ratchet-mint

ratchet-mint

PLTR had a false breakout before moving back into congestion zone and breaking below its internal upward trend False breakout leading to pullback into trading zone broke through internal upward trend low volume during this time indicates congestion. Potentially looking at a pullback in time before more rallying continues PLTR is certainly a great...

ratchet-mint

NVDA has rallied very nicely over the past two days breaks above resistance temporarily indicating price exhaustion. started pulling back in late day trading decreasing volume during pullback indicates decline should not be severe, merely to put it back in trading range again. NVDA appears to have room left in the rally overall with a mid pullback to...

ratchet-mint

After a good cpi report NVDA rallied with momentum giving clues of more rallying to come Rally stayed under resistance level which indicates for a sustained rally Volume increased and remained steady during rally RSI broke above 50 going into bullish zone. Hopefully SMA will follow NVDA has started to form long term downward trend that began back in...

ratchet-mint

After the cpi report SPY went from selling off dramatically in the morning to turning around rallying with strong momentum and volume. CPI report brought a lot of volatility to the market today SPY started selling then turned around quickly to break resistance We note the increasing volume as the rally continues The final period did end with rather...

ratchet-mint

PLTR received some wonderful news lately and surged to dramatic highs very quickly Gapped up then rallied during yesterday trading before settling off Expected selloff is starting as hype wears off. We should expect to see more selling off in the near term before stock settles PLTR remains in the bullish zone so far. We are starting to see more...

ratchet-mint

XLU is showing signs that its recent rally maybe coming to close and start selling off for a period of time XLU is currently one of the top sector ETFs for defensive move Its turn around over the past year shows the rotational shift away from risk to defensive Currently its recent rally is looking to come to an end. Best to wait before making anymore...

ratchet-mint

SMH failed to make new highs after the last rally and now forming downward trend At the peak of July 10 we have seen a continued decline in SMH overall Latest rally peaked in August 21 coming in much lower than July 10 As SMH gradually sold off it also helped form a strong resistance line painting a long term grim picture We are in late cycle investing...

ratchet-mint

SPY bounces back after Friday sell off, still inside downward trend comparing against 1h and 2h timeframe we see that ema remains below sma for both This also holds true for RSI between 1 and 2h. RSI remains remains below sma stock remains inside the downward trend after bounce back SPY still shows signs of bearishness and more selling to come. Not...

ratchet-mint

NVDA broke under neath major support level friday over fears of recession looming then reversed course Monday. breaks through downward resistance trend breaks back above major long term support RSI shows strong turn around One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it. We are now seeing a number...

ratchet-mint

QQQ is showing to be less predictable and prone to false breakouts Last week QQQ performed a two day long false breakout above before retreating Today we see QQQ again break below its downward trend. breaking below a downward trend is usually followed by a course correction back into the normal trading zone QQQ is proving to be volatile and thus...

ratchet-mint

SPY is forming clear downward trend showing more selling to come. Sold off with momentum and increasing volume indicating strength in the move We are in the beginning of September which is normally a bad month We should expect selling to continue SPY is in the midst of a sell off. Best right now to wait for signs that selling has slowed and starting...

ratchet-mint

NVDA sold dramatically recently and now trading at a major key support level. Major support line being tested Need to wait and see if NVDA will break through to cause more selling or bounce off. If the uptrend does not provide enough support we will be looking at 96.00 roughly for next support NVDA is in a neutral zone right now. It could bounce off...

ratchet-mint

Looking back at the last two major rallies we see that the latest one has not broken above to new highs. Raises concerns of longer term rallies less likely to happen SPY is forming double top reversal pattern Longer term future rallies called into question More defensive sectors are experiencing rallies over the past year (XLU for example) Defensive...

ratchet-mint

QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces Horizontal support line starts to form after sell off Still within downward trading range Could be stock is taking a breather before more selling continues September and at times October are notably bad months of the year We are...

ratchet-mint

QQQ past breakouts above shows it was false by selling off in a massive way with strong volume Failed to hold above new support downward trend Failed to hold above major horizontal support line closed with hammer candle on high volume. This last item we dont expect to be a major turned around point back to bull. It should just be rise back up horizontal...

ratchet-mint

SPY Today pulled back much further than anticipated after the volume price exhaustion on Friday close. We have now broken below key support and into bearish territory A pullback was expected today due to volume spike on friday close during a rally Sell off proved to be more severe and broke below key support Final trading period gave strong hammer candle...

ratchet-mint

SPY recent day of trading gave an overall picture that this flat trading is coming to close with a potential rally coming. Gapped up for second time in the 2 days Sold off slowly with low volume The rally in late day spurred by smart money with increasing volume Stock breaks through upper resistance for first time SPY is showing a strong bullish...

ratchet-mint

Today QQQ started with another gap up breakout for the 2cd day in a row. Stock retraced then rallied again in the late day. Stock gapped up again doing another breakout weakening the week long sell off trend. Retracement that was expected sold off less and at slower pass than the day before Late day smart money jumped in and pushed the stock to higher...