There has been a battle going on at the 0.78 Fib at $146 and the yellow support levels.
So far it's been evenly match but since the battle has begun, Trump has won the Presidency and Boeing is a cornerstone company of the US, with strong mil...
2024-11-25 21:14:46 +0000 UTC
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Firm rejection now at the trend line.
The 50, the 200 Day and the Green Fib levels are now in the way of making a lower low from Sept.
The further this can decline, the higher $TLT and friends can go.
2024-11-25 15:37:11 +0000 UTC
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Not a particularly good look right now but support levels are sell in place, especially at the bottom of this yellow channel and just slightly below at the 50 Day MA at $134....I believe once the price stays above the 50 Day, then the bulls have t...
2024-11-25 15:16:43 +0000 UTC
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$JWN report earnings after the close tomorrow.
I do like this chart, as it is in a larger Cup and Handle formation and now testing the breakout level of this yellow channel at $24.20
Price is also above the 50 and 200 Day MA's now too,...
2024-11-25 15:00:07 +0000 UTC
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$SMCI has bounced right up to the 50 Day MA at $38 and the wedge breakout level
This is where it gets even more interesting, although it has already climbed from $17 to $38 within a week.
But a break above this wedge and there is a run...
2024-11-25 14:56:30 +0000 UTC
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$JOBY is also in the same sector as $ACHR and this too is looking quite bullish after holding on the 0.78 Fib at $5 for a year now.
Price is above the 50 and 200 Day MA's now and also bouncing in the PM
You are still early here, a hold...
2024-11-25 14:16:44 +0000 UTC
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$ACHR has finally broken out of this long bullish channel, after starting it in August 2023
The breakout level is at $5.60 and the price is already at $6.50 now in the PM as it is up nearly +9%
The ideal scenario now would be a retest...
2024-11-25 14:11:51 +0000 UTC
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The subwave fibs of this Wave 3 are looking very stretched now, as the price has jumped from $6 to $16 since August, so I have added in the larger Impulse Wave count so it is easier to understand
The larger 1.618 Fib level is at $18 and by t...
2024-11-25 13:59:41 +0000 UTC
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$PLTR has still made a higher high in the PM this morning and looks like it is reaching for the 1.618 Fib at $69
If I see any rejection at this level then I will consider trimming another 20% at this point.
My overall opinion is that ...
2024-11-25 13:32:35 +0000 UTC
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$HOOD has been incredibly strong, this may suggest a lot more activity in the market, increase in available features and more customers switching from traditional brokers to $HOOD
Wave 5 in the market also attracts idle chasers who have bee...
2024-11-25 10:04:29 +0000 UTC
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$TMF is up +3.9% in the PM now and with the recent CPI figures not showing any increases and they met estimates, this may be positive for Bonds.
Holders here want to see a recapture of the 0.78 Fib and make sure this is a strong support leve...
2024-11-25 10:01:01 +0000 UTC
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In spite of being -2% down in the PM, $NIO does not look in a bad situation holding above the 0.78 Fib and made a higher high on Friday.
The big test will be a test of the 200 Day MA at $5 this week, this is the support line that $NIO needs ...
2024-11-25 09:56:23 +0000 UTC
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I wanted to reassure members on Friday when we got a very close test of the $25.41 level to finish the day, that it was simply a run to this level and not a rejection or resistance, to make sure people did not sell at the close on Friday
Ho...
2024-11-25 09:52:36 +0000 UTC
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This has been a solid buy for us so far, buying at the precise point at the 200 Day MA and watching the price jump +40% on the day on Saturday was enjoyable.....when price action moves as expected, we are going to exploit and take advantage.
2024-11-25 09:45:33 +0000 UTC
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Solid work from $ETH over the weekend, recapturing the 1.618 Fib, making a higher high and higher low, above the 50 and 200 1HR MA's and retesting the 1.618 Fib level from above and bouncing on this level.
