EWH Looks like a Monthly

Posted by laouuu on 2nd of May 2024 at 01:58 pm

EWH Looks like a Monthly Bottom Is In

PDD - I put this

Posted by DigiNomad on 2nd of May 2024 at 01:56 pm

PDD - I put this on my watchlist last night and gave it a color code meaning that I should add it ASAP.  Then I missed it. Damn!  Guess I don't have the luck of the Irish today (I think it's based in Ireland). 

SPX 120

Posted by steve on 2nd of May 2024 at 01:55 pm

$SPX - Chart Link - Bulls are still holding the secondary high 4990 - unless broken they should attack yesterday's high.  AAPL and NFP will be determinant 

Held secondary levels  and attacked

Posted by steve on 3rd of May 2024 at 08:53 am

Held secondary levels  and attacked those highs 

GME - the degens are

Posted by DigiNomad on 2nd of May 2024 at 01:44 pm

GME - the degens are back! Nap time is over and looks like we're back to pumping trash. Buckle up! 

Here goes AMC. The dash

Posted by DigiNomad on 2nd of May 2024 at 01:58 pm

Here goes AMC. The dash for trash is heating up!

The Treasury essentially promised to print a crap ton of dollars yesterday for buybacks to dilute the dollar and strengthen Asian currencies...so I'm not surprised to see asset prices in USD get squirrely to the upside.  It could build and get crazy again - I almost always underestimate the power of money printing to inflate asset prices. 

ha ha 'the dash for

Posted by matt on 2nd of May 2024 at 04:01 pm

ha ha 'the dash for trash'  

Follow up on my US

Posted by laouuu on 2nd of May 2024 at 01:37 pm

Follow up on my US vs China trade

Nicely done 

Posted by steve on 2nd of May 2024 at 02:02 pm

Nicely done 

TLT -  starting to work.

Posted by DigiNomad on 2nd of May 2024 at 12:36 pm

TLT -  starting to work.  Everything else from yesterday going according to plan.  Treasury told us they were going to embark on a massive buyback plan and the Fed said they are massively cutting asset sales.  DXY weakened. FXY strengthened. Bonds caught a bid. Sometimes it really is that obvious.  Will it last?  I'm sure Janet and JPOW have fingers crossed because everything that happened yesterday was specifically designed to rescue JPY (and other Asian currencies). 

SRCE daily  a regional bank

Posted by morton7 on 2nd of May 2024 at 12:24 pm

SRCE daily  a regional bank in our area.  matriarch passed away last year.  who knows could be a potential target although family has vowed to never sell...

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Create advanced interactive price charts for SRCE, with a wide variety of chart types, technical indicators, overlays, and annotation tools.

BDTX daily  this is one

Posted by morton7 on 2nd of May 2024 at 12:20 pm

MRNA daily  breakout.  biotech seems

Posted by morton7 on 2nd of May 2024 at 12:18 pm

UNG follow up

Posted by matt on 2nd of May 2024 at 11:55 am

UNG - Chart Link- been ping ponging between these wedge trendlines for a while, can it finally break out? 

LPG has been nice. I

Posted by DigiNomad on 2nd of May 2024 at 11:59 am

LPG has been nice. I took it early. Technically I probably should have waited for it to close above 42.70 ish. 

DBA

Posted by matt on 2nd of May 2024 at 11:51 am

DBA - Chart Link- firming in that support area now, which isn't a very strong support area, the bigger support zone is down around 22 - 22.5 area

DBA - Chart Link- nearing the 20 week EMA now

man what an unwind on

Posted by matt on 2nd of May 2024 at 12:04 pm

man what an unwind on that DBA

I've admittedly been an inflation

Posted by DigiNomad on 2nd of May 2024 at 12:12 pm

I've admittedly been an inflation hawk despite following a bunch of nerdy economic types that have been pounding the table for many months now about the fact that we don't have demand driven inflation.  Things are now starting to unfold the way the econ nerds predicted so I'm glad I didn't completely waste all those hours watching YouTube because it kept me balanced (I didn't go wild into energy names thinking oil was going to keep flying, etc, etc). I still blame it all on the Government. They caused the supply shocks  (unnecessarily, IMO....and I think many studies now back that up...because we need to study the obvious these days). And, if they didn't print so much money, the supply shocks would have mostly resulted in substitution instead of price inflation.

Anyway, the econ nerds don't see good things ahead.  Most of them say we're already in a recession and have been. Gov transfers are simply masking it. 

If you really want to

Posted by steveo on 2nd of May 2024 at 02:41 pm

If you really want to go down the rabbit hole, consider that it is 90% completely intentional, and I am amazed it is working "so well"

Bulls pigged out on food

Posted by mla127 on 2nd of May 2024 at 12:07 pm

Bulls pigged out on food ...   now there's a little bit of a digestive issue to deal with ....  

URA daily, weekly

Posted by matt on 2nd of May 2024 at 11:49 am

URA - Chart Link-

URA - Chart Link-

I received an email alert

Posted by curranjohn on 2nd of May 2024 at 03:43 pm

I received an email alert for URA today (but no text). Is this real? I am not clear on the trigger based on the chart.

HTZ follow up

Posted by matt on 2nd of May 2024 at 11:49 am

HTZ - Chart Link- bottoming play from Monday, finally popped, testing 9 EMA now

SMCI--did not quite get to

Posted by shellson2 on 2nd of May 2024 at 11:01 am

SMCI--did not quite get to the low of the other day at 707+, Hit 709 and moving up slowly.It was a sell the news event regardless of their earnings, hoping for a recovery to 750 in short order

Quick Note: Our Water Heater

Posted by steve on 2nd of May 2024 at 10:52 am

Quick Note: Our Water Heater busted overnight so slightly distracted here today.   Wild gyrations so remain prudent - levels and triggers

ASPN--wish I had kept...

Posted by shellson2 on 2nd of May 2024 at 10:52 am

ASPN--wish I had kept...

CZOO follow up

Posted by matt on 2nd of May 2024 at 10:00 am

CZOO - Chart Link idea from the other day had a flag look

AMD - 200 MA calling

Posted by matt on 2nd of May 2024 at 09:51 am

AMD - Chart Link- also a demand zone around that area and just bit below

COCOA

Posted by matt on 2nd of May 2024 at 09:43 am

$COCOA - Chart Link parabolic moves are unsustainable, finally coming back to earth after the parabolic move which ended with strong RSI and MACD divergence

Hello, and thanks.  Can you

Posted by ruidoso on 2nd of May 2024 at 09:45 am

Hello, and thanks.  Can you look at lumber, I heard it was getting interest again.  Thanks

FUTU follow up

Posted by matt on 2nd of May 2024 at 09:37 am

FUTU - Chart Link long idea from last week that I posted was in a long base coil, nice follow through higher this morning, I've been long since last week as I mentioned at the time. 

Matt:  great trade idea, thx.

Posted by ictguy on 2nd of May 2024 at 10:45 am

Matt:  great trade idea, thx.  long since triggered last week.  Q for you--when playing weekly chart, what parameters go into setting an appropriate S/L?    would you place it just below the top of that coil?  thx

This is what I am

Posted by foody518 on 2nd of May 2024 at 11:28 am

This is what I am planning - I entered on the weekly confirmed breakout. Selling at high 100s gives over a 3:1 R/R

Foody, that chart looks great

Posted by scooter on 2nd of May 2024 at 12:20 pm

Foody, that chart looks great

Thanks for showing this one,

Posted by foody518 on 2nd of May 2024 at 09:49 am

Thanks for showing this one, looks like it has the possibility to really run

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