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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Spring

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Fri. May 7 @ 8:30 am ET ~ Employment Data
* Wed. May 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Fri. May 14 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. May 19 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. June 2 @ 2:00 pm ET ~ Beige Book Report
* Wed. June 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

*** Click here for link to Economic Calendars for all upcoming events.

Monday, May 03, 2021

What Do Tesla, The Keystone XL Pipeline, And $100.00 Oil Have In Common?

Tesla, Inc. (TSLA), gained a whopping 353.68% in the past 12 months. Its percentage gain is slightly under the combined gains of the 8 U.S. Major Indices, as shown on the following graph. 

It could be a stand-alone index at this rate!

The following 5-year daily chart of TSLA shows that price is hovering just above its 50-day MA, following a volatile, feeble, whip-saw rally since its low on March 5.

Price is at a critical juncture, in that the RSI has tentatively risen just above 50.00, while the MACD and PMO have just formed bearish crossovers.

A failure of TSLA to hold above both the 50-day MA and the 50.00 RSI level, could see a hefty pullback occur in short order to the 200-day moving average at 567.46, or lower.

However, if it can hold above the 50-day MA and the 50.00 RSI, and if we see bullish crossovers form and hold on the MACD and PMO, it could, concievably, retest its all-time high of 900.40, or spike higher.


With Tesla's Q1 2021 earnings report out now, we'll see whether buyers step back in...or not...in view of lowered analyst sentiment and a decreased yearly EPS forecast for fiscal year end December 2021, following two back-to-back quarter misses (-61.9% for Q4 2020 and -11.36% for Q1 2021).

Furthermore, the following news may put a damper on bullish enthisiasm. And, if that becomes a pattern among car buyers, we could see WTI Crude Oil reach $80.00, or even $100.00, in no time (monthly chart below), unless OPEC increases production to avoid runaway inflation and voter backlash against world leaders, especially U.S. President Biden

Perhaps Joe's cancellation of the Keystone XL pipeline project through the U.S. on Day One of his administration (together with his frenetic fracking bans to please out-of-touch-with-reality jet-setting world climate zealots, particularly those who may be or were invested in oil stocks) was catastrophically short-sighted and ill-advised...and every day's delay in its construction will see costs skyrocket, especially if Oil spikes.

We'll see what happens...and whose hotline rings first. Prime Minister Trudeau, are you paying attention?

Source: ZeroHedge.com


Saturday, May 01, 2021

Changes Coming To My Blog E-mail Subscriptions

N.B. To my Blog readers who receive my new posts via e-mail, please be advised that Google's E-mail FeedBurner Subscription service will cease to be provided and you will no longer receive them via email, beginning in July.

Instead, feel free to bookmark my Blog address and check in daily to read any new articles that I may have posted, as well as any updates I may have added to previous ones.

My appologies for any inconvenience in this regard. Your loyalty over the years is appreciated. 😊

N.B. To the editors of those websites who publish my articles on their sites, you will continue to automatically receive them via FeedBurner Subscription, as usual.

Many thanks to all who've supported my Blog over the years, in one way or another. 😊

Candy Matheson

Strawberry Blonde's Market Summary


President Biden's First 100 Days

Presented without comment...

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