Tesla is moving quickly. The train officially left the station. Not allowing anyone else to board if you missed the longs. I would welcome a pullback to the daily 200 MA. This would need to be defended if we pullback.
Tesla has had an amazinf rally in recent sessions. We are now into major resistance. Hitting the weekly 200 MA Hitting major downsloping trendline. If we break this trendline a major bullish pattern is on watch. A weekly inverse head and shoulder pattern that could yield a 100% return. If we reject here, a major bear pattern could take hold. This level is...
Natural gas has seen negative price action since we got the golden cross. The 50 & 200 moving average is touted as a bullish signal but often sold into in the near term. This sell off in Nat gas is going quick and deep. The problem with that is the sector is leveraged with triples & doubles. If we complete the measured move down, we should see a bit lower...
Natural gas has been sold into perfectly since it got the golden cross signal. This is an asset that loves to punish late breakout traders. Many traders will be eyeing the 50 & daily 200 MA, but the way there equity stocks are tradign we may pierce those levels.
MU obliterated on eanrings...so far (pre call) IWM weak on the session. Markers saved on TSLA / AAPL / MSFT strength. Dollar and Long end yields breakout. Inversion of the yield curve about to narrow?
Financials have been demonstrating some interesting price action. We believe financials in the near term could be in for some choppy negative price action. With yields now sitting at support during the recent selloff, banks haven't done all that well. Were now at a point in the inflation fight where we could experience an upside move in inflation. We just...
TSLA is coiling to make a large directional move. The Question is...up or down? With August appraoching quickly, this could be a key pivotal shift in TSLA business model Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock . A ROBO - TAXI could be a mega disruption for many sectors and companies. I think...
QQQ & Semis hit hard on the downside. Topping signal on NVDA...watch for a retrace upward. IWM small caps showed strength on Friday, possible continuation tomorrow. Oil bulls need to hold $80 DXY looking for $106 / This could be an equity sell signal.
Nat gas closed the week negative. We have now had 2 consecutive weeks of sell side pressure. Next week we will get the golden cross on the daily chart. Typically this is a medium to long term signal. Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
Markets saw some selling...QQQ finally lagged! NVVDA almost 8% reversal range. Bearish engulfing SOXX absolutely bludgeoned. Oil ripping / NYSE:XOM monster profits. AAPL PUT / PROFITS SECURED.
BTC has lost some key technical support levels. The weakness displayed in crypto has come while the stock markets have been incredibly strong Its never a good sign when you see BTC getting rejected at double top. The previous ATH at 69k seems to be really keeping price action in check. BTC has 2 channels converging around 57k - 59K. Don't be surprised if...
Natural Gas is going through some much needed consolidation. Holding above the 50 & 200 MA, a golden cross is setting up. Typically golden cross signals see sellers in the near term before medium and ling term buyers step in. Nat gas equities have been struggling lately and appear to be needing to go a touch lower until they are ready for a larger move....
TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved. A bullish breakout pattern is on watch. NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce. If we...
Markets Ripped higher on Nasdaq strength. Oil breaking out, watch yields from here! NVDA did not participate in todays rally. UVXY not making new lows while markets make new highs. 20 year auction: 1pm / TLT possible failed breakout. KOLD profits secured +21%
Natural GAs has had a nice pullback over the last few days. Are we going to see this correction go deeper than the last pullback? Potentially we are observing a failed breakout on the daily chart. Bitcoin: has triggered bearish formations on the hourly chart. Sitting right at intermediate support, BTC needs to hold the 50MA or run the risk of flushing...
Roaring Kitty sold his calls for a lovely profit. Rolling those profits directly into common shares. He has no amaased over 9 million shares. Matching the exact amount of Ryan Cohen in 2020 This deep value trader is certainly not done with this stock.
Natural gas has seen a nice rejection off of 3.19. A double top on nat gas is observed, does this mean we go lower? In the near term perhaps some more consolidation is needed but the trend is setting up for the infamous golden cross. If we get a bullish cross of the 50MA & 200MA this is a likely long term trend signal. This signals higher probability of a...
Markets Sold off on Friday...just barely. Interest rates surging. Dollar above 105 FOMC Wednesday at 2pm CPI Wednesday 8:30am Energy: Oil, Uranium & Nat Gas setting up for some trades.