My target for the S&P 500 has been 3000 for the past year and a half at least. I’ve kept saying that and I still think we’re heading there. I also wouldn’t exclude a melt up rather than an imminent stock market crash as some are suggesting. Yes, it might be coming, but in my view we’re not there just yet. Continue reading “S&P 500: 3050?”
The dollar or its index DXY rallied by around 8% in the past few months after it lost 15% since the beginning of 2017. In post ‘Macro overview’ I wrote we might get this tradable counter trend rally and it feels to me it could be a good time to flip the card again. This time in the direction of the primary trend, which is becoming bearish for the dollar again. Continue reading “When even the bears get bullish”
My Twitter followers probably already saw me tweeting about uranium for a while now. I’ve been saying that it could bottom here, where the main instrument or vehicle of choice is Global X Uranium ETF $URA. It’s been bottoming for the past 3 years and it feels the process could be ending soon. Continue reading “Bull case for uranium”
Silver hasn’t move anywhere in the past 2 years, it’s been in a range and this range is getting smaller and smaller. It’s just nuts, it’s dead money and if you’re invested in silver then you’re probably going crazy looking at other people making money trading stocks, oil, base metals, etc. While you’re getting nothing. The opportunity cost here is just huge!
Well there still might be some hope left. Continue reading “Silver: The next big thing?”
…is not bearish to me! Why it would be? For so long we’ve been listening that only the FAANG stocks are pushing stock prices up. They’ve been performing very well, indeed. But they aren’t the only ones! Continue reading “Small and Micro Caps at all time highs”
I would like to present you my current macro views. The markets are at very interesting points and offer very good opportunities at the moment.
The format of this post will be slightly different than usual, I will post my tweets because I think that the combination offers a better reading experience.
I would like to start with the major stock market indices. There is so much interest in this market thus everyone has an opinion on it. I’ve been seeing so many bearish calls lately, such an increase in the negative sentiment,.. Sure, they might be right and as stated many times before, I don’t mind if the markets doubles or goes to zero from here. All I care is to participate from the right side. Continue reading “Macro overview”
… if I use the words of Mark Yusko and make them a bit more general. Not that I don’t believe in bitcoin, but I think the whole asset class is here to stay and disrupt. Possibly big time!
While a lot of people are saying bitcoin is a scam, one should buy puts on every crypto, and while there are many ICO frauds, I am not so sure about the negative outcome for the asset class as a whole. I don’t want to go over all the reasons why, but I think it has a lot to do with the same reasons as why the stocks are in a bullish trend, e.g. money is super cheap, we could be in the beginning of a secular bull trend (see my post from Sep17, Why are you so pessimistic?), etc.
But there is another one which could push the prices higher. Continue reading “Cryptos are big, really big!”