tomthetrader1

tomthetrader1

This is a comparison to the bear market decline of 1969 - 1970. It lasted 11 months, and share commonality to today's chart and general market environment. In 1969 inflation and rising interest rates were topics then as they are now. I wrote more detail on my substack.

tomthetrader1

I will break my crypto v-card if this happens

tomthetrader1

Wave count proposing Compass Pathways to run into 70+ -- very possible considering low float. Wave 1: Impulse Pattern Wave 2: Running Flat Wave 3 target 1.618 extension of Wave 1

tomthetrader1

The Psychology of a Market Cycle plotted against the S&P500 March Rally. Agree/Disagree? Share your thoughts

tomthetrader1

Outlook for S&P 500 SPY ETF

tomthetrader1

Proposed Wave 5 will take price to 2150 to 2250 above previous highs into the end of 2020

tomthetrader1

Considering the Thursday/Friday price action as an impulse wave to the downside

tomthetrader1

Annotation in the chart.

tomthetrader1

Earnings After Hours Wednesday

tomthetrader1

Head & Shoulders Pattern Detected

tomthetrader1

This has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black...

tomthetrader1

Proposed Entry 0.61 - 0.65 First Target 0.71 (+15.7%) Proposed Stop 0.60 (-6.6%) 2.4 : 1 Reward to Risk Ratio

tomthetrader1

Proposed Entry 1.22 - 1.27 First Target 1.44 (+18%) Proposed Stop 1.17 (-4.3%) 4.2 : 1 Reward to Risk Ratio

tomthetrader1 Updated 

TLDR: What a time to be alive. These types of moves create a significant transfer of wealth, for the long's this has been a multi-year battle from $175 - $350 and now in a span just longer than a full month we're at $537.92 at market close January 14, 2019 This type of price action extends beyond fundamentals, and at this point is primarily dictated by human...

tomthetrader1 Updated 

I have maintained a long thesis on 48North Cannabis Corporation since October 2018, and the trade worked wonderfully into March of last year. However, 48North pulled back alongside the entire cannabis sector, and rightfully so on some of their own missteps. As a brief introduction, I believe 48North's competitive advantage stems from their outdoor grow operation,...

tomthetrader1

Significant volume up tick on the daily chart. The pullback is now clean resulting from a follow through candle breaching the 0.618 fib- however I'm giving it the benefit of the doubt only because the increase in relative volume is significant. Watching for a 5 wave structure to take price action into 0.11

tomthetrader1

I'm a big fan of weekly time frame analysis, the larger time frame offers in my opinion greater strength behind any pattern- bearish or bull. I'm watching for an inverse head and shoulders to form, with the near term 7.35 resistance converting into support and offering a leg up into 9.10 A break of the 9.10 neckline will offer further upside, however I do not...

tomthetrader1

Trend break on volume, impulse wave formation with a retracement right into the 0.50 fib