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Labrietrading

$SPY: At the crossroads...Moving down from here will have the recent uptrend speed line taken out, which could mean the recent advance we had in markets is doomed...The daily chart has a valid short signal here, so it makes sense to hedge portfolios with puts or going short $SPY or futures here (or selling calls till March 21st). If $SPY climbs back over $400 ish then the down trend here is invalidated. Yet another nerve wrecking juncture in markets, perhaps the nice period we had is over, at least in large/mega caps. Best of luck! Cheers, Ivan Labrie.
AMEX:SPYShort
by IvanLabrie
1
$BTCUSD: Bitcoin could have peaked hereThere's two distinct possibilities here for crypto, Bitcoin topped or it will go sideways to coil for the next big move to the upside, likely for 7-8 weeks, or a few more months...This is not the type of juncture where you wanna be heavily involved, and if you are I would consider hedging with OTM puts for 8 weeks, or selling calls OTM for that long. Shorting is ok but I rather not short crypto, rather just move to cash and watch. Best of luck! Cheers, Ivan Labrie.
CME:BTC1!Short
by IvanLabrie
$TSLA: Weekly trend could be upThis week was quite significant across the board, there's a decent chance at flashing a weekly uptrend here, but for that price needs to breach $223.01 and stay up on the week, and then proceed to hold over $191.78 for >5 weeks ideally. You can see the estimated target ranges that are possible to traverse here. Keep an eye out for this breakout signal, might be of great significance going forward. I'm not yet in the stock as I had sold my positions a while back, but watching it closely. Personally trying to address valuations if buying any stock now, as the current macro juncture doesn't favor reckless management antics, or growth at all costs with no profitability in sight. In this regard, $TSLA is one of the few non-offenders as they've built a substantial margin of safety now and have a solid moat and quasi-monopoly on profitable EV production. Let's see how it goes... Best of luck! Cheers, Ivan Labrie.
NASDAQ:TSLALong
by IvanLabrie
1
$CL_F: Time to buy oil...I'm already long via a number of energy stocks I have been buying recently but now Oil futures are finally onboard. I was thinking that inflation remaining stickier was proof of post COVID lock downs induced supply disruptions being still a factor, and now that we have China reopening and an increase in demand of 'atoms' thanks to the transition to renewable energy and electric vehicles, combined with the long term dynamics of nearshoring/onshoring/friendshoring, I think oil and oil stocks, biofuel producers, coal, refineries, etc. offer nice upside. Think that India and Mexico will require larger amounts of energy for the wave of industrial activity that will be unleashed there once Western firms move their production to ally nations rather than relying on China, while China reopens and activity resuming unleashes pent up demand on the same finite resources. It's an interesting juncture, and a recipe for potentially explosive upside in certain names. Let's see how this goes, pick your poison, as far as instruments better suited to express this view in the long term... Best of luck! Cheers, Ivan Labrie.
NYMEX:CL1!Long
by IvanLabrie
$ATOMUSDT: signal in the daily, could evolve into monthly trendCosmos has a nice setup here, and as a bonus it yields 20% or so if staking on-chain. (plus the chance to get airdrops that might be worth between $0 and who knows how much each time) The daily trend points to a steady rally until Feb 15th or so, depending how high it goes, this could evolve into the monthly trend being valid and upside to $27+ opening up over time (within 6 months). Seems like a nice setup to ride a potential resurgence in crypto, with a small speculative position. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
10
$TSLA: the rock level heldTrend reversal in the cards here, or at least a correction during a longer term sideways consolidation before rallying higher over time. Either way, the short term trend is now down after hitting the resistance level I outlined in my previous publication. As long as below $202, $TSLA is at risk of a selloff towards at least $117.96. I would suggest caution, and if you're long maybe consider selling OTM calls or simply cash out on the recent rally. There will be more opportunities to rejoin later on... Best of luck! Cheers, Ivan Labrie.
NASDAQ:TSLAShort
by IvanLabrie
2