The tiny $BTC RSI downtrend was broken yesterday BUT it still has LOWER highs over last week & since mid Jan IMO we have a good chance to push higher, we just had highest high in a long time today, but it will likely go a bit lower first #Bitcoin tests breakout area? #BTC shorts not much Again, am still a believer as we are out of bear BUT looks a lil weak atm #crypto
$NDX is still moving well Fibonacci levels have HELD well many times since OCT Originally when we called BULL Next Fib level is 78% The most likely target sine there is no MAJOR resistance along the way 12Month #NDX is interesting, no? #stocks $QQQ $TQQQ $SQQQ
Excuse my absolutely HORRIBLE art skills😄 $VIX USUALLY stays close to a "bottom" for few days Kind of an exception = yellow We're closing in to lower end of the symmetrical triangle #VIX tends to bounce there $SPX has had issues in this area, it does look better than before Weekly volume on $SPX, see that? #stocks
We never officially declared the bear dead. We've just been CAUTIOUS BULL So far so GOOD! We mentioned that $NDX broke downtrend early JAN Recently broke another IMO this no longer feels like a BEAR TRAP Yes, conditions are terrible & REAL #economy is TRASH but markets are illogical
We posted elsewhere that there was negative divergence Negative divergence is done if we stay anywhere near where we're now THAT WAS SHORT LIVED!!! We called END of $BTC BEAR Mid Feb, with possible pullback IMO 100% CONFIRMATION came mid March Would be shocked #BTC breaks through BLUE line right away We need 1 more HUGE volume rally
Been away for a week, needed time off. Visited family. Did some light trading, mostly closing closing puts sold as most of them expired worthless = We kept PREMIUM! 🙂 - Let's see how markets fared. - As we expected, $NDX has done decently & has kept retesting the upper boundary hit in February. It's breaking above today. BULLISH if accompanied with volume. As...
While the #fed reserve has made it clear they're not stopping rate increases yet, #bonds yields put a top in days ago. $TNX actually did it some time ago! We noticed certain sectors, like insurance, began lowering premiums done time ago. Did they know something was start didn't? Small community banks are getting crushed and if rates crater it may alleviate the...
#Bitcoin struggling in this area. $BTC can still hang around here for a bit but we believe it will break through some time this year. Likely sooner rather than later. There's not much to say here on #BTC. Would keep a close eye on volume as that will, as usual, dictate what direction we'll see in the short term. We close this month around here, even lil lower,...
The $VIX is trading within the symmetrical triangle, still. As mentioned many times over the last year this pattern can take many months to resolve. Long term traders have to be patient until this revolves. Short and intermediate time frame traders can use the tops and bottoms to implement buys and sells to maximize profit. It's what we've been doing. At the...
As we predicted some time ago, $BTC is struggling in this Gap Fill area. Last 2 days #BTC has formed doji patterns, cross like. This signifies a battle between bulls and bears. Hard to call the definitive direction atm. RSI still looks okay. Oversold but in bull markets to he RSI can remain overbought for long periods. We likely get sideways or some lower...
$TNX has held better than short term #yields but could this be changing now? - The 2yr & 1Yr are holding. - Of course, it's early in the trading day so we'll see tomorrow morning how things go. - In reference to the post last week on #yield in 2008, we need to keep an eye on TOPS in these #bond yields. It took 1 year at that time before there was a lower high. IMO...
Once we see a slowdown on #BTC we will likely see a boost to #crypto #altcoins. It's been a while since we've seen more than 1 #altcoinn ripping double digits. We're beginning to see this now: $HIVE $KXA $QTUM $OMG is more than 50%! #cryptotrading #cryptocurrency
Last time we're showing the Inverse Head & Shoulder for $BTC. - The Neckline shall serve as support from here on in. IMO this has to be the end of the bear. We called it a lil early, mid February, but it looked like it then & it's confirmed now. Weekly chart is amazing. - Back to daily. #BTC is getting oversold on daily as we close in on the gap fill, top dotted...
Last week we mentioned buying #crypto #altcoin We spoke on: $AVAX $JASMY $ADA $MANA $MLN $DOGE $TLM $SPELL $TRU And others... We then spoke on taking some profits, sold 1/4 to half of positions on that bump. Yesterday many hit support levels & some are still close to support levels today. Here are some that are still not at bad prices $AXS $ASM $AVAX $FARM...
Recently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this. As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco. CAUTIOUS is the key word. Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!! Weekly chart shows #NDX holding above...
#Yield is moving well today. 1Yr is bouncing back better than 2 and 10Yr. $TNX is not bouncing as much but has not sold off as much as the others. The 10Yr is trading between 3.80 - 4.08. Did we see the top in short term #yields a few days ago? 10Yr on the other hand did not break the most recent high. Interesting to say the least. The last picture shows the...
Didn't get the bottom but got most of this intraday rally. Went green & we covered all exposure done today. Very nice day! Could rally more but WE ARE DONE. Going to park in a few to hang out with the girls. $TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
We can see intraday that #banking exposure is less on the #QQQ vs #DJI Nibbled on #TQQQ this morning. Don't be surprised if it goes green today, at least short term. We may get some sort of push before EOD, doesn't mean risk is over. TRADING $QQQ $TQQQ #stocks