MikeMM

MikeMM

Three drives of bearish divergence, proof of diminishing returns cycle once again, proving that next cycles diminished returns will not even break new highs after the bear marker...if there even is a next cycle... which I doubt will occur since the only appeal of bitcoin is to get rich quick and once it loses that then its over. Anyway, i would call for zero but...

MikeMM Updated 

Analysis: Looking at the daily chart for Crude Oil, we appear to be seeing a very compelling confluence of bullish technical signals that suggest a potential significant reversal to the upside. Textbook Falling Wedge Formation: Price action is clearly consolidating within a well-defined falling wedge pattern. We have observed multiple clear touches (3+ on the...

MikeMM

"A bull market is like sex, it feels best just before it ends" would like to draw attention to the bubble stocks and crypto right now, providing a definitive definition of mania. The argument for a lost decade is in order. The first decline in the spx will be aprox 55% to 2800, likely to recover its highs similar to how the market traded in the 1970's

MikeMM

Bearish divergences everywhere, like last time. Trump led you fools to the slaughter. But you deserve it, so be it.

MikeMM

I took a position in hershey for a few reasons. One is that it is at the bottom of the range, second is that it is showing bullish divergence on the MACD, and third is because the price of COCOA looks to me as if it is on its way to test the 200 week SMA (50%) down. Cocoa down 50% will be a direct tailwind for this company. All things considered above, you can...

MikeMM

Correction inbound. nothing to worry about, heading higher afterward. Rotation out of gold into other commodities needs to occur before it runs higher. Everything will be re-rated vs gold. Oil/gold ratio is a great example. silver/gold ratio is another.

MikeMM

The horizontal grey lines are yield curve inversion dates. Just take a moment to look at the long term trend, then the similarities to prior cycles (used some green and red circles to help visualize) 200 week SMA has just tested as support as well. Williams % monthly bottomed out Bullish div on monthly MACD I prefer buying OXY over CVX but some people like...

MikeMM

Within a falling wedge, putting in RSI and MACD bullish divergence. cool company too, I wouldn't look past this one.

MikeMM

Historically, when these 3 indicators RSI, MACD, WILLAIMS, align at lows and turn up on the weekly timeframe, it h as marked the bottom, or relatively close. The 200 week SMA acting as support, and there is a clear "double bottom" attempt occurring. This is another staple for the portfolio, you have to own a railway, especially during inflationary times.

MikeMM

In my view, Google is a MUST HOLD for all portoflios. There is a risk for 25% downside from where we sit on the chart, depending how you interpret it. Or perhaps this is the bottom with an inverse head and shoulders using the 200 day moving average as support. This is a coin flip in the short term. If the coin flips up, then you will likely never get a chance...

MikeMM

Briefly fell below support on a market wide capitulatory event quickly recaptured moved back down to retest support bounced for a higher high now putting in a higher low with a bullish engulfing daily candle making this look like 3 rising valleys. Williams %range indicator is very low on daily monthly and weekly. Business is doing well, and it has the...

MikeMM

Above historical support/resistance line Weekly Bullish Engulfing Candle RSI and MACD Divergences Daily/Weekly/Monthly Bottomed out WILLIAMS% Daily/Weekly/Monthly turning up on daily now. 7 P.E TOP EARTIME for PAID CONTENT including YOUTUBE/Spotify/Netflix Lowest CHRUN, even lower than NETFLIX VERY CHEAP compared to SPOTIFY BERKSHIRE now owns 31% of...

MikeMM

CNR has always been a good buy around the 200 week SMA, even if it has taken some time to consolidate here first. Broadly I think markets are going to turn down, so the rally here will not start right away... The MACD averages have swung down again, implying more consolidation. I dont think I have to argue fundamentals for this company... theyre great. Upside...

MikeMM

Rising wedge into bearish weekly RSI divergence and bearish weekly MACD divergence. market is massively bubbled and about to unwind. wont be blatantly obvious till election is over though, so convenient right? Also, oil stocks about to outperform everything on earth.

MikeMM

I don't own any of this, I dislike anything Chinese. however, if you're willing to trade a turd, this looks like a nice turd. Divergences are clear on MACD and RSI. Support is defined and stop loss FOR SURE below it.

MikeMM

Support has held once again, for now. a 3rd failed breakdown suggests that were going higher. trendline support. Buffet likes the stock Li Lu likes the stock I like the stock Daily MACD crossed up.

MikeMM

The support we are at was created over 20 years ago. Were getting weekly bull div on rsi and macd. This is a small position, 2% of portfolio. earnings is going to be a wild card here.

MikeMM

Taking a 5% position of portfolio here. looking to take profit at the box between .5 and 886 fib. This is a premature assumption of bullish divergence on the MACD, prefer to see it reverse first but I like this company.