong, and never learn their lesson, have a spoiled kid behavior; well... there is something wrong here. The US is full of commies now that are angry which is a symptom showing such reforms are needed, I've been saying so for as long as I've been posting about the US economy. And you didn't need violent rebels to figure it out. Never pro-active. Anyway... Maybe we'll see the S&P 500 or Russell outpace massively the DJI? With the passive investing scam and its hordes of mindless "investors" the big companies have already blown out the smaller ones in price/earnings ratios which is something else that comes on top of big companies having a too large piece of the pie. Let's say lawmakers and the executive are well intentioned and real changes are made. Gorbachev also came up with much needed reforms. But too late. The Soviet Union collapsed. And Gorbachev got blamed. The solution got blamed for the fall. Me I am holding the US indice as long as it goes up. I will invest in west Europe, east Europe, the greater Maghreb, and throw in a little bit of middle east and west Africa (the rectangle). Warren Buffett said "diversification is a protection against ignorance", ye this is exactly why I do it rofl. Long term investing is not my job, I'm a short term FX speculator. I'd be happy with breaking even + getting a few dividends. It's mostly interesting because it is tax efficient honestly. I'd add the USA to my long term basket when I really start one (need money to invest first) if I like what I see, and right now I don't, BUT I am still long the bubble and watching it very closely, as a short term investment (been nearly a year though). Biden defending capitalism, as the US have done for decades. The whole world been defending capitalism or socialism/communism for over a century. The never ending debate. Meanwhile China couldn't be bothered and said "whatever yolo let's do both". I just saw a picture of a luxury ultra-capitalist Gucci store under huge communist propaganda façades with sickle and hammer symbols everywhere. Love it.
TVC:DJI
by MrRenev
1
COAL INDIAAs per the Japanese study of Ichimoku Multi Time Frame Analysis, Coal India has activated a C Clamp in daily time frame. As per the study, it could rally till 155 where the Kijun/Base line is currently, with minor resistance at 150 as long as it stays above 144 (fractal low) over the next 10 calendar days till it remains valid. In terms of R:R and time anticipation the set up looks decent. Do Your Own Research before initiating and follow levels (both in terms of reward and risk) always.
NSE:COALINDIALong
by Dinesh_C_Nagpal
2
ETH/BTC MACRO ANALYSISMan, remember a couple months ago when we were all moving BTC into ETH cuz it was looking so much stronger, and everyone thought the most epic alt coin szn was about to play out? Sigh... The reason to still be bullish on ETH / BTC is that it's still above that macro trend line that previously acted as resistance. We basically retested it, but now the price is heading back towards it again... If that doesn't hold, there's a fat gap in the VPVR (indicated by the :( face), which means the price may fall through that range pretty easily given the lack in volume of trades. If that happens, I would expect to see a bounce around the 200 SMA, but if it can't hold that, we're looking at more downside, probably. All the maxis on twitter keep chirping about how "the bottom is in" for BTC (and therefore, ETH), but I'm really not so sure. Bears are still winning, and without new institutional money coming in, I really don't see that changing, at least in the short term. I have buys set down to around 20k for BTC and 1.2k for ETH. I don't know if they'll all get filled, but we can't rule that prolonged downtrend scenario out yet, either. Trust me, it's hard to be bearish when there's still so much bullish sentiment and news. I mean, the fact that El Salvador making BTC legal tender and the Soros fund approving the trading of BTC didn't pump the price is SUPER bearish imo... Once bullish news starts having a noticeable affect on price, that's when you know the wind has shifted in favor of the bulls. Obviously can't rely / wait on that though. happy trades, CD
by cryptodonovan
NSE:LT Larsen & Toubro Trying to enter blue sky zone?Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. L&T (as per CRISIL consolidation) has superior liquidity driven by significant cash balances of more than 15,000 crore in fiscal 2020. L&T also has access to fund based limits of Rs 10,000 crore which has moderate utilization levels (including commercial paper). CRISIL believes the company has sufficient accruals and cash and cash equivalents to meet its repayment obligations and finance its capex requirements and investment requirements in various subsidiaries and JVs. Its unutilized bank lines are more than adequate to meet its incremental working capital needs over the next one year. NSE:LT > Dominant market position in domestic E&C segment with diversified revenue profile. > Strong financial flexibility and comfortable capital structure Negative points: >Subdued returns from significant capital employed notwithstanding moderate levels of debt service indicators > High working capital intensity of operations
NSE:LTLong
by Peaceful-Weekend-Investing
BTC/NEO SETUP" Break above 200MA = Early signal!Chart is pretty self explanatory. Breaks above 200MA often precede pumps, as do Golden crosses (when the 100MA crosses above the 200MA) Right now BTC is pumping, which is either another head fake to distract from altcoin setups, or, if BTC.D pulls a reversal, then ultimate alt season really will be postponed. I'm bullish on NEO either way (see previous charts below), and right now it's respecting this ascending channel. Hopefully this is the start of a macro reversal and not a macro bear flag; only time will tell, but I'm bullish. happy trades, CD
Long
by cryptodonovan
3
ADBE Further Downside?Looking at a triple top for ADBE in day view, followed by a breakdown below both the 20 and 200 day MA. Looks to have found support at 420, but hit the top of the downward trend line and is sitting at a previously established support level around 445. If ADBE fails to break up and follows the downward trend line, it will be forced to retest 420. If it fails and breaks down, the next support is at 385 and is weak, with the next strong support being around 320 from all the way back in April '20. If 420 fails, there is a probable 5% downside and possible 13%, if not more. The RSI is showing weakness, while the Stoch, MACD, and Madrid sentiment are all beginning to do the same. I will be watching for a potential short opportunity in the next few days. Many other charts, including TSLA, AMZN, NFLX, PYPL, NVDA, AAPL, PDD, ASML, are all showing similar weakness (the largest caps on the IXIC), while INTC is failing to break up through its most recent resistance. CMCSA, another large cap IXIC, appears to be strong but showing overbought on the RSI and Stoch. Buckle up, it could be a rough week.
NASDAQ:ADBEShort
by hobo4000
LARGE CAP - SOFTWARE - TECHNICAL - SOLID GAINER - Unity Tech $U U has been a very solid performer in my portfolio, and I think now is a great entry point! Today Cathie Wood added 195k shares for ARKK. Her buy is a great alert as any. She owns about 5M~ shares across her ETFs. FA: - One of the 2 kings of animation software. Until Epic Games (Unreal Engine) goes public, U is basically a tech monopoly. - ER in 83 days TA: - Nice support level, at 0.5 Fib - Bottom of Bollinger - Made morning star reversal candle - MACD converging, signaling bullish reversal - RSI oversold, U never stays at these levels for long - Nice ratio Gartley - Gap to fill to 150~ Bear scenario: - Looks like it can possibly go down to 0.382 Fib levels depending on broader market conditions... around 106 Strategy: - TP1: 150 - TP2: 175 - SL: 86 - RRR: 1.77 - Timeframe: 83 days - Long term PT: 240+ EOY The RRR isn't too great, but I post this because this is such a solid hold IMO. My friends and I all love this one. GL and Enjoy!
NYSE:ULong
by UnknownUnicorn1043646
1