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Heavy volume behind this GE move.  Already at its daily avg vol.

GE - breaking out of

Posted by rjdst on 27th of May 2021 at 09:44 am

GE - breaking out of a long consolidation coil.

Thanks, Steve.  

XLE - would be interested

Posted by rjdst on 26th of May 2021 at 10:39 am

XLE - would be interested in EW thoughts from those more skilled at it than I am.  I use mostly for big picture stuff.  Energy stocks in general have been consolidating after a strong run dating back to last fall.  XLE seems to be in a Wave 4 consolidation (a-b-c perhaps).  There's a gap on the daily from Feb.  Would love to see wave c of 4 close that gap, then I'd be in heavy for a wave 5.  Any thoughts, alternative views?  TIA.  

UUUU - Uranium stocks looking

Posted by rjdst on 26th of May 2021 at 10:30 am

UUUU - Uranium stocks looking good after a little consolidation.  UUUU breaking above downtrend line with a lot of MA support underneath.  Popped on the open, now pulling back a little for a better buying opportunity.

GME... lifting off.

AMC has a nice chart LOL go figure

Posted by rjdst on 25th of May 2021 at 02:36 pm

GME... lifting off.

MVIS and a few other

AMC has a nice chart LOL go figure

Posted by rjdst on 25th of May 2021 at 02:35 pm

MVIS and a few other /wsb meme stocks have good looking charts.  GME, KOSS, BCRX.  

On MVIS (daily), I like how the 9 is getting ready to cross over the 50 and 200 from below; has a tendency to produce big moves.

ROKU daily - falling wedge

Posted by rjdst on 24th of May 2021 at 11:18 am

ROKU daily - falling wedge with positive MACD divergence.  Looks like a recently completed a-b-c- pullback and now moving up in wave 1 to the upper wedge TL.  Volume was declining on this recent advance, so maybe another pullback before breaking out.

Regarding the discrepancy, in TradingView, click on the "adj" in the lower right of the chart window to adjust the chart for dividends.   With adjustment, it has exceeded last year's highs; without adjustment, it has not.

MARA never did touch the

MARA stalled right at the 9 EMA

Posted by rjdst on 20th of May 2021 at 02:13 pm

MARA never did touch the 200MA, so maybe it heads down there given it's so close.

After the Jan '08 occurrence,

SentimentTrader

Posted by rjdst on 18th of May 2021 at 06:01 pm

After the Jan '08 occurrence, market chopped sideways for 4 months before starting the MBS/CDS/CDO induced crash.

A few days after the Mar '08 occurrence, market began its epic bull market run 

After the Aug '15 occurrence, market was up sharply for two months, retraced to end the year, then blasted higher again.

Honestly not sure what any of the means or portends (though doubt it has anything to do with political figures).  

GDX... fwiw, dragonfly doji and

GDX 60 Updated View

Posted by rjdst on 14th of May 2021 at 05:15 pm

GDX... fwiw, dragonfly doji and what could be a bear flag on the weekly.  

Been on BPT for 12+

Posted by rjdst on 13th of May 2021 at 08:44 pm

Been on BPT for 12+ years, on an off.  I've learned a lot about trading, which is to be expected.  But I also learn other things.  Like "schlung".  Apparently, that's what happened to PAAS today, according to Steve in the newsletter.  No idea what that word meant.  Then I googled it.... oh my!   :-D

Danaher (DHR)  a good long-term

Posted by rjdst on 13th of May 2021 at 12:05 pm

Danaher (DHR)  a good long-term value play.  Been consolidating since October.  Broke above the consolidation channel and is now backtesting.  

GE - a close-up view

GE

Posted by rjdst on 12th of May 2021 at 10:36 am

GE - a close-up view on the coil (1hr chart).  Depending on where you draw that lower coil TL, price could be under it at this time.  I also added a shorter term TL in blue.  Could be a little fakeout probe below the TL before moving higher.  Seems to be a common occurrence these days.  But something to keep an eye on.  A stop at $12.91 or $12.79 depending on risk tolerance.  

Picked up some GE pre-market.

Posted by rjdst on 10th of May 2021 at 11:55 am

Picked up some GE pre-market.  WBA also doing nicely with a good looking chart.  Watching crypto with amusement, but sticking to energy, miners and value stocks.

I'd probably like it more

Speaking of GE... coiling.

Posted by rjdst on 5th of May 2021 at 03:18 pm

I'd probably like it more if the 200MA wasn't so far below.  No position; just monitoring for now.

Speaking of GE... coiling.

Posted by rjdst on 5th of May 2021 at 03:16 pm

Speaking of GE... coiling.

Sounds reasonable.  I have very small positions, commensurate with the risk.  Enough to be interesting and keep me engaged in learning more, but not enough to get hurt.  No YOLO here.  My favorite stock for the past year has been GE...

LTCN up $120 today, 40%

Posted by rjdst on 5th of May 2021 at 02:48 pm

LTCN up $120 today, 40% since I had my cup of coffee.  On extraordinary volume.  Just another typical day in crypto land....  

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