LTC | ALTCOINS | BIG Gainer OR Sinking Ship?LTC has been on my watchlist for many, many months - much to my annoyance.
Compared to other altcoins such as DOGE, LTC is just not growing, and hasn't been for the better part of two years as it is unable to breakout above $110.
This we see evidently when we pull up the DOGE chart in comparison, and the BTC chart to really get an idea of just how bullish we are - a sentiment that is just not showing p on the LTC chart.
WHEN the TOTAL3 peaks out above BTC , altcoins would have completed their runs. (More on that subject here):
We're still some time away from this; meaning that there is still hope for LTC. However, IF LTC can't move PAST these resistance zones I'd have to just face the facts and put it in the same boat as XRP and ADA.
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BINANCE:LTCUSDT BINANCE:LTCBTC
Growth
Market Crash. It will happen again!! Be ready..There are not only similarities. Many factors are the same even worse. It will crash !!
Today, let’s look back at how everything in 2007 was sunny until it wasn’t, and we will compare that data with today’s.
The current market situation, as reflected in the Fed's rhetoric and actions—general narrative, interest rates, inflation, unemployment, etc.—is very similar to the state that preceded past crises.
Yes, history is not a guarantee that the future will be the same, but it is a guide that should not be ignored. It’s good to take at least the main lessons from it because listening to the general sentiment and talking heads on TV often doesn’t pay off. Those who now lament that the Fed is unnecessarily and excessively lowering rates will shout the loudest in six months for the Fed to continue lowering them. Ignoring the past is like voting for Kamala Harris and expecting change and development. Sorry, white braindead dudes…
So, let’s get to the main message of today’s article: We will take a very detailed look at 2007 and how it all unfolded step by step. First, we’ll analyze 2007, and then compare it with 2024. After that, we’ll look at the financial “health” of the average US consumer and American companies.
Let’s go!!
CHAPTER 1: THE YEAR 2007
The first rate cut was at the September FOMC meeting on 18.9.2007 by 50bps to 4.75%. The market was shocked by this Fed decision because it expected a cut of only 25bps, and articles began appearing everywhere that the Fed was ahead of itself and would cause inflation and another endless stock market rise. The Fed succumbed to market pressure! Below is an excerpt from The NY Times article:
The S&P500, DJI, and all other major indexes immediately surged to new all-time highs.
Yay, bullbrun!!! Helicopter money, the Fed has given up. Sell your car and buy stocks, everyone!
Meanwhile, unemployment at this time remained around 4.7% and was relatively stable.
The next rate cut came at the November meeting by 25 basis points (bps) and another 25 bps at the December meeting. “Let’s enjoy Christmas in peace, there’s nothing to worry about, we’re lowering rates for a soft landing. Like lying down in a bed with Egyptian cotton sheets.”
But then the new year arrives, and it seems Wall Street spent all its money on gifts because a week before the planned January FOMC meeting, an EMERGENCY MEETING is held, and the Fed cuts rates by 75 bps. A week later, at the planned FOMC meeting on January 30, 2008, another 50 bps cut brings rates down to 3%. In March, another 75 bps cut follows, and in April, another 25 bps, bringing the total to 2%.
Then comes a long pause until early October, when the Fed holds another EMERGENCY MEETING and cuts rates by 50 bps. Immediately at the next planned FOMC meeting two weeks later, it cuts again by 50 bps to a final 1% interest rate.
Here it is an Excel chart for better clarity !!
Here is a complete overview of the rate cuts during this period:
Let’s forget about the Fed Funds for a moment and look at what the yield curve (US02Y YIELD) on 2-year bonds was doing.
Since the first rate cut in September 2007, it went down and then dropped another 82% over the next 12 months!
What were MONEY SUPPLY and INFLATION doing during this period?
Both money supply and inflation were rising. M2SL increased from $7.4 trillion to $8.2 trillion, and inflation rose from about 2.8% to 5.4%. However, this range in inflation has been completely normal since 1982, as we have been moving within this range. Although inflation had a momentary rise, it was nothing out of the ordinary and then experienced an absolute washout.
It’s crucial to keep asking the key question: What was the narrative at that time? What was the “general” opinion and sentiment? It was: The Fed gave in, the bull run continues, inflation is up, the market is saved, and the Fed is overdoing it, buddy, unnecessarily.
What about the long pause between April and October when rates were flat?
It was half a year of stabilization, waiting to see what would happen. They were worried that they had cut rates so aggressively that they were ahead of the market and now had to wait for the market to calm down. Read: every pundit in the news claimed the Fed had overdone it and was unnecessarily aggressive.
