Madness
INSPIRED BY THE GODS PATH AND KALEOBased on old chart patterns and with the conviction the longer the base the bigger the breakout heres my idea for $EDPR
YOLO! THE CASINO IS OPEN.You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business.
GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever.
Billions were lost by short sellers, and they then turned long joining a load of other late comers. Price when to 'the moon' and may reach MARS next stop - some say. 🤦♂️
There is nothing of fundamental value matching GME's share price. Market value has hit $10 Billion for what? Nothing. Robinshoods were quite open about it that they just got onboard, driven by FOMO and YOLO.
There is much to be learned in this one. How? Because similar forces are driving the DJI and Tech indices in America. DJI current value exceeds true value by about 20 times.
All of this madness was played out in the Dotcom bubble years ago. We know how it ends. We don't know when it ends. The beginning of the end, is right now.
This is absolutely not a recommendation to invest in this stock.
There is good educational value in watching this stock. New traders would benefit from having a shot, only on Tradingview's paper trading account.
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately.
One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO).
On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
FOMC Madness: volatility risesPowell rocked the markets yesterday:
“Let me be clear: What I said was it’s not the beginning of a long series of rate cuts. I didn’t say it’s just one or anything like that. When you think about rate-cutting cycles, they go on for a long time and the committee’s not seeing that. Not seeing us in that place. You would do that if you saw real economic weakness and you thought that the federal funds rate needed to be cut a lot. That’s not what we’re seeing.”
But is a 25 basis point cut meaningful in the long run? Markets wanted further easing from the Fed yesterday. Bond traders aren’t as confident a “mid-cycle adjustment” in rates will be enough to keep the economy afloat.
Volatility:
We saw a -2SD plunge in response. Volatility is back. Hopefully it continues higher from here and lasts at least a few days.
VIX reached 16 handle. This ain't over boys. (Normalizing back to the decade average at 17% is still almost 3 weeks late at this point. ) The great thing about trading options strategies is we can hedge this market madness.
USD/DXY:
This morning has the dollar higher and has got everyone talking. You'd think lower rates are bad for the USD. With more rate cuts on the way, it seems like an unexpected USD move. Perhaps markets priced in too many cuts and are now backtracking.
Gold:
This alternative asset class hasn't been immune to the vol. A big move in /GC overnight down 2%. Gold bugs coming back in recent hours.
Bonds: Treasury yields took another plunge today.
The bond yield curve is inverted at the 10y-3mo spread.
The 2- to 10-year spread, one of the most closely watched indicators of impending recessions, shrank to the narrowest since March. It is not inverted at the moment, but it ain't bullish when it finally does.
Other data:
Weekly jobless claims higher than expected 215k vs 214k expected
This month, the regional surveys point to further weakening in U.S. manufacturing.
US July ISM manufacturing index 51.2 vs 52.0 expected.
Black swans still lurking everywhere;
Chinese forces building on the HK border.
North Korea says it tested crucial new rocket launch system and fired missiles for second time in a week.
We continue to watch for opportunities in volatility selling on the main indexes.
Market slaughter housesIn this screencast and links below I expose what's going on in market manipulations.
In essence large organisations - who shall remain nameless - are busy buying back their own stock in an attempt to stabilise Wall Street and other markets. This is likely to give small investors a sense of security that they should buy stock. Price - to the minds of the big boys - is likely to move north as the small fish come in. Then the big boys sell off!! Oh sure - this is a gamble by the big boys. How big? Nobody really knows for sure. Estimates are in the region of Trillions of US dollars.
Yes the big boys have a secret 'war chest' with which to fight the markets. And the 'big' manipulate money out of the pockets of the poor. This is Corporate America - innit?
References:
1. Corporate buybacks keeping the markets afloat (at this time).
2. Why would a company buy back its own shares?
eBoost (EBST) : 4500% Potential Profit, Possibly more..So..
There's always the lunatic in the bunch..
And this, I believe is it..
I don't know when it might happen, I suspect soon(ish), but I'm pretty certain that at some point, hopefully in the near future this coin will repeat its madness and do another 45x in one day..
Now please.. You should by now know that I don't care much for hardforks or spinach or gumdrops of any kind..
I analyze the charts and that's it..
Period..
If it's not for you..
Don't read it..
It's that simple..
