It looks like they general markets are in a few U&R areas from last Friday to a few weeks prior testing those lows. Keep in mind many other stock formations are doing the same.
We have Alignment Health testing another U&R. Let’s see if it holds it or not. One this it do was get resistance at the 10 and 50 DMA. Let’s see if it can overtake it or not soon. Next Thursday is earnings…..
Looks like BTC and XMR maybe at bottom. Notice the VDU 2 days ago. Volume drops off. And, today BTC doji on volume. The bottom may be in or sideways a bit. We will see on the rally up into the moving averages 10/20/50 DMA’s.
AS finally made a move today. Maybe Olympics related. Notice the U&R last Thursday then rally this past Friday thru the 10/20DMA. It gapped today on volume.
This was actually wild at the open. Powered up then sold off hard. Hit T3. Did the 6/20 jig then flexed back to blow thru highs. As Livermore would say:
It was never my thinking that made the big money for me. It was always my sitting. Sitting tight is the hardest thing to do.
In an uncertain world, the only certainty is the rules you create to create order out of the chaos. We see again this is played. Over the weekend Trump issues a potential tariff on Greenland. Because of MLK the market opened on Tuesday which gaps down. The next day (Wednesday) at Davos, Trump talks about not doing the tariff. The market then rallys maybe 2 hours before the market closes. Thursday it gaps open then sells off then comes rallying back up at the 10/20 DMA area.. Below is the chaos for Thursday 1-22-2026. But, what keeps us all in control. Our rules of entry and exits. What me worry?? Our rules guide us. Swaying from our rules is very dangerous. Which is why we have rules to guide our every move. Sometimes sitting is the hardest part of the strike.
I was short at the open then covered it SQQQ as it got support on the 10/20 it was a wash trade. Then a few hours later got into SSRM. I was a little late on the entry. The entry should of been around the open at the 10DMA $24.10 area. I was in at the $25.5 area. It did do a pocket pivot today green… So we will see.
Lets see how long this handle can last or not. Ideally some pull back longer in the 10DMA area.
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.
