Uncategorized Category

Facebook – strong resistance hit

we have 4 aspects of FB that show the ATH to be significant resistance. two 1.618 extensions, key trend line resistance and a projection from the ATL and while it exceeded .618ab*cd you can see as discussed in this blog it did hit the .68179ab*cd (musical note ratio) so we can see why this level/area […]

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XLK / XLP – still has major resistance just a little higher!

we had a sell off on the ratio a couple weeks ago BUT there was not follow thru and we still have the lingering level just a little higher which is the real test … again, until we have a strong weekly close above this level I’m in the conservative/flat camp as far at the […]

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Dollar Index … here we go and UPDATE

Dollar Index … some big picture considerations.

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SMG – Scott’s

sure looks like we are in a 5th wave …

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TSLA-rocket ship – updated – updated-update-update resolved

12/9 – 5 waves up complete .. is this the 5 or 1 of 5? don’t know and don’t care. expect a pullback from here … lot’s of gaps on the way up so stand by … _______________________________________________ 11/29 – TSLA blew thru the SELL PATTERNS shown below (11/19/20). the way it just took off […]

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Technology – kaboom

watch this ratio as a key to provide support and resistance for technology names …

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the ratio has HUGE support

can’t believe it’s been since mid-april since I posted about the market. at the time, I spied a triangle forming which proved to be wrong and it broke down and the market has continued it’s advance. humbling for sure .. when I was working up the triangle thesis I came up w/ the level that’s […]

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Advanced Micro Devices

AMD has been on a TEAR since 2015. from a wave perspective believe we have a little higher to go for a target of 60-64 and if that is taken out then 77-80. the math of the current high (59.35) is working out so this could be it also … from a wave perspective the […]

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the Crude Oil Complex

charts suggest a near term low in place for crude and a bounce (a bounce only) to be expected …

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