dglett

dglett

AAPL is coming out of a bearish falling wedge that was the 4th wave pullback. The breakout is strong, but usually there is a retest. So, look for a retest from the swing high VWAP, which also coincides with the falling wedge breakout area for a continuation to 212.

dglett

PXD Daily: This stock was looking pretty enticing on my charts. It looks to me like it is finishing a wave 5 and within the wave 5 there will be a wave 4 pullback that should offer nice swing and a decent Risk/Reward ratio

dglett

This one looks like a break out with Trend Line analysis. But the Demand/Supply Zones on either side of current price mean that it probably will not move very quickly. It does have Positive Divergence on the PPO. This one doesn't appeal to me until it is above 145 or below 113.

dglett

Today I was playing around with a chart of the US Dollar, trying to find past market behavior to the SPX and Gold. On this weekly chart, I found that the DXY is in a upward price channel. I noticed that there is a double bottom similar to the one from 2008-2011, so I copied the bar pattern from that spot and added it to current price area. I wanted to see how...

dglett

This looks like a great set up. Price has moved back to the top of a prior gap, which is usually strong price S/R. It is also at the 50 EMA. We also have the PPO crossing over above the zero line. Oil seems to be moving up again. And MRO surged today. I looked at MRO and OXY on a comparison chart and they trade very closely. Looks like the Cup and Handle target...

dglett

NIO has formed a huge Head and Shoulders. I took the measured move which would make price in the $10 range. I don't expect that kind of move unless something extreme is happening with the market in general, China or NIO. Just have it on the chart to know that it is something that could occur. NIO appears to be finishing a 5-wave down move. I don't believe this...

dglett

It appears that SQ is putting in Wave 4 low. Soon Wave 5 will be in play. On the bearish side - SQ has a very large Head and Shoulders formation that I don't think will play out to the expected move. Tech has been selling off lately and probably will for the near term. But soon people will begin going back into Tech and Growth, seeing the drops as great value...