Market Opening Hours this week:
Monday, December 23rd: Normal trading hours.
Tuesday, December 24 (Christmas Eve): Markets will close early at 1:00 p.m. Eastern Time (ET).
W...
2024-12-22 20:24:17 +0000 UTC View Post
The 50 Day MA showed how important it was once again this week by being the important battle ground area for bulls and bears, so it was not a surprise to see the price finish at this level as a cliff hanger leading into Xmas week.
Bulls did ...
2024-12-22 20:11:59 +0000 UTC View Post
$QQQ had a notable stronger week compared to the $SPY and that is likely down to the strong run up leading up to this week, where the price had broken out above the rising wedge in a very bullish move
As Weds unfolded, the price dropped hard...
2024-12-22 20:06:18 +0000 UTC View Post
Continues to be very impressive and showed no signs of weakness this week in spite of the broad market sell off.
A retest of the 50 Day MA from above may come shortly along it's journey up to our Wave 3 target which will also offer an opport...
2024-12-22 20:00:49 +0000 UTC View Post
No changes to the chart and the commentary here from my last upload and now we know why $TSLA was -3.5% on Friday while the rest of the market bounced very aggressively.
Big tests coming up at $414 and $397 next but we want this to continue ...
2024-12-22 19:47:25 +0000 UTC View Post
I think we were all happy to see $SHOP arcing downwards this week but again we want to see more....we have been patient with this and we can be patient a little longer until the price drops down and gives us an ABC pull back
Not a surprise t...
2024-12-22 19:37:30 +0000 UTC View Post
One of the best performing positions in the market this year and in our Top 20 but it has now found solid resistance at the 200 WMA here at $118, which aligned with our Wave 5 target at the 2.618 Fib at $120.
We want to see a pull back now t...
2024-12-22 19:29:43 +0000 UTC View Post
OK nice rejection so far here at the 1.618 Fib at $90 and the price came all the way down to the 50 Day MA this week and has so far held support....we do want to see this level lost and come down further over the next few weeks/months
Becaus...
2024-12-22 19:26:04 +0000 UTC View Post
Bad week to report earnings, on the day directly after Weds sell off and bearish comments from Fed Powell.
That being said, it was a double beat and surprised many strong numbers.
New CEO spoke on the earnings call and he was less than...
2024-12-22 19:08:46 +0000 UTC View Post
The market needed $MSFT to bounce for Wave B and it did give the market that in Dec but a weak market this week showed $MSFTs vulnerability once again and rejected very clearly at the 0.78 Fib at $450 and fell down towards the 50 Day MA
As l...
2024-12-22 19:03:36 +0000 UTC View Post
$INTC approached its bottom line at $18 this week and I feel that this is very close to the bottom for $NTC but it consistently fails to start new impulse waves
Which leads me to believe that $INTC will likely continue to consolidate sideway...
2024-12-22 19:01:16 +0000 UTC View Post
$GOOG and $MSFT have been the weakest Mega Caps since August so it was not a surprise to see them struggle this week and $GOOG initially lost its retest of the green line at $193....which was the high in June but the bulls did very well on Friday ...
2024-12-22 18:57:13 +0000 UTC View Post
There are a number of charts this weekend that need no update, the chart has been perfect and the pull back this week complimented our counts very well
$DIS was one of them
I would not consider this a buy until at least the $105 level ...
2024-12-22 18:54:27 +0000 UTC View Post
Price is still holding a higher low right now and above the 2.618 Fib at $95.6k, price is also comfortably above the 50 Day MA which was never lost....like the $QQQ.
There is every reason to believe that $BTC can make another attempt at the ...
2024-12-22 18:45:06 +0000 UTC View Post
I uploaded this late this week to show that there is a concern under the 200 Day MA and that the 0.78 Fib can not be ruled out at $77
We are still in the Buy Zone now and I believe this is in an undervalued position in this range down to $71...
2024-12-22 18:41:18 +0000 UTC View Post
I said this week that I was very happy with $AMZNs performance and on the chart, it appears as tho it was a simple retest of an important support level at $220, as it was at $191 and $200....before going higher
As long as $AMZN continues to ...
2024-12-22 18:37:08 +0000 UTC View Post
This is getting a lot of attention now
It is in the sweet spot between the 0.618 Fib and the 200 WMA at $114 now, so all we need to see is a hold of support
I have shared the weekly chart here to see where the 200 WMA is but we can als...
2024-12-22 18:34:57 +0000 UTC View Post
Moved very quickly below the 0.5 Fib and into the Buy Zone and quickly bounced out of it and retested the 50 Day MA on Friday, for fast moving positions like this, I wait for the pull back to a higher low to consider a position.
We can see t...
2024-12-22 18:32:16 +0000 UTC View Post
Looking at this chart and you would believe that this week was completed uneventful.
A slight blip mid week but finished the week at an ATH high and continues to look like it wants to push higher to the next Fib at $260 at thr 1.27 Fib and t...
2024-12-22 18:29:31 +0000 UTC View Post
Incredible stuff from $BA, in spite of everything this week, $BA continued to burst through all daily MA's and the 50 MA on the weekly chart and looks set to test the important 200WMA soon at $195
This was at $137 on the 11th of November an...
2024-12-20 20:53:21 +0000 UTC View Post
$PFE had a good week too and held up well against the market.
Price is now knocking on the breakout line at $26.50 today
A breakout and hold above this level and the 1.618 Fib level is the target at $28.28 and a 6.7% dividend too.
<... 2024-12-20 20:46:55 +0000 UTC View Post
The bleeding has stopped here also and support was found just at the blue support line and if we look along the line, we can see that it was an important support/resistance line
Price is already back above the 0.618 Fib now too at $0.032
... 2024-12-20 20:42:41 +0000 UTC View Post
Ok the bleeding stopped exactly on the 0.5 Fib at $3100 and many buyers stepped in, possibly to catch a relief bounce and the potential for a bottom but at the very least they would get a relief bounce back up to the $3700 top line level or to the...
2024-12-20 20:38:07 +0000 UTC View Post
$RLX managed to keep its structure in place over the last 2 days which is certainly impressive and not changes to the ascending triangle.
I have added in the white fib levels as help too.
The low risk breakout level is still $2.11, so ...
2024-12-20 17:00:17 +0000 UTC View Post
PCE coming in cooler than expected was the catalyst the market needed to turn this around before the week closed out.
Up 1.28% now which brings the price action back up above the 50 Day MA, which was our concern.
All we need to see for...
2024-12-20 16:53:22 +0000 UTC View Post
$NVO has pulled back in an ABC count now and I believe $LLY will follow and is already half way through its Wave A pull back
We can see that there is a clear rejection under the 200 Day MA after a retest from below and now we have the death ...
2024-12-20 15:14:01 +0000 UTC View Post
Buffett bought the dip here
After a failed breakout of the descending wedge on the 9th of Dec, the share price dropped from $29 to $20 and Buffett acquired 117 million shares when it dipped
Price is up 5.5% now since the market opened....
2024-12-20 14:39:10 +0000 UTC View Post
Working its way down the Fib support levels and testing the 0.78 Fib level in the PM now
Any Fib level below the 0.618 Fib for a Wave 2 pull back is showing weakness to me, so support needs to come in soon or the blue support line comes into...
2024-12-20 13:29:17 +0000 UTC View Post
