Ben_1148x2

Ben_1148x2

NASDAQ:AVGO is a top position of mine. I was concerned that a close below 1200 would signal a near term reversal, as this would follow the pattern of the sentiment cycle. Wicking down to that level and continuing higher in advance of earnings is a strong sign for continuation. Continuing further makes this seem more like wave 3 of 5, which could peak in one...

Ben_1148x2

Looked at this after seeing it on Druckenmillers 13f. It will likely reject at the AVWAP from the August 2023 high, but momentum indicators have turned bullish. Note the purple AVWAP from IPO overhead trending toward ~20.50, which coincides with consensus 12mo price targets

Ben_1148x2

KRAKEN:RNDRUSD is the hottest AI token right now. This retest of the 0.382 over night, the recent peak in the detrend price oscillator, and the composite index turning upward from a correction suggest that momentum carries us higher before exhausting.

Ben_1148x2

Once you work with Justin Mamis' sentiment cycle you start to see it everywhere. s3.tradingview.com AMEX:URA and uranium stocks have done very well after breaking out of a long consolidation. This perspective looks at a potential scenario for the sentiment cycle with Fibonacci confluence zones and volume weighted average prices anchored to key areas. AVWAPs...

Ben_1148x2

NYSE:DE is one of my larger positions and a company that I plan to hold in my portfolio for a long time. We are late into the overall economic business cycle and DE has guided lower on future earnings. Looking at a log view of DE from its 1968 IPO we can see a familiar trend. DE breaks out to a new high, climbing between 75-150% in the span of 2-3 years....

Ben_1148x2

I took a look at NASDAQ:WULF today when a question came up about where to look for an entry. If we draw a number of Fibonacci retraces from key price levels we can find a number of confluence zones that could be strong areas of interest for support and resistance. Then we compare 3 scenarios: enter now, look for a pullback, wait for a break higher. Entering now...

Ben_1148x2

NASDAQ:TSLA looks like its forming an island bottom. Island bottoms have an 80% success rates, with potential to 20-30%. After breakout they pullback to the top of the island 70% of the time. The most conservative way to play them is with a tight stop after a breakout pulls back to the top.

Ben_1148x2

Here is a look at a couple of different momentum oscillators, Fibonacci confluence zones, and Fibonacci time zones with $CRYPTO:SOLUSD. The price momentum oscillator has recently turned bullish. RSI has also entered bullish territory while the composite index implies continuation. Several confluence zones indicate that 109 should act as an area of support, with...

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...

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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...