ep7

ep7 Updated 

Appears we've had an accelerated move to the low $40's already. Was expecting this by x-mas. Now expecting a move to $50 by election day. There is some uncertainty who will win, but a push to the 88.6% fib is highly probable. Depending on who wins, we will see a push to between $54-62 range, or a temporary retrace. Feds have cleared the way for more rate...

ep7 Updated 

Expectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection. The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the...

ep7

Geology (and geological ideas) functions at a glacial pace. This is clearly reflected in the mining sector and most mining stocks, especially on the TSX. PAAS (aka. "silver") is no different. Long term, it has touched its multi-decade highs now 3 times since it went public. Fourth time the supply area probably won't hold and we'll go through it, albeit it will...

ep7

Appears PLTR has decisively broken out of the channel to the upside over the past few days. I expect a pullback (~$29) to retest the channel then, with the imminent rate cut from the Fed, for this stock to continue its rally. It has basically been basing since inception in Sept 2020. WEEKLY chart below shows the long basing cycle: Create a high, retest the...

ep7

Trend not broken. Trend is still upwards. With the Fed basically guaranteeing interest rate cuts to start shortly the Russell2000 is ready to explode upwards. Expecting to retest local highs in the mid $40's by year-end. And if the economy views this rate cutting action as long term stability for the markets, then we can see significant returns in the small...

ep7

Monthly chart showing a retest of the Aug 2010 lows where the main rally started from. Appears to be strong demand (buyers) at this level. Will most likely hold, as this is only the second retest. Good area for some accumulation if you believe INTC has a future with their own foundry. Will probably take 2 years to reap the benefits and fill the massive gap...

ep7

Weekly chart shows uptrend for the long term investor. Next stop is $32-38 where we should expect some resistance or a pause/consolidation there.