Lanmar

Lanmar

I was at a BBQ this weekend and a friend asked me how high could Ethereum go in *THIS* cycle. The answer is always the same - I don't have a clue, but you should say long. I looked at the chart later that day and asked myself if I was forced to pick a number, which would it be? The highest number possible with some logic attached to it. Keep in mind, the chart...

Lanmar

Yes market looks like it'll breakdown, but it always does before it doesn't. For the time being we have one trendline to work with (I prefer calling them demand lines because that's the logic behind the voodoo - it's where buyers historically step in and absorb supply, that simple). Economics 101: supply and demand curves. Demand for price increases with time,...

Lanmar

(APPS) Digital Turbine has been consolidating all of 2021 after its market leadership last year. Difficult to say if that same leadership will continue, but the evidence suggests this is a good spot to put APPS back on the radar for a long position. A view applying the 50 day and 200 day moving averages: The Monthly...

Lanmar

The 50day MA has worked well in the last year for both supply and demand levels. Notice price is correcting toward the 50dma again which also corresponds with the trendline before both of its parabolic breakouts. Between 100 - 110 is probably going to be key for dip buyers

Lanmar

LVS is retesting its covid peak lows of March 2020 and at a 10 year support. With China's tightening regulation on casino's, Las Vegas Sands looks in trouble as it has significant exposure to Macau. There's some clear relative weakness when compared to MGM, which has a much larger US portfolio of properties LVS properties:...

Lanmar

There's some significant alignment at the blue level indicated in the chart above: 1) 618 retracement 2) 50 day simple moving average 3) Volume profile Looking at the daily time frame the 50dsma held throughout the year so I expect that to continue: Odds are we at least see a minor dip from here as September is...

Lanmar

DOGE vs ETH - nearing support (or at support now), which means we could see some outperformance Last analysis on DOGE (I never went long since I thought DOGE was a joke. Joke's on me!) Disclosure: I'm long from .217 - first...

Lanmar

The IBD 50 broke out of its 7 month long symmetrical triangle yesterday on the daily time frame. How it finishes on Friday will be key for the weekly close The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index. Here's a link to its holdings (updated...

Lanmar

ENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%. Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again. I want to be long the strongest solar name. When you take a quick look at ENPH...

Lanmar

We're approaching a window of time to stay on your toes. (Does not mean sell everything - we're in a stock pickers market and a lot of stocks will continue doing well.) If you look back to the inception of the VIX (early 1990s) you'll see the wedge is a pretty good classical charting pattern to apply and have some sense of potential VIX rallies. Not an easy...

Lanmar

Update to this post: Looks like AMZN will not replicate NVDA's price action! Amazon is set up to have a false breakout today and get back in its 12 month+ range. Anywhere between 3250 - 3300 is likely going to be major...

Lanmar

Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week...

Lanmar

This is a basic look at how you could execute a trade based on the daily, weekly, and monthly time frame with exit rules that fit your risk criteria. In trading, we're timing entries based on signals. The signals on MDT are seen on the monthly, weekly, and the daily time frame, which for me triggers the entry for a longer term position trade. On the daily we...

Lanmar

SIRI gives me Blackberry vibes. No one paid attention to Blackberry and thought the bulls were crazy for getting long in the 5s and 6s. You could see some of the comments in this post on BB here from Aug 2020: Tightness in volatility is what traders look for. Especially multi-year...

Lanmar

Tesla's been tightening just where I want it to be tightening before it makes a big move - for me that's the 50 week moving average, where it held during the Covid meltdown. Since its top in January, volatility contracted in the form of a bull flag. With earnings coming up in 4 days that looks like the catalyst to ignite a move in either direction. Based on...

Lanmar

ECB interest rate decision is in about 2 hours (13:30 CET). Price action suggests a rebound from these lows. The written summary below is NOT MY WORK - it's copy and pasted from BK Asset Management research (Kathy Lien) and why they're bullish ahead of the interest rate decision. I agree with all points, but most importantly so does price action. On the eve...

Lanmar

All major gene editing stocks look like they're on the cusp of big moves higher. (See last post on NTLA) Zoomed in on the shorter time frame we have a trigger off the 618 4hr retrace. There's some overhead supply in the 50s for shorter term targets, but this is a long term play with...

Lanmar

Tight at the 21 day moving average and coming out of the wedge here Breakaway gaps like these tend to be very bullish