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Markets are anything but boring, idiotic perhaps, but not boring that's for sure. The Nasdaq is just shy of 7% from the prior ATH, despite the fact that the economy has still NOT reopened, many small businesses are in tatters, large business are hat in hand to the Fed and Treasury for bailouts AND north of 30 million Americans are unemployed. Initial Claims:...

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Quick update on BTC. We are currently sitting on the 38.2% fib retracement from the 2018 highs, this area also coincides with overhead resistance in the form of an expanding wedge (i.e. the trend lines are like an inside out typical wedge pattern). Should we get a strong weekly close above this area of resistance then the next major target would be the 50%...

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I usually get quite frustrated with the Wall Street idiom of "buy the dip" what amounts to the gross over simplification of an entire field of study to "buy when big line go down" is quite annoying. That being said... When i see Gold prices dropping in the current financial and economic climate, YES please! I'll buy that dip all day long As you can see from...

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Measured move of the Inverted H+S would place the Gold price at $1,900/ ounce, this would be within spitting distance of all-time-highs Inverted H+S Should this pattern resolve, I would expect that this price move would bring substantial media attention, as this would mark the first time since 2011 that Gold would have traded at these levels. There is...

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Would all the people waiting for a pullback please stand up! As those who follow my analysis would know, i (and a host of other analysts) have been warning of the inevitable 2nd wave down that EVERY market will face at some point. From the 1929 crash to the 2000 tech wreck to the 2008 GFC and what i believe will be remembered as the 2020 market...

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Ticker: WES Position: ~ $7.00 Strike Call (Currently around $0.62/ contract) ~ May 15th expiry ~ Delta = 0.57 ~ Risk no more than $300 (4-5 contracts) Exit/ Profit Targets: ~ Close below the neckline = exit trade (approximately $6.00) ~ Initial target = $8.00 ~ Secondary target = $11.00 Rationale: ~ Inverted H+S breakout ~ RSI confirming latest move...

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Ticker: SPY Position: ~ May 15th expiry ~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up) ~ Delta = 0.50 ~ Run 1x contract Exit/ Profit targets: ~ Close above the swing high $287.50 = exit the trade ~ Initial target = $261.23 (38.2% fib) ~ Secondary target = $253.04 (50% fib) Rationale: ~ Bearish MACD...

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Quick pattern update here. WES appears to have an Inverse H+S pattern forming on the lower timeframe. A clean break from the pattern would target the $9.30 range, setting a conservative exit, with a close below the purported right shoulder would minimize potential for losses. WES has been one on my list for a while lately and I recently closed a position for...

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Below are three charts, the first depicts what i call the "Robinhood Investor" or the "Millennial Investor" which consists entirely of long equities, in this case the SPX. The second chart depicts a classic "60/40" allocation to stocks and bonds (in this case TLT, which i will come to in a moment). The final chart visualizes a portfolio of 80% equities and 20%...

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Here we have the top 10 holdings within the SPY ETF, ~ MSFT ~ AAPL ~ AMZN ~ FB ~ BRK.B ~ GOOGL ~ GOOG ~ JNJ ~ JPM ~ V These represent 25.23% of total assets within the ETF, by combining them we are able to get a gauge of what the market movers are doing compared with the entire index. The first thing you will notice is the difference in retracement levels,...

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TL;DR: What this means, in simple terms, is that the US debt is already at nose bleed levels and has been PRIOR to the global shutdown, the shutdown just making it worse and is impacting the stock market, which is a big driver for US receipts, this in turn with push the deficit higher, i am anticipating deficits that are at levels seen in the GFC (10% or higher)...

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The SPX has broken above the 50% fib level and looks set to visit the 61.8% retracement. Prior Analysis We have already moved beyond my prior analysis targeting the typical 50% retracement, whilst this is not uncommon it is certainly a testament to the power of stimulus and a positive narrative, or perhaps naivety, as the Federal Reserve has stepped up their...

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Quick one here, given the world looks set to resume it's ludicrous experiment with negative rates in order to spur "growth" and encourage spending. I thought it was only reasonable to see what effect the past decade of ZIRP (Zero Interest Rate Policy) has had on the personal savings rate. Before we begin, i understand that the fed funds rate is not the explicit...

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Quick Altcoin update: The Altcoin market is still in a compression phase, broadly speaking the market is range bound between 37 Billion and 117 Billion, this echos the prior period of consolidation prior to the 2016 bull market. As you can see there is also clear compression present in the Keltner/ Bollinger setup. Consolidation pattern prior to 2016 bull...

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Quick update on GOLD/AUD We appear to be chugging along in a relatively undisturbed uptrend, the Fib extension targets from the April-August 2019 wave higher are pitching a potential point of resistance at the $2,800 mark as this coincides with the 1.27 extension. With a potential overshoot to just shy of $2,900 (based on Keltner channel targets) Technicals:...

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Ticker: WES Position: ~ $4.00 Strike Calls ~ May 15th Expiry ~ Cost = $0.40/ contract (at time of writing) ~ Delta = 0.56 ~ Run 5x contracts = $200 total outlay for the trade (subject to change) Profit Targets/ Exit: ~ Due to the low cost of the trade, i will likely not run a stop on this position, but i have outlined a stop at the $2.50 level ~...

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Let's start with the broader picture first I understand the market looks horrific at press time, but the first thing that you must know about markets is this, nothing every goes in one direction forever, no matter how bad it seems. For context here are the three major US stock crashes. 2008 Crash 2000 Tech wreck 1929 Great Depression The...

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Edges: ~ Falling wedge ~ Pullback to the 0.618 Fib level ~ Break of overhead trendline I would be looking for a move to between the 0.382 0.5 and retracement of the latest pullback, which is within the outlined box -TradingEdge