ridethepig | Silver Slingshot📌 ridethepig | Silver Slingshot
Attacking the highs several times • The protecting sellers get in each other's way! • How to maintain the momentum • The birth of fresh strength • Reassessment as an invalidation
Since after:
The move has been very promising, buyers should, as has been emphasised a few times, have played the momentum trigger. What is the importance of this you may ask? Well, in a nutshell, it renders the 22.5x strong floor as an outpost and fixes it in place in a well defined map. Previously buyers were unable, for good or ill, to break through the highs in one sweep, which is now possible and defines our slingshot.
We must also recognise that 26.0x (our pivot level in play for this exercise) contains recognition from both institutional buyers and the WSB crowd dreams of forcing their opponent into capitulation. When both sides align, it's time to swing the bat - it is no surprise that Silver is catching a bid - the people's coin one again being defensive and passive. The goal is an ideal one; the 27% posted targets (see 33.2x).
The continuation in nature might be very similar to the playing before:
This slingshot shows us the dark side of multiple protection of dollar devaluation which puts the inflation side in the spotlight. You should take with you the idea that underlies this move, in order to be able to maintain the pressure, one must not allow the noise from politics and etc to break your short dollars development. Instead we are going to use the market structure as our guide to clear up any information asymmetry, i.e, if sellers take 18th Jan lows (24.0x) in a sustained breach it can show early signs of the momentum fading and will call for reassessment in the bullish view.
Thanks as usual for keeping the feedback coming 👍 or 👎
Wsb
$GNUS Higher lows PRICE... Lower Lows RSI... Bullish DIVSAdded more $8 April 16th calls this AM.. prepare to SNED.
ARKG bearish in the short run, bullish for next week.ARKG - great long-term stock to have, but using TA we see that it is likely to fall below the 107 level (also a fib line here). It has been following a 5 part pattern since December and has been trading in an ascending triangle. According to the Stochastic RSI, we are likely to see a small pullback (from 2 to 3) before rebounding upwards. The key level upwards is breaking the 109.15 level (also a fib). Watch and wait for a long entry at that reversal or take a riskier approach and buy puts for the way down. Implied Volatility is relatively low, so buy contracts or spreads for this one.
DIXIE 50?!?(Check out my previous accurate calls on the dollar from the past year below these comments)
Has anyone else noticed the massive bearish symmetrical triangle on the 3M DXY chart?
Everyone believes the dollar will strengthen in the short term, but I think we have formed a head-and-shoulders pattern and are in for another significant leg lower!
The 1.618 continuation on this decade-long bear market rally is almost exactly at 50 on the dot, and I believe we are heading there fast!
VIX to 0?!?In terms of long term allocation, I wouldn't touch equities with a ten-foot pole!
That being said, with the amount of currency being created every second, all prices will continue to rise exponentially, and the proximity of financial assets to the source of this inflation (the Federal Reserve) will continue to favor their valuations!
Would a uncontrolled rise in treasury yields lead to a sizeable correction in equities and a rising VIX? Absolutely.
Is it likely that the Federal Reserve would intervene to an even greater extent than the 2008 and 2019 Global Financial Crises? Absolutely.
Therefore, I believe the long term trend of volatility in all prices is much, much lower...
THE NEW BLACKBERRY AND THE NEXT BULL RUN?This is my first published chart and feedback is welcome.
Blackberry $BB is a Canadian company that has transitioned in the last few years under John Chen to become an Internet of Things, Automotive, and Security company and away from a phone company. Blackberry does retain patents and the name of the phone. The stock had a milestone of new highs in 2021 under Chen's leadership. There was also a bubble break erasing over half of its all time high. It is speculation to say why this definitively happened. It was coordinated oddly with speculators particularly in the WallStreet Bets Community that generated a great deal of purchases on Robinhood in particular in the so called memestock. These investors/speculators seemed driven in part by nostalgia began investing in companies from the 90s which Blackberry was iconic. As indicated on the chart a bull run that began in November of 2020 by far blew past long term short positions and costing untold millions to hedge funds and speculators that had to cover their short positions in Blackberry which appears to have negatively kept Blackberry stock prices artificially deflated for years. Regardless of the recent bubble burst there is a valid question has Blackberry under Chen become the next sleeping giant in the IT and automotive sector. A sector that will continuously grow as leaders in the USA, Europe, and China pressure auto makers to move towards clean energy vehicles. Those that like strong company leadership might rightly conclude that Chen has turned Blackberry into a leader in the emerging smart car and smart device market while retaining the iconic name and securing partnerships with companies like Amazon in the USA and Baidu in China.
