wonderful redemption products in moomoo. hoping to redeem more in 2022
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$Agnico Eagle (AEM.US)$ time to all in the bulletssss🚀🚀🚀
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Is this the year that digital assets went mainstream? Venture capital funds have poured about $30 billion into crypto, or more than in all previous years combined for the little more than decade-old technology. That's almost quadruple the previous high of around $8 billion in 2018.
As you can see, some firms have bet more on crypto. But is it an ideal choice for every retail investor?
The 5% rule of investing is a general investment philosophy that suggests an investor allocate no more than 5% of their portfolio to one investment security—especially those risky assets like crypto.
Do you agree or disagree with the 5% rule?
Did you put more money into any crypto-currency this year?
As you can see, some firms have bet more on crypto. But is it an ideal choice for every retail investor?
The 5% rule of investing is a general investment philosophy that suggests an investor allocate no more than 5% of their portfolio to one investment security—especially those risky assets like crypto.
Do you agree or disagree with the 5% rule?
Did you put more money into any crypto-currency this year?
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Take a look at the annual seasonality chart of Gold for the past 25 years below.
Generally, Gold forms a bottom in November and starts to rally up in December all the way till February. Since this is an annual seasonality chart, it does not mean every year Gold will behave as per the chart above. Rather, it means that Gold tends to perform in this seasonal pattern based on averaging the data for the past 25 years.
Next, let's visualize the current context of Gold together with the performance of the identified bullish season (from Nov-Feb) in the monthly chart below:
Since Gold hit the peak at 1923 in 2011, it had a sharp selloff to 1100 and consolidated between 1050–1400 for 6 years (2013–2019). After that, Gold broke out from the accumulation range with a sign of strength rally and hit all time high closed to 2100 followed by a backup action to 1700.
This multi-years formation looks like a cup and handle and we can further divide into 3 trading ranges (boxed up in blue) and two trends (boxed up in pink). Obviously, from 2011 till now (2021) Gold is not in a clear trend.
Within these 10 years, I have highlighted the season from Nov-Feb (in orange) with the findings below:
- In the first range (distribution structure), the performance during the season is flat to negative.
- In the selloff (trend) and start of the second range, the performance is positive.
- In the second range, the performance is positive 6/6.
- During the uptrend, the performance is positive 2/2.
- In the last range, the performance is negative 1/1 while the current season is still unfolding.
Based on the above, the bullish season from Nov-Feb has worked very well in the past 10 years, especially when Gold is mainly in a sideway range and not trending. The only flat to negative performance is right after a buying climax and within the distribution range.
Is the current range a distribution or re-accumulation?
Let's focus on the price action and volume as shown in the weekly chart below.
After a buying climax formed in Aug 2020, Gold had a pullback in a down-sloping range. Supply has been decreasing (as reflected in the volume) from left to right, which is a sign of accumulation.
Last week, Gold just broke out from the downtrend line and the resistance at 1825 with increasing demand. In terms of Wyckoff phase analysis, this could be phase C pending a sign of strength rally as a confirmation, which could take Gold to the immediate resistance at 1960 or even all time before another reaction sets in.
Gold Price Targets based on Point & Figure Chart
The immediate target for the potential sign of strength rally is 2050. Should this target hit, subsequent price targets are 3075, 4125 and even 5175 with aggressive counts based on causes from the multi-years accumulation built (based on Wyckoff's law: Causes vs Effects).
Ways to Get Exposure in the Potential Bull Run in Gold
The easiest way is to buy the Gold ETF $SPDR Gold ETF (GLD.US)$ or Gold Miners ETF $VanEck Gold Miners Equity ETF (GDX.US)$ . If you would like to beat the performance of the ETF, feel free to explore the Gold miner stocks such as $Newmont (NEM.US)$ , $First Majestic Silver (AG.US)$ , $Barrick Gold (GOLD.US)$ , $Agnico Eagle (AEM.US)$ , $Kirkland Lake Gold (KL.US)$ , $Royal Gold (RGLD.US)$ , $Kinross Gold (KGC.US)$ $Wheaton Precious Metals (WPM.US)$ , etc…
From now (Nov) till Feb is the most bullish season for Gold. You might want to start forming your trading strategy to suit your risk profile and personality such as passive swing trading to buy and hold for 3 months, find the low risk entry to ride multiple swings, day trade by leaning of the daily bias, investing or position trading with anticipation of the high price targets. As long as you are comfortable with the risk involved, you are good to go.
