Wallstreet
DJI: Kill zone ahead - scary stuff! It's a kill zone. But note carefully there are losses here.
You can't win in this business unless you're prepared to lose! I would welcome arguments on that one.
The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the loss stay out.
In this position I cannot predict that price will fall nor can I predict that price will bust up and through the kill zone.
All I can do is take a loss - an affordable one. There is a natural bias for winning positions. Hence seemingly unlikely positions tend not to be shown.
When price moves north it is natural to think it will continue moving north. But what if the trend picture is showing probability for the south at the same time. Scary stuff!
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
K92 Mining - Potential LongHi everyone!
Interesting key level in K92 Gold Mine. As long as price is above support is something to keep an eye.
Additionally, K92 Mining Announced Latest High-Grade Drill Results at Kora today with good future perspective: ceo.ca
NEXE INNOVATIONS - BUY NEXE INNOVATIONS
Technical Analysis
- 3.25 support broken causing price to find the next support
- 2.93 support is currently holding . This would be a good area to BUY if you haven’t .
- If candle closes below 2.93 , expect for it to fall lower to 2.22.
TARGET ?
- $7- $8
NASDAQ 100 – Week 6 – Earnings to impact Wall Street?A day earlier, the Nasdaq powered to another record closing high as tech stocks outperformed. In the current situation we expect the price to crawl towards the 14000.0 psychological level as we still have some bullish momentum left in the tank in order to wipe-out potential sellers. This target may be reached today, when FED Chair Jerome Powell will hold a speech in 4 hours from now.
Another aspect that can impact US100 could come from different companies that would report their earnings today, such as Coca-Cola (KO), UBER, GENERAL MOTORS (GM) & CME.
From a technical perspective, the price is moving righteously inside the channel, continuing to create higher-highs with continuous divergence forming on the Relative Strength Index. This is a sign that the bearish trend is running out of fuel, with a bearish move very likely on the cards that can push the price in its 13k’s.
We recommend patience and discipline. Don’t jump in any trade without a proper setup.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Why $AVGR skyrocketed in 2021?Avinger (NASDAQ:AVGR) is seeing a massive boost to its stock on Friday after being listed as a hot penny stock to buy on Robinhood.
The recent interest in AVGR stock comes after PennyStock.com published an article about its top penny stock picks for January 2021. Avinger takes the top spot on that list with a price target of $1, which represents a 53% premium to its closing price on Thursday.
Avinger launched Tigereye in a limited release in the U.S. and Germany in the fourth quarter of 2020.
The company is planning to expand its release of the medical device in the U.S. in the first quarter of 2021.
This will have it reaching a full commercial distribution of Tigereye during this period with a national launch taking place this month.
finance.yahoo.com
DOW JONES 30 (DJIA) – Week 7 – Will we fill the GAP?The Dow Jones Industrial Average hit a new high in Tuesday’s session, with Salesforce (CRM) stock being the top gainer in the Dow Jones today, up 3%.
Besides Salesforce.com (CRM), JPMorgan (JPM) and Goldman Sachs (GS) also outperformed in the blue-chip index. Another important factor was the big jump in the 10-year Treasury yield, which rose 9 basis points to 1.3%.
From a technical perspective, the price is moving up and down inside the ascending channel for a while now, with a chance of an increase towards the 32000.0 psychological level which coincides with a possible resistance area generated by the channel.
We expect the price to crawl upwards in the short-term, but the bigger picture points to a price depreciation that can fill the gap formed at the beginning of November.
We recommend patience and discipline. Don’t jump in any trade without a proper setup.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
NOK - 3 Potential Moves in the short termHey guys,
On multiple time frames, NYSE:NOK appears to have broken out (at the end of Friday). When I say "broken-out", I mean it has pushed through the falling channel it has been caught in on the hourly chart for a couple of days. Its hard to tell how it will react now that the weekend has passed, but I am hoping for some positive upward movement. NOK is involved in the 5G race, and has some potential to be a long term hold regardless of what occurs during this trade. It has just about had a full 100% retracement back to the price prior to the pump, AND it has confirmed uptrend candles (green candle) on the 4hr and 1D charts. In addition, the monthly chart (although red) closed outside of its downtrend resistance - signifying potential longer term uptrend. I apologize in advance for not having a strong enough account to post multiple pictures or graphs of the different time frames.
