MicroStrategy is down 5.19%, and the creator questions why anyone would buy this 'garbage'.
Source Post
Commodities Update: Technical Analysis: OIL RIPPING HIGHER WITH GOLD AND SILVER
The creator provides a technical analysis of commodities, including precious metals, energy, and various equity ETFs. They note strength in oil and a potential bottoming in gold and silver, while expressing caution on the Nasdaq and S&P 500 due to rising interest rates. The creator anticipates a rotation into commodities and energy as a primary driver.
Linked Mentions
Tickers discussed in this post
URA is down slightly but remains in a fantastic pattern that could break higher at any time.
XOP is tracking higher, has broken its neckline resistance, and the pattern looks fantastic for further upside.
SILJ is showing similar chart patterns to GDX, indicating a similar uncertain outlook.
GDXJ is showing similar chart patterns to GDX, indicating a similar uncertain outlook.
TLT bond prices are down and at support, with expectations for a move lower as yields spike higher.