I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP.
Looking now we have potentially a short position coming up.
Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts.
Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
Trumprally
Spy Drill Round #2 - spy 270-280 ??!?! AMA , MSFT, APPLE ATH!15% of SPY is Amazon, Microsoft, Apple
Spy is trading at 315.
15% of 315 is 47
315 - 47 = 268
Once amazon, microsoft, and apple at drop the same time , spy will DRILL harder then ever!
They are drilling it right in front of our EYES. these stocks are WAY TOO HIGH!!!
Its like the worlds rich gang are loading puts on spy before they sell of big positions on ama msft and apple.
This is pure speculation please dont go trading off my crazy ideas. ty for reading!
If rates stay the same.With the US employing a half-baked response and most communities only taking the virus seriously within the last several days, I am forecasting about 150k cases based on the current rates of 20-25% increases per day. It is important to note that this extreme blow off top could have been prevented by proper leadership in the earlier days of February, such as setting up and priming supply chains with the proper tests and medical supplies. As we can see, the results of downplaying the seriousness of the situation are really contributing to a very bullish environment. At this time, we can't be certain when this bubble will pop.
Green Pill or Red Pill, NIO - You Must Chose- strong social & hype fundamentals
- China trade risks already priced in
- Counter trade to Tesla failure/ meltdown
- institutional and media sentiment turning around
- direct access to massive organic growth China EV market
- intriguing stock to float, short % and borrowing rates
ORBEX: Trump Comment Reduces Haven Flows, Brexit Extended Again!In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked #EURUSD on the back of yet another #Article50 extension and as #pound seemed a little "out-of-touch" with the latest developments surrounding #Brexit.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
BTC - DXY - SPX fundamentals - long term ideaPoint of this idea is future reference!
Candles - DXY
Yellow - Bitcoin
Blue - SPX
Comparing cycles of BTC with regards to the dollar and stock market.
For a booming iconomic cycle we need:
1. Access of money
2. Access of optimism
3. Low risk tolerance
At end of 2017 we had SPX at ATH , tanking dollar , optimism in the markets and willingness to invest in risky assets such as bitcoin.
Lows of BTC corresponding to SPX lows and uncertainty in the markets.
Since than we have a rally in the markets, new ATH for SPX , strong rally in BTC up to 14k with no formidable resistance over.
Only thing we are missing is the weak dollar to fuel even further the rally and here comes president Trump.
Trade wars with China and upcoming 2020 elections, president Trump bashing the FED for increasing interest rates , led to FED lowering them.
For next year if not this one in orther for him to get reelected, I assume we will have a resolution and coming to terms regarding the trade war , president Trump wants weaker dollar and will continue his pressure towards the FED to lower even further the interest rates, this may(will) lead to weaker dollar ( not necessary) and will fuel the upcoming rally of BTC and stock market rally even further.
FOMC Bounce SetupSome slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform.
Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to backstop any correction in this market, we can expect more of the same. Bond yields continue to be suppressed for a reason - to push cash out of bonds and into stock.
USD/CADPrice can possibly retest to the 1.3238 level before making its way up, as the pair is moving in an upward trending channel.
Possible targets are around the 1.3787 area, which represents the resistance of the channel, and a risk-reward ratio of 1:3.
Price already broke out of a descending trendline after a correctional wave (counter-trend), therefore we can expect prices to start rallying.
Bear With Me. Final Episode to the Series.Pun in title intended. This chart has a lot going on now. I've been playing off of the same chart with the same long-trend lines drawn on it, so we'll just call this one Part III of the saga. What I've discovered today feels like some serious implications, and I have hardened reasons to believe that the Dow rally on this leg is over.
Here we go...
So, I've pulled up the Volume Oscillator indicator because it does a great job at allowing you to pair long term volume with short term volume, converts them into different moving averages, gives you a difference between the two to provide you with an index that gives us a relative point of view as to what's going on in with the market sentiment now VS this 200-day moving average of volume data.
Why did I select 200 days?
200 days is arbitrary. It gives me a little more than half a year and a little less than a whole year of trading information, and from what I've seen in the world of commerce, years are compartmentalized in terms of major milestones on a semi-annual basis. So, for the big stuff like capex, investment projects and debt issuance, a lot of that goal-seeking has an overall semi-annual consequence. The reason I put in a little bit over 6 months, however, is because it reflects a lot of major turning points in the market that I want to make my charting relevant to.
...I'll explain more on that later. There's quite a bit of evidence in previous versions of this chart that I'll have to cover, and it could not play into my theory any more perfectly. As a hint, Just before Donald Trump was elected, this market was seeking direction, and just as soon as we were gearing up for the November election, something happened in the financial seas that made unmistakable history with breaking the "line 1" trend line I depicted in my 1st and 2nd chart. Volume Oscillator Ticked and boomed us right through that resistance line that anchors waaay back into the 2008 recession to about 2016, where we took off at that breakout and blew out our engines, thrusting into altitudes we'd never seen before.
Anyhow, 200 days is a great MA on this one. So, what does this have to do with this very moment?
Relax, I'm getting to that.
The short MA of the oscillator is set for 3 days because I'm trying to get an idea of turning points relative to a whole broad-scope of data, and this has worked so far in showing me where the trends run out of gas, pick up momentum in the other direction and dump volume into another leg of a new trend.
The area I've circled is just after we drove 3-day volumes right into the December pit, where CNBC stated was "the bottom". And as we know, that's fake news. Not CNBC necessarily but "the bottom" indicated. We see the crest of the volume indicator moving up, coming to a point, and just as quickly, tapering off as the market decides to take us on this drastic upswing that started in the beginning of January.
