UPDATE III
I just purged 200 saved charts, so let's start fresh and see where we are. I'm going to do it a little differently, I'm going to start with my favorites and end with NQ. This also allows for futures to continue so I can get more information.
$ChemoCentryx (CCXI.US)$ Is it just an oversold bounce, or recovery? Bouncing off of the lower bollinger band, have we found support? If we rebound the upper bollinger band us just below the gap to fill around 27. Look how far CCXI was sold down on weak signals. This looks like an entry for a big to me, CCXI float is mostly held by insiders and institutions so when they want more it's very easy for them to sell down and buy in.
$ChemoCentryx (CCXI.US)$ Is it just an oversold bounce, or recovery? Bouncing off of the lower bollinger band, have we found support? If we rebound the upper bollinger band us just below the gap to fill around 27. Look how far CCXI was sold down on weak signals. This looks like an entry for a big to me, CCXI float is mostly held by insiders and institutions so when they want more it's very easy for them to sell down and buy in.
$iShares Silver Trust (SLV.US)$ We've had a good run, but how long will it continue? Since the breakout we are now overbought and against the upper bollinger band. MACD is still bullish and DMA is getting ready to signal a reversal. I look for it open lower (gap down) based off of history, maybe 23.47 - I will be loading up!
(remember indicators are lagging so some set off alerts earlier than others, when they all align your in a good bull run)
(remember indicators are lagging so some set off alerts earlier than others, when they all align your in a good bull run)
$SPDR Gold ETF (GLD.US)$ Coming off that sweet breakout. Looks just like silver and therefore the same assessment.
Look at how the buying XL orders are nearly double the selling. And look at that buying spike at the end of the day.
The Miners! ![]()
$VanEck Gold Miners Equity ETF (GDX.US)$ We broke the gold price line! (as I predicted! but gold itself did not follow![]()
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YET!) Now we are free from all previous trends, they have never been making this much money.
Don't forget the juniors $VanEck Junior Gold Miners ETF (GDXJ.US)$ Juniors are miners seeking capital to prospect (investing before they strike the mother lode) this area is full of bad operators and fly by night upstarts so it's best to do an ETF where the manager knows what they are doing.
and always for those with less risk aversion $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN (GDXU.US)$ had a great day with it
And speaking of food $Intrepid Potash (IPI.US)$ $The Mosaic (MOS.US)$ Fertilizer
IPI hit the overbought area again with all indicators still bullish, with history as an example I expect IPI to continue to run overbought and pushing the upper bollinger all the way to the top of the channel around 120, it keeps hitting new highs.
IPI hit the overbought area again with all indicators still bullish, with history as an example I expect IPI to continue to run overbought and pushing the upper bollinger all the way to the top of the channel around 120, it keeps hitting new highs.
MOS is at the top of their channel is overbought and pushing the upper bollinger band. This is where we see how this cycle can go. I want to see the reaction, I want to see a blast through the channel- or a dip and rip through the channel. But neither is likely, most likely we fail and retreat to the middle channel.
Energy, we are running again, did anyone doubt? $Energy Select Sector SPDR Fund (XLE.US)$ Has been consolidating for a while indicators are pointing up and the bollinger bands may be moving towards a "squeeze"
$SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ Similar to XLE. Highlighted is a previous "squeeze" and possible approaching "squeeze". Looking for the DMA to crossover to show a possible direction (squeezes can breakdown also) MACD should also give a direction.
$First Trust Natural Gas ETF (FCG.US)$ Nat gas went crazy again today up 6%!
Metal manufacturers (Steel producers) $SPDR S&P Metals & Mining ETF (XME.US)$ $United States Steel (X.US)$ $Cleveland-Cliffs (CLF.US)$ Cinsolidating nicely. I'm showing this ticker for a reason. Showing the previous squeeze and the bearish indicators except MACD histogram.
Metal manufacturers (Steel producers) $SPDR S&P Metals & Mining ETF (XME.US)$ $United States Steel (X.US)$ $Cleveland-Cliffs (CLF.US)$ Cinsolidating nicely. I'm showing this ticker for a reason. Showing the previous squeeze and the bearish indicators except MACD histogram.
