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RKLB - near a double bottom and 200dma. Just saw this
posted by timebandit. Must be a good omen.
Financial
Growth Acceleration:In their Q1 earnings, Rocket Lab posted a
record
$200.3
million in quarterly revenue (up 63.5% YoY)and achieved a
massive backlog of
$2.2
billion. They also guided for sequential revenue growth into
Q2.
The Ultimate
Validation (VICTUS HAZE):Rocket Lab just delivered an
unprecedented milestone for the U.S. Space Force. They designed,
built, and launched a spacecraft within an astonishing
16 hours and
42 minutesof receiving a surprise launch notice. They followed
this up with highly complex on-orbit proximity maneuvers, proving
their execution speed directly to defense buyers.
Massive
Structural Scaling:In June, RKLB achieved two major
milestones—it was officially
added to the
Nasdaq-100 Index, and it announced a definitive agreement to
acquire
Iridium Communications. The Iridium acquisition is a massive
capital allocation play, injecting direct cash flow and a global
satellite network into Rocket Lab’s ecosystem to move away from
purely burning cash.
Fundamentally, you are looking at a
clear sector leader with accelerating revenue, a deep backlog, and
critical national defense backing.
I wrote last week about how the very quiet breadth data were
producing a low reading on the Fosback Absolute Breadth Indicator.
That low reading is consistent with a topping condition for
prices. But on several occasions it did not call a top.
Boy it got close to 170 area this a.m. and the grenades were
flying . Thanks johnny 2012. TSM is actually acting weaker then SMH
this a.m. Is that a warning for next week.?
Posted by johnny2012 on 10th of Jul 2026 at 10:30 am
Yeah so far tagged 176. I posted a 2 hr chart so could still
test lower if it wants and then reverse. Full that gap on SOXX. Or
could just break down but I lean towards a bounce and possible drop
after.
regarding Elliot Wave, what I've highlighted is a very
simplistic by powerful an useful way to use it. With Elliot Wave
it's easy to go down the rabbit hole and try to label all these
crazy counts and micro counts etc and that gets overly complex and
actually hinders trading.
my method is to keep it very simple:
1. In up trending environments look for 3-wave abc pullbacks as
buying opportunities- same for shorts on downtrends, short
abc bounces. coils can form instead and if they do they are 5
waves but overlapping) but most of the time you see abcs
2. most folks know what the traditional 5 wave impulse looks
like. Wave 4's can't overlap top of wave 1 in an uptrend or
bottom of wave 1 in a downtrend, It's pretty obvious just looking
at a chart when you are in an impulse.
coils have 5 waves. and 5 waves up or down that are
overlapping are corrective not impulsive
also - true 5 waves always have MACD divergence, if no
divergence most likely it's a wave 3 instead
so when looking at a stock that has had a correction, if
all you see is a bunch of up and down waves overlapping each other,
even if price has been stair stepping lower, that's clearly NOT an
impulsive trending move down, it's ultimately corrective and
bullish, not starting a major downtrend - so you know that it will
eventually resolve up
simply viewing EW like this in a very simplistic way is good
enough for most people to use it very effectively vs having to
study all the dozens of wave counts and rules that can take months
and years to really get good at - with this simplistic approach you
can use it right away with your trading
johnny2012 thanks for the grenades set up this a.m. It is a
great analogy for trading in these Wild Times. My guess is
TSM 7/16 will be the deciding issue with next weeks earnings
and ASML 7/15 too.
Posted by johnny2012 on 10th of Jul 2026 at 08:01 am
SOXL similar to QQQ. Would be Nice to Tag the 170 area and then
rally. We shall see.
Just remember targets are just targets. Think of it like
horseshoes and hand grenades, If you are close you are still
winning. Happy trading today everyone.
Posted by johnny2012 on 10th of Jul 2026 at 07:57 am
QQQ possible IHS forming. Also similar looks on some semis I'll
post as well. Little more downside in the right shoulder would be
nice for QQQ and then rally but we shall see.
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Non-registered users see posts that are at least 3 days old. To access the latest content and participate in real-time discussions, please log in or subscribe.
RKLB - near a double
Posted by EdZ on 10th of Jul 2026 at 01:52 pm
RKLB - near a double bottom and 200dma. Just saw this posted by timebandit. Must be a good omen.
