GTStockmaster

GTStockmaster Updated 

Just an interesting finding that the current TSLA price action is almost a perfect imitation of Tesla's behavior prior to the Feb market crash. The only difference is that the time-scale is more compressed. These things have a tendency to break away from the pattern, but I do think it's interesting and somewhat telling in the short term.

GTStockmaster

Using the ratio of equal weight S&P 500 to the market cap weighted S&P 500 provides great insight into how concentrated the market is. Market Concentration Market concentration tends to grow as a bull market extends into its older age. There are some basic structural reasons for this. Portfolio Managers & discretionary investors naturally pile into winning...

GTStockmaster Updated 

Very similar pattern to 2000 tech bubble peak. Amazon's current pattern = terminal.

GTStockmaster

I could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important. I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just...

GTStockmaster Updated 

Healthcare is mirroring 2015-2016's triangle breakout pattern here with an obvious move above the trendline. LOTS of people see this, and there are many people viewing this as a repeat of the post 2015 rebound. I'm not totally sold on that scenario however. 2015-2016's healthcare consolidation saw a lot of frauds busted and companies deflated. Currently, we do not...

GTStockmaster

This primary indicator just flashed a huge warning signal. Looking like its time to sell and take profits on the enormous post GFC rally. Note - keep a close watch on weekly claims in the coming weeks. We still want a little bit more confirmation of this rising before jumping to conclusions about the direction of unemployment, but I do not take this cross...

GTStockmaster Updated 

updating the previous chart to look at how this is behaving. Keeps retesting neckline, yet it keeps getting rejected. If broken, this will rally a bit, but I still expect this to head south significantly.

GTStockmaster Updated 

This is about to take a dump. Concurrent with the rest of equity markets today, it's another big shift in trend.

GTStockmaster Updated 

The squeeze in Treasuries is coming soon. Right now, it's just getting started and testing the break. The narrative of deflation has picked up steam strongly in the past 2 months with oil now clobbered, Powell going dovish (today), stocks down, and many many other reasons.

GTStockmaster Updated 

Breaking the H&S today after the quick earnings rally and fade.

GTStockmaster Updated 

Massive head and shoulders that will break if Oil continues to break down, which is looking likely.

GTStockmaster Updated 

And a look at the shorter term picture here as we see a triple bottom that is obeying long-term support. Set stops around 95, and let this ride.

GTStockmaster Updated 

Great setup to go long weed stocks right now. This may seem counterintuitive during what looks to be a coming market selloff and fears over recession, but this is shaping up to look as a great mid-term trade. Some Quick Thoughts... From a chart pattern perspective, this chart is almost a perfect "v" type dip, with accelerating selloffs eventually leading...

GTStockmaster Updated 

I've been watching this natural gas producer as it's one of the most productive gas producers with one of the best balance sheets out there in a highly beaten up industry. Their valuation is great despite some challenges in the natural gas industry, and they saw a huge selloff after worsened guidance recently. I'm now buying on this weakness. Here is why: ...

GTStockmaster

This ratio shows more crowding into mega cap names within the S&P 500

GTStockmaster

Copper is interestingly a great gauge of economic health coming from Asia, and also a relevant view on global growth / inflationary expectations. We've been battling two head and shoulder formations since the GFC. First, the very large commodity bubble formed a big head and shoulders that peaked roughly around 2012, a time where China had maxed out its credit...

GTStockmaster

Basic chart showing CNY & EM

GTStockmaster

JPYUSD broke out today with a huge 1% move to break out of a 4 year long wedge. This is a bit of a technical move, but it has loads of fundamental implications. Before I go into detail, note that before and during every major market breakdown, JPY spikes, at least in modern times. It has a reputation as a safety currency / safe haven due to this reputation....