Stocks have rebounded to within a few ticks of where they broke from our butterfly cypher pattern. This suggests that the markets have fully digested inflation and interest rate updates from the FOMC meeting and most likely suggests that we are back to bull mode. Nasdaq printed highs yesterday, so the S&P 500 could be soon to follow. It will take some momentum...
Stocks have recovered from the dip which reached our profit target from the butterfly cypher pattern. We dipped quite a bit, down to the 0.618 level (one level past our profit target) to 4144. Almost immediately, investors swooped in to buy back the S&P at lower prices and we closed back just shy of 4245, currently finding support at 4214. The Kovach OBV is...
Contextlogic has been trading in a downtrend since January. The downtrend is now challenged with some large volumes coming through A challenge of 15.11 could form a nice inverted head and shoulders with around a 22.50 target price Fundamentals on forward earnings not looking bad either. Stock doesn't seem overpriced at current levels #2 on Hype Equity today I...
Stocks have inched out highs on Friday. Asia's opening has seen little movement from those levels. In order to maintain current levels we need some momentum desperately. Otherwise, we will likely see a retracement. As we have noted multiple times in this report, 4188 or 4144 would be nice targets for a selloff. Buying at these levels would be FOMO and would...
COMP looking like a great buy down here. Hasn't made nearly as big as moves as other major alts. Stop out on equity around 275. R/R is awesome
HBAR is sitting on large support and at the bottom of its range. Nearly unaffected by the BTC drops, HBAR is strong for the longer term and a great buy down here.
Stocks have made a run for highs, but faced steep opposition there. We saw some big volatility yesterday, rejecting 4245, taking us back down 20 points to 4225, then retracing back again. There is a clear affinity for highs, but it will take some momentum to solidly break them. It could go either way so watch for momentum at the open. We still feel we are in...
The direction of ES futures is UP There is the overbought (OB) trend noise balance (TNB) indicator on 2D-1W to confirm this There is a 1D BUY weakness (WK) indicator to confirm short term There is an 8H SELL WK indicator to conflict this (use SL to manage the risk of this indicator) Be aware of the cost of any potential SL and the affect of that on the...
Stocks continue to maintain a very narrow range between 4214 and 4225. The longer it maintains this range, the more likely a breakout becomes. We feel that it would be healthy for stocks to feel out lower levels before making new highs, and are preparing for a dip down to 4188 or 4144. The Kovach OBV is still flat and our outlook will not change until we see...
Satrix Property ETF is breaking out of a bullish looking flag today. Target for the break is around the R10.30 level.
Exxon Mobil is build a bullish looking cup and handle. A break of the neckline would open a $70 price target. I have a position
Stocks seem unable to break past 4228, the level they attained based on NFP numbers Friday. If the S&P is unable to budge from this resistance level, it most assuredly will dump, and perhaps our Gartley pattern was correct after all. We are starting to see a bit of a dip back to 4214, and if this does not hold we will see support from 4188. Stocks do appear to...
Stocks are forming a bear flag with a POC right at our 4188 level, which is a technical level and a Fibonacci level. We have adjusted our stop loss just above 4228, but the more conservative could adjust it to break even, or a few ticks in profit. We have one more level from below, 4165, before our target of 4147. If we are wrong and we get a burst of momentum,...
SUMMARY Pure Gold is a growth company, located in the very heart of Red Lake. Pure Gold’s largest shareholders include three global gold leaders and visionaries. Eric Sprott, AngloGold Ashanti and Newmont, the largest gold producer in the world. Our leadership and management teams have deep roots and experience in the geology of the Red Lake gold district, and...
Mediclinic has been trading within a defined range for 2.5 years now. Top of the range is around 6600 level and the bottom of the range is around 5300. Time will tell if overhead resistance will hold, but if history is anything to go by some weakness might be setting in again. A possible short can be attempted if the 6600 becomes a level too far to breach within...
RMI has been trading in a defined channel for 255+ trading days. Bottom of the range is roughly around the 2900 level and top of the range at around 3360. Top of the range has been reached, and overhead resistance could be difficult to be breached. Short position could potentially be attempted if resistance levels can't be breached.
Very bullish looking flag break break with two target prices. 152 and 172. A break back into the flag pattern should trigger a stop loss.