Trump just said: 'Buy stocks!'
So what do we immediately go and do?....we go and check what triggered him and we can see that the 10 YR is up +1.7% and has bounced on the wedge top line, the 50 Day MA and the 200 Day MA
We know this is a concern for Trump, especially after the FED kept rates unchanged.
So w...
2025-05-08 16:21:05 +0000 UTC View Post
Bit of sideways movement here for the last 2 weeks after its +100% bounce in April, so some cooling down is ok and always good to see
Impulse wave is still valid and I like that there has been some consolidation along the 0.78 Fib too at $0.014.
Nice bounce today too, along with other Alts and I believe this can m...
2025-05-08 16:17:50 +0000 UTC View Post
$PYPL is now testing the top of the Consolidation range at $70.60 today and a break above this level should bring us up to the 1.618 Fib for Wave 3 at $72.84
I will not be selling any $PYPL to add back again at Wave 4 but I will consider adding again at Wave 4 instead, once we get a 3 wave pull back.
Wave 4 suppor...
2025-05-08 16:14:39 +0000 UTC View Post
Difficult reaction to a flat earnings but their Q2 guide has been lowered and that is likely the cause of the -5% PM action
I don't know why the market would expect anything different, Small Caps will be affected by the Tariff War and $SHOP is heavily linked to the movement of Small Caps.
We discussed over the wee...
2025-05-08 13:18:00 +0000 UTC View Post
Very interesting here from $QCOM
Very similar setups to $AMD and $ASML, where all three look to have completed their ABC pull back and testing their own 200 WMA shortly or right now.
$QCOM is testing its 200 WMA today.
We can also see that there has been 2 perfect cycles since 2019 too.....5 Waves up, 3 wave...
2025-05-08 12:02:31 +0000 UTC View Post
$NFLX keeps pushing to ATH's and it has that $META energy when it completed one of the strongest V shaped recoveries I have ever seen.
I would be watching for a test of the 2.618 Fib at $1182 for a rejection.
A rejection here and the impulse wave could be complete and we see a move down to the amber fib levels, wh...
2025-05-08 11:55:22 +0000 UTC View Post
ER is expected after the close today and it needs a good beat to show that the worst is now behind $TTD.
Price action has fallen from $141 down to $42 since the end of 2024 and not is back to its 2020 level at $57.
A double beat and the bullish move will be back into the yellow channel and moving back up to the 20...
2025-05-08 11:49:49 +0000 UTC View Post
Earnings on Monday and the price is still battling at the confluence level at $25.45, where the 200 Day MA is, the 50 Day MA is and the blue support line.
A hold here and the bulls have won and this is very similar to how $HIMS behaved on its own $25.40 blue support line and confluence level.
Next target for me wo...
2025-05-08 11:16:46 +0000 UTC View Post
The plan remains the same here
A pull back in 3 waves and holding between $61 - $64 and I'll add to my position.
Trumps 'earth shattering' statement makes very little difference on where this is going next.
$NVO is undervalued and I believe has limited downside and favours the reward side here
Let's ta...
2025-05-08 11:12:46 +0000 UTC View Post
"The Trump administration intends to rescind and revise a policy from the Biden era that limited international sales of advanced artificial intelligence chips, media outlets reported, citing a US Commerce Department spokesperson.
The regulation sought to, among other things, restrict China's ability to obta...
2025-05-08 11:00:01 +0000 UTC View Post
$HIMS strength has been incredible, so I have taken some time this morning to assess the count and see how the price action has been aligning with different impulse counts.
The run since the start of this month has been very strong, the ER was then even better than expected and the $NVO deal killed the bearish thesis an...
2025-05-08 10:49:57 +0000 UTC View Post
Where do I start?
First of all, well done everyone for trusting the process here.
Fantastic earnings followed by a +30% yesterday and now up +8.3% in the PM and now up +36% YTD.
There was a clean break out of the bullish wedge, this wedge has done a great job keeping the price action protected and guiding ...
2025-05-08 10:35:36 +0000 UTC View Post
$ZS has finally popped out of its $150 - $220 range that it was consolidating in since early 2024.
We have been following this chart for some time now and there are no changes to the impulse wave projection.
Wave 3 is still at the 1.618 Fib at $433 as normal.
Next test will be the blue line at $259, holding ...
2025-05-07 20:34:57 +0000 UTC View Post
Also reports its ER after the market closes tomorrow and it is also in a good set up to move higher if they can report a positive beat.
The ABC pull back came as low as the last 0.887 Fib support level and has since bounced out of the downward channel and climbed back up to test the 200 Day MA at $12.92 from below leadi...
2025-05-07 16:54:43 +0000 UTC View Post
$SG is due to report tomorrow after the market closes.
Price has struggled over the last few weeks and has recently rejected under the 0.618 Fib at $20.94.
But I do see 5 waves higher to the top of the Cup formation, followed by 3 waves down to an oversold position between important fib support levels.
They ...
