swimmax

swimmax

This is a great example of a market that is melting.... up. Every day for the past week and a half we have seen a market that opens speculatively higher and closes lower than the open. If you are looking at markets in general that are healthy you will see that most green candles support an upwards trend while most red candles support a downward trend. This is...

swimmax

Now that we have sufficiently broken the down channel on the chart and are making higher highs we are looking for a break of the resistance at 1910 and then a break of the fib (1) at 1920 which represents the next most recent high set Aug 2011. We are carefully watching inflation signs around this is also on the table as we have seen over the past 3-4 days a...

swimmax Updated 

We didn't expect this type of move on IAU (we expected a return to 21 really) but welcome now we can almost retire. Still searching for news if anyone has any on IAU it would be welcome.

swimmax

This is dream right at the current price. I would love to buy apple at 107 and take it from there. The more likely senario in the short term is between 116-120 but we could always hope for the best. Near term that is likely where we see it given the fact that half the US market will not have a passive income stream coming into the holiday season, if i had the...

swimmax

Our last line in the sand for BTC is 40,936. At that point we dollar cost average well into 20K per BTC and we don't want to be there. Next buy after that is 10K lower, in our opinion. Trade carefully here looks like a lot of downside pressure

swimmax

While everything is going on with inflation XAU is breaking 200MA and heading higher. We could see a return to 1900x before the end of May. With the double bottom on the daily at 1680 that firmly establishes a longer term floor, and 1974 and 1846 bring in short term support levels for trading.

swimmax

The US is forecasting a 0.3% monthly CPI today, we think it will be closer to 1% for the month, given the cost of goods has dramatically increased in the US and just now being priced into the market. Look for a return in the near term to the 50MA (332) and also the 1.27 fib at 326. A cooling the market needs to happen as companies continue to announce record...

swimmax

With current inflationary trends, that is a personal opinion. We see nothing stopping the continuation of ETH to 4458 in the very short term. After we complete this cycle we will look for larger fib trends and continue charting but for the short term expect, barring anything dramatic from the US government a upward trend.

swimmax

Taking a look at stocks with large gains over the past week, not including the FAANG's came across none other than 1-800 Flowers (FLWS). Not only have we bought these as a company, for our mom's of course, but also for some clients, it has been a great gift idea so tracking this on our list we focus on the large overall rising wedge that is forming. As we are...

swimmax

We are waiting for a critical juncture for TSLA at $652 on the daily chart. This short term downtrend will be met by the massive upwards trendline. We are currently below the 50MA and could be reaching for the 200MA. We are still short on TSLA at the moment but hoping for a turnaround.

02:28

swimmax

Happy Friday trading everyone. We are looking at a recent gap fill that happened (the gap on 19-22 Feb) the fill just earlier this week. Since we filled we are currently still in a downtrend (short term) looking for a test of either 601 on or a break above and test 790 range. Watch this carefully over the next week or so as we grind through May.

swimmax

STAG ...what can we say technical about it. The purple is a long term July '2017 trend line and the pink is a Aug '2018 trend. We pass the 2017 trend line and are now touching, ever so slightly, the 2018 trend line. We passed all resistance levels (long ago) and we are $3 a share away from the 50MA. In the short term we expect some profit taking and a...

swimmax

Everyone is so interested in DOGE right now and XAU tops the channel. If the trend stays the same we could see a move higher, all the way back to mid 1800x

swimmax

So the next stop on the ETH train looks to be the 1.618 fib extension or 2500. We could see a return to the 1.26 level before then but as this train is running really hot right now the shrot term target is 2500.

swimmax

We again tried to break the Fib extension at 61.8 another rejection at the 706.8 level. We are looking at three possibilities 1. a return to the .5 fib extension 2. a bounce off the fan trend line 3. a short-term consolidation and a breakthrough the 61.8 if congress extends the tax incentives for EV's to TSLA (and GM) for cars over 200K. This would bring huge...

swimmax

Confirmed Daily double bounce off the support level of 1683.x This is the daily chart and still within the downward channel but a good buying opportunity. Very happy with this level and will look for any retouches of this level but a movement upward would be appreciated.

swimmax

USOIL may have already priced in increased demand for international travel. The US market is already seeing a spike in domestic air travel with airlines like United and Southwest recalling over 200 pilots each. This may just be a lull before we hit major global travel again as UK will see international travel starting in May and possibly increased Asian route...

swimmax Updated 

We just broke below to 200MA on the daily chart for the first time in roughly 10.5-11 months. From the previous break the other way we have risen over 1.10x to 1.18x. Could be the start of upwards pressure on the Dollar to rise.