Nasdaq Composite on CRASH watch!The chart shows the number of stocks above their 200 dma versus the Nasdaq Composite index and you could see the very negative divergence growing wider and wider. Big tech is hiding the extreme bearish market underneath the surface. This is coming to a point of a very fast sharp crash. If you look at the QQQ ETF you will notice that AAPL is over 11% of the QQQ ETF in terms of holdings. Once big tech starts to fall it's all going to come crashing down.
Stockmarketcrash
STOCK MARKET CRASH COMING!!!The biggest market crash in history is coming very soon! If you cant see this and see that the market is in a massive bubble propped up by stimulus money that will soon be stopped then you shouldn't be trading. I can see new lockdowns coming this winter which will see businesses close down again, many of them wont re open and will go bust which will mean thousands of people losing jobs therefore having no extra money to spend or invest and a housing market crash is just round the corner.
The market has been very easy to trade lately, every time it makes a new high it has a sharp drop which means investors are scared and so they should be! If you factor into this a possible massive cyber attack that could send the market to hell then you really would be stupid to buy into the market.
These are scary times in the market... only if you don't know what you are doing! If you have your eyes open then this could be a very good time to make yourself rich.
On the chart i have key levels marked out that have been used as strong support and resistance, 34859 was broke last week which was a strong level so my next target is 34164.
Hope this information has helped you :)
Gold + RSI Divergence (Click to find which one)Good day guys! My team and I have been milking Gold all week with 200+ pips trading live Tuesday, Wednesday & Thursday. However, I am simply updating you all on the overall move and that is downward. As price action demonstrates to break the previous high this week, you notice there is bearish divergence present within the RSI. With the relative strength index indicator providing us a strong confirmation of a market reversal, we are now waiting to check off all the confirmations within our checklist. In other words, just because the RSI indicator is showing signs of a reversal, it is not something we trade alone. If you notice our previous analysis around June 8-10th, we were able to send a last warning before profiting over 1200+ pips. However, that was a opportunity we were watching for almost 2 months. When it comes to trading as a professional, you have to digest that you will probably spend 5% of your time actual trading and 95% waiting. Due to the fact that the markets tend to range more than they trend, you have to be patient. We could see our move occur next week or it could be drawn out until the end of the month, until the next Fed meeting. In conclusion, instead of trying to predict, we simply just react. Well, we do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick Goss (CEO)
Third Eye Traders
A Troublesome Outlook for Stocks SPY on 1 Month. In the last 12 Years we have seen 8+ Corrections Occur after a Doji Candle has formed on the One Month Chart. According to Investopedia "A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts." I have pin pointed 12 moments in the past 12 years where these candle formations have lead to a correction. (Not all Doji candles are perfect, the main detail I am looking for is an Open and Close that are virtually equal) All percentages were tallied at close of each month not wick.
October, 2007
% Lost: 53%
On October, 2007 a Green Doji Candle Formed, after that candle formed a green candle didn't form for the next 5 months, and the market fell over 50% for the next year and a 1/2.
April, 2010
% Lost: 16%
On April, 2010 a Green Doji Candle Formed, over the next 2 months the market saw a major correction of 16%. Now what is different about this correction compared to the 2008 crash is that volume was below the average at least 3 months prior. AVG 5.7B, ACT 3.9B. Now this is a trend we will see prior to the corrections in the future.
April, 2011
% Lost: 18%
On April, 2011 a Red Doji Candle formed, over the next 4 months the market fell 18%. The Volume 3 months prior was below the average, AVG 4B, ACT 2B. A new trend that we will see from here on out is that the bottom occurs around the 55 EMA line.
April, 2012
% Lost: 9%
April 20, 2012 a Red Doji Candle formed, over the next month the market fell 9% right around to the 55 EMA. The Volume 3 months prior was AVG 4.2, ACT 3B. Below Average.
April, May, July, 2015
%Lost: 10%
These 3 months each had a Green Doji candle leading up to a market correction of 10%. Which Lasted 7 Months, and two wicks ended around the 55 EMA. The volume was below the average at AVG 2.3B, ACT 1.9B.
September, 2018
% Lost 15%
On September, 2018 a Green Doji formed, for the next 4 months after the market fell 15%, and a wick landed right around the 55 EMA. The Volume 3 Months before was AVG 1.6B, ACT 1.3B.