Many bearish analysis appear to have deemed Blackberry a defunct phone company and are either unaware or purposefully ignoring the transition under Chen. Blackberry along with new partners like Amazon and Baidu are creating new partnerships to create autonomous and secured vehicles based off of Blackberry's patented QNX operating system and other patents. Possible investors, day traders, and speculators may be attracted to possible bullish runs to return to January's all time highs and beyond given Blackberry's transition to a new company. This is not financial advice and you should do your own due diligence and never invest more than you can afford to reasonably lose.
It appears that Blackberry after a period of consolidation is attempting another bull run. Levels of interest and commentary is on the chart.
Thank you for your time and hope this helps you consider Blackberry.
SILJ - LONG!SILJ is currently moving in an ascending triangle. We believe a breakout is very close. Fundamentally, Silver is looking very strong so we believe the breakout will be to the upside (targets are shown in the chart). External factors are out of our control so if for some reason Silver starts breaking down, $13.50 would be the first large support. Other than that, we believe the odds are in our favor. Trade smart, stay safe. - HH
The Great Depression Fractal Part VI - The Final ManiaIf the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth.
I like to think of the market as a breathing organism holding its breath for longer and longer. At some point, it runs out of oxygen and needs to exhale. The longer the breath is held, the less healthy the market becomes and many cells become deprived of oxygen. Once it finally exhales, life is pumped back into the cells and it can begin creating new life and sustaining again. This is why I think a big market crash needs to happen in order for smaller businesses and individuals to start regaining a foothold in the economy again. All that pent up energy in the stock market has taken it from elsewhere --- from arts, culture, education....these things are hardly accessible anymore. If someone wants to be an artist, they better come from wealth first because they surely can't afford art school, and they surely can't afford to spend years making art for zero income until they get their big break. You might say sharing art has become easier with the Internet, but with this comes a lot more competition, and many more barriers. It's always been hard to do these things, but right now we're experiencing a crunch where it's A LOT more challenging. Many refuse to accept or see this, though they do feel that there is something inherently wrong, hence why w're getting unrest on both ends of the political spectrum.
The fact that people can't agree on why things are this way tells me something else needs to happen. Not even a pandemic could snap people out of it, and this is because it largely affected those without wealth. So ultimately something will need to happen that affects the wealthy, and something that unites people under a more coherent narrative. if not, I'm quite afraid for what our society will look like in the next 20 years. Probably something out of a dystopian sci-fi novel. I mean, it's already looking that way.
Here is my original post about the "great depression fractal" from 2018:
It's a bit outdated, and I've learned a lot since then. But this is an idea I've been thinking about for quite some time, as you can see. My other follow-up posts are linked at the bottom.
Everyone with wealth is running away from the dollar. But people also have extraordinary amounts of debt. Eventually the demand for cash returns as people realize they need to pay back their debts, and that goes for governments and institutions as well. I think trimming some risk from assets at this point isn't a terrible idea. I finally did this with some of my crypto, as I mentioned in my last Bitcoin analysis, where I successfully called the recent top. I think the next generation of wealth will be made in the aftermath of the next great depression, NOT right now. This is only my opinion. Maybe I'll be wrong. Maybe I'm really just living in my own world.
In any case, it's very interesting how history rhymes; we got decades of wars and technological innovation, followed by a pandemic, and now a roaring 20's for the stock market. A hundred years ago, we got decades of industrial growth, the first world war, a pandemic, and then a booming period of heavy borrowing and spending on credit.
Now to the technicals
Zoomed in, you can see a bearish divergence on the monthly chart, and also how high I think the Dow can go before the crash:
I think upside will be somewhat limited by that long term rising trendline overhead (red). From there, it can drop back down to retest the broadening formation (orange), and if that falls, it should confirm our Great Depression II, meaning potentially an 80-90% drop for the entire market. And of course, it could always drop before it even gets towards the $50k target.
The bearish divergence on the monthly chart for SPX is still there! This divergence is what allowed me to call the market crash prior to the COVID panic, even before COVID really had started to scare investors.
