-
Looking at Bitcoin at various timeframes: back to all-time highs, or a retrace back to the 200DMA?
Bitcoin can seem sort of unpredictable due to the short-term volatility, but back in 2023 if you eyed that October volume you could have made a bet on the probability of crypto making a bigger move reverting back to $40-50k+. And now that it has surpassed the previous all-time highs (hi, haters!), crypto bulls are…
-
Thinking about metals and where the charts could be headed
Trading metals has become quite popular sentimentally in 2024 with gold reaching all time highs earlier this year. For the TA traders who have been waiting for that cup and handle on the macro all-time chart to breakout on gold futures, it was a spectacular long term setup that proves sometimes those silly chart patterns…
-
SPY bulls back in business for now
Yesterday I made a humble prediction that SPY would continue bullish based on the potential 10-day MA crossing over the 50-day, along with the bullish candle from 5/8. Maybe it’s luck, or maybe it’s just trusting the TA, but today’s close on SPY has given me a reason to be excited that my original $530…
-
The top manufacturing industry stocks and their charts
I love learning about new industries and all of their statistics. With research tools like IBIS World, investors are able to analyze the top companies in each respective industry to help guide their overall investment thesis. When looking at the manufacturing industry, which has a 9.9% profit margin as of 2023, the top companies spanning…
-
Trying to figure out where the S&P 500 is headed
For a daytrader watching SPY for an intraday scalp, some days can feel infuriating, which is why I chose to not try and pursue my once dream of being a “daytrader” per se; I know myself too well, and sitting there all day waiting for a move can feel like watching water start to boil…