If you follow me you know I love triangles. Look at the bollinger bands closing and MACD histogram turning and now look at the triangle. On the 22nd CLF reports earnings, steel prices have been high since covid, and this report should cover peak price. I'm watching this CLOSELY
Finally onto the big stuff (minus gold) its Oil, VIX and NQ
$VanEck Oil Services ETF (OIH.US)$ $United States Oil Fund LP (USO.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $Occidental Petroleum (OXY.US)$
I struggled how to write the following, but I feel I need to say it:
I have been beating the oil drum as loud as I can![]()
stop listening to "news" and waiting for catalysts! Oil is doing what it was going to do all along, nothing is stopping it nothing is a catalyst, it is the MARKET, it's always the market and it's ONLY the market!!! this goes for what gold is about to do.![]()
and do yourself a favor put 15% into oil, 15% into gold/silver/miners leave it and thank me for saving your port from whatever else may happen in the future.
CHARTS
triangles, triangles, triangles![]()
broke out of the downtrend. MACD bullish, DMA converging, RSI cooling. This wants to break back into the upper channel, note the bollinger bands tightening
$VanEck Oil Services ETF (OIH.US)$ $United States Oil Fund LP (USO.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $Occidental Petroleum (OXY.US)$
I struggled how to write the following, but I feel I need to say it:
I have been beating the oil drum as loud as I can
CHARTS
triangles, triangles, triangles
Zoomed out to show the previous breakout downtrend and then the consolidating along the channel. Look how long that stayed overbought, Look at the MACD and DMA, the RSI has cooled off for another run. once we break into the channel we should follow the same pattern (indicators are all matching up)
$CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ VIX is in the channel it is coming off the upper bollinger band and indicators are bullish (markets down) but its cooling (dropping the RSI leading to lowering indicators signals also markets up) and might touch the bottom of the channel.
Zoomed out
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Let's work in reverse from the daily.
NQ got it's oversold bounce, but is it done?
Let's work in reverse from the daily.
NQ got it's oversold bounce, but is it done?
4 hr, is MACD rolling over? close to the upper bollinger band.
if your looking for what tomorrow will be, I can't tell you now I dont know yet.
if your looking for what tomorrow will be, I can't tell you now I dont know yet.
2 hr, long uptrend hitting on overbought.
1 hr, Overbought, MACD and DMA are rolling over (changing trend)
NQ is bullish short term and may continue tomorrow, there were a lot of options bought for quick spikes tomorrow so be aware of that, I could see both spikes and selloffs. It could be a fireworks day with pops and fizzles all over the Qs![]()
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The overall trend is still bearish as you can tell from the daily, and yes that is a long way to the bottom of the channel... eventually.
as always good luck![]()
The overall trend is still bearish as you can tell from the daily, and yes that is a long way to the bottom of the channel... eventually.
as always good luck
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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Cow Moo-ney : As always, thanks for the effort and sharing!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Kopi is Life : Thanks for beating your oil (& gold drum to boot!) If you only have the choice of picking 1 gold and 1 oil ticket, what would it be? is this still a good entry time and any monitoring required? Thanks
iamiam OP Kopi is Life : oil would be OIH, and yes it would be a buy and hold. gold is tougher probably GDX and same buy and forget you have it. yes both are good entry.
Thelord iamiam OP : Is uso a good ticker to ride the oil trend?
iamiam OP Thelord : it tracks the price of oil, so yes, but OIH has a basket if producers so has more upside and pays out dividends. just something to think about. The dividends could also start getting larger.
sayno : Wow! impressive as always. Thank you for sharing.. it's an exciting night again!
Moissanite : Hi appreciate your work on these! May I ask if it is a good time to get into MOS at about
75? And what is your outlook for the next few months?
iamiam OP Moissanite : I would wait on MOS it might explode up, but odds are we get a pullback, but a missed entry would only cost you time (meaning it will come back to 75ish soon should it drop)
Mister65 Moissanite : Let’s keep our hopes high! Just like Je5us, he will rise again!
Happy Good Friday!
iamiam OP : 30 min chart (not one I use very often), but this one is interesting to see if it plays out.
bollinger bands are tightening towards a squeeze (up or down) MACD isn't giving a real good signal and RSI isn't oversold so which way does it break if it does? this could play out near open.
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