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XLE nearing the 50 day MA

Posted by matt on 1st of May 2024 at 10:53 am

XLE - Chart Link- it probably tries to have a reactionary bounce off that, but otherwise the intra day charts are pretty awful, so I don't think it bounces much off the 50 day before going lower again

CENX busted that coil hard

Posted by matt on 1st of May 2024 at 10:46 am

TMDX follow up

Posted by matt on 1st of May 2024 at 10:20 am

TMDX - Chart Link- long idea Monday, but unless you bought it yesterday (I didn't own it), gapped today on earnings. 

Bitcoin lost that shelf support and BITI

Posted by matt on 1st of May 2024 at 10:15 am

$BTCUSD - Chart Link- lost that shelf support - we saw that coming a mile away well ahead of time

BITI - Chart Link- inverse ETF.

SBIT is the -2X inverse ETF

DBA and 50 day MA

Posted by matt on 1st of May 2024 at 10:13 am

DBA - Chart Link- first target coming up - price is likely to bounce off that MA, there's also an open gap from March that is right in this range.

that said besides the 50 day MA there's no big support, so I think DBA bounces off the 50 day MA but then may be prone to come back down again or consolidate 

URA quite the recovery

Posted by matt on 1st of May 2024 at 10:10 am

URA - Chart Link- quite the recovery off yesterday's dump to the uptrend line of the coil

Steve and I are going

SBUX was de-caffeinated after hours

Posted by matt on 30th of Apr 2024 at 07:11 pm

Steve and I are going to put a virtual tip jar in each newsletter LOL

yeah INTC been gawd awful - there's some demand support between 26.6 - 29, but that's just a hairs breath away from the 2022 lows 

% Stocks S&P 500 above 20 EMA and NYSI 9 EMA system

Posted by matt on 30th of Apr 2024 at 06:53 pm

!GT20SPX - Chart Link- that scenario I postulated about 2 weeks ago where this would bounce up from the lows #1 and make a lower high then come down again and make a better low #2 may play out

$NYSI - Chart Link- as I commented last week and Monday, this barely budged at all on last week's bounce and Monday's bounce - basically didn't even try to bounce, showing the potential for more weakness

SPX 30 min

Posted by matt on 30th of Apr 2024 at 04:47 pm

almost everything had that wave A, B lower higher look, not just the indexes, so I don't know what we even had any pushback on that favored analysis 

Obi Wan, I mean Steve,

SBUX was de-caffeinated after hours

Posted by matt on 30th of Apr 2024 at 04:40 pm

Obi Wan, I mean Steve, taught you well LOL with this sense of humor   

SLV silver

Posted by matt on 30th of Apr 2024 at 04:37 pm

SLV - Chart Link added a support/demand zone, perhaps that area and around the 50 day MA would be a good place to scale back into some SLV silver

man...talking about the 'high life'

CGC big squeeze 

Posted by matt on 30th of Apr 2024 at 04:14 pm

man...talking about the 'high life' LOL

BITI and COIN

Posted by matt on 30th of Apr 2024 at 04:11 pm

BITI - Chart Link- added a supply zone, first target area

COIN - Chart Link- added a couple of demand zone support areas

Bitcoin and BITI

Posted by matt on 30th of Apr 2024 at 04:00 pm

$BTCUSD - Chart Link-

$BTCUSD - Chart Link-

BITI - Chart Link- also if you needed leverage SBIT is the leveraged ETF. I simply used BITI however

Bitcoin and BITI

Posted by matt on 30th of Apr 2024 at 01:17 pm

$BTCUSD - Chart Link- not looking pretty, right on that shelf support-  needs you cryto nuts to defend that level LOL

BITI - Chart Link- bitcoin short

SBIX is -2X ETF

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