I just sold TPTX for a 21% gain from July 1st. I'm working on a revised broader market reversal as we crossed through resistance and we are going wider than I originally measured...I think the dip will take a bit longer. Turning Point Therapeutics Inc (TPTX) daily Don … [Read more...]
Buckle Up + Actionable Ideas
I think the broader market triple digit sell off into the close today might be the beginning of the second half of the summer dip I projected about six weeks ago. I hope I'm wrong but I expect a wash out over the next few days. Prepare accordingly. Buckle up. SPDR Dow Jones Industrial Average ETF (DIA) hourly Sonos Inc (SONO) is up about 30% from my June 10th entry idea and nearing another level of resistance (see chart). Consider taking partial profits here. Please note the spike from … [Read more...]
I Can’t Wait for Fall and Dreamweavers
Hello again, Broader Market Review We are right smack dab in the middle of the summer dip I projected many weeks ago (before it began), however, it's playing out a little quicker and deeper than I first measured. Due to the increased speed, higher volatility and larger scale of the move there is a greater chance the next major reversal (higher) will occur from a lower price level than I originally measured. While I still think the broader market will continue to expand into 2020 I don't … [Read more...]
Two Long Monday’s in a Row
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...]
Another Projected Reversal Nailed
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...]
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