Staring at the horrific (?) chart of CCMP [w/ edit]

CCMP’s daily chart sux [edit] after all that, I sold it. Not so much for CCMP reasons but for portfolio management reasons. Look at the disgusting short-term pattern, just begging to drop to 135. I am holding CCMP currently at a 3.3% paper loss. Why? Not sure, really. I think it is because my lizard brain thinks it smells a rat, a shakeout before a … Continue reading Staring at the horrific (?) chart of CCMP [w/ edit]

NFTRH+; Some gold stock (GDX) micromanagement

A look at the 30 minute chart of GDX shows a normal pullback to fill the opening gap. With Treasury bonds rallying and reflation-sensitive stocks and commodities pulling back it is a microcosm of what a favorable backdrop for gold stocks would be. The upside target if the bounce regenerates is to fill the gap near 37. To keep things normal we’d want to see … Continue reading NFTRH+; Some gold stock (GDX) micromanagement

NFTRH+; Macro status from one important perspective

We used the 30yr yield Continuum to project a pullback in the inflation/reflation trades and associated inflation hysteria as the yield approached 2.5% back in late winter. We then planned for a roughly symmetrical right side shoulder to be put in to go with the one on the left side of a theoretical inverted H&S. Well, there it is… The right side shoulder should have … Continue reading NFTRH+; Macro status from one important perspective

Finally the end of the AMZN consolidation?

Amazon stock is on a potential breakout AMZN has been consolidating since 2020’s best trades (gold stocks, Tech and Cloud/SaaS/Remote tools) blew out last summer in favor of a rotation to cyclical/reflation-sensitive and ‘value’ in line with rising long-term Treasury yields. Now, in the midst of the pullback in yields and inflation hysterics we find Tech/Growth/Cloud et al. rallying and even gold stocks on a … Continue reading Finally the end of the AMZN consolidation?

Weibo bucks China wipe out on rumor

Weibo stock rises while other Chinese stocks sink As word of crackdowns (from both China’s central planners and the US) on large Chinese companies intensifies and FXI drops… …one stock is going the other way. WB is +13% after being +40% at one point in pre-market. First there was news that it is being taken private, but then quickly followed a denial by the company. … Continue reading Weibo bucks China wipe out on rumor