Eye_of_the_Tiger

Eye_of_the_Tiger

The Russell is looking shaky here, clear head and shoulders developed and just broke on MAdev, volume flow and TSI rolling over. Look for a retest of lower end of the range at 2100.

Eye_of_the_Tiger

Arch Resources is in the unloved, and underinvested, thermal and metallurgical coal business. A decade of underinvestment means reduced competition. Reopening means increased demand for electricity. Infrastructure investments mean increased demand for steel. ARCH is breaking out of a 6-month triangle, with plenty of room to the upside. PT of $82, SL of $51.

Eye_of_the_Tiger

I don't even know what this company does, I just know the chart looks really good.

Eye_of_the_Tiger

Part of the strong housing market, it has already broken out on momentum measures and will gather attention and buyers as it breaks out on price.

Eye_of_the_Tiger

Cleveland Cliffs is an aggressive grower in the iron and steel space, a sector seeing significant rotation inflow over the past month. Initial PT of 22.90, with a stretch target of 24.50.

Eye_of_the_Tiger

Crypto hasn't bottomed yet, but likely will find support below recent lows. Ethereum should find buyers between 1250 - 1600, which is a good zone for accumulation. Prior patterns suggest we may see a rally in July. Stalk this one, be patient.

Eye_of_the_Tiger

JPM is losing momentum, loan books across the financial sector are decreasing (paid down with stimulus checks) and interest rate spreads are starting to contract. Momentum is diverging on both short-term and medium term lengths of time. I expect a correction here, but with any short thesis in equities you need to bail on it early if the market drags everything...

Eye_of_the_Tiger

Bitcoin is acting as if it has found a bottom, at least for the short term. Divergences have appeared on all of the momentum gauges that I track, and so a new wave higher is likely. Of these momentum measures, the most important one to me if volume flow, and that divergence is the least convincing. To early to tell if this begins a new bull run or ends up being...

Eye_of_the_Tiger

CREE is showing signs of a potential bottom. TSI is turning up, volume flow is decelerating. As tech leaders fade, new leaders may push forward to take their place.

Eye_of_the_Tiger

This oil chart looks aggressive. $90 by August is a good target.

Eye_of_the_Tiger

Pretty simple cup & handle pattern. This pair is a bucking bronco, size your trade appropriately.

Eye_of_the_Tiger

If you think gold is moving now after breaking the price trendline (as expected), just wait until volume flow breaks out as well. Broad participation has yet to kick in, there is still time to grab a position before it zooms.

Eye_of_the_Tiger

According to this indicator, we're at the edge of the next cliff. N=1

Eye_of_the_Tiger

Publishing error, trying this again :) EXP is way off its highs from last year, oversold and deep value in my opinion. EXP is a disruptor in the real estate agency space, and have seen fantastic growth over the past several years. Rates are falling again which adds support to the stock and the narrative.

Eye_of_the_Tiger

EXP is way off its highs from last year, oversold and deep value in my opinion. EXP is a disruptor in the real estate agency space, and have seen fantastic growth over the past several years. Rates are falling again which adds support to the stock and the narrative.

Eye_of_the_Tiger

Using analog of waves from the 2018 bottom, yields a price target of 2,200 by the end of the year.

Eye_of_the_Tiger

Gold has really been moving from the bottom at the end of March. I don't use price trendlines very often, but a lot of people will be watching this one. I expect price to slice right through it, but encounter some resistance in the 1875-1885 area for a correction in time. Volume flow remains negative despite the sharp move, but a break of the TL will likely spark...

Eye_of_the_Tiger

Ethereum momentum measures are negative, but somewhat extended in the short term. Expect some support at $3,300, but there is a good chance it will retest the long-term parabolic before regaining good positive momentum. Dead money for a while, but there is a good accumulation zone between 3,000 - 3,200.