Hedgies and large money are flowing back into boomer stocks like NYSE:PM for "value" in times of inflation. Take your favorite boomer stock that your parents and grandparents have been talking about since you were a kid then divide that by GME or other stonks. You'll be surprised they've been out performing since Thanksgiving.
This is the year for my boomer friends to buy the dip on their favorite long time value stocks and commodities. That being said, it appears we have Wyckoff Accumulation happening on Uranium. I'm noticing a lot of dip buying with Pleiades bands widening to the buy side while we are chopping sideways. I could see one last shakeout (or Spring) to allow the stock’s...
It appears we have a possible diamond forming on Uber. Candidates to take it short to 35.92 are: 1.) Noya indicator showing buying pressure decreasing. 2.) If we get a spike in the US10Y (orange) watch for a quick pullback to the median at 35.92. 3.) We are reaching the other pitchfork trend and the median is back at around 35.92.
It appears that we have a lot of uncertainty ahead and now is a good time to plan ahead to be sure you aren't left holding the bag. Short Term: Up Longer Term: Down If you combine all the buying and selling across all the major indices you start to see the following: 1.) Sell off volume to the downside is higher than buying volume. 2.) Noya indicator showing...
PCC Ratio to track if you should buy or sell... PCC Ratio to track if you should buy or sell... PCC Ratio to track if you should buy or sell... PCC Ratio to track if you should buy or sell...
NASDAQ:BBIG Relative volume has been weakening and BBIG closed this week right at the edge of the uptrend pitchfork. If volume continues to weaken then we will see BBIG approach $5 where the median of the downtrend pitchfork is. If crypto and stonks like TSLA/FANG run then I could see this losing volume and getting shorted to $5. If we see momentum coming back...
NASDAQ:TSLA Seeing a dip buy opportunity for TSLA. On the 2H the momentum is going neutral which coincides with the pullback. The daily momentum is still there and I could see upside to the 4H supply zone.
NYSE:CHWY Still seeing strong momentum on the daily and 2H. Sub 90's are nice dip buys. Should see a quick rip to 100 once it breaks supply at 92. Invalidation will be below demand zone.
NYSE:SE I see the next take profit level at 312 where the longer time inside pitchfork channel meets the top. Brief pullback and rip to 320 before earnings. Catalyst: Delta variant and pre-earnings rush Driver for stock to rise: "But investors have recently come back to technology stocks as the COVID-19 delta variant circulates and some areas of the...
CHPT looking to hold support on the 200ema on the 30min right before Biden speaks about EVs.