One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office. Looking to the...
One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office. Looking to the...
I like to take bar patterns and compare them to what has happened before, to try and see where the market is taking us. It's just a manual way of doing what machine-learning algorithms perform. With the abysmal performance of Bitcoin lately I see one of two things: Using traditional analysis, there's a possibility that a very large (around 4 months long) teacup...
The Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session. The strong move up over the past two days or so comes after President Recep Tayyip Erdogan announced on Thursday to raise the minimum wage by 50% starting next year. Erdogan also said that the...
As of recent, there have been some major events occurring within the organisation ( NYSE:TWTR ). I'm sure many readers are aware of the fact that Jack Dorsey ( Former CEO) stepped down from his roll on the 29th of November. Forecasters from all over, including analysts from CitiGroup ( NYSE:C ) believed that when Mr. Dorsey stepped down, the price of Twitter would...
NASDAQ:NFLX has been notorious for having a rather conservative investment policy, being reserved in all means of their financial interactions. Whether we're referring to their accumulation of debt, acquisitions or overall spending. In recent times, their management has been making very questionable financial decisions. Their most questionable financial decision...
As of this week, ENS (Ethereum Name Service) tokens have been airdropped to .eth domain holders. The idea was to issue tokens for governance and policies, but the odd thing is that they decided to let it have its own market. I think the idea behind this decision is to make the connections between politics and money explicit, rather than trying to deny it or...
Latest update on the Evergrande fiasco. It's looking like this could be much bigger than even the alarmists have been speculating so far. tl;dr - the US media is very poor at covering foreign news, especially when it comes to money. Be wary of what you read out there. China is likely to let Evergrande defaut, which will stand in stark contrast to what we did...
Let's be honest, the chances of congress not figuring out this debt ceiling problem are low, we should be positioning ourselves for the higher probability event. Disclaimer: I am not your financial advisor
Trend Shift Indicator saved me from the worst of today with two weird peaks and a precipitous indicator drop that seemed scary enough to make me sell prior to the worst. Despite the very short upswing TSI is still hanging low. Volumes aren't great and the volatility is likely not over. We are exiting the speculation phase of sentiment-is-all and moving to the...
As September began last week, the markets are nervous. Stocks have seen some pretty awful seasonal price action in September and October. Crashes occurred in 1929, 1987, and 2008 in October. Commodities are highly seasonal markets. Some commodities typically reach seasonal highs and lows during various months of the year. Futures prices ordinarily reflect...
Along with $SBGI, $FOX, $NWSA and $GTN companies have seen broad based weakness in view ship. Will the trend continue and lead these lower? We'll see!
So far Virgin Galactic was an abysmal investment for me. Although I bought CFDs low at about 24 and sold a lot higher, I started buying shares up there and the price dropped. Anyway, I am planning to buy some more shares between $20 and $25 if the price gets there. Why am I planning to buy when I am already exposed to SPCE? - this company has good prospects...
Remember that you only need three points to paint a CHANNEL. June's bottom was predictable and it is now confirmed that the price will likely continue to hit the dashed SHIFTING POINT OF CONTROL from the technical perspective. I rarely speculate on news in forex markets, but fundamentals are so strong for this pair, that I can not ignore them. The South African...
In the short term a SELL, in the long term a BUY! SELL/SHORT ENTRY: 5.08 EUR TARGET: 4.35 EUR (+14%) STOP: 5.55 EUR 1.) Medium-term resistance level at 5.20 EUR seems to be too strong for the actual company situation! 2.) This stock could be of great interest to investors looking for returns. 3.) Now it's getting political!!!! The German government's...
Just checked WallStreetBets and they are striking again. I want to make a few points. • Before opening a position, it is good to have an exit strategy. • Successful market concepts are often built upon the recognition of institutional accumulation and positioning oneself before it is over. • Market doesn't care about one's ideology or the news (unless it is...
I had a few friends that lost money investing in NYSE:BABA for their upcoming Ant IPO. The reason Alibaba stock got crushed was pretty apparent to me and I wanted to do an illustration on Tradingview so that others can have the knowledge going forward in their own investing.
USDCHF D1 - Carried forward from last week, big daily S/R structure here, seen the downside break, looking for the subsequent retest and to find resistance at circa 0.90400. No stacked confluences here, just a simple break and retest of daily S/R, daily candlestick confirmation would be a must. Probably be more inclined to use this pair as a comparison pair, to...