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NVDA – May 29, 2023
Posted on May 29, 2023 Leave a Comment
NVDA – WOWZA. I have a long term monthly count in my head that has a pullback/pause coming and then continuing higher. Yes, I think this is going higher. However, need it to get thru two things first: Trend Line: note the long term log trend line from the first high 20 years ago the […]
JPM redux – May 24, 2023
Posted on May 24, 2023 2 Comments
Last post on JPM: https://atomic-temporary-44460632.wpcomstaging.com/2023/05/21/jpm-may-21-2023/ Well, folks, the SELL PATTERN on JPM has worked so far and…that’s not good folks. I REALLY DO NOT care what your political affiliation is …in my simple mind you are a HUMAN and I AM connected to YOU. So … this is a hard post. We are on the […]
USO – May 21, 2023
Posted on May 21, 2023 1 Comment
Take a look at USO below … certainly looks like 5 waves down and , every wave was symmetrical and the EXACT same percentage move. Pretty crazy .. that’s why I love LOG charts folks. W/ the 5 waves down complete and the pretty big move afterward would look to be a BUYer w/ a […]
JPM – May 21, 2023
Posted on May 21, 2023 1 Comment
This is a long term monthly count from JPM that stretches back 50+ years. Folks, certainly doesn’t “feel” like a 5 wave move in JPM is complete but the count doesn’t break any rules so … 5 waves complete? Here’s the daily chart below – calling attention to the island reversals and the island reversals […]
Long Bond Futures – May 15, 2023
Posted on May 15, 2023 1 Comment
If your a technician, you can’t help but notice the very long (month ish) consolidation occurring in the bond market. Today’s price action appears to want and break the support that has been around since March 15th. As you can see above, we do some ‘basic’ projections and right when the neckline breaks there is […]
KRE Regional Banks ETF – May 12, 2023
Posted on May 12, 2023 Leave a Comment
Last post on KRE: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/30/kre-regional-banks-etf-april-30-2023/ Supposedly … who knows what is true these days .. 1000’s of banks are underwater. OK … whatever. Here’s when we look at the CHART and we ask should we BUY or SELL or DO NOTHING. KRE sliced thru the first “potential support” and now we approach, what I think, […]
Disney (DIS) – May 11, 2023
Posted on May 11, 2023 1 Comment
Last post on DIS: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/23/disney-dis-january-23-2023/ HUGE support from 62-77 … the .618 is from the all time low, we have the long term trend line from 50+ years ago and the “next” measured move correction (dashed red arrow – remember this is log scale), also take note of the two ABCD projections (orange and yellow) […]
EUR.USD – May 10, 2023
Posted on May 10, 2023 1 Comment
The EURO is smacking against some SERIOUS trendline resistance that goes back to 2000 and 1985 (synthetically). Remember, the Euro wasn’t adopted until January 1, 1999. So, the grey box below is the “synthetic” version of the EURO w/ the Deutschmark and other currencies providing a “continuation” into the time frame of Bretton Woods. Either […]
DJ Transports – May 09, 2023
Posted on May 9, 2023 1 Comment
Last post on the Transports: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/18/dj-transports-january-18-2023/ The thesis on the Transports is the ATH is a “BIG TOP.” Thus far, we haven’t really broken down that hard so only TIME will tell. We like when .382 / .618 retracements are on top of each other and we have that a little lower in the high […]
JPM – May 04, 2023
Posted on May 4, 2023 2 Comments
Pay attention to this PATTERN on JPM daily. The past 3 major tops have gapped down and the last two have created island reversals. IF (the BIG IF) we gap down today and leave and “island” then this could be very troubling for the banks and, historically, has led to a pretty big down move […]
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