My Favorite Setups Here
ARKK is still firmly in the "buy all dips" mode as we broke out and holding above the 65 area -- for which I'm looking for the mid 80's to reach over the coming weeks.
CELH coil up here is interesting as well. We have played this one successfully in the past and this is a super high grower that I'm fundamentally quite bullish on. Nice double bottom and bullish flag here in the short-term.
Amazon could easily trade up to the 3600 area here
In fact, we qualified weekly TD Propulsion to ~3900
AMC - be careful with being long this meme name. Why? Share count. GME is different in this regard. CEO Adam will keep luring his shareholders into a fake promise land of dilution. The board literally thought buying a gold miner was a good idea. Its a movie theater company. Not sure how you can't be permanently short this. Its down like 5 trading sessions in a row so I would expect a green close soon which seems like a good place to short a bit with a tactical stop around the 25-28 area. Don't stick around above 30.
Speaking of gold miners, could be time for a tactical short. I saw that NEM got a DeMARK 13 Combo
AGI Trend Model weekly shows resistance here
Another short I like is MFC. Good risk-reward here against the 22 zone and I'm seeing DeMARK exhaustion across multiple time frames coupled with the fact that it has been in a range for about a decade.
Besides that, if you really want to get hairy, some of the regional banks look like they are getting exhausted in the short-term. I'm trying a CFG long soon but this chart stood out as well, KEY into weekly trend support.
I don't have strong thoughts about commodity futures or bond futures at the moment. Prices are digesting themselves. I said weeks ago they are starting to become exhausted but I think that just means play the autocorrelations -- meaning after a couple of consecutive up/down days, go the other way.
Z23 Eurodollars do seem slightly cheap at this point.
Catch you all in chat!