Financial Growth Acceleration:In their Q1 earnings, Rocket Lab posted a record $200.3 million in quarterly revenue (up 63.5% YoY)and achieved a massive backlog of $2.2 billion. They also guided for sequential revenue growth into Q2.
The Ultimate Validation (VICTUS HAZE):Rocket Lab just delivered an unprecedented milestone for the U.S. Space Force. They designed, built, and launched a spacecraft within an astonishing 16 hours and 42 minutesof receiving a surprise launch notice. They followed this up with highly complex on-orbit proximity maneuvers, proving their execution speed directly to defense buyers.
Massive Structural Scaling:In June, RKLB achieved two major milestones—it was officially added to the Nasdaq-100 Index, and it announced a definitive agreement to acquire Iridium Communications. The Iridium acquisition is a massive capital allocation play, injecting direct cash flow and a global satellite network into Rocket Lab’s ecosystem to move away from purely burning cash.
Fundamentally, you are looking at a clear sector leader with accelerating revenue, a deep backlog, and critical national defense backing.
RKLB has a MACD kiss
Posted by timebandit on 10th of Jul 2026 at 02:39 pm
RKLB has a MACD kiss oversold Slow Stoch buy signal on the hourly. Took a shot there around noon
Same here. It also has
Posted by EdZ on 10th of Jul 2026 at 02:48 pm
Same here. It also has a little RSI divergence on the 60min. If I get stopped out, I can always look for reentry.
And almost 50% off its
Posted by mastermind on 10th of Jul 2026 at 02:15 pm
And almost 50% off its highs. But . . . it hasn't turned up yet.
High of the day for
Posted by mastermind on 10th of Jul 2026 at 01:16 pm
High of the day for MU and SNDK. Maybe money is done rotating into SKHY for now.
MU now green.
RKLB hourly
Posted by timebandit on 10th of Jul 2026 at 12:33 pm
RKLB hourly
Fidelity doesn't recognize SKHY yet.
Posted by mastermind on 10th of Jul 2026 at 12:08 pm
Fidelity doesn't recognize SKHY yet.
SKHYV
Posted by sschilmeister on 10th of Jul 2026 at 12:15 pm
SKHYV
XBI roll. cuts through the 9EMA> think its still a short or rebound from here?
Posted by scottrb on 10th of Jul 2026 at 11:54 am
SKHY rally
Posted by rbreese on 10th of Jul 2026 at 11:43 am
Caused SOXL from 184 to 191. Thanks for allowing more shorts.
McClellan Oscillator Quietest in Years July
Posted by rbreese on 10th of Jul 2026 at 10:59 am
McClellan Oscillator Quietest in Years
July 10, 2026
I wrote last week about how the very quiet breadth data were producing a low reading on the Fosback Absolute Breadth Indicator. That low reading is consistent with a topping condition for prices. But on several occasions it did not call a top.
so in the end....maybe maybe
Posted by kingpin15 on 10th of Jul 2026 at 12:22 pm
so in the end....maybe maybe not. lol
Can anybody tell me what
Posted by mastermind on 10th of Jul 2026 at 10:46 am
Can anybody tell me what happened on that wide 5 minute down bar?
BREAKING: Trump: Have agreed to
Posted by law6 on 10th of Jul 2026 at 10:59 am
BREAKING: Trump: Have agreed to Iran talks, but united states has stated to them, in no uncertain terms, that cease fire is over.
quatar going to to break
Posted by law6 on 10th of Jul 2026 at 10:59 am
quatar going to to break Irans arm for peace Trump says no dice
CVNA - energy building
Posted by timebandit on 10th of Jul 2026 at 10:32 am
CVNA - energy building
CVNA update - watching very
Posted by timebandit on 15th of Jul 2026 at 05:28 pm
CVNA update - watching very carefully now, could be primed
SOXL
Posted by rbreese on 10th of Jul 2026 at 10:15 am
Boy it got close to 170 area this a.m. and the grenades were flying . Thanks johnny 2012. TSM is actually acting weaker then SMH this a.m. Is that a warning for next week.?
Yeah so far tagged 176.
Posted by johnny2012 on 10th of Jul 2026 at 10:30 am
Yeah so far tagged 176. I posted a 2 hr chart so could still test lower if it wants and then reverse. Full that gap on SOXX. Or could just break down but I lean towards a bounce and possible drop after.
