pstowe

pstowe

Haven't posted on TV in a serious minute, but this is my prediction for Silver over the next few weeks. One of the clearest counts I have ever seen, and seems like a no brainer with Gold breaking out as well. Lets see what happens.

pstowe

After reaching new highs in 2018, a major bearish divergence has formed on both the MACD and RSI. This can be seen by a much lower reading on the indicator, yet a higher high made by the price. Also, an ascending wedge has formed, which will likely lead to major downside upon crack of the lower support trend line.

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After an asset goes on an exponential run-up, it has a major correction. CRM looks poised to plummet over the next few months, as it has formed a very nice short opportunity here at $142. This chart is very similar to Bitcoin, in January of 2018. CRM looks to be stopped out by the 100MA (white line) as well. It looks very similar to the S&P in early December,...

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BMY is showing erie similarities of its last major cycle, and it appears massive downside is on the horizon. Decreasing RSI, strong support and resistance and the exact same chart pattern are more than enough to show BMY is likely headed down at least 20% over the next few months. Sizable downside in the overall market over the next few months will likely add to...

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Using Gann Fan, Fibonacci, trend lines, and horizontal support resistance, I think there is a good chance of a continued market rally with maximum upside of 2650 over the 4-5 weeks. This area corresponds to horizontal resistance, two powerful trendlines, the 0.5 Fibonacci retracement from the 2350 low, and the Gann fan. All of these combine will be extremely...

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ENIA is a company that has gotten smashed with most EM's over the past few months, but has had no fundamental changes. Price recently bounced off support at $7.00, and is up over 10% since then on big green volume. This is an easy long to hold over the next few months. My price target is $11.

pstowe Updated 

As the S&P500 approached its all-time high last week, it was met with massive resistance in the form of more EM problems. I strongly believe you do not need to know current news to analyze price action, because they commonly work together. Price has been attempting to get over this ket resistance zone in the past six months, and has not been able to do it. Whether...

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Earlier in the week, BTC dropped below 6K and had the chance to plummet below 5800. However, it quickly bounced back above 6K and has held, trading at 6500 as I write this. This is a very bullish sign, as a higher low has held which could lead to the start of another big rally for the entire crypto market. After the big downturn from 8400, the crowd was calling...

pstowe Updated 

Whenever an asset grows at an exponential rate, that is a red flag that a major correction is imminent. Netflix has seen unbelievable growth (along with the other FAANG's) in the past year, and signs are now showing that correction time has begun. Last week, Netflix reported earnings and user expansion slightly lower than the sky high expectations 'analysts' had...

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It is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base...

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It is easy to write about a long after it gains over 8% in one day, but this CROX breakout was more predictable than most realize. CROX first caught my eye when it bounced nicely off support at the long term uptrend line earlier in the month. I patiently waited for the MACD to begin curling upwards and RSI to be pointing up around the 40 level before I bought ATM...

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BAC (and the rest of the banking industry) has a rough few months ahead. The major institution has seen solid gains over the past year and is about to relinquish them all. The major indication this downtrend is about to pick up steam is seen as the 50 day moving average is ready to cross below the 200 day moving average, a major bearish sign known as the death...

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Over the past two weeks, the crypto world has come back to life and many are claiming 50K by December. Bitcoin recently hit $8500 after bottoming around $5800, roughly a 45% increase. This quick bounce has been catalyzed by the hope of multiple Bitcoin ETF’s being approved by the SEC in early August. Whales have gone long, causing retail money to FOMO, which...

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Earlier this month, my friend Harrison Schwartz wrote an eye opening article exposing the disaster that is in store for Chinese Real Estate investors (seekingalpha.com). The article analyzes the unthinkable situation China is in, and what is most likely going to happen. After reading it, my first thought was how can I make money off of this inevitable crash? That...

pstowe Updated 

After a significant consolidation period rattled by trade rumors and geopolitical fears, market sentiment and optimism has increased solidified by the record low unemployment rate. All technical indicators are pointing upwards as SPY gears up to test all time highs in the coming months.

pstowe Updated 

SPY looks to extend gains but correct much more in the coming years.

pstowe Updated 

This is the only reason why I am out of the crypto market right now. All technical indicators I use (Boll bands, MVA, MACD, RSI, stochastic RSI, EMA, WMA and others) are trending bullish, however, this is stronger than TA. This is human psychology. If institutional money doesn't hold BTC above 6K, there is no doubt in my mind it is going to 4,000-4,500. If it gets...

pstowe Updated 

If ROKU can break and hold above the pivotal $40 mark, it could start a breakout and test $50. ROKU has been consolidating for some time now, and with technical indicators pointing up, if ROKU can break the current downtrend resistance line I will be buying $45 strike calls and looking for a push to test $50 in the coming weeks.