Once again the meme stock call was right. The Index has now lost 1/4 of the total value since I posted it. It is always important to remember that losing 25% from zero is far more than 25% up. While the number may be the same (25) the value is not. I hope people took appropriate steps to avoid or minimize losses of their hard-earned money.
Remember what #MMT told you. -Deficits are a Myth -Don't worry how we are going to pay for it -Inflation is the limit -FED has the peddles backward ZIRP doesn't cause inflation -Printing for the people's economy -Don't let endless trillions scare you -Its "Transitory" -We have fiscal space to spend MOAR! Inflation 5.4% Bumper sticker economics is just that.
As I posted 2 weeks ago. Love it or hate it, the structure is once again about to breakout after testing key support. Here is the post from July 1 2021
Remember Key areas can go either way, but there are clues as to the likely direction. Identifying key areas are vitally important to successful trading.
Simple setup with multiple bearish signals. A H&S with a Bear Wedge.
The Basics In Real World Macro Economics - Monetary System - Finance - Investing. While there are a lot of moving parts don't make it more complicated than it needs to be. Never mix Macro with Micro, Never Mix Politics with Macro. Just keep it simple.
Remember Key areas can go either way but there are clues as to the likely direction. Id4entifying key areas are vitally important to successful trading.
Love it or hate it this is what the chart says. Key areas are always points where it can go either way but the bias would be up in my view.
I have heard so many stories about why BTC that I have lost count. But I never heard the true reason Why BTC? So here it is. BTC is the world's first Global Dual Parallel Currency System (GDPCS). The fact that it cannot be debased makes it intrinsically valuable. Unless of course, you believe that Gov't FIAT will ever stop printing in excess. Now I used BTC as...
Keep it simple, good Risk/Reward trades :)
Truly this is the last stock that i could find that has not yet made the move it should. Though I featured it back on March 15th it has yet to make a move. But it's only a matter of time before it does. On the verge of a breakout from small channe.
I first featured DSX on April 28, 2021, when it was on the verge of a major breakout. Though I have been following it for years. Then again on May 7 when the breakout occurred. And again on May 19 Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power under certain conditions. Usually...
Nice simple bullish setup on the breakout.
"Printing for the people's Economy" is more like Printing for Wall Street Speculators. The only "Deficit Myth" is that deficits would help the poor.
Cute stories kill accounts. On April 9th I warned that no one should be trading TRX bc it is just a pump and dump penny like Stock. Admittedly I was just a bit early on the top call but right on not trading it which was the point. Though on May 17th I did call the top in this post which was the point.
Inflation has been driven by excessive deficits ending up as savings in the hands of the few net savers who ran out and speculated in all asset classes. Util Covid came along commodities were out of favor. When the $6 trillion in deficits (or 40% of Real GDP) in a little over a year ended up as profit savings in the hands of the few. Dollars started spilling over...
it seems like yesterday I was arguing with people about selling out of DOGE coin. The only people that got what I was posting were on tradingview. Well done to you all!
More data is needed to assess Risk/Reward.