THE WEEK AHEAD Ending April 14

^LONG post, lots of tickers💲 charts📈 and opinion.
Well it was a crazy week, after all the chart indecision we ended bearish🐻. But what does the shortened trading week have in store? (markets closed for good friday)🌴🍷🥈⚰🐑
Let's see what the charts say:
°when looking at at my charts understand that rarely does anything move in a straight line, just because I drew one does not mean I believe it will follow it. Also I cannot predict the future, I only follow the chart trend, adding my experience and instincts
Nasdaq (NQ) $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ The bearish trend confirmed this week looks to continue. $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraShort QQQ(QID.US)$ $Tuttle Capital Short Innovation ETF(SARK.US)$ (inverse Cathy Woods ARKK)
Has support on the 50ma, resistance at ~14600 and all other Moving Averages.

The bearish trend is newly reaffirmed so let's look at some components of NQ to see if we can get a better overview of the trend. Here you go @Shuseido
* I sold the very last of my tech 2 weeks ago, (I sold 90% of it Nov thru Dec) I own none, not even a derivative of tech, unless it's short... All other tickers highlighted I own or have options on*
First let's look at the largest component of Nasdaq AAPL makes up over 12.5% of the Qs...
Apple failed to break the high on the last run, after 2 failed attempts at breaking trend it retreated back to the 50/100 day MA. The red candle confirmed a lack of momentum for a third attempt. I expect more retreating to the 150 (cyan line) and 200ma. From there does it build? How it moves will depend if it tests the downtrend (lower lows, white long arrow), yes that's a long drop.

QQQ an ETF that tracks the Nasdaq (together and with some others like $Invesco NASDAQ 100 ETF(QQQM.US)$ form the Qs) it moves at about 2.5 cents to every 1 NQ point.
MACD rolled over back to bearish, and there is room on the RSI to sell down still.

Next let's get sense of the fear in the market (volatility is just a risk assessment and by extension fear measurement) $VIX Index Futures(MAY4)(VXmain.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$  The trend has reversed, this is how a stock reacts when it is trying to break a long trend.
The 200 and 150ma are now support as well as the 2 resistance lines (resistance becomes support and vise versa when broken) once the major trend (yellow) is broken again we should be off to the races like the previous time (purple arrows). Volume would confirm trend.

Oil 🛢 $Crude Oil Futures(JUN4)(CLmain.US)$ $United States Oil Fund LP(USO.US)$ (ETF that tracks us oil - West Texas Intermediate/light/sweet crude *yes they used to smell and taste oil, like wine, to judge the grade/quality!)
The swan song of oil has been reported by every talking head I know. "demand destruction" - "shut downs" - "overproduction" 
This is bunkum and balderdash! Oil is acting exactly how I predicted it would (I posted on OIL). It went to 95 and what happened- volume showed up, and bought. "but IAMIAM, its kind of weak volume"- True, what's happening is the smart buyers (some suppliers I deal with) bought, other buyers are waiting to see if it falls further (mistake), look for big volume to show up propelling oil further. Now enough opinion what about the charts.
Oil broke the 1yr trend and held up on the 10yr trend. There is the 100ma below should oil slip. RSI is about as oversold as oil gets, and MACD is showing a bullish divergence. If oil does not take off, it should hover along the 10yr trend, bouncing between it and the 1yr trend, building up momentum (that shape is called Higher Highs Lower Lows it is a bullish pattern)

$VanEck Oil Services ETF(OIH.US)$ An ETF (made up mostly of Chevron and ExxonMobil ~30%)

$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US)$ Had a small bull flag looking for a larger breakout.
Notice the violent drops before building back, welcome to the commodities cycle. Individuals or companies (even the company itself) are the primary holders so they can swing them, (also why when the trend is over last one out holds large bags, but fear not we aren't even close to a top yet)

$Whiting Petroleum(WLL.US)$ An oil driller. MACD DIF is rolling up (orange line 3rd chart down)
Notice this is true on nearly all the commodity tickers.

$Occidental Petroleum(OXY.US)$ An oil explorer as well as chemical company (also has Potash!) making it a favorite of mine (and Buffett)

Gold 🥇 $E-micro Gold Futures(JUN4)(MGCmain.US)$  I love gold and buy gold, I want more gold. (mainly because I hate/dont trust governments reckless spending)
The charts are beautiful, on the daily (below) the consolidation has allowed the Moving Averages to all line up in order (no more long bears)

$SPDR Gold ETF(GLD.US)$ ETF tracks gold future price.
Longer trends first, 10 year retactment, consolidation and advancement (cup) going into 2 year profit taking, trend check, consolidation and advancement (handle) leading to

and because I had my start in the mines I have to show miners $VanEck Gold Miners Equity ETF(GDX.US)$ Ok buckle up! keep your arms and legs inside the ride at all times, here we go. These are HODL and BTFD charts.
From the longest time frame (keep in mind the gold charts and what I expect gold to do, otherwise this all looks bearish like we are going down the channel). also a bearish argument should you choose to make one. But, like TSLA I won't bet against gold right now.
Monthly chart approaching the gold peak (and GDX breakdown) trendline. The orange channel is the covid channel (gold was oversold at covid selloff and spiked following). The yellow channel is the bottom of gold price to the resulting oversold spike roughly 2015 (look how long gold was oversold going into that spike! *red).

