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Solid Accumulation in this range......give us the Big R/M and we fly from here.....
Market cap of $3.7 million and no notes.......
Agree, not that bearish either......
U.S. TREASURY TWO-YEAR YIELD RISES BACK ABOVE 3.5% and USD almost back to 52 week highs......
Agreed, expecting 3880-3900 test tomorrow...
Big news hit a bit ago...pulling all indices now.....
Nvidia, $NVDA, said that it’s been told by the U.S. government to stop selling chips in China and Russia.
— unusual_whales (@unusual_whales) August 31, 2022
McOsc update......
The $SPX McOsc closed at -118. What could it mean price wise? On 06/13 SPX closed at 3750. On 06/14 it bottomed at 3706 but closed at 3735. On 06/15 it closed at 3790. On 06/16 it closed at 3667 with an intraday low of 3640. I'm expecting something similar in the next few days. pic.twitter.com/hfun2DRU3c
— CyclesFan (@CyclesFan) August 31, 2022
3900 looks to be coming J-
that SPY GAP at $390.89....VIX even closed down .34 today......
good take here.....
$SPX closed below 3981 and therefore is headed to 3900. Even if it hits 3900 tomorrow it's likely to be only a small down day or even an up day due to various oscillators being extremely oversold. The next 14 CD low is due on 09/06 so this downtrend will continue into next week. pic.twitter.com/qDOyL9yHHI
— CyclesFan (@CyclesFan) August 31, 2022
SPY, another massive VWAP reject there......got 10 minutes or 25 with AH.....
was that 1.6 billion sell side now another coming 4.2 billion sell side.....
MOC IMBALANCE 4.2 BLN SELL-SIDE.
— FinancialJuice (@financialjuice) August 31, 2022
Agreed...gotta have a bounce but WDIK, very hard to read....
Keep it around 3970-3980 and see what tomorrow brings.....
Maybe we get something like this.....
fits your 3900ish lean....
Some severe bullish divergence on the S&P 500. 👀
— Justin Bennett (@JustinBennettFX) August 31, 2022
Maybe one more push down to 3,910 support before late shorts get liquidated.
I'm still anticipating more downside later, so there is no change to the macro outlook. 👍$SPY $SPX $BTC $ETH pic.twitter.com/SvVGd1Bhj4
Yes, dollar hanging around.......right on this ST trendling here at $108.62
We could get more upside for #crypto "if" the $DXY breaks this short-term trend line.
— Justin Bennett (@JustinBennettFX) August 31, 2022
Maybe a test of 107, followed by a higher high in September toward 112-113.
No change to the macro outlook. $BTC $ETH pic.twitter.com/YV7Q54Tu1I
Sure looks like it, no buyers or bulls showing up......QT starts tomorrow.
Next SPY gap on downside is $390.89.....we get there tomorrow/Friday??
We are in great in hands with Jeff.....
At current pps, I would say very low risk and high reward, but see what happens.
Beautiful RJ!
Great find!!
SS continues to remain unchanged since 8/15;
that continues and we pay off the $500k loan; we rocket up from here...
137m float and $2 million market cap....ove the R/R here.
McClellan Oscillator........
https://stockcharts.com/h-sc/ui?s=!MCOSIRSPX&p=D&yr=1&mn=0&dy=0&id=p64127404602&a=1228069013&listNum=1
3rd highest oversold condition this year
MW update on Twitter.....
Dead-cat is coming! (1) a sizable rebound is due, based on the chart pattern as well as TA & EWT. (2) you can easily see two sets of H&S have formed near the triple bottom today. (3) first target is 406 for SPY, then a Labor Day rally is possible to touch Powell's Hole-Speech. https://t.co/GiIQ4bh79v pic.twitter.com/plTgm45QtF
— Master WU (@MasterPandaWu) August 31, 2022
Yes indeed.....Just the beginning of helping those most in need!
Building an Empire here with Mike, Dr. E, and the Advisory Board!!
All eyes there too!
Trading better, lets see that $500k loan paid off with a PR.....
that would send us up nicely from here.
SS still the same since 8/15....see what the rest of the week brings.....
Very weak, more lows coming it appears......
Great chart!!
Great conviction and trade....
Love it.......
Exactly.....Let's Frickin' Go!!!
