This isn't a particularly bearish chart, and looks to be corrective. Not accompanied by much volatility either in this process as it has slowly declined and still holding around the January lows. 60min
China doesn't care about Hong Kong because it is Western style capitalism. One country two systems is out. Once China came in and expelled the English legal system, that's when the Hong Kong stock market was doomed. Obsolete.
Gold I haven't looked at much. Prefer Oil the best currently for this type of inflation. Gold and Silver may lift a bit on this inflationary cycle but this is just relatively mild inflation.
When Gold will really shine is much later when we enter a hyperinflation period. It is coming but inflation first then there will be cooling and hyperinflation.
I'll be looking more at precious metals later. I have a spot for them but right now there's not enough action.
People had gotten used to no inflation. They had taken it for granted. Now they are surprised by the inflation. Well surprise will soon turn to shock as inflation blows up.
Hahaha yes. I noticed it also this morning. Scalped it, already bought and sold. I'm looking into it to see if there is anything to it or just technical bounce
Not my favorite trade as SPX has been complicated by inflation, but this isn't a bearish chart.
ReplyDeleteAlso despite the war in Europe, SPX still holding around the January low before the war even began.
ReplyDeleteNFLX they were bashing all day yesterday but looks pretty good today, too funny!
ReplyDeleteMost likely trajectory for SPX may be up to 4,320 this month.
ReplyDeleteAlready past that, just like that!
DeleteHaha yes!
DeleteOil dropped but you knew that was coming:
ReplyDeleteSCMarch 7, 2022 at 8:53 AM
"XLE I'm expecting a significant pullback in next 30 days."
Another great call!
DeleteThanks! XLE should rebound for a week, but lower low in April. Probably I'll wait for April to reenter.
DeleteTook a quick profit DWAC sold $66.00.
ReplyDeletesc,
ReplyDeletelooks like a bottom--I am with Louie on this one SPX 4400 to 4500 ---should be short covering rally ---buy the dips into Friday!
Quad opex Friday..
DeleteBought AHPI $3.30.
ReplyDeleteTiny stock and float with big potential. It's on the move today. I'll post the chart on AHPI.
DeleteOCGN is getting hot, on no news.
ReplyDeleteThere's a couple gaps, one just overhead and another at $4.15. OCGN
DeleteYINN looks attractive, YANG may be oversold. Depends on politics I guess
ReplyDeletedennis
ReplyDelete--got lucky--bought puts on yang on the close--got 10 points--lets see how it opens
Yinn---looks cheap!
Nice bounce! Hang Seng up 9%!!
DeleteDamm, missed it. I was going to top toe into Yinn this am but not after a 30% move. We'll see
DeleteI'd be careful trading China to the long side just yet. Although I do agree that Hong Kong is approaching a low this was not likely the bottom.
ReplyDeleteWait for an event, a signal. How about a ban of US listed Chinese stocks? Particularly if China decided to support Russia...
China doesn't care about Hong Kong because it is Western style capitalism. One country two systems is out. Once China came in and expelled the English legal system, that's when the Hong Kong stock market was doomed. Obsolete.
ReplyDeleteNow he's getting desperate.
ReplyDelete"Ukraine President Zelenskyy invokes Pearl Harbor, Sept. 11 in asking U.S. Congress to help fight Russia invasion"
Took some profits OCGN $2.83. Still have more.
ReplyDeleteRaising cash for the next Oil trade anticipated entry in April.
ReplyDeleteAs a trade Oil is difficult to beat but Oil is still overextended. It'll bounce but I'll wait for lower entry. Update coming soon.
ReplyDeleteThanks SC. Sounds like a good plan!
DeleteCrude Oil commodity won't come down much but energy stocks are too overextended at this time as the next chart will show.
ReplyDelete"Federal Open Market Committee said it will raise rates by a quarter percentage point, or 25 basis points."
ReplyDeleteAlmost nothing. Inflation to intensify.
Deletesc,
ReplyDeletewe should get SPX 4400 or higher in the next two days--close to it
any expectations on UVXY or Yang again---you know we top this week end --and sell off to new lows in April???
As you stated before and I think a great point this is not going to be a strong Quarter and that is going to make for a shaky start to April.
DeleteXBI is loving the weak punt by the pigman Powell....
ReplyDelete/NG if your not playing this bullish 2-3 year cycle with tradeable down moves too, your going to hear about all the R's collected by me
ReplyDeleteTook more profit OCGN $3.18. Gap basically filled
ReplyDeleteSc are u still expecting more down in xle. Oil stocks bouncing hard today
ReplyDeleteYes, just a bounce. I had bid for some XLE Calls yesterday but didn't get filled. The bounce won't last. There will be a good entry in April.
DeleteThanks, is it same for gold, gold stocks
DeleteGold I haven't looked at much. Prefer Oil the best currently for this type of inflation. Gold and Silver may lift a bit on this inflationary cycle but this is just relatively mild inflation.
ReplyDeleteWhen Gold will really shine is much later when we enter a hyperinflation period. It is coming but inflation first then there will be cooling and hyperinflation.
I'll be looking more at precious metals later. I have a spot for them but right now there's not enough action.
I hate to be forward but your understanding of inflation if you consider 10%+ or more mild
DeleteGold has been great, 2K PT mentioned here long ago hit, cycle for gold is bullish....
10% inflation is mild relative to what is ahead.
DeleteTurkey inflation is 49%, Russia is 20%.
People had gotten used to no inflation. They had taken it for granted. Now they are surprised by the inflation. Well surprise will soon turn to shock as inflation blows up.
DeleteThanks
ReplyDeleteTook some profits OCGN July $7.50 Calls at $0.28
ReplyDeleteReports that Russia stock market opening on Monday
ReplyDeleteSold OCGN July $7.5 Calls $0.32
ReplyDeleteKodk????
ReplyDeleteHahaha yes. I noticed it also this morning. Scalped it, already bought and sold. I'm looking into it to see if there is anything to it or just technical bounce
DeleteTrying some HOOD today too.
ReplyDeletePlease keep us informed!
ReplyDeleteMotley fool ---put a but on Kodk
ReplyDeleteKODK came up strongly off weekly quadruple divergence.
ReplyDeleteNYSE:KODK) "reported consolidated FY21 revenue of $1.15 billion, an increase of 11.8% year-over-year."
ReplyDeleteNice week of solid profits!! This we can identify as a rising tide everything went up!
ReplyDeleteTook profits sold OCGN $4.14.
ReplyDeleteLooks like a short squeeze OCGN 26% shorts!
ReplyDeleteSC, what broker do yo use to buy OCGN?.
ReplyDeleteTD
DeleteNew chart posted!
ReplyDelete