Stocks are recovering from the dive they took down to 4350. We found support here and seem to be forming a consolidation pattern. We've rejected our level at 4421 as confirmed by a red triangle on the Kovach Reversals Indicator. Currently, we are finding support at lower levels, namely 4380. The Kovach OBV has picked up notably, suggesting we may find further...
#cannabisreform legislation c/w #cannabisboom2021 in works. Find the small caps with revenue growth & profits TODAY. Matters most in rising rate environment. Stock pickers win. This ain't it. Run away! *valuation matters
We see a little pullback. Given the continued printing of money i think we can go higher from here to new ATH. I only worry if there is a lockdown again, how would the market react.
Stocks have tumbled overnight in tandem with Asian stocks who sold off after Alibaba shares in Hong Kong tanked more than 5%. There is strong support at 4350, but that is more than 100 points away from highs. This is a significant dip for the S&P, but we should find support at current levels. This is a 0.618 retracement from the bull run since the beginning of...
Stocks retraced quite a bit to 4421, a new technical level under 4431. The selloff came yesterday after renewed Coronavirus panic swept in after New Zealand entered lockdowns. This was swiftly bought back midday and we've retraced about 50% of the selloff. Currently, we're finding support at 4440. The Kovach OBV is still pretty strong, suggesting that the...
Small Caps with revenue growth and profits now are the bees knees. Who needs gold when the #cannabisreform legislation is getting written.... #cannabisboom2021 & beyond. JOBS & Justice! $GNLN #thegem #MSOgang
The market, such beautiful place. Any movement causes relief for one and worry for other. this is not financial advice. This is just what I think might happen. Sometimes the most obvious outcome is the one to be afraid of and at this moment things are getting complicated. There is just too much to talk about. We are going to see some crazy movements between the...
Today we will take a look at PLTR. a) The price is inside a range since March 2021. The support and the resistance zone define this range. b) There is an accepted idea that the expected target of a range breakout is its length above or below it. Using this, we can project a minimum target on the yellow arrow if we have a bullish breakout. However, if the...
Stocks saw a selloff yesterday morning but quickly found support, at 4440, which we have identified as a new technical level. This is just above 4431, where we thought we'd see support. After finding support here, we immediately caught a bid sending us smashing through our profit target at 4462, and falling just short of our next target at 4487. We are seeing a...
REFRESHED MONITORING OF PRICE SINCE THE PREVIOUS POST WAS MADE.
Stocks have reached our profit target at 4462, and seem to be stalling there. We will see if the Biden administration's epic, incendiary failure in Afghanistan will have an impact in the S&P closer to the open. For now, it looks like it will establish value between 4431 and 4462. The Kovach OBV is strong but has leveled off suggesting that stocks may be taking...
Today we will speak about the current situation on SQ (we made a post a few weeks ago. You can check it on related ideas) At the moment, we think the bullish scenario is the most probable one, and we are ready to define the activation levels based on the previous analysis. What were we waiting for? We were looking for a first breakout attempt on the current...
Stocks have finally hit our profit target at 4462. This was a long time in the making and we've identified this as a profit target last month. The path to get there certainly was not quick, as the S&P has gradually drifted to this target, in contrast to the emphatic breakout we expected. We should see some resistance at this level, so some ranging is...
Stocks have drifted up above our level at 4431. We were anticipating more of a bull wedge breakout, but the momentum we've received has been paltry. We are currently in the middle of the vacuum zone between 4431 and our target at 4462. The Kovach OBV has tapered, but is still bullish. We anticipate the drift to continue until we hit our target. After that, we...
Today we will take a look at the JPM chart: What are the main things we can see here? a) The price is above the last support/resistance level. b) The ascending channel has been broken, and the price is currently supported on the broken structure c) We can see a complete ABC corrective pattern d) Projecting a new channel assuming that the price makes a new ATH,...
In 2008 over leverage of 440 billion, to todays (2021) 900 billion. 2008 inflation rate 2021 May 4.2 April 4.2 June 5.0 May 5.0 July 5.6 June ...
We are still waiting for our breakout in stocks. All week, the S&P has been holding an extremely narrow range, and drifting up past our level at 4432. We are seeing a slow but steady drift, and volatility has consolidated immensely. We are due for a breakout either way. Our profit target from above is 4462. From below, 4408, 4389, and 4380 should provide...
Greetings Earthlings, today you shall become Astronauts as you venture to the moon in your rocket ship. If you take a gander at the chart, you will see the biggest opportunity since Little Einsteins. WE'RE GOING ON A TRIP IN OUR FAVORITE ROCKET SHIP LITTLE EINSTEINS. CUM FLY WITH US AND PREPARE YOURSELVES FOR THE ERECTION OF PRICE TO SPLOOGE INTO THE...