jBTCkingaling

jBTCkingaling

One of my best performing single name equities of 2024 - $NYSE:VRT. I've closed most of this trade because it has swollen to be a larger portion of my portfolio than was intended, i.e. portfolio rebalancing. I will keep VRT on my watchlist as a new leader in the AI infrastructure category and a YTD leader overall. I will shop for pullbacks to the 18, 21, and...

jBTCkingaling Updated 

Note: I am LONG NYSE:VRT A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high. My long entry triggers when price > right shoulder high, which...

jBTCkingaling

From my August 15, 2024 Interim Market Update: As mentioned in reports #53 and #54, watch for a potential upside move in AAVE. The interlocking Head and Shoulders pattern hints at a breakout if prices can close above $120 after rejecting the downside. 🚀 AUGUST 22, 2024 UPDATE The market broke $120 and charged 10% higher to its current price around $134. My...

jBTCkingaling

NYSE:GE confirms next leg up Mentioned in the past few reports for members as one of the quiet performance leaders since bottoming in 2023 and breaking out of a multi-decade consolidation after. The depth of the consolidation projects a target up to $265 per share, or about +30% from here. Prices are breaking out today, and on a risk-adjusted basis, this is...

jBTCkingaling

In last weeks Spaces , I discussed "sweet spot trades". Tezos ( KRAKEN:XTZUSDT ) -- prices bounced off of, and showed a clear rejection (support) of $0.65 level, which became the "head" in an upward slanting inverted head and shoulders bottom. This pattern is developing with enough clarity for me to take my first-ever position in XTZUSDT... BUT... until a...

jBTCkingaling

This is called the "Steepener" trade and refers to a mean reversion in the yield curve. From current level of (-38 basis points, or -0.38%), I'm targeting a move back to 1.00%, or ~70bp, risking down to about (-45bp), or about (-13bp) downside. Yield curve steepeners seek to gain from a greater spread between short- and long-term yields-to-maturity by combining...

jBTCkingaling

I'll do my best to leave the politics out of this. Mass shootings are in the spotlight again, and it would be obvious in hindsight to see a boost in demand and sales for security systems such as metal detectors. NYSE:GWW , who just teamed up with The Mom Project, had $13 billion in sales in 2021 and is a leading distributor with operations in North America,...

jBTCkingaling

There's no kind way to put it - this is close to a major sell signal with lower price implications. Tread cautiously. Other tools that can be used to hedge equity market correction: 1. Selling covered call options to collect premium 2. Going to cash 3. Buying a short ETF (not my favorite) 4. Buying put options (this is no longer feasible as base case due to...

jBTCkingaling

Signal was selling the break line of the descending pattern that formed in DX Futures, with a stop-loss at the high of the breakout day. Do we stop for chop here at support, or is this a significant FX trend market change? Can the Fed really continue to raise interest rates with real world business shutdowns in America's largest cities continuing due to Omicron...

jBTCkingaling

NASDAQ:FB META, formerly known as that one company, set to explode after news of changing its name to META in anticipation of the forecoming immersive digital experience they intend to build. FB/META will win in this space because of early mover advantage and capital to acquire growing leaders. Inverted Head and Shoulders (bullish) at trendline support is a BUY...

jBTCkingaling

See previous post on Silver. Gold is forming two launching patterns - a double bottom, and more tactically ready, a 5-pt bullish reversal. The return of the traditional inflation hedge?

jBTCkingaling

A perfect example, in hindsight of course, of the trading axiom, "From Failed Moves Come Fast Moves" - in popular new stock trading name - Blink Charging. NASDAQ:BLNK

jBTCkingaling

NYSE:AG MCX:SILVER1! AMEX:GDX TVC:GOLD It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges. It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid. Regardless - silver (shown) and gold are hinting at cycle price...

jBTCkingaling

ICEUS:KC1! I learned a handy tool used to manage risk under certain circumstances - the Three Day Trailing Stop Rule (3DTSR) In this example, I actually fade the 3DTSR, but being able to execute different styles of trading strategies reflects an understanding of them, while acknowledging that no system or strategy used in markets will be perfect. Three Day...

jBTCkingaling

AMEX:XLE NYMEX:CL1! NYSE:XOM NYSE:AMPY Energy stocks, crude oil, and the XLE energy ETF all flashing buy signals. $100 oil looks invitable. From failed moves come fast moves, and oil/energy stocks failed an attempted breakdown below the neckline. A few favorite long ideas: $LPI, $AMPY, $XLE, CL1 (futures), $XOM

jBTCkingaling

Snowflake is a cloud computing-based data warehousing company based in Montana, named after the founders' love for winter sports. I like winter sports, and the ticker SNOW is aesthetically appealing in my portfolio. The trade setup was straightforward. The company IPO'd in 2020 at $220, and after one quarter that saw investors take price up above $400 per share,...

jBTCkingaling

Aside from Crypto, I've had the most success in the last decade trading crude based on a combination of technical analysis (classical charting) and trading the news (economic indicators, such as OPEC releases). Between March - June 2021, Crude oil prices formed a cup and handle that concluded with price reachings its target just above $75. Price then corrected,...

jBTCkingaling

COINBASE:LINKUSD Chainlink is a real world company, but also a protocol with a native token that can increase (or decrease) in value as Chainlink's network effect grows. A better description of Chainlink's network of oracle nodes and how the protocol attempts to solve the challenge of bringing real world data to the blockchain can be found here: www.yahoo.com...