A surreal dreamscape, when spilled on water, can ignite under the right conditions, creating dramatic (but harmful) floating flames—an event that brings people back to reality. The oil patch is on the verge. With an oil to gold ratio near all time high, the watershed moment is close. Accumulate through the near term volatility.
It's over. On the monthly. On the weekly. On the money flow.
All year EQT, an unloved natural gas producer has been a swing trader's paradise. I've harvested so many gains from these E-cutie trees I thought I'd make a thread just for it and post trading updates. The macro technical picture is clear. Years of being battered by shorts ended with capitulation in 2020, followed by a swift rebound. Fundamentals are tightening....
27db97e52ec7b1b43e5391bb5861b8d4cf37d3a7c3a1a06d3aa0533382d52733 Bitcoin's conservative addressable share of speculative assets is 2%. The total market cap of the speculative portion of assets are as follows: Real Estate: $2.14 trillion Gold: $7.83 trillion Silver: $108 billion (0.108 trillion) Stock Market: $21.8 - $32.7 trillion (We'll consider the lower and...
Some insights panned out, not all. Nevertheless, the red path was dead on top and bottom. Inebriated mania severed by a wyckoff top. The weight of the Monthly MACD momentum spike happened to tip price over, corroborated by price drifting underneath the 12 EMA. These were the signals. These signals are reversed now. Momentum is poised. 12 EMA...
The S&P has proven itself a safe haven over the years and will likely continue doing so. There are a ton of reasons why the markets should collapse, nonetheless here we are rallying into the sunset. Taking a step back on the logarithmic scale we can see the pattern clearly. We are in the midst of a 3rd wave up with plenty of room to run... but where to? Near term...
A decisive moment draws near as a familiar, but forgotten trend incredulously appears. Outlined in "S&squeezed" linked below, caution was appropriate until new highs were confirmed. Enough time has passed. The carcasses of blown accounts can serve as a launch pad to revisit the fib that was lost at 4500. This is now underway. Soon to find out which way...
Once-a-day obesity pill en route. Expect the share price to swell with the anticipation over the years, to the tune of 200%. Standard 1.618 long term extensions all but guaranteed.
Based on the previous CoT report, asset managers are short the Real Estate index 9,247 contracts which is 1,184% more than their average in 2020, and 840% more than their average 2019 positioning. Large deviations in asset manager positioning are good indicators of sentiment and risk. For example, asset managers increased long positioning in the Energy sector...
The current copper setup is a steal. Looking back we find copper price action is in a similar position to that of 2005. Overhead resistance above can give a rough estimate of a top should prices continue to break higher The weekly MACD is almost too perfect. Suspicious maybe. Nonetheless, support is $4.00 and only a sustained break below would arrest this...
Pour yourself a glass of Goldschläger and let's review the 12 steps before diving into this. 1. We admitted that we were powerless over the Fed -- that our balance sheet had become unmanageable. 2. Came to believe that a Power greater than our central bank could restore us to solvency. 3. Made a decision to turn our fiat over to the care of sound money, as we...
Bitcoin is a symbolic play against the House in a game of blackjack, hence the 21 million limit. The player soon finds the odds are stacked against him despite his enthusiasm Looking at the stack you find some things aside from the momentum indicators rolling over A. How euphoric does a market need to be to create laser eyes? 2. Or a president of a country...