Tuesday September 23rd

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SPX – As mentioned in past reports, the markets have been very bullish with the rate cut rumor and now reality. This can run higher and the buyers are still entering the markets.

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NVDA – How can we pull back when we have such bullish set ups like we’re seeing in NVDA, MSFT, TSLA, AAPL, RKLB, AAOI, etc ? These look  like they want to push higher.

 

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Stocks that we bought 1 or 2 weeks ago are still finding buyers too.

BBAI was recommended at the 200sma area, it got above the 50sma and that acted as support during the selling on Monday…

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BBAI – I pointed out that it went green midday and then it closed up over 3%, so the markets remain bullish.

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SOXX – Semiconductors continue higher too.

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I am going to cover some charts from the General Markets at the end of this report BELOW THE CRYPTO SECTOR, so don’t forget to go there if you are interested, but tend to skip the Crypto sector. It will be below that sector.

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USD has been choppy at the lows and we may see that here too, for a while.

 

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GOLD was up at 8 a.m. Monday, so I grabbed this chart and it could be day 2 of a 2nd daily cycle (ICL in the tringle). $3721 and a new all-time high.

 

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GOLD stretched to a new high of $3748 and with a bull run this strong following a 3-4 month triangle consolidation, this can stretch higher. It also just put in a smaller upward sloping churn that can build more energy too.

 

 

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From the weekend Report:

…This is very strong for 5 months out of an ICL, but this looks like a very mild dcl and can go higher.

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ALSO From the weekend Report:

SILVER WEEKLY– So is there any hint of a possible parabolic straight up run coming out of Silver in the weekly chart? Yes, we already have 5 straight green weeks. Silver might just run straight up from here (If not, and we don’t go parabolic, the next dip would likely be shallow too).

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(Monday) SILVER has been amazing, simply because it is in a 4th daily cycle, and looks to be starting a 5th without weakness. As discussed in the weekend report, at some point Silver may go straight up and run parabolic, so…

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SILVER can run now as drawn here by me, and still form as L.T. (day 7-11 or so), and then needs to drop into a dcl/ICL in October, or it could just run up parabolic for 15 days and then crash down.  The 15 days part is just a number or a guess.

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GDX – The Miners are going strong too. What I said for Silver applies here too. Straight up, but top in 7-11 days and become L.T. or parabolic. It is not possible to tell at this stage of the game, but the smaller juniors and explorers have joined in on the rally.

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In the weekend report I mentioned:

GDX -Can you imagine a dcl now with 2- 3 additional weeks higher? THAT looks parabolic.

 

LEADERS AND LAGGERS

We have seen some Silver stocks like CDE, SSRM, PAAS, etc take the lead and run swiftly higher, as seen here…

 

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But

AG was lagging as it literally chopped sideways from June into September. THAT was frustrating, but it looks to be taking off now. Here it was up 10% in the morning and it closed up 14%!

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EXK lagged and chopped a bit too, but here it was up almost 12% near 11 a.m., and it closed up 15%!!

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AAGFF was pointed out as a lagger with a great base last week.

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AAGFF was breaking higher with high volume, so it was a buy…

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AAGFF stalled and then continued higher Friday and Monday.

 

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SVM was a lagger too, and it formed a cup and handle…

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SVM was up 15% at 2 p.m., so it has done well since I pointed out that cup and handle, so now we may see laggers really run. When we see a lagger like EXK and AG start to stretch out, a week from now they may be nicely higher. And with that thought…

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ASM looks to be recently lagging here. It did actually have a great run in April into July, but it paused and formed a cup of its own. ASM may start to run again here.

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The weekend report said it all when it asked us: What is parabolic?

And we wonder if we’ll have another good pull back and then carry on higher(?), or are some sectors entering the end game where they just ramp up day after day until it gets unsustainable and then we see things drop down into a consolidated to digest those gains for an entire intermediate cycle (or more)? Well, it’s hard to say at this point, but right now the bulls are running strong in many sectors, so enjoy the ride while we can. I have more charts following Bitcoin below. Enjoy your Tuesday trading!

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~ALEX

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BITCOIN dropped sharply on Monday, but many of the Crypto stocks closed green and a few actually gave us more very good gains.

 

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BTDR was a buy in the apex of the triangle consolidation, and it continues higher. It was up 9% on a day when Bitcoin was down and I think that this can continue higher too. I mentioned that it can run to former highs at $26, especially since it is not overextended.