That's the part that is important. We took a massive rally in this past month, and if I'm using a 3-day short MA paired to a 200-day MA, that's a clear indication that this rally happened while a lot of folks were holding onto their positions or just plain holding out altogether. This doesn't imply that people sitting on the side-lines didn't have skin in the game. No, quite the opposite. It means the people on the side-lines were doing just that...taking a seat for a while.
But as we could already see, they were active at one point, so we know that they are certainly there. I cannot stress enough that this indicator trips against 200 days of volume averages, so we're seeing statistically significant behavior here. That's huge.
Another thing I NEED to point out is how the volume indicator reads just like any other chart pattern otherwise. Look at the bounces where it finds support, notice also that is finds levels of resistance as well. After some time, it will move in either direction when caught outside of its support/resistance range. Right now, we are drifting right back up passed the red line, which is the average overlayed by the Bollinger bands on that same indicator.
While it is moving along this average, it is seeking a break point. Oh, and I almost forgot to tell you; the average used on the Bollinger band is also a 200-day MA. Meaning that the oscillator line skirting along that MA is simply looking for its relative breakpoint.
So, here's what we do now... Stay with me folks, we're almost there...Let's jump over the ChandeMO, which is our momentum indicator. This is going to move with the chart on uptrends and downtrends fairly similarly to the RSI, though it's much more tuned to reflect the competition between up and down movements while also keeping the average-differences accumulated for that 9-day average. I know that sounds like a mouthful, but it's very literally what shows us if we're running out of convincing room to move further down or running out of gas in moving further up, while maintaining within that -100 to +100 bounds, and we are CAPPED OUT.
What I'm saying is that it can hold on the high-end for a while, but look also where the actual candle sticks are relative to that white resistance line. It cannot give us this plateauing momentum configuration and read as though the candlestick trends will continue moving higher - past the resistance line. That's not going to happen. So, we've got a solid read on the market with 2 things here:
1) Bears are literally waiting for confirmation to dump on this market, and they are sitting on the edge of their bench, waiting at the side-lines.
2) The fervor behind this month's upswing is puttering out of fuel.
What is even more concerning is that we're just on the tail-end of very narrowed volume oscillation and already on the other side of the
thinnest point relative to that 200-day average. To me, this reads that those Bollinger bands are going to fatten up, and we're going to see a lot of activity here REALLY shortly because even volume has its trend.
In my experience, people are much more easily excitable into selling off than they are when it comes to buying in, and that just goes to show that risk-aversion is hardcoding in our DNA.
More charts to follow soon.
DOW JONES: Ever The Jewel In The CrownAs expected, the Dow, when compared with the SPX and the NASDAQ to name two, presents the most bullish of the bunch. The recent drop was severe, but no long-term damage has been done. And while the SP500 and NASDAQ closed red last week, the DJIA closed green. This is telling us that though profit-taking has set in, bullish fundamentals underpin this market.
Although it was a large drop, we have only tested the breakout line of the 2018 Symmetrical Triangle, which is a texbook move. It would be very bullish to ride this line down, making new lows, without a breakdown.
Of course, it is too early to say if this would happen, yet it remains on the table. The possibility of making new lows cannot be ruled out, especially in light of the incoming elections.
Another, more extreme possibility is that we whipsaw down, taking out the 2018 lows, and immediately return on an upward trajectory. This would also be a textbook whipsaw, as it would take out both the previous highs and lows of 2018, confusing everyone.
As always, we need to create the technical conditions that convert the consensus into bearishness.
I remain in a long-term long position, with funds ready to buy on further drops. The purple area is important - as long as we CLOSE above there, my bullishness remains. I am long-term bullish, short-term neutral.
SP 500: Possible CradleLast week, prices were well sold at the 21 EMA. This indicates that the bears still have control.
An interesting possibility is that prices could hit a Cradle point formed by a confluence of the Triangle boundaries. This point is also reinforced as the lower boundary of a possible larger channel. This mythical point in space and time could present as very powerful buying opportunity. For now, the burden is on the bulls to prove themselves.
With the US elections hanging in the balance, we should see players take sides in the lead-up. A choppy trend could develop which will either be confirmed or negated by the outcome.
I'm bullish-biased with a short-term neutral/bearish outlook.
S&P 500: May You Live In Interesting TimesThe SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all the howling and nashing of teeth, the S&P500 goes nowhere but up, for slander and innuendo cannot be traded.
I mention this because US political instability is a fundamental headwind. The Supreme Court nomination is a flashpoint that reveals the deep polarization, unfocused discontent, and indoctrination in the US. Meaning, if Kavanaugh is appointed, investor sentiment will be maintained, as it represents a win for Trump, and a win for Trump is a win for business. But, a lot of people will not accept this nomination, and it will only deepen political contention. Any threat to Trump may impact the markets negatively.
But for now, the markets are optimistic. Was today the dip to buy? It was trendline and horizontal confluence. I would like to see the lower parallels tested for an even better buy entry.
As traders, the best we can do is do what needs to be done, when it needs to be done. In a bull market, that means buying the dip. If the lower parallel is taken out on a closing basis, I will naturally readjust. For now, no damage has been done.
I find it troubling that daily, weekly and monthly stock/rsi are flashing bearish divergence. Bear div can always be negated, but this needs to be monitored.
In short, stay long. Buy dips. Re-adjust if levels are taken out to the downside.