charts

The Trend is your Friend

Jesse Livermore, the legendary early 20th century stock trader, is the single greatest influence on my trading mindset. If you have not read “Reminiscences of a Stock Operator” and/or “The Boy Plunger” I recommend you buy and read them immediately. These books about Jesse Livermore’s life are entertaining and highly educational for everyone, trader or not. One of the best …

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Mayer Multiple for Bitcoin Cash

Ask 100 market analysts when to buy or sell a Cryptocurrency and you’ll get 100 different answers. Some methods of valuation are better than others. One simple method I like is called the Mayer Multiple (MM). Trace Mayer is the man behind the Mayer Multiple but it’s on The Investor Podcast site where they’ve taken this metric to a new …

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Today is a good day to buy Bitcoin

Bitcoin just enjoyed a “selling climax”. Like most climaxes people are not thinking clearly post coitus. We are repeating Wyckoff cycles over and over. I believe the technical term is “Bitcoin is fractal like a motherfucker”. Link to live chart below where you can play forward the realtime data on tradingview.   And this chart is especially hilarious because the …

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$TWLO Gartley?

The Gartley Pattern: 70% of the time it works every time. Buy at ~60 with tight stop maybe at 58. Sell at 64 to complete C. Buy at ~$58 with stops at $53.5 and hold for next leg up.

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$TWLO catching a wave

Possibly in Wave 5 of this structure. Price limited to ~$80 max before we’ll enter corrective phase.  

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Breakout in $ILMN and $NOW

ServiceNow $NOW breaks out of Triple Top and resistance going back to January. Conservatively wait till 80 or $81 or build a small position today sub $80. Stop at $73. Illumina $ILMN breaks quadruple top and resistance going back to January. Stop at $164.

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Will $YELP follow $LNKD?

LNKD broke above a downtrend and has continued upwards almost 10% above resistance as part of a multi month move upwards. $YELP is up against resistance now. Will it follow in $LNKD’s footsteps? Are you a buyer with a tight stop here?

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$DDD $BIDU $AMZN $NOW $TWLO

$DDD possible reversal after GE buys competitors. Caveat emptor. $TWLO on the move. $NOW getting interesting here. In response to White House Press Corp upset about a red carpet for Obama Chinese official responds with “Theses are our $CHINESEBURITTOS.” $BIDU $AMZN continues to decapitate your corner store, $WMT and soon favorite shipper.

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$WDAY double top breakout?

52 week high achieved at $87.94. Can $WDAY set new ATH above $110 based on a double top PNF chart PLUS a $100 roll?

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