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Powell hints at rate cuts this year: What do you think?
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iamiam joined discussion · May 1 07:10

UPDATE May 1

MAYDAY!!!
UPDATE May 1
     🤣  hahaha, my favorite gif 🤣
🎵 Here's where the story ends

It's that little souvenir of a terrible year
Which makes my eyes feel sore

It's that little souvenir of a terrible year
Surprise, surprise, surprise 🎵
I'm going to try and get a post out. I'm really uncomfortable and sore, but there are some big moves and big news ahead.
A little Sundays to start the day
As I said, I'm fresh out of the hospital again. I've been oversleeping and much too tired 😫.  I feel guilty for not posting more. I'm far too active in my group and am sure I'm annoying everyone 😂 but enough chatty chat, let's get serious.
UPDATE May 1
They're stealing from you. Be Wise, protect your wealth
UPDATE May 1
I don't mean go buy them today (unless its physical, and I prefer the P metals 😉) but watch them and accumulate them. Miners and Oil/Gas and Energy companies are the runners of the future. I want them on this drop.
Here is my Miner list
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some random charts i had
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Here is my Uranium list
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My Oil and Gas watchlist
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My Potash/Chemical watchlist
It's planting season!!!
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My Coal watchlist
UPDATE May 1
My Shipping watchlist, because the materials have to move somehow.
UPDATE May 1
My Weed watchlist
UPDATE May 1
UPDATE May 1
Why weed or Cannabis? because I believe they have bottomed. Do you buy after a 40% run-up? NO, you wait. because after this sweet, sweet run it will come crashing down. And that's when you buy. Me?.... I just collect

loading...

Here are some monthly weed charts.
UPDATE May 1
Just - Yes, Yes, Yes
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That's what I own and what I plan on buying.
                           Now to the markets
UPDATE May 1
A big Employment numbers day and then Powow delivers
UPDATE May 1
JOLTS comes  out half an hour after open sandwiched by PMI, and Powell speaks 2 hours before close. These times are Pacific, so for Eastern Standard or market time, add 3 hours.
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UPDATE May 1
Here is a simple set up for today.
    - IF -
Bulls can not get above 18335, then it is still bearish. 18115 is where a lot of liquidity is, and it is the 100% extension of the corrective wave (meaning, I wouldn't be surprised to see price run there before reversing)
Price remains under 17660 it is bearish
price breaks 17115 (previous low) then more downside to as low as 16000.
1 hr chart
UPDATE May 1
438-440 is the high target zone, IF it can break that, then new highs should be next.
Below 413.07 and 400 is the next likely target
UPDATE May 1
Markets should swing like crazy today.
Be Safe, Be Careful, Be Wise
and as always
Good Luck
UPDATE May 1
There is a chance we have major topped, I think we get one more run. but the market does what the market does.
Remember    - the news doesn't direct the market, it let's the market do what the market wanted to do all along.
UPDATE May 1
UPDATE May 1
That was a lot of information packed into a meme filled post 📫
To sum up
it should be a very volatile day, I expect big swings. IF Bulls 🐮 do not sustain a massive day, then more downside is expected. I expect the markets to have one more bullish push, but not until it gets all the downside pressure off. The market right now is adjusting for new rates. This changes the evaluation of ALL companies. That's why the broad selloff outside of weed because weed was just reevaluated as being more available 😉
UPDATE May 1
iam neutral. I own commodities, but I own them cheap and can ride these waves. I'm adding every day to companies I think are in my buy zone, or I want to add. I do buy writes.
if anyone has questions about commodities or any of the companies listed, or maybe you found one not listed and want to know about it, feel free to ask. I've been around the fields for a long time and know about most of the companies (unless they are newer) odds are I know or knew someone in the field 😉
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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iamiam
Engineer, Commodity Buyer, Alert Bettor, Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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