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XHB Chart

Still room to go a lot farther down too

LEN

Still a lot of room to fall

Watchlist 12-7

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

XLE Technical Analysis Rounding Top Pattern

This is a confirmed rounding top pattern on XLE now. Short bias. XOM is similiar.

Big Week! Watchlist for 12-5

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

VNQ Technicals

The ETF VNQ is putting up some strong technicals as well.

XHB Technical Analysis Hard to Be Bearish

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.

Crude Oil Spike out of Nowhere

Watchlist 11-16.22

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

Watchlist 11-15-22

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

BITO a short

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