Stocks like Coin, Mara, MSTR all got s=demolished this week on the back of BTC having a 11% pullback from highs. Bitcoin is forming a weekly reversal candle that is extremely bearish. This candle could indicate a near term top in the crypto market. If we get a weekly hammer reversal expect a 50% retrace on the bearish candle, this means some crypto stocks...
Bitcoin saw a nasty Daily topping tail on volume. So far it appears the ETF news is a sell the news event. Despite BTC selling off slighlty the decline really wasnt all that bad respectively. Compared to some of the equity market signals we got in the crypto stocks today. The likes of Coin, Mara, MSTR, WULF, RIOT...all saw some nasty daily reversal signals....
Nat gas inventories and price action today were super volatile. We saw a 7% rally, a 4% decline all for nat gas to finish up positive 2%! Inventories remain in bullish trend.
BTC is moving higher but really Ethereum is the breakout chart. Small caps lagging the market bounce. Oil, Energy, Commodities hit today despite weak dollar. CPI & innitial Jobs data tomorrow.
Nat Gas made an epic reversal today after being down over 6%. Oil got pummeled today despite a weak dollar. Is the energy market breaking down?
NVDA & BTC are trading in lockstep. Are these behemoths signaling a new bull market? A clear correlation is being observed ahead of the BTC spot etf.
Apple is very oversold and relatively weak compared to MSFT. Are we about to see a rotation trade take place? MSFT is looking vulnerable while Apple is looking like a dead cat bounce play.
Markets reversed lower after briefly going green. All indices down on the back of yields rising. Relentless selling in Apple.
TSLA is testing a pivotal bullish support level. this area could make or break the stocks for the next 3months.
Crypto was weak today on the surging dollar. We saw altcoins and BTC selloff. A massive intraday bounce has occurred but will the support level hold. Crypto equities saw a bullish buy from the lows.
Natural Gas is tagging resistance. Will we see a reversal lower off this level, we think so. A potential stage 1 basing formation is nearing completion after this final shakeout.
Dollar Surging Reversal! Small caps Obliterated Oil Bullish Reversal.
Is Mara about to make everyone a millionaire? At the rate its going, it absolutely looks like it. Mara has moved up an extra 100% despite BTC not taking out its daily high close on December 5
QQQ / SPY New Closing Daily High Semiconductors Mixed * Transports weak DXY & Yields Continuing Lower
TUP broke out today on volume! AAOI 25% short float and getting its highest monthly close since 2018 IONQ Bullish potential pattern at play
Nat Gas Bulls cant seem to find any momentum continuation. Lots of chop and slop is forming on the daily chart. This choppy action could be shaping up for a new low after we get tag the next resistance.
Natural Gas saw a larger drawdown from inventories this week. Nat Gas had a higher weekly close! Stage 2 basing formation is still in play!
The markets marched higher here for an 8th consecutive week. this is the largest rally since 2017! The Nasdaq closed the week at its highest ever weekly close.