Auguraltrader

Auguraltrader

Ok, so we got the NASDAQ bounce for the week as outlined in the previous post. How now, brown cow? The weekly chart now has bullish crossovers in the technical indicators, and clearly a breakout of the consolidation range between 11,200 to 12,200. Mildly and cautiously bullish for the weekly chart, The daily chart shows that the week ended lower after clocking...

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Two earlier propositions OXY and SOXL identified were taken, as shared. The exuberance of the week prompted a close of the trade really quickly, particularly for SOXL. OXY just ran out of steam the moment it reached the resistance, so not yet to break out. White arrows denote the entry and exit points. You really need to see the intraday charts, 30 mins or 1 hour...

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OXY was recently highlighted during the recent crude oil ease off retracement. A friend kept talking about it, and new about Berkshire (Buffet) accumulating this stock kept making headlines over the past couple of weeks. It was in the radar screen as this was something I missed earlier and looked for ward to getting some position as the crude prices should be...

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Given a heads up from a friend some time ago, SOXL was closely tracked and position taken at 14.80 (white arrow). There was immaculate synchrony on the weekly and daily charts, as it fell in a falling wedge. The weekly technical indicators turned as the weekly candlestick hinted of a possible trend change. The daily technical indicators similar in sync and a...

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Last week's assessment was way off, admittedly. No follow through and just a turn and dive. It went further down to 92, and bounced strongly to end the day, and the week with a candlestick and long lower tail. Expecting bullish week ahead... later in the week. 104 resistance, then 108 next resistance.

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Two weeks ago, the Gold Odyssey hit a snag, and after two weeks, it really broke pattern. Currently at a support, which should hold for a bit, it appears that Gold is sliding down further eventually over the next weeks, probably after a bounce at the support level. Heads up!

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An interesting week went by, one with ups and downs and all around. The week ended with a long lower tail in the weekly candlestick. This we know, indicates bullishness. The daily chart shows how this came about, with a doji on Wednesday, and then a higher low retest followed by a nice uptick on Friday. These moves bounced off a support level, as well as clock in...

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Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart...

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As previously expected, Crude bounced off 95 (95.10 to be exact) and it bounced off with gusto, to reclaim 100 support. The bounce was a fast intraday check-in at 95, and the following day clocked a bullish engulfing of sorts. This was then followed by another bullish day to end the week with a long lower tail, indicative that between 95 to 100, likes a lot of...

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A repeated patter on the weekly RTX chart appears to be forming, and technical indicators are set up similarly. The daily chart is also in alignment as previously. Technical Indicators have just crossed over and suggest a breakout is in order. About 15% upside potential with upside target at 113.80, about mid-September 2022. Fundamental and geopolitical...

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As outlined in the S&P500 weekly analysis. the technical bounce appears delayed. At the least, it looks like a higher low is being made, and would take another week or two before a higher high is achieved. In light of these, the projection and targets have been adjusted to the end of July.

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Last weekend's review, it was expected that the S&P500 would follow through with a bullish week. Instead, it was quite the opposite, until the late part of Friday that the upticks started. This could have been attributed to the end of the quarter, half year sell-off by portfolio managers, just a possible consideration. This week's price action was clearly not...

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For some time, GXC had been flagged as potential for upside... massive upside. Within a triangle, it had already gained over 10% since it was flagged. This week, it appears to be breaking out... out of the triangle that it has been coiling in. Obvious that the weekly and daily chart technical indicators are bullish, or crossing over bullishly. Candlesticks are...

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Previous analysis appeared bullish, but the price movements in the last two weeks since failed. The weekly chart instead of following through with the bullish indications, reversed into a weekly gap down and further down for the next week. Weekly technicals are weak and suggest some bearishness. A clear failure for the GDX ETF to break above the weekly...

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Previously, with a hit on target, a technical bounce was expected, and the end of last week... it happened! The NASDAQ weekly is leading the charge with an overwhelming bullish candle for the week. MACD histograms are thinning out and weekly MACD are about to cross over. Using the simple arrows, projections bring the NASDAQ to 13,600 where it should meet the...

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The last week saw a reversal of the previous week, with the weekly candle recovering all the previous week's losses and closing decisively above the gap resistance. From a weekly chart perspective, the following week would be bullish. The daily chart similarly shows that the bullishness came from the last day of the week ( instead of mid-week as expected )....

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Quick observation that IF the data is correct, then Australia just started a mini-wave.

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Next wave for India appears to be projected about 8 August 2022. It is already on the rise...