Bull trend break confirmed with 3 day below candle, expecting to head south searching for first support.
There's a strong price patterns between oil and gas, both are our biggest energy source, oil is like gold, and gas is like silver. Oil price going up often is the signal of bullish gas price. We are seen a drop on the gas price due to lower than anticipated draw at EIA data, but as economic opens up, energy demand for east coast, and inflation expectation will...
Narrative for sent the bill of China Virus back to China is set, China has everything except the raw resource, Soy Bean keeps going up and up EVERYDAY, it is because of political issue, not supply issue, if you go to any US farmer and ask if they made money last year, they won't be too happy about the return they got. With more lose chips leaving the hands of...
EUR will be going down to all time low, as the China WuHan Virus take out most of the economic activities, the EURO zone productivity won't recover due to socialist welfare system, the risk of starting a new business is much much higher than just do nothing, as the existing business can't afford the risk and welfare burden, it would be just the right time for...
As the last chapter of USD, the EUR will fall down to infinity before USD become as good as toilet paper. Strongest Short sign on Monthly chart, let's keep our fingers cross
6cents each quarter makes about 24cents per year, let's say their earning triple in the next 2 years, which make it 78cents for each share, with the risk taking, let's say PE ration of 15, makes their stock share fair value @ USD11.70, competition are on the way, and impossible has a better close to real meat solution and product, BYND's stock value are truly much...
Buy @ 109.27 , Stop 108.75 , Target 112.00
As Chinese economic keep falling, as China government only have any more bullets to save the top management's luxury life style, PLA refuse to put anymore stimulus into the market, which has created liquidity issue for RMB, Which push RMB higher, and which also provide the pressure on stop lose for short order from Wallstreet. But... the liquidity issue in China...
Short EURUSD @ 1.10355, Stop 1.10825, Target 1.08 From Weekly chart and daily chart, we can clearly find there's 2 trading triangles. Both, has been closely guarded by the market. Let's face it, ECB is NOT going to tighten their currency policy soon, EURO zone's economic is too closely rely on China, and as China free falls, so does the EURO economic, that's the...
GBP has tendency of forming double head than reverse, which has been confirmed on daily chart, short @ 1.2865 Stop 1.2950 Target 1.2500
As the last crazy bull rampage all over, the precious metal become less precious than before. But do not let the mirage foul you, even the stocks runs high, but the profits and earning are heading south. China is also going to make more trouble along the way, which will drive the equity price higher... Than, same like the all time high of French Stock market at...
The trend is clear, and OCT trade talk will bring the Silver down to where it started.
In South East Asia, there are large amount of physical gold just been put on sale into the market, rumor says the sellers are all PRC national, many pop up with usually 1~8 tons of physical gold, looking for cash or real estate, welling to take 5~8% discount from market price.
Bond market is somewhat much larger than equity market, as Europe entering negative rates, US government bonds gives hope for those who plans to retire in the negative interest rate market. Unless we see US interest also goes into negative territory and start QE, there's going to be continues demand for the dollar and dollar bonds.
Short since on the top and short more now at 161.45 STP167.80, Aiming at 145.xx
3M has been down since high of 260, with PE Ratio (TTM) of 18.29, and Forward Dividend & Yield of 5.76 (3.31%), it is certainly undervalued.
As 10y - 2y government bonds went into negative territories, money will flow out from Europe.