January, 2020
% Lost 23%
On January 2020 a Red Doji formed, over the next 3 months the market fell 23%, and closed on the 55 EMA. At its peak the market fell 33%. 3 Months prior the Volume was below average Rectangle
Future Outlook:
The Last Two Months have been shaping up like the 7 corrections previously stated. 4 out of the last 5 months have been below average AVG 1.8B, ACT 1B. with TWO GREEN DOJI CANDLES FORMING. Not to mention the Market going up 40% in the last 15 month, Rates Expected to raise soon, Inflation expectations increased drastically, the Fed Artificially Stimulating the market (possibly easing up soon), 6 Trillion+ being printed in one year (possible 3 trillion more soon) Things are not looking good for the stock market. We all need to face the fact that a stock market crash/correction is coming.
The average of the last 7 Doji Corrections is 14%. If The SPY drops 14% it will go to $360.
The Last 6 Corrections have ended on or near the 55 EMA. if the SPY falls that far, it will fall around 28% to $303.
Only time will be able to tell what happens next, but things are not looking good. What do you think.
S&P 500 Megaphone Pattern - 50 Percent Potential DipI am bullish long term but wouldn't be surprised if we had a correction that rivals 2020, 2008, & 2000. Looks like a megaphone pattern. Currently, I am sitting about 50% cash, ready to deploy on the correction. If you disagree then ask yourself why big players like Warren Buffett or Dr. Burry are selling large positions or in Michael Burry's situation, putting a $500M short on Tesla? Let's hope I am wrong but I have to be honest with myself considering we are in a phase of euphoria and the FED is just fanning the flame with their MMP. What are your thoughts? Am I the only one that sees this?
Splunk hitting a long term trendlinePrice is bouncing from a long term trendline that has been tested several times in the past
Target price: 215
Expected Returns: 90%
position in the same direction as the market55 days moving average is support but then it beats to 26 days moving average resistance and the slide will continue to 99 days moving average. the best point for a long position is on the 99 days moving average. after that 55 days moving average acts like resistance.
$DYNT Announces Extension of Key Distribution AgreementDynatronics Corporation Announces Extension of Key Distribution Agreement
Bird & Cronin Renews Group Purchasing Agreement with Intalere for Orthopedic Soft Goods and Bracing
Dynatronics announced today that its wholly-owned subsidiary, Bird & Cronin, LLC, renewed its purchasing agreement with Intalere, one of the leading national group purchasing organizations in the healthcare industry. The new agreement which extends the partnership through January 2024.
Intalere members will receive negotiated pricing on our full line of orthopedic bracing solutions for spine, upper and lower extremities including key products such as the Sprint® air walker boot and U2TM wrist brace. With more than 100,000 members from healthcare organizations all over the country, Intalere members make nearly $9 billion in purchases annually.
finance.yahoo.com
Which direction we will go?Hi, there is an update to the current situation of inverted SP500 graph
We are currently in a kind of wedge which can go in both directions. Imho March will be definitely "deciding month" in which direction the stock market will go. Therefore, it is appropriate to consider risks - to be in the market or not to be in the market and with what % of an amount of capital, eventually consider to protect yourself by some short positions or options.
Scenarios:
1) Currently I would expect to move from the current 3900 points to about 3800 points (cca 3% correction) is the minimum healthy correction we should make.
2) Deeper correction, which would mean wedge to be broken. It may occur in parallel due to some bad news (for example higher inflation - helicopter money, battle usa-china, some covid bullshit etc ..) This would mean a correction at least about 10% to 3600-3500 points there are a long-term trend, support and strong moving average MA200.
3) Everything will be shiny, wedge will be broken in bullish direction (btw: don't forget that people in the USA will get more money during March, which will quite likely go to the market again - according to JP Morgan research)
Final word: pay attention until market will decide. Btw: in any case on RSI is bearish momentum and divergence.
Why $DNK stock price surged heavily in november?Why DNK stock price surged heavily in november?
What triggered the stock price surge is a report by Chinese media outlet Thepaper.cn saying that 5I5J Holding Group (owner of Danke’s rival Xiangyu) is in takeover to buy Danke.
There have been reports that Danke was pursuing bankruptcy, but the company denied those reports on its Weibo account earlier then, according to South China Morning Post. One of the reasons why there is speculation about Danke filing for bankruptcy is due to upfront payments being collected from Danke tenants, but there was a failure to pay the landlords. This is why tenants and landlords protested at Danke offices later.
pulse2.com
Why $BRN skyrocketed in January?Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest
$BRN is pleased to announce today that it has entered into a cooperation and support agreement with MRMP Stockholders, with respect to the potential proxy contest pertaining to the election of directors to our Board of Directors (the “Board”).
the Company will nominate its current slate of directors, which includes three of the MRMP nominees and two new independent directors elected in 2020, to stand for reelection to the Board at the upcoming 2021 annual meeting of stockholders.
The MRMP Stockholders have agreed to vote their shares of common stock of the Company in favor of the election of the designated slate, and the MRMP Stockholders have agreed to withdraw their proposed slate of directors.
