nikodemuskell

nikodemuskell

SPX continues to be driven by a downtrend line that Fed commentators are determined to not let break on the upside. Price action continues to be bearish because of Fed continued interference. Their interpretation of the 'red hot' job market is a complete fallacy, as everyone knows, and they reek of desperation in their desire to regain a credibility they have...

nikodemuskell

VIX has been smashed down since the election. Incredible complacency by the market, in the author's humble opinion. 11 has proven to be a very support for UVXY. There is a divergence on momentum, and I am positioned for an upside move. Difficult to say when, but I would prepare starting as early as the end of this week.

nikodemuskell

The two SPAC companies that Chamat P. has brought to market, besides $SPCE: $IPOB (Open Door) is on fire, while $IPOC (Clover Health) is significantly depressed.

nikodemuskell

Nothing much to say, as a picture is worth a million words. $TAN (i.e. a $1.2B market cap Solar energy ETF, courtesy of Invesco) is in full breakout mode, currently at $71 on very strong volume.

nikodemuskell

$ETSY is an e-commerce website for handmade goods. I'd say in a soundbite that $$FB is $PINS what $AMZN is to $ETSY. The stock was breaking out in August, and retraced to a strong support at 100-105 during the September selloff in a bear flag . The stock has resumed its march upwards and was up 8% in a very good day for Internet retail stocks. $130-135-140...

nikodemuskell

Raise your hand if you like $FB but hate Zuckerberg, I thought so. $PINS (main chart) and $SNAP (blue) have started outperforming $FB (orange) quite significantly after the 'blow off top' in Tech up to September 2nd. $PINS has especially wind in its sails after its earnings breakout and is on an ascending channel. $SNAP also seems to have found its mojo again in...

nikodemuskell

AAL has taken way too much debt and incinerated capital in a buyback scheme that could barely keep the stock in the 30s in the 'repo' rally of 2019 end (remember the 'this is not QE by Powell?). On the other hand, the hand of shorts (30% of float) shows in the price action, especially from June on: massive squeeze, then progressively sold off. Very difficult to...

nikodemuskell

Friday saw a very strong short covering rally. Anchored VWAP from 6 weeks ago is within reach, as well as the top end of the downtrend channel. This could be a new bull flag - the most likely catalyst are stimulus rumors.

nikodemuskell

$OSTK continues its absolutely wild swings. Remember, this is an internet retail company that has lost money since inception and has continuously tapped shareholders to fund its crypto ventures. With Bitcoin price not going anywhere, the stock has no real catalysts and after its precipitous recent fall from $127, seems stuck between $60 and $80. Only for day trading.

nikodemuskell

Nothing much to say - precious metals are dumped along with equities. Gold has just broken a wedge on the downside, which means that more selling is likely to come. Sentiment turns quickly these days though...

nikodemuskell

To say that $TLRY has been a disappointment for investors would be an understatement. After its infamous $300 in September 2018, the stock has steadily declined and has gone essentially nowhere since April. Upon recent earnings, the stock has disappointed with some significant writedowns. If management can show profitability, this stock has significant potential...

nikodemuskell

Given that small caps are in breakout (despite today's weak close), if this beauty can recapture $2, blue skies are ahead

nikodemuskell

Persistent weakness in the dollar and Yen at major resistance is not a good omen for STONKS

nikodemuskell

Big banks have reported for the quarter, and as expected those with a strong trading arm ($MS, $GS) strongly outperformed the ones with a stronger retail presence ($BAC, $WFC), with $JPM being the 'best of both worlds'. Nevertheless, the 10 years does not tell a story of recovery, nor increased loan loss provisions do. Last quarter's performance was mostly driven...

nikodemuskell

Given weakness of dollar and necessity to hedge against the overextension of equities (which are really driven by FANGMAN, very weak this week), the 'pet rock' is showing strength. Since Tenkan crossed Kijou over the Kumo on June 19, the uptrend has been sustained, and another push towards 1850s is possible, especially as daily RSI remains above 60

nikodemuskell

Since Powell has started printing with no tomorrow, dollar has followed suit and has been on a steady downtrend. Usually dollar and SPY move in the opposite direction, which is exactly what has been happening since end of May. If dollar breaks down, expect a push for SPY towards ATH

nikodemuskell

This weekend in Florida Disney World reopened, among a surge in new COVID cases. The stock has not been able to retrace past .618 of its ATH at ~127ish, but it is posed for another run up, as the Kumo is providing excellent support. R1 is 127, R2 138

nikodemuskell

CleanSpark is a $35M software and services microcap that offers software and intelligent controls for microgrid and distributed energy resource management systems as well as innovative strategy and design services. Recent catalysts for moves were a $2.9M grant from California (compared to $4.5M revenue last year) and a rumor about a collaboration with $TSLA,...