Jo hh
voted
$SPDR S&P 500 ETF (SPY.US)$
I posted an article about the economic cycles a few months ago. Personally, as I mentioned in my comments, I believed that we were in the midst of a minor correction in one of the mini cycles within the larger economic cycle. Based on a small pool of votes, the consensus belief was that we were in an economic contraction.
After Jerome Powells' recent press conference and the recent rally in most S&P sectors of the mar...
I posted an article about the economic cycles a few months ago. Personally, as I mentioned in my comments, I believed that we were in the midst of a minor correction in one of the mini cycles within the larger economic cycle. Based on a small pool of votes, the consensus belief was that we were in an economic contraction.
After Jerome Powells' recent press conference and the recent rally in most S&P sectors of the mar...
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Jo hh
voted
$Crude Oil Futures(JAN5) (CLmain.US)$
Crude's price movements have been showing signs of bearishness the past several weeks. Check out the link below for more info on my bearish thesis.
Why Would Anybody Be Bearish on Oil Right Now
With all of the geopolitical conflicts taking place around the world it can be difficult to be bearish on oil. Personaly, I was bullish on crude even after the Major selloff that started off the month of October. But as m...
Crude's price movements have been showing signs of bearishness the past several weeks. Check out the link below for more info on my bearish thesis.
Why Would Anybody Be Bearish on Oil Right Now
With all of the geopolitical conflicts taking place around the world it can be difficult to be bearish on oil. Personaly, I was bullish on crude even after the Major selloff that started off the month of October. But as m...
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Jo hh
voted
Did you hear Bill Ackman covered his bond short?
Billionaire hedge fund manager Bill Ackman made a profit of about $200mn from his high-profile bet against US 30-year Treasury bonds, according to people familiar with the trade.
The founder of Pershing Square Capital Management said on social media on Monday that he had exited the short position he first announced in August.
“There is too much risk in the world to remain short...
Billionaire hedge fund manager Bill Ackman made a profit of about $200mn from his high-profile bet against US 30-year Treasury bonds, according to people familiar with the trade.
The founder of Pershing Square Capital Management said on social media on Monday that he had exited the short position he first announced in August.
“There is too much risk in the world to remain short...
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Jo hh
voted
$Alphabet-A (GOOGL.US)$
The market had a very negative reaction to Google's earnings report. After the strong sell-off following the recent earnings release, I think it is safe to say that GOOG's bearish divergence has received confirmation.
Lower Highs on MACD
What is bearish divergence? Bearish divergence occurs when the price action of a stock is making higher highs, while the indicators are making lower highs. Bearish divergence can indicate that the current uptrend is poss...
The market had a very negative reaction to Google's earnings report. After the strong sell-off following the recent earnings release, I think it is safe to say that GOOG's bearish divergence has received confirmation.
Lower Highs on MACD
What is bearish divergence? Bearish divergence occurs when the price action of a stock is making higher highs, while the indicators are making lower highs. Bearish divergence can indicate that the current uptrend is poss...
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Jo hh
voted
$SPDR S&P 500 ETF (SPY.US)$
Major Selling Last Week
Equity markets experienced some serious selling last week. S&P Futures fell over 3.5% in 3 days. There was a substantial amount of volume involved in the selling. I should say that the selling is very overheated in the very short term. A small rebound should be expected soon to cool off the meltdown down.
The high relative volume leads me to believe that the selling has some validity and is not just a contr...
Major Selling Last Week
Equity markets experienced some serious selling last week. S&P Futures fell over 3.5% in 3 days. There was a substantial amount of volume involved in the selling. I should say that the selling is very overheated in the very short term. A small rebound should be expected soon to cool off the meltdown down.
The high relative volume leads me to believe that the selling has some validity and is not just a contr...
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Jo hh
voted
$Tesla (TSLA.US)$
Here is an excerpt from my previous post. The price of TSLA has since dropped but the lower support levels you can see in the chart are still valid. The fibonacci support levels are the stronger levels to watch with the higher probability of a rebound, in my opinion. Here is a link to my previous post.
Fibonacci Support/Resistance
In the chart directly below, I have highlighted the major support levels and the fibinacci levels that of...
Here is an excerpt from my previous post. The price of TSLA has since dropped but the lower support levels you can see in the chart are still valid. The fibonacci support levels are the stronger levels to watch with the higher probability of a rebound, in my opinion. Here is a link to my previous post.
Fibonacci Support/Resistance
In the chart directly below, I have highlighted the major support levels and the fibinacci levels that of...
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Jo hh
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Jo hh
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Today, the stock market had a rough start. The U.S. government decided to limit the sale of specific computer chips to China, which negatively impacted the company $NVIDIA (NVDA.US)$ . As a result, its stock price dropped sharply. Meanwhile, another group of stocks, represented by the Russell 2000, had an up-and-down day. They started low, rose significantly, but then ended the day with just a little gain. This kind of unpredictable movement in stock prices can be cha...
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Jo hh
voted
This week’s economic calendar may not be as packed with data, but it will feature a 20-year Treasury auction and a Q&A session with Jay Powell at the Economic Club of New York, just before the Federal Reserve’s blackout period begins on October 19th.
Market indicators suggest that the rate hike probability in November is quite low, at less than 10%, while the odds for a December rate hike are less than 40%. Given these numbers, making a public statement heading into the November...
Market indicators suggest that the rate hike probability in November is quite low, at less than 10%, while the odds for a December rate hike are less than 40%. Given these numbers, making a public statement heading into the November...
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Jo hh
voted
$Tesla (TSLA.US)$
The price action for TSLA has been appearing more and more bearish over the past several months. The bearishness started a few days before Tesla's last earnings call, where Elon Musk himself said that the end of the year was going to be rough for the company. He also said that if there was a dip, then he would buy the dip.
Was this an omen straight from the mouth of the founder and CEO of Tesla? With that being said, and with Tesla's earnings rig...
The price action for TSLA has been appearing more and more bearish over the past several months. The bearishness started a few days before Tesla's last earnings call, where Elon Musk himself said that the end of the year was going to be rough for the company. He also said that if there was a dip, then he would buy the dip.
Was this an omen straight from the mouth of the founder and CEO of Tesla? With that being said, and with Tesla's earnings rig...
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