Market Updates

As I'm traveling tomorrow and have a busy weekend with family in San Diego, here are some charts I have been looking at this week. Also, I was asked last night if we are in the dip I have been discussing for the past many weeks...yes, we be in that dip now. See SPY chart for potential reversal zones I circled. And, congrats to those who bought GBTC, the ETF that tracks bitcoin. +180% on partial sale today. It has provided a nice hedge in recent weeks. Symbol is in upper left corner of ch … [Read more...]

Quick note... For those of you that are new or have been busy here are 3 of my favorite names that you can still consider that I have highlighted recently. Notes and annotations on chart. Piper Jaffray Companies (PJC) weekly Evolent Health Inc (EVH) weekly Microstrategy Inc (MSTR) weekly Remember, do your own due diligence. Charting is just one layer of analysis although, in my opinion, it's the most important. Historical repetition is real. Don … [Read more...]

Make sure you watch semis (SMH) this week. I posted the chart in Part 1 yesterday. We are at/near important levels all over the map (SPY, DIA, IWM, QQQ). If we break support, price will be seeking even lower levels. Good news/bad news. The good news is that if we get lower that should help propel the broader market higher. Think of the market like a rubber band. When it gets stretched too far it will snap back. We have been snapping for a year and a half. Enough already! We want to go back to … [Read more...]

Hey Everyone, Today I will share some of what I have been looking at and charting this week. Just click on chart for my notes and annotations. FYI, I am on the hunt for "Alpha Names" (out perform broader market) to be aware of when the broader market finds a strong bottom/reversal point from current normal re-pricing that is occurring. I am looking for stocks that have out performed the broader market from the Dec. 24 low. Certain names that have ripped since then should continue to rip … [Read more...]