TSM:SMH ratio
Posted by rbreese on 10th of Jul 2026 at 10:36 am
Johnny2012 is weaker TSM action leading into earnings next week. So I agree SOXL bounces likely better sales.
AMD looks good here.
Posted by EdZ on 10th of Jul 2026 at 09:50 am
AMD looks good here.
NICE move on META on that news
Posted by matt on 10th of Jul 2026 at 09:40 am
possibly a breakaway gap
remember I've been saying that whole correction from the Aug highs was corrective not impulsive, basically bullish,
Yep, your recent comments on
Posted by timebandit on 10th of Jul 2026 at 09:44 am
Yep, your recent comments on META very helpful
regarding Elliot Wave, what I've
Posted by matt on 10th of Jul 2026 at 09:52 am
regarding Elliot Wave, what I've highlighted is a very simplistic by powerful an useful way to use it. With Elliot Wave it's easy to go down the rabbit hole and try to label all these crazy counts and micro counts etc and that gets overly complex and actually hinders trading.
my method is to keep it very simple:
1. In up trending environments look for 3-wave abc pullbacks as buying opportunities- same for shorts on downtrends, short abc bounces. coils can form instead and if they do they are 5 waves but overlapping) but most of the time you see abcs
2. most folks know what the traditional 5 wave impulse looks like. Wave 4's can't overlap top of wave 1 in an uptrend or bottom of wave 1 in a downtrend, It's pretty obvious just looking at a chart when you are in an impulse.
coils have 5 waves. and 5 waves up or down that are overlapping are corrective not impulsive
also - true 5 waves always have MACD divergence, if no divergence most likely it's a wave 3 instead
so when looking at a stock that has had a correction, if all you see is a bunch of up and down waves overlapping each other, even if price has been stair stepping lower, that's clearly NOT an impulsive trending move down, it's ultimately corrective and bullish, not starting a major downtrend - so you know that it will eventually resolve up
simply viewing EW like this in a very simplistic way is good enough for most people to use it very effectively vs having to study all the dozens of wave counts and rules that can take months and years to really get good at - with this simplistic approach you can use it right away with your trading
great post. amen
Posted by petermusic on 10th of Jul 2026 at 10:15 am
great post. amen
FYI some some admin website issues, won't be posting as much
Posted by matt on 10th of Jul 2026 at 09:32 am
got an internal issue with Stockcharts.com and our website so I won't be posting as many charts today until James is around later and investigate
QUER - Pulled back to
Posted by EdZ on 10th of Jul 2026 at 09:09 am
QUER - Pulled back to 20ema after a huge pop.
$ONE:XLP:$SPX - broke out of
Posted by timebandit on 10th of Jul 2026 at 08:30 am
$ONE:XLP:$SPX - broke out of the coil yesterday
thx, I haven't looked at
Posted by matt on 10th of Jul 2026 at 09:27 am
thx, I haven't looked at that chart for a while
MU looks good here with
Posted by johnny2012 on 10th of Jul 2026 at 08:02 am
MU looks good here with same setup supporting the sector set ups.
SOXL
Posted by rbreese on 10th of Jul 2026 at 08:12 am
johnny2012 thanks for the grenades set up this a.m. It is a great analogy for trading in these Wild Times. My guess is TSM 7/16 will be the deciding issue with next weeks earnings and ASML 7/15 too.
SOXL similar to QQQ. Would
Posted by johnny2012 on 10th of Jul 2026 at 08:01 am
SOXL similar to QQQ. Would be Nice to Tag the 170 area and then rally. We shall see.
Just remember targets are just targets. Think of it like horseshoes and hand grenades, If you are close you are still winning. Happy trading today everyone.
QQQ possible IHS forming. Also
Posted by johnny2012 on 10th of Jul 2026 at 07:57 am
QQQ possible IHS forming. Also similar looks on some semis I'll post as well. Little more downside in the right shoulder would be nice for QQQ and then rally but we shall see.
AG, coming close to retest
Posted by Soldtoosoon on 10th of Jul 2026 at 02:18 am
AG, coming close to retest inverse head and shoulder breakout line
Thursday July 9th Newsletter
Posted by matt on 9th of Jul 2026 at 10:01 pm
Thursday's Newsletter