2025-05-07 16:50:53 +0000 UTC View Post
I alerted yesterday under the $AAPL chart that I am seeing a trend where the Mega Caps are struggling with their price action....this was lead by $AAPL yesterday too.
Now $GOOG is down -5.7% after $AAPL announced today that they are exploring an AI Search engine as their default browser on their devices....naturally thi...
2025-05-07 15:29:23 +0000 UTC View Post
Having a good day here and up +3% and still holding above the 50 and 200 Day MA and the green support line.
Looking comfortable in the impulse wave with the 1.618 FIB still as the target for Wave 3.
If we get a test of the 200 Day MA at $12, this might entice me to add again.
2025-05-07 15:00:15 +0000 UTC View Post
It is looking like we will get our test of the 0.38 Fib support today, so I will be looking to add once I am happy with the support.
In all likely event if we get a test on this level and we add and I send out another Buy Alert, then the price will move into Wave 5 next.
2025-05-07 13:16:14 +0000 UTC View Post
ER is out tomorrow before the market opens and there is no denying that if they report a positive ER and a surprise then this can move into Wave 3 next.
5 very clear waves up, followed by 3 waves down and holding in between the 0.618 - 0.78 Fib is what we always want to see
Price has now bounced above the blue sup...
2025-05-07 12:58:14 +0000 UTC View Post
Bezos has entered the chat:
'Jeff Bezos' personal firm Bezos Expeditions is leading a $72-million investment in artificial intelligence data solutions company Toloka, which is looking to scale up its business, Toloka told Reuters on Wednesday.
Toloka, which helps train and evaluate AI models using a n...
2025-05-07 12:45:42 +0000 UTC View Post
Can $ETH be our third strong move this week? the chart is suggesting that it can be
The set up is there
And I believe $ETH will have no issue returning to its 200 WMA which is at $2400 right now.
My last buy was at $1600 and I have added twice under the 200 WMA.
2025-05-07 12:28:34 +0000 UTC View Post
First thing to remember: You are in at the basement level, please don't forget this part.
Our last add was along the $13 line and we waited patiently since Xmas day for this earnings to deliver.
And in hindsight, waiting 5 months for a stock to reverse should not be difficult...especially when it strictly follows ...
2025-05-07 12:25:58 +0000 UTC View Post
Now that is what we call a rejection.
And in no world does $PLTR deserve to be 28 times more expensive in terms of its Market Cap when:
Earnings:
$PLTR: $570 MILLION
$HIMS: $164 MILLION
And $HIMS growth rate over the next 5 years is better and has better fundamentals all round.
It is good ...
2025-05-07 11:16:15 +0000 UTC View Post
HSI continues it move higher and has raised its head above the blue support/resistance line and the 50 Day MA at 22,700
The level has not been converted yet but this is what we want to see next in order to help the Chinese ADR's move higher too.
A flip of the 22,700 level to support and we can confirm that the pri...
2025-05-07 11:05:43 +0000 UTC View Post
Price has been consolidating here for the last month along the 12 month support line
So there is zero rush here.
One of the big issues when a stock has just been added to an exchange is that we do not have a lot of price action to work with.
Typically after stock enters it declines in a corrective wave and t...
2025-05-07 10:34:46 +0000 UTC View Post
$HIMS had a day to remember yesterday, from -8% post earnings to +19% during the day yesterday and hit $50.56 at its high.
Price burst through the initial Subwave 5 target at the 2.618 Fib and almost hit the 3.618 Fib at $51 which we know is an extended fib level.
This was a short squeeze in my opinion and it rema...
2025-05-07 10:01:27 +0000 UTC View Post
I am watching the Mega Caps very very closely right now as they are a gateway into how the market will behave at the 50 WMA.
Right now I am seeing some weakness developing across the Mega Caps but it could very well just be a reaction to the FED announcement tomorrow but I will continue to monitor this closely.
Wh...
2025-05-06 20:09:11 +0000 UTC View Post
Tw0 possibilities here:
1. $NVO continues higher to the 50 Day MA at $72 and completes this Wave 1 bounce and then pulls back for Wave 2
or
2. The pull back has started and we are watching for a hold of support on the green lines as shown.
The chart reflects Scenario 2 right now.
I am keen to ad...
2025-05-06 20:06:26 +0000 UTC View Post
I have not uploaded this in awhile so it is best to keep people updated on this.
We can see clearly that the price action has met resistance at the 50 WMA, this is what we have been expecting and it was expected on the regular $SPY chart and this Contrarian chart.
I want to be clear: there is no rejection at this ...
2025-05-06 16:33:50 +0000 UTC View Post
Another big one for us this week reporting its ER tomorrow before the market opens.
Price has been sitting on the 0.5 Fib now at $12.86 this week and under the 50 Day MA at $13.30 as we lead into earnings tomorrow.
There is a set up there to go higher but we need a clean ER and to beat, any positive surprises and ...
2025-05-06 16:18:36 +0000 UTC View Post
