UnknownUnicorn16739272

UnknownUnicorn16739272

There were a lot of good set ups in this list as well as some not on the list like $AMD. The others were MSFT AAPL ADBE ADI TEL V MA KRNT and ZEN. Many great set ups. V looks gorgeous. MA about to break as well. ADBE has a gap at $600 but earnings coming up and margins may be squeezed. NVDA has the breakout and retest that is nice to see. Stop can be set between...

UnknownUnicorn16739272

T had a fake breakout from this support turned resistance zone. I did not expect it to get murdered like this though. As a highly indebted company, it is easy to understand that rising rates will hurt them. Be careful not to just buy this for the dividend especially since they may cut it in the future.

UnknownUnicorn16739272

Gold has been the worst inflation trade of 2021. Maybe it was due to the inflation trade was not enough with alternative non correlated assets like bitcoin and others. We have seen people flying into these "uncorrelated" assets only to see them become more and more correlated to market moves. Gold has been the uncorrelated asset for a long time. With this...

UnknownUnicorn16739272

CVX is looking to hit a new ATH soon. I would expect it to run through, retest and then resume higher. A lot will be dependent on the data that is coming out over the next few months. Based on what SLB said, I think CVX will also see benefit from this economy and government involvement. Gold and Oil will be the new tech for 2022 lol. Ridiculous to even think about...

UnknownUnicorn16739272

Short term I expect to see a bounce to either of these trendlines. I certainly hope they push past but if they fail, especially the higher one, we could see a nasty fall out. Short term opportunities are there to play but long term, you do not want to be holding if this breaks down further. MSFT earnings tonight will be a key indicator of the businesses that do...

UnknownUnicorn16739272

VRM is one of those great pandemic idea that has rode right off a cliff. Can it go lower, absolutely. All the way to $0. I expect to see many bankruptcies over the coming years. We need to have them to get out of this ridiculous bubble. Be careful on all of those pandemic ideas going forward. Solid cash flow, margin strength, history of going through real...

UnknownUnicorn16739272

Disney has taken quite a beating recently and has backfilled the gap around 130. The risk reward is very appealing here. Stop at yesterday's low or slightly below it. Good luck. This is for informational purposes only. It is not intended as investment advice for anyone who reads it.

UnknownUnicorn16739272

This is an interesting spot to bounce except that it runs with this trendline. I do not know if it will hold but I think the risk reward makes sense. Especially for a bounce here. I would use that line or slightly below as my stop. I am not sure about holding through earnings. It has a lot to prove against last year and even if they beat, markets have punished all...

UnknownUnicorn16739272

FDX backfilled the small gap up it did recently. Fed decision coming Wednesday has markets spooked so be careful. We will know soon enough how supportive the fed is going to be with markets. Watch any clock behind J Powell ;)

UnknownUnicorn16739272

ENZC has a great risk reward here. Plenty of positive news and collaboration to celebrate. The biggest issue is whether this route of "beating down small caps at all cost" is over. I think a stop of .1010 makes sense. Few % negative but if she starts to rally, 100%+ is a possibility in a short term. This is not a recommendation to buy or sell. This stock is too...

UnknownUnicorn16739272

MCRB has a beautiful look. Been playing since the breakout and I think she has further to run. Inside days can be great reload situations. 90m float. Would love to see her fly tomorrow. :)

UnknownUnicorn16739272

CRM had a good earnings report. Basically in line for revenue and positive surprise EPS. Yet the market still hammered it. Be weary of ERs going forward. You must have a homerun to gain in this market.

UnknownUnicorn16739272

For reference in case you have not seen it. Here is the gap with no defined resistance. There will still be people selling or trying to short but I would love to see this filled by NYE.

UnknownUnicorn16739272

I certainly hope this does not drop to $16.5 since it is a heavy weighting of the IWM but gaps are known to be magnets during pullbacks. This company is not worth the price it is so we shall see. It is unfortunate that the indexes have become filled with junk which means this pullback could lead to something worse. We will find out soon enough.

UnknownUnicorn16739272

VLO has a nice pattern developing. The government is now using reserves to help offset the inflation that they are causing and will continue to get worse. Oil should be a benefactor in this as well as the refiners. If inflation turns out to be transitory (not going to happen when you increase the M2 money supply by 40%) then the rise in commodity prices will be...

UnknownUnicorn16739272

IWM kissed this trendline around $231 almost perfectly and it was very quick. Will need further follow through but hopefully this bounce begins the follow through for the small cap rally. This last week or so was a bad beat down of companies in that category. One final knock down before the run? GLL

UnknownUnicorn16739272

Vanguard's value fund is back at this breakout line and had a beautiful touch and bounce. All indexes have been cooling off this week which is normal. It is hard for me to see excess selling into the rest of the year except for the debt limit ceiling issues. However that would be catastrophic because it would immediately cause our credit rating to drop to levels...

UnknownUnicorn16739272

$ADBE with the beautiful chart here. These are exactly the breakouts we like to see. The only issue is all breakouts seem to fade rather quickly right now. Either way, it is a great company with a lot of future growth.