$MSFT has not moved in over a month now and it has been the silent giant in the room.
It is not breaking down or moving higher and holding onto the 2.618 Fib.....I suspect earnings at the end...
2024-04-14 19:07:41 +0000 UTC View Post
$GOOG is the only Mega Cap now moving against the crowd which I do not believe is sustainable.
I have highlighted the white circle in Sept-Nov 2023 where the corrective wave made a higher hig...
2024-04-14 19:02:50 +0000 UTC View Post
$INTC was uploaded during the week to highlight the negative catalyst from China, which said that Telecom carriers should phase out foreign chips such as $INTC and $AMD.
I believe $INTC took ...
2024-04-14 18:53:18 +0000 UTC View Post
$F got dragged down with the cyclicals this week but managed the hold above the 50 Day MA and comfortably above the 200 Day MA too.
Back into the bullish channel to ride this uncertain wave i...
2024-04-14 18:49:19 +0000 UTC View Post
$DIS also falls into the camp of - no changes - this week, as we have already concluded that Wave 5 is complete and this is into Wave A....in spite of not losing the 50 Day MA just yet. But the imp...
2024-04-14 18:46:35 +0000 UTC View Post
I want to focus on the big movers this weekend and very little has changed here from $COST this week.
I believe this is comfortably in Wave A now and although it is a very strong and reliable...
2024-04-14 18:44:23 +0000 UTC View Post
Ok big drop from $BTC the moment Iran declared that they had sent drones towards Israel and unfortunately when an asset like this is trading 24/7 it takes the brunt of any global volatility immedia...
2024-04-14 18:41:59 +0000 UTC View Post
$BABA continues to stay tight within this range between $77 and $71 and traders must be really enjoying trading this up and down.
$BABA was less than a 1% jump away from testing the channel b...
2024-04-14 18:24:12 +0000 UTC View Post
It is worth showing the larger picture here for $AMD and show where this structure began at the end of 2021.
We can clearly see the Cup and Handle formation and our Wave 4 level now is testin...
2024-04-14 18:19:38 +0000 UTC View Post
Cyclicals and every other sector bare bonds did not escape the red sea this week as there was back to back concerning catalysts hitting the market from every angle.
High CPI, troubling earnin...
2024-04-14 18:15:13 +0000 UTC View Post
$AMZN eventually hit its $188 target this week after an outstanding push from the Bulls. This means that all Mega Caps and the $SPY and $QQQ have all reached new highs over the last 12 months.
<... 2024-04-14 18:11:58 +0000 UTC View Post
As always we start with the market leader and right now, it is showing why it has been the long standing leader for the last 20 years in the market. It is weeks, if not months ahead of the market a...
2024-04-14 18:08:01 +0000 UTC View Post
First of all, thank you to all who contributed and took part in the Opinion Poll, it has given me some great insights into what is working and what can be improved.
Few obs...
2024-04-13 13:17:17 +0000 UTC View Post
I am an Airbus man so it gives me some pleasure to see Airbus beating Boeing in the market but make no mistake....this pull back for $BA is not a long term problem....there are really only two majo...
2024-04-12 20:20:41 +0000 UTC View Post
$MELI, $SHOP and $AAPL have been model charts for us.
All hit Wave 5 and without much of a fight, they proceeded to Wave A in a controlled manner.
$SHOP has nearly hit its 200 Day MA an...
2024-04-12 20:12:29 +0000 UTC View Post
$NVDA is going to play a very important role on the markets direction next.
It's market cap is above $2.2 Trillion now, making it bigger than $AMZN and many of the other MEGA Caps and it has ...
2024-04-12 20:08:35 +0000 UTC View Post
There were a lot of charts this year we were waiting for a pull back and many believed they would never come and all of sudden this week they all come together.
Lets remember that after every...
2024-04-12 20:04:14 +0000 UTC View Post
$CLSK has remarkably held the triangle and the Wave 4 level all week and today, in spite of a large flush to Cryptos and miners today.
The green line at $13.70 is the invalidation line for Wa...
2024-04-12 20:00:33 +0000 UTC View Post
All Top 20 charts will be uploaded on Sunday evening and we'll thoroughly go through the events of this week, so ill finish up this Friday with some regular stocks outside of the Top 20.
$DAL...
2024-04-12 19:56:45 +0000 UTC View Post
$JPM is pulling back hard today after reporting earnings and down -5.5% but we can see on the chart that this was a rejection at the 1.618 Fib for Wave 3 and pulling back for Wave 4 now.
We c...
2024-04-12 15:56:54 +0000 UTC View Post
$AFRM is in a very tight descending wedge and holding on the 0.5 fib at $32 for Wave 4.
It has a small bit of room to move lower to the 0.618 Fib at $28 to hold and still be valid for Wave 4....
2024-04-12 15:29:52 +0000 UTC View Post
I am monitoring what is happening in the middle east very closely and it is likely the reason for Oil stocks and $PLTR to be rising today.
Second bounce in the buy zone here and the price has...
2024-04-12 14:27:50 +0000 UTC View Post
$UNH has lost a critical support level today on the blue line, a support level that was held 6 times since the start of 2022.
I believe this is still Wave 4 and a hold on the 0.38 Fib at $417...
2024-04-12 14:03:41 +0000 UTC View Post
$ADA is now on my watchlist to buy and a high priority as it slowly drifting down the 0.5 Fib at $0.51....price action and the 200 Day MA look like they will both be meeting each other at this leve...
2024-04-12 13:52:03 +0000 UTC View Post
$AMD is down -4.5% today after China instructed Tech companies in China not to use chips from $AMD and $INTC, this is a further escalation and a retaliation to the US embargo on some of their $NVDA...
2024-04-12 13:49:44 +0000 UTC View Post
As a reminder, I have a position in $HAL because the chart is looking primed for a test of the blue line again at $44 and I like this set up, also they have strong fundamentals
If this ...
2024-04-12 13:45:16 +0000 UTC View Post
Mean Reversion zone added here.
$TLT Bonds in terms of Risk v Reward favour the reward side here.
Monthly RSI is showing a bullish trend too.
20% jump to return to the Mean Revers...
2024-04-12 10:14:45 +0000 UTC View Post
$XBI rejected at the middle blue line which was a support level from 2020 but the price had run from $63 to $102, so a pull back was well overdue.....and this also gives holders an opportunity to a...
2024-04-12 09:59:18 +0000 UTC View Post
Price action hit exactly on the 0.618 Fib yesterday and held and finished back in the descending wedge.
This is the level we want to see hold now.
Bonds have historically been the go to...
2024-04-12 09:46:03 +0000 UTC View Post
$COPX is up +2% in the PM now which brings the price action exactly to the breakout level, which was the previous high back at the start of 2021 and 2022.
So a breakout and hold above $47.25 ...
2024-04-12 09:39:00 +0000 UTC View Post