If you look at area #1, we can see the large green breakout candle and then what appears to be a flag/pennant forming (see descending red trend line and horizontal white support line. I was fortunate to purchase NOK when it was evident it was going to close, so I am already in profit, but am also entering a new position.
If we look at area #2, we can find evidence of the most clear resistance zone NOK faces should it try to make a move upward. See the two horizontal red resistance lines and refer to the left side of the chart to see that it has been tested prior to NOK's huge pump.
Lastly, if we look at area #3, we can see evidence of the most clear FIRM support (green horizontal lines) where there is good buying power.
Ok, now that we have a better understanding of how things are looking, there are about 3 likely scenarios (anything could happen TBH so have stops set).
The First scenario can be signified by the GREEN prediction lines
The Second scenario can be signified by the ORANGE prediction lines
The Third scenario can be signified by the RED prediction lines
Keep in mind that, on average, when a stock breaks out of any form of resistance or support, it tends to retest that same zone before continuing its moves up or down (see the prediction lines for a better understanding)
Patience is key, I can see myself setting a buy order $4.08 and a tight stop at about $4.04/$4.03 incase it takes the Orange Prediction line, OR set a buy order at $4.16 with a tight stop so I can buy at $4.08 if it fails.
This is what I am doing with my money, please make your own decisions. You are responsible for your money and what you do with it. Good luck guys.
EOS / USD Main trend. Triangle 1444%. Breakdown 18.22 / 44The graph (logarithmic) shows the main trend of cryptocurrencies like EOS versus USD. The base of the triangle is 1444%. Its maximum formation target is the $ 44 -46 zone. Now there is a breakdown of its resistance (for the third time) from $ 3.
The resistance of this triangle acts as the descending line of the main trend.
The accumulation took place in the area of $ 2.44-3.
Please note that the lows of this cryptocurrency showed such numerical values as 0.4972 and 1.1813.
The high prices were 18.22, followed by 5.4882.
The coin is suitable not only for local speculation, but also for positional trading.
It is from time to time in the top ten of the TOP. Now in 17th place.
This is not just a price chart for speculation.
The Great Depression Fractal Part VI - The Final ManiaIf the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth.
I like to think of the market as a breathing organism holding its breath for longer and longer. At some point, it runs out of oxygen and needs to exhale. The longer the breath is held, the less healthy the market becomes and many cells become deprived of oxygen. Once it finally exhales, life is pumped back into the cells and it can begin creating new life and sustaining again. This is why I think a big market crash needs to happen in order for smaller businesses and individuals to start regaining a foothold in the economy again. All that pent up energy in the stock market has taken it from elsewhere --- from arts, culture, education....these things are hardly accessible anymore. If someone wants to be an artist, they better come from wealth first because they surely can't afford art school, and they surely can't afford to spend years making art for zero income until they get their big break. You might say sharing art has become easier with the Internet, but with this comes a lot more competition, and many more barriers. It's always been hard to do these things, but right now we're experiencing a crunch where it's A LOT more challenging. Many refuse to accept or see this, though they do feel that there is something inherently wrong, hence why w're getting unrest on both ends of the political spectrum.
The fact that people can't agree on why things are this way tells me something else needs to happen. Not even a pandemic could snap people out of it, and this is because it largely affected those without wealth. So ultimately something will need to happen that affects the wealthy, and something that unites people under a more coherent narrative. if not, I'm quite afraid for what our society will look like in the next 20 years. Probably something out of a dystopian sci-fi novel. I mean, it's already looking that way.
Here is my original post about the "great depression fractal" from 2018:
It's a bit outdated, and I've learned a lot since then. But this is an idea I've been thinking about for quite some time, as you can see. My other follow-up posts are linked at the bottom.
Everyone with wealth is running away from the dollar. But people also have extraordinary amounts of debt. Eventually the demand for cash returns as people realize they need to pay back their debts, and that goes for governments and institutions as well. I think trimming some risk from assets at this point isn't a terrible idea. I finally did this with some of my crypto, as I mentioned in my last Bitcoin analysis, where I successfully called the recent top. I think the next generation of wealth will be made in the aftermath of the next great depression, NOT right now. This is only my opinion. Maybe I'll be wrong. Maybe I'm really just living in my own world.
