Author: j42

  • High Probabilty

    High probability setups are typically obvious at the open because they typically are gonna be trading very actively pre market. Most likely a BGU will happen because of all that premarket volume. Simetimes it can be near a key area and/or base. In other cases a BGU can be a DTSS. A DTSS would basically be a failed BGU coming in from the left side low. One would think to out right buy the BGU at the open. But, because of the volatility with the algos, its always good to wait maybe 30 min or look for a low range and/or 6/20 turn. An example CCJ Cameco. By waiting 30 minutes you can see more clearly what direction this is going. Also, the MACD never crosses back until almost by the close.

  • Handle Time

    Lets see how long this handle can last or not. Ideally some pull back longer in the 10DMA area.

  • GDX Hold

    Notice how the GDX holds the 20DMA. It drops below it but still closes above it. It’s definitely a close below the 10DMA within 7 weeks. But, the 20DMA is the guide.

    COPX is still holding up above the 10DMA the past 7 weeks. Some of these minders do have Silver in them. Definitely holding up.

    Venezuela got taken over this past weekend. We’ll see how these oils move, infrastructure and stuff stocks.

    Some stuff infrastructure. Notice the tightness then move this past Friday on volume w/ GEV.

    Lets see how this Maduro news pans out with FSLR on Monday.

  • NYE 2025

    A setup for the New Year. $AS did one last wash out today at the 20DMA. But, we’ll see. The retailers have been steady the past few weeks. After Christmas, lets see some numbers kick in full gear. Also note, a few weeks ago, they opened Salomon on Melrose. The weekly does show about 5 Dist/ 1 Acc….but 3 week tight last week and previous 2.

    Looks like Nas will be testing the 50DMA soon. We’ll see how it holds up for the New Year next week.