So, when did the total meltdown in the stock market begin?
During the pause in interest rates between April and October 2008, the market was relatively stable and only lost about 15% of its value. It was only after this period that the real crisis hit, and the DJI lost another 41% of its value over the next six months – see chart below.
Let’s put everything together for the year 2007:
Comparison of US02Y Yield, DJI, Unemployment, and Interest Rates:
US02Y Yield: The yield on 2-year bonds dropped significantly, falling by 82% over the next 12 months after the first rate cut in September 2007.
DJI (Dow Jones Industrial Average): The market initially surged to new all-time highs but later experienced a significant downturn.
Unemployment : Remained relatively stable at around 4.7% during this period.
Interest Rates: The Fed cut rates multiple times, starting with a 50 bps cut in September 2007, followed by several more cuts, eventually bringing the rate down to 1% by the end of the period.
Alright, let’s take a look at what GOLD and the VIX were doing at that time. Gold kept hitting new all-time highs, while the VIX was lying in bed with a cold until October 2008. In short, it took about 13 months from the first-rate cut for the VIX to show any significant upward movement, which then triggered the final cascade of the entire market.
From the first rate cut in September 2007 to March 2008, gold increased by 38%, while the VIX remained dormant. The VIX only started to spike in October 2008 after the Fed had kept rates flat for six months, leading to the real and juicy market meltdown.
Alright, enough history, let’s move on to the current state.
Chapter 2: The Year 2024
Now, let’s shift to the present and look at what the same charts, narratives, and everything else tell us today. We’ll start with the Fed. We’ll always start with the Fed because it’s our bestseller.
Surprise, surprise, the Fed cut rates on September 18, 2024, exactly like in 2007, by 50 basis points to 4.75%1. The talking heads are just as shocked and fascinated by this event as they were in 2007.
For the upcoming meetings, the expectation is a 25 bps cut in November and another 25 bps cut in December. Any resemblance to 2007 is purely coincidental…
What about the indexes?
Well, we’re hitting new endless records, champagne is flowing, and we’re using rolled-up newspapers for coke because banknotes are too small. In LalaLand, the DJI reaches 43,100 USD and the S&P500 hits 5,900 USD. The crowds are going wild…
The current sentiment, according to “experts,” is:
According to a survey, only 8% of respondents expect something like a hard landing. Yuck, who would want a hard landing? 76% expect a soft landing, and the rest prefer not to expect anything at all.
Notice how the probability of a HARD LANDING has been decreasing throughout the year. This reflects the general sentiment because if a crisis were to happen, it would have come long ago.
What about UNEMPLOYMENT?
It remains stable at around 4.1%, but due to statistical errors from the statistical office, we will have to wait about 12 months for the actual values.
What about the MONEY SUPPLY and INFLATION charts?
The money supply is increasing, and inflation is back in its “comfort zone” of around 2-5%.
Let’s put everything together for the year 2024:
Comparison of US02Y Yield, DJI, Unemployment, and Interest Rates:
Interest Rates: Decreased from 4.75% to 4.25% (a reduction of 50 basis points).
Unemployment: Increased from approximately 3.4% to 4.4%.
US02Y Yield: Dropped from 5.2% to 3.5%.
Dow Jones Index: Continues to hit new all-time highs every day.
And what about the GOLD and VIX charts?
Gold has risen by about 9% since the first rate cut, reaching new all-time highs (ATHs), while the VIX is still “sleeping” and pretending not to notice.
That’s all well and good, but what does it all mean?!
YEAR 2007 vs 2024
It means that if we look closely and with the benefit of hindsight at 2007, the current situation is not just similar to before, it is EXACTLY the same. I don’t believe that history will repeat itself step by step and down to the last detail as before, but this comparison is meant to show you that most events can be seen in the data in advance. However, it’s hard to find this information through the disinformation deluge we call MAINSTREAM MEDIA.
Macro charts, which most smart money follows and which have historically proven to be very accurate, show the same sequence of events as in 2007-2008. Additionally, China is already experiencing a similar real estate crisis as in 2008 (their words, not mine) and they think they can cover a 20 trillion loss with a 500 billion package. That will require a lot of prayers and incense sticks…
CHAPTER 3: STRONG ECONOMY AND INDOMITABLE CONSUMER
Powel, Yellen and all politics still speaking about a strong economy, I don’t know if they are intentionally lying or they are stupid. but here is retail data. How is the average American citizen doing, who barely finished high school, sleeps with a machine gun under their pillow, doesn’t have a passport, and thinks Africa is just below England?
