Chad_McDeid

Chad_McDeid

I also like the 30 year T Bond going into a hawkish fed environment, interested to see how low can we go.

Chad_McDeid Updated 

In short I theorize that the real estate sector is overbought, I think those people who got in at the covid lows created a huge trend that is now parabolic, at an extreme, euphoric, whatever you want to call it. The trend hasn't changed, yet, on any of my timeframes, but I think this is mature and it has my attention for the short side. Maybe the first couple...

Chad_McDeid

Fundamentals: Central bank is raising rates, easy money is over, this should slow and change the commodity price trend we have been in for the last couple of years. Quarterly: - 8 consecutive up quarters as of right now. - I think a healthy pullback to the trend line breakout area is in the cards. Monthly: - Approaching big potential resistance from the last big...

Chad_McDeid

Fundamentally, I think the fact that rates will be increasing will position a lot of fundamentalist's on the long side of the US dollar and we all know what happens then, it goes the other way; My humble, 2D opinion. Quarterly: - Big potential support and pre buying demand before the bottom of that triangle is tested. I'm inclined to agree with those who say...

Chad_McDeid Updated 

Fundamentally, a lot can happen in this market in terms of geopolitics, and it happens so far outside of my time horizon that I choose not to pay much attention to it, I cant try to play politics, nobody can make sense of that trash, I like raw data. Quarterly: -Potential big resistance confluence. -8 consecutive up Quarters? Monthly: -Not a very impressive new...

Chad_McDeid

Fundamentally I think as work from home gains traction and stability in the marketplace that companies such as this increase in value as demand for such services rises. Also its not really correlated with the overall stock market, most stocks are overvalued right now. Quarterly: This stock is currently finding demand at the .786 fib retracement after a nice...

Chad_McDeid

Quarterly: Potential resistance. I wouldn't call it on one quarter, but I think its good for some temporary downside at least right? Monthly: Check out that tweezer top, double top, whatever you choose to call it, it further validates my theory. Weekly: Why not test the 200 week moving average at 95.00? Daily: Trend line break back inside the trend that went...

Chad_McDeid

I've been posting this range for a couple weeks, looks like were finding buying demand, note how the daily chart isn't finding supply at the recent highs of the range where it was finding sellers in a day or two previously, Now its consolidating. Today or tomorrow I expect.

Chad_McDeid Updated 

Demand seems to be picking up. I think here might be a good time to switch from short to long in day trades and swing trades.

Chad_McDeid

Fundamentally I feel like the marijuana market is attractive at these prices, I started calling the market last week and now I'm looking for individual stocks to *Invest* in. I dont trade stocks. Quarterly: Currently at a price range that has acted as big support and resistance in the past on the longest term chart we can look at on this asset. Monthly: I...

Chad_McDeid

Fundamental view: I use this company personally. My girlfriend introduced me to the company when she signed up for their services. It's a great idea, they basically send your pet a customized goodie box every month. Pet industry sales surpassed 100 billion for the first time this year. This company IPO'd a year ago roughly, I know a lot about early stage...

Chad_McDeid

People aren't going to stop eating burgers and fried chicken this year. Carrols restaurant group owns Popeye's Chicken and Burger King. Quarterly: Sold off to an extreme (Green arrow) When you see an extension like that in a mature trend it's often called a blow off, oversold, or parabolic condition. As indicated in the following quarters, we found...

Chad_McDeid

Technically speaking, I expect the crypto market to make further downside for the short/ medium term, I'll hold and wait for lows closer to the 200 week moving average.. Quarterly and Monthly are high relative to the average true range as defined by my Keltner channels. (Indication, not a signal) Weekly we have slowing momentum to the upside, as you can tell the...

Chad_McDeid

Multiple timeframe technical analysis is a top down technical approach that gives an investor or trader much more perspective than simply viewing one chart. Although price charts of different timeframes often contradict in their signals, with practice the investor/trader becomes efficient at spotting higher probability opportunities. First and foremost, I want to...

Chad_McDeid

Quarterly: I typically pay little attention to this timeframe in this fast moving market. but I think its worth noting we haven't had a down quarter in a year and the risk of betting on the top of the range and the trend line breakout are the same now. Monthly: Tweezer top candlestick pattern, two attempts failed to break out of implied range and close with any...

Chad_McDeid

Quarterly chart is outside its implied range and is forming a shooting star candle (won't close until year end.) Monthly chart is clearly showing a slowing down of momentum. This most recent trend leg up failed to match the previous in relative strength. Weekly chart has a a lengthy history on the 200 period moving average these days and is due to revert to the...

Chad_McDeid

Monthly is at best a pullback in an uptrend, at worst the bottom of a range if we stay flat. Weekly is well into value buy area in terms of relative prices. Daily is finding demand at 1.20 and is breaking out of its most recent downward price action. Fundamentally this is a newer asset in the space, I theorize that if crypto assets go into a bear market from...

Chad_McDeid

Buy fear sell hype. Big support on the quarterly. Deep pullback on the monthly with a signal candle forming (couple weeks to close still). Oversold on Weekly and Daily. I think this may be a great level to start accumulating long term shares for investment. I dont pick stocks to trade often. Usually if I buy a stock its a long term play for the tax breaks. Hard to...