Market Moment

Bitcoin

Is the Bitcoin Bull Run Coming to an End?

Is the Bitcoin Bull Run over? The cryptocurrency is below a very important support level which we have been scoping here on Market Moment. I am not surprised that Elon Musk came out to clarify that Tesla did not sell any Bitcoin as a way to prop prices here.

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Elon Musk Cucks Bitcoin, but is it Still a Buy?

Days after Elon Musk put out a poll on Twitter asking whether Doge should be accepted by Tesla for their cars, he tweets out that Tesla will stop accepting Bitcoin due to environmental concerns. Leading to the retail crowd venting their anger and frustration at Musk on social media platforms.

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Stock Markets Braced for a BIG Earnings week.

Stock Markets are braced for what will be a wild week! Earnings, CPI, GDP, Biden Tax Plans and the Fed Rate Decision will weigh in on stock markets! In today’s Market Moment, I go over my favorite earnings set ups for the week.

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Dogecoin

Dogecoin Dumped on Dogeday after Topping Ford and Kraft Heinz

Dogecoin was up nearly 8,000% on the year when it hit all time highs around $0.44. The meme coin was up 400% in the 7 days leading to April 20th, 2021. Doge enthusiasts were aiming for a price target of $0.69 on 4/20 which didn’t happen. These are the levels I am watching next.

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JP Morgan Aids in Destroying European Football

A new European Super League is making waves in the world of sports…and markets. JP Morgan is playing a role in disrupting football. What does this mean for football in Europe? And why you should pay attention to this.

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Cryptocurrency

Cryptocurrency Crash on SEC and Treasury FUD

Cryptocurrency crash over the weekend on unconfirmed FUD regarding SEC and Treasury regulations and Crackdowns. Is the cryptocurrency top in? I wouldn’t say just yet, but if it is, this is what I would watch for.

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Roblox

Roblox (RBLX) Stock to the Moon?

Roblox stock (RBLX) had a big day breaking into new all time record highs backed by a deal with Hasbro. What are the technical levels I am watching? And what are some fundamentals to consider for further upside momentum?

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Ethereum

My Experience Using Ethereum to Buy a DeFi Token

Ethereum is dubbed the money of the internet by crypto enthusiasts. In today’s Market Moment, I share my experience using ETH to stake a DeFi Token, DELTA. Ethereum fees are something that weighs in on its chance of being the money of the internet.

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Goldman Sachs Offers Bitcoin, but is a Bitcoin Ban Coming?

Goldman Sachs joins Morgan Stanley in offering Bitcoin and other Digital Assets to wealthy clients. In the past, I have mentioned how regulations will be upcoming and how this will be BULLISH for crypto’s albeit defeating the original purpose of being decentralized. Is a Bitcoin ban possible? Ray Dalio believes so.

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Is the Federal Reserve Masking Inflation with Higher Oil Prices?

Oil prices remain a large driving force in determining where the US stock markets want to go. As soon as we hit our $66 target zone we got hit in all directions with events. The Suez Canal blockage being the most talked about. Inflation is a term used a lot, so let me introduce you to another way to look at inflation. Let’s go down the rabbit hole together.

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Markets

Stock Market Crash? US Small Caps Bull Run could be Over!

A Stock Market Crash? The Russell 2000 fits that bill, and is hinting to the end of its bull run. The real stories of the week have to do with the commodity and currency markets. Oil is what everyone is talking about, but the Dollar run is of much importance. Especially seeing both the Dollar and Gold move up together!

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Oil

Oil Price Tumbles 8% on Technical Rejection

Oil price tumbled nearly 8% rejecting a technical zone with the commodity settling and printing the largest single day loss since April 2020. No major fundamental news. This is where technicals can provide clear answers.

