Market Updates

First of all, CONGRATS to all those who bought GBTC when I recommended it on March 4th. It's up about 60% since and still looking good. Tracking bitcoin baby. I am accumulating on dips. See chart below. Grayscale Bitcoin Trust (GBTC) daily The major averages are in nose bleed territory. Price action is compressing into/at all time highs. Be careful up here. While I still think a Big Dipper is out there before summer, longer term (12-18 months) price action looks really good which lines up … [Read more...]

I'm writing from North County San Diego...one of my favorite places...grandkids, kids and surfing. Here are my thoughts this weekend... A friend of mine told me the other day that he couldn't keep buying all of the stocks I have been highlighting this year (47) without selling stocks he currently owns. I know exactly how he feels. There is nothing wrong with selling portions of existing holdings to buy new stocks. There are just so many good set ups I can't even chart fast enough. I … [Read more...]

The broader market (SPY) is currently between the January 2018 high and October 2018 high. Price is likely to get rejected between now and the current highest resistance level which is the ascending yellow line (see attached daily chart of SPY). Just be aware that the air is getting thin at current levels. I still expect a dip then a continuation of the rip so trying to time any short term collapse is probably reserved for the very nimble and quick. S&P500 Index ETF (SPY) … [Read more...]

So many good charts, so little time. Here are some more... MU, CBT, AXTI, NVDA, DDD, SPY I hate videos too so here you go...all charts attached. I still expect the broader market (SPY) to "dip" soon. Longer term (12-18 months) it looks like it's going to rip. Big tech baby. Get it on. SPY is up against resistance and should re-set soon. Don't be surprised. It will bring most everything back a bit before resuming expansion. Possibly back to 265-270 SPY. Current support is around 282-283 … [Read more...]

Quick video update on New Age Beverages (NBEV) as it's ripping today and Bitcoin Trust (GBTC) up 60% from last month. here's the scoop... Also, I love Micron Tech (MU). Here's why... Big tech is in expansion mode and should continue for at least another year or more. Get on board. My opinions only. Due your own due diligence. Not investment advice. Just Ripping, Don … [Read more...]