Palantir (Update)Keeping it short here, PLTR has been getting government contracts recently. Defense and supply chain efforts are important to alot of things right now. A price of $22 would be a bit above 38% retracement of the previous high. Let's see what happens! We are still in a good are price wise and has given us more of a discount I believe since my most recent post. Not advice.
Trades
XPO (Updated)I don't remember publishing this chart. However, it looks like price reached the 50% retracement of the previous high and even went on to test the 61% fib level. Although price could be setting a resistance here, I believe this is a solid company and am setting up a new buy target for a longer move towards the retracement of 88% down the road. Price does look as if it rejected the 200 ema at a point of control so we could be playing tug of war before a true run is made. Biden is working with these companies to improve supply chain issues so keep that in mind! Price reaching $76 would be a 38% retracement of the recent low and would be a good average down area in my eyes. Not advice.
The "Q" updatedThe "Q" has broken the 50% retracement to the previous high (check prior chart). The Q has been leading the market impressively. Technology, consumer discretionary, and holidays seem like the Big 3 days in Boston with KG, Ray Allen, and Paul Pierce. Being that we are at a point of control, a price of $404 would be an 88% retracement of previous high. Let's see what happens.
The "SPY" (Updated)If you saw the previous charted posted, the SPY has surpassed its 61% target. Even with the Vix looking like it has room to go down to a bit more, I feel that the gas is running low on this run and would need a retracement. No trying to time the market but a retracement to $463 would bee 38% of the previous low. I believe in small retracements and taking advantage of them instead of looking for big moves. Let's see how this pans out!
The "VIX"The Vix has reached the 61% target retracement. On the 1 hour timeframe, a new low has been made even with the previous high being broken. The 15 min looks the same. We could be running out of gas soon. However, let's see if the 88% retracement is the next level! We are fighting the 200 ema right now. Let's hope for a push down to around $16. Since July, price seems to like this area. This would be an 88% retracement and would be bullish for the market! I want the Santa Rally!
CHEWYCHWY is creating a potential W pattern. Since May, price (when in this area) has retraced the previous high twice at least 38% of previous high. Although the previous high is lower than the one prior to that one, a price of $65.96 would be a retracement of 38% of its previous high.
Bank of AmericaBAC could still be in the current retracement of the previous low. I see some bearish candles under the 200 ema (purple). Although the previous high, has been broken, I see a lower high and a new low on the 1 hour timeframe. BAC could be falling to a nice buy zone in the future. Let's see what happens!
Charge point We have some bearish candles around the point of control for CHPT. Anything under $20 is a steal in my opinion. Price has retraced below 61% of the previous low. I want to see if the 88% area ($18) could be seen before we see the true retracement of the previous high. This is the 4th time we've been in this area since earlier this July. Price retraced 38% once, price has reached 61% two times. CHPT retracing 61% of previous high would be a retracement of 61% of the previous high. Let's see what happens here.
The "Q"We recently bounced off of a point of control on the 3 hour timeframe for the QQQ. The previous high has been broken. A lower high seem to have been made as of Dec 3rd and rejected off of the 200 ema (purple) . The 50/20 (orange/green) ema has crossed and price could retrace 50% of previous high give this information. A 50% retracement of the previous high would put us at $393.
AAPLSince early September, AAPL's price touched the top orange line on the Bollinger bands about 4 times. After it touches, price has the proclivity to retrace the previous low. A retracement towards $161 would be a 38% retracement. Previous high was broken after a higher low was made. Price has recently retraced 38% however, a lower high was made on the 1 hour timeframe.
The "VXX"Since July, the VXX has reached the 200 ema (purple) 3 times. It has retraced the previous low each of these 3 times. The VXX retracing towards $23.43 would be a 61% retracement. We are also at a point of control on the volume profile.
The "SPY"Since September 20th, when we get close to the 200 ema (purple), we get a retracement towards the previous high before the next retracement process. A retracement of 61% would take the SPY to $463. The previous high was broken and we have a higher low as we are bouncing off of the 200 ema with a 20/50 cross.
GBPJPY intra day setupsFor me personally I'm not not even considering trades on GBPJPY at the moment with price a little indecisive after making a large sell off. If price can make it back to 150.00 - 149.500 I will look for long term buy trades.
USDWTI H4 - Short SetupUSDWTI H4
We didn't quite pullback to our $80/B price, but looks like we may be seeing reversals now at current S/R which is marginally below $80/b. Certainly a measurable trade down to $75.50 initially, offering circa 5R.
Hopefully we can see a similar move to what we have seen on cable. A nice heavy drop to make positions risk free and bank profit early doors.
PalantirPalantir engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. (Via Robinhood). I'm big on the defense sector and knowing how much the government trusts this company I need to take a deeper look. The main thing that impressed me with Palantir outside of their general scope of business was the attractiveness of the Hedge Funds that has this in their portfolio. I normally don't bank on things like this. However, Vanguard (5%), Blackrock (4%), and State Street (1%) has this in portfolio. I do need to do more research on this company I will admit, but I'm confident that we are at a good price now for a good profit down the line (1 year or more out). Looking at the chart, looks like we on a retracement to the upside with a recent bear flag breakout. On the 15 min TF (This is the daily) there is a gap that needs to be filled around $23.66 It also seems as if price wants to break past the 20/50 ema if it does reach that gap which would be a good thing for shareholders. As I do more research, I will up my consideration!
