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Olive Oil Discovered the following: ▫️ The 21 Smooth Moving Average makes a decent entry and exit signal ▫️ An upsloping 21 SMA, even if lost tends to recover. Down sloping rejection = exit. ▫️ Two recessions @ bottoms

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U.S. Non Farm Payrolls Rep: 353k ✅ MUCH HIGHER than Expected ✅ Exp: 187k Prev: 333k U.S. economy adds 353,000 jobs in January Based on revised figures we have increased the jobs added to the U.S from 150k in Nov 2023 gradually increasing to 353k for the month of Jan 2024.

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Federal Reserve Balance Sheet Update ⚠️DECREASE of $47.1 billion week ending Jan 31st⚠️ ▫️ $1.34 Trillion Reduction since Apr 2022 ▫️ We are $0.436T away from the long term trend line (Red Line). The current trajectory means we could reach this level by Sept 2024

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U.S. Continuing Jobless Claims Rep: 1,806k ✅Lower Than Expected ✅ Exp: 1,845k Prev: 1,832k (revised down from 1,834) Whilst the short term lower than expected continuous jobless claims are welcomed the long term trend is one of thee most concerning charts out there. Chart Trend Since Sept 2022 continuing claims increased from 1.302m to 1.806m (500k+). This...

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The Big 4 Earnings Releases today (POSITIVE) ✅ Novo Nordisk ⬆️ ✅ Mastercard ⬆️ ⌛️ Qualcomm (released later today) ✅ Boston Scientific ⬆️ The chart shows expected & reported earnings & price action. IMO Mastercard looks particularly promising. NYSE:NVO NYSE:MA NASDAQ:QCOM NYSE:BSX

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Bitcoin - Potential Pattern The only monthly candle that I could find that has wicks as long & a body as small. Six years ago in Jan 2017 before an epic run from $900 to $20,000 CRYPTOCAP:BTC Not a prediction. More probable short term scenario is down as outlined on the chart. Just interesting the similarity. Having a position is as important as having...

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The Big 4 Earnings today - THE RESULT ✅Google ✅Microsoft ❌Starbucks ✅AMD See the chart for reported vs estimated and how the price finished up today ▫️ NASDAQ:MSFT a clear leader ▫️ NASDAQ:SBUX missed expectations on both fronts ▫️ NASDAQ:GOOGL & NASDAQ:AMD try to hold ATH

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The 4 Big Earnings Releases For Today I will update these charts later with there reported earnings and revenue. You can see that NASDAQ:MSFT leads the pack with relative strength. Premarket Google and Microsoft are showing higher prices whilst Starbucks and AMD are showing lower premarket prices (see orange price bars) NASDAQ:GOOGL NASDAQ:AMD ...

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Macro Monday 31 U.S. Dallas Fed Manufacturing Index This Index is compiled from a monthly survey conducted by the Federal Reserve Bank of Dallas to assess the health of manufacturing activity in the state of Texas. It provides insight into factors such as production, employment, orders, and prices, offering a snapshot of economic conditions in the region. ...

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10Y/2Y Yield Spread & Unemployment Rate Originally shared back in July 2023 (see below charts) Its interesting to see that the yield curve is rising fast (up towards the 0 level) We are reaching into dangerous recessionary territory. No guarantees, just a significantly increased probability. Continuous jobless claims are reaching pre-recession warning levels...

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Visa - NEO:VISA Earnings: Rep: $2.41 EPS ✅ Higher Than Expected Exp: $2.34 EPS Revenue Rep: $8.6B ✅ Marginally Higher Than Expected Exp: $8.56B 6 - 12 Month Trade A potential 29% relatively safe return for the 2024 year in this dividend paying, well performing blue-chip stock. c$2.00 per annum dividend per share . Monthly Chart (left) ✅ Long...

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U.S Core PCE (FEDS FAVOURITE METRIC) Rep: 2.9% ✅ Lower Than Expected ✅ Exp: 3.0% Prev: 3.2% U.S. Headline PCE Rep: 2.6% ✅ In Line with Expectations ✅ Exp: 2.6% Prev: 2.6% Historical Core PCE Norms On the chart you can see that since 1990 the typical Core PCE range is between 1 - 3% (red dotted lines on chart). We are slowly getting back down into this...

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History of prior EU Rate pauses: 4 months | Oct 00 - Apr 01 12 months | Jun 07 - Jun 08 3 months | Jul - Oct 2011 4 months | Sept 2023 - Present ⏳SO FAR⏳ At least they could say that this is not the shortest one ever now that we are into month 4. Historical Average: 6 months (March 2024) Interestingly this is when the Bank Term Funding Program in...

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Paladin Energy Ltd - OTC:PALAF ✅ 25% increase since first shared. ✅ Red Circle pattern may repeat ✅ Above 200 MA ✅ Breakout of Parallel Channel 🎯 Target here is undefined, the plan would be to ride the 200 day until it is definitively broken. I have not entered this trade yet but considering an entry at the 200 day SMA at 0.66c for a small position. This...

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Uranium ETF - $SRUFF ✅ 45% increase since entry at 200 day bounce ✅ Pennant Breakout confirmed trend 🎯 Target remains 0.618 Fib Ext at $45.00 ❌ Stop Raised to $26.67 guaranteeing 27% profit (Stop placed here as it is the most recent higher low and should remain intact for short term trend to remains valid) Hope this simplifies the...

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Ripple - CRYPTOCAP:XRP Long term game plan ✅ Above the 20 month moving average ✅ Into the bullish time zone per historic pattern 🚨 Volume, we need more volume here....BADLY We need to be patient and acknowledge that it is not over unless the pennant is lost

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EURO Area Consumer Confidence - ECONOMICS:EUCCI The lower the minus figure on this chart the better the confidence is in the EU area (closer to zero the better). Rep: -16.10 🚨 Worse than Expected🚨 Exp: -14.30 Pre: -15.00 The Chart ▫️ We have a long term general downtrend in EU Consumer Confidence since 1985. ▫️ Prior to recessions we formed lower...

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Bitcoin Pull backs are be expected folks. We have had a monumental move from Nov 2022 c.15k to where we are now. In the last bull cycle 30% pull backs were the standard. With this cycle we have had nothing but 20% pull backs to date. We have to cater for a 30% pullback scenario and also for a 50% (as recession indicators are throbbing at present). This does not...