norok

64:11

norok Wizard

Market update after a sideways week. Let's talk about potential themes for 2023: Artificial Intelligence and the BECKY index.

norok Wizard

Almost every year in the stock market has a "theme" for what sector or idea becomes to latest craze. In late 2020 it was Electric Vehicles, in 2018 it was blockchain, in 2017 it was pot stocks. Something going on in the culture primes traders' minds for this "thing" to be the hot item to invest in. Much Kool-Aid is drank as the trend progresses and any stock...

norok Wizard Updated 

This morning, the first trading day of 2023, I ran my S&P 500 spike scan like every morning. The spikes were skewed heavily to the bearish side with 99 Bearish Spikes and only 1 Bullish Spike. That spike was HSIC NASDAQ:HSIC . I like the context of this price action happening at the 50% Retracement of the bear move from the All Time High down to the October...

norok Wizard Updated 

BITSTAMP:ETHUSD fired off a spike signal on the 2 Hour timeframe (see below for trading timeframe). The context is that price is now back at the pre-FTX collapse high of November 5th, 2022. This is a key resistance and a price volatility spike at this level is significant and worth playing a short pullback from the January 2023 trend.

60:38

norok Wizard

Did EVERYTHING hit a top this week? Have we seen the end of the opening 2023 rally? Tesla, Bitcoin, Ethereum, S&P 500 have all come off key Resistance levels.

13:20

norok Wizard

This video is my strategic analysis for when I will be looking to buy my next real estate investment property. I use the Cash-Shiller Index, CPI, and charting techniques of mean reversion to create indicators I will follow in the years ahead as real estate trends downward following the rise in mortgage rates and fall in home prices.

93:45

norok Wizard

This week: another rate hike and super strong jobs data to close off a bullish January. Has the market reached a point of maximum elation?

92:00

norok Wizard

JPow is back again for another monthly market moving money printer speed measuring!

62:54

norok Wizard

Big win for Elon but will inverse Cramer kill the momentum? Bitcoin topping out at a major high. January is almost over... what does that mean for 2023?

09:55

norok Wizard

Bitcoin breaks resistance from the trend it started last week! Stock market recovers from a dip! Has the bull market begun again?

norok Wizard Updated 

With the close the UTC Time Daily bar Bitcoin BITSTAMP:BTCUSD has officially entered a bullish trend. The current price has closed above the 50% Retracement from the FTX collapse dip. What defines this signal is when price closes above the Daily Ichimoku cloud while the Lagging Span (Momentum/Chikou) is also outside the cloud. This is the first time since...

norok Wizard

I carved out a win today on NYSE:PSA to start a trend off the Weekly 50% Level. This has a chance to run based on the technical setup as well as a possible secular bull trend if one believes people will need to store their stuff into a housing crunch. The initial trade began on a 30 minute timeframe spike (which unfortunately was not caught on Tradingview...

73:10

norok Wizard

Bitcoin Bulls Are Back! Bitcoin has made a move not seen since March of 2022! The CPI print this month setup a major signal in stocks. What is going to be the best trade of 2023? Let's talk after the Friday closing bell!

17:57

norok Wizard

What is the big trade for 2023? I think it is going to be BONDS. This is my thesis on going long NASDAQ:TLT to start 2023. I walk through the reason that when yields go up, bond values go down (as did TLT) and why I think that TLT is likely to go back up over the course of this 2023 and beyond.

76:38

norok Wizard

Did you make any New Year's #Trading Resolutions? Have you already broken them? In this week's Livestream, the first of 2023, we'll go through my picks for the year and I want to hear yours!

norok Wizard

I sold off some of my long term LMT holdings last week before EOY to capture some capital gains. LMT was a big winner of 2022 up over 37% and price was stalling at the All Time High. This morning I received an alert for an opening price spike that created a critical low at 469.35. This is not a spike I would take as a reversal to go long. Rather, I am watching...

norok Wizard

As I mentioned in my 2022 EOY letter... with actual meaningful interest rates now a thing bonds can return yield. While bonds issued in the last decade (or two) are getting hammered in value as higher rate bonds are being issued presently. I think the market is pricing all of this in and if we do get a tapering of rate increases we will see bond values increase....

norok Wizard

What’s up traders! As we close out 2022 I wanted to continue my tradition for the second year with a letter to subscribers. In this letter I want to look back on my 2022 speculations to see what I got wrong, what I got right, and what fell down the middle. I will recap the themes of the year and present my outlook and speculation for 2023 to come. Thank you...