I’m gratified that the Board of Directors will be unchanged from last year and be able to continue its efforts to move the Company forward.
The agreement that we have forged with the Company should avoid distraction and unnecessary expense allowing our Board to continue to position Barnwell for long term positive cash generation and further share price appreciation.”
finance.yahoo.com
BlackSky to List on NYSE via Merger $SFTWBlackSky, a Leading Real-Time Geospatial Intelligence, Imagery and Data Analytics Company, to List on NYSE Through a Merger With Osprey Technology Acquisition Corp.
The business combination agreement is expected to provide approximately $450 million of net proceeds to the combined company, assuming no redemptions, to fund expected future growth, including a fully committed $180 million common stock PIPE with participation from leading institutional investors including Tiger Global Management, Mithril Capital (co-founded by Ajay Royan and Peter Thiel), Hedosophia, and Senator Investment Group. Additionally, Osprey’s sponsor and its affiliates are investing over $20 million in the PIPE.
Pro forma equity value of the merger is expected to be nearly $1.5 billion at the $10.00 per share PIPE price.
BlackSky has established contracts with multiple government agencies in the United States and around the world. BlackSky’s pipeline of opportunities grew by $1.1 billion in the last twelve months and stands at $1.7 billion today.
The transaction is expected to close in July 2021.
finance.yahoo.com
Why $ELYS Game Technology soared in 2021Why Elys Game Technology soared in 2021
On november 25. Company Announced Appointment of Senior Gaming Industry Executive Matteo Monteverdi to CEO.
Matteo has been leading world-class B2B and B2C teams in the technology and digital industry for over 20 years between Silicon Valley and Boston. He spent the last decade of his career at the intersection of social gaming, digital betting, i-gaming and media working for international organizations in high growth segments.
finance.yahoo.com
Elys Game Technology Revenue Increases 44% to $9.7 Million for the Third Quarter of 2020
finance.yahoo.com
$TUSK awarded a contract of $40 million in revenue Mammoth Energy Announces Growth of Engineering Services Company
$TUSK today announced that its wholly owned subsidiary, Aquawolf, LLC (“Aquawolf”), has been awarded a contract by a major utility to provide engineering and design services. The three-year contract is expected to generate up to approximately $40 million in revenue over the contract term.
finance.yahoo.com
$TRCH Senior Secured Lender Converts Remaining $1.5 MillionTorchlight Senior Secured Lender Converts Remaining $1.5 Million of Senior Debt
announced today that Torchlight's only remaining secured noteholder has converted all $1.5 million of its remaining position into common stock at the conversion price of $1.50 per share, for a total of 1,000,000 shares. This leaves Torchlight with no term debt remaining on its books. The blanket liens on the Orogrande Project and the Hazel Project that were securing the debt will be released in full.
finance.yahoo.com
$LKCO Announces $15.0 Million Registered Direct OfferingLuokung Technology Corp. Announces $15.0 Million Registered Direct Offering
today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $15.0 million of ordinary shares at a price of $0.888 per share.
The Company will issue a total of 16,891,892 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 8,445,946 ordinary shares at an exercise price of $1.11 per share, which Warrants will have a term of three years from the date of issuance.
$LKCO $5.0 Million Registered Direct PlacementLuokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving
EMG recently worked with BAIC BJEV to provide HD map services in autonomous valet parking ("AVP") for BAIC New Energy vehicles. The two parties will cooperate in depth on L3 (conditional driving automation) to L4 (high driving automation) autonomous driving related projects.
finance.yahoo.com
Luokung Technology Corp. Announces $5.0 Million Registered Direct Placement
today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of $5.0 million of ordinary shares at a price of $0.52 per share. The Company will issue a total of 9,615,387 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 4,807,694 ordinary shares at an exercise price of $0.68 per share, which Warrants will have a term of three years from the date of issuance.
finance.yahoo.com
$SOS Blockchain PlaySOS Limited (NYSE:SOS) stock is up more than 70% from yesterday with 2 specific catalyst :
1. SOS stock was up in trading on Tuesday, Feb. 9 after receiving 5,000 cryptocurrency mining computers ahead of the scheduled delivery date. This is part of the company’s wider plans in blockchain and cryptocurrency, part of which includes capturing “the rising cryptocurrency price.
2. The company also announced on Tuesday the exercise of nearly 24 million American Depository Shares (ADSs) for gross proceeds of approximately $48 million. The company said proceeds from that offering would go to developing the cryptocurrency segment of the business, plus working capital and general corporate use.
These SOS-specific catalysts come against a background of increased investing interest in cryptocurrencies, both from large-scale institutional players and from individual retail investors.
investorplace.com