US M2 Money stock / Nasdaq 100 (QQQ) has reached its March's 2000 low. Bullish divergence on both the RSI and MACD. The Nasdaq 100 seems due for a correction which would imply a rebound on this ratio of M2/QQQ
Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area. Next resistances at the all time high near $50 then the line linking the top of the channel near $53. A break below $23.50 would invalidate this view. ________________ With gold and copper making all time highs, the...
This monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then...
Tesla seems to have completed its corrective wave (2) and to have started its wave (3) with a short term target in the $235 area. A break above $235 would validate the exit of the large triangle formation and opens further up moves towards the all time high. On the opposite side, a break below $160 would invalidate this view. ------ It's recent partnership...
Tesla is getting way oversold and has reached an important support of the line linking the lows which represents the bottom of its large triangle pattern. We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds. A break above the upper line of the triangle near $235 would open much higher levels while a...
Denison Mines is breaking out of its 12 years range on massive volume. The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry. Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher. Next resistance is the $4 area, then there...
First Majestic Silver has reached the line linking the lows since 2008 giving a support in the $4.20 area. We believe the stock is due for a rebound towards at least $6.15, possibly as high as $9.80, as long as the $4.20 area is holding. A break below $4.20 would open $2.40, potentially even $0.67 which is the all time low.
NVidia has reached the line linking the lows since 2022. It is also showing some negative divergence on the momentum RSI-5 indicator. Would be expecting a pullback towards at least the $600 area, even maybe the $505 area. A break above the recent high near $750 would invalidate this view.
The ratio of XLG (S&P Top 50 largest stocks) to SPY (S&P500) is approaching historic all time high (since 2005) and resistance area. We would expect a reversal of trend with mid and small caps outperforming the largest caps, the big 7 among others.
Tesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now: The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area. The 2nd one is the large...
NVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which...
The China tech sector is looking was oversold and due for a sizeable rebound soon. Alibaba (BABA), among others, seems near to complete its corrective B wave and start a new upleg. Only a break below last year's low would invalidate this view.
The ratio of SILJ (junior silver stocks)/URA( uranium stocks) has reached its A-B-C target and double bottom area. It is also showing a bullish divergence on its momentum indicator. We like very much the uranium sector over the long run but are expecting an out-performance of silver stocks over the coming months.
According to the CEO of NVDA, the next big revolution is coming into biotech. Biology will be engineered and therefore will compound exponentially. Now might be a good time to enter this field.
XME recently broke above its resistance and seems ready to move higher towards the $70 area.
Tesla drop stopped right onto what would be its right shoulder of a bullish reverse head & shoulders pattern. As long as this support holds, the potential is bullish towards the all-time high near $414.50 then $500. Otherwise, a break below the recent low near $194 would invalidate it and would probably mean that Tesla is in a longer process triangle...
The VIX seems to have validated a bullish pattern, the reversed Head & Shoulders with a target around 27 and intermediate resistance with the line linking the tops near 24. Only a break below the shoulders level around 15 would invalidate this view.
Gold seems to have completed its corrective wave and ready to move back higher towards 2470. A break above the previous all time high near 1920 would give even more weight to this call. On the other side, a break below the recent low of 1810 would reduce our conviction. A break below the uprising trend line near 1740 would invalidate this view.