As the chart clearly shows more deficits more debt more money supply has not translated to an increased labor force participation. I am sure you have heard Politicians & Economic hacks like MMT (Modern Monetary Theory) use the words "Simulate the economy with deficits". Well in reality there hasn't been much "Stimulating" going on for the labor force...
I am using Spot and GME as examples of Bull traps. Be real careful out there are a lot of bull traps out there. Do not chase. The macro picture is not that pretty. Sudden moves are designed to provoke emotions and get you to react. Be cool! Remember when everyone was pumping MEME stocks like GME only to collapse 80%? This is no different.
We may finally be seeing the blow-off top in TSLA. Many argued with me When I posted a bullish bias. Now I am sure I will get crap for being bearish. That is what a market is folks people with opposing views. lso, noteworthy is that TSLA NDX ratio is hitting resistance again.
I first started warning about TSLA back in Dec 2021. Unfortunately, the charts I posted did not split adjust. Obviously, since then TSLA has been trashed. Today it is breaking a key area once again. A 2 year plus uptrend will likely lead to lower prices.
Fully formed rising structure now breaking key area. Good risk reward for a short.
It takes 14,840 Indonesia Rupiah to purchase $1. Let me put this in a different way so people may understand it better. Imagine needing HKEX:14 ,840 to buy 1 IDR. Or TASE:TASECTORBALANCE ,520 to buy 1 espresso at Starbucks. Let that sink in for a moment. #MMT at its finest.
After a series of small time frame successes short, we are now at a key area for a much bigger move lower. In a previous post, I wrote "bulls don't want to see this fail". Bitcoin (BTC) did fail and has now produced a large bearish flag. Forming this larger bear flag pattern may not only test its previous lows but also potentially result in a further...
Here is my gun-to-head prediction of what is likely to occur next. Unemployment with rise along with valuations as earnings collapse along with the S&P500. The trigger will be anyone of these spiking in the direction of the arrows setting off a domino effect. So do not view my prediction as open-ended "Something bad will happen eventually" fear-mongering useless...
But! But! It made new all-time highs!? They always do before they fall. The truth is nothing has changed in terms of price structure. In fact, it is cracking as we speak further adding my conviction on the short call. "Don't be a Dick for a tick" is a term I love using precisely for this reason. Even in my latest video admittedly it did test me but I stayed...
NFLX today is down 4% Plus breaking down from key areas. That could lead to much lower prices. Simple Risk/Reward Setup to take profits or short.
A break below this key area would have catastrophic results for the Brazilian markets. I would even venture to say for the entire Brazilian economy & political stability. The effects of it will be felt throughout South America. I urge caution!
This is a very simple trade. It breaks goes lower it doesn't do nothing.
After a decade Sugar is now ready for the breakout move. A simple trade with great risk-reward. Soon we will be hearing many complaints about food inflation.
Back on April 15th, I posted this chart saying "Sugar is SWEET" Good trades take time to mature.
Bearish structure setting up once again in this rising wedge. Good risk reward setup On the break.
SPX has produced very little headway relative to the money supply (M2) As history has shown we are likely to see a massive move lower after double topping that could test Covid lows or worse. Remember no one chart is the holy grail of analysis. This is just one chart.
Regarding the charting aspect, this presents a straightforward short setup that offers an excellent risk/reward ratio. However, from an economic standpoint, there are several factors to consider. 1. Headline inflation for food and energy, when measured from the start of the war, which caused substantial price increases, will likely fall YOY. 2. As the economy...
There is a common misconception that higher rates are bullish for banks. This is wrong! Banks make money on a spread between short-term bonds 2yr or less and loan out at 10 years or more. Thus when the yield curve collapses as it is doing right now. Bank profits are dwindling as there is less margin for risk-taking when making loans. Dec. 3rd I posted this chart...