Thursday July 3rd – Half Day for the U.S. Traders

Today is a half day for the U.S. Markets and they are also closed tomorrow for the 4th of July holiday, so I was thinking that I would do a short report today, BUT THAT ISN’T GOING TO HAPPEN 🙂 Yesterdays trading was SO GOOD, I need to grab a good amount of charts and discuss things. It was so bullish in many sectors that I can’t even grab as many charts as I’d like, but it will be a full report, so Enjoy!

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SPX – We have a peak on day 25 now and that will usually become R.T. and the General Markets remains quite bullish.

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We had SO MANY bullish charts run higher yesterday, that I can’t possibly list them all, but ones that I have been discussing for a long time all started to take off (or continued to run), like BBAI, DNA, SOUN, ENVX, RGTI, IONQ, POET, DNA,  etc etc, and don’t forget NVDA, GOOG, NFLX, etc too- so Let’s just run through some charts…

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BBAI just doesn’t quit, so I am hoping that we see the same with SOUN & AI…

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SOUN was pointed out earlier this week (along with ‘AI”) and last week, and started to run so I posted this 19 minutes into trading.

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SOUN looks like it has good potential if it starts to run to prior highs like BBAI. It may be choppy, but so was BBAI.

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ENVX is still on the move. That was a large breakout above the 200sma (not shown), a bull flag, and then it started to go again. These set ups like to run back to former highs if the market conditions stay bullish.

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QUANT STOCKS, like RGTI, QBTS, IONQ, QUBT, etc are still good set ups and runners (also choppy at times).

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RGTI got moving right out of the gate too, so I posted this around 10 a.m.. I had pointed out the wedge as a buy this week. 

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RGTI closed up over 15%. This can work its way up to former highs if the markets remain bullish and that’s a 100% move plus.

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QBTS I just noticed that QBTS did something rather amazing. It dropped to fill that gap PERFECTLY near $13, and then ran higher. Amazing, right? 🙂  Now a $13 to $20+ run would be amazing too.

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DNA was a stock pick from Monday that just keeps running after reversing at the 20 ema too. It was up over 12% at one point yesterday.

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POET Did you buy or keep an eye on POET, RKLB, AAOI, etc ? They are running. Poet is up 50% in days and up 10% yesterday as a continuation.

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I was looking at another old favorite of mine, AAOI and I was pointing out that it could tag the 200sma as a buy. AS I POSTED THAT, it flipped higher, so…

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AAOI – I then posted that reversal and it looked ready to run. It closed up 5% and when this one really can move, it moves quickly. Remember, this was the one that ran $10 to $20, (100%) then dipped to $15 and I called for another 100% move. So far it is right on track and I don’t think that it’ll stop there if it stays healthy. It closed at $26.69.

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GOLD broke out from that downtrend that I pointed out, and looks to be on day 2. Gold looks good.

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SILVER also looks good, and it may be in a small wedge waiting to break out,  but it was odd for this sector yesterday. Stocks were running, Crypto was running, Gold & Silver were good, and the Miners dipped to red (but most recovered). Odd.

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GDX looks good, but let’s look at a couple of Miners…

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AG, EXK, CDE, etc sold off all morning and it looked bad. Ten after midday, they started to get bought back, and we ended the day with reversals to green for most of them. You can see that with AG here.

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EXK dropped and recovered too, it closed up 3 cents (this was posted as we approached the final hr of trading).

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DESHY mentioned Dolly Varden and I wanted to post about it. Thx Deshy (& MarkM, who also used to discuss it often too). I looked at it and didn’t realize that it trades in the NYSE now. I looked into their news feed and they have a lot of good news, which is giving the chart a very bullish set up, so lets take a look…

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DVS Daily -had good news in May and made a run in May from $2.6 to $4. That is a good run & volume spiked. It then consolidated and an A-B-C up would lead to roughly $5, and this looks ready to go if Silver goes.  Then we take a look at the long term charts…

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DVS Weekly has always struggled in this area, but this time may be different because it is listed on the NYSE and could get more attention, PLUS Silver is starting to run. See the volume spike? Buyers are here, I think that DVS could break out and make a nice run.

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I also decided to run through some of the ‘5-letter’explorer/miners charts and GOTRF stood out as impressive recently. That is a 100% move since April, but the entire pattern remains bullish. It is choppy and that can be difficult, since it moves up and down by 5-10%, but buy a dip or start here with Silver starting a new Daily cycle.

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 So there is only 1/2 day trading in the U.S. today, but there is so much to say. Also, as mentioned in yesterdays report…BITCOIN is looking quite bullish too. Have a great Thursday through Sunday all! Be safe. The weekend report should look quite good after this week. 🙂

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~ALEX

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YESTERDAY: Note what I said in Red…

BITCOIN – If Crypto-Miners are leading, does this indicate that Bitcoin just did a shake out and this pull back may reverse early and break out? That is possible, because now this chop has allowed time for the MACD to stabilize and turn higher. Several Crypto stocks are running…

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BITCOIN did exactly that. It reversed on that drop and started to breakout above the trendline. Cryto stocks were leading and now the laggers are joining the part, so we’ll discuss that.

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YESTERDAY I POINTED OUT THE BULLISH RUN IN IREN (with huge volume) and said that I saw volume in CIFR, WULF, etc too. Look at this amazing run! I mentioned that others could follow, let’s discuss that again…

 

IREN gapped open 10%, and sold down, so I wrote in the comments…

CIFR filled that gap and closed up 16%. MORE Than amazing 🙂   THIS GAP & REVERSAL WAS A GIFT OF A TRADE if you were paying attention. CIFR is starting to look like IREN, with the volume!

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WULF was pointed out in yesterdays report as having volume spikes and a break of the 200sma is bullish. It broke out & closed up almost 14%. Congrats if you grabbed it at the open. This can run to prior highs like IREN too.

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BKKT was a lagger that popped a meager 32% yesterday! That choppy difficult trading formed a bullish pattern – a wedge under the 200sma.

BTDR had a great run in April to May, but then dropped and was also a real lagger, but it just started to go yesterday. It was also up 15.75%

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CAN has formed what I think could be a very bullish wedge. This could easily double or triple over time. Take a look at that volume! I think there could be risk, but I think there could be very strong reward.  Buy here and wait or buy a breakout over the 50sma .

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HUT popped 14% with very strong volume too. This volume in all of these has always been a good sign to me that this is a real move developing.

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MARA  broke out with strong volume too, closing up 13%.