Tuesday September 30th

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SPX – The dips have been so mild, that the dcls have not had enough force to turn the 10sma lower. So with that, we have seen 3-5 day pullbacks that were dcls, and we now have a 3 day pullback to the 20ema that could be a dcl. I discussed in past reports that

1. This could be a day 38 dcl or…

2. We could bounce for a while and then roll over into a day 50 dcl.

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We have traded PLUG, WWR, BLDP, BLNK, etc and they broke out and made a good run.

So this is BLNK continuing to play out higher, and …

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CHPT has been a lagger, but I think that this set up has good potential and it is trying to break above the 50 sma now. I bought a small starter right here and will add with a push higher, especially if the volume builds. Also…

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The bigger picture for CHTP shows really strong upside potential %-Wise, it this gets running.

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DNA SEPT 23rd – I (we) Bought NA this summer and made good gains. I sold it and then it bounced right down to the red line (200sma) and reversed there 3 times as a good low risk entry. I was showing that it can be buy and hold with good upside potential. Obviously, it could also back test the recent breakout.

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DNA dropped deeper than a back test last week and then recovered. On Monday it climbed 15% with increasing volume, so it is likely running back up to former highs and maybe beyond.

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WTIC – Oil dropped and it turned lower as it approached the red 200sma line. Oil struggles a lot with the resistance areas, but Oil stocks are at the highs. Oil stocks still look good, but Oil chops around and that may continue until it can either break out or runs out of time.

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The USD ran up & out of the lows recently and broke out above the 50sma and the upper downtrend line of a channel. On Monday, the USD back tested that upper trendline.

 

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GOLD continues that run out of the triangular consolidation. It looks to be running to $4000 as a target and it is in a strong bull run.

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SILVER – I have discussed a couple of idea with Silver.

1. It just continues to run in a parabolic blow off type of a move, or

2. It is going to peak this daily cycle soon as L.T., and finally pull back as a buying opportunity. This should be day 8. 4.

3. Silver stocks like EXK, FSM, HL, CDE, etc were only up 1-2% and that MIGHT hint at this Silver daily cycle peaking soon.

Silver stocks like EXK, FSM, HL, CDE, etc were only up 1-2%. Many gapped up at the open,  but sold off during the day while Silver held up.

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GDX also gapped up at the open and sold off with Gold and Silver up nicely.  Miners often lead the way, so we MIGHT be seeing the start of a pause coming as the USD bounces back this week.

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FROM THE WEEKEND REPORT

1. Yes, We could just continue higher and higher and get a blow off top, or

2. We could pause eventually with a sideways consolidation as drawn here and then make a final run higher.

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As pointed out in recent reports, those 5 letter junior miners / explorers are running

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GRSLF was starting to break out around Sept 11, so I posted this great looking base and, of course, those volume spikes always mean the move is real. This was a buy…

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  GRSLF then broke out, back tested, and took off higher. Congrats to those that bought it.  We are seeing the smaller 5-letter explorer/miners run now.

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BCEKF broke out, crawled along the red 200sma at 18 cents, and then broke out again, so it was in the report 2 weeks ago at moving from 18 cents to 26 cents.

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BCEKF is now at 44 cents, because these are breaking out and running strongly.

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TDRRF was a lagger in a wedge and then it broke and started to run too. Now what happens when these get too extended? They can often consolidate and continue higher. So this was Tudor on Sept 15 from in a report 2 weeks ago. It is extended though, right? Well..

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TDRRF dropped on the 16th, 17th, & 18th and fell toward the red 13 sma. Then it shot up again for 3 days to the current peak and now it has pulled back again. It may now continue higher again, so if you own it, it may reverse here.

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AAGFF is one that I pointed out I own and like. It was actually a buy in 2024, and this was a buy again as it was just breaking from a wedge here, so this was a buy in the report this summer.

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AAGFF has not moved straight up like the others, instead it is rising, and consolidating, rising and consolidating.

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AAGFF was pointed out last week as another breakout. Did you miss adding as it pushed toward 80 cents and wished you had? If so…

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AAGFF actually pulled back to back test that consolidation, even though Silver was up. Let me zoom in…

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AAGFF has a normal looking pull back and it may dip even further to get to the 20 ema, especially since it dipped yesterday with Silver higher. So it is possible that this may drop to the $0.67 area.

 

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So we are seeing bullish price action in all areas again, and this includes Bitcoin rising up after last weekend and MJ Stocks lit up. I didn’t cover MJ yet, because Trump posted a video indicating that CBD is goo for seniors and the sector caught fire. TLRY was up 60% by the end of the day, so I obviously cant recommend buying into that here yet. CGC, VFF, ACB, etc were all up over 20% too, so now we’d have to see how they act going forward and look for an entry to present itself. As for Crypto? I’ll cover Bitcoin below.

Enjoy your Tuesday trading!

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~ALEX

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FROM THE WEEKEND REPORT – Hoping for a reversal higher at or near this lower trend line. I said…

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 Bitcoin: I am Optimistic yet Cautious.

That said: We are getting late in the 3rd year of a 4 year cycle, and that 4th year can have deep crashes, so this is what I am watching. We DO have time for a rally as drawn here, and if this kicks into gear, it’ll be a very good one to reach the upper channel. Crypto stocks like IREN, CIFR, HUT, WULF, etc have already given us great rallies, I (we) have solid gains from those (& RIOT). Others started to follow, like BTDR, CLSK, MARA, HIVE, BKKT, etc., but they dipped with Bitcoin last week.

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Well, BITCOIN did reverse higher, and we saw larger green candles on Sunday and Monday, but overnight it is dipping lower. With this Bitcoin push higher on Monday, we also saw Crypto stocks reverse higher (from last weeks sell off) and they still look like they are taking a normal bullish path…

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We also saw Crypto stocks reverse higher (from last weeks sell off) and they still look like they are taking a normal bullish path.

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 This was CIFR on Monday morning reversing near support. CIFR had announced an offering and dropped sharply, but it may have just found support.

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CLSK also reversed at support and it really shot up nicely, up 15% by midday.

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WULF has actually moved sideways over to support over time. That has made it a little easier to buy and hold.

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In fact, most of the crypto stocks did reverse higher, but with Bitcoin pulling back overnight, they may dip lower on Tuesday. We can watch and see if they offer another entry.