TSLA
Tesla
-- 248.710 NVDA
NVIDIA
-- 117.700 MU
Micron Technology
-- 94.720 NKE
Nike
-- 67.940 PLTR
Palantir
-- 90.960 
UPDATE
Monday was up Tuesday was down, where do we go from here?
Checking in on some tickers I'm in and an update on the usual NQ, VIX, OIL, GOLD, SILVER (as close to current as I can since futures are still trading)
$E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$ $Invesco QQQ Trust (QQQ.US)$ Finally topped but is trading in a range, looking for NQ to break to the downside and confirm a longer downtrend, but it could still bounce out of the range, or bounce around in it for a time.![]()
Checking in on some tickers I'm in and an update on the usual NQ, VIX, OIL, GOLD, SILVER (as close to current as I can since futures are still trading)
$E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$ $Invesco QQQ Trust (QQQ.US)$ Finally topped but is trading in a range, looking for NQ to break to the downside and confirm a longer downtrend, but it could still bounce out of the range, or bounce around in it for a time.
$CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(APR5) (VXmain.US)$ Was oversold for 13 days before today. This reminds me of the rubber band analogy, the farther you stretch a rubber band, the farther it will snap back. ![]()
$Crude Oil Futures(MAY5) (CLmain.US)$ $Micro Crude Oil Futures(MAY5) (MCLmain.US)$ $United States Oil Fund LP (USO.US)$ Ok still in the year long upper channel. Do we maintain? testimony on capitol hill couldn't break it, what will, anything? Are we marching upward? Are the bears done selling, notice how the selling volume always trails off before buying picks up, like a "V" ![]()
$SPDR Gold ETF (GLD.US)$ Extended the triangle? Well a triangle breaks out almost all of the time almost everytime, I guess this is one of those times. I dont care I have time. Selling is weak, and so is the bearish trend. ![]()
$iShares Silver Trust (SLV.US)$ Oversold and that long trend down looks about exhausted, could we go down more- yep 21.95 is next support invite breaks 22.3.... $Micro Silver Futures(MAY5) (SILmain.US)$ futures bottom is 22.8 if it breaks 24.1. The selling is weak and so is the bear trend.
$VanEck Oil Services ETF (OIH.US)$ Looks like a dip maybe as low as low as 254, but that would send us out of the channel, do we hold and bounce? ![]()
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$SPDR S&P Metals & Mining ETF (XME.US)$ This one looks like its brewing a touch and go. After this dip I think we rip, unless we cannot hold support. ![]()
but watch to see which way it goes, my tendency is up but we will see.
$SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ Coming down off challenging the upper channel, 120's coming? ![]()
then ![]()
$Energy Select Sector SPDR Fund (XLE.US)$ Looks like were taking a breather back to test resistance. ![]()
then ![]()
*edit- this no longer looks like it will challenge the trend, now it looks like it is creating a bull flag for another leg up to challenge the purple trend... things change quickly got to stay on your toes![]()
*edit- this no longer looks like it will challenge the trend, now it looks like it is creating a bull flag for another leg up to challenge the purple trend... things change quickly got to stay on your toes
$Intrepid Potash (IPI.US)$ / $The Mosaic (MOS.US)$ Daily charts, Blew up today, looks like they want to roll over, they didnt break resistance. Downside for potash? if it cant break into the channel then more downside.![]()
*edit- holy crap, we didnt push down off resistance we blasted right through although on rather weak volume
*edit- holy crap, we didnt push down off resistance we blasted right through although on rather weak volume
$ChemoCentryx (CCXI.US)$ Totally broke the bull run today boo! Started a new weak downtrend ADX wont even get off the floor it's so weak (this is what happens when no one sells, gotta shake the tree) looking to hold 24.3 if it breaks could go to 21.46 if it does, that sound you hear is me screaming breaking the sound barrier to buy everything for sale![]()
Sorry that was quick, just down and dirty. Market looks really sour, unloaded my transports today, I want them back but the selloff I think is going to be big. I only mention that because transports can be a harbinger of doom for the market.
Good Luck![]()
Good Luck
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Thelord : Actually why is transports a harbinger
iamiam OP Thelord : (markets are forward thinking) transports move the goods if they fall it means goods arent expected to move so signs of a slowing economy.
Thelord iamiam OP : I see. Thanks
101828445 : Is it too late to enter oil and commodities now? May I know which ones you own for oil and commodities?
Imso : but looking at NQ looks over brought from 1-4 hrs timeframe... not sure will it be a strong rebound after fomc minutes... just like 2 weeks ago nq rebound strongly after fed meeting
iamiam OP 101828445 : not yet, everything is dropping, watch for a good opening... oih is my favorite it's mostly Chevron and exxon, individually I like oxy and wll
iamiam OP Imso : could be, there are bullish smaller time frames, I think the longer daily bearish ones will override them
iamiam OP : NQ broke the channel down testing next support
Imso iamiam OP : on dear created a gap in qqq... might rebound back up to fill the gap later.. not sure after gap fill will fall back down![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
iamiam OP Imso : I dont think so, the strongest trend is still the daily down trend. There might be an uptick but it shouldn't challenge any gaps or highs, small burps up to cool down indicators and facilitate more selling. This is a bear market it will work opposite a bull run.
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