June 23rd analysis and watchlist

Written By Michael Nauss

Crypto Markets

Possible bear trap today in BTC we had a 4500 point jump from the lows. We still have a lot of resistance overhead too much for me to consider switching long right now.

Possible bear trap today in BTC we had a 4500 point jump from the lows. We still have a lot of resistance overhead too much for me to consider switching long right now.

Needed to point out the relative strength in ADA here. If I wanted to be long crypto here I would look at this one.

Needed to point out the relative strength in ADA here. If I wanted to be long crypto here I would look at this one.

This is the chart of BTC/ETH showing that BTC is as of now starting to out preform.

This is the chart of BTC/ETH showing that BTC is as of now starting to out preform.

Equty markets

As we thought the powerful separating lines candle pattern produced a bullish move closing over resistance. Its hard to see us breaking back down soon but anything can happen.

As we thought the powerful separating lines candle pattern produced a bullish move closing over resistance. Its hard to see us breaking back down soon but anything can happen.

XLY which is a very “growth” centeric ETF did the best of out everything today.

XLY which is a very “growth” centric ETF did the best of out everything today.

Tech and growth is leading the charge today with its breakout.

Tech and growth is leading the charge today with its breakout.

Some news in the morning and throughout the day. These FOMC jerks are going to be yapping all week. Hopefully they all say whatever JPow said today

Some news in the morning and throughout the day. These FOMC jerks are going to be yapping all week. Hopefully they all say whatever JPow said today

This is the chart of growth stock vs value stocks showing growth stocks are breaking out. This is great for us as these are the stocks with the biggest % swings you can get.

This is the chart of growth stock vs value stocks showing growth stocks are breaking out. This is great for us as these are the stocks with the biggest % swings you can get.

Stocks to watch

DMTK is putting in a nice triangle that might be signifiting the end of this downtrend.

DMTK is putting in a nice triangle that might be signifying the end of this downtrend.

FOUR from TI Strength alerts is looking strong against $100. There is an old saying on wall-street that when we break $100 that $120 is next.

FOUR from TI Strength alerts is looking strong against $100. There is an old saying on wall-street that when we break $100 that $120 is next.

Great looking bullflag on KTOS with a small breakdown today which was met with forceful buying.

Great looking bullflag on KTOS with a small breakdown today which was met with forceful buying.

New issue here with TSP These newer stocks can move. I like buying this short term support if we pull off it.

New issue here with TSP These newer stocks can move. I like buying this short term support if we pull off it.

MAC Bullflag (can you tell tis getting late lol)

MAC Bullflag (can you tell tis getting late lol)

BYND another flag but in the context of a larger bottoming pattern and with a great short float of 25%

BYND another flag but in the context of a larger bottoming pattern and with a great short float of 25%

 

Watchlists

https://docs.google.com/spreadsheets/d/1n0Lkgecm9LDu1j0CeYyDy-ix5BFRVivI4JUYNwnRUs8/edit?usp=sharing

my Thoughts

Just like we thought that candle pattern lead to a market rip. That combined with the amount of bears that was faked out on that drop makes me back to being very bullish about stocks.

Things can always change but I would be shocked if we dont hit all time highs soon.

PREMARKET update

Slow market pretty much unchanged in the morning.

Slow market pretty much unchanged in the morning.

Michael Nauss
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June 24th analysis and watchlist
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June 22nd analysis and watchlist