StockPickingEnthusiast

StockPickingEnthusiast Updated 

Below I show you a longterm AMEX:XLF chart that has had a complete rocket higher without any consolidation in price. In my opinion XLF cannot break out here without some consolidation back down in price; and then maybe it can retest and breakout; but I don't think it can do it on the initial attempt... I may be wrong, but you can place your bets accordingly....

StockPickingEnthusiast Updated 

NYSE:HD I wonder if this ends up being a double-top for Home Depot? I would watch lumber prices, it tracked lumber quite closely last time, if lumber fades soon it could signal macro-economic weakness in the economy, which could lead to lower bond yields and lower stock prices together. Watch closely my friends.

StockPickingEnthusiast

I guess that you can say that this and next month are pretty huge for the technicals of the NASDAQ:AAPL chart.. This is the Logarithmic Monthly for 🍎 -AAPL almost tagged the 20month MA (green) -AAPL has broken below the 21year uptrend and rejected the 5year uptrend support (orange) NASDAQ:AAPL

StockPickingEnthusiast Updated 

Buyer beware here for the semis... NASDAQ:SMH Monthly chart, parallel channel resistance..

StockPickingEnthusiast

Ascending wedge resistance tested again, pullback due to less rate cut optimism, or fake move once again?

StockPickingEnthusiast

I provide you both sides of the argument. Goodluck. M or Cup and Handle? Bear or Bull? Economy healing or double-dip incoming? Your choice, but be pragmatic and risk averse.

StockPickingEnthusiast

Directly in the supply zone, earnings and guidance were blah... Cost-cutting not enough for investors at the moment.. Investors unsure of macro-outlook in coming months... Not a buyer here personally..

StockPickingEnthusiast Updated 

This has reached a bit too consensus for me. Fading/closing longs on Gold/gold miners.

StockPickingEnthusiast Updated 

Gold Miners have suffered, and this one has now capitulated in my opinion. Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later. (See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)

StockPickingEnthusiast Updated 

Gap almost filled for SMH

StockPickingEnthusiast Updated 

Goodluck

StockPickingEnthusiast Updated 

Goodluck Retesting the channel it broke down from...

StockPickingEnthusiast

Goodluck

StockPickingEnthusiast

#CPI Data Thursday...

StockPickingEnthusiast

Let's see what happens next with CPI this week.

StockPickingEnthusiast Updated 

This seems like a no brainer long above 406. Goodluck.

StockPickingEnthusiast

IWM descending channel resistance

StockPickingEnthusiast Updated 

$IXIC Nasdaq Composite now vs. then 2021. Notice the resemblance to channel support/resistances aligned with the bubble spike above channel between the two charts and then notice the 8month MA (yellow) vs. 50month MA (red). The chart is extremely earie, and you need to take notice. Current: Then (2021):