Ben_1148x2

Ben_1148x2

This might be my favorite chart of the weekend. Long consolidation into a high and tight flat with a nice break above the bull flag.

Ben_1148x2

A high and tight flag for AMEX:XBI that just rested the 10 week MA. This sector looks like continuation.

Ben_1148x2

I started looking at NASDAQ:DUOL after it popped up in a question on a call with Calebs Cube Analytics premium group, and then again when it showed up in one of the Zacks reports. It looks like its recently completed a 5 wave pattern and an ABC correction. We have a slight breakout from the descending trendline that is testing the 21VWMA:50EMA cloud. I'd like...

Ben_1148x2

The structure of oil strongly resembles the sentiment cycle that Justin Mamis' used to describe the psychological and emotional stages investors and traders go through during the course of a market cycle. This cycle can help investors and traders recognize their emotional responses to the market changes and make objective decisions. Anecdotally, when I look for...

Ben_1148x2 Updated 

NASDAQ:SANA is offering two potential scenarios. The first is a breakout of a descending trendline after a lengthy consolidation. These are some of my favorite patterns to trade. I'd look to take profits in 3 stages that start with the fib resistance areas and recent highs, and end with anticipation of resistance at the volume weighted average anchored to IPO...

Ben_1148x2

Natural gas has strong seasonal trend from late Feb to Late April/early May. AMEX:FCG FCG closes the period favorable 71% of the time. I'm planning on playing this with entries between 22.33-22.77 in spread across 2/20, 2/21, 2/23, 2/29 (which have the lowest probability of a positive close for the TVC:DJI ). Targeting 26.33-29.33 for profit taking, likely on...

Ben_1148x2

NYSE:ROK and a look at a potential scenario if this follows Justin Mamis sentiment cycle.

Ben_1148x2

BINANCE:JTOUSDT peaked at the VWAP anchored to initial listing and fell below the one anchored to the last sell off of the prior consolidation. It has just completed a brief consolidation, breaking above the VWAP anchored to the prior breakout. This opens the opportunity to retest the VWAP from initial listing before climbing higher. I plan to play this by...

Ben_1148x2

NYSE:ELV had a great earnings, beating on top and bottom line estimates and following through with a 10% dividend increase. This comes as NYSE:UNH and NYSE:HUM each disappoint and lower guidance. ELV has put in a strong consolidation after retracing from 2022 highs. Using a fib fan from the 2022 all time high to the April 2023 high, and another from the...

Ben_1148x2

If equities are preparing to take another leg up, AMEX:GGME looks like it has potential to participate. Especially if we get good insight into gaming an entertainment from MSFT and AMD this week. After a lengthy consolidation we see that it stalled exactly where we would expect it to: the 0.382 of the retrace from November 2021 high, and at the volume weighted...

Ben_1148x2

I've only recently looked at Justin Mamis sentiment cycle . I post and trade a lot of breakouts from descending angles, which is essentially looking for areas where the market is shifting from aversion to denial, and then I ride the wave of returning confidence. The subtle warning and the overt warning are great signals to take profit. We can see these on...

Ben_1148x2

NASDAQ:PAYS has broken out of its prior consolidation, reclaimed its 200SMA, and has just filled the measured range for the high and tight flag that it formed between October and December. It had a similar expansion pattern in 2022. Using one Fibonacci fan from the low and support of 2022 and another from the 2023 high to the October breakout give us a very...

Ben_1148x2

NYSE:UNH dropped after reducing guidance in their earnings release, and then gapped down again today when NYSE:HUM missed estimates. These two stocks frequently respond to one another, creating fantastic trading opportunities if you have both on your watch list. Todays candle is doji with relatively high volume, which is a decent reversal signal. Prior to...

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AMEX:TMV broke out of a downtrend at the end of 2023 and gapped up with todays open. I'm playing this shift in momentum tightly. I'm entering here and planning to take profit at 36.77, which aligns to the volume weighted average price anchored to 5/19/23 (entering consolidation prior to July 2023 breakout) and 10/19/23 (last strong buying day prior to 2023 peak)....

Ben_1148x2

CRYPTO:LTCUSD LTC looks like another breakout from a basing pattern. Note that the measured ranges were hit from the prior breakout from the descending trend line.

Ben_1148x2

BINANCE:JTOUSDT with an excellent breakout this week. Thanks to @bluefox1976 for pointing this one out a few weeks ago. Like a lot of new alts, JTO spiked after listing and then went into a decline followed by a consolidation. We took a fib time zone from the 12/14/23 high to the 12/18 low and price pivots have aligned nicely. A small base formed between 1/3 and...

Ben_1148x2

CRYPTO:BTCUSD cycle tops have had greater alignment to peaks in China’s 10 year rate, and lows have had greater alignment to the level of global net liquidity. Relative to extremes at those data points, halvings almost appear neutral. This leads me to be cautious of too much market optimism generated for a combination of spot ETF approval and the upcoming...

Ben_1148x2

Unless we see NYSE:XOM make a strong move above 105, this looks like the end of wave 4. We would expect a 5th wave to take us below the December low.