Google suffered the biggest one-day tumble in its history - some $70 Billion wiped out! Alphabet announced about 2 hours ago that Eric Schmidt the CEO for the last 18 years, will resign from June 2019, and will not seek to be re-elected. This is not great for investor confidence in the short term. Schmidt's resignation won't cure Google's woes anytime soon.
If you've never heard of the Yen 'flash crash' on 3rd Jan 2019 (after a 4 day bank holiday in Japan), you definitely need to watch this. We have a 10-day bank holiday in Japan in Golden Week.
The previous mini-crash was on one day. Loads of retail forex traders were wiped out. Now we're staring at potentially something more than a mini-crash on Yen pairs.
In this screencast I show two charts where crashes could happen. I focus on Wall Street which - affects markets globally including forex markets.
On the weekly time frame US Oil is beginning to struggle at a 61.8% Fib retracement.
Wall Street is possibly struggling at an important structure level. A whole lot depends on China. But dig deeper. See the CSI300...
There could be serious trouble just around the corner for the S&P500 and Wall Street. Just don't be an 'April Fool*'. Watch the video.
*April fool is figurative language. I'm not describing anybody on Tradingview, or anywhere else.
I'm sorry folks, to be bearer of bad news. Doomsday has struck stockmarkets worldwide twice in the month of March and May historically. Here we are right now starring at a possible third anniversary event - right on our doorstep. The US Stockmarkets that influence the world, is in a nervous state in the last 7 days or so. They're holding the tiger by the tail! Am...
In this screencast I review a number of indices: the ACWI, US30, NASDAQ100, India50, Japan225 and SPUBYUP.
The picture is pretty grim. Some say that the world is heading into a deep recession that's likely to be worse than 2008. Some of course say 'no chance'.
The India50 and the Brazil60 are the two main indices, yet to take a nose dive.
The India50 is...
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...
As per my analysis, we will see a major down turn in the Pound value which will bring it almost to the US dollar level. Time to think if we can hedge ourselves over the next few days or weeks until the short term upward movement lasts.
In my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these...
Just sold EURUSD and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI, this is without...
Short Term: Bearish
From my current analysis, I would suggest a final spike up to 14500ish is on the cards, followed by another major correction down to 7.5k.
Great opportunity to maximise gains if previously shorted and bought in low down the crash this week, with my target reached at a...
Bitcoin is going to crash very soon. It is obvious to anyone who has seen the anatomy of a bubble. Either regulation is going to fuck it or the people who own 91% of btc are going to cash out and fuck us all. short if you want to be rich
Follow the pre-Brexit into current price/action gives you a little bit more recovery, say 1.30, and then another 15c crash as we hit hard Brexit before March 2017. Just a fractal - the fundamentals have to happen as well!
This does NOT conflict with my short-term long post.