Adding Some Small Cap Long Exposure Before The Close
2:45 PM ET I’m going to start a long positions (expected swing trade of 2-4 weeks) and I’m going to...
LMND Bull Flag
348 p.m. ET I’ve been thumbing through price charts. Full disclosure, I now nothing about this company, other than the...
Coinbase (COIN) Continues to Improve
3:09 p.m. ET Coin is up +6.8% now, coming close to testing the bullish ascending triangle’s upper trend line with...
Coinbase
3:16 p.m. ET This is just a quick reminder that Coinbase (COIN +6.3%) looks good with a clean bullish Ascending...
SOX Breaking Bear Flag
1023 a.m. ET The Semiconductor index is down -2.2% and breaking below the bear flag. (15m) ...
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...