Posting this comparison to see how it plays out. SMCI is moving much faster than ARKK did during the covid boom, hence SMCI 1d vs ARKK 3d. If this plays out, this is going to get real interesting real fast.
PFE has a hideous chart, and while it may bounce short term to the $28-area, I don't have much hope for it to build any sort of notable rally without some significant accumulation period. So many better opportunities out there for now imo.
ANF, one of the silliest charts out there, you'd think it was a tech company. Up >500% since this time last year Guessing when this parabolic advance breaks down, this heads closer to 100, but in the meanwhile, just watching the craziness.
Workday with an interesting chart - obvious head and shoulders with an obvious gap below it. RSI looks meandering, but considering it's recent trend something tells me its too obvious, but we'll see. If this breaks down, I would guess it retests the 230-240 area after the filling the gap. If it bounces, look to the 278-283 area for resistance.
VTLE, has been accumulating after bottoming a few years ago and recently broke out of the down channel of the last 1.5 years. If the recent moves in the oil and energy sector continue, this has room to run. If this continues, I would like to see it retest the 62-63 zone successfully and hold it convincingly.
Publishing the t-mobile chart. It has had really good momentum as of late, but stalling out. I would like to see if it can hold the area in red, 145-150, as a healthy pullback. Needing some consolidation in that range before coming back at the 165-zone. Pretty clear volume areas in this chart.
Sharing the LQD chart for investment grade corporate bonds. Looking at the way interest rates are moving, if this breaks down, I would expect this to coincide with a short term top in equities. This is also matching up with some of the weakness TLT is currently showing.
Looking at SHOP, retesting it's previous resistance area. If this market continues on the current upswing, I am expecting this to make up for lost time. Great accumulation from April '22 bottom, looks prime to go off. Let's see.
For the sake of continuity, publishing the FTM chart for this cycle. In my eyes, if we get the supercycle everyone is calling and we don't get $5 FTM this time around, it'll have under-performed. This is one of my favorite cryptos to chart, for reference: Previous accumulation idea: Last cycle's pre-breakout idea:
Publishing XLF to see how the financial etf does going forward. It's at the decision point of either breaking through to new ATHs or possibly forming a double top in the higher time frames.
Publishing an updated WOO chart to continue tracking it. The road back to $1 needs WOO to break out of this cylinder, in a similar manner to RNDR. If this can get past the .6-.7 and hold it successfully, the move to 1 should be fairly quick. All contingent on no drastic BTC moves.
Doordash appears breaking out of it's ascending cylinder after bottoming in 2022 and accumulating for the better part of 2023. If they have good earnings outcome and can get past the 130-135 zone, it has room to run. If they shit the bed with their earnings, can't imagine this holds the breakout. Regardless, leading up to their reporting, this is one of the...
Publishing the SPX and BTC price action side by side to look back at when it is all said and done. Interested to see how this plays out. Let's see how SPX behaves when it reaches 5100.
Looking at Blackstone - recovered from it's drop in 2023 and showing strength going into the 3d pivot. This reminds me of the SPX chart before it ran to ath. With earnings behind it, if can go through 132-135 range and hold it, that it goes to ath. Otherwise, look for the 118-120 range for some consolidation.
AFRM, moving like a crypto chart after it's last major sell off last year. After bottoming and accumulating throughout 2023, it went through a ramp up in Q4 '23 and started 2024 with a retest and is now moving back up. Similar to SQ, if this doesn't shit the bed in their earnings report, this has room to run to fill gaps through 60. Let's see how this plays out.
Tracking Block Inc., this has been consolidating in the same range over the last few months and looks to be forming a reversal inverse head and shoulders. Barring any major market shocks, I can see this jumping to the 75-80 range in the next few weeks - as long as they don't shit the bed with their earnings.
USO, looking to be forming a double bottom within a double bottom off a long-term trend line. Personally looking for its reaction in the 72-73 range before any further assumptions, but if this gathers steam, I could see this reaching 76. This is important for the overall inflation narrative, with energy being such a large component of the CPI.
GRPN went on an incredible run to close out 2023. It's filled the October '23 gap. But, that's 3 times it's gone at the same zone and failed to go through it. All this while forming a nasty negative divergence on the RSI. If this can hold $12 convincingly, i expect this to revisit sub-$10 come Q2. In my opinion, this is bearish until it can claim $14.25 and hold it.