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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 …
Lithium (LIT) – January 18 ,2024
Posted on January 18, 2024 8 Comments
Last post on LIT: https://atomic-temporary-44460632.wpcomstaging.com/2023/09/16/lithium-lit-etf-sept-16-2023/ Well, look at that, sure looks like we need to get ready to deploy some capital and buy LIT …. it’s been getting hammered pretty good, so wait for a SRC on the weekly. Conservatives (me) can go for a close above 52 and then look to hold into the […]
Banks/Financials – January 7, 20224
Posted on January 7, 2024 Leave a Comment
Last post on Banks/Financials: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/04/banks-financials-december-4-2023/ Update … If you’re a BULL you want these patterns to FAIL. If you’re a BEAR you want them to WORK. Banks/Financials lead us UP and they lead us DOWN. Decision time Banks/Financials … Also, take a look at XLF … completed, not only a Gartley SELL but it also […]
LILLY (LLY) – January 5, 2024
Posted on January 5, 2024 2 Comments
Happy New Year. So many AUMazing things are going to happen this year … get out your tin foil hats. Speaking of tin foil hats, tighten your chinstrap. I’ve shown before how to use the “what we learned in grade school” to use 3 points to create a circle. That is all we are doing […]
Junk Bonds – December 31, 2023
Posted on December 31, 2023 1 Comment
Junk Bonds are extremely important … quite the nice SELL PATTERN has hit or, perhaps, just a little higher. For the equity market (s) to continue higher, this SELL PATTERN needs to fail. Also, notice the “time” component working … it’s been working nicely and, obviously, it’s not precise but it can give us a […]
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