After a +20% gain in the first quarter of the year, AMEX:DBA formed a 30-week base respecting the 2022 highs Price resolver higher confirming the continuation of the uptrend making 52-week highs This week has been very bad for the equity indexes, but AMEX:DBA is making 3 month highs relative to the SP:SPX The best thing to do in this kind of market...
Since the Financial Crisis from 2007 the OANDA:EURUSD has been making lower highs and lower lows Last week closed at 52-week lows breaking below support, and the next support zone is around 0,97; that is a -7% fall
Oil futures NYMEX:CL1! are forming a weekly reversal pattern at support levels Gas futures NYMEX:NG1! already made the same pattern and rebounded strongly and is now making 6-month highs The US energy sector AMEX:XLE is already discounting that a rebound in oil will happen, as it is near all time highs
Semtech Corp designs analog and mixed-signal ICs used in mobile phones, computers, telecom networks The price is near 52-week highs 2 years after it gapped down for a -27% loss Is showing volatility contraction as is forming a big cup & handle with pivot buy around $49 The relative strength ratio with NASDAQ:SMH is also near breaking out and the IBD RS rating...
The price is breaking out its downward trend line while above support zone between 60k-65k The RSI is confirming price action as it has rebound from 40 and is back at the bullish zone, just as it did back in september of 2023 Lets see if CRYPTOCAP:BTC still has legs and makes a new high above 72k to all-time-highs
Historically, the DMI cross has helped confirmed a change in the trend CRYPTOCAP:BTC has been forming a 8-month base at resistance levels The -DM has been above the +DM for 8 weeks Still price is king, let's see if the digital gold can catch up with the fisical gold AMEX:GLD
US Infrastrucutre AMEX:IFRA has been leading the global industry NASDAQ:IGF since it peaked in April of 2022 But, since this august global diversification has been outperforming american companies Sometimes is good to look outside the US market
Clearwater Analytics provides SaaS solutions for investment data aggregation, accounting, analytics, and reporting services The 3-month highs and 6-month highs list is full of financials with some software, and NYSE:CWAN is making 52-week highs Is the #1 in the IBD industry rank with a 91 relative strength rating, clearly a market leader and is only making its...
The Nasdaq semis NASDAQ:FTXL is forming a head & shoulders top pattern and the Nasdaq NASDAQ:IXIC is forming a cup & handle Is key that the Nasdaq respects this support area where it converges with its 200-day MA The semis weight +8% in the index so is a very important component Are you betting against this?
Well history says yes, as it has happened before History also says that the times it happened it lasted for 10 to 16 months, and this time it has lasted for 11 months The key here is that normally, when the $XLY/ AMEX:XLP ratio goes up then the SP:SPX goes up too, but this does not mean that the SP:SPX cannot continue its uptrend without the other going...
Is easy to see that the $20 zone is key for sugar, the price broke below it in April and it has not been able to come back above The price has dropped more than 36% since it peaked in November of 2023 and this week just made a new 52-week low The next key level is at $17.50, the daily chart already gave a sell or short signal A follow through below this level...
The market started to rotate in early July to more conservative sectors and AMEX:DBA is showing that agricultural commodities have been outperforming stocks. The ratio SP:SPX / AMEX:DBA made a lower high starting August and then just days later broke a key support level. Then the AMEX:DBA broke above a downward trendline. Is this the start of new trend?...
Jackson Financial offers retirement planning and annuity products, helping clients protect their retirement savings and income After an attempt back in 2022, I got stopped out and took a small loss If I hadn't taken that loss I would have had dead money for almost 2 years! Right now, NYSE:JXN is breaking out of a 9-week base after a weekly outside bar, so...
Quantum-Si NASDAQ:QSI , develops access to the proteome with single-molecule analysis and democratizing to researchers & clinicians Also, "is the world’s first-to-market provider of protein sequencing instruments with core technology based on proprietary time-domain sequencing that enables resolution of amino acids during experiments".- Ark Invest The stock is...
Provides online manufacturing services which enable manufactured custom parts to be sold via xometry.com NASDAQ:XMTR is forming a base just after it broke out a polarity zone around $30 The AMEX:XLI is making new highs along with AMEX:XLK and AMEX:XLC but the leaders are showing signs of exhaustion and some rotation to small cap might be underway The ...
Cloudflare develops software for firewall, routing, traffic optimization, load balancing, and other network services IS ranked #1 in its industry by IDB and has a IBD relative strength rating of 94. research.investors.com NYSE:NET is looking very good, it just gapped up after a flag patter and is on its way to new highs A close above $87.75 would be my...
The approval of the Bitcoin ETF has been already priced in So, if you add the ETF approval with the bearish divergence with the ROC and a throwback is very likely This could be a good opportunity for those who didn't buy this rally as the trend is still up The key support zone is $40,000, I would not buy below this price.
Low volatility is good for the market, but extreme low volatility is not As you can see, a lot of times where the TVC:VIX crossed 12 from below it signaled a correction within a bull market And is not just the VIX, there are other breath indicators that are converging at levels that usually signal correction I normally track the % of SPX stocks above their...