Down slightly today and testing the 50 EMA, the markets have realized bullish continuation in spite of rampant inflation and long-term labor shortage challenges ahead. Daily PA has pushed above 200 EMA with sustained sideways chop for a week, regaining about half of the retracement following the late Nov ATH. The Federal Reserve FOMC/Central Bank regime has...
$BTC PA with strong inverse correlation to $USDT MCap. Interesting potential to consider as a potential indicator or reference when considering BTC directional bias. Worthwhile to monitor/compare on different time frames.
Bitcoin weekly has had two evening star candles in short period of time as the markets grapple with sharply rising prices, declining sales, and a massive labor shortage. Markets are beginning to price in rate hikes, but have yet to entertain the implications of rampant, widespread inflation or the reality of an aging population with low and continuing lower...
Bearish pattern forming on $ALGO Invalidation w/ candle closing above $0.905 Target 1 Zone $0.85 to $0.86 Target 2 Zone $0.71 to $0.74
The markets are realizing the implications of unfettered QE and bloated central bank balance sheets via widespread sharply rising prices (rampant inflation) coupled with labor shortages. Durable goods & housing sales slowing, consumer sentiment at the lowest level in 40+ years. These massive headwinds coupled with global nation-state pressures has driven...
Bitcoin is currently in an ascending consolidation channel, breaking down each of the last 4 times. Given BTC's consistency/tendency with ascending & descending channels, expectation is to see $BTC price breakdown as inflation reporting and FOMC draw nearer. Pretty straightforward approach to assess $BTC price/direction. Once PA sets a consolidation channel,...
Bitcoin has been touted as "digital gold" and even as an "inflation hedge." When you compare BTC to Gold with long-term channels, the Bitcoin chart does look to mirror Gold at approx 15.6:1 timeframes... at least until recently. Bitcoin's creation coincides with the biggest regime change since the USD was disassociated w/ Gold in the early 1970's, its entire...
$NDX has followed the same general trends as $DJI & $SPX, seeing pullbacks as economic reporting comes in (CPI, PPI, DGO, New Home Sales... The relief rally following the Fed's minimalist 25 bps rate hike has now reversed as markets prepare to absorb March's inflation numbers reporting next week. Expecting retracement from the blue channel downwards as the FOMC...
Inflation starting to become more persistent, markets ignoring the Fed's cautionary tone and modest 25 bps rate hike. March inflation reporting comes out next week, the last inflation measure prior to the FOMC meeting in early May. Volatility for S&P 500 likely to increase with potential exceed the March 2020 spike in the coming months. Currently, expecting VIX...
PLTR missed forecast by nearly 45%, the CEO (Karp) has been critical of short-term event horizons. Couple the previous miss with: - Economic: Macro headwinds due to sharply rising prices w/ rampant inflation that's looking to be persistent - Technical: Support on the 20/50 EMA will be tested again seemingly, bigger focus is being rejected without gaining...
$ALGO's last two local highs both saw spinning top candles on the daily chart. Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks. Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
Bond yields serve as a leading indicator of economic performance, with major headwinds in the form of inflation and labor shortages, short-term yields have begun to invert demanding higher premiums than longer-term bonds. As the bond market moves in anticipation, volatility increases and serves as a signal to the broader economy. $MOVE provides a benchmark with...
In April 2018, Bitcoin experienced a relief rally and gained nearly 55%: - Lost ~70% - Rallied ~55% by end of April - Retraced >68% through November 2018 Recently, $BTC experienced a relief rally gaining 46% since late January, retracing then regaining ~40%... assuming a near 70% retracement puts PT approx $14k and aligns with numerous bearish price...
Asset/equity valuations at extreme highs, clearly aligned with sharp price increases reflected in core inflation. Apple Valuations: PE 28.3x to Industry 15.6x & Market 16.8x PB 39.5x to Industry 1.4x & Market 1.9x PEG 7x All supported by dramatically high central bank balance sheets. Trendline with unsustainable rising prices reflecting an unhealthy dovish...
BTC Monthly reflects slowing momentum, with PA failing to gain 7 SMA as support. Massive double top setting up for major correction greater than -20% in early May due to broader economic headwinds. Inflation reporting for March comes in CPI 4/11 & PPI 4/12. Federal Reserve FOMC meeting in early May prior to April inflation numbers published. Monthly...
$VSBGF has developed emerging sensor and display technologies into commercial applications with huge upside as the company continues delivering against its long-term plan. Earnings coming May 4th on the tail of Federal Reserve FOMC meeting will be interesting to watch as the company is not only profitable but continuing to deliver with big name partnerships and...
Zcash continues to reflect bearish decline in spite of the wildly volatile price action. Trendline indicates sub $100 PT remains valid, although $240 is within reach & flirting with $260 is not unrealistic. Solid opportunities for momentum trading long & short positions.
Widespread economic data reflecting unhealthy market indicating significant risk of total market correction (stagflation/recession) 1. Inflation (CPI, PPI) sharly rising at levels not seen in 4 decades 2. Leading indicator: New Home Sales declining, with increasing housing supply 3. Lagging Indicator: Durable Goods month over month and year over year declined 4....