Safe trading.
Generally, Gold forms a bottom in November and starts to rally up in December all the way till February. Since this is an annual seasonality chart, it does not mean every year Gold will behave as per the chart above. Rather, it means that Gold tends to perform in this seasonal pattern based on averaging the data for the past 25 years.
Next, let's visualize the current context of Gold together with the performance of the identified bullish season (from Nov-Feb) in the monthly chart below:
Since Gold hit the peak at 1923 in 2011, it had a sharp selloff to 1100 and consolidated between 1050–1400 for 6 years (2013–2019). After that, Gold broke out from the accumulation range with a sign of strength rally and hit all time high closed to 2100 followed by a backup action to 1700.
This multi-years formation looks like a cup and handle and we can further divide into 3 trading ranges (boxed up in blue) and two trends (boxed up in pink). Obviously, from 2011 till now (2021) Gold is not in a clear trend.
Within these 10 years, I have highlighted the season from Nov-Feb (in orange) with the findings below:
- In the first range (distribution structure), the performance during the season is flat to negative.
- In the selloff (trend) and start of the second range, the performance is positive.
- In the second range, the performance is positive 6/6.
- During the uptrend, the performance is positive 2/2.
- In the last range, the performance is negative 1/1 while the current season is still unfolding.
Based on the above, the bullish season from Nov-Feb has worked very well in the past 10 years, especially when Gold is mainly in a sideway range and not trending. The only flat to negative performance is right after a buying climax and within the distribution range.
Is the current range a distribution or re-accumulation?
Let's focus on the price action and volume as shown in the weekly chart below.
After a buying climax formed in Aug 2020, Gold had a pullback in a down-sloping range. Supply has been decreasing (as reflected in the volume) from left to right, which is a sign of accumulation.
Last week, Gold just broke out from the downtrend line and the resistance at 1825 with increasing demand. In terms of Wyckoff phase analysis, this could be phase C pending a sign of strength rally as a confirmation, which could take Gold to the immediate resistance at 1960 or even all time before another reaction sets in.
Gold Price Targets based on Point & Figure Chart
The immediate target for the potential sign of strength rally is 2050. Should this target hit, subsequent price targets are 3075, 4125 and even 5175 with aggressive counts based on causes from the multi-years accumulation built (based on Wyckoff's law: Causes vs Effects).
Ways to Get Exposure in the Potential Bull Run in Gold
The easiest way is to buy the Gold ETF $SPDR Gold ETF (GLD.US)$ or Gold Miners ETF $VanEck Gold Miners Equity ETF (GDX.US)$ . If you would like to beat the performance of the ETF, feel free to explore the Gold miner stocks such as $Newmont (NEM.US)$ , $First Majestic Silver (AG.US)$ , $Barrick Gold (GOLD.US)$ , $Agnico Eagle (AEM.US)$ , $Kirkland Lake Gold (KL.US)$ , $Royal Gold (RGLD.US)$ , $Kinross Gold (KGC.US)$ $Wheaton Precious Metals (WPM.US)$ , etc…
From now (Nov) till Feb is the most bullish season for Gold. You might want to start forming your trading strategy to suit your risk profile and personality such as passive swing trading to buy and hold for 3 months, find the low risk entry to ride multiple swings, day trade by leaning of the daily bias, investing or position trading with anticipation of the high price targets. As long as you are comfortable with the risk involved, you are good to go.
Safe trading.