Yep, $3 drop from that 50EMA at $406.73......chop 4020-4080...
trader71 expecting wide price discovery this morning.....leaning lower....
XCRT News... Building a Massive Empire...
https://www.otcmarkets.com/stock/XCRT/news/Xcelerate-Inc-to-Develop-Consumer-Healthcare-Products?id=370643
Xcelerate, Inc. to Develop Consumer Healthcare Products
Press Release | 08/30/2022
Xcelerate, Inc. to Develop Consumer Healthcare Products Based on Its Current Patent Portfolio
MAULDIN, SC / ACCESSWIRE / August 30, 2022 / Xcelerate, Inc. (OTCQB:XCRT) today announced that it had begun an initiative to identify marketing/manufacturing partners to assist in the development of over-the-counter healthcare products based on its existing patent portfolio.
Xcelerate, Inc., Tuesday, August 30, 2022, Press release picture
"As previously announced, Xcelerate has recently acquired a portfolio of licensed and patented IP from HS Pharmaceutical, representing the culmination of years of research by world renowned scientists and institutions as well as the investment of millions of dollars in development costs. Recent meetings between our advisors and the staff and scientists at HS Pharmaceuticals have resulted in the decision to pursue the development and marketing of certain of these patented technologies as over-the-counter healthcare products. We believe that we will be able to fast track one or more products that will provide revenue potential for Xcelerate in the near term," said Xcelerate CEO Michael O'Shea.
Additional information about Xcelerate's R&D plans can be viewed at the newly updated www.xcelerate.global under the heading of Technology.
ABOUT XCELERATE INC.
In May 2020, Xcelerate commenced implementation of a new business plan that encompasses two separate but related businesses within the medical industry, including (i) owning and licensing the rights to various forms of medical equipment and portfolio of patents, patents pending and technology licenses and (ii) development of virtual health technology to assist patients in developing countries obtain medical care by extending the reach of physicians through the use of that technology. For more information visit www.xcelerate.global or contact us at 854-900-2020 or email info@xcelerate.global.
Very, very nice!!! Building a Massive Empire!!
https://www.otcmarkets.com/stock/XCRT/news/Xcelerate-Inc-to-Develop-Consumer-Healthcare-Products?id=370643
Xcelerate, Inc. to Develop Consumer Healthcare Products
Press Release | 08/30/2022
Xcelerate, Inc. to Develop Consumer Healthcare Products Based on Its Current Patent Portfolio
MAULDIN, SC / ACCESSWIRE / August 30, 2022 / Xcelerate, Inc. (OTCQB:XCRT) today announced that it had begun an initiative to identify marketing/manufacturing partners to assist in the development of over-the-counter healthcare products based on its existing patent portfolio.
Xcelerate, Inc., Tuesday, August 30, 2022, Press release picture
"As previously announced, Xcelerate has recently acquired a portfolio of licensed and patented IP from HS Pharmaceutical, representing the culmination of years of research by world renowned scientists and institutions as well as the investment of millions of dollars in development costs. Recent meetings between our advisors and the staff and scientists at HS Pharmaceuticals have resulted in the decision to pursue the development and marketing of certain of these patented technologies as over-the-counter healthcare products. We believe that we will be able to fast track one or more products that will provide revenue potential for Xcelerate in the near term," said Xcelerate CEO Michael O'Shea.
Additional information about Xcelerate's R&D plans can be viewed at the newly updated www.xcelerate.global under the heading of Technology.
ABOUT XCELERATE INC.
In May 2020, Xcelerate commenced implementation of a new business plan that encompasses two separate but related businesses within the medical industry, including (i) owning and licensing the rights to various forms of medical equipment and portfolio of patents, patents pending and technology licenses and (ii) development of virtual health technology to assist patients in developing countries obtain medical care by extending the reach of physicians through the use of that technology. For more information visit www.xcelerate.global or contact us at 854-900-2020 or email info@xcelerate.global.
Yep, , nice little gap......see it hit the 50 EMA just a bit ago to the T at $406.73....pretty wild.....ES in this chop range currently of 4020-4080....as I posted Sunday lean higher bounce from this bottom.....would love to see 4120-4150 for a nice potential short opp.
Don't know if we get that high though......just watching and chilling for now.....looking for 1 good trade each day this week as holiday weekend approaches.......see if the bears let us breathe a bit to at least 4120.
