Oil has taken a beating but if we back out to the XOM daily chart, it's just triggered an automatic re-entry for those brave enough to bet that the price of oil isn't going to $30/barrel anytime soon.
EXR is likely on it's way into the $120s if it passes the neighboring low. You already would have been able to get into the trade 3x and now have 6 lots left risk free for a run to the final d-target. Smashing through $124.84 would indicate more weakness ahead for the REIT.
Macy's tapped the midpoint. A return to $15.14 would setup a reliable auto-buy for round two. Sell 2 lots at the mid-point again. The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
SBUX gave the perfect automatic re-entry after tagging the mid-point pivot and returning to our original entry. Following the rules and reloading would have already ensured you now have your full investment lots, risk free. With no downside other than a $0 gain potential it's a good chance SBUX goes for it's $118.74 target. Based on how it pivoted down straight...
EMX, a tiny new gold royalty company should be on its way to $2.23. Triggering the final d-target of the hourly chart would also set off the an entry on a much larger chart bound for $2.87.
After ALMOST getting to the d-target around Mar/Apr AMD backed all the way down to the re-entry trigger at $83.15. A successful reentry at this point would have allowed you to already exit 1/2 of the position, leaving your with a risk free attempt at $104.80. Our strategy here would be to sell the next 1/2 at $97.58, locking in your profits. This will allow 1/4...
KRO went blazing through the midpoint which gives it a good chance at $9.03. A pull back to $8.71 would be a good reentry point.
Vitesse slowly worked its way through the mid-point. A pullback to $23.35 would be a good reentry attempt.
Reentry attempt at $31.48. I'm currently playing charts on the 5D size and reassessing them as each day passes to make sure I'm seeing if the trend turns. Since USB turned fairly tightly from the mid-point a good short could be tried at $32.93 with a tight stop.
KMI is playing around the entry point at $16.75. If you're thinking energy is going to keep it's upward momentum it's a place to get long to $16.91 to give you a completely free chance at $17.24 and beyond later.
DUK is playing around the entry point for a while, but is giving us a fairly good looking rising flag look.
Banking crisis? Or should we get long? VIRT took out the midpoint and returned to the reentry point. It's giving us a chance to get long if we believe banking will keep it's small recovery going.
VLO tapped the midpoint at $110.01 and hit the perfect reentry at $109.04. If it gets another good chance to get long we'll take it. If not, because it hit right off the midpoint perfectly if it gets to the final target we'll get short with a tight stop too see what kind of reversal we can get at $111.96.
A fall to $20.33 would give us a good reentry attempt. Since it has a fairly tight turn at the midpoint for now getting short at $20.80 might work. If it continues through the midpoint in the next day without giving us a chance at a reentry getting short isn't advised.
IRM finally went through the midpoint pivot target. A return to $54.77 would give us a reasonable reentry attempt.
Apple has continued to climb easily passing the midpoint pivot giving it a meaningful chance at achieving $177.11. A pull back to $152.20 would trigger a reliable re-entry point. However use caution as earnings season is always preposterous and unpredictable. A short at $177.11 could be attempted with a very tight stop. A blow through of the d-target would...
I'm publishing this after the entry has already been triggered but it would be in the hopes of a re-entry if it drops back to $5.32 after hitting the mid-point target and you sell half your 4 lots. The chart shown is on the 1D scale that I used to enter the larger chart that had triggered at $4.93. It is entirely possible that this is the gold market and...
RTX hit and triggered an automatic entry at $99.08. Getting in now would give you even more buffer and a tighter stop-loss. Entry: 97.34 Stop: 93.34 Risk on 10 lots: 40 Entry 97.34 Limit: 104.82 Gain on 10 lots: 74.80 Gain on 5 lots: 37.40