MTA

Posted by matt on 20th of May 2024 at 05:39 pm

MTA - Chart Link- another precious metal stock

SLI nice flag

Posted by matt on 20th of May 2024 at 05:38 pm

SSRM, ASM follow up

Posted by matt on 20th of May 2024 at 05:38 pm

SSRM - Chart Link- new one I gave yesterday in newsletter that hadn't broken out

ASM - Chart Link- followed through, one from weekend

Inflationary market melt-up like hasn't

Posted by DigiNomad on 20th of May 2024 at 05:32 pm

Inflationary market melt-up like hasn't been seen in the United States maybe ever is starting to be the base case I'm hearing on TV and FinTwit. Suddenly I'm not alone! It was a little lonely there for a while, now most of the birds seem to be chirping my tune   
The way these cycles work is that once the majority figure out what's going on (that they are chasing inflationary assets to protect themselves from debasement and the other stories about earnings and AI are mostly nonsense in comparison) then the parabolic move really gets started as everyone panics in as fast as they can.  

JPM closing price looks wrong on the STS tables. I think it already stopped out today.

Bitcoin 4hr

Posted by matt on 20th of May 2024 at 05:09 pm

$BTCUSD - Chart Link- little supply zone in here were price pulled back from

The silly part about that is that it doesn't even look great using the inflation numbers from the gov...which most undertand are not "real"...pun intended.  They're essentially trying to tell you that the market has performed X relative to inflation which they measure as (Y minus all the shit you really need and use in real life). There's a picture of the full equation in the dictionary next to "gaslighting" if you're interested. If you look at purchasing power adjusted, it's much worse....and even that is still with Gov numbers which can't be taken too seriously.

I've even heard Fed Governors admit during interviews that Gov inflation numbers are problematic. One I'm thinking of in particular, when the interviewer asked him "then why do we still pay attention to the Gov data?", he answered "What choice do we have?"  ...and that was a Fed Governor.

If you really think that the market has done that well in real terms over the last 4 years, I have some ocean front property in Nevada I think you might be interested in. I'll give you a great deal. 

ATHs inflation adjusted. Getting more

Posted by mschwand on 20th of May 2024 at 04:26 pm

ATHs inflation adjusted. Getting more attention in the press recently, maybe since we're now just flirting with them. This is from Forbes, and I believe Mike Wilson was recently discussing.

STS tables updated, emails sent

Posted by matt on 20th of May 2024 at 04:25 pm

USAU - that one went

USAU -wow

Posted by elementsix on 20th of May 2024 at 04:13 pm

USAU - that one went hypodermic!

COF testing support

COF a little precarious

Posted by foody518 on 20th of May 2024 at 04:13 pm

COF testing support

GME/AMC making a little late

Posted by mastermind on 20th of May 2024 at 03:54 pm

GME/AMC making a little late day run.

ETherium

Posted by matt on 20th of May 2024 at 03:53 pm

ETHE - Chart Link of course massive move in Ethereum, discussed that on the weekend

$ETHUSD - Chart Link-

ROKU .... Tivo looks weak

Posted by mla127 on 20th of May 2024 at 03:47 pm

ROKU .... Tivo looks weak here 

ANF

ANF ...  

Posted by mla127 on 20th of May 2024 at 03:44 pm

ANF

Nice pop!

ETHE daily   didnt see this until now , doh!

Posted by morton7 on 20th of May 2024 at 03:27 pm

Nice pop!

SOUN Updated

Posted by steve on 20th of May 2024 at 03:26 pm

SOUN - Chart Link - held 9 day EMA and bounced.  

VIX 2hr

Posted by matt on 20th of May 2024 at 03:16 pm

$VIX - Chart Link- the bounce stalled at the steep downtrend channel earlier

however that channel and divergence is still something to monitor

GDXJ, PAAS

Posted by matt on 20th of May 2024 at 03:14 pm

GDXJ - Chart Link- testing the underside of that supply zone

PAAS - Chart Link- testing a supply zone, otherwise the larger supply zone over time is well above

CLSK, MSTR very nice

Posted by matt on 20th of May 2024 at 03:09 pm

CLSK - Chart Link-nice move so far, this is a weekly - the bull case is another wave higher for that wave 5. I bought a little last week and this morning

MSTR - Chart Link- this one of course from the watchlist last week been very nice

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