I only publish charts that are wrong
On its earnings report today, Microsoft reported better-than-expected earnings and guidance, but issued first-quarter revenue guidance slightly below the Wall Street consensus. The poor revenue guidance was partly, but not completely, offset by slightly better-than expected guidance for first-quarter operating costs. Overall, the magnitude of the earnings beat was...
SPY closed up 0.57% yesterday. Beating small caps and tech mega caps indices for a change. Stimulus talk appears positive for the market. Buy the rumor. Coronavirus count increase a negative. But each day brings vaccine availability closer. ES futes treading water, up +4.5 handles as of now. Mom Squeeze indicator remains pointing higher. NY advance-decline...
Markets have been moving today on the back of positive vaccine news amongst concrete stimulus hopes. Silver rallied to a peak of $21.319 as investors and traders bet that a push to green energy will provide a silver lining to the metal. It is interesting to note that Silver has outperformed its counterpart Gold, with a 70% rise since its March lows. Analysts at...
BTC weekly chart is at a pivotal point. With heavy resistance in the 9.4k - 10.5k range it’s gonna be hard to break out for awhile. Volumes been really week, we could see a further retrace of this rally to around the 7.9k level or lower if volume continues to drop. Plenty of resistance below, I don’t see a drop below the 6.5k level. The fed has started to decrease...
Since my last publication back in April , price has performed pretty much as expected. We did close a little above the 9.2K level at the end of May, but we could consider that within the error margin. This month we attempted to break higher, but 10K seems like a hard stop and by now we are back below the 9.2k key level. Bitcoin price is very stable as we have...
Total crypto market cap in blue and SPX500 in red. There’s a very clear correlation over the last year. Maybe this has something to do with the fed interventions that began around that time (repo markets). As the fed continues its course of “unlimited” action will we see prolonged correlation or is a divergence imminent? Only time will tell if unlimited and...
Mortage choice Entry - 0.735 Exit- 0.925 Government stimulus favouring the property market in Australia. Overall optimistic sentiment due to better crisis control. RSI in mid-range but relatively overbought Classic Dow theory: Trendline support Risks 1. Expecting sideways movement next week and a breakout either way--> Tight stop loss 2. Retesting...
M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by...
Technical sell as price pulls back for another leg up as Euro stimulus continues. Maybe dxy gains some strength which will help this move but that's not the idea behind the trade. The traders trying to buy the 200 MA here will be funny to watch lose. Happy trading.
Germany is set to approve a new fiscal stimulus package worth an estimated 80 billion euros. Makes for ES futures drifting up 0.45% and a solid bid underneath the markets as of now. Yesterday SPY closed up 0,40% and the grind higher continues. WTI crude is higher by about 2% as of now, which augers well for the small caps. U.S. CONGRESSIONAL BUDGET OFFICE...
Short and concise as all of my charts are. I believe in the methodology of coming up with a fundamental approach to reading the charts, and simply test these beliefs with TA to either confirm or reject the fundamentals. This late-week rally leading into the weekend has A LOT of stipulations involved which is why it is very difficult too identify a clear and...
✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Today we are looking at NASDAQ Mini Futures (NQ1!) for all of you looking to play QQQ or its derivatives. The Federal Reserve is buying ETFs, stimulus is pumping, and tech is flying with everyone staying at home. Unsurprisingly we have been seeing the Qs inch back up near all time...
NASDAQ:MAR Just bought Put on Marriott (July 17) $80 for $755. I'll keep Ya'll up-to-date. If I am wrong, this is going to hurt.
The SPX has broken above the 50% fib level and looks set to visit the 61.8% retracement. Prior Analysis We have already moved beyond my prior analysis targeting the typical 50% retracement, whilst this is not uncommon it is certainly a testament to the power of stimulus and a positive narrative, or perhaps naivety, as the Federal Reserve has stepped up their...
The stimulus package is no joke. It is the largest economic stimulus in American history with $2 trillion being pumped into the economy. All should know that when more dollars are printed they lose their purchasing power and prices go up (inflation). I went short the dollar with a target equal in length to wave A at around $96.50 and a stop loss at $101. EURUSD...
The Gov bailed out rent for aviation companies Middle Class get nothing Middle class have been raped for all of US History I will take my revenge on the dollar buy that bitch skank a gonner
I suspect that the Phase 4 stimulus bill, which Trump wants to be $2 trillion dollars, will include some funds for the 5g rollout. That might benefit companies like Nokia and Ericsson, though I'd expect the US government to favor US companies in any contracts for infrastructure build. Thus, I'm looking today at American Tower. On the hourly chart, AMT looks like...