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Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
The dollar looks ready to weaken across the board. From a macro level the US has to widen the deficits which historically has a negative impact on the currency. All the while inflation is trending higher with copper ready to breakout. Copper accounts for 25% of Australia's exports so a rising copper price is highly inflationary for AUD. For this reason I am...
Hi guys, I have posted my thoughts based on the "Italian Debt Crisis" narrative a few days ago. We have popped nicely from then and now look to be correcting on lower timeframes!
I posted a video this morning with my thoughts on the big picture expectations for S&P 500, from a macro level and a fundamental bottom-up appraisal of the economy it looks like we should move higher. Overlaying those views onto a chart suggests to me that we should begin our journey up to $3050 right away!
Hi guys quick update to my view on Europe, this is a follow up to a video posted a couple of days back!
Quantitative Tightening has been a negative deterrent for the S&P 500, however, given the relationship between Federal Tax Receipts and the Y/Y change in SPX we might see a less hawkish Fed in the coming months. This will create easier conditions to allow the SPX finish its 5th wave higher. From ISM, to wage inflation - CPI the cycle still has a couple more...
Crude Oil looks to be completing its ABC correction into the $69 range. Wave 5 would equal Wave 1 of C setting up a great opportunity on the short side of crude oil.
Big picture the Canadian dollar can see continued strength over the next couple of months. With an elevated crude oil price which directly impacts the currency through exports (54% of exports are petroleum related) we can see 1.16 before we turn higher.
We almost have 5 waves in from a 1h chart which is the first indication of a trend change. We do need to see price push a little higher before a wave 2 pullback and then onto $1340 to start a bigger move up and over $1400.
There is clear and present danger in the Canadian real estate market with Toronto house prices & sales down double digits on a year over year basis. The real estate market on the West Coast has been largely unaffected to date but I suspect its a matter of when as opposed to "if". The point is, when the market drops enough the CB in Canada will have to put the fire...
The copper trend should commence once overhead resistance is taken out. Wave 3 should bring us to $3.42 per lb before our ultimate target of $3.50 - $3.60 later this year!
Hi guys, a view on Disney. Content distribution is clearly the issue, however, I think that will soon be addressed. Lots of hype around Netflix passing out Disney in market cap but I think the upside is very much intact for Disney and the trend should reassert soon.
I posted a video about TSLA a few days back outlining the risks for the bears. Since then we have jumped a couple of percent right where it needed to. Tesla is a company I believe have a terrible business model but a great product, unfortunately, I don't know too many companies that prosper in that environment, however, bears might have gotten a little ahead of themselves!
I posted a video this morning with thoughts regarding the Euro and the narrative of a crisis being premature at best! Inflation numbers came out for Germany this afternoon at 0.6% versus expectations of 0.3%. Year on year we are at 2.2% which is far above last months 1.6% and above expectations of 2%. On that news we should see the euro strengthen and given the EU...
Credit in Europe and US and not confirming a Sovereign debt crisis in Italy YET. This opens the door to long opportunities!