Revolving credit skyrocketing is not a good thing as the interest is high. Short-term money creation is fun initially but repayment longer term is miserable and deflationary as money earned in the future does not go to consumption but rather interest. Despite all that revolving credit expansions we have not made new highs in the S&P. It is worth keeping an eye on...
As I try to explain in the video, learn how to extract information from the data do not try to apply your vague hunches and feelings TO the data. Both in charting and in macro economic analysis. The proof is in the pudding. Don't forget to follow and get more great objective content.
A simple risk-reward short setup in DDS. Despite very strong retail sales data, the trajectory is unsustainable. With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt rather than consumption. I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed for...
CAT does great when the global economy is booming. Not so much when it's not. As such breaking this key area of this structure suggests we are near a recession. As I posted before with FEDEX and many more that are not published here, there are many suggestions we are heading for a recession by market participants. CAUTION!
COIN has had several monster moves that appear to be coming to an end as pressure starts to build at the bottom of a fully formed valid structure on the verge of breaking a key area. We could go all into the fundy but it is not necessary at this point. The chart says it all. COIN Bulls CAUTION is in order.
This chart has a history of breaking upper trendlines before pushing lower. It keeps making a series of lower highs. This time is no different. 1 in 10 homes is now worth at least $1 million Newly listed homes -24.8% YOY Number of homes for sale -18% YOY If it were not for such a low supply of homes this chart would have collapsed a long time ago. However,...
FDX is certainly not the holy grail of analysis when it comes to the global economy. However, we cannot ignore what the market is saying about it either. We already know for a while now that OPEC cut oil production due to a lack of demand globally. We also know that oil prices spiked due to the Russian invasion of Ukraine. The US countered that spike in prices...
We have seen this many times before that has produced high-accuracy calls. Great Risk risk reward.
M2 money supply reaches its peak corresponding with a decline in the stock market. Coincidence? No. In April 2020 I posted the same chart with the words "#MMT Everything" Gov't Free money backstopped the risk to investors fueling a massive Stock Market Rally and Inflation. Euphoria on Steroids. Most made the mistake of reading market Euphoria as evidence...
Great stock had a fantastic run but it seems it may be topping out in a wave 3 in a bearish rising wedge that needs to correct. Wait for the CRACK!
Red Roof Inn, "You can smoke crack here!" An easy way to remember Red Roofs are bearish structures. H&S everywhere. This is a simple setup with great risk/reward. If the price breaks above the Roof it's a stop on the short. If not enjoy your profits.
Yet Another Bearish Structure. This is a simple setup. A fully formed valid bearish rising wedge that is about to crack. Gove the state of the market the crack could come fast and furious. As such I am posting it a bit early. However, wait for the CRACK!
It is never easy to call a short publicly in kick-ass companies like Apple, CRM etc.. In fact, it is TA suicide! Being a hero is the world's shortest-lived job. I know it, yet I chose to put my a$$ out there and risk great humiliation from astute gentlemen, ladies, trolls, and pikers. Believe me, it is far worse than losing money! Having said that, it doesn't...
I don't know how many times during 2021 - 22 I heard AMZN will "save the market". I wish I had a penny for each time someone said that. As we all know AMZN didn't save the market. I heard it again yesterday and rolled my eyes. Anyway. We have an erection (that we know is followed by a correction) right into a double top. (we also know a double top can either...
In 2023I will focus a bit more on helping the tradingview community to become better traders and investors using my approach. I will use the update feed to post my Comments, Thoughts, and charts about economics, trading, and investing. I will try to answer questions but am limited in what I can say publicly. Please keep that in mind. Of course, I will keep...
Most don't realize it but stocks are actually down -20% inflation-adjusted. Remember no matter how high the price goes we are always 100% from zero. As such losing 1/5 of the total value is a horrific loss to investors. "After Nukes, Inflation is the 2nd worst thing that could occur to people." Charlie Munger TRUE! So when you hear your favorite economic...
NFLX has been very strong for over a year now. However, all good things come to an end. We have a Head and Shoulders pattern about to break structure. Great Risk reward setup
Dashes ---- on PE is all I got to say about that. Going up a wave is fun! Going down a wave not so much. CAUTION! is in order!