swimmax

swimmax Updated 

We see a touch of the 76.23 handle for USOIL and it will be a tough line to cross. Oil hasn't seen these levels in a long time and I don't think the pump is actually catching up to the true price yet. There are still major supply issues and restarts of US refineries after the latest hurricane. We are still looking at some upside though a pullback to 70 is also...

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We are forming a daily chart bull flag pennant on OSCR. With the recent 5-5.5 rise in this stock look for a continuation to probably 22-23 range if we break resistance at 18.5

swimmax

Have been waiting for a few weeks for PLTR to break resistance 27.34 and now on the way to Higher highs. Next level based on charts is 29.98 or 32.xx depending on where you would like to trade to in your plan.

swimmax

Daily charting and there is a downward channel breakout, to the upside, on USOIL. Could this be a rebound for crude? Waiting for confirmation on the daily and then looking at candle close above 70.4

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Still in an uptrend though it is starting to wear off. The 50MA needs a solid break and close above to continue any upwards momentum. Looking at NFP numbers and the PMI due out today to see if industrial production will stay strong. Neutral in the near term

swimmax Updated 

Setting up a bull penant for appl on the daily chart. Top look to be 151.x range. Waiting for a breakout and then a retest of the 150 level. Possible leg up is around 26-27 dollars.

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Sitting right at the short term resistance line of 24.009 (almost a whole number) we see a rise above that and then a retreat from the number. Currently waiting for a confirmation of the direction for the trade so we can extend more into XAG in the near term.

swimmax Updated 

We have had this chart open for a few months and watching that 1680 support level. This "flash crash" took a quick bounce off of support and is not back up in the 1742 levels. We are watching to see if this is a continuation or just a restructuring of XAU gold levels in the near term.

swimmax Updated 

There is strong (but not the strongest) S&R at the 3234-3248 level. We have drawn in a long term fib line that matches pretty close to this level at the moment. The only problem with it is that there is not much back data to go on just a total 7 daily candles have held an S&R at this level. If we get a break above then look for a continuation to 3K and a...

swimmax Updated 

At the end of trading last week we had a bounce off of support at the close 61.71, and at opening today (Asian) oil has risen from that level. If we continue to rise through the day and hold this 61.71 level it becomes critical support. The next level down is 58.7x and the next resistance is 66.3x range. Trade carefully, there will be risk off this week with...

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based on price action the daily BTC sets up for a move to 50800 based on price action btc goes to our 50800 level.

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We had a touch of the 50MA today at the opening today and are positive (for the day only). I am waiting for a close today for any following decision.

swimmax

$BETZ the popular betting ETF looks to be loosing some steam on the daily chart. The stock recently broke the bottom of the channel (that has a slight downward trend) and is now below the recently started 200MA. Our entry points for this stock are $25.x and $22.x ATM. Look for a continuation to these points and then a trading scenario (in either direction)....

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For the last few years we have seen DLTR stuck in a range between 67-115 (smaller range from 88-115). For this stock to continue and not offer some kind of dividend (I believe we are out of the growth phase) is unheard of. If you compare the growth in retail at the moment between say TGT and BBBY, I know it's a stretch but this pricing needs to be adjusted...

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Looking back through the last few years of BTC we see that there is a bounce off the 1.618 fib @$29881. If this hold we could see a reversal in the trend. In case you are wondering it's a still a long term bull, short term (less than 1 year) bear trend at the moment. A drop below the 1.26 fib would push the long term bull trend flat, leaving us with lots of...

swimmax Updated 

As OIL continues to rise we broke out of the trend above 64.5 and are now in the 65 range (pre-trade) look for a continuation to 75 in the near term

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Right now on the daily chart for AMZN we are looking at a triple top (if we hit the higher green line) or just a lot of trending to the upside at the moment. It will be very hard to value AMZN any higher right now based on the technical. As the US economy continues to open up more people will be out shopping (bad for amzn) shopping local to support local...

swimmax

We are patiently waiting for gold to cross the 1910-1920 threshold. We are still bullish overall as we sit above the 200MA and the 50MA but looking at Thursday's CPI projections as a sign of where things will be in a few months.