Big question now will be if the party ends for $AMD at the $220 level, it's the 1.618 Fib level which is the perfect level to complete Wave 3.....but we are seeing so much strength in the Semi's at the moment....lead by $NVDA, $AMD and $TSM, so it is impossible to rule out this going higher.
<...
2024-03-07 23:08:10 +0000 UTC
View Post
The healthcare sector remains bullish for me.
I really like how long this consolidated since 2021 and has just broken out, very much like the $CP chart I uploaded last night, which I advise everyone to look at.
A retest of the top blue line now between $143 and $141 and this holds, th...
2024-03-07 09:39:14 +0000 UTC
View Post
$TSLA has made a lower low and back to back negative news is flowing out of $TSLA and about Elon, the market also doesn't seem to like all the attention Elon has been getting about his Openai case, which can be seen as a distraction.....I sense there is more at play here, certainly the sector con...
2024-03-07 09:36:16 +0000 UTC
View Post
This is a safe haven but I add the * because of the leveraged position.
We can see that the Mega Caps are clearly struggling now but the $QQQ is still holding relatively well as the Semi sector continues to attract buyers and there is also rotation into other companies in this market...whic...
2024-03-07 09:33:10 +0000 UTC
View Post
I upload $DAL a lot because it is one of my holdings but $JETS is a great ETF for exposure to this sector and we can see that it has been moving very well through our count.
Above all moving averages now and making higher highs and higher lows.
Wave 3 target is not too far away now at...
2024-03-07 09:29:36 +0000 UTC
View Post
$GOOG and $AAPL are in perfect sync right now....both are falling hard and both have lost their 50 and 200 Day MA's now.
$AAPL has lost its 0.38 Fib support but $GOOG has not tested this level at $127 yet.
It may test its 0.38 Fib at the same time $AAPL tests its 0.5 Fib, if both find...
2024-03-07 09:26:30 +0000 UTC
View Post
$AMD moved as expected, $TSM has now done the same....$INTC is showing signs of wanting to break away from our blue line but needs to get above the 50 Day MA at $45.50....a breakout here and this moves as we are projecting.
I can not see how $INTC does not join the party here.
2024-03-07 09:23:21 +0000 UTC
View Post
Gold and this chart are a match made in heaven.
Clean breakout above the $2080 level we were watching closely and has now made a higher high.
A retest of the $2080 level from above and holding will confirm that Gold is now in a new paradigm and its trajectory is moving to the upside t...
2024-03-07 09:21:46 +0000 UTC
View Post
I started a position in $DG when it broke above its 200 Day MA and sold 20% of $AMZN when it started declining and put some of its cash into $DG, this was my hedge against its decline and so far it is working out very well.
We can see clearly on that chart that there is a clean breakout abo...
2024-03-07 09:19:04 +0000 UTC
View Post
We highlighted this ETF at the end of last year because it is moving very positively and in spite of the market uncertainty, it continues to go against the movement of the Mega Caps and has been making higher highs and higher lows.
Price action is comfortably above the 50 and 200 Day MA's t...
2024-03-07 09:16:04 +0000 UTC
View Post
Ran very strong for Wave 3 and pulling back for what I believe to be Wave 4 now and approaching our Wave 4 level now, wait for support to hold before starting a position or adding to your position.
Continues to be above all major moving averages, with a clean breakout above the 200 Day, the...
2024-03-07 09:13:11 +0000 UTC
View Post
I am highlighting this again because it is one of the cleanest charts and breakouts that is on the market right now.
This was mainly brought to my attention because I found a correlation amongst a lot of successful investors, they all had large positions in this stock.
This Wave 4 acc...
2024-03-06 22:50:23 +0000 UTC
View Post
The 3 X leveraged 20 - YR Treasury is up 15% since its hold of support between the 0.5 - 0.618 Fib on the 20th of Feb.
If you feel like you have missed out on this already, do not be too concerned, the real moves start coming in when the 200 Day MA is flipped, right now it is at $59.70 and ...
2024-03-06 22:32:23 +0000 UTC
View Post
$AAPL is leaking heavily and its been excessive, it has already lost its 0.38 Fib level at $170 now and looks on target to reach its October low at $165, failing to hold here and the next test for support will be at the 0.5 Fib at $161.94.....I believe $AAPL will find support between $170 and $16...
2024-03-06 22:25:33 +0000 UTC
View Post
I am like a proud father looking at my golden child perform right now.
$ABNB has not let us down for the last 12 months and continues to move higher but most importantly, continues to behave in strict waves, which makes it easy for us to buy at important levels.
The pull back yesterda...
2024-03-06 22:21:37 +0000 UTC
View Post
Ok so we have two bearish formations here with $AMZN.
