jamespwu

jamespwu

This is a monthly chart of the Dia. Just look back during the 2008 and 2009 period, we have extremely oversold RSI on monthly basis. As of now, we have the opposite on the upside. Its possible we could see a 2000 points decline in the next few month.

jamespwu

Apple has broke 2 minor support levels recently while other major tech stocks advanced. Around 166 is a super important level for the stock. If we get below that, we could see more downside.

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After earnings, TXN broke short term trend line support. Its now heading back into the gap with trend line and the current level as resistance. Lets see what it does from here.

jamespwu

GDX finally moved up with the falling dollar.

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Recently, UUP retested the 24 area for several days and is now heading back down again. Looks like we could have more room to go.

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Based on the past weekly pattern, COST maybe due to for a pull back after earnings this Thurs. I am looking for a either a reversal for a push above the old high and reverse around 191, or just a fail after the earnings announcement. Anyway, it would be interesting to watch. But if the stock stays above the 188 to 191 zone, I would back off.

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GLD broke long term resistance, waiting for it for bounce back from a oversold condition to enter a short. 120 looks like a good spot vs the gap fill and the resistance line of the trend break

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FB had a nice break of the downtrend and is now facing some resistance into this area.

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GLD struggled below the 200 day for the past 2 days. It had follow thru today. It also broke a important long term daily trend.

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NFLX is retracing and testing some important support levels in the coming few days.

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Iwm had the highest RSI daily RSI for the past 5 years. Probability is high for a pull in. Long puts

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QQQ broke its uptrend for the first time since July. Lets see how it handles here.

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Big Wedge consolidation pattern for the past month. Potential breakout candidate

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Amzn has been the king, but I noticed this really large head and shoulders pattern. If it works, the stock can trade below 900. Target could be 875 to 850. Its just something interesting to watch. But it gets back above 950, then the chances are not too good.

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Spys has held this trend line since the the beg. of 2017. Lets see if she holds.

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Spy has been consolidating for the past few weeks or so. Today we challenged old highs with a wedge breakout pattern, long calls

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NVDA, has been loose and wide in daily trading, but its forming a nice rising wedge pattern that could potentially move higher

jamespwu

breaking neckline today, could be big move in the coming weeks