Semiconductors (SOX) Testing 200-Day
2:51 pm ETSOX (daily) w/ 200-day sma. To pivot down from the right shoulder with some confidence, I’d estimate SOX...
Crude Oil: Inverse H&S Base?
3:15 p.m. ET Since today’s trade is perfectly in line with a max-pain price pin, making for the typical dull...
Gold Looks Like It’s Ready To Break Out
3:26 p.m. ET Gold has been trading in a bull flag and that bull flag looks close to breaking out....
Reflation in Q4
You know me and my often repeated mantra, “A day is not a trend”, but thus far this morning the...
TLT Update and Long Position
Several people in the Technical Take Discord room have been eying TLT for a while. I’ve suggested patience and let...
Gold Update
2:59 p.m. ET Gold futures settled lower by -2.3%. In last night’s Daily Wrap, I wrote, “there is the chance...
Biotechs (XBI)
With the recent short covering due to the Reddit/GameStop crowd, we’re seeing some massive short covering in the Most Shorted...
Regional Banks Bear Flag
1:16 p.m. ET Remember that bear flag in Regional Banks (-2.4%)? It’s breaking down. I’m wondering if anyone is in...
Market Update and Look At The Health Care Sector
3:28 p.m. ET I’d sum up today’s price action as a correction of yesterday’s reaction to the uncertainty and potential...
Important Update – DEFENSIVE
2:00 p.m. ET Virtually nothing as changed with the major averages, they are VERY little changed. SP-500 +0.4%, Dow +0.3%...
Market Update – The Path Forward
2:41 p.m. ET SP-500 +0.15%, Dow -0.3%, NASDAQ-100 +0.3%, Small Caps +1.1% It looks like the day is unfolding as...