The first one is the ascending red triangle, which broke down yesterday, which is why I sold 20% of my $AMZN holding, losing this triangle meant that the 50 MA on the 1hr chart could not be held either.
Today we also go a rejection...
2024-03-06 22:16:07 +0000 UTC
View Post
$TSM was battling to hold onto the $135 level all day and managed to finish the day at $134.97 which can be considered as a hold of support.
PM is up 2.9% now, back to $138.88, so the bulls did their job yesterday.
$AMD also had a comfortable day and nearly finished flat, it is also u...
2024-03-06 09:23:21 +0000 UTC
View Post
Trading View are just showing that $JD missed only slightly on both EPS and revenue but I have yet to see the report. The PM has reacted positively so far as it is up +7.8% as of right now.
In terms of R v R, since the price was so close to the IPO level and the 2019 level, as long as there...
2024-03-06 09:20:29 +0000 UTC
View Post
$YINN is mimicking the HSI exactly now.
Yesterday it got its pull back to the 200 MA for support and managed to hold support on this level at $17.08....it is now bouncing in the PM (+6.5%) as the HSI enjoyed a strong day.
The wild swings like this are due to its leveraged position but...
2024-03-06 09:15:02 +0000 UTC
View Post
$SE continues its surge after having a mixed opening after its earnings report.
It opened and immediately filled its earnings gap above $56 but then left a large gap behind it.....it then proceeded to fill this gap at the opening from its pull back and has continued to take off since....ver...
2024-03-06 09:11:27 +0000 UTC
View Post
Nice recovery from $NIO yesterday, after going -9% down to finish +2.8% up. It is also up now +1.6% in the PM now after the HSI bounced back today too.
I don't normally talk about candles, as we prefer support levels, Fib levels and EWT to confirm our trends but when a candle like this appe...
2024-03-06 09:07:54 +0000 UTC
View Post
Rejection trying to get above the $0.66c trend line, as $BTC and $ETH both pulled back after pushing a lot higher throughout the day.
There was support found then on the 200 MA on the 1hr on the pull back, so we will see if $XRP can make another attempt at breaking through this middle resis...
2024-03-06 09:02:31 +0000 UTC
View Post
Yesterday to start the week we saw a strong pull back when Chinese policy makers announced that their aim for the year would be 5% growth for the economy, a reaction which seemed over the top but the dust settled a bit today and we can see that support was found on the 200 MA on the 1hr chart and...
2024-03-06 08:59:07 +0000 UTC
View Post
Silver is likely to move with Gold, see it as $ETH to $BTC.
There's a lag here but it will catch up as always.
It has not made its move at all yet and the trigger will be breaking out of this wedge at $24.60 and holding.....a hold here and this can bounce to $30 next.....a breakout he...
2024-03-05 20:29:56 +0000 UTC
View Post
Down -2.3% now and broke down from this bearish ascending wedge.
The 50 Day MA is still below at $422 on the previous 0.38 Fib so losing this is the firm confirmation that the market is in a correction here.
For me, unless $NVDA and the Semi guys pull something big out for the remaini...
2024-03-05 20:26:00 +0000 UTC
View Post
Another rejection at the 200 Day MA and 50 Day MA today, I am up 11% here so I am reducing my position by 50% here and going to cash with this allocation.
Cash will be on hand to buy back in later when this gets back above the 200 Day MA.
$PYPL remains undervalued but as I highlighted...
2024-03-05 20:10:50 +0000 UTC
View Post
Another large position of mine, which is also green today and strictly following the dimensions of this ascending triangle.
It has tested the $42.70 level now 3 times, each time pulling back and making a higher low, so it is respecting the formation.
It bodes well to me that this is g...
2024-03-05 20:04:11 +0000 UTC
View Post
I started a position in $DG today because it is a stock we alerted 4 months ago to have the potential of being a safe haven when the market corrects.
Since then it has jumped from $102 to $153 today and continues to move higher in spite of a market wide decline across all sectors.
We ...
2024-03-05 19:59:35 +0000 UTC
View Post
We are starting to see the blood flow from the market now so you should be protecting yourself this week from harsh declines.
$TLT right now is moving against the market and has broken to the upside through the 200 Day MA, so this is in a prime location to preserve your capital right now.&n...
2024-03-05 16:15:36 +0000 UTC
View Post
$SHOP is another casualty thrown to the ABC correction but in line with following the legacy Mega Caps.
Working its way down to the Wave A level at the 0.38 Fib and conveniently the 200 Day MA is there to offer support too, so I expect Wave B to start here.
Again $SHOP is attractive t...
2024-03-05 15:52:56 +0000 UTC
View Post