Robertlesnicki

Robertlesnicki

After making new highs in 2021, the transport ETF has failed to push to new highs on multiple occasions. This similar chart pattern also took place in 2008. There's an unfilled gap in the $148-152 level. That would be a logical target when/if this weakness continues. This is also a potential ominous sign for the overall markets if the 2008 playbook is repeating...

Robertlesnicki

Ford currently has a monthly RSI of 83.... I would argue that this is not the best time to be investing for long term returns.

Robertlesnicki

The S&P 500 is registering overbought conditions on the daily RSI indicator....

Robertlesnicki

The 10 year yield is in a clear uptrend. This is important to keep an eye on, because a wise man once said: "Interest rates are like gravity for stocks...." If interest rates continue higher, then the stock market could run into some trouble....

Robertlesnicki

The S&P 500 is in a clear downtrend! A break above the downtrend line would be bullish!

Robertlesnicki

Bitcoin is compressing here for a big move! Overall stock market could follow along for the ride.

Robertlesnicki

The S&P 500 closed at its highest level ever! How high will it go? Nobody really knows. The strategy that's worked for me is to buy when others are despondently selling, & sell when others are avidly buying.

Robertlesnicki

Monthly RSI of 93.... Is this sustainable?

Robertlesnicki

Will Tesla appreciate another +13,000% over the next 10 years? It's possible, but I put those odds at less than 50%.

Robertlesnicki

Freeport now printing its highest monthly RSI ever! This monthly RSI can stay elevated, but normally some type of consolidation will occur.

Robertlesnicki

Soybean futures monthly RSI is above 70 for only the 5th time in the last 33 years.

Robertlesnicki

Lumber futures have a monthly RSI above 70. This is only the 5th time that this has happened in the last 34 years. Although prices can still further increase in the short term, longer term some type of consolidation is due.

Robertlesnicki

The daily RSI is now trading above 73. Although the daily RSI is not the end all be all, history shows that some consolidation may be in the cards.

Robertlesnicki

Daily RSI has been over 70 for numerous sessions. Although the daily RSI can remain in overbought conditions, history shows that some potential consolidation may be on the horizon.

Robertlesnicki

Pretty tight consolidation on the monthly chart. The stock is hovering above a recent breakout level which is constructive. A break above $18.77 could lead to further upside.

Robertlesnicki

Compression is building in this chart. The move out of this pattern could be massive!

Robertlesnicki

The optimal time to be purchasing shares was in March 2020, but a break above $24.70 could set up for a move to the $40-60 area. Talk of infrastructure spending could keep a nice bid under this steel stock over the next 6-12 months.

Robertlesnicki

An interesting RSI divergence has occurred in $TLT. This could be pointing to further short term gains in $TLT.