Inverse H&S setup in play for Gold. At the moment it is high basing. Worth keeping an eye out for a CRACK higher. Just a matter of time in my opinion.
The transportation average breaking the first time warned us that things were not right back in July 2024. Today we are getting yet another CRACK WARNING! The TRUMP economy will be a disaster area if he doesn't change his ways quickly. Even then it may be too late. Trust in the government has eroded. Democracy and markets rely on TRUST! Trust can not be bought,...
Zelenskyy Oval office ambush did much more than ambush and betray an ally in support of a dictator like Putin. Betraying an ally destroyed the trust in the U.S. government. Without trust in the government, democracy cannot be, leaving only a dictatorship capable of surviving. Markets have spoken very loudly with trillions of dollars, not words out of people's...
KRE is starting to scream Danger! Wave 3 up ending. Multiple head and shoulders (one massive) the current uptrending is now starting to CRACK! signaling that the right shoulder will now start to form. I see no benefit for bulls to hold on as risk is now very high. Furthermore, this is a bad sign for the overall economy and markets as regional banks are US...
This is a very simple setup of an Eiffel Tower pattern that should be respected. Bulls do not want to be long with this setup. The Eiffel Tower patterns are rare, hence not much talked about or understood. But they are very powerful when the conditions are right. CAUTION!!
QQQ relative to money supply reveals that markets have never been this expensive in history, despite all the money that was pumped in over covid. Tulips! Caution is in order despite what "experts" may tell you.
I think it is important for people to full understand that the 172,000 job cuts from the Federal Government is more about showmanship than logic. The federal gov employees as a % of the population has been falling for decades through the growth of the population and the economy. This is the absolute best way to reduce gov. Debt, deficits, etc.. through growth,...
Answer Gold! The BTC/Gold ratio is on the verge of cracking here. A crack here will trigger a sell-off in BTC relative to Gold. This is a very simple, low risk, ratio trade.
Fully formed rising channel ready to collapse. -Where do I begin with this chart? Wave 3 up ending. -Multiple Double Top (Daily time frame and 4 hour.) -Head and Shoulders -Multiple CRACKS already in place. -Consolidation at the bottom of the structure All screaming DANGER to bulls!!
The Average Wage Earner Needs To Work166.5 Hours To Buy One Share Of The S&P500 If this chart does not drive the point home. Nothing will. Sometimes simple common sense is more powerful than all the fancy analysis one can buy or think of to create. Price is what you pay, and value is what you get! Remember that my friends. DANGER IS SCREAMING AT YOU!
This is a very simple chart to read. Airlines hitting a 7-year resistance trendline. Airlines are very capital-intensive and would greatly benefit from rate cuts. Despite inflation pricing power has not risen sufficiently even nominally. Oil has not helped their situation. We have seen many airlines go bankrupt, close shop, and reduce capacity. This indirectly...
RCL is in a very capital-heavy industry that is very economically sensitive. Normally I would say from erections some corrections. However this has the Eiffel Tower structure in place for a full-on reversal. That remains to be seen. For now, we look for at least a correction and go from there. Caution is in order if you are long.
Since my initial post, TSLA has lost usmuch as 24% of its total value. Do not expect new highs anytime anytime soon. At best it will flip-flop at these levels for a while. Again this is the best case scenario. Fundamentally TSLA is way overvalued. it is not even something anyone can debate rationally. Despite the horrible fundies, I did offer a buy signal...
As I have been saying in chat. It is hard to increase revenues, profits, and EPS without more workers producing. We have seen that reality play out in the data. Deporting prime-age labor and imposing taxes on ourselves is certainly not going to help. There is only so much output an economy is capable of. Giving tax cuts to the rich certainly won't change how...
Gold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline. Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information. I prefer people read this chart as a good way to set their expectations in case Gold stalls...
The 15 minutes of fame for TSLA & Elona is over! According to the chart. Wave 3 up, with an Eiffel Tower ending pattern. I got the top back in 2021 twice. 1st 2nd I caught the break out in 2024 I caught the top again in 2024 I am getting the end now in 2025. I am a macro guy so it won't be tomorrow but it's over. Yes, there will be some buying...
When a politician and their buddy start spouting nonsense about the US debt spiraling out of control, but then insist that tax cuts are great because they’ll create jobs, and all that money will somehow trickle down to the rest of us, magically boosting tax revenue to "make up" for the lost funds. Especially when that same politician was re-elected bc inflation &...
Here is a simple ratio chart of Home price/Household Income, YOY rate of change overlaid with plain home prices. A few things we can learn from this chart. 1. A 4 to 5 X ratio used to be the bottom and top for home prices relative to household income. the ratio in 2000 after decades of stability rose to 6X income. Today we have spiked to 7.7X income. Clearly,...