Closer view, when gold breaks out this will explode through that gold price trendline (makes sense right?) $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN(GDXU.US)$ 3X bull leverage on GDX Notice how the streak of higher highs and higher lows was paused precisely at the long green price trend going into the weekend before a shortened week

Silver 🥈 $iShares Silver Trust(SLV.US)$ does not back shares with physical silver
$Sprott Physical Silver Trust(PSLV.US)$ physically holds silver for every share purchased, about 1/3 t oz
Silver moves somewhat in tandem with gold.  The typical gold- silver ratio (how much silver it takes to equal 1 t oz gold in price) is around 15 to 1 (it would take 15 t oz silver to trade for 1 gold t oz) the current ratio is around 75+to 1 (manipulated much).
The green line is the price trendline.
Silver is being emptied out of banks, the US will no longer mint silver peace or morgan dollars because they cant get silver blanks.
*As a caveat I was sold calls at close a little too easily for my liking. But the trend had just flashed a solid bullish reversal on the daily, so hopefully I caught someone napping.

My runners of the week Fertilizers/Potash 🚜 $Intrepid Potash(IPI.US)$ $The Mosaic(MOS.US)$ Set up on that trendline and blasted off it. But is there upside?
Yes. I believe we should reach the top of the channel around 120, and good news, we took off so high we are bound for a comeback, but when and how far? 

Energy: 🌡
$Energy Select Sector SPDR Fund(XLE.US)$
Moving up along the channel. Watch for a challenge at breaking into the upper channel. It has consolidated nicely.

$Invesco Dynamic Energy Exploration &Production Etf(PXE.US)$ 👷🏽‍♂️ Showing the long trendline

🔥 $First Trust Natural Gas ETF(FCG.US)$ An interesting chart as we are entering uncharted territory. FCG has broken it's all time trend to the upside, covid broke it to the downside.
There is a theory that when energy is moved in one direction and the force(covid) moving it is removed it will take that energy and transfer it in the opposite direction.(like a rubber band)

Uranium 💡 $Energy Fuels(UUUU.US)$ $Denison Mines(DNN.US)$ $SPROTT PHYSICAL URANIUM TR(SRUUF.US)$ Find a ticker and get in.
Hmm this chart looks like something I looked at recently, oh yeah IPI !!!!!!
Look to blast into the upper channel. We havent been building for nothing. Notice the perfect double bottom off of long support (sorry didnt draw the line) looking at 12+++

Metals 🏗 $SPDR S&P Metals & Mining ETF(XME.US)$ This has a little mining in it also for a good kicker. CLF, X  make up ~10%. Rejected off trend. MACD looks like it's trying to turn bullish, but too early to tell.

currently at over 1400 tonne!!!
$Cleveland-Cliffs(CLF.US)$ Looks to at least start the week bearish, looking for a reversal and new entry point.
On a technical note Jan was the end of commodities cycle wave 2 (down) and the start of wave 3 (longest strongest wave). Wave 1 (bullish) ended at 34 so a 168% extension puts CLF near 58, if one believes in that technical theory.

$United States Steel(X.US)$ Looking at a pull back this week (a great buying opportunity) to trend possibly break below.
This should provide an entry point before the blast up to stay in the upper channel

Finally biotech🧬🧫🔬- first $SPDR S&P Biotech ETF(XBI.US)$ the biotech ETF
Looks to have turned trend.

$ChemoCentryx(CCXI.US)$  My favorite child, and largest holding.
Right now it is approved in treatment of AAV (Associated Vasculitis). It is currently in trial(s) for C3G (FED meeting 22') HS (FED mtg planned, phase 3 trial 2H 22') Lupus (trial 2H 22')  and Cancer (phase 1 trial data 22'. phase 1b/2 initiates 2H 22'). Lots of catalyst, I expect a big year, which is why I will buy everything on the-
Bear trend started Friday, could test down to 21.46 oh please, please please! but it has reached the bottom of the trend, and is approaching oversold.

$Cortexyme(CRTX.US)$  An ingenious solution for alzheimers in certain patients. Proof of theory is in the trials, but they were too broad, and had some liver enzyme issues. A new trial has started with positive results Data due Q2 2022. But can they get it to market? Well they have $90m cash on hand and the trial is mostly funded. They recently changed their management.
Looks to start the week down, waiting for an oversold signal, and MACD reversal to add to my position.