dpuleo19

dpuleo19

The leader of the industry right now is NASDAQ:MDB , but those not have any exposure to the #crypto market. MicroStrategy provides enterprise-ready analytics, mobility and security software platforms for various industries. Historically, NASDAQ:MSTR has outperformed AMEX:BITQ , I chose this ETF as a proxy of its peers as is better balanced than...

dpuleo19 Updated 

This is positive behavior for #crypto, but still is underperforming the SP:SPX Maybe, as the stock index may be extended, some money could get out of stocks and find its way to INDEX:BTCUSD This is just speculation, but the bullish divergence with its ROC is a fact. I'll wait for the formation of pattern to evaluate an entry.

dpuleo19 Updated 

Technology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up. The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is. Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ). With higher lows and higher highs since June of 2022, Rockwell...

dpuleo19

BITSTAMP:BTCUSD is showing a bullish divergence with its ROC. This may indicate a bullish move toward the $30,000 resistance level. Inside the cup, there is a low cheat pattern with pivot at $28,500 which could be a good first entry. Still, the crypto space hasn't been showing much strength relative to the the stock market. So why own it? At least not for...

dpuleo19 Updated 

Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery. After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum. This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG. Even if breaks above...

dpuleo19

This probably is not a good sign for the SP:SPX , as these assets are highly correlated (0.88) and normally AMEX:CPER leads the business cycle. Also, the TVC:VIX is back above 20 and NASDAQ:TLT hasn't resume its downtrend. Even the dollar AMEX:UUP is showing strength again. I'm 87% in cash and also have tighten all my stops. Let's wait and see if the...

dpuleo19 Updated 

Inspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea. Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like. Today is forming a daily shark patter with a pivot buy at $278.10. The follow through would be a breakout above...

dpuleo19 Updated 

The price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50. The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action. Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit. You can see that I was stopped out on MARCH 2022, can you imagine...

dpuleo19 Updated 

After a double-bottom, the stock price pulled back to support and now is breaking out and getting near its IPO price. The OBV is already above its IPO levels and the MACD keeps trending higher. Also, AMEX:XLK is the leading sector, this should help NYSE:IOT price action. I entered 1/3 of the position as the market still needs more work to get...

dpuleo19

The 20-year bonds ETF is near a key breakout level that should confirm a new uptrend in bonds. This should be followed by a breakout above 4,100 in the SP:SPX . Just look a the bullish divergence between the MACD and the price of NASDAQ:TLT , its a very good signal. Let's wait for the breakout and follow through.

dpuleo19 Updated 

RS ratio and OBV already broke out and are near highs. I added today for the CMT Investment Challenge in anticipation of the breakout above $280. If it breaks that resistence level I'll buy for my personal portfolio.

dpuleo19

You can argue that there are several stocks that are working. I profited on two stocks this month but weren't big profits. Some say that is still a bear market, others that is already a bull market as the NASDAQ:IXIC already rallied 20% from its low. I will just say that is an unhealthy market. This -8% drop in the CBOE:SPX wasn't a normal correction. Just...

dpuleo19

After the bottom in May of 2022, the price gapped up and broke through its resistance in $550. Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold. I don't like to hold positions that aren't going anywhere even if...

dpuleo19

AMEX:JNK is an ETF that tracks rated high-yield bonds or "junk bonds". These are the bonds rated Ba1 & BB+ by Moody's Investors Service, Inc., & Fitch Inc. respectively. The bullish divergence with the ROC is pointing out that a bottom is near. Bonds bottoming is a good sign for the market and breakout to the upside should confirm a healthy uptrend for...

dpuleo19

Whenever I find two stocks acting well I always want to buy the best but, how to know this? Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors. So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other. In this case NYSE:STM is being buyed more aggressively...

dpuleo19

Immunocore Holdings is a commercial-stage T cell receptor biotechnology company working to develop and commercialize transformative medicines for oncology, infectious diseases and autoimmune and inflammation diseases. In a confirmed uptrend, yesterday signaled a good pivot buy where I placed an initial position. I liked the volatility contraction pattern and...

dpuleo19

NASDAQ:IBKR may be one of the leaders of this sector. Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%. The $80 level is key and the price has formed a shark pattern near it. As the stock is in an uptrend, I'll wait for the...

dpuleo19 Updated 

Metals have been performing pretty good, AMEX:DBB is up +21% in the last 6 months and above its 200-day MA The copper ETF, AMEX:CPER is up +12% in the last month and breaking out from resistance. Could AMEX:SLV follow up? and after silver could AMEX:IAU ? I'll wait for the breakout above $22.50 with target at $26.