Again, this is all we need to see f...
2024-11-25 09:39:37 +0000 UTC
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Earnings season is about to wrap up and I have attached the Seasonality average of the S&P 500 performance over the last 30 years....and we can see that in the last week of November, the market tends to before well and rally until the end of t...
2024-11-23 18:12:54 +0000 UTC
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The $SPY and $QQQ have very similar commentary today.
Both have stayed within their rising wedge, both did not need their 50 Day MA's this week as a test of support and both are still above their previous ATH's to end the week, in this case,...
2024-11-23 18:01:33 +0000 UTC
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$QQQ comfortably held in the rising wedge this week, right from the beginning of the week and progressively moved higher and finished the week back above the previous ATH line at $505, which I believe is a significant indication.
$QQQ just n...
2024-11-23 17:58:08 +0000 UTC
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$V still has +20% to run to the Wave 3 target at the 1.618 Fib, which seems reasonable if the market melts up.
$V has been a really good beacon throughout the last few months for us navigating the trend for the market
$V should not be ...
2024-11-23 17:51:48 +0000 UTC
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I could see a lot of confused people online this week wondering where $TSLA was getting its strength from but as long as Elon stays associated with Trump, I believe this is bullish for $TSLA
On the chart we can see a simple retest of the Fir...
2024-11-23 17:42:50 +0000 UTC
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A few questions this week from members asking what is the interest here as their fundamentals are not very attractive but I believe their moat and their strong correlation with $AMZN's performance is very attractive with $SHOP but they are right t...
2024-11-23 17:40:23 +0000 UTC
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Nothing to update here either, price is still in Wave 5 for me and has not touched the $120 level yet at the 2.618 Fib, again if this stock goes extended, the blue line at $136 would be the target.
As always, we set the pull back levels from...
2024-11-23 17:36:48 +0000 UTC
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The majority of the finance charts we upload all had a strong week and some continued to move higher.
$PYPL has also held very well and still hovering around the 2.618 Fib level too.
I have added the 3.618 Fib at $96 if this goes exten...
2024-11-23 16:35:41 +0000 UTC
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So far $NKE has found support on the 0.887 Fib at $73 and has bounced very well to $77
Price is still in the Buy Zone and something that should be strongly considered if you intend to hold for Long Term.
The price is also still below t...
2024-11-23 16:30:59 +0000 UTC
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Ok the good news is that $MSFT is still holding above the 0.236 Fib at $408, with the $400 level being the Corrective Wave C confirmation level for us.
The bad news is that the price is still below the 50 and 200 Day MA and we could be looki...
2024-11-23 16:08:00 +0000 UTC
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There has been a battle around the $24 level and for good reason, it divides the positive and negative trend.
The sector has been holding relatively well lately and could turn bullish if the market holds strength and amazingly $INTC has a ro...
2024-11-23 15:56:30 +0000 UTC
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$GOOG and $MSFT are still the two most important charts for me at the moment, not as an opportunity but as an indicator for how the market will move next.
If $GOOG can hold the 200 Day MA at $165 and it has tested this level on Thursday and ...
2024-11-23 15:53:32 +0000 UTC
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$DIS is already at the 3.618 Fib for me at $115 and the extreme extension would have this go as high as the blue line at $123 in this bounce and it is possible but this is not somewhere I would be encouraging anyone to add now.
I would wai...
2024-11-23 15:49:33 +0000 UTC
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$BTC has moved very well all year, it was not fast or slow, it was structured and is one of the best performing assets for the year.
It still puzzles me why people struggled to hold during the bullish consolidation, similar frustration was e...
2024-11-23 15:06:39 +0000 UTC
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I wrote a strong to the point commentary on Friday to clarify my position and my concern with $BABA
The important part is that I am sticking with my position, Chinese ADRS have let us down but the HSI has still held its structure incredibly...
2024-11-23 15:02:19 +0000 UTC
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