Princess Gwen here, looking into the cloudy crystal ball at the recent Bitcoin action. This princess is dubious about whether the recent drop portends further doom, or was just a tumble to a market bottom. So here's case 1, This is As Bad As It Gets. Here, Bitcoin is Oversold, and is showing a very nice beginning of a V formation. That arc downward, with a...
Hello all! Princess Gwen here. I wanted to show an example of the V formation, which we see all the time. I wanted to bring it up especially because Bitcoin hasn't shown a good example of a V, which to me indicated that it likely hadn't found it's bottom yet. The V has two distinct sides, the parabolic downward trend, with the usually somewhat less parabolic...
Princess Gwendolyn here, looking at Bitcoin. This princess enjoys her Gucci, and so she keeps her eyes on the markets. Oh my goodness, Bitcoin finally did something. Yes, that something was a violent breakdown that hit a pile of Stop Loss orders, immediately cascading down further through resistance. But maybe that's a good thing. I opened up a monthly chart,...
Princess Gwen here. In the latest Zelda, Breath of the Wild expansion, there's a weapon you pick up that can do infinite damage, but which makes you equally susceptible, so that any small hit, or bee-sting, or thrown rock will kill you. But you can kill anything with one hit! Trading with leverage is kind of like that. It is a very powerful tool, but it's...
Princess Gwen here, remarking on Ether. Like all the rest of the Crypto space, Ether has been trapped in an icy freeze. However, just as winter doesn't last forever, Ether is showing signs of thawing. There's a fairly convincing bottom formation in place. It's not doing much right now, but to me it looks like the market bottom for Ether has been found. It...
Princess Gwen here, talking about the magical fairy land of Crypto. All the residents of Crypto-land have been asleep for what feels like a hundred years, but Bitcoin has finally edged out of the Triangle of Doom. It may not look like much now, but this was a breakout. The curse of the descending triangle has finally been broken, and now Bitcoin is...
Princess Gwen here, welcoming you to what may the final high peak of the stock market for a couple of years. Before any market tanks, there's a final hurrah, a last gasp of energy before the crushing sell-off. It's just enough of a rally to convince people that the market might recover, that maybe things really are just fine, and the bull market will continue. ...
Looking for short term bullish action here. The gap upward is a good sign. Just be cautious, as Ross has had a very bullish year. Also, don't buy jewelry there, as some of it was found to contain, or be entirely composed of Cadmium. www.ceh.org Say it with me: Princesses don't wear Cadmium.
Here's another stock that I'm looking at for short term, over the next few weeks. There's a nice breakout above a bottom formation, with a MACD cross.
When the market indices get volatile, I look for stocks that don't correlate strongly to the indices. I want stocks that move independently, and this is a great example. I'm looking at a short term view, but the 5 year graph shows a rounded bottom formation as well.
Looking for decent buys for the next few weeks, this one just gapped up with strong technical signals.
Looking for stocks for the next few weeks to a month. This looks nice, with a breakout above a double bottom, and a strong MACD crossover.
Princess Gwen here, Following the Elliott wave analysis I did for the S&P, I figured I should do one for the NASDAQ, because they have essentially the same pattern. If the market breaks down to Fibonacci levels, I'm just guessing at which Fib levels it might bounce off of in a corrective cycle.
Hi, Princess Gwen here, looking into the crystal ball to see what's in the future. This graph is almost a textbook-perfect example of an Elliot wave impulse, with an equally perfect example of a double-top. One would expect a perfect ABC correction afterwards, taking us down to one of the fibonacci retracement levels. Which level though? Stopping at 50%? I...
Hello! Princess Gwen here, looking to the future. Diamond tiaras are expensive, so it's important to guard your investments. Looking ahead, I find it likely that the US equities market will go through a short surge of optimism, +5%, before making a catastrophic plunge down through the bottom of the current channel that we're moving in, in a big, -20% move. I'm...
Princess Gwendolyn here, with a market update. Ballgowns and tiaras are expensive, so this princess relies on her skills as a trader to keep in Versace. This princess sold her equities before the market took a tumble, and now is looking for what to expect for 2018/2019. Rather than try to guess, I like to find a market that looks similar, and use it as an...