How many buyers are really left here? This is the definition of dimishing returns. I'd expect doge to drop to 5 cents then 4.
Lockheed is a very interesting defensive play here - there isn't much I would be buying in this market, however I think if we can get $325~ on LMT it would be a great R/R for a longer term Call option play, or straight shares.
Civil unrest is almost guaranteed in the coming weeks+months in the US. RGR has nice low IV%, and could be a great defensive play.
Weekly TD9s on SPY+QQQ+DXY+VXX. They aren't super reliable on their own on indices (see QQQ), but with Vol and DXY setting up I would be very careful going into next week...
TLT looks ready for liftoff. Deeply oversold, potential for a double bottom at channel support. I am expecting volatility to pick up as well, so I think Bonds could see a nice tailwind if we get any bearish action going in equities.
It's looking like the DXY is ready to pop. Often DXY spikes coincide with geoplitical events, political chaos, and market corrections. From a technical bases, DXY is very oversold, and 90.5~ area looks like strong support. The 3 day and weekly RSI are diverging, and we have Demark TD8's on the daily and 3 day. I would be careful in metals+crypto+equities here, and...
Daily+Weekly TD9, Trendline + a=c linear fib completion. RSI+Volume divergence to boot. Peloton looks ready to roll over. I am short
The DXY has put in a weekly TD9, and a massive divergence across daily to 5 day timeframes. Whether we dip marginally lower to 90.50 first, I don't know. But the US dollar index is about to be king again. Expect a 3+ point move within days.
AAPL and QQQ across the board looks absolutely cooked. AAPL showing a weekly Demark TD9 sell, a massive RSI divergence, volume divergence, and the put/call ratio on the S&P is at levels that usually precede major pullbacks. AAPL still has some trendline support at $440, but below there it's gonna dump harder than Chris Farley after a supersized chipotle. I'd...
This is one of the nastiest clusters of high timeframe Demark 9’s I’ve seen in years. 2week+9day+weekly, and a daily which will print monday the 10th. I also have a daily VIX TD9 Buy which will print monday the 10th. Entirely possible this drags out into late next week but I would be getting the F out of all risk before this weekend. Maybe they’ll blow the three...
HUGE pump on LAKE, very similar fractal to Ebola. Thanks to BigRooster for the inspiration
SHOP looks ready to roll technically - heavy resistance at the top of the long term channel, along with a 1.618 extension off the all time low. Timing wise, we have a TD8 on the weekly bar. Very potent cocktail of technicals. I would expect a retrace to the 230-260 range, at minimum.
We should be heading down to re-test the blue channel, as well as the black primary channel, and 1.236 fib. We could have a possible bottom there but too soon to tell.
Seeing lot's of green shoots in HIVE - We need to break up that blue downward channel to confirm bullish trend change.
BTC should be on it's way to re-test the blue channel around $7200-7250.
Risk down to that next fib around $190, targeting $350~ or so. Great R/R right here
Shopify looks to be in a support area, with lot's of strong fundamental news coming down the pipeline. Provided the greater equity market stays bullish, this should make a run for the $235~ area sometime this summer.
VEN (VECHAIN) Looks like a good candidate for a rebound. Although the overall market is still shaky, I lean bull and believe we bottomed. Assuming that is true we should be coming into a nice bull phase in some of the altcoins. Above the channel support, VEN looks like a good buy.