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WULF continued higher despite Bitcoin being down. It went from red to green and continued higher. This has been buyable along the 10sma (8 ema is shown).

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CIFR was up another 15%!  THIS looks like it may be getting extended, but it just continues to climb higher on an almost daily basis. This also went from red to green and then rallied despite Bitcoins drop.

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MARA – I have pointed out the laggers (The best ones to me were MARA and CLSK). CLSK took off higher and MARA looks to be set to run too. It dropped BIG yesterday, but buyers stepped in again, so it closed up 6 cents. This could be bought, especially if it starts to run from here.

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AAPL -In August I mentioned that AAPL was a lagger (other stocks like MSFT, NVDA, GOOG, etc. were back at the highs). It was now breaking out so it could run back to the highs as a buy and hold. I mentioned buying a back test or dip & riding it.

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AAPL then dipped and churned, and that was a tough hold, but now in September it is running higher in recovery mode.  What else might recover?

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What else might recover? ‘AI’ is a bullish area and ‘AI’ the company got clobbered recently, but it may be starting to recover.

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AI Reminder: I already pointed this out as a possible recovery starting. It may try to fill that overhead gap or it may just completely recover. The RSI gained the 50% line again and even though it doesn’t look like much, but it moved from $15 to $18.68  out of the lows and it could continue higher too.

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ASPI: I pointed this out last week as a lagger that looked ready to play catch up. It was the same sector as OKLO, LTBR, SMR, NNE, etc  and they were running strong.

ASPI started to break out as a second chance to buy…

ASPI I posted this after 10 a.m. It sold off and started to recover…

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ASPI climbed up 14% by midday. At this point this could just rocket higher or bull flag, but I would continue to hold it unless you are a day trader and want to lock in gains.

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BBAI was a buy for us at the reversal near the 200sma. It then broke through the 50sma and yesterday it dropped and bounced back, and that…

 

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BBAI – That 50 sma seems to have acted as support and BBAI can continue higher. It was a buy & hold at the lows so I would continue to hold as long as these markets stay bullish.

 

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QSI – We bought this as it broke that 50sma. It was lagging other Quant stocks and IONQ , RGTI, QBTS, etc were flying!

This is the one that I said might crawl along under the 200sma or it might just break out. This chart was from last week…

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QSI – I posted this after 10 am to remind that it may break out or crawl, but now it was up 8%.

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QSI started to breakout, so I posted this before Noon. QSI was now up 13%, but looking at the big picture, it really looks like it has plenty of upside.

 

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RKLB continues to be a choppy but bullish set up. It has now formed a cup and found support at the 50sma a few times.

 

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I like SERV in the robotics sector. You’ve seen what RR did, and this may follow that kind of move. This chart was from Friday and on Monday SERV stalled here and closed slightly down at $13.75.  It could be a buy if it drops lower or it may be a buy here too, but it does swing rather big.

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SMCI – I remember when I traded this, and it was a very strong stock. It has now dropped to support and is slowly climbing upward. I think that this is a buy right here if you need a stock to trade, or you can wait for the breakout above the 50sma. I will admit that this has been a choppy stock, but it is moving higher. .   

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LTBR September 15 was a buy for us…

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LTBR has been catching up to OKLO, breaking to new highs.  OKLO has been ridiculously strong!  We also have SMR, NNE, ASPI in this sector.

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OKLO – I just wanted to show you OKLOs run. I sold mine a week ago or so to lock in gains, but it just kept running. Will SMR, LTBR, NEE, and ASPI do this? Maybe not quite this much, but they have moved higher too.

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RGTI continues to run from our buy point.  This was RGTI, IONQ, QBTS, QUBT, ARQQ, QMCO, QSI ( QMCO & QSI were laggers that we caught more recently and are now running), etc.

 

SMR was lagging OKLO last week (obviously) when it suddenly Popped on Friday by 22% over the 50sma. Monday it gapped lower and recovered by 3 p.m., so I grabbed this chart. It actually sold down into the close, but…

 

SMR actually sold down into the close, but it may just be pausing or even ‘flagging’ before running higher. SMR can continue higher  to form a cup or just rally to new highs like SMR.

 

I’m not holding mine anymore, but PLUG is up another 12%.

FCEL, BLDP, PLUG, WWR, BLNK, etc —on fire too. WWR lagging, still a buy with a stop

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WWR was a buy and it is still a buy as it breaks the downtrend and regained that 50sma. The sector has been hot as you can see from our former buy set ups with BLDP & PLUG.