Robertlesnicki

Robertlesnicki

The VIX is sitting in a zone where its stayed bid for the last 9 months. What happens here will be important. Given the time of the year, my thinking is that it could potentially continue lower from here.

Robertlesnicki

$GME Gamestop has a monthly RSI of 98.... This type of reading in a monthly RSI is extremely rare. I would argue that the stock price is lower in price, a year from now.

Robertlesnicki

$GME Gamestop has gone from near all time lows to new all time highs in 1 year.... My experience tells me that this will not end well for market participants who are purchasing shares at these elevated prices.

Robertlesnicki

Twitter is oversold on the daily RSI. A bounce is due....

Robertlesnicki

The outperformance in small & mid cap stocks so far this year is noticeable. I wouldn't be surprised to see this outperformance continue for the rest of 2021.

Robertlesnicki

Plug Power currently has a monthly RSI of 97.... I would argue that now is not the time to be purchasing shares for a long term investment.

Robertlesnicki

This metals & mining ETF is approaching a long term resistance zone. A break above this zone would be bullish & could set up for further long term price appreciation.

Robertlesnicki

The financial ETF $XLF has filled its gap from February 2020. It's now indicating overbought conditions on the daily RSI. Perhaps some consolidation is in the cards over the short term....

Robertlesnicki

The emerging markets ETF $EEM has been in a wide range consolidation for the last 13 years. A breakout above $55.83 could set up for a longer term move higher!

Robertlesnicki

The NYSE Composite, with over 2,000 components, has filled its gap from 2/24/2020. Now what happens? Well given the avg. returns in Presidential years, I would guess that the markets stay relatively flat until the end of 2020.

Robertlesnicki

Since 1981, here's the returns for the S&P 500 during each President's term. Recent history says that the market prefers a Democratic regime over a Republican one....

Robertlesnicki

The S&P 500 has compressed over the last few months. The move out of this monthly pattern could be massive!

Robertlesnicki

A break above the downtrend line would be bullish and could lead to further momentum higher.

Robertlesnicki

The mid cap stocks are breaking above this big resistance area. This is telling because it's saying that the broader market is starting to participate in this rally off the March lows. This is a bullish indicator to me.

Robertlesnicki

The 30 year bond is approaching a huge support zone! Constructive if this zone holds! Bearish if it breaks down below this zone.

Robertlesnicki

The Nasdaq 100 ETF is consolidating above a major long term breakout level! Bullish if it's able to stay above this long term breakout level!

Robertlesnicki

3329 is a crucial support level in the S&P 500. Bullish if this level holds! Bearish if it breaks below this level!

Robertlesnicki

Here's the initial support level to watch in the S&P 500. The previous breakout level should be a big support level. Bullish if it holds that level, bearish if it breaks below that level!