Sorry for long silence. Plenty of business to attend, not talking fighting for freedom in our countries, which must be your priority! Go to demonstrations, make plans should the worst happen like in Australia, help as much as possible the revolution leaders whether they are politicians, lawyers, … Wake up the sheeps if you can and take names of all the traitors who are on their knees in front of corrupted governments!
I will try to help you make some money by in-depth market analysis. But remember it is no advice. You have to think about it and consider your own personal situation. Bet 100$ on a crypto if you can afford it and maybe you will get 1000$ sooner than you think, but keep in mind you might loose it all if you enter the market in awkward manner!
S&P500 is still going to the moon, so it seems. See how it bumps regularly on the dynamic random walk lines. Trend is still hugely positive. There is indeed a divergence with the PPO below, but only a close below the green channel would indicate market witness.
September is usually a poor month to invest, at least from statistical perspective. But worst month is … October! A drop to 4000 (lowest line below the last top) is in theory possible. If it happened, then just take the opportunity to invest in strong companies like Apple!
What is Crude Oil doing? It does not seem to be up and the down move started in July seems to be completed. If you don’t know, then market is just flat! Traders probably play in what they perceive as horizontal channel, we don’t care and wait for a bullish sign.
If there is one market where you shoud be invested, it is …. COAL!!! Coal is good for the planet, whatever those ecologists are telling you. Plants benefit from carbon and give you more oxygen. Carbon is not responsible for climate change, mother Earth does what it wants and men is responsible of all the chemical pollution, but ecologists will ignore your questions, should you ask. So Carbon is becoming more expensive through some interesting financial tricks (pollution allowance, …) and since solar pannels and wind farms will NEVER alone power the world, coal (and Uranium) are your best bet for years to come (unless humanity comes back to some reason!)
Crypto market is the place to be when cryptos fly towards the moon but a place to be avoided in other circumstances. Sure enough, central banks printing money by gigantic amounts, the value of any active asset, such as Bitcoin, can only go up, whatever happens, even if governments tried to forbid its existence, because … nobody is in charge! You kill it and it will be norn again 2 minutes later!
Bitcoin, pretty much like oil, is gently drifting horizontally. The south objective is 35k and northern one is 70k. This might continue for one or two months.
This is a more interesting crypto called SOLANA. Huge increase since mid-July (which I did not manage to catch!) and predictably, a retracement is on-going. I am looking at buying trade around 110$.
This is Solana 1h graph. Note the volatility! The objective of the down move has been reached, which you may call a support! This tells me it may not go further down for now.
That’s it for today. I will write at least once a week. If you want to support this blog, I am showing my Bitcoin Cash address on the right side! We never know where market is heading, so be careful.
Until next time, trade safely!
2 thoughts on “Back on the saddle! An other market boring report!”
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