just_a_guy

just_a_guy

Tesla just completed a 16 week acending triangle pattern. Based on my charting princpals the price target should be $1430, lets watch.

just_a_guy Updated 

Last night ~1 am the Senate passed the ]Coronavirus Aid, Relief, and Economic Security Act or the CARES Act and this boosed overnight tading to my $2,490 retrace target. Since then it is down ~1.1% and with as swath of bad news coming (US unemployment claims data, consumer confidence, and ISM PMI's) and increased lockdowns across the nation I beleive that S&P...

just_a_guy

In about an hour 7:30 CST we are going to see something we have never seen before.... With the COVID-19 starting to take significant hold of the U.S. economy I believe this week we will see a massive rise in unemployment insurance claims that will translate to massive unemployment. My current estimates are anywhere from four to eight million if you use Canada...

just_a_guy

The SPX was up 9.38% on 3/24 on the expectation that Senate will pass ~$2T stimulus bill soon. Any market should rise when approximalty 10% of the countries GDP will be infused into the economy. Unfortunately, my current thesis suggests that ~$2T won't be enough, and it may take multiples of this to slow the economic collapse. Technically, there are two...

just_a_guy

As a part of my fundamental view, I believe the world is going to be in need of dollars vs the rest of the currencies. The classical rectangle pattern is showing up if DXY can close the mont above $102.2 it is very possible for it to run-up 111-115.

just_a_guy

What if the DJI preforms like it did back in 1929? This would suggest the DJI to go down by ~90%.... Just a thought.