When markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem...
Everything is cyclical. Every asset has its own cycle eventually in its own time. From Crypto to Real estate and Technology.
I crossed compared the Energy sector to the Technology Sector. XLE/QQQ
Then overlaid the Technology Sector to the Energy Sector QQQ/XLE
As you can see there is many clues where one will always outperform the other.
You just have to hold...
Looking for long term investments is always a challenge. Thing is you need to know what you are looking for. It makes a difference to find a company that is oversold and is sitting on the 200 moving average. I have an idea that we have a gap to close between the yellow lines. I think but, time will tell, that this stock possibly could break through to those yellow...
Bitcoin short squeeze continues to the 30K resistance. In terms of momentum this move is significant and should shape smaller time frame strategies, BUT the bigger picture is another story. New resistance is the 31K AREA, new support is 27.5 to 28.5 AREA.
Based on the new developments in price structure, I suspect a potential test of 31K BUT I believe a break is...
After the VIX sagged to under 13 at times in the third quarter, October has brought about the bears and higher volatility, as if on seasonal cue. The S&P 500 peaked in late July right when many mega-cap tech stocks reported second-quarter earnings results. The AI-fueled rally that gave equities legs following the SVB crisis in mid-March finally lost steam.
The...
On the afternoon of October 3rd, 2023 something unprecedented happened in the U.S. Treasury market. For the first time ever, bear steepening caused the 20-year U.S. Treasury yield and the 2-year U.S. Treasury yield to uninvert.
Bear steepening refers to a scenario in which long-duration bond yields rise faster than short-duration bond yields, as bond yields...
This Pinefest was closed October 28 2023. Congratulations to its winner, alexgrover with this script .
█ CHALLENGE
Create three functions that will return the exact value where two data series intersect: crossValue(source1, source2)
crossoverValue(source1, source2)
crossunderValue(source1, source2)
When a cross occurs, the functions must return the...
Prepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process.
We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is...
Welcome to the Day Trader's Toolbox, a 3-Part series focused on enhancing your day trading skills.
Day trading is all about seizing quick opportunities without overnight risk. In this first instalment, we'll delve into a fundamental tool every day trader should understand: the Previous Day's High (PDH) and Previous Day's Low (PDL). These levels are essential...
Yesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report:
→ earnings per share = USD 3.73, expected = USD 3.49;
→ revenue = USD 8.54 billion, a year ago = USD 7.9 billion.
→ the main surprise is that the number of subscribers grew by an impressive 8.76 million in the...
This is Part 3 of my epic series breaking down every major, relevant Segment in Bitcoins' price history, and explaining how they fit into the 'Historical Elliot Wave Count.' In short, what this Count implies is nothing less than astonishing: Essentially Bitcoin has just completed a decade long, (Running Triple Three) Wave 2 Correction and is now in an extremely...
I am a big fan of Heikin Ashi (HA) candles! I think they are among the most powerful candles one can use.
If I were asked to trade a raw chart without any indicators or math or anything like that, I could do it with a Heikin Ashi chart. If you follow me, you will probably have seen a lot of my tutorials and education on the use of Heikin Ashi candles, as well as...
US stocks surprised much of Wall Street this year with a strong run that defied decades-high interest rates and recession calls. The rally was fueled by slower inflation and hype over artificial intelligence.
But more recently, the Federal Reserve's unwavering higher-for-longer rate stance and a deepening bond-market rout have had a sobering effect on equities...
Not too long ago, watching interest rates was as boring as looking at wet paint dry. Not anymore. Interest rates and currencies are as interesting as they get. The US dollar has been clocking moves more akin to an EM currency.
The greenback has been on a rollercoaster ride over the past three months in line with market expectations of Fed’s interest rate policy...
NASDAQ:TSLA reports on Wednesday of this week, October 18th. Last quarter, it had a gap down on its earnings news based on Year over Year comparisons which triggered High Frequency Trading (HFTs) to gap the stock down. Quarter over Quarter, however, NASDAQ:TSLA has shown consistent growth this year.
The problem with determining if the HFT gaps are likely to...
Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application.
In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the...