Average Americans are starting to drown in debt, and the chance of defaulting on the minimum debt in the next 3 months is increasing to about 14%.
Auto loan defaults 90 days past due are now at 2.9%. Highest in 14 years.
let’s look at ALL loan defaults together:
We are in a very, very similar situation to 2007. There is no extreme yet, but notice how everything is starting to prepare for expansion. I don’t give it much weight as long as we’re below about 2, but I definitely wouldn’t support this chart because it’s another piece of our MACRO puzzle.
What about the labour market?
The labour market in the USA has fallen to 34.2 hours in terms of average hours worked per week. This is the lowest in 14 years. It is a continuous decline, with the labour market weakening for 8 months in a row, starting with the slow reduction of full-time jobs to part-time jobs and continuing with the gradual reduction of the workforce.
Moreover, most large companies plan to lay off more employees at the beginning of the new year, which will result in hundreds of thousands of people losing their jobs. Last month, the number of part-time jobs was at 28.16 million. The third highest number in history and 400,000 more than in 2008.
Additionally, household investment in the stock market is at an absolute maximum, with the average Joe having over 48% of their assets in stocks. Double the value of the last 15 years.
Well, everyone has some stocks, what’s wrong with that?
There’s nothing wrong with investing in stocks, quite the opposite. Anyone with a bit of extra money should have a portion of their assets in quality stocks. However, it’s always important to keep in mind what the smart money is doing.
CEOs, owners, and large investors are selling their stocks, and so-called “corporate insiders” are buying stocks at the slowest pace in the last 13 years
The problems that crush the middle class are of course also connected to the real estate market housing affordability is currently the worst since 1985 and we are below 2008 levels! That’s not even talking about how many properties are now for sale in the US below pre-Covid values.
What about companies? How do entrepreneurs succeed and why does it all take so long?
First, we have the US election in about 3 weeks, and Japan’s Powell (samurai sake kimono, or something) has confirmed that the BOJ will not raise rates until after the US election.
Moreover, the buyback in stocks has never been as brutal as this year 2024 – see chart below.
Come on, it’s cool, isn’t it? When a snake starts eating itself, maybe it’s a long enough snake. The problem is that the SPX index consists of 7 strong companies. The remaining 493 companies report yet another quarter when they have a 0% increase in earnings.493 companies do not even meet the reduced expectations for 2024.
But Magnificent 7 and AI Narrative will take it all by themselves. We’re already looking forward to having a robot make us a drink and getting into Elon’s autonomous taxi… which will actually be driven by a remote-controlled Indian from somewhere in the basement of Marrakesh.
The Russell index is not much better, with so-called “zombie companies” reporting negative earnings reaching over 43% of the index.
Buffet is not buying properly for the past 3 years and he is sitting on the historically biggest cash positions. He is waiting for the opportunity, which can come soon or next year. This is macro and it has a much longer timing.
This week NFPs are coming with bad data and corrections are even worse. Most of the new jobs are created in the government sector.
Oh and banks are holding in the biggest unrealized losses in the past two decades
Also, we just passed 36 Trillion in debt, they added 1 Trillion in just 4 months.
It's a mix for the mother of all crashes, when it will happen. I don't know macro top timing is difficult as you can see Kyosaki, Schiff, Burry and many more have been calling for the crash for years, eventually one day it will happen. Growing unemployment + fed rapid rate cuts are the last pieces to the puzzle.
Once FED starts rapid cutting it will be the time.
What to do?
Definitely don’t be leveraged in any position. Be solvent and make sure you have a stable income. Have cash to use on this lifetime buy opportunity and buy some great assets when the interest rate hits 0% it could be the bottom of the crash. Will Bitcoin protect you? I don’t know, Bitcoin was not through such a crisis yet. But Im holding since I bought it down here
Of course as usual this is not financial advice just my opinion. Do your own research.
Be ready, to buy the bottom, this will be epic!
Dave Hunter
BabayDoge VS Floki | ALTCOINS | WHICH can MOON ?Comparing B abydoge to Floki in this analysis.
Both are memecoins , and both have digits for days.
However, the one is evidently a pump-and-dump coin that showed no growth so far, whilst the other looks a little more promising ( for a memecoin at least ).
I'd still prefer DOGE and SHIB, but there are interesting trading opportunities in these two alts. First after a retracement, BabyDoge is likely to be the next one to make large increases since Floki is already trading close to its previous ATH.
