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TLT – February 2, 2024
Posted on February 5, 2024 1 Comment
For now, I see this as an A-B-C correction w/ a move down occurring which should be BOUGHT to take up into the mid 100’s – for now. I say for now because I’m a little “stung” (not that bad but just “stunned” ) I didn’t see the size of the rally in equities. I […]
THIS is important – February 4, 2024
Posted on February 4, 2024 1 Comment
Banks lead us UP and Banks lead us down. https://www.cnn.com/2024/01/26/investing/premarket-stocks-trading-regional-banks/index.html True, we have ‘some’ indexes making new highs but we also have some well below there highs in 2023. Market appears fractured … Until Junk Bonds and the Financials really break out … I’m very cautious. According to EWT and the WSJ of the 11 […]
IBM – January 30, 2024
Posted on January 30, 2024 Leave a Comment
Last posts on IBM: Taking some off the table w/ IBM. Let the rest run w a stop below 174 on a daily close. Polarity – support is resistance and resistance is support. Certainly looks like a run to new highs …
Apple (AAPL) – January 28, 2024
Posted on January 28, 2024 1 Comment
Last post on AAPL: https://atomic-temporary-44460632.wpcomstaging.com/2023/09/12/apple-aapl-september-12-2023/ Well, looks like the “top of the circle” strikes again … I’ve been watching AAPL at a distance, not really paying attention to the company even though I have an Iphone and they know everything about me … more on that later, if you want. (?) But, took a look […]
AVGO Broadcom – January 28, 2024
Posted on January 28, 2024 2 Comments
Last post on AVGO: https://atomic-temporary-44460632.wpcomstaging.com/2024/01/22/avgo-broadcom-january-22-2024/ Top of the circle – hit. Remember, we have a rocketship here so PATIENCE will be and is KEY!
S&P 500 CASH – January 28, 2024
Posted on January 28, 2024 Leave a Comment
On the daily chart, below, we can clearly see 5 waves up completing … guess the questions is as follows: Is this a BIG 5th wave completing OR is it the first wave of 5 waves? Nobody really every knows.
AVGO Broadcom – January 22, 2024
Posted on January 22, 2024 1 Comment
WAIT for weekly signal reversal candles before attempting to short … she’s parabolic and Scotty is “giving her all she’s got Captain …!”
XLK / XLP – January 21, 2024
Posted on January 21, 2024 Leave a Comment
In the chart above, one can see the “blue measured moves” have been important price moves and, from a percentage perspective, EVERY move UP in the ratio has met resistance after the “blue measured move” has completed. Remember, this is LOG scale so 1/ the measured moves are percentage moves and 2/ the corrections might […]
NASDAQ 100 – January 21, 2024
Posted on January 21, 2024 Leave a Comment
I’m still looking/watching for the Bank Sell Patterns to FAIL to get on board for the breakout to new highs. I’m suspect at this point … the JNK bonds haven’t broken thru the ABCD, either. The Russell is a dog … Who knows, something just doesn’t feel right about this move …
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