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Federal Reserve

All Eyes on the Federal Reserve: Jerome Powell to Make or Break Stock Markets

The Stock Markets are under pressure awaiting for the Federal Reserve’s announcement and press conference. Today’s meeting is highly anticipated given what is occurring in the bond markets, particularly the 10 year yield. Can the Fed convince the markets that they can keep yields suppressed if required? This is what I expect from the Fed.

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Fandom

Fandom Sports Media (FDM.CN) Surges Over 50% as NFTs Boom

Fandom Sports Media (FDM.CN) has surged over 50% as NFTs boom and remain a hot topic in the financial world. Our initial entry was way back in Mid December, and most of us are up over 500% on this trade. I want to direct your attention to the weekly chart. Things could really just be getting started.

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Cathie Wood and Ark Innovation Fund (ARKK) Rebounds as the Nasdaq Jumps 4% amid Lower Bond Yields.

Cathie Wood’s Ark Innovation Fund (ARKK) has been the front and center of attention as the Nasdaq dropped. The popular technology ETF is seeing some relief as the Nasdaq bounces largely thanks to dropping bond yields…and perhaps the stimulus coming around the corner. Are we out of the danger zone? Or can Ark and the Nasdaq see another leg lower?

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Gamestop

WallStreetBets Fav Stock Gamestop (GME) Up 30% on Digital Shift

It’s doing it again! WallStreetBets favorite meme stock Gamestop is making a run back above $200 on the news that the company is looking to shift to e-commerce. The same levels covered a few weeks ago are still in place! The question is will buyers be able to fill the gap for further upside momentum?

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The Real Reason the Stock Market was Under Pressure…and how Jerome Powell Saved it.

US Stock Markets have seen some red this week. Yesterday, we saw an incredible drop but an even more spectacular dip buying opportunity. The real reason for this drop has to do with inflation fears and rising yields. Fed Funds Futures were pricing in an increased probability of the Fed raising interest rates. However, Jerome Powell during his testimony reassured investors that rates are not rising and saved the Markets.

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Tesla

Tesla (TSLA) Weighs Down the Nasdaq. How Low Can the Stock Go?

Tesla (TSLA) stock has confirmed a breakdown reversal pattern, and dropped towards our first target. We got great follow through today, but Stocks are now getting a bid due to Fed Chair Jerome Powell easing fears. Both Tesla and Apple impact the Nasdaq greatly, and is the reason why the tech index lead the other markets downwards…however we are at a major zone where we could expect to see buyers step in.

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Is the Stock Market Going to Crash? Bond Yields and the US Dollar Point to Trouble.

Stock Market Crash was trending over the long weekend. I go over the Market metrics which are calling for a Stock Market Crash, before talking about the Federal Reserve’s role, and the hunt for yield. Long time readers have known and profited from this since the everything crash last year in February. Finally, if a Stock Market Crash is going to occur, these are the two charts I would be watching for a confirmation.

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Plus Products

Plus Products (PLUS.CN) Breakout as Senate Democrats vow to Legalize Cannabis.

Plus Products (PLUS.CN) is one of the best looking technical set ups in the Cannabis sector. We confirmed a breakout last week, and as a new week begins, price action is indicating another strong close. The $1.00 zone remains key going forward, and we expect to see momentum continue given the fundamentals of the sector, the company, and the technicals.

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Stock Market

Stock Market Topping? Or is a Blow Off Top Incoming?

As a technical trader, I cannot ignore the daily set ups on the US Stock Markets. Could we be in store for a topping reversal? Or are we setting up for a blow off top? I recap the fundamentals that most of my readers already know about, but also look at some other interesting technical developments.

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Silver

WallStreetBets Silver Short Squeeze: These are the Prices to Watch

Silver Short Squeeze has been trending on Twitter. The WallStreetBets army have their eyes on the white metal. Regular Equity Guru Market Moment readers know that I am bullish Silver due to the monetary and fiscal policies coming to combat the pandemic. Here are the targets, and price zones one should be watching.

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WallStreetBets to Short Squeeze Silver? JP Morgan Called Out.

