Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
avatar
iamiam wrote a post · Apr 14, 2022 02:21

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.
UPDATE III
$iShares Silver Trust(SLV.US)$  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)
UPDATE III
$SPDR Gold ETF(GLD.US)$ Coming off that sweet breakout. Looks just like silver and therefore the same assessment.
UPDATE III
Look at how the buying XL orders are nearly double the selling. And look at that buying spike at the end of the day.
UPDATE III
The Miners! $VanEck Gold Miners Equity ETF(GDX.US)$  We broke the gold price line! (as I predicted! but gold itself did not follow YET!) Now we are free from all previous trends, they have never been making this much money.
UPDATE III
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.
UPDATE III
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.
UPDATE III
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.
UPDATE III
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"
UPDATE III
$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US)$ 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.
UPDATE III
$First Trust Natural Gas ETF(FCG.US)$  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. 
UPDATE III
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
UPDATE III
Finally onto the big stuff (minus gold) its Oil, VIX and NQ
$VanEck Oil Services ETF(OIH.US)$ $United States Oil Fund LP(USO.US)$ $Crude Oil Futures(JUL4)(CLmain.US)$ $Occidental Petroleum(OXY.US)$
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
UPDATE III
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)
UPDATE III
$CBOE Volatility S&P 500 Index(.VIX.US)$ $VIX Index Futures(JUN4)(VXmain.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$ 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.
UPDATE III
Zoomed out
UPDATE III
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$
Let's work in reverse from the daily.
NQ got it's oversold bounce, but is it done?
UPDATE III
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.
UPDATE III
2 hr, long uptrend hitting on overbought.
UPDATE III
1 hr, Overbought, MACD and DMA are rolling over (changing trend)
UPDATE III
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
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
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
1
25
+0
63
Translate
Report
482K Views
Comment
Sign in to post a comment

View more comments...

avatar
iamiam
Engineer, Commodity Buyer, Alert Bettor, Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
8254Followers
219Following
39KVisitors
Follow
More from iamiam