Fr33zerPop

Fr33zerPop

Going for a mid-day win with TQQQ up to the midpoint of the fan wedge.

Fr33zerPop

Charting the SQQQ with the fib speed fan. Currently the SQQQ is in a general sell mode for me.

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Current analysis of TQQQ. ...Of course, you could also just buy SQQQ if you're wanting (or needing) to be long

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My fib lines say WMT is looking weak. You can't see it on this chart, but it closed today crossing under two major fib lines for me. I'm looking for more downward movement for the next few days.

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Well, now I get to practice my discipline of not over-trading while I wait for the QQQs to find their direction. Neutral direction for me at this point.

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I think as a hedge against inflation Gold (or metal products) will increasingly become popular. Cryptos may be the future, and Equities may love inflation, but when fear strikes, even the most aggressive speculator may want to lay their foundation in the one thing that has historically spanned centuries as a hedge against turbulent times. Gold is old, but it's not...

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Gold is still perceived as a storehouse of wealth, even if it is increasingly less intrinsically useful. And, in our turbulent times, it's no surprise that as our equities markets tumble, investors are looking or safe havens. Gold and metals will remain one in the vacuum of other options.

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Energy may be a good play, but I'm waiting for some weakness to give us good pricing. I'm also looking into alternative energy like Tesla, as these new oil prices will re-invigorate our green energy market.

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I'm still waiting for OMIC to end it's downtrend, but with a flattening base and less extreme dips, I'm hopeful we'll see that long-term turnaround soon. A short-term trader might see some good upward bounce over the next couple days, but I'd only be doing this for cashing in on those gains over the next week or two because of it's current long-term downward...

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Gold is still sideways for me long-term. It's low in this wedge, which could see it bounce up. But it also has a major support/resistance line to contend with, which could push it into staying on one side or the other.

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While I'd look for a breakout to the upside to this descending wedge, I think it's equally likely that price will bounce off my purple breakout line and head down for another leg. We'll have to wait and see. It's also noteworthy to notice we're now trading below the grey resistance area, so that might add an additional ceiling to bounce off.

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Is it starting a new up-trend, or is this just a bounce before diving through support? Hard to know at this point.

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XAG Silver has crossed my breakdown trigger fib fan line and rebounded sharply. I'm going to be watching to see if it closes above the breakout line with a downside fake-out, or if it will close below that breakdown line.

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Lots of real estate stocks in the same situation this week with a steep correction. I'd like to see VNQ cross my purple fib line before feeling like there's safe upward momentum of a new move.

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MPW is an idea for medical real estate exposure. It's weak at the moment, but if if can cross my purple fib line, I'd consider it.

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I like JNJ, but would like it to travel down to 168 before breaking through my purple fib trigger line.

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NTFX is moving up, but I'd expect it to take a breath soon, maybe up by 630.00.

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I don't know if it will be back to 697.10 a third time, but it could prove to be a good bounce point. I think it would be a gamble to jump in now with it at new highs. There's a risk of some retracement.