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Some DeMARK Setups I Like
Check out my latest video for a quick update on general market thoughts:
(if you can't see the video, click here: https://www.youtube.com/watch?v=AjC6ckM2zcU&t=213s)
PLTR very clean bottoming action here. Finally getting interesting from a valuation perspective too.
CRWD confirmed upside TDST breakout. Looks like a dip buy situation to complete a 13.
Hate to say it, but AMC defended where the bulls needed it to defend. Daily TDST held of the 9 buy setup and we had a DeMARK price flip today. Risk-reward favors longs now.
Rates completed upside DeMARK exhaustion.
Stock/bond ratio with a DeMARK 9 sell setup. The 10 day rate of change was the highest since April on this ratio. I would expect some chop for this to start outperforming.
IWM/SPY ratio topping in short-term
TSLA leadership looks like its BACK. Do not be short the leaders in a market like this.
XBI/SPY ratio giving hope again, risk-reward looks good for biotechs.
Monthly TDST in BABA held
I bought some ABUS for a pure spec play on a Moderna lawsuit. Fully expect it to not work and stop me out below 2.5
Lets see how the market plays out from here, but I rebalanced some of the long exposure as per the post earlier and am expecting things to get more choppy here.
Oh and FYI: chat + model portfolio is live and working on the website.