Uncategorized Category
Sometimes you eat the bar and sometimes it eats you …
Posted on October 17, 2021 1 Comment
love that saying from the Big Lebowski … what a great movie. so, here we go folks .. I’ve just ran thru the DJIA, NASDAQ and S&P 500 and ALL have sell patterns. what does that mean? well, nothing … right? it’s all probability … but, that’s what we play, probability …so, we have Gartley […]
Goldman Sachs
Posted on October 17, 2021 Leave a Comment
we had a VERY nice pattern coming in around the 370’s and it’s basically failed. as you can see the high was a 1.27*ab=cd but w/ this strength thru the lower pattern that failed, would WAIT for a daily close below 372 before putting any type of short out there … w/ the strength in […]
FUTU – update to the update
Posted on October 17, 2021 Leave a Comment
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/
LIT ETF for Lithium
Posted on October 11, 2021 Leave a Comment
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 […]
USD vs YEN – VERY key level – NOW
Posted on October 11, 2021 1 Comment
note all the “math” coming into the 114 area being hit .. now. KEY LEVEL weekly look …
MJ – Global Cannabis
Posted on September 28, 2021 Leave a Comment
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 […]
the ratio … interesting to say the least
Posted on September 28, 2021 Leave a Comment
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 … […]
keep an eye out for Palladium in the lower blue blox
Posted on September 28, 2021 1 Comment
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 […]
Palladium and the dead cat?
Posted on September 21, 2021 1 Comment
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 […]
