Harley_Drake

Harley_Drake

For months we have seen the dollar take a beating while the stock market rises to epic proportions. Its so easy to "Buy the dip, bro" without thinking of the consequences of what an everlasting market means for the rest of the economy when the economy is already in bad shape. Since we all know the Fed is not going to allow the market to take a huge dive before the...

Harley_Drake

As a scalper, my whole method depends on wedges, moving averages, trolling stocks and looking at the overall picture through indexes and daily-monthly views for things to take advantage of. DGLY or Digital Ally, the premiere body cam company, has been sinking for a while since June. However there is a noticeable trend; it tends to sink in August and go up in...

Harley_Drake

Since TVIX has made its all time highs in March its been falling gently down for months with a few nice spikes inbetween. Since then its been less of an opportunity and more of a beware for all bears, the market is STILL going up. I posted a few days ago about the dollar possibly leaping around Sept 11th and low and behold, it lines up roughly with our TVIXF as...

Harley_Drake

Alibaba is said to be the next Amazon stock, but right now it's still in its early phases of growth. Recently they were added to the Heng Seng index and they will have earnings next week on the 20th of August. So we know what that means! Alibaba may have one last dip for traders to grab it a little lower before moving up from the 18th of August where it could...

Harley_Drake

Silver Futures dropped today as we all suspected it would. So what now? Is Silver having a difficult time getting to the next level on the fibonnaci scale? It went up there before in the grey area, but it flew too high too fast and after struggling to go any further, dropped back down. Silver has been making astronomical gains since its arrival and traders have...

Harley_Drake

September 11th is an important day for so many Americans and one we will never forget. However is the DXY indicating a different kind of problem on that day? For now, I have a wedge that ends near that date. It could be Sept 11th or Sept 14th where the DXY may spring to life and cause a pullback on the market. This would not be good for plenty of johnny come...

Harley_Drake

Two months after UCO reached the top of its channel, it had moved down and slowly meandering its way back up again. But what if UCO is slowly ascending to the next level? Its drop on Aug 12 might have been a set up to try to gather enough energy to continue moving upward. However, it won't be without drops and sideways movements in between. The next level to reach...

Harley_Drake

Ever since they took TVIX out of the picture the volatility favorite has been sinking harder than the Titanic. Not like it wasn't already sinking. Since reaching astronomical heights in March, TVIX gains have been getting smaller and smaller every time. Now it seems like this favorite is close to a viagra shot. Its hard to tell where this shot would go though and...

Harley_Drake

I've been studying the ETHE chart a little bit lately as I am less familiar with Cryptocurrencies than some people are, but I've heard of Ethereum (ETH) being the next 10,000 dollar coin (insane....). Since Bitcoin is way too high for me to catch it seems ETH would be the next big bet. Now ETHE is NOT ETH. Its a derivative of the 300+ dollar coin, however its much...

Harley_Drake

For those who havent taken profits from Nikola's awesome earnings day, Nikola might be in a mega bull flag on the daily. Since June, Nikola has been slowly sinking downward and has hit close to the bottom. Today is the first day Nikola has risen outside my wedge formation and it looks like it needs ONE more down turn before it springs up like a mad man. Up above...

Harley_Drake

Since NQ started that awesome batman pattern back on July 20th, It has been swinging wildly up and down. But we find ourselves back at the top of the channel around 11,000 where anything can happen. So far NQ has burned up to tap a bit over 11,000 and correct immediately. We expect no different this time, but that doesnt mean it cant break out and fling itself...

Harley_Drake

For those that stuck out the weekend of a month ending and after earning's week, you are one brave soul. Sure every Monday has been a green day, but the higher our indexes go, the riskier trading becomes. Or at least it seemed so until today where Apple ran up the hill like a beast as soon as the day started. But then stuck to a trading range for the rest of the...

Harley_Drake

With the dollar hanging so low these days, Oil has been perking up a bit from its deadened state. The chart you are seeing is the OVX or the volatility chart for Oil. Oil is ready to go somewhere, but where is a hard enough question. August might be rocky considering July's very odd end of the month close, fed week, and earnings time period. The Nasdaq has finally...

Harley_Drake

The market really likes 3s...sometimes 4s, but mostly 3s. This is a pattern I love to test out all the time, because I'm an uber nerd and designer at the same time. Patterns are my jam. So generally the rules of head and shoulders are that the bottom candles/wicks have to line up roughly the same...where you can stick a line through it and you aren't cutting off...

Harley_Drake

The past few weeks we've been having a shimmy down with the DXY. NASDAQ called its top back around July 13th and hasnt looked back since. Everytime we are about to have a down move, DXY does what I call the, "Dollar Dump." The Dollar Dump is a warning sign that DXY is spring loading to rocket up which means that indexes go down. So if you see several red candles...

Harley_Drake

I've been curiously watching natural gas for the past month on and off learning more and more about it. It has a season, mainly the winter months, but we do sometimes see spikes in the spring months. Gas has been in a really nice pattern for years on end and its finally shimmied its way back into the buy zone indicated by the green box below. I've found that when...