More on DOGE VS SHIB here :
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MEXC:BABYDOGEUSDT BINANCE:FLOKIUSDT
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
NASDAQ:LULU
So good SOWG a trailblazer in the freeze-dried candy and treat industry, will hold a conference call on Thursday, November 14, 2024, at 10:00 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2024. The Company will provide its financial results in a press release prior to the conference call. Set up here looks good after retest. Revenue estimates are lower this quarter than previous, see what happens tm. Annual revenues are excepted to 3x in 2025. Low volatility for now.
$NAK Trump tweeted about itThe win story is American mining jurisdiction which is world class "Alaska" Pebble Project that's one of the World's largest undeveloped resources of copper, gold, molybdenum, silver, and rhenium. Trump tweeted about the company and making America great again. This will be through the development of Natural resources and their companies.
Opportunity? A fall in the USD dominance is coming. BRICs can potentially challenge the USD. Money being linked back to a hard asset appears on deck whether it be BTC/Gold/Silver. This bodes well for all North American jurisdiction gold and silver resource companies. Strikepoint has huge potential in massive Walker Lane, Nevada property with an interesting private partner located at the center. As well as two high grade assets in the legendary Golden Triangle.
Celsius Holdings | CELH | Long at $30.00Celcius Holdings NASDAQ:CELH suffered quite a drop over the last 5 months, but it was highly overvalued. While I still view it as fairly overvalued with a P/E of 28x, it's reporting itself as a healthy company, almost no debt, with a bright growth future. Going into earnings, it could have a nice run, but I am staying highly cautious.
From a technical analysis perspective, it fell through my selected long-term simple moving average (white line) and may have a nice bounce from here off the next major support level (blue lines) into earnings. If it does, I expect resistance near $40. Thus, at $30.00, NASDAQ:CELH is in a personal buy zone.
Target #1 = $39.50
Target #2 = $43.00
Target #3 = $47.00
Target #4 = $72.00 (long-term view if no recession...)
XBI: Sellers Finally Taking A Chill PillHey, guys. Appreciate everyone tuning in! Wanted to take the opportunity to review AMEX:XBI . I certainly have a disappointing relationship with this one from past attempts to carry the ETF in my portfolio. Now, I tempt fate again. P.S. hope you don't mind the quick sojourn chat about COINBASE:BTCUSD and the strong weekend move there.
I believe there is certainly a short term play higher in XBI. But I also believe it can lead to a really explosive longer term move as well. I suppose, as always, only time will tell. Hope it was helpful to point out this set up at any rate.
Hope you enjoyed the review, and best of luck out there!
Watch Movement Post Earnings. Strong bull for this stock as not only small caps have strength, but this company is rolling out there testosterone therapy and also has a cheap price tag.
My targets are listed on the right hand side in bright pink.
BUT, big but, if we lose this support there is nothing holding this thing up for a while until we reach previous support lines. I might be looking for a liquidity grab to the down side right after earnings and will watch for reversals. Manage risk please
High potential over the coming yearsPositioned to disrupt the medicinal industry with its wide range of products and significant stakes in other biotech companies like Compass. ATAI possess ample funds to quickly become a leader in a market that has not yet fully emerged. High Volatility I wouldn't be surprised to see the stock reach $20 next year, analysts predict $11.
Weekly RSI looks great and primed to run showing strength above 50 with key MA overhead
The daily is getting a little hot pullbacks will offer great opportunities.
Fideum: growth is in the cardsThe analysis of Fideum TA indicates several challenges due to its limited history and low capitalization. This asset is similar to other cryptocurrencies such as CRO, Swissborg, and Swipe, which currently look more weak compared to the general market. It features a small team and sparse news updates, with no new exchange listings and a relatively basic website. Despite these concerns, the asset is hosted on the Ethereum network, which is showing strong signs of growth. Potential new exchange listings could rapidly increase growth.
The team appears genuine, focusing on app and technology updates since its inception less than a year ago. Technically, the asset follows Fibonacci retracement levels and shows some confluence, suggesting potential support and resistance zones. The money flow index is increasing, and both momentum and Relative Strength Index (Stoch & RSI) are trending upward without divergences on the 4-hour chart.
Critical levels to watch short term include maintaining above 6150 to reach initial targets of 8388, 9787, and eventually 11317, contingent on continuous positive performance from major cryptocurrencies like Bitcoin and Ethereum. However, the analysis remains fragile due to the low trading volume.