What do you think?
Like, Follow, Agree, Disagree!
The DixieLooking at the DXY, it seems as if there is a W pattern that is on the midst of finishing backdated to September 28th. Looks like on the daily, a small double top has been formed since the most recent crossover on the MacD. We are at a high right now and price wicked off of the 94.598 area from November 5th. The RSI on this time frame is in an overbought area and there is a cross down happening with the Mac D losing momentum. The last time the Mac D was on the low side before the current crossover, price went as low as 91.29. I expect price to retrace up to at least 38% to 61% of the previous low on this daily timeframe. The last time there was a previous low on the Mac D was back in May where price retraced 38% once it reached a new high for time being. I'm looking for a historical pattern here given this information. The US still has a negative trade balance. I know the economy is slowly recovering but this is opinionated as we are still dealing with obstacles within our own country. The dollar gets weaker over time regardless of any strength. I'm still learning economics but I'm banking on the trade imbalance, COVID, and the historical pattern to judge the movement I'm looking for.
Good Luck!
Not Advice!
Ndx...Are We Getting A Pullback Soon?This has been one-hell-of a weird rally. Ugh...SORRY---Happy new month y'all.
Anyways, back to what I was saying.
This rally isn't it though. I made a topdown analysis in this video...But, ugh...who does that help!
Lol! The weekly gave me my answer though. now I wonder why I stayed on that daily?
Watch the video to know what the---weekly had to say.
Numbers to watch:
NH---16200-500
Pull spots---15700-15225
Remember trading nasdaq100 is risky---you have to watch my videos to get it cheers!
Litecoin Looks like LTCUSD is ready for a retracement to the upside. If we can break above the 20 and 50 day ema, I can see us at least reaching the previous high between ($194.24 - $197.68). We have parabolic sars activated on the bottom of my candles.(Entered on the first one that kicked in). Looks like we have some buy volume coming in. Planning on holding until the Mac D crosses towards the upside. The RSI is in dangerous territory and could be a potential fakeout I will admit. However, I'm confident in long term sentiment seeing as to how it is used and accepted in the US, Europe, Asia, India and Indonesia. They have recently partnered with Verifone. They work with over 600,000 merchants across the globe. Litecoin is used in the following segments: Gaming, gambling, web marketing/development, business services, crypto services, tourism, traveling, business, offline services, internet services, shops and markets! I believe this coin isn't the most popular. However, that partnership with Verifone isn't anything to take lightly! Let's see what happens!
Nas100. . .I Might Have Taken The Worst Trade In HistoryHey, y'all! it's been so long. Anyways---in this video, I explained why that has been. I also took some trade. lol. . .you really don't want to know about it.
But, watch the video to catch up.
cheers!
CSXIt looks like we are currently at a high that has broken the previous high since August 23rd. I want to wait until price gets closer to my 20 (red) and 50 (orange) ema's It seems as if we started trading above the 200 ema after we had bearish candles that broke under temporarily where it reached and rejected a strong support level of around $29. Between Dec 2020 and May 2021, there is some heavy traffic on the railway. I would like the current price to retrace its previous low from Sept 27th up to at least 38% - 61% with some bullish candles and price action on the 15 min timeframe to see if we are ready for a ride up if CSX does actually drop. Best case scenario, I want price to bounce off of the 38% daily Fibonacci level to continue towards the upside (creating a lower high). None of my words are law. Just an idea! Oh....I'm tired of getting stopped by trains and I always see a CSX train everytime smh.
Bank of AmericaLooks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see if price can continue trading above the 20 and 50 ema. Say if there is a pullback i'd at least feel that a 38% is realistic on the daily timeframe. If it surprisingly pasts that support level, price could reach the support that was created back in July of this year. Let's see what happens. Alot of credit cards will be swiped this season and for swipe a BAC customer pays, BAC will charge a surcharge to the business for every transaction that is made. Looking forward to a nice but slow ride. Good luck!
Alibaba Group Looks like on the daily timeframe, we are on the top side of the MAcd which entails that we may be at a level to although on the weekly we are oversold, the daily looks like there "may" and i mean "MAY" be a small pullback to the previous low (38%) before it continues to the upside. BABA won't and can't be held back for long before it reaches its previous high up to 38 -61% of that previous high on the weekly time frame. This the Google of China and Munger believes in them heavily. I'll follow! He's my mentor
Atnt (Update)Looks like we are at a reasonable support seeing how price has tested this low that we are at about 4 times since December of 2018. In May, a previous high was broken and although since then, price has made a newer low we still need to be careful with our price targets long term. I believe that price retracing the previous of May of this year could be more than safe. Let's see what happens. Oh, and Warner Bros will have the first all Black Western showing on different platforms November 3rd. It should be a fun movie to watch.
