I found copper to be especially interesting. Should it fail that trendline, it would commence a much more serious slip in prices.
As Bitcoin has crumbled from nearly $20,000 to about one-third that value, and continues to slip under its latest $7100 support. Other cryptos have done far worse.
FEEDWhat on Earth is going on with Tesla’s design department? As a point of reference, here is the Aztec, which for decades I considered the ugliest car ever to roll off an assembly line. The bizarre thing is that Tesla was knocking it out of the…
FEEDAnd here we are, as our Fibonacci Friend suggested. So the question now is whether Bitcoin actually finds stability at this key level, or if begins an entirely new journey lower. If it does, that target would be $3170.
Many years ago, when I was in high school, I made an odd goal for myself: that every moment of my life, when viewed in retrospect, would be an embarrassment to me. Hey, so far, so good! No, seriously. That’s what I told myself. The reason was…
As I had hoped, I am “4 for 4” on profitable days this week, in spite of all the insanity. On every one of those four days, I was showing a loss (sometimes a deep one), but my shorts healed themselves nicely.
In a feeble attempt to actually seem fair and balanced, I wanted to offer up a sincere long idea:
The past 48 hours have been some of the strangest trading in recent memory, as portrayed nicely here. I’m just sailing steadily, seeking new ideas and updating my stops. Here are five favorite short positions I wanted to share right now:
Up, down, up, down, and around and around we go. Absolute insanity, based on nothing but rumors, innuendo, and hearsay about a deal that will never happen and is absolutely meaningless.
As a follow-up to this morning’s Hong Kong Phase 1 post, there is now more market action, thanks to the U.S. Congress taking an extraordinarily rare, virtually unanimous, opportunity to voice its support for Hong Kong. First it was the Senate…