welf

welf

The price of Wheat is going parabolic and most of you are wondering, does this spell a recession? Historically, almost every time wheat prices spiked; a recession soon followed. In the early 1970's when wheat prices peaked, the markets pulled back 41% in about a year. Then, in the early 1980's, we saw the market pull back 23% in about 600 days. Interestingly...

welf

Tilray is moving like any other popular investment. Follow it on these dates and if it's moving as predicted, purchase 6/2020 calls. (FTZ 89) 3/13 6/24 9/1

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My next price target for Bitcoin is at previous support around $6271.97 on Coinbase. Please note that price targets vary depending on the exchange. Let me know what you think and happy trading! Thanks, Steven

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My litecoin price target has been reached and I'm closing it here. It could go higher to but as the old adage on Wall Street goes ""Bulls make money, bears make money, pigs get slaughtered". For those that asked what my next target would've been, it's 0.019429 LTC/BTC and after that I'm predicting that it's going to be pretty gloomy for Litecoin for the...

welf

I had a lot of people doubt the recent pullback that I had forecasted but it happened. The psychological truth is, people will believe what they want to believe so if they're a Bitcoin bag-holder, of course they want the price to go up. However, they must never forget about supply and demand. Anyhow, if history repeats itself which it always does in a similar...

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Short term analysis brings me to believe that Bitcoin will fall to around $6448 - $6819 in the short term. Since I feel that the end is near. I will be buying at those levels but not aggressively until the bottom is confirmed. --- DISCLAIMER Disclosure: I/we have positions in the investments/securities mentioned. I wrote this article myself, and it expresses my...

welf

If you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but...

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Things are starting to brighten up for Bitcoin. I feel like it's safe to say that the end is near. Those that follow the Dow Theory are waiting for that final confirmation before they officially label it a bull case. Personally, I will be taking more aggressive positions on the dips once the confirmation has been made. --- DISCLAIMER Disclosure: I/we have...

welf

Here's comes the bitcoin bounce to 8170 and beyond. Additional price targets to watch are 8513 and 9279. If it can break these levels, 10,000 will be next. We will know shortly the path of least resistance on whether we're going to enter a longer bull or bear market with bitcoin. Stay tuned!

welf

Q1 Earnings across the board has been fairly week compared to previous earnings in the bull market. My suspicion is that most traders have been waiting for this earnings to rally so that they can sell in this rocky market but since that isn't happening, the weak hands are giving up their positions. But let's take a look at facebook and other tech earnings such as...

welf

This pattern has many similarities and differences to the Dotcom Bubble but the recovery will be healthier because in comparison to the market size of the Dotcom Bubble, the stock market cap reached 6 trillion dollars which is much larger than the cryptocurrency market cap in December 2017 (800 billion). I feel that there's still some time before we encounter the...

welf

Let's face it, investors love Starbucks. Even after it's most recent dismal earnings report, the floating interest is at 1.62 %. I'm in for the short term bounce. Let me know your thoughts! Steven W.

welf

Seems like all of the short term fear of SegWit2 disruption is fading which could be very bullish for crypto-currencies. In the short term, Ethereum has broken the resistance line which is bullish but we will need to see future support levels to validate this move. Let me know your thoughts! Steve W.

welf

My gut feeling tells me that the #segwit2 event will just be a sideways trading event and then the bull rally will resume. Let me know your thoughts. Thanks, Steven W.

welf

This is purely speculation and analysis of the dollar. Not taking any positions at the moment. Reasons for the future price of DXY should depend on the following: The financial condition of the U.S. economy Outcome from Fed's decision to wind down assets Interest rates Cryptocurrencies Love to hear your thoughts and let me know which side are you on?

welf

What: Short term relief rally followed by a decline Why: Bullish flag followed by a bearing descending triangle Fundamental: The overall market seems to have been confused with the results of the recent presidential election. What may seem to be a positive thing for markets could be short lived due to the rush of buyers along with a short squeeze. Fundamentally,...

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NYSE:PB What: Bearish pattern Why: Rising wedge breaks below trend line Fundamental: Bank stocks had a decent rally this year partly due to the increasing odds of a rate hike but that's probably priced in by now. Looking for a 10%+ pull back in the coming months. Profit Target: Price target at $49 on 2/2/17 Stop Loss: 10% above current price

welf

NYSE:PXD What: Bearish pattern for $PXD Why: Rising wedge breaks below trend line. Fundamental: Natural resource industry is showing signs of weakness after it's rally this year likely due to the negative outlook of the OPEC decision in late November. Profit Target: Sell target at $146 & 5/3/17 Stop Loss: 10% above current price