TG Watkins – Technical Analysis & Trading Strategies: Market Pullback, Bitcoin Miners, Nat Gas, Uranium
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to share his outlook for this current market pullback, as well as individual sectors like Bitcoin mining stocks, natural gas and uranium.
We delve into the persistent market weakness over the past six to seven weeks, analyze the potential for a market bounce, and touch on key economic reports like PPI and CPI. TG shares insights on managing current market positions, profit-taking strategies, and key levels in the crypto space, including Bitcoin and crypto miners. We also explore trends in nat gas and uranium, emphasizing the significance of moving averages in TG’s trading strategy.
We kick off with an analysis of the persistent pullback in the broad markets, touching on the daily fluctuations and the six to seven weeks of market weakness. TG explains his expectations for a potential market bounce and highlights key economic indicators like PPI and CPI that could influence market trends. We also dive into TG’s strategy for managing current positions, discussing profit-taking on stocks like Tesla and using stop-loss orders effectively.
The discussion then shifts to cryptocurrencies, with a focus on Bitcoin and various crypto miners. TG shares his observations on key levels for Bitcoin and names like MSTR.
We also examine the volatile Nat Gas market, noting trends influenced by weather and key moving averages. TG outlines his cautious but optimistic stance on Nat Gas as it shows signs of potential upward movement.
To close we look at the uranium sector, comparing it to the trends seen in Bitcoin and crypto miners.
The woke agenda was also pretty good for concentrating wealth
A pendulum is moving fastest and spends the least amount of time in the mid point of its arc. It just hangs out at its extremes of right and left before changing direction. Californicated has been hanging out at the extreme left for many years. This may be the turning point of a slow swing to the right.
https://www.tradingview.com/x/WNYCYifs/
NatGas : S.T.E.O. Tuesday (~Noon)
(Short Term Energy Outlook)
https://www.tradingview.com/x/7iSciwTY/
NatGas Update : How Deep?
The leftist woke agenda that has been happening for the last ten or more years that brought abought uncontrolled spending, the debt, unlimited immigration, and taxation had to happen because the human race needs to feel the pain before they can reject an idea like socialism. Socialism will come back not in my lifetime, but in the back of most people’s minds they always believe that the nanny state where government provides them with everything can be made to work. The hard times we are facing is due to this belief and the pendulum which is now correcting will overshoot on the right side but first we must get back to having a prosperous middle class. Human nature is cyclical and predictable. DT