WallStreetBets have been squeezing Gamestop(GME), AMC, Nokia(NOK), and BlackBerry(BB) to name a few, but is Silver next? My readers have known why I am bullish on both Silver and Gold. We have just patiently been waiting for the technicals to give us the breakout, of which we think will provide us with a good year for the metals. But perhaps we bulls will be getting a helping hand from those over at WallStreetBets?

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Manganese X

Manganese X (MN.V) Up 60% as Tesla (TSLA) Prints New Highs and Biden Demands EV Fleet.

As trader eyes are on the epic short squeezes, some small caps are making moves. Manganese X (MN.V) is fulfilling our technical breakout! This was covered late last month, and I have kept our readers updated on the trade and its major breakouts. Well, another major resistance was taken out yesterday, and we in fact tested the second resistance target. What comes next for the stock?

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BlackBerry

BlackBerry Stock (BB) Soars! Epic Short Squeeze Similar to GameStop (GME) and Tesla (TSLA)

BlackBerry (BB) was covered here on Equity Guru way back in December. We presented our case, and so far so good. Congratulations to those who have taken the ride with us. The fundamental case remains the same. Still very exciting. We must factor in an epic short squeeze created by the retail crowd. On the technical side of things, we have hit a major resistance zone and we should expect profits to be taken.

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Manganese X

Manganese X (MN.V) Breakout Triggers 80% move as Tesla (TSLA) and Nio Hit Record Highs

Manganese X (MN.V) has been on breakout reversal watch since December 2020. Strong 80% plus move with 8.33 million shares traded! The fundamental news was Battery Hill favourable metallurgical results. Going forward, the stock is in a new uptrend cycle and we expect this momentum to continue. Democratic green energy spending, and Electric Vehicle stock moves such as Tesla and Nio provide further catalysts.

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Markets Expecting a Bank of Canada “Micro” Interest Rate Cut

The Bank of Canada is set to make its next move in the ongoing currency war with a micro cut down to 0.10% next week. This was expected by us. Central Banks are attempting to weaken their currencies to boost inflation, and in some cases, boost exports. A cheaper currency also allows all the debt, and government debt, to be paid back in cheaper currencies. We have been calling this, and why the way to play this is to be in hard assets/commodities and even cryptocurrencies.

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Ethereum

Ethereum Price: Expect All Time Record Highs on Bitcoin Price and Cryptocurrency Surge!

Crypto’s have been lit. Bitcoin continues to make all time highs, and Ethereum is making moves. The Cryptocurrency market has surpassed 1 Trillion today, and I expect this cap to increase going forward. My base case remains the run out of fiat, and pricing in the crazy monetary and fiscal policy going forward. Today’s focus is Ethereum. What’s next? And what are targets to the upside?

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Agricultural

New Year 2021 Market Outlook: Agricultural Commodities Take Off! Canadians to Pay More for Food in 2021.

The Agricultural Commodities (Corn, Wheat, Soybeans), are indicating major breakouts incoming. What does this mean for food prices in 2021? Why am I bullish agricultural commodities and agriculture for the long term? The agricultural commodities do not get the love that they deserve, and I think it is time to start paying more attention to them.

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Manganese X (MN.V)

Manganese X (MN.V) Reversal Pattern Set Up!

Manganese X (MN.V) is developing one of our favorite high probability reversal set ups. In today’s Market Moment, I break down this reversal pattern and what future price action will trigger our pattern. What are some catalysts and fundamentals going forward for this space?

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Gold

New Year 2021 Market Outlook: Gold Price Over $3000? Ready to Repeat 2008 180% Move?

Be very excited for Gold in 2021 and beyond. The technicals and the fundamentals are duplicating that of 2008, where we saw a 180% move! In this Market Moment post, I break down what I am seeing in the chart currently, and how this is a carbon copy of 2008. The technicals are the same, and the fundamentals are more extreme! What we are seeing in Bitcoin is indicating a move out of Fiat. Gold, Silver and other commodities are set to have a great year ahead.

