KR hmmmm

HD weekly, longer term look shows it came down into the prior breakout resistance

Youtube video finally uploaded - apparently Youtube had an outage, tons of people were complaining about their videos taking forever to upload

Youtube Video  Thursday  May 2nd, 2024     - watch in full 1080 resolution on tablet or desktop NOT your phone

PLEASE leave a like and comment, helps the Youtube Algorithm to get out stuff more visible - I appreciate the support!

Newsletter Thursday May 2nd  standard Webpage Format  - contains all the dynamic chart links

Coincidence theorists

Wheres the tip jar?...lol..

This is currently only on the Admin view, but we'll add it in for everyone tomorrow - a new column on the right that shows the last trade %G/L.  Not bad trades there

https://metro.co.uk/2024/05/02/boeing-whistleblower-dies-suddenly-claiming-safety-flaws-ignored-20760390/

I guess a second coincidence?

or maybe Boeing got some help from Putin LOL, as he's good at offing people

on MRNA at least KISS was already long prior to today

https://breakpointtrades.com/ts/view_chart.php?s=MRNA&g=NASDAQ_100 

WMT - Chart Link- pattern to watch

HD - Chart Link- one of you put this out earlier, nice coil

AMD - Chart Link- if the market does want to go back to highs, AMD is in an interesting area now, big big support in here and around that 200 day MA

FUTU - Chart Link-

CENX - Chart Link-

HTZ - Chart Link-

TMDX - Chart Link-

FE - Chart Link-

We had a perfect 1:1 abc move up and and the S&P 500 fell 110 pointsfrom 5123 to 5011 and was a great short- as did most instruments - that played out. So that statement was correct, after an abc or 1:1 move we get a deep retracement - I don't know what is confusing about that. We warned to be on a lookout after that abc move and a 110 point move down on the S&P 500 is pretty large

I Never said or confirmed that the ABC high at 5123 was the high and that we were going to a new lows - if this is a larger wave 4, it should take a few months to play out, not go down and make a new low and be over so quickly - the last wave 4 in the fall last 3 months - this correction has only been about 1 month long. Time symmetry

I was more favoring that move up to 5123 as abc of A, and a deep B retracement but a higher low(not a new low), then another C up. The bullish view is that we just go back to the highs.

again -this is why we don't like to put these counts out often because guys take them and hold you accountable, even if they don't understand it or interpreted it correctly.

focus and know your levels (demand/support and supply/resistance zones and triggers

These posts probably confuse some people. I personally was still considering that it could be a wave 4 of 5 of some sort (which appears more plausible now)

NFP - not sure why people still pay attention to or trust this number.  They allow counting illegal immigrants as new hires but don't allow counting them on the reduction side or in the unemployed and/or laid off numbers. To say it's rigged is kind of an understatement. Silly. 

SPY - Chart Link even with the move after hrs, price is still not into that resistance zone above, trading around 506.7 in after hrs

$SPX - Chart Link- we had that perfect 3 wave move up - the bearish view would be a completed ABC. That said, I have not favored that and price would have to dump from here immediately.

the other option I've been favoring is that 3 wave up move was abc of A, with the deep pullback higher low wave B, and now we go up in wave C to the 61.8% Fib or higher

the super bullish count in green would have the first move up in a nested 1/2, 1/2, and we'd go up in a wave 3 and go to new highs

SPX - messy chart but if we take out this range the move measures up to about 5200, roughly coincides with a touch of the broken channel and would be relatively close to the 78.6 fib (still slightly below it). Of course, this would blow out most peoples favored EW counts going into today, but that happens (especially when lots of money being printed).  If we don't go any higher, it's an H&S pattern. In a normal world I would think this is more likely....but we're in an election year and the Treasury just told us they are increasing debt issuance by 40 on a 200 base and printing more money for a massive buyback - it's not a normal world.

*Broken channel in the middle is the flash crash from Israel / Iran that most won't see on their charts unless using OANDA. 

It's one of the easiest fundamental shorts on the board....but it has been for years now. I have made money short on it, but it's always tough with a cult stock like this.  But there aren't a lot of more obvious shorts, so I have done it anyway at times (like tomorrow if this pop holds).

Maybe get Siri to work first if you want to say you're going big in AI??