There is something to be said about speculation. Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced...
I am flattered to have had a request for a chart. Special thank you to @RocketFuel20 🙂 My view of this chart is that the price action is somewhat inconclusive at the moment. That said, we CAN summarize a theme for which there is evidence to believe that this AG is NOT YET ready to buy: How does the price behave? Following a top, we observe from August 2014...
If you have 11 years of "data", and if you were asking for $21,000.00, is this a risk that you take???👤
I have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF. NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT. Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short. I will...
Hello everyone, It is with the utmost conviction that I must return to a trade posted on June 7th, 2022, and admit, I was WRONG. I have to own it... the breakout has failed; I have stopped out of this trade.
I have bought TTI and I am looking for $15ish, where I will plan to reduce 50% and hold until it reaches the all time high near $30.
Boeing looks like a good long term buy and hold. Currently down over 70% from ATH. I may buy this. Will update if I do.
Bearish structure within a bearish structure.. going with bearish on this one. Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro. Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"? I don't know, but price looks...
If you bought this pair when I first featured it here, you have made money. If you were leveraged 50:1 - which - often is the case in forex, you have likely returned more (% returned) in this trade than what you can expect in three years of investing in a vanilla benchmark-tracking 401K. I remain long USDCNH and will continue to cover it for the foreseeable...
"bitcoin fixes this maaaaan" "it's hard to hodl when your cost point isn't below $25k" (soon enough) "bitcoin is sound money maaaan" "global currencies maaaaan" "satoshi's vision maaaaaan" You've heard it all. Don't be fooled by the crypto gurus and the blockchain dog park movement. Just wanted to provide a quick update as bitcoin continues to collapse from...
I have doubled my short position as of today. Earlier this week, I posted a rather stale chart of Tesla (lol). At any rate, here is what I see from a technical perspective: Double Top Lower Highs Rising F-Flag (bearish) The CEO out there meme-ing in real life. It's a set up for a complete catastrophe in $TSLA stock. I think $500 - $550 is probably. God bless, Chief
Tesla appears to be failing against all-time-highs. I will look to enter a short position and will update here once the transaction is complete.
In the event that this chart breaks $13,000 and proceeds to consolidate below $13K, I would be more convinced of a deeper selloff. That is not to say that it couldn't just collapse to $10k without any kind of subsequent bearish structure; it definitely could. That said, we also see price caught "awkwardly" between the top of a longer term 12-Year structure, and...
Taking a risk here with USDCAD to the long side, as it looks like a great risk-reward setup. This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that...
My bias for crypto remains to the short side. Normally I don't look at charts with such a dramatic orientation; however, if there is a chance at all that this orientation is later validated as THE top, that would be enough for me to remain short. Right now, bitcoin is barely hanging on in what is a fairly textbook bear-flag. Be well!
Looks like there is such a thing as bad publicity. $DIS barely hanging on. I think anything above $150.00 is a fairly safe place to short the Disney stock. While I have not entered a short position yet, I am considering it and I will update this chart when I do it. How deep? I think this thing can easily lose another 50% - 60%. We will watch ! God Bless!
Bought USDCNH. This position is consistent with my bullish $USD thesis. Chart shows it is a good risk-reward. Macro backdrop supports it. God Bless! Chief
I mentioned recently on twitter that I am long USDJPY. Not much to say about the dollar, other than it looks like it wants to break out to the upside. Additionally, the macroeconomic tailwinds support a bullish dollar thesis in a couple of ways: 1. The Federal Reserve has been very transparent about their intention to continue to raise interest rates through...