We have movement in the PM and it is movement in the right direction.
PM price has been flirting with the breakout level at $29, as it had been last week too.
A good move this week will be breaking out and converting the 0.618 Fib at $29.62 to support, as we lead into earnings next Mo...
2025-04-28 10:15:34 +0000 UTC
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Trump Claims Xi Jinping Called to Discuss Trade Deals — Beijing Denies Contact
Key Developments
President Donald Trump claimed that Chinese Preside...
2025-04-27 19:57:14 +0000 UTC
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$SPY and the $QQQ are back in sync again and the price action bouncing at $508 to a new higher high reaffirms our belief that the trend continues to be to the upside to at least Wave B at the 50 WMA at $566 over the coming weeks.
Big variables right now of course will be Earnings, ongoing t...
2025-04-27 19:54:08 +0000 UTC
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Another week has passed and the chart or strategy has not changed here.
Price managed to hold on the 0.618 fib at $431 and was able to bounce and make a higher high and I believe the price action will continue moving higher as expected to the 50 WMA which is at $487 now.
Very big week...
2025-04-27 19:45:26 +0000 UTC
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There is very little I can say here that has not been said already, I have been saying the same commentary since June '24 because the chart has not changed.
We must assume that the price action will continue as shown
Contrarian $SPY Bulls will like how this is showing another leg high...
2025-04-27 19:38:02 +0000 UTC
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$TSLA likely surprised a lot of people this week.....( a lot of people outside this group because our chart has not changed)....earnings were not great but the share price jumped from $225 to $286 this week and finished above the 50 and 200 WMA, the 0.618 Fib and appeared to have enormous strengt...
2025-04-27 19:36:15 +0000 UTC
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$SHOP has been performing well relative to the market but we must remind ourselves that $SHOP is not in the same cycle as the market and has not made an ATH since 2021 at $176.
Price finished the week above the 50 and 200 WMA and looked set to test the top of the rising wedge again at $100....
2025-04-27 19:28:06 +0000 UTC
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$SE continues to follow our chart and moving in line with a Wave A pull back, followed by a bounce for Wave B.
Price is already back above the 50 and 200 Day MA and approaching the 0.618 Fib at $129.
The message is clear here, no rejection at this amber resistance level then continue ...
2025-04-27 19:02:21 +0000 UTC
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I think everyone knows by now that I am bullish on $PYPL, I have added on the pull back at $61 and I like how the price finished at $65 this week.
$PYPL report before the market opens on Tuesday and it will be important
We have got to expect that with such a strong pull back from $93 ...
2025-04-27 18:58:06 +0000 UTC
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I want to remind everyone why I added $NKE at $55.
I am adding with the anticipation that $NKE can turn things around, in terms of sales, revenue, margins and growth.
I believe they have the arsenal to return back to former glory levels and the pull back since 2021 is Cycle Wave 2 an...
2025-04-27 18:54:11 +0000 UTC
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There is a potential that $MSFT has completed its ABC correction and can move higher from here, as they started their pull back in June '24 and failed to make a higher high since.
$MSFT chart also helped guide us over the last 9 months towards this market weakness we are experiencing over t...
2025-04-27 18:49:16 +0000 UTC
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$INTC EPS greatly beat estimates from its ER this week but gave a concerning guidance due to the ongoing tariff uncertainties and the market reacted poorly to this and the price acton did drop below the blue support line at $19.
Price did manage to hold in the consolidation range as $INTC d...
2025-04-27 18:24:24 +0000 UTC
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$GOOG price action reacted positively post earnings and did not raise any alarm bells relating to a potential recession or the effects of a tariff war on its bottom line.
But when the market opened on Friday the price faded and finished at +1.4%, in line with how many of the Mega Caps perfo...
2025-04-27 18:20:05 +0000 UTC
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I think very little are looking at $DIS right now while the Mega Caps are bouncing for what could be Wave B and other positions are looking like they have completed their Wave C
$DIS has still not made a lower low below the Wave A level on the blue line at $78, which was also the Covid low...
2025-04-27 18:16:56 +0000 UTC
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Big talk this week is whether or not $BTC has decoupled from the US market which it has typically been in sync with.
Also many are looking at the M2 supply and can see that it is going higher, which typically is bullish too.
This is the weekly chart above so it is not easy to see the ...
