ZChartDoc

ZChartDoc

The corn never makes it easy, and with this breakout anybody who was hoping for a lower buying opportunity will now be chasing prices higher. It's a strong technical breakout of a multi-year triangle/consolidation pattern, so I'm expecting a run to set a higher high above the 2019 top (+14k) and possibly even test ATH. Still, would expect there to be a...

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Gold approaches all time highs against the dollar (and is already at ATH against pretty much every other currency), and some might say the metal is getting a little overheated. But when compared to the money supply (M2), gold has a lot of room to run in the coming years and the chart looks extremely bullish. I believe the strength in the chart is a reflection of...

ZChartDoc

A lot of people have been caught off guard by Tesla's massive rally, but one look at the historical chart shows you that TSLA has done this before: In March 2013 it took off on a +600% rally, most of which was gained in 3-4 months. Strikingly similar fractal to the current run. Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most...

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The recent breakout pump by ETH has set a higher high on the ETH/BTC ratio. I'm mainly trading Alts to accumulate USD, but the strengthening BTC ratio could be a positive signal for a healthy broad based crypto bull cycle over the coming months/years. Will be watching closely to see if ETH can maintain this breakout. Needless to say, I'm also heavily long BTC (the...

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Crazy if true, but this VIX chart looks ready to explode IMO. Lots of complacency building up with the stock market being at (or near) all time highs. Meanwhile, bond yields are plummeting, gold is rocketing, and VIX is staying stubbornly high. Determining what information is signal and what is noise is probably the hardest & most important job of a successful...

ZChartDoc

The 10 year treasury yield looks ready to resolve its multi-month consolidation triangle to the downside. There's room for another run up to the .70% area over the next couple weeks, but I ultimately believe we are heading for lower yields. Note the fairly swift rejection from the rally above the 50MA at the end of May / start of June. I'm not making any plays...

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Canopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.

ZChartDoc

IBB looks to have a just broken out of a 5 year basing pattern. The longer the base, the higher in space. I'm going long 3-5 year hold with sell target of >$400.

ZChartDoc

Expecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not...

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It's too early to call but wouldn't be surprised to see something like this play out over the next couple weeks. Market feels overdue for a proper correction/consolidation from the massive run-up since March. But there's so much liquidity sloshing around that I don't have high conviction on the timing or the next immediate direction. If momentum does turn...

ZChartDoc

Through the pandemic it has been no secret that video game stocks like ATVI and EA are very strong performers since so many people are stuck at home. But you don't hear much about ZNGA, even though it fits the same mold and has been on a great run lately. On top of that, they made a great acquisition lately which will grow the user base and demonstrates...

ZChartDoc

Bitcoin has had its ups and downs over the past few years, but now finally looks ready for a sustainable new bull run. That being said, there is certainly room for one more pullback over the next weeks/months, which would set up nicely for a Q4 breakout. I'm already long and looking to add more if a significant pullback. In that scenario, I see $6k as the floor...

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In my opinion SMG is under the radar and an extremely strong buy for the longer term. The new stay-at-home economy and the rise of marijuana industry are big bullish tailwinds for SMG. And just look at that chart - up and to the right! Hoping the weakness in the short term continues so I can enter a position. Buy Targets: Average in at $115 (lighter) Establish...

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GDX has broken out of multi-year triangle that formed a solid base since 2015. If gold continues marching towards all time highs, I think GDX can hold the breakout here. Perhaps it will cool off for a couple weeks after the rapid rise, but then I'm looking for the move to low $40's on the way to $60+ Positions: GDX 1/15/21 40c GDX shares Reassess if falls back...

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CBRE is a commercial real estate services company. They don't actually own any real estate, just provide various services for property owners. One of my favorite shorts. Positions: 9/18/20 $55p (ITM) 12/18/20 $30p (OTM) Price Targets: Near term: low $30s Mid Term: $15ish Re-evaluate if price reverses towards $50 again. Good luck all!