Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on August 1 after earnings beat estimates. CAT pushed to another high the following session but failed to hold and closed in the red. That kind of “shooting star” candlestick is a potential reversal pattern. Second, the surge...
Technology stocks have retreated this month as the AI frenzy cools. Microsoft, in particular, has pulled back. The first pattern on today’s chart is the narrowing range since the slide began in late July. MSFT has made lower highs, but lower lows at a shallower pace. That could have produced a descending triangle, which is potentially bullish. Second, consider...
On the hourly chart, BNKU fell from a head and shoulders in late July , crossed under VWAP lines in a VWAP breakdown and pullback before an inverse head and shoulders type reversal now underway. The zero-lag MACD is confirmatory. I will take a long trade here. Projected stop loss and targets ( TP1-40% TP2 40% and T3 20%) are on the chart. I see this as...
BTTR has been slowly gathering steam since last week. Today the buying momentum went into high gear with a big jump. This is a penny stock about as volatile as it gets with its backstop far below current market price. With earnings in two days BTTR could easily run another 30% turn around and fall. The price action and the MACD speak for themselves. I will...
BIOL had a triple top in late July so this is a logical long target at 8,0, With earnings in less than two days, volumes above the mean in the past couple of days and a decent price-volume product trend coupled with a Price Monetum Oscillator without any signs of topping out in a momentum stall or fade. I see this as a long pre-earnings play with about 12%...
Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5). * Improving earnings - nearing profitability * Domestic contract growth * By-product Vanadium is also in demand - steel recycling * Energy market can not rely on oil and LNG alone * MFI crossing 50% and...
Oracle gapped to record highs almost two months ago, and now it could interest some trend followers. The first pattern on today’s chart is the $114.34 level. It was both the opening price and low on June 12, the same day earnings and revenue beat estimates. The software company held that zone in late June, mid-July and again last week. Interestingly, it’s exactly...
The DXY is at a major crossroad. If Inflation report on the 10th is less than expected, then I expect they DXY to continue in a bearish direction. I am neutral here. The RSI is showing desperate bulls. If the inflation report is lower than expected. Look at chart for fall back zone to rebuy if you are still bullish on the dollar. Just to let you know, this will...
TMV on the one-hour chart tested two standard deviations above the mean VWAP in both late May and early July it fell to one standard deviation below VWAP but then rose sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high. I believe that this is due to the recent federal debt creditworthiness downgrade. The threatened...
On the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally completed its downtrend or ten days given more bearish momentum with the federal debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency. Three indicators show bullish divergence with a MACD cross under the histogram. The 30 minute RS line rising...
The current price action is aiming the next demand zone as shown on this 30m chart. That impulse bearish movement, as expected, based on Elliot Principle, is about to happen. Bearish divergence on Chaikin Money Flow.
Apple gapped lower on Friday thanks to a ho-hum quarterly report. Is it an opportunity for longer-term buyers? The first pattern on today’s chart is $182.94, the previous all-time high from early 2022. AAPL challenged this price on June 5 after unveiling its virtual-reality headset but was initially rejected. The stock kept pushing and made new highs a couple of...
On the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at...
TSLL moves more than TSLA as it is leveraged. TSLA is volatile for a large cap and TSLL is TSLA high octane verison. TSLL on the anchored VWAP bands has bescended into the undervalued and oversold zone supported by teh thin red line the second standard deviation below VWAP. It hit a pivot high in early July hitting the thin red UPPER VWAP line about the,...
This week fundamentals are very bearish for Silver. Analzing the indicators, I got a very strong bearish confirmation. Also, the bearish engulfing candle on 12H time frame increases the chances that sellers will push the prices low. Target Level - 23.5 Please, support my work with like!
Delta Air Lines rallied in June as travel recovered leading into the summer. Now after a period of consolidation, some traders may look for the uptrend to continue. The main pattern on today’s chart is the $46.30 level, the high during all of 2022. DAL broke above it after raising guidance, tested it on July 14 after reporting results and is trying to hold it...
NFLX on the 2H chart is rising with the shortest EMA rounding up . Price is now above the POC line of the volume profile showing buying pressure has extinguished bearish momentum. The RSI indicator shows RSI to have trended down into oversold territory. Fundamentally, NFLX revenues have increased with the household password crackdown. Traders and...