Cup and handle patter identified + election year + not May yet. Waiting Fed non-decision to give markets one last boost and for BOJ to disappoint because of FED to push hikes to May as goes the ancient seasonal adage: ("Sell in May and Go Away" &" live to fight another Day," I say. Note: Not Advice; otherwise, Advise w/an Advisor of an Adviser. History not equal...
AI MOMO drive condition, account. Balance of "scyncronization or syncroisity" in relation to: ref. Fib. sequencing. A strategy, with a limit sell order at $10.00 both psychological level + Fib level at 79-80% of 100% scale conversion measurement, is take profit price, all-else-equal. Not a recommendation, just a trade I am in. Anyway, for advice, advise, an...
Bitcoin Safe Haven, Gold....Equities priced to perfection. Yen Strength on the docket at revision to GDP data take Japan's economy out of a technical recession as the Nickie index makes a 30 year all time high is a spectacular divergence forcing the hand of the BOJ.
After ATH on global equity indices consolidation and profit taking creates an overbought short-term "risk-on" markets' condition opportunity to fade, the trade!
BOJ seen to hold steady markets seeks liftoff hints from UEDA. Japan CPI cooling. Rate maintained at -0.01%....BUT IN BIG PURTURE WHAT CAN THEY DO ANYWAY WITHOUT DISRUPTIONG THE FRAGILE us TREASURY MARKET
This pattern looks like a good cup handle set up. Also, risk aversion, overblown rate cut bets retracement, Yen BOJ holds rates but likely not hike in spite of inflation out of fear of disrupting the markets after so long without actual non-monetary engineered inflation from actual productivity after nearly 30 years after exploding countries debt in the 90s where...
Gains now baked into after SEC announcement! Time to sell
dollar weakness overblown and market ahead of its self as lower inflation second derivative or as Powell coined "disinflation" resonated after redemption from his "transitory" policy error see video for inspiration and hilarious satire to boot, but in his defense who would have thought Biden would re-nig on the China trade deal trump Admin and china official...
Dowbt Im only one who is front running reversal unjustified market rally with no earning proof driven by inflation that is diminishing no longer supporting earnings JPM'a theory basically mid this pas year but he was correct but too early to the earnings crash party! Now that Dem's fiscal punch bowl is nearly empty adding 7 trillion to national debt in less than a...
target 20 by webbush (pretty sold manager and on blooberg gettng promoted to institutions 68% holding wont sell quick gives lot of support)
Crypto is gaining sentiment while market front runs rate cuts pricing in 4-5 cuts. Now earnings of companies in NASDAQ who is entangled with crypto holdings and institutions recover from the FTX debacle. MicroStrategy's SAYLOR, sees BTC higher with April halving on top 2-10X increase in demand (he implies from ETF crypto filings, pending SEC decisions, he said...
potential cup-n-handle gbpusd and fundamentally buy the dem controlled dip
Plot thickens for Crypto as USD's world reserve status questioned after Asian Conference BRICKS US was not invited. But, any actions appear to be a wait-and-see approach as political balance of power appears to be shifting to Trump as his support gains traction ironically after each charge is made a sensation by the mainstream media who openly admits to being told...
Crypto universe bid on prospect of SEC ruling pluss seasonality pluss fiscal funds still being allocated and breadth minus spectacular seven leaves rest of S&P 500 (S&P493 lol) P/E ratio at about 15 times and that is a long term fair value. $4,200 is critical level right below 200DMA held the other day and Santa clause rally pluss Israeli/Hamas war seems...
Bank earnings out today, Jamie Diamond interview : he said " now may be the most dangerous time in decades" Earnings have bheld up by the stimulus packages that are still being allocated into the market. But that's just a temporary fix. And quantitative tightening. Has countered fiscal spending a complete waste in my opinion. But that's what happens when there is...
Fed wont (can't) cut rates as we go into a recession as has been the case for a very long time (since 1974 - Volker). This is one of those cases where past performance does not equal future results and you who drives a car by looking in the rear view mirror anyway unless your backing up. Unless you have a time machine, one must look forward and ween themselves off...
The list of reason to long to fit....mostly Fed not there to bail, political risks, China property crash ("common prosperity initiative"), war in Ukraine, unsustainable fiscal budget deficit plus nominal rates too high (interest expense $1trillion on US debt), 8% 30 year consumer mortgage rate (payment double). many more too many to list
2800 on S&P 500 is trendline and the 2H target. Cant print money anymore an government implosion seems imminent.