This is a bullish scenario for the price action of Solana in the first quarter of 2023. What are your thoughts?
Solana possible rally on 2024 What do you guys think? are we in for a flat market on 2023
Todays fed meeting has created a positive reaction to the equities and crypto market. Inflation is expected to drop and level off around Q3, while a rapid drop is expected by the end of Q1 2023.
Watching matics movement towards the FOMC meeting this month
Correlation between Crypto market cap and Nasdaq. 2021 - crypto was an inflation hedge / market hedge late 2021 - 2022 - growth stocks and crypto have higher correlation now.
Distributes building products in N. America. 5.5x EV/EBITDA, mid-teens free cash flow yield. (ROIC mini board) www.acouplecents.com Sector/industry is confirmed by the ISM
Retracement on the short term, SPY looking weak and due for a correction due, Finra investor margin debt is on at ATH relative to GDP (source: www.finra.org). Still have a bullish pre-disposition with $SOFI, playing the market highly defensive - will be doing partial to full hedging on portfolio these next 60 days. Tread carefully guys and good luck!
PMI (ISM) still showing growth for chemical products with an extended outlook of 2-6 month time frame. VIX still below year avg. Ideal time to load and take positions.
Bullish outlook on the 90 day time frame
SOFI+IPOE merger is on June 1, around 7 trading days. Past SPAC behavior has always dipped after merger but we will see if this can hold the price above $18.5 and $19.5 on the day of merger date. I have high exposure on this security and i will be getting a full hedge incase of a sell off. What do you guys think? 20x 17.5 October calls , 3x 15 October calls, 5x...
Adding to my Long entry position at the buy zone
Sector is bullish on a Fundamental Macro point of view. EPS is expected to be up 14% from last year.
Yellow is Key area
TP1: 30, TP2: 38 Position entered alot of institutions came in at $23.55 (around 14 million shares bought) according to fintel.io Stoploss: 21.65 ( no early stop triggers ) -not financial advice.
breakout will be above 88 cents, doubling my position if it hits 0.70. Lets see where this goes considering quarter ends soon