MikeMM

MikeMM Updated 

Would be a great place for a long when we get there, could short the way down. Invalidation = break above descending traingle.

MikeMM Updated 

Higher than the dot com bubble. At best the market will find a top shortly, and go sideways afterward. Probably doesnt make new highs, and just goes sideways, and maybe even new lows. until GDP catches up...

MikeMM

Looking for a potential harmonic here. Support is highlighted and lines up.

MikeMM Updated 

My guess is that we are going for a crab. The reason I think this, is that the rest of the market seems to be corrective, and i think it drags this down with it. The sloping white line is actually a long term trendline which would be the 3rd time hit. Would make everything look really pretty.

MikeMM Updated 

Just earning yield in cash for now. No positions in any stock commodity or crypto.

MikeMM Updated 

Sure tech can have another couple % up as the rotation is underway, but this chart looks quite convincing to me especially with the weekly bullish div on the macd. Then we have a bullish engulfing weekly candle... Atop of that, last week Cramer said this oil rally should be faded. Buffet has been buying oil (oxy) which is also an interesting play. Although he...

MikeMM Updated 

Theyre sniffing something out, anyway. were forming a bearish descending triangle... I suspect this breaks and brings us back to support. maybe lower.

MikeMM Updated 

Oil is mainstream newsworthy now, attracting all the spergs>> Invalidation would be simple, it breaks above the wedge. Target could be bottom of wedge, support highlighted green, or maybe even lower... but will go down that road if we are closer...

MikeMM Updated 

If we see a reaction at the completion, look out below. I dont think tech is going to go much longer without a pullback. The last few stragglers are fomoing in right now.

MikeMM Updated 

Looking for big moves in energy. Natural gas looks fantastic. A key level from history has been defended, markup next?

MikeMM Updated 

Looking for quite a large rally here, sure there are better plays IMO like First majestic silver, but this is a safer play. And I'm pretty sure if you're Canadian that you will get eligible dividends. Anyway, the chart speaks for itself.

MikeMM

Weve got a completed harmonic and a common retrace is in order. The 200 week moving average should act as somewhat a support, we may break through a little bit but thats normal.

MikeMM Updated 

This would line up with the volume profile, and an obvious support.

MikeMM Updated 

Sure tech can have another couple % up as the rotation is underway, but this chart looks quite convincing to me especially with the weekly bullish div on the macd. Then we have a bullish engulfing weekly candle... Atop of that, last week Cramer said this oil rally should be faded. Buffet has been buying (oxy). Although he is not an immediate reversal signal, it...

MikeMM

But only so much money to go around... i really need to pull from something and put a little here.

MikeMM

nor events. Or would a fundemental analysist like to chime in here and explain why nes of going bankrupt sends stock soaring over 1000% in 2 days? Nothing to be done here, just observing the chaos in markets. This is an obvious sign of inflation wave #2 INC.

MikeMM Updated 

but worth the dice roll IMO. the coin flip. the hand May the odds be with you.

MikeMM Updated 

And its at rock bottom. type 2 return after a completed harmonic. I bought today.