As mentioned before (Dec 6) US Banks are in trouble Banks profits shrinking Today I will say the same for EU financials. If you are a financial bull in Europe you don't want to see this break!
While Cryptos have pushed higher I have not endorsed any long trades in BTC bc it's not ready yet for a bigger move higher. Better to be out of a trade wishing you were in rather than in a trade wishing you were out. Best Advice I can give at the moment.
Great risk reward short setup in SOLUSD. Crypto has been a euphoric move that is now ending.
This is probably one of the easiest short setups one can call. with multiple screaming bearish signals. 1. Risk on is not in play here. 2. Rising 123 move with a broken wedge. 3. A big Head and Shoulders pattern that can be seen from the moon. 4. Bear flag coiling up for a breakdown. 5. Risk Reward is extremely favorable. This is the closest you will get to...
First and foremost, I want to clarify that I am not someone who promotes doom and gloom or a "recessionista FED PIOVITOOR." However, I have been consistently bearish on the stock market, as evidenced by my calls on TradingView. I believe in keeping things simple, yet not overly simplistic. In fact, I first began sounding the alarm about a recession signal being...
Thank you again for your support. Internal Structural Problems Exist I don't do targets bc I have no crystal ball. Trade setups are often ahead of time you must wait until they trigger. Learn how to trade longer term. It requires training, and understanding which you must seek. otherwise, you will never learn how to do it properly.
CAUTION is in order as we may be bouncing off 92-year key resistance into a longer-term reversal point. This is by no means a short-term play, but one you should monitor closely.
As mentioned back on Dec 1, 2021, Shiba did in fact have a false breakout. That has led to an expansion that has turned into a channel. yet again we see Shiba failing at key area within the channel.
You can never go wrong with the US war machine. This is such a nice simple bullish setup on the breakout.
A break below key area would be a simple short setup. As mentioned back on May 2nd 2021 warning of airlines stocks.
53% of them have missed 1 BNPL payment. Buy now pay later maybe?
NMR is making news today of a $2 billion loss and trading halted down 15%. One never knows if this is going to be another Lehman moment. Not for us to guess if it is. Here is what the technical chart looks like. It had a recent breakout out of a long-term bearish fade away. This is going to be a shoot first ask questions later type of move. At least that's what I...
As of late, I have steered clear of cryptocurrency and Bitcoin due to the chaotic state of its charts. However, at present, there is a favorable short-term chart setup with an appealing risk/reward head and shoulders pattern.
I'm giving her all she's got, captain! "The current economic outlook is highly favorable, with a low unemployment rate of 3.4% and a near maximum employment-to-population ratio. The economy also benefits from positive credit growth and record-high levels of industrial production. Additionally, imports have reached an all-time high of nearly $1 trillion, and the...
I am reposting this important chart as I made some mistakes prior. Understanding the basics of Bonds is very important to traders/investors. Yields (interest rates) are like gravity to other asset classes. The higher yields go the more gravity on other asset classes. Most are unaware of this simple rule bc most traders today have never had to deal with inflation...
Don't be fooled. 3.9% UR in the context of a smaller labor force That peaked in 2000. This chart shows all All Employees, Total Nonfarm divided by population size. As you can see all employees to population kept skyrocketing from 1957 to 2000 with deficits next to nothing. SInce 2000, all employees have flatlined at best while deficits keep increasing...
Better to be out of the market wishing you were in rather than being in the market wishing you were out. Share the Love so we can help more people. DON'T PICK BOTTOMS!
Nice risk reward breakout in the USD. There are many implications as a result if this move continues higher for other asset classes.