In any case, it's very interesting how history rhymes; we got decades of wars and technological innovation, followed by a pandemic, and now a roaring 20's for the stock market. A hundred years ago, we got decades of industrial growth, the first world war, a pandemic, and then a booming period of heavy borrowing and spending on credit.
Now to the technicals
Zoomed in, you can see a bearish divergence on the monthly chart, and also how high I think the Dow can go before the crash:
I think upside will be somewhat limited by that long term rising trendline overhead (red). From there, it can drop back down to retest the broadening formation (orange), and if that falls, it should confirm our Great Depression II, meaning potentially an 80-90% drop for the entire market. And of course, it could always drop before it even gets towards the $50k target.
The bearish divergence on the monthly chart for SPX is still there! This divergence is what allowed me to call the market crash prior to the COVID panic, even before COVID really had started to scare investors.
But the questions remain: What causes people to realize it's time to pull out? And why can't the dollar just continue its decline to zero? After all, currencies do tend to be replaced...eventually. Interestingly, we are in an economic crisis rivaling the Great Depression, as a result of COVID-19, but asset prices aren't reflecting the real economy. Why? It has a lot to do with currency, as mentioned above. The amount of money printing has been absolutely insane. With this much printing, you'd think that the dollar's valuation would be at zero already. But observe this chart:
This is the S&P 500 versus the M2 money supply. What you can see here is that it's currently trending sideways, meaning that the stock market is actually not gaining in real value, and that actual growth has completely stagnated. The only reason stocks have been rising over the last couple of decades is due to this money printing and currency devaluation. This might change at some point. We do not know if this chart will break up or down, from consolidation. That's the true mystery here, and again why this post is entirely speculative. What would happen if this chart broke to the upside, for instance? It would mean that the market is generating real value. The last innovation bubble was the dotcom boom, and you can clearly see it on this chart. It still hasn't gotten even close to those levels. Right now, this is telling me that dollars will probably be printed again during the next crash. But what if it's not enough? Then this chart would break down, the dollar currency index might skyrocket, but the oversupply of dollars could ultimately lead to massive inflation.
I'm also seeing some hidden demand for real dollars, as DXY has broken the long term downtrend and held it as support:
I also think we're reaching a point where federal monetary policy will need to swing towards taxing the wealthy more heavily. We have not seen highest nominal tax rates this low since prior to the New Deal. To me, this is a signal that policy will likely shift in another direction. Even something as simple as that can cause a crash. Policy aside, although assets now belong mostly to an elite class, the 99% needs real dollars to pay their expenses. They will do whatever they can to get ahold of more cash, and that brings me to my next section.
The Revenge of Retail
What causes demand for dollars? Debt needs to be repaid. Limits will be imposed on borrowing, which means consumers will need real cash to enjoy life. The average consumer has spent the last year hardly spending anything on entertainment, travel, dining, and drinking. Once the pandemic ends, people are going to rush to live again. And many will need to borrow in order to make this happen and not miss out. Interest rates will need to go up again. Profit-taking from the stock market combined with the return of asset prices to Earth can cause DXY to break out. This is a possibility, and why I've taken my initial risk out of the crypto market after purchasing at lower levels. I still hold the majority for the long term, but if I see more signs of sustained weakness I might take more profits and increase my cash position.
What we see today in the stock market is clearly mania. What's fascinating is that we're seeing retail traders fleece hedge funds, which shows the danger of borrowing and money printing. It also exposes how arbitrary stock valuations have become, and how manipulated they can be. It also proves that the 99% does indeed have power over institutions. Forcing out failing companies by shorting them into the ground while deepening the pockets of cannibalistic tech companies has been the name of the game. But the game stops here (see what I did there?). Nothing goes up forever, especially not like this. I'm concerned about the future, definitely. But I think a crash would offer the next great opportunity.
Optimistically, I see a green energy and infrastructure revolution, sustainability, more robust mental healthcare, and flourishing arts as what could rise from the ashes.
Or, the status quo will continue without any large market crash, the wealth gap will continue to widen, and society will become incredibly boring. What we're seeing during the pandemic right now, especially in big cities like New York, is an incredibly boring world. Things continuing as they are, I think, would go against human nature. Humans naturally want to create, connect, and support their communities. Are we really leaving these vital elements behind? If not, I think we will see some massive shifts over the next decade in financial markets. I'm just preparing myself psychologically for something ridiculous.
