Livermore Accumulation Pattern is playing out, low is tomorrow till Wednesday, high will be July expiration to possibly end of July. Please check out my previous threads on AMEX:SILJ and NASDAQ:QQQ to see a repeating fractal that the market has been on since COVID. Right now buy calls for $35 for July for $1-$2 and you're return will be 50-75-156x...
We have about 2 weeks to go until the market jumps up, and then dives down. This will give us an approximal double top in Nividia. The FED minutes (beginning of July) and the FOMC rate meeting (end of July) will provide a whipsaw not unlike what happened with March 2020 pandemic. See my AMEX:SILJ and NYSE:NEM threads about the repeating fractal I found that...
It's going down. As a respected chartist said, :"Anytime NASDAQ:TSLA became this overbought (RSI), stocks imploded." I think if you bought the $150 August puts for $50, you could get 40x return on your money, I see stocks flash-crashing this month into next.
Get ready, commodities will cave and so might the market. Look to my other threads for more elaboration. I'll continue my Dollar thoughts in this thread going forward after that change in dynamic after the FED meeting.
Already broke out and retested. Now it's ready to blast-off. Funny thing is, NYSE:CHWY correlates with silver at almost 80% correlation! Unfortunately, NYSE:CHWY hasn't blasted off like silver and the correlation got cut in half (link to charts in comments). MACD is signaling a blast-off also... August calls are going for $20 for $55 strike price, price...
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes...
I think Netflix will show how bad the consumer is and it'll capsize with the markets after earnings forming a double top. This stock will rebound off red or orange support. Buy the 550 August 16th, it could return up to 1500% return. NFA!
First you have the FDIC come out and say no matter what we can whether a large US Bank failure - out of nowhere! Japan is stuck in a corner, can't sell bonds to defend its currency, and can't raise rates enough. Like every Central Bank they're stuck. So now a large US bank will be "allowed" to fail that will give Powell the excuse to cut rates - leading to a large...
Please see my previous threads on gold and miners that have my indepth thoughts where I share expert findings and my own charting with various indicators I like to use. Suffice to say, gold and miners are going to go lower as long as the dollar doesn't fall through the channel support.
This thing is about to take off like a bat outa hell. IF the FED decide to cut, it'll be because markets broke down and they're reacting to the news (central banks have an uncanny ability to screw things up and then overreact to them down the road). I anticipate a larger cut then 50 basis points. I anticipate 100 to 200 basis point cut, which means NASDAQ:NVDA ...
I anticipate the Euro, Yuan and Yen all devaluing this summer against the dollar. I think it starts off with PBOC or BOJ devaluing which will start off a firestorm first by increasing the dollar to 140-160+. I anticipate that at a minimum we'll see .75-.80. Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That...
Oil lost the monthly trendline, back-tested it twice now and is ready for the fall. 200ma is flat which means a decisive movement is coming. If oil falls, so will yields - signaling deflation which'll cause the FED to cut rates before the election. Check out my NASDAQ:TLT thread, I think you could buy OTM calls with that right now, or on AMEX:TMF for...
Uranium about to have another leg up once the FED cuts rates this summer. MACD is almost turning over. Calls for August are going for .12, wait till the double bottom and they should be around .10 or less and scale out at 1.00 or higher. That's 1000% return for waiting a couple of months. NFA.
Tons of reasons (PA breaking MA's, repeating fractals, support lines etc.) why silver is going lower, follow my gold and mining threads for daily updates. I will start this thread for silver and update this going forward. I will say I was calling for silver falling while everyone was chanting $38. It'll get there and more by the end of this year, but for now the...
Somebody just bought HALF of all of NYSE:JPM 's eligible SET:PLAT platinum!! This thing double bottomed with a slant, this is repeating the same structure. I think price could double for this month, fall down for a couple of months and then start jetting upwards. I'd buy long-dated calls for the long run, and maybe slightly OTM calls for August $8. This stock...
Bonds are sniffing out deflation and falling rates, which'll happen when Asia (China and Japan) start devaluing and selling things off for dollars (incl. treasuries). This will be a bull bond market soon. I don't quite see this taking off yet, so we could retest the breakout again, but could launch from here. I like building a position in this, but I'll be...
CAUTION: AWESOME OPTIONS PLAYS AT THE END OF THE POST! NFA ;-) Look at this weekly chart and don't tell me that this is a repeating fractal!? The same color trend lines are almost the same length to a T. The upper trend line channels are gonna be the same distance, which extrapolates this going south for a very long time. (check out my AMEX:SILJ thread to show...
I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better). Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains: 1. $46-$20 (56% loss) in 2 weeks (June-July) 2. $20-$40 (100% gain) in 4 weeks (July-August) 3. $40-$50 (25% gain) in...