Lanmar

Lanmar Updated 

DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely. Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):

Lanmar Updated 

These four big tech stocks are on thin ice. A break of these necklines suggests more downside. These levels likely indicate around 11,900 on the Nasdaq as the line in the sand. Question is, does this lead to capitulation or a longer duration downtrend. TBD... Nasdaq 11,900 level = red line

Lanmar

Recently China's been catching a bid and Solar's been one of the leading industries in the market. One thing I don't like is JKS has been one of the weakest players in solar. I always want to be focused on the strongest name in any sector. In the medium to long term that trend is likely to stay in place. But short term we might see some catch up in JKS vs...

Lanmar Updated 

The chart above is a quarterly view (3 month candles) of the Euro against the Canadian dollar. IMO the Euro will be weakest against either the Cad dollar or the Australian dollar (both commodity currencies), but it looks like of all the majors it is in the worst position. EURAUD monthly: EURUSD monthly EURGBP weekly Euro priced in Gold Currency markets...

Lanmar Updated 

With natural gas setting up for a possible parabolic advance (or likely elevated prices), I am looking for great set-ups in nat gas producers. SWN: These types of structures have multi-bagger written all over them.

Lanmar

This stock is a textbook example of long term basing followed by breaking out and historically delivering returns. 1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak 1996 - 2004: 450%+ return from breakout to peak After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting...

Lanmar

First off, I am NOT implying that these two assets actually have a meaningful relationship with one another (correlation of any sort/or if MU goes down so does BTC, vice versa). I am just pointing out that Bitcoin and Micron have had similar price action in terms of peaks and troughs and I want to keep watching that relationship. What's interesting to me is...

Lanmar Updated 

A secular bull market is a long-lasting shift in an industry that leads to substantial growth over a long period of time (crypto/electric vehicles/semi-conductors/e-commerce, etc) Micron is a good example of a stock in an industry that's in a secular bull market and has some great classical charting patterns on a short term (daily) and long term basis...

Lanmar Updated 

The above chart is clearly satire, but that type of price action is an actual possibility (in terms of breaking new highs and falling afterwards, who knows). Markets have always done what people never expect, and it NEVER fails to surprise me. Strong bias on one side of a market is very risky business, and every time I have a bias, I'm reminded of how...

Lanmar

Weak markets are the best time to pay attention to what's actually holding. When stocks hold in weak markets it usually means institutions are supporting price - they're accumulating the stock vs dumping others. The simplest way to identify this behavior is to compare the divergence in new lows against a benchmark that's relevant for the stock. In this case, I...

Lanmar Updated 

There is only one way I know of to logically guesstimate where a bottom could be based on past price action. I believe bitcoin -0.19% is reverting to its 200 week mean average range which will be anywhere between $2500 - $5000 (probably somewhere in between). The time in which price reaches this range matters, as it has to correspond with the trend-lines, and/or...

Lanmar

The chart below shows when winter comes, Ethereum is at a seasonal advantage. We're seeing the opposite now as summer is around the corner, a time when Ethereum tends to underperform Bitcoin since its early days. Weekly confirmation is a close below the head and shoulders formation this coming Sunday. Invalidation is above .078+, a long way up.

Lanmar Updated 

Tesla's been tightening just where I want it to be tightening before it makes a big move - for me that's the 50 week moving average, where it held during the Covid meltdown. Since its top in January, volatility contracted in the form of a bull flag. With earnings coming up in 4 days that looks like the catalyst to ignite a move in either direction. Based on...

Lanmar Updated 

Sugar hasn't moved much in the commodity space but it looks like that's about to change The quarterly chart is especially interesting as it's been bull flagging above a key historical level - the 18 cent mark, which also corresponds with the 50 week moving average support - so there's your risk perfectly defined. You could also argue it's flagging outside of a...

Lanmar

BDX is breaking out on a weekly basis after sitting in consolidation since January 2020 above the 200 week moving average. All week there's been high relative strength in medical device companies like BD.com. Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50...

Lanmar Updated 

I haven't traded a trend in forex for years - this is the best looking currency chart I've seen in a VERY long time. 50 month MA Tightening base Close to a breakout from the pennant Obviously unsure what the reasoning for this is, but I'd expect a catalyst sometime in 2022 that could send the ruble down double digit %

Lanmar Updated 

DOGE vs ETH - nearing support (or at support now), which means we could see some outperformance Last analysis on DOGE (I never went long since I thought DOGE was a joke. Joke's on me!) Disclosure: I'm long from .217 - first time I'm long DOGE. Before I just used it as a proxy for altcoins (see post above). .16 cents needs to hold/or risk (stop) can be a daily...

Lanmar Updated 

Since October 2020 Fantom's respected the 50 week MA. This is the third time it's basing just above it. Zooming in it's engulfing yesterday's high - some resistance at 1.55 but likely to digest it given the longer term trend 2hr chart