Lanmar

Lanmar Updated 

There's been some divergence in the miners for the first time since silver broke down from 28 as we're trading at the 618 range low - high. Notice the demand and supply at this level since Q4 last year - a lot going on here. Zooming in on the 4hr: For short term traders this is a decent long spot. The 200dma is 26 - so it would need to reclaim that for a more...

Lanmar Updated 

Covid headlines + a test of the 50 day moving average and former support We also have a monthly test of the 9ema here

Lanmar Updated 

Dow's been consolidating in a rectangle pattern for a few weeks. I like DIA call options going out to June/July or Dow Jones futures. I'm expecting a breakout soon based on this week's price action. A break below would trigger a short, but I view that as a low probability

Lanmar

This is a basic look at how you could execute a trade based on the daily, weekly, and monthly time frame with exit rules that fit your risk criteria. In trading, we're timing entries based on signals. The signals on MDT are seen on the monthly, weekly, and the daily time frame, which for me triggers the entry for a longer term position trade. On the daily we...

Lanmar

SIRI gives me Blackberry vibes. No one paid attention to Blackberry and thought the bulls were crazy for getting long in the 5s and 6s. You could see some of the comments in this post on BB here from Aug 2020: Tightness in volatility is what traders look for. Especially multi-year consolidations like SIRI. In my first year as a stockbroker my boss said......

Lanmar Updated 

Monthly resistance triggered with a double top in June and a retest of major monthly structure as shown in the chart below: We have a breakdown on the daily time frame. Any retracement into the minor red zone would be a spot to add into if it goes there. Targets could extend into the mid-high 1.20s based on the monthly

Lanmar

ECB interest rate decision is in about 2 hours (13:30 CET). Price action suggests a rebound from these lows. The written summary below is NOT MY WORK - it's copy and pasted from BK Asset Management research (Kathy Lien) and why they're bullish ahead of the interest rate decision. I agree with all points, but most importantly so does price action. On the eve...

Lanmar

All major gene editing stocks look like they're on the cusp of big moves higher. (See last post on NTLA) Zoomed in on the shorter time frame we have a trigger off the 618 4hr retrace. There's some overhead supply in the 50s for shorter term targets, but this is a long term play with much higher upside. Seeing similar in CRSP, but EDIT is showing a more...

Lanmar

Tight at the 21 day moving average and coming out of the wedge here Breakaway gaps like these tend to be very bullish

Lanmar

AMC held where it needed to in the last 24 hours. So far we have a standard monthly retest of the breakout level. If AMC closes below ~$28 on the monthly time frame that would likely signal a false breakout and lead to a reversal of momentum to the downside. For now momentum still points to higher. No position

Lanmar Updated 

DOT is very tight right at the 10/21dma and coming out of a bear flag here on the daily. Invalidation is a daily close above ~$20. If we see $5-7 I would be a buyer. Just like markets climb a wall of worry, markets cascade on a wall of denial.

Lanmar Updated 

I'm long from 75 but think it has a lot more room. Let's see if we could close above 95 at the end of this month. It'll be be big

Lanmar

This is a basic example of the decay in GBTC vs Bitcoin and why you should never hold ANY Grayscale crypto products in your portfolio *long term*. GBTC is the Bitcoin investment trust that Grayscale offers to get exposure to Bitcoin. Based on Friday's close of 27.68, it's trading as if BTC is around $16,700 per coin - half its value. Keep this in mind if you...

Lanmar

I'd imagine at least a retest of all time highs

Lanmar Updated 

I'm looking for key levels to trade around. Risk reward is not attractive inside these levels unless you're trading short term. If stops are too tight they'll likely get ran for no reason and you'll get chopped into ribbons as the market wants you to. If they're too wide you can't really have too much size on. The only interesting risk reward I see here is a short...

Lanmar Updated 

Amazon is still in a very wide consolidation range... but it looks good here for a bounce. 618 retracement + 200 day moving average + significant structure. Just look at NVDA - it worked well there! I'm long AMZN

Lanmar

These stocks aren't related in the slightest, but they both have a very strong look to them. Last analysis on FEYE:

Lanmar

The above is a symmetrical triangle in XRP. Should see a strong launch once it breaks out XRP vs ETH - we have a bottom and now seeing relative strength here's my first and last analysis on XRP. It's been a while..