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FUTU – update to the update

looks like a nice clean break and failure at the AB=CD on FUTU. next stop sure looks to be right around 50 … last post on FUTU: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/12/futu-updated-target/

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LIT ETF for Lithium

most people think “equities” and that’s it … there are many asset classes that are just starting multi year (decade (?)) runs …so while stocks are correcting and seem to be pretty stretched taking a look at the current environment and just looking at the news we can see their is a BIG battery shortage […]

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USD vs YEN – VERY key level – NOW

note all the “math” coming into the 114 area being hit .. now. KEY LEVEL weekly look …

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MJ – Global Cannabis

I’m a Cannabis BULL and out of my portfolio, right now (knock on wood) the only thing losing money is MJ … so we “survived” by hitting the .786 from the all time low and bounced and now (intraday) we are setting up for a BUY pattern in/around 14.40-14.50 BUT, folks, this one looks like […]

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the ratio … interesting to say the least

as you all know, I watch the XLP/NYSE Index ratio for key inflection points .. when the ratio goes UP then “staples” (think risk off) have more relative strength and when the ratio goes DOWN then the overall market (think risk on) is stronger from a relative strength perspective with the recent market action … […]

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keep an eye out for Palladium in the lower blue blox

last post on palladium: https://atomic-temporary-44460632.wpcomstaging.com/2021/09/21/palladium-and-the-dead-cat/ note, Palladium did not take out the low from a couple days ago BUT sure does look like a dead cat bounce . that being said, corrective forms are usually 3 waves so perhaps we go up again to finish off the correction or we just dump lower from here […]

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Palladium and the dead cat?

last post on Palladium: https://atomic-temporary-44460632.wpcomstaging.com/2021/08/22/important-correlation/ think about it … went to a long term Palladium chart and was able to calculate the low of 80 ish in Jan 1991 (yeah, 30 years ago) and then figured it was close based on the sell off .. well we hit it and YAWN HO HUM I would […]

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Global DOW update ..

last post on the Global Dow ($GDOW) here: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/15/global-dow-target-hit/ well, just went to check on the GDOW and it’s STILL at our target area hanging out waiting to go UP or waiting to go DOWN. 50/50 bet folks …

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MSFT in outer space … !

a long term position on MSFT was closed earlier this year around 220, it was a good ride. and, frankly, I had forgotten about MSFT ever since but when I was working on the NASDAQ chart I saw how strong it was so curiosity had killed the cat and I took a peak at MSFT. […]

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