Yogigolf

Yogigolf

TLT is finally starting to look like a buy. With a significant pullback it looks to be at the lower trend and price volume profile.

Yogigolf

With lower highs it looks like oil could easily break down here and revert to the moving averages and price volume profile.

Yogigolf

Very similar fractal from 2010. Would be aiming at the 1.618 fib

Yogigolf

The change in US OIL prices has been one of the largest contributors to the inflation rate since the gold standard has dropped. So there is no surprise that inflation is currently high with the rapid increase from the covid lows at $20 to $130 with the Ukraine invasion. If US Oil drops in prices or trends sideways I would expect to see inflation drop off,...

Yogigolf

For the last several months the only driver of the market as been the expectations on the future fed funds rate. As you can see as the Fed Funds have free fallen ETFs like ARKK ( which are a good representation of speculative growth stocks ) have fallen in tandem. In contract defensive sectors like XLP continue to make new highs. The Fed was projecting 3 rate...

Yogigolf

XBI has a strong correlation to the general market and I believe it has put in a significant bottom indicating we should be getting a broad based market rally in the months going forward.

Yogigolf

$CRM is looking like a pretty tremendous value here and is coming off its bottom trend.

Yogigolf

It certainly seems the bubble has popped in ARKK, but is the bottom in or is there still further downside? We are entering a major area of support so should expect a bounce. The structure has many similarities to the 2000 bubble with the brief consolidation after the top was in followed by a extremely sharp leg down followed by some bounces and further moves...

Yogigolf

$AMC is fundamentally trash, while they managed to raise a lot of cash by diluting their share base, from 100 million shares to over 500 million shares, this extra cash is only slowing down their inevitable fall. They are expected to keep losing money in the foreseeable future which will continue to burn their 1.6 billion cash they have left. Their balance sheet...

Yogigolf

CMCSA is looking like an attractive buy, valuation looks overall pretty good. Currently just tested the 200wma and lower trend that has been forming.

Yogigolf

Oil looks to be at resistance now and is starting to be rejected. Looks like it could trade down into the low 70s

Yogigolf

The last two times AMZN visited the 150WMA it acted as support and have a very strong reaction. Additionally RSI is the most oversold since the 2009 crash. Based on previous history it looks like AMZN could rally to $6000 by the end of this year.

Yogigolf

PayPal is looking like a good value for a long term investment. TA wise this general area looks like a strong support zone as shown by the price volume profile (fractal is from Netflix) Paypal is projected to have 20% yearly growth going forward and by 2024 EPS is expected to double. With a current PE of 29 and forward PE of 23 its starting to look cheap...

Yogigolf

It looks like small caps will severely under-perform the S&P500 with the current trend,

Yogigolf

Arkk has pierced the 200wma similar to how it did during covid. Can it go lower? yes.. but when it reverses I would expect it to go up at the same rate it went down into the $120 area. I would not count on ath since a lot of the names that rallied hundreds of percent after covid in this ETF are 80% down and don't look like they will get to ath anytime soon.

Yogigolf

Interesting this recent crash/correction has the same structure as the Covid crash and therefore the 2008 crash as well. I am seeing a log of signs the bottom is forming. This is how a recovery could look following the same pattern as the covid crash recovery.

Yogigolf

Once of the largest crashes in XBI history and one of the most weekly RSI oversold readings. Retesting the highs of the consolidation from 2015-2020 there should be huge support here and likely a big recovery.

Yogigolf

With over a 75% crash stocks like TDOC have come down to price levels they were below covid. These are large consolidation zones from before which should act as a huge support.