- Rank: 16
- Followers: 87
- Votes: 1,111
- Years Member: 12
- Last Update: 27 February 2021, 20:40
General Market Commentary
2/18 Thurs> A birthday top for Feb 21st? Almost here... Look at these: !!!!$INDU Pnf, !!!! $TRAN Pnf, !!!! $NDX Pnf, just a couple that show top can start at any time... The frothy $NDX should take the lead down, starting with SOXL then followed by small caps TNA. Many Pnf charts show top may have been yesterday and now the histogram charts are starting to roll over. Is 20, bottom for the $VIX? LABU chart says biotech rally done and has been done for over a week now. $GOLD support is at 1772. Pots, smoked out...
If you have good trading profits, now is the time to take money off the table. Some may call it profit taking while others and I may call it protection of capital. Stay warm, stay well , stay here with RoughDollar...
2/17 Wed > When the $TRAN and the XLE roll over that will be the top... Metals are attempting to show deflation, not inflation. PNF chart of SOXL showing a top at $710. TSLA topped at $900 on a PNF chart. My birthday is Feb 21st (77 for the old man) and a top around that date would be a major one year anniversary rally for the $INDU and all its euphoria. Most FANG stocks already down from highs...and the pots aint smokin , might be over as well. We"ll see.
$NAHL chart looking interesting and $NASI at a high. Thanks for your support.
2/12 Fri > Are we there yet? A new ! ! ! ! MIDU Daily Pnf chart shows a quadruple price area high since 2017. Doing the math from a $7.00 2020 low, MIDU has rallied up over 600% or how about TNA up over 1000% or LABU up over 1100% and dont forget the $SPX. Still looking for a cycle top around Feb 19th which will be a one year anniversary from the 2020 crash.
Thanking the Lord for our many Blessings!
(Granddaughters web site) reversarose.com
Wealth is good, health is better, and God is Great!
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.