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BRK strong recently; benefit big from rising I-rates. Should be decent performer. An /A holder so it’s been good. 

SBUX near target range; 10pt

SBUX Updated View

Posted by mitchell on 11th of Nov 2022 at 10:04 am

SBUX near target range; 10pt gainer 1 wk.

pop on earnings out of

SBUX Updated View

Posted by mitchell on 4th of Nov 2022 at 08:24 am

pop on earnings out of triangle. Was selling calls against position, now should run up to the higher LT upper trend line near 98. Similar setup to GILD from last wk. 

Sold GILD on $5 pop. Still good LT. 

No divergences on any timeframe, bull flag intraday all point bullish but right at LT downtrend resistance  

@Steve - would you consider

Posted by mitchell on 18th of Oct 2022 at 04:05 pm

@Steve - would you consider SBUX daily forming a Wave 4 triangle? Thx

I dont want to add

Expanded Flat

Posted by mitchell on 29th of Sep 2022 at 03:26 pm

I dont want to add fuel to a fire but confusion may be related to an earlier post stating Gray option as primary, but now appears Red option was primary.

DENN is one of the

DENN

Posted by mitchell on 20th of Sep 2022 at 09:18 am

DENN is one of the only reasonably priced eat-ins in Waikiki and is always busy there. 

No not at all. Opportunity

Short FDX Daily View

Posted by mitchell on 16th of Sep 2022 at 08:33 am

No not at all. Opportunity to short if a pump and dump rally occurred based on that thesis. 

Not a prediction but wouldnt

Short FDX Daily View

Posted by mitchell on 15th of Sep 2022 at 10:33 pm

Not a prediction but wouldnt be surprised if SPX doesnt sell off in ST b/c traders view FDX news as positive in that Fed will pivot or pause…bad news is good news

I believe Fed starts balance

Posted by mitchell on 15th of Sep 2022 at 12:58 pm

I believe Fed starts balance sheet QT today. Don’t have exact schedule but it’s out there somewhere. In past there is high correlation with market direction on those days. 

Opex Fri 9/16. 

Cautious shorting USD. While it appears overextended on ST technicals, you are correct on fund flows...listened to interview on fundamental reasons USD will likely go higher...same take away. Weekly and monthly charts bullish as well w/ minimal divergences.

Not one I use but glanced at it today as I scan indicators...seems to indicate near ST top similar to early 2022, but not conclusive as you mention.  

Timebandit - Whats your take on $TRIN indicator reaching lows...implies market top...?  Lots of contradicting indicator signals out there, which makes this market treacherous. 

Selling a lot of holdings

Posted by mitchell on 16th of Aug 2022 at 02:32 pm

Selling a lot of holdings in tranches during this strong run. Seeing more parabolic patterns; once heard saying when that happens it means 'someone' is in pain on other side...being squeezed or otherwise. Prepared to pivot if situation changes though.

high $NYDNV vol today =

SPX resistance area

Posted by mitchell on 15th of Aug 2022 at 12:28 pm

high $NYDNV vol today = distribution. Gap fill is gift to unload.

NYSE % Above 50DMA nearing resistance on Monthly PnF chart; long tail up. Supports selling into resistance, not bullish how I see it.

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