Bonds yields have been moving up at a fast pace recently - the 2 year bond yield moved between may and now nearly a full percentage point. Currently at the levels seen around 2008 right before the markets crashed. With real rates on the 3 Month bill actually reaching the exact rate before 08 crisis.
One thing I noticed is that the longer end of the curve, i.e...
QQQ currently in mid down trend channel. Probably will try the 260 level (weekly 200 MA and good support area) by the first week of July. From there should bounce up a bit before continuing lower later in the year.
The general down trend on the daily/weekly charts should continue probably towards end of year. If full blown recession and a real deleveraging occurs...
In the current high inflation environment we are in and with the Rus-Ukr war pushing energy and other commodity prices higher and higher, we can all agree yields on bonds have every right to move way higher then we have been seeing the past few years.
The peak of the 'Tamper-Tantrums' back in November 2018 (Seen with black arrow) we can see the 10 year yield was...
a lot of good upward movement in the past few days gave good momentum for the broader crypto market as well.
Seen here on the daily chart Bitcoin has reached its uptrend line it broke out of a little while back. Very often it gets rejected when trying to get back into that zone. Currently around the ema 9, there might be a good chance that buyers will come in...
Good chance we see AFRM push towards the 223 levels to close gap, and possibly test new highs from there. In general there is strong momentum behind this name from good partnership with amazon and good earnings report.
Today, There is a chance if the general market sentiment is low for it to retest the support (shown on the arrows) and from there bounce back up...
Analysis on hourly, so probably good setup for tomorrow. Looking at entering short at around ema 9/session vwap 425 level. Taking it to next local support at the 407-410 strip, probably good to close there as the ema 20 on the 4 hour at 413, so probably just dive through it and finish above it. So short quick trade could be nice here. This stock is a wild animal...
With all the hype around EV sector, and vast amount of growth potential, the wind is in the back of this stock - (traders saw what happened with TSLA) . Strong technicals behind it,most likely will reach the FIB resistance at around 19.75-20.00 within the next few days/weeks. Than might correct back down.
Great run since July for the GBP, mainly on huge dollar weakening (bringing up nearly everything - gold, eur.usd, oil etc etc) of course for monetary reasons, risk-on reasons, and huge amounts of covid raging in the US, have been the main contributes.
Looking at technical, I think its been a hell of run, back to pre Covid-shock levels (right around 1.31+ -...
Putting aside short term movements, that will probably go up-down between 1800-1650 for a while, with so much liquidity being pumped in the market, (if compared to 2008 prices and where it reached 10 years later (nearly 100% upside) more more central banks will not be able to stop low rates and liquidity injections not for the next few years at the least. I am a...
AMZN has a nice breakout, great momentum, positive room left on the RSI, compared to recent highs as seen on the arrows below the chart. Strong positive volume past recent sessions- pushing momentum.Even looking at greater macro events that could trigger the market back, AMZN is one of the stocks that I believe will still be a strong player if not the strongest,...
Boeing has suffered a lot, cancelled deals, unclear orders for the next 5 years, less money by governments will be spent on defense and space missions (big divisions), high expenses with max plane repairs, etc etc etc... its a long,list no doubt. Is there hope, of course, but in my view not just yet. Smarter people than me (Buffet) sold airline positions not...
Its been a nice run since the lows of March 23, Until the higher Fibonacci resistance at the 294 level reached on the 29th of April and again trying it on the 11th of May.
13th of May key moment possible when it crossed the 50MA and broke firm uptrend, (on the hourly seen on the chart) , broke previous support a day later at 280 Fibonacci level briefly though then...
Looking at the hourly chart, seems like tsla is ready to break down towards support at about 730. There will test additional uptrend and horizontal support. With a general trend downwards to possible reach the 600 levels.
Low volume towards the close on Friday, OBV pointing lower trend, barely resting on the 50 MA currently, and could not break with conviction...
