by adayofjoy tl;dr Do the inverse of everything this analyst says. Now’s probably the time to buy oil. So this guy has been almost consistently wrong telling everyone to buy oil in the past 3 months, and only last week …
by BattletoadRash From a TA perspective this should be a pivotal week, as we are now approaching 3 separate levels of resistance: In our initial downturn, we hit the 2860 level as a low on 02/28 where it acted as …
by BlueTreeCloud The S&P 500 is showing signs of stalling as expected at the beginning of our flagged resistance/objective, seen stating at 2855 and stretching up to 2934 – the 61.8% retracement of the Q1 collapse. Although the market fell …
by cashforstonkers With Tesla moving back towards its ATH, I thought I would provide my perspective on the supreme-meme stock. Before the Tesla cultists jump on me and spam ban requests for my account, I want to give a bit …
Money manager and economist Michael Pento predicts a “tsunami of inflation” is coming in the not-too-distant future. Pento says, “People are losing faith in fiat currencies. The price of gold in other currencies is already at all-time record highs. Even …
by JJ_Shiro I’ve collected this over the past few weeks. Thought I would share considering the controversy about current market valuations. Mortgages (04/17) 2.9 million US home loans are in forbearance (payments delayed without penalties). This equates to 5.5% of all active …
by gobigorange86 This week’s SPY fund flows, though, are quite interesting – and perhaps? suggest the bull gang momentum is waning. I’m not saying gung ho the drop cometh, but interesting stat to chew on. Weekly SPY FUND FLOWS since …
By Haley Zaremba The global oil industry has been scrambling for a solution to the dramatic oil price crash and enduring global crude glut from last month. As the novel coronavirus swept the globe over the past few months, shutting …
by Toothlesskinch Tl;dr – The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. It’s the weekend so I’m …
by TessTickols My attempt at analysing the SPY chart after last week (AKA Crayon drawings): https://www.tradingview.com/chart/SPY/MLMq5QLn-Bear-market-rally-finally-reversing/ The rally from the lows (likely initiated by massive shorts covering) has been gaining momentum for a while. This last week it has been …
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by The50centTourist So many people are itching to get back to work because they think this means getting back to “normal”. They want goods and services to flow again, they want paychecks, and they want to resume activities. I get …
by Dana Lyons This furious stock rally has recently been accompanied by signs of historically poor participation. When judging the quality and potential sustainability of a risk-on rally, we like to see participation by a broad number of stocks in the …
by Chris Kimble The market action of late reminds me of what I experienced in 1987. If we are repeating the 87 stock market crash, it could be bullish, as the lows could be in play already. In today’s 2-pack, I …
by Kylome1 Historic SPY numbers show that if the market begins declining next week, or possibly the following Monday, it will match both the Dot-com crash and the Great Recession quite well. A peak to trough of 24 trading days vs and …
by Dc1993x Sorry bears, but unless something devastating happens between now and Monday… nothing will move the market downward. Here’s why: People are convinced that the worst is over… many believe that everything will soon return to “normal”. While this …
https://twitter.com/hks55/status/1251249534728056832 Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200: Bloomberg https://t.co/Y7im6qQmLm — Win Smart, CFA (@WinfieldSmart) April 17, 2020 https://twitter.com/edwardnh/status/1251197963227070464 https://twitter.com/NorthmanTrader/status/1251109157958225920 🔰Conference Board Leading Economic Index Sees Largest Decline in Its History🔴🔴🔴 #recession #depression pic.twitter.com/24ZY5GCYLr — Antonio …
by ilikepancakez Analyst report from Nigel Stevenson at GMT Research, a Hong Kong based accounting research firm: https://www.gmtresearch.com/en/research/luckin-coffee-more-questions-than-answers/ Summary / Highlights I found relevant : Even if the alleged fraud was the work of a small group of individuals, it is …
by 4d39faaf-80c4-43b5 Aggregate Funds Available – A Federal Reserve Bank will lend up to $600 billion to a Special Purpose Vehicle (SPV), which will in turn purchase participations in either new loans under the Main Street New Loan Facility (MSNLF) …
by kafkagoeswest Call me a conspiracy theorist, but I knew the announcement would come today about the plan to open, but the interesting thing is the Gilead leak being promoted by the media as a massive element of this AH …
WTI under $20 a barrel is big story. But to see the JKM LNG benchmark barely above $2 per million British thermal unit is even bigger. And it appears that more pain is around the corner | #LNG And please, …
Who‘s big / well connected enough to be bailed out should be the starting point of every equity valuation in the forseeable future… pic.twitter.com/nwO6UNlxer — David Schrottenbaum (@David_Schro) April 16, 2020 S&P500 now more concentrated in the 5 largest stocks …
By Wolf Richter for WOLF STREET. The “combined COVID-19 and oil shock” are going to do a number on the U.S. housing market, Fannie Mae warned in its monthly report on Wednesday. Actual data for homes sold after the lockdowns began will not be available …
by ksixi I’m more bullish than probably 80% of folks on this site, but this trial data is useless. First of all, 125 patients is a tiny sample size. Second of all, 2 patients died, which is a 1.6% fatality …
Chris Vermeulen of The Technical Traders interviewed by Half Dollar of Silver Doctors Silver and the junior miners may not be the hottest sector around right now, but they will be once the stock market reaches its bottom. When will that be, and what can …
by The Phoenix The rally is now in serious trouble. Stocks staged a sharp bounce after the early to mid -arch meltdown. However, they’re running into trouble at the 50% retracement level (2,790 on the S&P 500). This is bad news. …
"Reopen the economy" doesn't mean reopen at full capacity. Q's the markets aren't factoring: How many small bizs can operate at 50% revenue for 6-12 mos. upon their respective state's reopening? How many can operate at 80% for 2 years? …
by FS FS Insider recently spoke to hedge fund manager Felix Zulauf to get his take on the state of the global and U.S. economy. Felix shared his thoughts on what a recovery could look like and why he sees …
The Next 45 Days Are the ‘Most Critical Period in U.S. Financial History’ “While on average we may face a bear market every 10 years, this one is like no other,”… After recovering a chunk of the losses racked up …
by hjaltlander Specifically I was thinking the major European companies like Shell and BP. BP down to lows not seen since 1997. Shell down to lows not seen since 1996 One of the major drivers for the low oil stocks …