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🦧 almost crossing

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🦧 almost crossing

Ape of Omaha
Feb 2
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🦧 almost crossing

www.wiseape.fyi

📚 key terms

  • technical analysis – it is one of the four most popular methods of investment analysis (i.e. fundamental, behavioral, quantitative, and technical)

    • technical analysis relies heavily on statistics and identifying patterns (and mostly short-term trading opportunities) by analyzing trends in metrics such as price movement, volume, etc.

  • simple moving average – one of those popular numeric indicators technical analysts love to utilize

    • 50 m.a. – average closing price taken from the most recent 50 days

    • 200 m.a. – average closing price taken from the most recent 200 days

    • just like stock prices, the 50 m.a. and 200 m.a. numbers are different each day, as the “most recent xx days” changes for every new trading day

 
 

🤞 golden cross maybe?

in technical analysis, the golden cross is when the short-term moving average (i.e. 50 day) moves or "breaks above" the long-term moving average (i.e. 200 day)

  • as shown in the chart above (which shows the past twelve months for the s&p 500 index), the pink (50 day m.a.) seems like it is about to inch above the purple (200 day m.a.)

  • chartists often look at this phenomenon as a sign of an imminent major rally or a start to a long-term bull market

 
 

⚠️ not so quick tho

  • of the 52 golden cross for the s&p 5000 since 1930, per dow jones market data, stocks were trading higher a year later only 71% of the time

  • imo: yes, we may see some relief in us equities as the fed announced on wednesday a decelerated rate hike of .25% and that its efforts to tame inflation is working, but whether this is a long term rally or not depends a bit too much on other variables that we do not yet have a good handle on (i.e. tight labor market, job freezes, layoffs, weak earnings and guidances, cooled down real estate market)

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💡 something im thinking about

deloitte predicts that 5k+ satellites will be in low earth orbit by 2023, and up to 50k by 2030 (click image)

as always, i’m no financial advisor! (i’m no substitute for professional financial services)
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🦧 almost crossing

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