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gwalch- I will send you an email and further assist 

Gold long term chart - $GLD $GOLD would be interesting to see if Gold makes it down to that trend line eventually

WGMI 78 stopped and then

wgmi

Posted by EricK on 5th of Jun 2026 at 12:15 pm

WGMI 78 stopped and then re-entered: Alert HP KISS: WGMI 78 Minute went Flat @ 62.653, but is triggering a reentry, set STS @ 58.81

There are warning signs for the equity market for sure.  Although the price trend is still up, things like the $NYSI 9 ema , % stocks above 50 ma , A/D line , etc. show caution, especially the $NYSI vs 9 ema in the near-term.

AMRZ, Amrise (building materials, cement)

Posted by EricK on 4th of Jun 2026 at 02:19 pm

Amrise, which hasn't been discussed on this site (I have a position) and doesn't have a lot of history because it's a spin-off...but I wanted to highlight that the insider buying has been nothing but extraordinary.  I had Claude look into it and here's what it says about the insider buying:  "Amrize Ltd (AMRZ) has seen one of the most aggressive insider accumulation patterns of any large-cap stock in the past year, with approximately $67 million in open-market purchases across 31 transactions by at least 9 different officers and directors since its June 2025 spinoff from Holcim — and zero sales. Chairman and CEO Jan Jenisch has personally led the buying with roughly $63.5 million committed across five separate transactions, including ~$2.35 million purchased as recently as mid-May 2026 at prices around $49 per share. The cluster spans the entire C-suite: CEO, CFO, CTO, President of Building Materials, Chief Supply Chain Officer, Chief People Officer, General Counsel, Chief Strategy & M&A Officer, and at least one outside director. With insiders buying through both rallies and declines — and at average prices between $46 and $58 against a current market price in the mid-$50s — the pattern reflects deep, sustained conviction in the company's long-term value rather than opportunistic trading."

The July contract of Wheat

Wheat

Posted by EricK on 4th of Jun 2026 at 01:31 pm

The July contract of Wheat is almost at the 200sma, if it fails there then I can see it developing sort of a downward channel there

METC still trying today

METC Ramaco (commodity stock)

Posted by EricK on 4th of Jun 2026 at 01:06 pm

METC still trying today

thanks, or was that for

IGV software

Posted by EricK on 3rd of Jun 2026 at 02:34 pm

thanks, or was that for Matt (that's his chart)...you must be referring to the post about software I did in January? https://breakpointtrades.com/blog/post/470054/ or 

Looking at the sectors- today is about Oil and a little of Semi's; even UFO (Space) is down today.  I personally added NOG (Northern Oil and Gas) to my long term portfolio today.  It's very cheap.

We all need to relax.

OKLO, ma ribbon tight

Posted by EricK on 3rd of Jun 2026 at 02:01 pm

We all need to relax.  We're all squirrels trying to get a nut.  We're all trying to do the same thing.  I'm not any type of "guru" of trading.  But what I can say is that I've been trading since 1995 and I've survived.  But would I recommend trading to a someone who is not trading already?  No, LOL.  But I'm too deep into it now that I don't know what else to do.

Let's wait til the end

OKLO, ma ribbon tight

Posted by EricK on 3rd of Jun 2026 at 01:53 pm

Let's wait til the end of the week.  A lot of the uranium names were coming to life yesterday, so that factored into my analysis.  OKLO and SMR are also very volatile.  But no, it hasn't been easy, as I hinted at yesterday: https://breakpointtrades.com/blog/post/480666/   The pattern was also objective on OKLO.  Now it broke back into the wedge, could be a fakey.  At the end of the day, unless one has insider information that I don't have, all we can do as technical traders is to trade off of patterns.

NIKL, Nickel Miners

Posted by EricK on 3rd of Jun 2026 at 12:36 pm

Big breakdown today in NIKL.  Terrible.

$GVZ - Gold Volatility Index - contrast this w/the oil one; metals are set up to rally but that haven't which has informational value in it of itself (worrying); plus the $GVZ has lost its long-term moving average

Someone on Twitter/X asked the question "at what point does the current greed turn into fear?" and I think that sums it up

crue oil - $OVX, Oil

Posted by EricK on 3rd of Jun 2026 at 11:07 am

crue oil - $OVX, Oil Volatility Index - I'm keeping an eye on this as it has landed on its 200 ema, 200 dma just below, but it looks like it can perk up anytime from here.

MSFT looks like the same chart as that software sector IGV chart, backing down from supply zone

RGTI trying to break out

Quantum stocks

Posted by EricK on 3rd of Jun 2026 at 10:16 am

RGTI (quantum) Rigetti trying to break out from the flag

SOXL is flying close to

SOXL

Posted by EricK on 3rd of Jun 2026 at 10:02 am

SOXL is flying close to the sun- this is a weekly chart; it tagged 4 std deviations from its 36 week ma twice before, then consolidated, and then made new highs.  This time around it needs to keep pushing and tag $304.  3 pushes to a high, as the old Wall St saying goes?  On the daily chart, the chandelier stop is at $228.

IGV software

Posted by EricK on 3rd of Jun 2026 at 09:48 am

IGV software sector backingdown from that supply zone the past 2 days

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