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$Boeing (BA.US)$ Every time Boeing falls, I buy more, the more it falls, the more I buy. From 270, I have been buying all the way down. After 9 months of decline, I finally realized that I should sell when it rebounds a little! This company is full of problems, both in the military and civilian sectors, and has no future!
Translated
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Technical DNA collects 10 most-traded bottom divergence tickers from stocks with market cap of more than $2B, aiming to help investors look for good investment opportunities. ![]()
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$Block (SQ.US)$ $Twitter (Delisted) (TWTR.US)$ $Oracle (ORCL.US)$ $Twilio (TWLO.US)$ $ViacomCBS (VIAC.US)$ $Caesars Entertainment (CZR.US)$ $Citrix Systems (CTXS.US)$ $Chegg (CHGG.US)$ $Shift4 Payments (FOUR.US)$ $Agnico Eagle (AEM.US)$
What is MACD divergence?![]()
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The 'MACD divergence' is a situation where the price creates higher tops and the MACD creates a raw of lower tops, or the price creates a lower bottom and the MACD creates higher bottoms. MACD divergence after a significant uptrend indicates that the buyers are losing power and MACD divergence after downtrend indicates the sellers losing power.
Therefore, the indicator 'MACD bottom divergence' aims to find stocks that are likely to go up in the future.![]()
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Tips: As shown in the pic, the indicator could be useful in short-term investment, so don't hold the stocks too long if you buy them on the indicator. Sell them in time when you make a profit!
Learn More: How to trade using MACD indicator?
$Block (SQ.US)$ $Twitter (Delisted) (TWTR.US)$ $Oracle (ORCL.US)$ $Twilio (TWLO.US)$ $ViacomCBS (VIAC.US)$ $Caesars Entertainment (CZR.US)$ $Citrix Systems (CTXS.US)$ $Chegg (CHGG.US)$ $Shift4 Payments (FOUR.US)$ $Agnico Eagle (AEM.US)$
What is MACD divergence?
The 'MACD divergence' is a situation where the price creates higher tops and the MACD creates a raw of lower tops, or the price creates a lower bottom and the MACD creates higher bottoms. MACD divergence after a significant uptrend indicates that the buyers are losing power and MACD divergence after downtrend indicates the sellers losing power.
Therefore, the indicator 'MACD bottom divergence' aims to find stocks that are likely to go up in the future.
Tips: As shown in the pic, the indicator could be useful in short-term investment, so don't hold the stocks too long if you buy them on the indicator. Sell them in time when you make a profit!
Learn More: How to trade using MACD indicator?
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Last week S&P 500 index (SPX) closed at an all-time high despite the stock market breadth continued to deteriorate, only 42% of stocks are above 200-day average.
Find out why the current market breadth is a red flag and the current market outlook below:
https://finance.yahoo.com/news/divergence-between-p-500-stock-094547403.html
Watch the video below for a detailed price volume analysis (the Wyckoff analysis) in S&P 500 $S&P 500 Index (.SPX.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ , Nasdaq $Nasdaq Composite Index (.IXIC.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ , Dow Jones $Dow Jones Industrial Average (.DJI.US)$ $E-mini Dow Futures(MAR5) (YMmain.US)$ , Russell 2000 $E-mini Russell 2000 Index Futures(MAR5) (RTYmain.US)$ and to anticipate the next directional bias. This video is extracted from my Weekly Live session on 12 Dec 2021.
Find out why the current market breadth is a red flag and the current market outlook below:
https://finance.yahoo.com/news/divergence-between-p-500-stock-094547403.html
Watch the video below for a detailed price volume analysis (the Wyckoff analysis) in S&P 500 $S&P 500 Index (.SPX.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ , Nasdaq $Nasdaq Composite Index (.IXIC.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ , Dow Jones $Dow Jones Industrial Average (.DJI.US)$ $E-mini Dow Futures(MAR5) (YMmain.US)$ , Russell 2000 $E-mini Russell 2000 Index Futures(MAR5) (RTYmain.US)$ and to anticipate the next directional bias. This video is extracted from my Weekly Live session on 12 Dec 2021.
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