2025-04-27 18:14:33 +0000 UTC
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There is a lot to be happy about with this chart and set up.
Price has held the critical support levels on the 200 Day MA and the Weekly MA, the 0.78 Fib and the 50 WMA and the price raised its head above the blue line this week at $121 to confirm a higher high.
We want the price to h...
2025-04-27 18:09:46 +0000 UTC
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$AMZN tested its Blue resistance line again to end the week, a resistance line that was strong in 2021 and in 2024.
The 50 WMA is just slightly above this level at $197 and we know the $200 was once a strong sell level for Bezos too.
The 0.5 Fib is also at $202 and the 0.618 Fib is at...
2025-04-27 17:21:13 +0000 UTC
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The big question for $AMD now is whether or not everything is factored in and will the market see the value that is on the table now, as the price dropped well below its 200 WMA but managed to find support on the yellow support line.
I believe there is value here and I see a retest of the 2...
2025-04-27 17:15:38 +0000 UTC
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Bulls will like that the price has held above the 0.618 Fib this week above $115 at $122, after bouncing on the 0.78 Fib at $100 at the start of the month.
The Travel sector is under pressure now, especially in the US and many US carriers have shared their concerns with bookings.
$ABN...
2025-04-27 17:12:32 +0000 UTC
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No changes to the plan here and there has been no changes since the price dropped down below the 200 WMA on the 7th of April, it makes my life very easy here that in spite of all of the volatility each day in the market, the charts don't change and this helps up stay focused on the big picture.
2025-04-27 17:08:49 +0000 UTC
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The Neckline and the 50 WMA aligning at the $12 level is important here.
A break and hold above this 50 WMA and the technical PT is $21 next.
A rejection at the 50 WMA and the 0.618 Fib can be tested next at $8.22
Be greedy for support confirmation here.
2025-04-27 13:07:46 +0000 UTC
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Tues - Thurs is PACKED.
2025-04-26 12:13:07 +0000 UTC
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I spoke to the CEO and CRO of this company last night for an hour, it is a company I have been researching for a number of months now because I became aware of technology they have developed that is ground breaking.
In short, they have invented a water based recycling technology, that effec...
2025-04-26 12:07:06 +0000 UTC
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ER is out in 6 days, next Thursday before the market opens.
The price action has been following down through this bullish descending wedge for some time now and will need a catalyst to turn this around and a positive ER can certainly help.
Price needs to break out of the wedge and hol...
2025-04-25 18:24:11 +0000 UTC
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Price action has managed to battle its way back into the triangle here after dipping slightly lower out of it into the between the 0.78 - 0.887 Fib range.
Price looks good to finish this week holding support in the triangle too.
Next step will be converting the 200 Day MA back to supp...
2025-04-25 18:21:05 +0000 UTC
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People are likely wondering what is the cause of $CELH not going above the $39 level but if we switch to the weekly chart we can see clearly.
The price action is exactly at the intersection point of the 50 and 200 WMA at $39.20
It may take a few more sessions to get above this level b...
2025-04-25 18:17:55 +0000 UTC
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Starting to look appealing again now, after a flush down in between the 0.618 Fib and the 0.78 Fib to $34.
The price is already back to $44 and at the 50 Day MA now too.
There is a death cross on this chart right now so this must be acknowledged
With that being said, the low ris...
2025-04-25 18:07:02 +0000 UTC
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$SOFI's impressive climb continues from $8.60 to $13 now and finishing the week strong.
I have added in the impulse wave count to show where I believe the PT's can go to next
Price is also above the 50 and 200 Day MA's too which confirms the upward trend.
Wave 3 PT is as always ...
2025-04-25 17:09:47 +0000 UTC
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I believe $ORCL continues to look attractive here and I believe it is still in its impulse wave and we are looking to confirm Wave 5 next.
Price has been holding on the Wave 4 pull back level on the 0.5 Fib at $129 and we have Wave 5 completing at the 2.618 Fib at $235.
Only if there ...
2025-04-25 13:02:15 +0000 UTC
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$NVDA does not report for another month and it is expected on the 28th of May.
I think we will likely see Wave B continue to hold and move higher to the 50 WMA at $124 by then
Earnings will likely play a pivotal part on its direction next after testing the 50 WMA, if Trump does not ...
2025-04-25 12:46:58 +0000 UTC
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