Latest update for Apple. We may see some sort of recovery in July, which may see markets across the board move up. If we break the selling trend, it will have created a head and shoulders when selling continues downward. Again, this is a possibility, as selling might intensify. Atlanta Fed has revised their Q2 GDP down to -1.0%, putting the US in recession. This...
Who could have guessed markets would rally in an ocean of bad news: Worse than expected CPI Worse than expected PCE Worse than expected Chicago PMI Joblessness Rising Missed Earnings Q2 GDP Contraction in Recession Collapsing Home and Auto Sales Who knew you could miss earnings, lose millions in revenue and your stock price rallies like...
It seems like the US Dollar Index has peaked (as of now) at 108 which pushed gold and silver down drastically. But we could be on the verge of a massive breakout in silver, back up above $25 an ounce as well as gold back above $1900. You could start a position now incase silver continues upward or wait for DXY to fall below 100, but by then, you may miss a...
Since economic data means nothing anymore, and since the market is no longer has any connection to the economy, I guess we can rely on TA...? Who knows. It seems like the S&P has hit a ceiling as of now at the 200MA. RSI is high on the 1D. MACD has PLENTY of room to come down. Let's see what happens.. it could be a red September.
Is this market ready to break? This was a significant rebound, almost unimaginably unrealistic... 5-weeks of straight rallying through the tidal waves of bad economic news, rate hikes, QT, geopolitical tensions, ect... Let's see what holds for August and September, which are two months that aren't great for stocks. If you do short, go to at least the end of...
Here we are in this bounce in the markets. We are seeing lower highs, lower lows. It is the best time to get into a position now. If you look at the timelines from peak to sell, its about 2-months. We're about overbought, and the economic data coming out is pretty horrible. Retail, autos, housing, buying and consumer sentiment, debt, revolving credit, personal...
Boy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic. Logically, markets can and should ignore all TA...
This stock came up while scanning for stocks that are primed to fall. Take a look at the MACD, it has crossed with plenty to fall. The stock itself has formed a megaphone pattern with plenty of room to fall.
We're taking a look at Apple here. This ticker has been known as a quality stock that investors flock when other tech stocks take a hit. MACD is playing right there in the middle and this could go either way. Money Flow Index is showing that there could be more up to go. Markets have been rocked by the recent banking crisis that is still not over. We're now...
Based on fundamentals, economics, economic data, geopolitics, Fed QT. It'll be a zig zag on the way down. S&P completed a 50% retracement during this last 5-week rally. The trend seems to have reversed with a resumption in selling that started in Nov 2021, accelerated in Jan 2022, with a recovery in June to Mid August.
This is one to watch. As the US Dollar Index (DXY) falls, gold and silver will go up. Take a look at the 1M MACD, we could see a long bull run in metals, especially silver.
It seems by all indications that we are heading into a bear market. With raising interest rates, tapering, and shrinking of balance sheets, we will see the Russel take at least a 20% tumble from the current price. The 100MA puts the Russel 2000 at around 1400, and further down on 200MA. A couple of key points: Only 40% of Russel 2000 are above 50-Day MA. Only...
It's high time we accept the new reality of the inverted reality. The week of July 25th was perhaps one of the most volatile in a long time. Why? We had CPI report, earnings, and Fed Rate Hike. What did volatility indecies like UVXY do? They sold off. It doesn't take too much logic and common sense to see something egregiously fraudulent is taking place when...
We may have seen Apple hit a double-top from May's high of $151, which we hit again today. With a week of earnings, including Apple's earnings on 28th, it could go anywhere. According to their guidance they expected a slowdown, lets see how this plays out for their price. Per economic data, it fully supports a sell off but these big cap names is what is keeping...
The rally of mid-March was fueled by Corporate Buy Backs. Retail investors, Hedges, and Institutions are still net sellers. QE per the Fed officially "ended" today. The consumer is in worse shape yet again and this will reflect in retail soon as people don't need a new phone, laptop every year and switch to every other or two years. Ironic though that Apple hasn't...
It looks like we may see a rally this week. The markets are oversold and we may see a few more days perhaps week of rallying. MACD for the 1D is showing that Apple could move higher. Unfortunately, the MACD on the 1M continues to edge closer to crossing, so the possible rally will be short lived. Targets - $168 - $172 -$ 176 If we can not break resistance...
It's been a very volatile 2 weeks since Jan 24th. We've seen some massive moves in both directions, mostly a "recovery" with 200, 300 point rallies. Earnings season is about over, and the rally was as expected. CPI came out today, hotter than expected, and using older CPI methods, it's hotter than reported. Anyone can see that inflation is well over 10% when...
Where to begin? In my history of learning, reading, trading, analyzing, I have never seen a market more manipulated and completely disconnected not only from the economy, but reality. We have come to a time in our society where economic data no longer has ANY impact on equities. We witness the week of Feb 7th till today, Feb 16th a release of horrible economic...