In the recent turn of events, the focus of everyone has been shifted to the terrible terrorist attacks that occurred in Paris where countless innocent people were killed, all of a sudden. I don't want to raise fingers and point at anyone, but it draws my attention to the recent bearish scenarios presented in most stock indexes around the world, where a very grim outlook has formed.
Today I will focus on China, the oil futures and Sinopec's chart. I have given timely signals to short these instruments, see related ideas, and it's now clear that my forecast is valid and en route. I'd like to condemn these events, and pray for the families of those who were sadly killed, and for a peaceful resolution to all this turmoil, which I fear might not end well. In this more serious note, I'd leave you with my forecast for these instruments, I fear this is very much alike 2001, too much for my liking.
Regards, Ivan Labrie.
Bình luận
⋅
I'm not connecting China to terrorism like some poster here implied. That's not what I meant at all. Just that when big moves happen, suddenly terrorist attacks occur...it's a strange coincidence and we'll see if I'm right if global equities take a turn south.
Bình luận
⋅
If we see a new weekly high, then we might see a rally. Monitor it.
Bình luận
⋅
Crucial week to determine direction.
Bình luận
⋅
Posted updated XGY0 chart. This one's still valid as well.
Bình luận
⋅
How long can the government support the A shares? According to my mentor Tim West, this Friday, we might see a very significant event for stocks (US in particular). For more information check out his 'Key Hidden Levels' chatroom.
Bình luận
⋅
On track.
Bình luận
⋅
It's likely to see a rebound in all these markets, oil hit a strong support and the stocks are reflecting it.
Bình luận
⋅
Crude and copper and gold turning around are helping Asia.
Thanks for the extra information.
Yes, I agree with these insights.
blackswan
⋅
Chinese need yuan to become recognized so that they get the privilege to print their currency and fund their own expansion plans. same forces but difference currencies.
IvanLabrie
⋅
This.
peterchung16
⋅
Zerohedge is one of the most dishonest online news in the internet. Although, Wall St Journal is a piece of crap. At least, they spew out truth 30% of the time. Zerohedge is just spewing out sensational crap 95% of the time. I still trust the wall st research like Barron all the time.
Come on! Time is running out of Pax americana. 5 mins ago, US dollar is still pegged to the crude oil. If not more, America just become one of the largest oil exporter in the world. Tell me how does it end?
IvanLabrie
⋅
thanks for the comments BTW. This is a very interesting discussion. cheers
LastBattle
⋅
If you can't read FUD and form an opinion of your own then you don't understand the market. ZH is a great resource anyway.
IvanLabrie
⋅
I use zerohedge, among others personally.
SitoRoman
⋅
hi Ivan, yes theses "bearish scenarios" had my attention one moth a go weak up... I wish "Peace and all the Best" for all kind-hearted people around the World. One Heart One World
zerohedge.com/news/2015-11-14/time-running-out-pax-americana
bloomberg.com/news/articles/2015-11-15/yuan-s-rise-means-world-economy-takes-step-to-greater-stability
zerohedge.com/news/2015-11-15/imf-greenlights-addition-chinese-yuan-sdr-basket-wall-street-responds