BDRTrigger33

BDRTrigger33

US OIL is currently crapping itself in pre-market futures trading. There was no support as it surpassed the 49.2 per barrel mark. This fits exactly what was outlined in previous ideas Re: OIL and resistance it had NO CHANCE to pass in the 49s. It is currently tracing way back and the full pullback should push it sub-45/b. See attached Idea Re: the simultaneous...

BDRTrigger33 Updated 

$USOIL and $SPY have the same bearish looks with the notion that this top out cannot last. Oil has stagnated already (slightly upward tick but overall very "sideways"), while the S&P closed with a strong rally--and with what nearly looks like a GAP... The reversal may not happen Monday, but this trader projects it to happen by late next week or early in the...

BDRTrigger33 Updated 

The bull cycle that has run for nearly nine months is showing all the sputtering signs of a complete reversal. The heavy industries already peaked and went on their runs, the distribution is high, large cap stocks are stalling out at ATHs and annual-highs, and this is not sustainable with the various depressions on the global economy, nevermind just the US S&P....

BDRTrigger33 Updated 

$WNW has made impressive gains but an entry now looks super risky. This trader is setting an alert @ 100/s. The parabolic increase and gap has to be filled, probably.

BDRTrigger33 Updated 

$AMD is trending down after a strong open. It still remains well above the support line in its trading channel. The 97.8 top out could be re-realized with an afternoon run. A partial-exit above 99 is not a terrible idea, but who knows what these fingers will do if that level is quickly reached. This remains a LONG LONG LONG, and nothing has failed in the...

BDRTrigger33 Updated 

$AMD Advanced Micro Devices is establishing a very strong support level on dips @ 97.1 per share. We're still MEGA LONG On this, but the positive is the bottom refuses to fall out after a big pre-market gain: Yet another major bullish indication. GL, ride the waves, do whatever. See attached idea for the Long Call earlier this AM. BDR

BDRTrigger33

$AMD ate a rough correction (outlined in the previous descending channel) before catching a wedge that shows all the signs of a major breakout. The downward trough also established a lot of relative strength in this stock. It refused to dip lower than its previous relative-low. This stock ranks a perfect 99 on Investor Business Daily's stock evaluation, and it...

BDRTrigger33 Updated 

$USOIL has started to show signs of stalling and reaching an equilibrium between bull and bear activity... It is not making a run in futures. Indications from oilfield preparation industries such as HAL/LBRT both showed regression from "Covid Season" highs. Whether $HAL can sustain support 20-plus per share remains dubious, and LBRT has met resistance to its...

BDRTrigger33

$USOIL is again passing that 45.66 resistance mark spoke of in early ideas. It is nearly dead center of the trade channel it was before the anomalous dip that is highlighted in the red oval. The target on this remains just under 50/b. The path seems to be clear to it, but we will have to keep an eye on industry activities with regard to shutdowns, etc. While the...

BDRTrigger33 Updated 

Halliburton $HAL has met a lot of resistance just over 20/s. It is making the goal of 20.5 for this day trade seem unlikely; Would likely carry the position overnight instead, because the gains seem to becoming after $HAL shatters that resistance point. Right now, it has not been able to. A stop loss should be figured, but it would be a lie to say that has been...

BDRTrigger33 Updated 

Note the ascending trade channel $IPGP is adhering to. It has all the makings of a very nice swing, potential upside over 240-250/share. Some exit-points can be delineated after further confirmation signals, but avg Cost right now is 203.43, with a post-market movement to 207.01. That is a start, and a good one, to this new LONG on IPG Photonics. As for a tip on...

BDRTrigger33

$USOIL broke a previous resistance point at 45.66, and it is holding support 46+, even reestablishing a center point of a previous trade channel which was very bullish. This is a good time to be long on $USOIL related positions, such as $HAL and $LBRT, especially. Both gained nicely today. Best, BDR

BDRTrigger33

$FF has been consolidating and sideways trading for around four months. This is a very long period without a significant break-up, or down. The thought, of course, is that this will shift Parabolically UP when the move happens. 70 percent confidence in that... if it craps the bed - this was never advice, just another trader's IDEA. We're looking for a push up...

BDRTrigger33 Updated 

Keep very close attn to the 45.66 price-point. It breaks the trade channel and the top Fibonacci retracement, and it could be the bull horn sounding with economic activity increasing in all sectors and most energy stocks reaping the benefits w/ a big rise. If OIL crosses 45.7 without a lot of resistance, there cannot be a more bullish indicator given as a...

BDRTrigger33 Updated 

While natural energy is certainly spiking on the speculation Oil has reached the end of its road, there is no sense telling that to the smart traders - the ones still benefitting from a multi-TRILLION dollar industry that will not go quietly. While in developed nations, bidding adieu to crude may happen "SOON" (within 15-years), developing nations will remain...

BDRTrigger33 Updated 

$GUSH trending parabolic as $USOIL looks to surpass 43/b. This is an ETF that 2x bull runs Oil, which is a clear LONG at this moment. Entry now isn't horrible; there's plenty of room to run as the previous relative-highs indicate on $GUSH. Happy Trading! BDR

BDRTrigger33

Since COVID SZN (covid season) began, on what we will call Mar 20 (low point) to now, the HIGHEST $USOIL has traded is just over 43/b. It seems set to retest that mark, though I doubt that it gains the steam to forcefully pass the round-number. I indicated in previous updates day traders have shifted their support line higher, but the resistance to this uptrend...

BDRTrigger33 Updated 

A bull run is certainly en progress for $USOIL and oil-related stocks. That said, it has yet to pass 42/b, and there is a looming sell-point for many hinging on the previous high of 43. It is struggling badly to climb a resistance mid-41s, and that is stalling the bull run at least momentarily: Monitor this closely w/ alerts set both at 41/b and 43/b. Right now...