Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead.
Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years.
Combining the "large-time-frame"...
The indicators of economic distress are vast.
Sometimes I don't know what to post, but you have to post something to trick the little AI bot police.
Anyway, lately things have been feeling a lot like the summer / autumn of 2008. Rampant fomo everywhere, but you can tell the market is getting tired, after a ridiculous full-employment rally.
So now, we have CAT...
With the stock market already trading near the 2031 fair value target of $434.98, it's a wonder how far out investors are willing to bet on S&P 500 earnings. Apple and Meta found some resistance near their average analyst targets, and now we have to figure out what comes next. For me I see t least a 50% retracement for the S&P 500, which sits around $412 per...
So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19.
To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know...
After a long uptrend of many years we exited the uptrend channel and event went under the 200 MA. This year started with a rally back to this level, but now it seems like that we flipped support into resistance. More downside is expected
OK ladies and gentlemen. The moment that we have all been waiting for.... Shorting the stock market.
We can clearly see we are reproaching the old range low of the daily range before the confirmation of the bearish trend occurred last month. We should expect that to provide resistance for price and thus a short term short opportunity will be in play. However, I...
No I don't know where the bottom is but....that trendline tho (fun fact, same exact angle from 2015)
Bids are in... (they may never get filled, which is v cool, will be focusing on alts in that case)
Primarily the green line (3457.13)
If we drop further I will be buying down to 25XX level. The stop loss pictured here is not automatic.
As a Bitcoiner my risk...
NVidia closely resembles the Bitcoin chart! The manufacturer closely supplies digital infrastructure companies (crypto miners), many of whom are currently contending with low digital asset prices, regulatory clampdowns, and expensive hardware prices. Consolidations are imminent. And the secondary market for GPUs will likely slam retail prices and orders with the...
End of the bull run
Global Equity Indexes:
1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing.
- IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest)...
At the start of 2016 the PBOC began aggressively devaluing the off-shore Yuan against the USD, imo in an attempt to start the year with a competitive export:import advantage - with the aim of making 2016 a headline "come back" year for China amid the growing GDP growth and Credit bubble worries.
As a result Equities across the board sold-off (-8.5% in a few...
