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 - Chart Link - Bulls are still
holding the secondary high 4990 - unless broken they should attack
yesterday's high. AAPL and NFP will be determinant
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.
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 in our area. matriarch
passed away last year. who knows could be a potential target
although family has vowed to never sell...
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.
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
$COCOA - Chart Link parabolic moves are
unsustainable, finally coming back to earth after the parabolic
move which ended with strong RSI and MACD divergence
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. 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
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...
stockcharts.com
SRCE | SharpCharts | StockCharts.com
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
BDTX daily this is one of Matt's back in Feb
stockcharts.com
BDTX | SharpCharts | StockCharts.com
Create advanced interactive price charts for BDTX, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
MRNA daily breakout. biotech seems
Posted by morton7 on 2nd of May 2024 at 12:18 pm
MRNA daily breakout. biotech seems to have decent months in May June timeframe
stockcharts.com
MRNA | SharpCharts | StockCharts.com
Create advanced interactive price charts for MRNA, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
on MRNA at least KISS
Posted by matt on 2nd of May 2024 at 07:09 pm
on MRNA at least KISS was already long prior to today
https://breakpointtrades.com/ts/view_chart.php?s=MRNA&g=NASDAQ_100
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