waverity

waverity

The Nasdaq100 (QQQ) seems to have completed its B wave and looking downward for a C wave towards its 200 week moving average near 257. The inflation and rising rates environment is not good for tech stocks in general, the chart seems to suggest that this not an exception.

waverity

Many market analysts are saying that the crypto world is holding on the precious metal word. If you look at the ratio of Bitcoin/Silver, it seems due for another leg down that could bring the ratio back to the 500 area (ex: $20 000 Bitcoin/$40 Silver or $40 000/$80 ?). I like Bitcoin and cryptos in general but I believe that the time has arrived for silver (and...

waverity

The weed sector is getting close to start a new bullish uplgeg.

waverity

Silver has reach a textbook a-b-c correction, seems now to have started its impulsive wave 3.

waverity

The ratio of QQQ/IWM looks bearish and seems to have entered its c down wave with another 27% downside. This implies outperformance of value stocks vs growth (or energy/financials vs tech). Cheers,

waverity

Silver (SLV ETF shown here) seems to be near the completion of its consolidation the resuming of its rise.

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Barrick Gold has dropped a lot recently and could be due for a bounce soon. But the monthly chart of this stock doesn't look good at all. The most recent rise looks like a corrective rebound and eventually more downside coukd be in play. Big money moving out of big cap gold stocks into Bitcoin ? It might be part of the explanation...

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After having consolidated from its most recent rise, Novo Resources seems to have enter its wave iii of 3, the usually the most bullish phase.

waverity

The silver junior stocks has been in a huge consolidation pattern since 2012. We are expecting an upside breakout towards $36, the target for its wave 3.

waverity

The ratio of Vanguard Value vs Growth is indicating that value should outperform growth in the coming years. Beautiful entry point year with lots of potential.

waverity

The recent announcement of a deal with Amazon to work on autonomous car seems to have waken the market to the potential of Blackberry. The recent range, once broken above, has a 1x potential to $32.

waverity

Nasdaq 100 has reached the line linking the tops since 1985. Showing negative divergence on the momentum indicator (monthly RSI(14)). We are expecting a pullback from this area.

waverity

Silver reverse Head & Shoulders pattern has reached its target area. A pullback is expected soon.

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This chart is showing that it is the 1st year ever that the famous index price movement range in engulfing the previous 3 years range. This illustrates well the incredible volatility that we have seen so far this year. Also notice the important range expansion shown (recent years have seen increasingly large range), often a preceding condition of important...

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5 waves completed, monthly resistance. 5 waves completed in all big cap tech leaders. Nasdaq 100 making a double top. Extreme market sentiment (smart money short while small speculators are long). Bonds near important support. Lots of things are in line for a pullback in the stock market here.

waverity

Momentum looks tired, all big caps tech stocks have completed 5 waves. Market due for a pullback.

waverity

We could see a rebound in the short term (risk off coming with double top on Nasdaq ?) but we believe that we will see lower prices this year in the bond market.

waverity

TSX Ventures Index has formed a huge wedge over the last 15 years. It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD. Seems ready to break out on the upside with immense potential. Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%). Juniors...