UnknownUnicorn13101

UnknownUnicorn13101

Lithium... I almost was tempted to buy this on the selloff today, beat on earnings but short on revenue. Glad I held off. Huge bearish engulfing, and already extended over 150% off the high. WSJ announced after market today that ALB will be paying 218.5 million in a foreign bribery scheme. I don't see much support below (between the two purple horizontal...

UnknownUnicorn13101

Barchart.com has XLB (materials) as a strong buy, and I agree. Mosaic (fertilizers, potash), is at a nice support area with a double bottom and sitting just above POC on the weekly. It has a 17.2 % free cash flow yield (superb), piotroski score of 7 (excellent), 20% return on invested capital (good), 24 % ROE (good). Finbox models have a 43.7% upside. It may...

UnknownUnicorn13101

I have found a fairly predictable 16 bar (week) cycle running in the US Dollar Index. Currently, we are in a strong downtrend, not even challenging the upper (2 Stand. Dev.) band. I noticed long ago the head & shoulders looking pattern in the weekly chart. The DXY is currently sandwiched between two pivot areas, 102.035 and 99.418. Each 16 week cycle (peak to...

UnknownUnicorn13101

From 7/18 until 7/28, SPY has been setting up a nice volume base (boxed area), low volume zone above (red arrow), setting up for a further run higher. We finished Friday with a nice green hammer which settled above the pivot of the prior red candle. My guess, 473 to 475 area.

UnknownUnicorn13101

I missed a call for a pullback on June 6, so Semis have held up pretty well since. We have a cup & handle on the weekly, and the point & figure also shows a distinct cup & handle. I see a big breakout in the near future, perhaps catalyzed by a fed rate pause. In the nearest term, we have an island top on the daily, with declining money flow index, so there could...

UnknownUnicorn13101

I published this chart way back and noted at the time that I have never (since mid-nineties) seen an ascending triangle form in a downtrend. Since this was my first, I wasn't sure what the breakout (or breakdown) would be. (Note: Ascending triangle breakouts are very high probability and often are fast and furious.) As you can see, SPY has broken out after a...

UnknownUnicorn13101

EXPD is a financially sound opportunity in the strengthening industrial sector. Fallen on hard times with the COVID disruption and with current weakness in international commerce. EXPD has 11.8% free cash flow yield (excellent), Petrioski score of 8 (excellent), and Altman Z score of 10.4(excellent). Earnings revisions: 3 up and 7 down, and post earnings...

UnknownUnicorn13101

This chart is the same as drawn way back, still standing with it. I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle). Natural progression would be along the lower target, but a macro event (such as...

UnknownUnicorn13101

Expect a bounce in DXY in near term, as is approaching support at 61.8% fib at 98.976 and at a prior consolidation area (circled). Expect some chop between the 50% fib (101.994) and 61.8% fib (98. 976) --- fibs drawn from 1/2021 low to 10/2022 high. Longer term, the head & shoulders pattern should play out with further downside.

UnknownUnicorn13101

Today we finished out with a Gravestone Doji on high selling volume. If you would call that long up wick a gap fill, so be it. Today closed out at a lower low from prior day which was also considerable selling volume. I am looking at some selling next week, most likely into the POC (left arrow) and volume profile apex (right arrow) at around 435, which is also...

UnknownUnicorn13101

I'm going out on a limb here before FED minutes today, but here is a daily chart analysis of gold in USD: Gold is typically seasonal, selling in late first or second quarter until third or fourth quarter. Despite recent selling, gold has held remarkably well in light of a hawkish FED. The good news: Gold has bounced off its rising 200 day EMA (red moving...

UnknownUnicorn13101

XLP has based around it's POC, which is a high volume apex. It has retraced 50% from B to C, and another 50% from C to D, along a low volume node. Furthermore, the Relative Rotation is showing staples in the improving quadrant on the daily, although it is still in the lagging quadrant on the weekly (www.relativerotationgraphs.com). Always looking for additions...

UnknownUnicorn13101

Quite a bull run, last week we hit the Point & figure (P&F) target of 443 set long ago. The current run appears over-extended, being at the top of the channel set from the October 2022 low to present. Also, the RSI(9) on daily and RSI(12) on weekly (neither shown here) are overbought. The B to C run at 1.68 % extension also is showing some excess over the...

UnknownUnicorn13101

SPY (market weighted) divided by RSP (Equal Weighted) has improved (declined) since June 1, which is encouraging, but the long term trend is strongly up. The recent reversal in this measure since June 1 needs to continue for overall market health. (A higher reading indicates less broad participation in the market). Those who say that only price matters, and not...

UnknownUnicorn13101

Nothing better for financials than a FED hike pause. XLF daily chart is experiencing a 21/50 EMA crossover (purple converging with green line), has crossed above the Ichimuku cloud, and sits currently right at 200 day EMA (red line), which is also a key Gann level. XLF could reverse downward off this 200 day EMA, but there is a low volume profile above, so it...

UnknownUnicorn13101

SMH recently peaked at 151.71 on May 30, leaving behind two gaps for potential fill in an area of low volume (yellow volume profile highlight). I am expecting a selloff into the gap areas, which also are at key fib levels. 5/30: peak = 151.71 143.89 = 76% fib (Touched today, and 5.2% off peak) 139.05 = 61.8% fib ( 8.3% off peak) 135.14 = 50% fib (10.9% off...

UnknownUnicorn13101

I measure the breadth in the S&P as the SPY (market cap weighted S&P) divided by RSP (equal weighted S&P ETF). The higher the ratio, the more concentrated the market, and therefore less market breadth. As can be seen, nearly every time the ratio has neared 3.0, the Fed has ensued with an easy money policy, and the SPY subsequently turned bullish. During these...

UnknownUnicorn13101

I took the gold volatility index GVZ and created a simple regression trend from 2008 to present on a monthly chart. I then took the points at which the GVZ spiked above two standard deviations of the trend. These points are the vertical lines on the chart. The vertical lines, or points which had a large spike (all above a reading of 30) on GVZ in most cases...