The community is delayed by three days for non registered users.

Yellen`s initial shot over the bow verus move by Turkey  "...bans crypto ..."

Link to Bloomberg article

Risk management question: If you wake up to find your cryptos at $0 are you OK?

IWM intermediate trend not so hot

consolidating and under performing SPX since mid March could break either way....

Have you made a correlation between Goldman recommendations and (inverse) stock price moves?  Would be an interesting trading strategy if it proved out.  

BW  rally up again previous break

Posted by ridgetopab on 22nd of Apr 2021 at 11:28 am

BW  rally up again

previous break out from pattern put in a pivot high and promptly fell hitting trailing stops and breaking support

new short term buy trigger (short cover) April 21 on 60min reversal. Pop today now testing resistance (previous support)

options trades have been real movers on this ticker as well, big volume trade on the June contracts  today credit spread on 7.50 / 10.00 ?

XBI looks good to me

still monitoring XBI

Posted by ridgetopab on 13th of Apr 2021 at 03:22 pm

XBI looks good to me for a (longer term) buy at $70   

Near the mean regression trend line, will it hold or get sliced?

KRR.TO ... ST trend is

Posted by ridgetopab on 13th of Apr 2021 at 03:03 pm

KRR.TO ... ST trend is up

at 4.10 and previous resistance but, nice move so far off last low, and double bottom

I agree, cryptos have a potential Black Swan event when central banks shut down the market.   Can't verify this but, I read that 80% of mining and transactions for cryptos are being done in China (using coal fired electrical generation).  Risk that few consider?

Extreme bubble warning when you hear talk about getting into mining by inexperienced speculators?  

Rising inflation should translate into rising interest rates so there might be an initial spike in commodities in the panic trade but,  rising rates after the last 40 years of declining rates is something the (all) markets will find painful to digest.

Bill Gates investment in productive farm land the best hedge going.

BW ... nice reversal from

Posted by ridgetopab on 12th of Apr 2021 at 12:25 pm

BW ... nice reversal from pivot high and pull back to fill previous gap

will support/resistance hold?

THBR ... breakout from consolidation watch

Posted by ridgetopab on 31st of Mar 2021 at 03:37 pm

THBR ... breakout from consolidation

watch to see if it holds and pushes higher, MA ribbon pinching

NAVI  pushing higher steady climb and

Posted by ridgetopab on 31st of Mar 2021 at 03:18 pm

NAVI  pushing higher

steady climb and holding on down days, div paid in March

something to balance the pump and dump trades, low P/E and decent div yld and up 280% YoY

UWMC possible turn to watch missing

Posted by ridgetopab on 31st of Mar 2021 at 03:00 pm

UWMC possible turn to watch

missing "fundamentalvalues" SPAC updates :)  div yld around 5% now but, earnings to cover uncertain

market digesting $700million debt issue by UWMC but, near reported book value now Book/sh  7.63 to 7.72 per various sources

daily bottom reversal?  60min with wedge and overhead resistance levels

PLAB messy chart but nice

Posted by ridgetopab on 31st of Mar 2021 at 12:26 pm

PLAB messy chart but nice push short term

BW powers up from gap nice

Posted by ridgetopab on 31st of Mar 2021 at 12:22 pm

BW powers up from gap

nice move off of double bottom and breakout

gap over resistance and CMF red to green confirming short term trend

MTA  gap  up with PM

Posted by ridgetopab on 31st of Mar 2021 at 12:11 pm

MTA  gap  up with PM stocks

GSX catching a bid after

Posted by ridgetopab on 30th of Mar 2021 at 10:55 am

GSX catching a bid after Archegos fire sale

founder supporting with reported purchase plan for $50 million over next 12 months

high short float 33%;  potential squeeze if it rallies

HOFV  another meme stock suppose to

Posted by ridgetopab on 29th of Mar 2021 at 09:15 pm

HOFV  another meme stock

suppose to rocket with company announcement tomorrow;  business looks to be good at losing money so far

hofreco website link

VIAC ... classic crash

almost a bargain value stock after the sell off, something to watch for a trigger to go long.  BIDU, GSX, DISCA, IQ all have similar 4-5 day water falls down

that is the 5 day move you want all your short positions to follow :)

PTON bear flag look

not divergent, and  ma ribbon bearish configuration

closed below ma (200) so potential target61.8% LT fib level of 75.74 +/-

might bounce but, looks like a break to the downside has higher potential

KRR.TO ... Yes, longer term

follow up some pm stocks

Posted by ridgetopab on 29th of Mar 2021 at 02:58 pm

KRR.TO ... Yes, longer term has been great play.

2 years of steady positive news since the 2018 breakout (coarse gold discovery) that changed the whole company dynamic

POWW not in this trade but,

was a great short after the failure to break out and gap down Feb 16_17

looking weak and may retest the $4 and then $3 levels overtime.  MACD seems to call the turns fairly well

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!