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Tag Archives: Technical analysis

Video: Bitcoin Price Prediction for January 2021 – 20% Drop a Buying Opportunity?

In the present video, David Jones from Capital.com provides his forecast for bitcoin in January 2021, trying to answer the question: can bitcoin recover after the recent slump? He starts the video by discussing the recent moves of the cryptocurrency, news that was affecting it, and what fundamental factors will be affecting bitcoin going forward. Next, David lists the major support and resistance levels. He then turns...

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Commodities Technical Analysis, January 11th — January 15th

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of January 10th, 2021: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Overbought Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 43.55 45.37 48.93 50.75 54.31 56.13 59.69 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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Bulls Loving The “Heads I Win, Tails I Win” Market 01-08-21

Portfolio Positioning Update With January kicking off with a bang, we are maintaining our long bias with reduced hedges at the moment.  We made some changes to align our portfolio more with our equal-weighted benchmark index during the past week by reducing some of our overweight in technology, healthcare, and communications. While many other sectors of the market are grossly overbought short-term, we added a 5% weighting of RSP (S&P Equal Weight ETF) and SPY (S&P Market Weight) to...

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Technically Speaking: S&P 500 – Trading At Historical Extremes

Welcome to 2021. As we kick off a new year, we begin with the S&P 500 trading at historical extremes. It is essential to have some perspective to set reasonable expectations for future returns and quantify the “risk” of something going wrong. As we discussed with our RIAPRO.NET subscribers yesterday, the real risk to the market in 2021 is over-confidence. “Currently, Wall Street analysts are wildly exuberant on expectations of explosive economic growth, rising interest rates, and...

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Commodities Technical Analysis, January 4th — January 8th

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of January 3rd, 2021: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Long Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 46.25 46.90 47.65 48.30 49.05 49.70 50.45 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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So Far, The Bulls Are Disappointed In “Santa” (Full Version)

Portfolio Positioning Update With the “Santa Claus” rally wrapping up next week, we are maintaining our long bias with reduced hedges at the moment.  We made no changes to our portfolio mix during the past week except for adding a 5% weight of SPY to our current holdings. Once we pass the end of the next week, we will most likely reduce that position and rebalance the rest of our holdings. With the stimulus bill passed, and checks going out, we won’t be surprised to see a short-term pop in...

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Commodities Technical Analysis, December 28th — January 1st

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of December 27th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Neutral Short Neutral Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 44.29 45.22 46.73 47.66 49.17 50.10 51.61 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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All I Want For Christmas Is A Bull Market (Full Version) 12-25-20

A Record High In Overvaluation SentimenTrader had a great post out this past week, with some more data showing the more extreme overvalued conditions in the market currently. “Sentiment and valuation go hand-in-hand. One impacts the other and creates a self-reinforcing loop until something happens to break the cycle. Over the past 40 years, there have never been more mild, moderate, or severely overvalued companies within the S&P 500.” Bubbles Are Psychological What is essential to...

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Commodities Technical Analysis, December 21st — December 25th

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of December 20th, 2020: Crude Oil Indicators Moving Averages RSI Parabolic SAR CCI Long Overbought Long Long Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 43.06 44.38 46.78 48.10 50.50 51.82 54.22 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st...

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Overly Bullish Speculators Front-Run “Santa Claus” 12-18-20

Stuffing Stockings As noted in the chart above, it isn’t just “retail” investors getting overly exuberant about the market, but “institutional investors” are jumping in the pool with them. As I noted last week, portfolio managers are not only entirely long but have leveraged up portfolios to over 100% exposure to equities. While investment managers are “all in,” Wall Street strategists are rushing to ramp up price targets on stocks to lure more retail investors into the market. The “Fear...

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