If Inflation Doesn't Drop, I Really Like This Stock

If inflation doesn't eventually hit the Fed's target, I'm watching this stock.

I've been making videos every week to share with you some of my thoughts on the market and how I think outside forces will impact the stock market. Instead of a video, today I'm posting a single chart. Allow me to explain a bit first, this chart is of Alcoa (stock symbol: AA) and I like this for a couple of reasons. First, if inflation is holding strong, hard assets tend to perform well. This is very much a hard asset. Second, this chart (below) is doing something that has been in the works for years.

‍

There is a lot of pressure against the ceiling (resistance) at/around $38, a move above $38 would only be a continuation of the rounded bottom that was put in place Oct, 2023. Resistance at/around $50 and and final high of around $100 is what I have on the radar. This chart has a great technical set up and sector rotation (as discussed in many of the past videos) looks to be well underway.

Let's keep an eye on this stock, it looks interesting above that level.

‍

Stock market panic, what happens next?

Stock market panic, big selling, what comes next?

NVDA is the market

A good day for NVDA is a good day for "the market" but there's more to it. Using NVDA as a contrarian signal...

The Markets Are Screaming, Are you Listening?

Is the stock market waiting for more information or is the movement already underway? Let's examine...

Go Where They Ain't

How to find opportunity and surprising clarity in the stock market by simply thinking about things in a slightly different way. Listen to this discussion to see what I mean...

What Does This Mean?

Something is happening here, there's possibly a seismic shift in the works and we can be early on the train. Or, maybe it's just a blip on the radar. This feels big to me...

Union Hedge Fund Podcast Episode 1

Welcome to our first podcast! In this, our first episode, we tackle topics like election year trading, NVDA and where some of the best opportunities are in the stock market right now.