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Just some charts

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Just some charts

PetrTrades
Aug 8, 2023
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Hope you are all doing well. Here is a chart dump brief view of what I see going on in markets.

SPY obviously recovering from overbought conditions. I’m expecting some buying to come in around the gap near 444.

Here is the DeMARK chart showing TDST in that zone. The gist this next flush lower should see some initial bouncing.

MRNA is very much, toast.

AAPL looking more attractive below 170

Semi’s still look pretty strong!

MU

NVDA

Look at RKT!

TAN - Solars looking pretty bad!

Remember, TD Combo 13 on 10-year yields active!

ARKK recovering from overbought conditions

I’m looking at slowly covering up hedges into the middle of this week while maintaining beta neutrality and staying long semi’s / china. Not that impressive / interesting, I know, but boring = profitable, sometimes.

Take GIS for example. Coming in hot for a possible buy near the 100 week moving average.

Best of luck.

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