$F had a negative week as it continues down this trend after getting rejected at the 200 Day MA and we are very close to the bottom of the wedge trend line now, this should be the next test for $F. $F is a cyclical stock, meaning it moves with eco...
2023-05-01 04:44:49 +0000 UTC View Post
Some aggressive moves here lately and the RSI is having a difficult time deciding on its trend, however our count continues to stay valid, in spite of a large whale sell off during the week. Likely more unsettling movement to come as the market de...
2023-05-01 04:01:20 +0000 UTC View Post
We expected a pull back here and for support to be held at the 1 Fib, it dipped $1 below and then bounced very well, so this has been following our count very well here. As long as this stays above the blue line then we should see a move up to $10...
2023-05-01 03:53:02 +0000 UTC View Post
This will be the big earnings report this week and for all of the earnings season, it carries the most weight in the S&P 500 and can influence the market. Earnings report is due on Thursday after the market closes.
On Friday, we saw the ...
2023-05-01 03:45:49 +0000 UTC View Post
We are still working our way through this structure, likely bringing us to the earnings report which is due on Tues the 9th. Bull flag forming here, which can still bring us down to the 0.618 Fib, bear case and buy zone if it rejects at the top tr...
2023-04-29 21:45:56 +0000 UTC View Post
A mixed reaction when they reported earnings, on paper it is a beat but in the detail, revenue is down -36%, so it opened down but recovered very well during the earnings call....the opposite to what happened with $INTC. $INTC is in the right indu...
2023-04-29 21:35:52 +0000 UTC View Post
The bulls did not step in this week, they lost the 200 Day, the 50 Day MA, the important $8 level, the vital Fib levels and now following our 5 waves down in amber count perfectly well.
They should be doing better, considering their market a...
2023-04-29 20:43:30 +0000 UTC View Post
$AMZN did not get the fan fare and big moves this week compared to the other big tech stocks, the CFO was very honest in the earnings call and said that AWS growth was slowing down, after recording exceptional growth numbers over the last few year...
2023-04-29 20:31:03 +0000 UTC View Post
I wanted to try and update non Top 20 list charts today as I'll be focusing on this list over the weekend, following an eventful earnings week. But I like to update $NIO on a Friday evening so there are no concerns over the weekend.
Again, n...
2023-04-28 20:11:43 +0000 UTC View Post
Continues to follow the impulse count in green and showing good signs of holding above the yellow line into the bull case. Earnings are out next Thursday, so the market is showing optimism leading into the earnings week. So far the structure looks...
2023-04-28 20:03:26 +0000 UTC View Post
Be mindful of the bounce here folks, its holding above the blue line which is positive but let's see if it can go above the Wave 2 in red point, if it can, it is into the bull case but a rejection where I have shown, means it is coming down in 5 w...
2023-04-28 19:59:24 +0000 UTC View Post
$BAX has been amazing here since hitting our Wave 5 at $37, it comfortably found support above the blue line and has continued to move up, at some point we will be expecting a pull back when Wave 1 is complete, so for now, it is following our traj...
2023-04-28 19:56:05 +0000 UTC View Post
Bounced to the 0.618 Fib level exactly today and rejected, it is likely moving through the subwaves of wave 3 here to complete wave 5....a lot in that but the trend remains the same. I expect to see a flush here where it moves down through the rem...
2023-04-28 19:53:20 +0000 UTC View Post
Has stopped exactly on the blue line which is the 0.618 Fib level and has bounced up to the 0.5 Fib, it is not out of the water yet but it is at least holding at important levels and showing that it has come down to the the blue line which I set 4...
2023-04-28 19:49:33 +0000 UTC View Post
Nice bounce here at our Subwave 3, just at the yellow line I have spoken about over the last few days, which was the previous support line and then became a resistance line, so far it has not been converted to a support line yet.
I w...
2023-04-28 18:50:03 +0000 UTC View Post
Nice movement today, the overall targets are the same but the count for this Subwave 1 and 2 is different, the waves 3 & 4 were not particularly pretty so I discarded them on the last count but the pull back since $66.50 has been very structur...
2023-04-28 15:12:59 +0000 UTC View Post
For me, its difficult to see any other count than the one I've had since September last year. Even the run from $87 to $240, even if this was an impulse wave, it would need to pull back to the Fib levels I have shown from $150 to $142, this would ...
2023-04-28 14:50:15 +0000 UTC View Post
For the first time, $AAPL has broke above the parallel trend lines, watching now to see if it can hold above these lines, just above it is the trend line top limit of the large wedge it has been in since the start of the year....so there is a lot ...
2023-04-28 14:40:38 +0000 UTC View Post
In my last update, I said the bleeding had stopped and there was a number of indicators that I am optimistic about, so far is has held the 0.88 Fib level, still a long way to go to move this momentum higher and keep going up with the green wave bu...
2023-04-28 14:22:52 +0000 UTC View Post
$51 is the red line at the previous low, below this line and the impulse count on this chart is invalid and we will be watching for the Red B wave next. Getting very close now.
2023-04-28 14:03:06 +0000 UTC View Post
Watching this closely, it is doing what is asked of it so far, I want to see it break out of the bull flag again and continue through Subwave 3.
2023-04-28 13:49:01 +0000 UTC View Post
From the last chart 2 days, I said there was a bearish indication after it dropped out of the wedge, so a few people believed the earnings were not going to be good....and they were correct, this drop has nearly come all the way down to our Wave X...
2023-04-28 13:39:10 +0000 UTC View Post
$NET is expected to open now -23% after its earnings report yesterday, it is coming down to $45, leaving a very large gap behind it, analysts have reported today that their PT for $NET have been revised down to $54 now.
The report is being s...
2023-04-28 13:27:43 +0000 UTC View Post
Overall the structure looks healthy, it is still within the yellow channel and below the blue line from the previous high, so until this breaks above these resistance lines, the bear case is still a possibility. There is a good structure here to h...
2023-04-28 13:22:11 +0000 UTC View Post
No changes to our targets here, I think a lot of people taught the trajectory would change when this bounced very aggressively on the 14th of April but just like $NIO, we trusted the chart and it lost all its gains from this bounce and has come do...
2023-04-28 12:21:34 +0000 UTC View Post
Alerted yesterday that cracks were starting to form at the bottom of the trend line, it made a new low today, just slightly lower. Subwaves down have been added here as the the trend looks very clear.
The selling pressure has been relentless...
2023-04-27 20:02:36 +0000 UTC View Post
$NKE with the back to back bull flags here, held above the 200 Day MA too, I am happy with what I see here.
2023-04-27 19:45:55 +0000 UTC View Post
One more last look at $AMZN before the earnings are out in about 25mins.
It has just hit our red trend line today, we are not surprised at all to see this hit here exactly just before earnings are released, the market is getting ready, if it...
2023-04-27 19:41:14 +0000 UTC View Post