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Apple

Apple Now an Electric Vehicle Play?

Apple stocks breakout and retest has been successful. Technicals look good amidst reports of Apple producing an Electric Vehicle. Even though we are years away, questions are already being asked about Apple competing with Tesla. Both have significant brand power with the millenials.

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Brexit

European Markets Breakdown: New Strain of Covid and Brexit.

Global Stock Markets reacted to reports of a new Covid strain in the UK, but Brexit talks should seen as another major catalyst. Taking a look at the UK FTSE, the German Dax, the French CAC 40 and the Spanish Ibex 35, many European markets are showing a breakdown pattern. What are the technical levels we are watching?

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Tesla

Tesla Joins the S&P 500, $1000 per Share Possible?

One of the most anticipated market events was Tesla joining the S&P 500. Today marks its first full trading day on the S&P. The stock is down over 5%, but that has to do with the overall fear affecting global markets. In today’s Market Moment, I want to go over some stats regarding Tesla joining the S&P.

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Gold

Federal Reserve Rate Decision to Trigger Gold Breakout? Set Ups Heading into Fed Day!

The Federal Reserve Interest Rate Decision is today, and many expect an increase in the purchasing program. The ECB increased their bond purchasing program and the Fed may respond in this currency war. As central banks attempt to weaken currencies, Gold and other hard assets are where you want to be. Gold is setting up for a reversal pattern, but let’s also look at other narratives going into Fed day.

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Fandom Sports

Fandom Sports (FDM.CN) Retests and Ready to Pop?

Fandom Sports (FDM.CN) has been on our radar over on our Discord Trading Room. We got the break, and look forward to momentum following. The major catalyst is Bill C-13 which would decriminalize single event sports betting. The chart broke out on this news, and we are now retesting the breakout zone!

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BigCommerce

BigCommerce (BIGC) Prints Reversal Pattern at IPO Support

BigCommerce (BIGC) has been one of the many IPOs of 2020. After a few months of price action, we have price levels to work with! Meaning we have confirmed support and resistance zones with multiple touches. BigCommerce is now printing our favorite reversal pattern the head and shoulders, at IPO support. Here is how I would play it!

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US Dollar

US Dollar (DXY) MELTS Below 2012 Trendline! Currency War Heats Up!

The US Dollar (DXY) chart has been the one to watch for geopolitical and macro trends. Well, we have now broken below our major support level! Not just any trend line, but one going back to 2012! The long term uptrend is not officially over. With the Dollar dropping, it means other currencies will strengthen…at a time when all central banks want a weaker currency in order to prop up economies due to Covid. The Currency War is heating up!

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Airlines

Airlines Breaking Out as Vaccine Nears! JETS, UAL, ALK, AAL, DAL

Airline stocks are pricing in a Covid Vaccine and a return to normal travel sometime next year. Breakouts are pointing to moves higher! The Airline stocks were covered months ago on Market Moment. They have moved higher since then, but the momentum took sometime, meaning you would have missed out on other moves if you kept holding. The breakouts now have some fundamental backing to it.

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Cannabis

Canadian Cannabis ETF HMMJ Retesting Breakout Zone

Cannabis seems to be the theme of the week and for good reason. We have a big catalyst this week, and charts are setting up nicely! I want to bring up the Cannabis ETF HMMJ. We have broken out of a major basing period, and price has pulled back to retest the breakout zone. A very good risk to reward set up here!

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Blackberry

Why I am Buying Blackberry Stock for the First Time.

Blackberry (BB.TO) was a chart I mentioned to our Discord Trading Room members on the breakout on Nov. 20th. Big deal with Amazon announced today! Members will recall that I was bullish on the chart, but also the fundamentals with their QNX OS and autonomous vehicles. This deal with Amazon is for a vehicle software platform! This changes the fundamentals and outlook for the company drastically!

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