But the questions remain: What causes people to realize it's time to pull out? And why can't the dollar just continue its decline to zero? After all, currencies do tend to be replaced...eventually. Interestingly, we are in an economic crisis rivaling the Great Depression, as a result of COVID-19, but asset prices aren't reflecting the real economy. Why? It has a lot to do with currency, as mentioned above. The amount of money printing has been absolutely insane. With this much printing, you'd think that the dollar's valuation would be at zero already. But observe this chart:
This is the S&P 500 versus the M2 money supply. What you can see here is that it's currently trending sideways, meaning that the stock market is actually not gaining in real value, and that actual growth has completely stagnated. The only reason stocks have been rising over the last couple of decades is due to this money printing and currency devaluation. This might change at some point. We do not know if this chart will break up or down, from consolidation. That's the true mystery here, and again why this post is entirely speculative. What would happen if this chart broke to the upside, for instance? It would mean that the market is generating real value. The last innovation bubble was the dotcom boom, and you can clearly see it on this chart. It still hasn't gotten even close to those levels. Right now, this is telling me that dollars will probably be printed again during the next crash. But what if it's not enough? Then this chart would break down, the dollar currency index might skyrocket, but the oversupply of dollars could ultimately lead to massive inflation.
I'm also seeing some hidden demand for real dollars, as DXY has broken the long term downtrend and held it as support:
I also think we're reaching a point where federal monetary policy will need to swing towards taxing the wealthy more heavily. We have not seen highest nominal tax rates this low since prior to the New Deal. To me, this is a signal that policy will likely shift in another direction. Even something as simple as that can cause a crash. Policy aside, although assets now belong mostly to an elite class, the 99% needs real dollars to pay their expenses. They will do whatever they can to get ahold of more cash, and that brings me to my next section.
The Revenge of Retail
What causes demand for dollars? Debt needs to be repaid. Limits will be imposed on borrowing, which means consumers will need real cash to enjoy life. The average consumer has spent the last year hardly spending anything on entertainment, travel, dining, and drinking. Once the pandemic ends, people are going to rush to live again. And many will need to borrow in order to make this happen and not miss out. Interest rates will need to go up again. Profit-taking from the stock market combined with the return of asset prices to Earth can cause DXY to break out. This is a possibility, and why I've taken my initial risk out of the crypto market after purchasing at lower levels. I still hold the majority for the long term, but if I see more signs of sustained weakness I might take more profits and increase my cash position.
What we see today in the stock market is clearly mania. What's fascinating is that we're seeing retail traders fleece hedge funds, which shows the danger of borrowing and money printing. It also exposes how arbitrary stock valuations have become, and how manipulated they can be. It also proves that the 99% does indeed have power over institutions. Forcing out failing companies by shorting them into the ground while deepening the pockets of cannibalistic tech companies has been the name of the game. But the game stops here (see what I did there?). Nothing goes up forever, especially not like this. I'm concerned about the future, definitely. But I think a crash would offer the next great opportunity.
Optimistically, I see a green energy and infrastructure revolution, sustainability, more robust mental healthcare, and flourishing arts as what could rise from the ashes.
Or, the status quo will continue without any large market crash, the wealth gap will continue to widen, and society will become incredibly boring. What we're seeing during the pandemic right now, especially in big cities like New York, is an incredibly boring world. Things continuing as they are, I think, would go against human nature. Humans naturally want to create, connect, and support their communities. Are we really leaving these vital elements behind? If not, I think we will see some massive shifts over the next decade in financial markets. I'm just preparing myself psychologically for something ridiculous.
I'm having fun exploring possibilities, and I hope you are too. This is not financial advice - this is meant for speculation and entertainment only!
-Victor Cobra
$VMHG Mega Yacht and Speedboat Broker Co. Breaks Out PT $10Victory Yacht Sales is a world class yacht sales, brokerage and consulting firm with over 25 years of experience in the boating industry.
victoryyachts.com
Two of Victory's listed upcoming builds the 2023 Bloemsma
victoryyachts.com
And the 2024 Centauro
victoryyachts.com
Both have a similar futuristic design to Motor Yacht A which sold for $350,000,000 a few years ago
en.wikipedia.org(motor_yacht)
Some of the Mega Yachts where the prices are known don't go for cheap either like the Illusion Plus which goes for $145,000,000
victoryyachts.com
And there are over 4,000 similar listings to those Mega Yachts on their website
The company also sells smaller local yachts located in South Florida near the company's yacht and boating HQ
such as the $2.8 Mil Johnson
victoryyachts.com
The company also sells speed, racing and fishing vessels at their HQ in Miami.
