Lanmar

Lanmar Premium

This stock is a textbook example of long term basing followed by breaking out and historically delivering returns. 1987 - 1991 it consolidated then followed with a 550%+ return from breakout to peak 1996 - 2004: 450%+ return from breakout to peak After 15 years we're seeing similar action seen in its previous major basing periods. The stock is now revisiting...

Lanmar Premium

DXY, also known as the US Dollar index is tightening up around a breakout spot from a 6 year rectangular consolidation. Continued upside is very likely. Original DXY analysis published 5 years ago today on July 1st 2017 (click to open):

Lanmar Premium

First off, I am NOT implying that these two assets actually have a meaningful relationship with one another (correlation of any sort/or if MU goes down so does BTC, vice versa). I am just pointing out that Bitcoin and Micron have had similar price action in terms of peaks and troughs and I want to keep watching that relationship. What's interesting to me is...

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Bitcoin could be approaching a cycle low in the next 3-9 months. Zooming in on the weekly chart, you'll see that price tends to develop a horizontally defined resistance *after* hitting a cycle low and consolidating. Once price breaks out from that resistance, it triggers a buy signal. This is the type of action I want to see to get long with size....

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Weak markets are the best time to pay attention to what's actually holding. When stocks hold in weak markets it usually means institutions are supporting price - they're accumulating the stock vs dumping others. The simplest way to identify this behavior is to compare the divergence in new lows against a benchmark that's relevant for the stock. In this case, I...

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This is the only level I see that shows major support from here. It's also the major breakout level of 2020, which is normal to see retested. ETH likely to continue underperforming BTC based on this chart below showing seasonality and continued risk-off in the market (forced selling/liquidation,...

Lanmar Premium

The buy zone labeled in the chart is my level of interest to get long. - It's the approximate measured target for the weekly H&S setup - 50% retracement from the covid low to the all time high (3550) - 200 week moving average (see chart below) - Horizontal support from September - October 2020 200 week moving average history since 1978:...

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The chart below shows when winter comes, Ethereum is at a seasonal advantage. We're seeing the opposite now as summer is around the corner, a time when Ethereum tends to underperform Bitcoin since its early days. Weekly confirmation is a close below the head and...

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BDX is breaking out on a weekly basis after sitting in consolidation since January 2020 above the 200 week moving average. All week there's been high relative strength in medical device companies like BD.com. Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50...

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With natural gas setting up for a possible parabolic advance (or likely elevated prices), I am looking for great set-ups in nat gas producers. SWN: These types of structures have multi-bagger written all over them.

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Since October 2020 Fantom's respected the 50 week MA. This is the third time it's basing just above it. Zooming in it's engulfing yesterday's high - some resistance at 1.55 but likely to digest it given the longer term trend 2hr chart

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These are 6 randomly selected growth stocks that have been hammered and just rejected off the 50 day moving average yesterday. Watch for the downside trend to continue in these stocks until they're able to at least breach the 50dma. The question is do these stocks make higher lows (if the downward trend continues) or lower lows? IMO if you are a trend...

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Tight above the 200dma + 1 year trendline / diagonal inverted H&S

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Chart above is the monthly time frame of the Hang Seng. It's hard to make this type of analysis actionable, but if this trendline has any meaning, it suggests structural issues that won't end anytime soon... wild times.

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High relative strength, new highs, and breaking out on a weekly time frame. Not many stocks could make the same claim today... institutions need to put money to work. They can't just sit in cash - many are mandated to have exposure. I've heard stories of some not being allowed to have a 10% cash position. So where do they put their money? Hopefully in strength....

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Something I longed today that isn't commodity related Base on base action and high relative strength. Exactly what you want to see in a market like this

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FCX is going to be a major beneficiary with copper breaking out (see below). This is arguably a near 15 year base it's breaking out from. Very meaningful price action here...

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The chart above is a quarterly view (3 month candles) of the Euro against the Canadian dollar. IMO the Euro will be weakest against either the Cad dollar or the Australian dollar (both commodity currencies), but it looks like of all the majors it is in the worst position. EURAUD monthly: EURUSD...