Potential Trades
This section tracks prospective trades that I am monitoring and provides information about what I am looking for before entering it. NOTE: You need a paid Tradingview plan to see all the indicators on these charts.
| Symbol | Charts | Sectors | Date Started Monitoring | Notes |
|---|---|---|---|---|
| BDRY |
Springboard Triple Exhaustion & Seq9 BPT1 BPT2 Static Wyckoff Chart PBOF |
Shipping, DryBulk | March 1, 2024 | R. Clark sent Wyckoff chart. Sold off hard before FOMC meeting on 03202014 blowing through the 20 day EMA. Holding out for the 50 day ema and demark nine daily. At time of writing it is a demark 6 with oversold CCIs. I want to see it build a small base, maybe a bull flag, to help draw a buy point with clean tight stop. Declining volume, CCI (or any oscillator) divergence would be nice. Keep an eye on Volume Profile support. |
| MSOS |
Live Trading View Chart 1 Live Trading View Chart 2 |
Cannabis | February 1, 2024 | I traded this in December and January with nice gains. Looking to buy in weakness as it could start to fly if the DEA meeting to re-classify Marijuana at a lower of level of danger is scheduled. Currently, the DEA legally equates it with Heroine if I understand correctly. Currently, it swings up and down in response to rumors about the when this might occur. |
| BITO |
R. Clark Chart |
Crypto | March 19, 2024 | R. Clark: BTCUSD, COIN and GBTC have achieved initial upside targets with overbought readings. Intermediate corrections to/below the 50-day ema have occurred following overbought verticle moves sixteen times since 2011. |
| UNL |
R. Clark Chart BPT1 NG Futures BPT2 NG Futures NG Vs UNL Chart Naked Long-Term NG Chart |
Energy, NatGas | February 21, 2024 | R. Clark: Natural gas peaked at $10 in 2022 and made a lower high of around $3.50 within the last four months. This week’s low of $1.58 matches those dating back to 1995.The most active futures (April and May) generated daily downside Capitulation alerts in the last few days. Seasonality suggests that we can look for a bounce and possible basing activity before rallying into June. I will use UNL and not UNG as UNG is subject to too much decay. UNL compares better. Steve Saville explained why. Will hunt that down. UNL is lower volume though. |