More recently the company tagged another company $MPX in a tweet:
twitter.com
Marine Products Corp.
This company HQ in Atlanta is a $2.6 Billion dollar NYSE company and is currently trading at $19
www.marineproductscorp.com
News is said to be coming soon on $VMHG, will it have something to do with $MPX? One can only assume. Yet the chances are good.
The company has also tweeted that they are the exclusive dealer of Robalo and Chaparral Boats in Costa Rica:
twitter.com
Giving them a large advantageous footprint in that area.
Did you like
$CMGR .05 to $18
$NXMH .05 to $14
I'm thinking $VMHG will be the third huge mover for 2021
Personal PT: $10
$HQGE ShortSqueeze Breakout Following Major DD and S/S PT $1-$3$HQGE is the parent co. of its wholly owned subsidiary Big M Entertainment, a full-service film and TV production company. The company has terminated all previous and ancillary activities and is now focusing its efforts entirely on Big M Entertainment managed by CEO Marvin Williams who is also the President of $HQGE. The company is now dedicated to becoming a leader in the Film, Entertainment an Music Industries.
Marvin brings with him more than 15 years experience working with music, film and TV projects covering a wide range of budgets and scope. Starting in 2009 with the recording powerhouse, InterScope Records, Marvin has worked and collaborated with some of the most iconic artists and media companies around the globe including Sony Pictures Entertainment, Disney Records, Mickey Rourke, Dionne Warwick, Clive Davis, Magic Johnson, The BET Awards and MTV Teen Choice Awards. Marvin has become highly regarded throughout the industry for his ability to harness his vast tech knowledge and migrate it into the world of film, TV and new media.
The CEO Daniel Gallardo owns 20% of the Outstanding Common Shares
The President Marvin Williams owns 60% of the Outstanding Common Shares
Marvin has been affiliated with several blockbuster movies including:
Ironman, Black Panther, Bad Boys For Life, Oblivion, Ford Vs. Ferrari, Baby Driver, Battleship, Tomorrowland, Ted 2, Memoirs of a Geisha, Friday Night Lights, The Bourne Legacy, Captain America: Civil War.
He is currently the first assistant Director on both the upcoming Black Widow and Venom: Let There Be Carnage sequel both of which are currently in post production.
$HQGE has applied for a change of its name and trading symbol to Big M Entertainment Pictures, Inc, and is expecting to receive final approval of these changes from FINRA very soon.
BIG M Entertainment Studio Relationships;
sonypictures.com
paramount.com
lionsgate.com
20thcenturystudios.com
$RHCO In Breakout Mode Following Acquisition Filings$RHCO A Diversified Holding Company posted news of another acquisition today to its growing portfolio of companies:
www.otcmarkets.com
This newest acquisition is a Dutch Media company has targeting marketing technology that is able to pinpoint customers and provide personalized advertisements in order to achieve higher conversion rates than competing service providers.
$RHCO plans on changing the name of the media company to Okey Media and use its tech to incorporate into $RHCOs world famous Neckermann brand and the online activities of its participating companies.
$DOGE $DOGE.X Clearing Through Resistance Levels Towards $5+$DOGE Has garnered major support and attention the last couple months from many notable celebrities including; Elon Musk, Snoop Dogg, Mark Cuban, Gene Simmons, Mr. Beast, Keemstar, Mia Khalifa, Lil Yachty, Soulja Boy, Akon and many many others.
There are also the WSB, Reddit and TikTok armies that have been pushing to get the token up to $1 however I believe it will go much higher just be the share number of growing interest daily and weekly.
It is possible for it to hit $5-$10
Elon Musk has stated multiple times that he would love to see the token which was started as a joke to mock digital currencies become the E-currency of the world, taking $BTC's top spot.
And we all know that whatever Elon puts his mind to he accomplishes.
He has numerous projects dedicated to changing the world and building what he sees is the future of mankind in the next couple decades.
Tesla also recently purchased $1.5 Billion worth of $BTC. Who knows if they are also purchasing $DOGE and have not disclosed it yet, if Elon himself bought $DOGE he also would not have to disclose that to the public.
$DOGE has entered the Top 10 Currency listing and it didn't take long for it to happen.
The sheer size of the outstanding coins will make it relatively easy to take $BTC's spot if it gets way beyond the $1 range. After that, FOMO from the public will begin to kick in and it could get crazy from there.
I do own $DOGE and remain positively bullish for the foreseeable future until it is at $1 or higher.