Look for the GO! In the Break, Test and Go breakout Setup.
Recession is coming, remember who told you this. :) BUY THE DIP Small blue diamond WE ARE CLIMBING THE WALL OF WORRY Small blue diamond ITS A HOAX Small blue diamond JUST THE FLU Small blue diamond NIBBLE ON THE WAY DOWN Small blue diamond BE GREEDY WHEN OTHERS ARE FEAR FULL DON'T FIGHT THE FED They are all going to get crushed!
Nice risk-reward to short on the break lower. I don't often give such short term trades since I am more of a Macro Investor but when I see one I will let you know.
Anyone who thinks the Emergency -50 bp rate cut is bullish for the economy is wrong. If you believe that CoronaVirus is the cause, you are wrong. If you think the coronavirus is just the "Flu" you are wrong! If you are a "BUY THE DIPPER", "NIBBLER" or PERMA BULL You are in an extremely risky position as a trader. As I have mentioned in prior posts Coronavirus is...
Unlike a Bull Market Bear markets do the opposite at much faster speeds. Look for another big down day today. Again I don't do such short time frames often but I believe it is required at this point.
Oddly enough NAS100 is still in a bullish formation after completing a 123 wave up since DEC 2018. A 66% increase in a little over year fueled by Exessive Liquidity, Taxes cuts, Rate Cuts, REPOs, Trump Tweets that triggered algos. China, Japan, EU Stimulus (more of the same) Resulting in Euphoria asset price inflation (known as multiple expansion). The problem...
How low can we go? On the previous post on SPX we had 2 scenarios. Eather we broke down there and then or we make a new all-time high than break. Scenario 2 played out and we got the breakdown we were waiting for based on the massive impact Coronavirus (see previous comments) would have in the Macro Economy of the world. Here is the first target we expect.
Black Monday setting up a Bear flag on a 15-minute chart Normally down 3% I would not post such a chart but I believe this may be a Black Monday the setup is correct with good risk reward
The next wave about to begin down in China? For obvious reasons this is a nice risk reward setup.
SPX is trading at a key area with mix messages coming from the price action. Is it a bullish wedge to break out to test all-time highs? or A break test go breaking of the longer-term channel? I will go with the "Break, test, GO!" and say short is the probability. Fundamentally speaking, isolating the #2 economy on the planet from the rest of the world is a...
This is worse than people expect. I hear too many people sayinfg buy the dip this is like SARS EBOLA and MERSA. I disagree! We going much lower.
Nothing has changed the bias remains bearish. Markets do not like uncertainty and pricing in risk. Airtravel is first to go, Retail 2nd. As an Airline Captain flying in Asia and into China I can see things up close and personal. Today 7,816 confirmed cases worldwide, 170 fatalities with 124 recovered. The growth rate has slowed to 30% per day a good sign but...
As I mentioned the last post on NDX we were expecting a bit higher mover than pause or correction. It appears the time has come for the correction. Look for a break lower.
NDX is hitting up against limits within a rising channel that started back on Oct 3, 2019 that is now up 20% . After yesterday's Fukery move we have now developed a Megaphone structure. Typically this has two basic probabilities. 1. Rides the upper trendline a bit more and corrects through time. 2. Sharp reverses and corrects within the channel and possibly...
On a risk/reward, this is such a nice setup short. Nice easy Stop on a break and hold above.
I would wait for the break out to put a position on but this has the potential to rapidly push higher quickly. My interest will be the breakout above the bigger structure. Bitcoin has a nice habit of waiting until people Schitt on it for a while and then pop hard. Will this time be different?
Given the social unrest and stocks at all-time highs the risk/reward to own INDIA is not favorable.