SmoothJB

SmoothJB

TransGlobe Energy Corporation (NASDAQ:TGA) is getting ready to come out of a bullish consolidation pattern in the next few days. A close above $4.08 gets the party started.

SmoothJB

Nice breakout on Gold Resource Corporation (NYSEAMERICAN:GORO) on 2x the daily average volume, positive MACD. Look for a quick run to $2.14 then on to $2.3

SmoothJB

Agilon Health Inc (NYSE:AGL) had another impressive trading session. I feel the stock looks poised to breakout in the coming sessions as attention appears to be returning to the stock via price gains and volume.

SmoothJB

Appharvest Inc (NASDAQ:APPH) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

SmoothJB

Camber Energy Inc (NYSEAMERICAN:CEI) Nice big bullish engulfing candle on heavy volume Friday closing back above the 50-day EMA. Looking good to go higher.

SmoothJB

Imperial Petroleum Inc (NASDAQ:IMPP) is setting up to take this resistance over 3.45 out

SmoothJB

The British pound gapped lower to kick off the week against the US dollar, only to turn around and fill the gap. Ultimately, we have seen enough selling pressure that the market turned right back around, closing just a bit above the 1.32 handle. The market breaking down below the 1.32 area would open up the possibility of a move down to the 1.30 handle, which is...

SmoothJB

The Australian dollar has been a bit of an outlier during the course of the week, as it continues to strengthen against the US dollar. Perhaps this is an indication that the market is looking for the RBA to raise interest rates, as the New Zealand central bank did. That being said, the 0.75 level could be targeted, and you should also keep in mind that it is...

SmoothJB

The British pound gapped lower to kick off the trading week, showing signs of risk aversion. The market turned around to fill that gap and then fell apart later on. We continue to see a lot of concern around the world for multiple reasons, not the least of which is the war in Ukraine. The market touched the 50 week EMA during the trading session on Friday, but I...

SmoothJB

The euro gapped lower at the open for the week, before turning around to fill the gap. Now that we have filled the gap, the euro has proceeded to fall rather significantly. Because of this, we have now cleared any doubts as to which direction we are going, and now it looks as if any time we rally, traders will be looking for an excuse to start shorting. I do not...

SmoothJB

The West Texas Intermediate Crude Oil market has been all over the place during the trading session on Thursday, as traders continue to try to price in a bit of a premium for Russian aggression, and of course, the fact that most shipping companies will have nothing to do with transporting Russian oil, effectively taking 10% of the world’s inventory off-line....

SmoothJB

There is absolutely nothing on this chart that suggests we cannot break down below the lows, so I do think that Stellar Lumens could very well go looking towards the $0.15 level. On rallies, this is a market that should continue to be sold until we can take out the 50 day EMA above, which is currently sitting at the $0.22 region. As long as we stay below there, it...

SmoothJB

Gold markets have gapped higher to kick off the trading session on Thursday but then went back and forth as we continue to see a lot of noisy behavior. The $1920 level has been broken significantly, and now it looks like we are trying to work off some of the excesses. At this point, the market is likely to see a lot of volatility, but it is more likely than not...

SmoothJB

Bitcoin has fallen during the trading session on Thursday as the 200 day EMA has shown itself to be far too much to overcome. At this point, the market is likely to continue going lower, perhaps reaching down towards the $40,000 level. While a lot of people were droning on and on about how Bitcoin was going to “go to the moon” again, the reality is that we are not...

SmoothJB

The British pound has tried to rally during most of the month of February but continues to find quite a bit of resistance above. I believe that sometimes the market screams at you, and other times it starts to whisper. As things stand currently, it looks like a sideways market that is struggling to break above the top of a trendline. However, the market may be...

SmoothJB

The Euro has had a rather tough month of February, as concerns about war on the Ukrainian border have caused a bit of a flight to safety. Furthermore, we have seen a lot of volatility due to the fact that Christine Largarde finally admitted that there was inflation in the European Union, and it was something that the European Central Bank was aware of. Traders...

SmoothJB

Oil markets have been very volatile during the month of February, but by the time we started to close out the final week, it should be noted that the gains were fairly temperate. This is a bit surprising considering that Russia has invaded Ukraine, and there of course was a natural reaction that the price of oil was going to go higher. However, Western...

SmoothJB

The US dollar has been all over the place during the previous month as we squeeze between the 50 week EMA and the 200 week EMA. The 1.29 level above is significant resistance, extending all the way to the 1.30 level. That is a 100 points range of resistance, so if we can finally break above the 1.30 level, then the market is free to go much higher. I would point...