VLA [LONG] Covid CashNews looks positive for this company to produce a new vaccine for the UK, if proved safe would go global. A sound investment opportunity.
Can see it rising today.
Coronavirus (COVID-19)
AUD/CAD Short-Sighted Bull RallyLet's think about this. The Australian Dollar is considered a risk-on asset who has high trade tensions with its biggest trade partner. Risk-on Equities are falling, so why shouldn't the AUD fall too. Well, the market is short-sightedly buying over the good CPI numbers which are front-loaded. I expect to see the AUD fall more in line with other risk assets. Of course, this rally is partially due to CAD weakness as well (due to oil), but the CAD is a safer asset than the AUD. Remember I am not your financial advisor.
Stock to watch- Megaphone top or Inverse Head and Shoulders FPH Looking at buying more FPH but we need to wait for confirmation to see if this is an inverse head and shoulders or a megaphone top....
Bulls take Bitcoin to $17K by Valentine's Day!? ♥︎Bitcoin's long awaited bull run looks to be underway after months of remaining largely stagnant. Behind a mid-late October run, Bitcoin passed a crucial land mark to remain in Bull country. Anything could happen within the next week, but I remain optimistic for BTC and crypto's future as a whole during these uncertain times.
COVID-21 soon...I expect a new collapse after US elections (No Trump/No Biden results, BLM and other incidents) and new COVID pandemic in 2021.
Sell SPY now and more high price
Buy levels on the chart
Max profit 25%
Stop-loss if break RSI divergent
Take care of yourself !
AMERICAN AIRLINES video top-down AnalysisHello everyone, here is the top-down analysis for AAL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
End of 2020 predictionI feel first target is consolidation up towards 14k ish if bullish breakout its 20k easy otherwise we go down to channel bottom at 12k ish. Double top at 14k and monthly bear down to fib and/or wicks down to liquidate margin longs are possible, tons of fake outs and generally spastic price action.
At 14k im gonna put 30-40% of my portfolio at stop loss to take profit(from 8-9k investing range) and enter shorts to hedge against bearish price action with accumilation points at 11-10k, 9600, 9k, 6.5k(i am bull bias 80%), if we dont get triggered on our stoplosses and price only goes up, we continue to accumilate passive btc but with stop loss to convert to usdt at breakeven. Basically use btc purchase to gain interest instead of holding cash.
tldr below 20k its perma buy and hodl but good entries=more btc
pss personal strat post will update weekly/monthly with screenshots on how it plays out
Financials Tried to Break Out, But They Didn’t SucceedThe Select Sectors Financials ETF is closely associated with stimulus and a reopening of the U.S. economy. Now that those hopes are fading, it may present a downside opportunity.
The main thing jumping off XLF’s chart is the falling 200-day simple moving average (SMA). This has cut down like a knife since the pandemic began, quashing rallies in June and early September. Now in October, prices tried to break out but they didn’t succeed.
XLF has also traded in a relatively tight range recently, which we see in the compression of both Average True Range and Bollinger Band Width. If volatility increases, that range could widen with prices declining. Levels like the September low under $23 and the July low around $22.50 could be in play.
Overall, XLF is a pretty straightforward play on economic sentiment. Unlike technology and the Nasdaq-100, it has little benefit from coronavirus. Traders expecting more negativity and potential nervousness around the election may apply pressure if the situation worsens.
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Zoom Video Highlights Pullbacks Across Software SpaceZoom Video Communications has clearly benefited from the coronavirus pandemic, but it’s not alone. The crisis has also lifted several other software and cloud-based service companies. Many of them, including ZM, pulled back last week as sentiment swung toward the reopening trade. This week they could be worth a look as new daily infections shoot over 80,000 for the first time.
First, ZM has formed a high basing pattern above $500. This same level was roughly the top of a bullish triangle that it escaped on October 15, so we could be seeing old resistance turn into new support. The stock is also holding its 21-day exponential moving average (EMA). It’s not much of a pullback, but for a name with the kind of strength ZM has shown, it could still present an opportunity for trend followers.
There are others:
Twilio : The cloud-messaging stock has had some powerful earnings beats and guidance raises. It’s now pulled back following a breakout to new highs on October 2 and is trying to establish support above its old peak around $289.
Digital Turbine : The mobile-software stock has surged more than 600 percent since May. It’s now retraced about 23.6 percent of that move and is trying to hold the same $33 zone that was resistance a month ago.
EXP World : The provider of cloud-based real-estate software is retesting its 50-day simple moving average (SMA) after a 600 percent rally. It’s also near the $43 level that was resistance in August and September.
