Aloha from Kauai, Well, that was a crazy week. The broader market went pretty deep on Monday, to say the least. We went so deep that may have satisfied price retracement and now we just have to eat up some time before ramping higher. It looks like SPY could follow my price projection so possibly a bit higher from here and then more downside before a reversal higher in September. For those of you that want to trade this slide look for price to fail at top of blue line descending channel u … [Read more...]

Remain calm. The reversal lower that I projected and drew in on July 4th, alerted you to on July 7th in my weekly email and have been discussing for the past month has officially begun. The timing of the reversal projection/confirmation with the Fed cutting rates on Wednesday and Trump tweeting Thursday was interesting, to say the least. Did someone forward my emails to Powell and Trump? Insert sound track from The Twilight Zone. If you are trading these broader market reversal projections … [Read more...]

Lots of good looking charts out there in Chartland. I'm trying to keep up. While a summer dip is on my radar, the next 12-18 months are looking good. Notes and annotations on each chart. Green notes are current. Sorry about leaving all notes on charts if they are confusing to you. I just think it's important to leave them for reference as they contribute to transparency and help all of us along our learning curve. As usual, I start with an overview of the broader market as it has so much … [Read more...]

Notes and annotations on charts. Current notes are in green (mostly). Intel Corp (INTC) weekly YETI Holdings Inc (YETI) daily Turning Point Therapeutics Inc (TPTX) weekly Alibaba Group Holding Ltd (BABA) daily Arrow Electronics Inc (ARW) daily Texas Capital Bancshares (TCBI) daily Microsoft Corp (MSFT) daily Market Vectors Junior gold Miners ETF (GDXJ) daily JB Hunt Transportation Services (JBHT) daily Pinterest Inc (PINS) … [Read more...]