Need a lift to the $30 mark? LYFT is here for you!Lyft is gaining bullish momentum, with the potential to fill the bearish gap at the $30.00 level. The stock has shown resilience at the $12.75 support level, and a decisive break could trigger a sustained upward movement. The technical setup suggests a strong buying opportunity as it approaches key support levels, creating a favorable 5.4 risk-reward ratio for traders looking to capitalize on the next breakout.
From a long-term perspective, Lyft also presents a compelling investment opportunity. As the second-largest player in the U.S. ride-hailing market, Lyft continues to benefit from a growing gig economy and rising demand for mobility services. The company’s ongoing focus on improving profitability, optimizing operational costs, and expanding into new revenue streams, such as its growing bike and scooter business, positions it well for sustainable growth.
Additionally, with competitors like Uber focusing on a diversified portfolio, Lyft’s leaner, ride-sharing-centric business model allows it to concentrate on enhancing user experience and driver incentives. In an environment of increasing urban mobility and transportation demand, Lyft’s streamlined approach and its digital-first strategy could lead to market share gains and increased investor confidence.
As it targets higher valuations, Lyft’s improving fundamentals and potential gap fill at $30.00 make it an attractive buy for both momentum traders and long-term investors.
NASDAQ:LYFT
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors.
In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value.
With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value.
NYSE:UA
Bitcoin to 100k this year?Hey guyys!
So Trump won the election and we have new BTC ATH!
And I think we all wondering where we can go now?
Let's check the chart and daily we have bullish MA cross, huge volume on this election day.
But, another day volume is not pretty nice and looks like more manipulative movement.
So I think if we will stay long at the ATH level without moving up with descending volumes, we could potentially see some correction.
If we stay above 69k, most likely after this short correction we can go up, if we're not holding this level we can go to 59-63k level.
Cause real rally for me, will happen in 2025.
What's your ideas, guys? Let's discuss in the comments? Are we going to 100k this year or only in 2025?
Lyft | LYFT | Long at $9.75First, from a technical analysis perspective, NASDAQ:LYFT has not "officially" found a bottom yet. No one can confidently state it has - their guess is as good as yours. This analysis is full of caution simply around the fact this stock could absolutely dip to below $5.00 in the future.
With that said, NASDAQ:LYFT is currently the #3 travel app in the Apple store (#1 is Uber, #2 is Airbnb). It has a 4.9 (Apple) and 4.7 (Google) star rating and tens of millions of downloads. Car prices, insurance rates, parking fees, gas/electric rates, etc. are pushing more people into the rideshare environment. With a recession knocking on the US's door, the fee-for-service model will make more sense than actually owning for many. But, a recession is a recession and the market hates them... Lyft is currently the only true competitor to Uber and its earnings are likely to grow as the travel environment "modernizes" in the future.
At $9.75, the stock closed all previous lower gaps on the daily chart. Currently, open price gaps (which are often good predictors of future price movement) are all above its current price. A bottom *may* be in, but see intro... I view the current price as a personal buy zone with room for additional shares if the price dips to near $5 (and fundamentals don't change).
A high-growth potential stock in an ever-changing travel environment.
Target #1 = $15.00
Target #2 = $22.00
Target #3 = $30.00
Target #4 = $75.00+ (long-term view...)
ACC Ltd (NSE: ACC) Weekly Chart Analysis🔹 Channel Support and Resistance
The stock has been moving within an ascending channel since early 2022, creating a structured uptrend. Currently, it’s trading near the channel’s lower boundary, around ₹2,357. This zone has historically acted as a key support level, making it an area to watch closely for potential buying interest.
🔹 Descending Wedge Breakout
Recently, ACC broke out of a descending wedge pattern, a generally bullish formation, which suggests the potential for an upward move. The breakout is still in its early stages, so continued momentum will be critical in confirming the trend reversal.
🔹 Price Targets
First Resistance: ₹2,592.75 – If momentum sustains, this level aligns with a prior high and could act as a short-term target.
Channel Resistance: If the stock gains further strength, the upper boundary of the channel could offer the next significant resistance level.
🔹 Cement Industry Tailwinds
According to brokerages, Indian cement firms, including ACC, have seen successful price hikes in September, and there are plans for further hikes in October. This is generally positive for margins, adding fundamental support to the current technical picture.
🔹 RSI
The Relative Strength Index (RSI) shows an oversold condition that’s starting to turn upwards, suggesting possible accumulation at these levels.
📈 Conclusion: Watch for sustained support around ₹2,357 and an upward move towards ₹2,592. A close above ₹2,592 could indicate renewed bullish strength, especially with ongoing industry tailwinds from price hikes.