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Somebody tell Jerome Powell that the market is brokenThe US is in a crossroad. The FED has repeatedly insisted that fiscal stimulus is necessary for recovery but politics has taken center-stage. The Fed's balance sheet is now at a record high but investors aren't buying yet. Pelosi and Kudlow are still moving slowly to agreeing on a deal and that is having a negative effect of the equity markets. The US election is also having an impact as no one knows who might win this time round. To make matters worse, we can't trust the polls, courtesy of 2016.
In addition to this, the US is in the third wave of covid19 cases.
Therefore, from now to next week, I'll be only looking for selling opportunities. The S&P500 is currently holding on the February 2020 pivot High and it is unlikely it's going to bounce back.
Could crude oil go negative once more? If you trade crude oil futures, you definitely remember that time - not long ago - when price for oil futures went into negative territory. Well, I think you understand that we are facing a similar situation.
To make matters crazier, Libya started producing oil again. The country threw a spanner into the works as OPEC countries are trying to lower production to keep the price as it is. Russia and Saudi Arabia are in consensus that production should be lowered but Libya doesn't want to hear none of that.
This has boosted the prospects of continuing normality for Libya's - an OPEC member - oil production but raises questions about oil prices, which are already facing oversupply and anemic demand due to rising coronavirus cases globally and uncertainty ahead of a potentially deadlier winter.
"The immediate catalyst for lower prices appears to be market expectation that Libya's production is going to recover back to pre-civil war levels of more than 1m barrels per day in the next few weeks," wrote Edward Bell, senior director of market economics at Dubai-based bank Emirates NBD.
A relentless second wave of coronavirus cases across Europe and the U.S. has stopped oil demand recovery in its tracks, but the fresh prospect of increased supply is further raising the stakes for OPEC+, analysts at ANZ bank said.
Therefore, can we expect negative pricing as the Northern hemisphere heads into winter? Well, we'll have to wait and see. In the short-term, $36.6 is my target.
GBPCAD Ready for launch It's no secret that the CAD is going to be weak in the coming months. Why? The demand for the Canadian Dollar is linked to the demand for oil. As more countries face a surge in Covid19 cases, scrict lockdowns are in the books in order to slowdown the rise in cases. This implies lower demand for oil is going to fall as more people work from home.
I'll be looking out for EURCAD, USDCAD, CADJPY, CADCHF, & NOK pairs too.
DAX - Huge Head and ShouldersHello everyone, as you can see we have a very clear head and shoulders on the 4H and Daily chart. We have started the second wave of covid-19 and we expect a huge drop. Trade safe and good luck!
HUGE -- Oversold COVID-19 play; insiders buying at premiumI am in at $2.35.
- Oversold, RSI @ 21
- $9.5 USD financing just closed at $3.10 CDN with insiders/institutions buying ahead of COVID-19 treatment Phase 2 trial results
- Will need to maintain $4+ stock price to stay listed on NASDAQ
- Gaps above at 3.33 & 5.56
- Signs of bottoming out
- $25M in cash; with Cannabis asset sale (~$20M), the cash position will exceed market cap
- Due for COVID-19 treatment Phase 2 trial results within a week or two
VIX Approximations Update (Oct 26th-Dec 2nd 2020)S&P 500 Volatility Index (VIX) (October 26th through December 2nd 2020)
Just making an update to a previous VIX forecast that I see going outside my last expected ranges, I felt it necessary when checking on SPX trends, especially with yesterday's start to a drop in E-mini futures. See below for previous guesses:
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Descent in the DJI (October 26th-Nov 9th 2020)Dow Jones Industrial Average Index (DJIA) (October 26th through November 9th 2020)
Low: 27,843.7 points
High: 28,374.2 points
May have been way too ambitious with my last DJI projection, have now since adjusted for short term just to see where we are for my own learning purposes.
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Descent in the SPX (October 26th-November 9th 2020)S&P 500 Index (SPX) (October 26th through November 9th 2020)
Low: 3362.9 points
High: 3455 points
How E-mini futures market started off yesterday:
My previous SPX forecast:
My adjustments today are more to correct the trajectory and duration I was originally expecting. Will be interesting to see how this spooky week turns out. Time for temporary bloodbath just before halloween? ;)
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Softox promising consolidation above 50 SMALook for the stock punching through 200 SMA on good volume
DAX correction coming soonGiven the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks.
Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November.
The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June)
Good luck!
Poppin' Tags in $XRT?Multiple retail names posting blowout numbers. Budget retail like FIVE, NKE, HBI, and URBN could also still see upside momentum. Notice the rejection off the 2018 highs. Selling bullish verticals in case it's a slow grind