I'm having fun exploring possibilities, and I hope you are too. This is not financial advice - this is meant for speculation and entertainment only!
-Victor Cobra
WALL ST VS OIL CORRELATIONKeep an eye on the price of oil as there is a direct correlation with DJIA due to % of energy related stocks
Markets ready to droo?12 months ago, almost to the day the markets began a huge correction - will history repeat?
DXY continues to go lower as inflation kicks in in the long termDXY looks bearish which is good for risk on assets in the long haul, with inflation likely coming due system being flooded with more cash this will mean a weaker Dollar in the long term.
YFII analysis targets projection and fibo YFII price targets at 1 projection and -0.618 (1.618 revers).
1st blue projection target
2st red -0.618 retrace resist
Then :
1. STOCH : 5 3 3 , wait momentum oversold
2. MA : 90 (blue) below candle white (expectation after close 1D)
3. VOL : Positive (+)
4. Fibo. retrace : Golden
Thanks
NOTED : not 100% and wait for elon ? 😂 nono 😂😂😂
Buy the dow Here we can see a probable fakeout of the rising wedge reversal pattern on the dow. Hourly moving averages are very bullish though we are a little extended from them.
The main thing is that as we come out of covid its clear that industrials will benefit massively and I expect them to really grow this year, dow will be a star performer.
twitter.com
We can see how strongly the dow was bought all last week and now that we reached another all time high in the futures market we can probably expect a rapid move to 32,000. Best plan is to trade the index long or pick out some star performers to add to your portfolio moving forwards.
We may get a gap fill on open and some consolidation before a move up, but likely a move up is definitely coming
Press the follow tag for this trade above and ill keep you updated as we progress
IBM LONG BIAS IBM looks really strong to buy after testing HTF Demand. D1 demand already played out now we can use all fresh levels on H4 H1.
Goof luck
short dow divergence near ATHNice MACDH divergence on the hourly here on the dow. Short this until the wedge break and then look at longs to rip through All Time High. Stop at top of divergence 31255
GameStop The bears are winning the fightThe GameStop company, a chain of video game and merchandising stores, has been in the news for a few days due to the spectacular rise that its shares have experienced on the stock market. But what happened?
1.- After the rise in GameStop shares are individual investors grouped in the WallStreetBets forum of Reddit
2.- Large investors were shorting GameStop and decided to take advantage of it to buy shares in the company. By investing in these stocks, the price started to rise very quickly.
3.- Began to buy back the shares they had sold to minimize losses, but that only caused the price to rise further. This is known as a short squeeze.
4.- As of today, February 5, 2021, the stock price has dropped. This has caused people who bought shares at the highest point of their value to lose a significant part of their investment due to the drop in price.
If they like me, reward me with a like or coins tradingview
PLTR falling wedge patternIn my chart you can dee very nice patter `FALLING WEDGE`, that means that the stock will go up. Also the fib is dhowing the same sing - we have a strong support now. Hit like if you ar eholding with me!
DJIA AT A KEY LEVEL The multi year bull channel coincides with the steep rally channel from March lows so these levels are key for breakout or profit taking
AMC ST (February 2nd 2021)AMC Entertainment (February 2nd 2021 through March 2021)
Low: $0.15 - $2 - $4
High: $9.89
So in the short term, it's not looking good. Technically this could still get a bigger short squeeze in the future but we have a period of consolidation ahead of us for now if that will even be possible in my opinion. Otherwise this will get driven right into the ground. Grab the popcorn, it's heating up. The battle is on.
I do not have a lot of hope for the smaller retail traders right now. From what it looks like, a 4.236 fibonacci was fulfilled and there will need to be a LOT of buying to help recover past those levels again.
Now, if we imagine a scenario where the coveted pump happens so long as the bears aren't going to take over completely, the next levels to watch for serious selling action for could be: $40 - $64 - $88 - $102 - $165 - $264
But it needs to top its last high of $25 first, and it can be possible but is a lot less likely now that price has shuttered as much as it has the past couple days. Not looking good in my opinion but this will be interesting to watch.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
