Heavy selling observed across the S&P500: Financials & Real Estate hit hard. S&P500 hitting the 50 day MA...technical daily support. Some breakout sectors are seeing there first pullback in a bullish trend. The sectors that have had breakouts will likely see dip buyers. Health Care & Utilities are into some interesting support levels. This is where bulls...
CPI comes in hotter than consensus. IWM slaughtered / QQQ under pressure / SPY closes negative. Yields & Dollar ripping. Oil ripping / Natural Gas selloff. Are we entering a new reflation trend?
This chart has gone through ample consolidation. Once this pattern breaks its going to be a very powerful move. Being the fact that were seeing a bullish shift in Utilities and gas & Oil, we think this name is setting up for a upside move. if Nat gas makes a true bottom this name will likely outperform. This is a lighter volume name so trade with caution.
This Nat Gas resource stock is signaling bullish price action. The way energy stocks have been moving makes this Nat gas trade more likely to play out. EQT triggering bullish short term patterns and developing very bullish long term pattern.
What would cause rates to move higher? Inflation 2.0? According to this long term yield chart were about to experience a paradigm shift in rates. If this Monthly Golden cross occurs we should see a bull market in rates continue into the future. This would not be a good sing for risk equites. The last time we got the opposite signal" Death cross" we saw a...
SMCI saw a nasty down move today with the market. Semiconductors led the downside move today. It seems massive amount of capital rotated out of the market today. This low float volume stock can unwind in a sharp way if this support is breached. Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market....
The old wall street adage! so goes apple.... Were at a pretty interesting level. Are market makers going to make this breakdown in apple easy? A head & shoulders breakdown is now on watch for a confirmed break. This does imply a decent down move and will undoubtedly weigh on markets if it happens. Keep an eye on the second largest company in the world.
Nat gas confirmed a daily chart breakout! Its looking likely that we are now putting in a basing formation to move higher. Now that we are holding above $1.86...we could start to see shorts cover. I remain bullish as long as were above this key gap zone from 2020. Nat gas resource stocks are continuing to show signs of accumulation. $2.25 upside target on...
Great profits taken on a few trades today. Bitcoin & crypto under pressure. Semiconductors weak today. TC members received 7 new trade alerts today. 1 Bonus stock pick at the end of the video.
Nat gas made a bullish reversal today. Closing up over 6% Natural gas has recaptured the short term trend and is trying to establish a new bullish range. If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25 Oil continues to grind higher. making new higher highs and higher lows. Oil is now on watch to target $90 a barrel....
A quick look at the daily charts of the 4 tickers above. SPX wonderful rally today. NDX huge 30 min rally late into the day. Oil moves higher & bullishly consolidating Natural Gss looks bearish down here.
Natural Gas is appraoching the apex of a wedge pattern. The Apex is the very tip of the triangle where 2 trendlines meet. Price will likely have to make a move by April 3 or sooner. As for which way will price break is anyones guess, but probabliietes are slightly swaying lower. Signs of accumulation are being observed in the resource stocks. So a bottom is...
Lululemon is gapping down on earnings despite a double beat. Nike is gapping down on earnings. A trend is showing weakness in these consumer discretionary based stocks. There will be many sympathy plays in the retail space. Watch XRT tomorrow.
Bitcoin is fighting the short term trend. its lost the 7 day moving average over the last few sessions. Bulls retraced and tried getting above. The have not been successful at confirming above the key trend. A 4 hour Head & Shoulders pattern has triggered but on watch for a potential bullish reversal.
Positive news on phase 3 trials. Possible US food & drug admin application next year 2025 8.5 times the usual 20 daily volume average. Red to green reversal. This all points towards likely higher prices. If their application next year gets approved expect a monster move. Investors will likely try to front run this.
Discussing the sell off in semis today. Potential reversal in Nat gas Bitcoin & crypto selloff. FOMC tomorrow: No rate cut. Will Powell come out hawkish tomorrow? its looking likely he will based off of the BOJ rate hike. Oil surging doesn't help the dovish case. Commodities breaking out doesn't help the inflation fight.
Humana has been trading into key long term support. This stock has been under severe pressure and is starting to appear to be carving out a potential base. it seems that 1 more flush in this name may prove to be a swing tradable entry on the long side. The weekly Death cross formation is close to occurring. This is no doubt a bearish long term signal but...
Nat gas continues to show some short term weakness. Its now shaping up based off an RSI divergence that Nat gas could make new lows. The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign. Sellers clearly took control over price and forced it back below the neckline. The 100% downside move of the head & shoulders that triggered...