Multi-year Channel Breaking key area at $120 last time this broke we were in a recession and then Covid hit. A reminder the US entered a recession PRIOR to covid in FEB 2020. most don't know that. Will this time be different? Do we need a recession for stocks to drop? I will answer these questions in the next video.
How expensive is the market? The average wage earner has to work 167 hours to buy 1 share of the S&P 500. A new historic all-time high! The markets are crazy expensive! The inflation no one shows you or talks about is driven by massive deficits and cheap money. Extreme Caution is in order!
TSLA From Erections Come Corrections while double topping. These are both very powerful structures that have formed and bulls should be very cautious. Taking profits here is advisable. Fundamentally speaking it goes without saying, that TSLA is stupidly expensive. Here is my previous bull call in TSLA that yielded a beautiful 50% plus return.))
The Crypto market cap is breaking $3 trillion but it is also double topping. Even though we may get a pullback here, I would not panic sell out. I would instead add to my BTC long position as I think it will be short-lived. I did not post my long trade here on TV as it was only for my subscribers. To be updated as needed.
TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year, Personally, I don't like wedges since they have a tendency to crack one way and reverse the other. But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from...
Great Shorting opportunity in these names as meme stocks fail to make new highs. When Dentists, waitresses, lawyers and taxi drivers become trading gurus its Game Over! Dot com 2.0
Russian Ruble FX_IDC:USDRUB is getting destroyed! Russia with an economy half the size of California can never go up against 60% of the global GDP while killing off nearly 1 million able-bodied men out of their economy. Corruption is out of control, 35% of the economy is allocated to the war, not future investment. Russia is suffering from Dutch Disease As...
US debt has risen more than 90% since 2016, with no meaningful increase in economic growth inflation-adjusted (Real terms) meaning we pay more for goods and services showing a higher nominal GDP. As you can see in the chart the economy used to grow faster than debt and even outpaced debt in 70s, 80s and 90's. As I have shown before on tradingview, The annual US...
CAE is Cracking out here from a three-year downtrend. Provided the market helps this stock by not collapsing any time soon, it can easily run to a new ATH. This is a fairly simple setup with good risk-reward.
EURUSD is a great setup for an excellent long-term risk-reward to the long side. A break below and hold below previous lows would be an acceptable stop-out. Reward to at least the top of the channel area. Don't overthink it just listen to the message of the market. This removes any bias you may have and makes the trade simple black or white.
VIX is for experienced traders, and I probably should not be posting this. However, from a BKC charting perspective, it's a great example of how people can become more familiar with my work and why it is so effective. No newbie should be taking this trade. Just observe and learn from it. Thank you. Experienced guys and gals you best be quick on the draw! Don't...
Congratulations to Trump supporters! you got what you deserve. Americans yesterday voted for Trump because he convinced them that the "economy "feels" bad." Nothing could be further than the truth. Never in the history of America have more people been employed. That's just a fact. In the next four years, Americans will experience what a real "bad economy" feels...
It's hard to deny this powerful topping pattern in the making. usually, H&S are continuation patterns (contrary to popular belief) unless they are at a top. Which SMCI is. So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
Bearish Rising Wedge building pressure at the bottom of the structure. BAD JUJU!! Bulls don't be a "dick for a tik" CAUTION!
Rising bearish wedge that has now cracked with a H&S formation in the making. CAUTION! is in order should the H&S CRACK! See my SMH call that first signaled there was a disturbance in the force.))
Semiconductors just collapsed leading to a double crack of two trend lines after a completion of wave 3 up and topping M pattern. Caution is in order as this could lead to something much more.
From a failed move lower came a fast move higher. This is standard BKC charting. While there is a possibility that if it breaks the bottom trendline it can break the upper trendline. (BKC does allow for that to occur) No bull should be trying to be a dik for a tik. Take your profits and run!
MSFT is topping out at a key area. Bulls should be taking profits. Shorts have a great risk/reward setup.