I started a substack that focuses on deep value stocks. Check it out here. I will continue posting on this blog from time to time as I have as well as my StockPursuit.com blog.
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Long Bias
DS DOW GRIL CFMS
Short Bias
OPEN W CAT PTON KALA BMTX CONN TSLA TME ABEO CVNA DISH EXFY TRVN FAZE ANGO AMPX
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This is a confirmed rounding top pattern on XLE now. Short bias. XOM is similiar.
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Long Bias
CLF DOW ZEUS STLD IYM DS IRBT BLI WRN AMRS NWTN CFMS XLY
Short Bias
NEON ZH VAPO ANGO PVBC BMTX DCFC OPEN VCSA UVXY TTCF LE PTON CLOW XOM XLE FDMT
Watching this triangle neutral on ABEO
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With an inverted yield curve going on for so long it is wise to be bearish on the economy from history. However, the bottom that was put in on the markets on October 13th continues to push higher even if it just grinds higher slightly day after day like this week.
Being bearish you would want to see a cyclical and consumer tied sector like home building show weakness. It's the exact opposite. This chart of the ETF XHB is very bullish right now. It retested the trading range which is the horizontal line and has trend support which is the diagonal line. The shorter line is the "bull" flag. It's going to take a major news or event to reverse this chart. It very well can happen and it's best to be opened minded but at this moment stocks look bullish. Even tech with QQQ is hanging around.
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Long bias
TLT NCMI AFMD PRTS TBLT NVTA HOOD
Short bias
PTVB GLYC EVER MDRX CLOW CVGI PCG NNDM KNDI BYND CHWY DISH MPLN DS
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Long Bias
NCMI DMTK NVTA IRN DWAC OTRK SATX COSM HOOD
Short bias
JBHT GRWG CVGI GLYC SLS MDRX PCG CABALGHL KNDI LASE APLD BITO
Near 52 W Short Bias
UP ANGI AIRS TIL OPEN NRBO QTNT
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I really see Bitcoin going lower before there is capitulation. It may drop quickly like it has in the past any hour now. So, I think it's prudent to get long BITO puts with a Nov 25th or later expiration to give it some time incase it consolidates first.I'm going to go with Nov 25 7.50's
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