Barkin talking tough on inflation right now pulling back indices.....refer to Twitter.....
FED'S BARKIN: RECESSION IS A RISK OF US GETTING INFLATION BACK DOWN TO 2%
— *Walter Bloomberg (@DeItaone) August 30, 2022
Fed’s Barkin: US Is Faced With Post-War-Like Inflation
— LiveSquawk (@LiveSquawk) August 30, 2022
- Fed Committed To Returning Inflation To 2% Target
- I Don't Expect Inflation To Come Down Predictably
Fantastic Day!!!
Great way to start the week...sold my puts on open and bought calls for the gap fill based on my lean from last night......just watching since then........see what the rest of week brings...higher the better, but pretty ugly day overall......
See if the pay them off with cash...still working thru previous overhang from earlier this month.....keep at eye on OTC SS, updated each night. Hasn't changed since 8/15.
They just paid $125,000 in cash for Pref A Voting last week....
https://www.otcmarkets.com/otcapi/company/financial-report/343554/content
Not sure about that, pretty big move down this morning to 401, and considering Friday's 15 point move down......almost $20 pts in 2 days.......
Thesis I posted last night worked out perfectly......sold puts on open and bought calls and out now.
See what rest of week brings!
$406.75 is 50 EMA on SPY and 50SMA is $398.54......
Agreed, you are welcome!!!
Very oversold but expecting one more wash out maybe to 3980-4000 Monday morning and would love to see a bounce back to 4120 to 4150 area over the next week for another big short opportunity.
FYI SPY 50SMA is $398.54, expecting that to hold this time around and hopefully a nice bounce from there....that's the way I'm leaning into tomorrow....if for some reason it doesn't hold, should fill that gap at $390.89...but I'm personally not expecting that this go around..anything possible though.
I think we see news lows in September and then again in October...
Interesting......bulls are toast for a long time IMHO, but as always we'll play the PRICE the market gives us.
For tomorrow......looking for a washout in that 3980-4000ish range and then rally back to 4040-4050.
Something like this..,,
The minimal rally after bottoming in the previous cases was 246 points. Tomorrow SPX may drop to as low as the 50% retracement at 3980 but is likely to close the day flat or higher than 4057. We're likely to get a very strong bounce after Monday's low. https://t.co/ImsLV3cYJ6
— CyclesFan (@CyclesFan) August 28, 2022
Yep, $390.89 $377.91, $365.86.......
$390.89 fills within next few weeks..IMHO.
FYI, SPY filled 2 more gaps today at $411.35 and $408.06, next SPY downside gaps which IMHO will all fill eventually in coming months: $406.07, $390.89, $377.91 and $365.61
Intermediate to LT top in for indices are in for quite a few months IMHO.......I think it's short any pop from here on out.....Fed made it clear today(that was a Massive shocker to the markets and maybe 2% of peeps expected that), FED will not pivot and will continue to raise raise rates to that 3.5-4% level...much pain to be felt from the current and coming rate hikes...takes weeks and months to work through the economy. ER season over, inflation still extremely high here in U.S and EU is gonna collaspe IMHO with 12-15% inflation. Consumer is tapped out world wide and yesterday's US consumer credit reading was 2nd highest reading ever...world gov'ts in very similiar positions, expect major earnings compression to the downside and .......so more ST and LT pain is my lean, but will be major opp's as always and will always play price. Here are a few charts I posted yesterday
Radical stimulus and subsequent price inflation being passed onto consumers has done wonders for corporate profits.
— Sven Henrich (@NorthmanTrader) August 25, 2022
Sustainable trajectory? I suspect not. pic.twitter.com/O0wI837G1R
Consumer credit has shown the second largest monthly increase on record. pic.twitter.com/xVvzTanYDI
— unusual_whales (@unusual_whales) August 25, 2022
Household incomes crashing worldwide
— Cheddar Flow (@CheddarFlow) August 25, 2022
Source: Refinitiv data stream pic.twitter.com/Sv1lzjXQJL
Crazy times and FYI, SPY filled 2 more gaps today at $411.35 and $408.06, next SPY downside gaps which IMHO will all fill eventually in coming months: $406.07, $390.89, $377.91 and $365.61