BobbySpa

BobbySpa

Irrational exuberance is back. All time market highs. FAANG explosion!! Pot Stocks worth $5-10B on less than $100M in revenues. Overbought and relative strength readings on every sector screaming for a break. Apple's chart tells it all. The two year run from early 2013-2015, shows a well formed channel and a stock that played nicely in that channel. The...

BobbySpa

AMD has had a quick steep run but looks like its ready to take a breather. Will likely hold its FIB 38 level, but a short or put play IMO.

BobbySpa

Not sure what to make of this chart. The FIB 62 support has held for 15 months at a touch over 21. Not sure what to make of the shorter term support in place for this year but if the overall market keeps moving up the miners may need to come down and test the FIB 62 again.

BobbySpa

Does the Barclays upgrade keep it from failing at the 7-8 year support?

BobbySpa

Fib levels for the run up from early 2016 holding....this looks like it could go either way. Thoughts anyone? Bueller?

BobbySpa

My feeling is that GLD is consolidating its last move and will hold the 124 handle - the March low. If not, longer term trend line is around 122, however, I would think that the overall market would have to skyrocket for that scenario to play out. Looking to add to GLD on weakness in the 124 area which is holding its 200 day.

BobbySpa

With 4/20 tomorrow I thought this idea was timely. After a huge sell-off that coincided with the general market's decline during March, CRON looks to be making another run after finding support at $5.10. As you can see the FIB 50 resistance was too much for the first attempt, but CRON has consolidated nicely and has found support at FIB 38 retracement level...

BobbySpa

Hey All - I thought it appropriate to take a look at FB in light of Mr. Zuck's testimony today. After a very rough month, FB has put on 16 points from its recent low of 149.02, but is still roughly 30 points off its all time high of $195.32. Essentially its retraced about 1/3 of its drop. Obviously the fall swift and there is not a lot in the way of overhead...

BobbySpa

This weekly chart from 2005 seems to say it all!. There has been a prolonged consolidation pattern that has tested resistance at FIB 38 level for some time. The trading range has become narrower and narrower and it looks like we are very near to FIB 50 level being left behind. The run up in 2016 that hit FIB 38 and retraced is all but over and there is...

BobbySpa

Hey All - MSFT is the one tech stock that I am watching for a potential market breakdown. With all the discussion about being in correction territory one day and out of correction territory the next (or one minute as the case seems to be at times), MSFT has played no part in that. The S&P 500 has flirted, broken and recaptured its 200 day several times over the...

BobbySpa

Hey All - Similar to NEM talked about earlier today, PAAS has been putting in some real work since its bear market bottom in 2015. The FIB retracement from PAAS January 2016 run-up has set up nicely and held key FIB levels. Looking for $18 in the short term and longer term around $22 - which would add 40% to the stock price from here. The medals and mining...

BobbySpa

Sticking with the precious medals and miners themes, heavyweight champ NEM looks to be putting in the work and headed for another championship run. After it's fall from grace that came to an end in 2015, NEM has methodically starting making some real headway and getting back in shape. Looking at the FIB retracement following its run up from January 2016, you can...

BobbySpa

Hey all I am seeing this set-up on a lot of miner charts and the underlying medals. I am new to trading and would be curious about this symmetrical pattern (flag?) and how it is typically resolved based on the volume and other indicators I have included. Thanks

BobbySpa

GDX has been in a very narrow trading range for some time now with very clear support and resistance. All indicators looking like an upside breakout. I believe that patience is the key. Happy Trading!

BobbySpa

Hi All - new to trading view and trading. My view of this chart of GLD is that it is poised to take off and a break above the Fib 382 could see some very significant gains? Any input and critique of the chart is appreciated. Thanks

BobbySpa

Hi all - I am brand new to trading view and trading.....can someone critique this SLV chart I prepared. From what I see it it is in a tight and narrow trend and has some real upside if it can break above short and medium term resistance???? Any input would be much appreciated. Thanks