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$COIN: weekly trend signal, could be a substantial bottomI think odds are good that Coinbase has bottomed for the first time since IPO. Worth a shot on the long side here, I like that they are planning to diversify away from US as jurisdiction and embrace international clients in a safer location allowing them to expand their offerings into lending, derivatives and whatnot. Chart setup is very good and it should mostly correlate #Bitcoin and #miner charts so it's likely a good addition to a portfolio with exposure to crypto. Best of luck! Cheers, Ivan Labrie.
NASDAQ:COINLong
by IvanLabrie
$SBSW: Sibanye looks strong here, low risk reversalInteresting play to join the trend in metals. Sibanye Stillwater Limited is a company that mines and recycles precious metals like gold, platinum, palladium, and rhodium in different countries. It also has projects to find more metals like lithium, copper, and cobalt. It started in 2013 and is based in South Africa. $SBSW shows signs of a reversal of the recent bearish trend, could move big if it kick starts a bullish trend here. Risk is a drop under the consolidation area, upside is open ended if it behaves as per the arrows on chart. Best of luck! Cheers, Ivan Labrie.
NYSE:SBSWLong
by IvanLabrie
$MSFT: Buy the dip to join the trend#Microsoft has a very interesting weekly uptrend signal active here, while the daily has just had a correction that ran its course. This gives us an interesting reward to risk entry to join the weekly trend at a more favorable reward to risk spot. It's interesting how $GOOGL's monopoly in search being disrupted might affect things going forward also. On one hand, $MSFT has a chance at gaining ground in advertising and $GOOGL a chance to take a huge hit to their search margins if forced to integrate LLMs into it due to pressure from $MSFT (it was a big number, +30% hit). This might kick start some soul searching in $GOOGL, since they had been quite complacent and developed a ton of fluff thanks to their dominant position in search favoring it, a lot of excess they needed to shake off (head count, ridiculous woke practices and divisions burning $ for no reason like Waymo or miraculous anti aging methods to name a few, lots and lots of fat to shed). $MSFT has done a better job in that regard, and are well positioned thanks to their subscription service model producing recurrent revenues and cash generation. Of the two, $MSFT is better run, by a lot... Technically, $GOOGL is below weekly support while $MSFT is in a weekly uptrend and erased a recent monthly decline. All things considered from a long term perspective I would be inclined to invest in $MSFT long term here, rather than $GOOGL, and the entry point here seems to be low risk vs potential reward, even in the short and mid term. It's certainly worth considering. Best of luck if you do follow this buy signal. Cheers, Ivan Labrie.
NASDAQ:MSFTLong
by IvanLabrie
5
$CL_F: Oil is flashing a bearish signalStagflation bros in shambles...Crude oil seems likely to collapse from here, which might be a tailwind for earnings over time. Inflation hysteria had reached insane levels, and perma bears and perma oil bull Canadian Fintwit types/value investors and other assorted flavors of losers of the 2009-2021 market had flocked to the theory that we would get stagflation and a period like the 70s. I know I've had my fair share of doubts regarding that but oil's chart is clear now, how can inflation go rampant with falling oil? Seems unlikely and probably a signal pointing to weaker demand than anticipated. I guess the easy market conditions for people shorting, bag holding oil or coal stocks, etc. are likely over here. Swings offered will be profitable but hard to capture if you're dogmatic about your market analysis and not flexible and paying attention to charts and ever changing conditions and news. My take is over time we have a series of tailwinds for the economy (like oil and the big fall in the dollar from the top) that will contribute to re-rating of asset prices this year. Best of luck! Cheers, Ivan Labrie.
NYMEX:CL1!Short
by IvanLabrie
5
$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
$SAGE: strong base, upcoming catalysts$SAGE is an interesting stock here, has pending catalysts for mid 2023, which fit the expectations from the Time@Mode technical pattern at hand here. Consider the volatility of these biotech names when entering, stock could move huge after data comes out (up or down) but odds are good that it breaks to the upside given the technical pattern suggesting the smart money has been accumulating stock. Upcoming catalysts: SAGE-217 - (SHORELINE) Major Depressive Disorder (MDD) Phase 3 additional data due in mid-2023. Zuranolone (SAGE-217) Major depressive disorder (MDD) and Postpartum Depression PDUFA priority review date of August 5, 2023. Best of luck! Cheers, Ivan Labrie.
NASDAQ:SAGELong
by IvanLabrie
1
$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