Robertlesnicki

Robertlesnicki

The Nasdaq 100 ETF is registering overbought conditions on the daily RSI. The ETF is due for some type of consolidation.

Robertlesnicki

The 30 year bond has carved out a pretty defined range since March. Trade the range until it breaks!?

Robertlesnicki

Overstock's $OSTK monthly RSI is over 80 for only the 4th time in its history! I would argue that now is NOT the time to be a buyer, for the long term!

Robertlesnicki

Gold is pulling back to an important level. What was resistance, should now act as support on a longer term basis. The action here in Gold is very important! Bullish if it holds, bearish if it breaks down through this level! Keep it simple.

Robertlesnicki

Apple is making new all time highs today. The stock now has a monthly RSI of 80 which is indicating overbought conditions on the long term chart. I don't believe now is the time to be a buyer of Apple for the long term. The time to buy stocks are when others are despondently selling.

Robertlesnicki

Silver futures were breaking down just a few months ago. After a failed breakdown pattern, Silver has shot up to the mid 20's. An incredible chart to see!

Robertlesnicki

The S&P has been on a roller coaster ride so far in 2020. After gapping down on 2/24 and then declining -35% from its highs, the S&P 500 has managed to come all the way back towards that gap. In fact, it's in the process of filling that gap right now!

Robertlesnicki

The IBB is retesting a previous long term breakout level! What happens here is very important. If it holds, then that's bullish. If it breaks back below, then that would be a bearish development.

Robertlesnicki

The monthly RSI on Gold is above 80 for only the 4th time in the last 17 years. Has Gold gotten a little ahead of itself from a momentum perspective? Yes, I believe it has. A correction may be imminent.

Robertlesnicki

A clean breakout is taking place on the daily chart! Now watching for $323.41 to act as support on any pullback. Bullish if it stays above that level!

Robertlesnicki

$TSLA currently has a monthly RSI of 87. The only other time it was this high, was in 2013. Although it didn't mark a top in the stock price, the stock did end up consolidating for several years after 2013. Worth noting.

Robertlesnicki

The Nasdaq Composite is up more than +19,200% from its lows in 1974....

Robertlesnicki

The Shanghai Composite is making its way towards big overhead resistance! Would be bullish if it could break through this resistance zone!

Robertlesnicki

Gold futures are grinding their way back towards all time highs of 1923 on the monthly chart! A break over that level would be bullish longer term!

Robertlesnicki

The bullish view of the S&P 500 chart is that it's digesting recent big gains off the March lows. Break above this consolidation would be bullish

Robertlesnicki

The bearish view of the S&P 500 chart is a declining triangle pattern is emerging. Bearish on a break below $296.74

Robertlesnicki

Sturm, Ruger & Company is on the verge of a breakout on the monthly chart. The stock has been consolidating on the monthly chart since 2014 (6 years). A break above $74.19 could set up for a longer term run higher!

Robertlesnicki

Tesla has now rallied by over +188% since it's March lows. This rally came after the stock corrected by over -50% in early March. "Buy when others are despondently selling."