Tuesday October 7th

It has been an amazing couple of weeks for a few reasons, but one of the reasons that I am thinking of is because the moves in the SPX, NASDAQ, and RUSSELL 2000 are not really all that impressive, but the breakouts and runs in the many stocks that we have been trading & investing in are BIG moves. Several of our stock picks are jumping 15-20% and then running a lot more. You’ll see with the IWM and QQQ Below, that their moves are not as impressive and that is a Good thing. So let’s take a look…

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THE IWM was up less that 1%, but it has been higher each day out of the recent lows. It can continue to the upper trendline, but I am also seeing MACD divergence, so it will likely peak at the upper trend line.

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THE NASDAQ also was up less that 1%, but it is slowly climbing higher out of the recent lows too. The NASDAQ was actually down on Friday, but many of our stock picks were still up big.

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THE USD is still just chopping around. It has lower highs and lower lows (so far) and that is an ongoing downtrend. I’m watching to see if the USD pushes higher again and can-or-cannot put in a higher high.

 

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GOLD had a strong day. It is very overbought with the stochastics, the RSI is hot near 85, and a measured move from the triangles left side could be complete–but I’m not calling a top. The Gold market will call its’ own top.

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SILVER has joined in with Golds run and really started to heat up. It was churning sideways repeatedly in the first 3 daily cycles and now it has turned higher and you can see more of a vertical run in lay. I have mentioned 2 possible or likely scenarios that could develop from this run. A straight up parabolic blow off – or a dip into an ICL and then another run higher.

 

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SILVER doing a parabolic blow off move, or…

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SILVER eventually starts to stammer and work its way lower, maybe in an a-b-c type of a dip. If this happens, ot could cool sentiment and cause another leg up.

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GDX can do what I mentioned for Silver too. It is running strong and it could get into a vertical blow off top style rally, ot it can pull back and cool off, with another chance of a rally to follow.

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IAG – What a beautiful steady run some of these Miners have had. That is a double in 2 months. I’d say that they are due for a pullback, but so is Gold and Silver and so far it has been a steady bullish run.

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I will review some stock picks below after discussing Bitcoin, enjoy your Tuesday trading!

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~ALEX

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BITCOIN reached new all-time highs and at times, similar to when you see a cup and handle form, we can get some sideways chop below the next push higher. That may or may not happen here, but if it stalls, it does not mean that the peak is in place. We do have ‘time’ to run higher. As mentioned in prior reports, some crypto stocks have been running nicely, like CIFR & IREN, others have lagged, like MARA and but could play catch up.

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MARA was a lagger, since Bitcoin was running to all-time highs and it was still chopping around, but it is now playing catch up.

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BTDR was a pattern that we bought just before it broke out and it chopped higher, but now it is running more steadily too.

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HIVE was moving higher after earnings while Bitcoin sold off in August, so it was a buy for me above the 50sma with this chart.

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HIVE was in the reports a few times in August after their earnings because it continued to make progress as bitcoin was at the lows. This could run to former highs (at $5.50) or more and volume was increasing on up days…

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HIVE was bouncing off of the 20 ema (bullish) with increasing volume, so I highlighted it again twice last week with these 2 charts. These are buy and hold, because they are making progress despite choppiness.

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HIVE surged 25% yesterday alone. Congratulations if you held on, because this is now over 100% gains from our first buy.

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Again, these crypto stocks are ‘buy and hold’ now that Bitcoin broke from the lows to the highs, and it does still have 2-3 weeks of ‘time’ left in this daily cycle.

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I’m just going to run through some of our stocks here. Some may be set ups from last weeks ‘picks’ that broke out, others are ones that broke out and are still running for a week or 2 ago, and hopefully a couple of picks that are set to go and can be bought in this area.  🙂

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AAOI has been very choppy and difficult to just buy and hold, but if you did, it popped almost 20% yesterday and looks ready to breakout. I have had AAOI in the reports since the April ICL and it has just about tripled. This looks like a constructive ‘cup’.

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RKLB has also been in my reports since the April ICL and it formed a long choppy cup-like consolidation too. It bounced off of the 20 ema a few times and I pointed that out in the reports. It looks to be breaking out now, so this could be starting more of a steady run..

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ACHR was in my reports last week as a buy in a strong sector (Aviation). It was pinched between the 50 & 200sma and started to break out. It popped 13% on Friday and I grabbed this Monday morning to show that it was continuing higher…

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ACHR closed up almost 20% yesterday. It could pause here (it looks similar to Bitcoin), or it may just run. Some of these recent ‘picks’ have just exploded higher and continued to run strongly.

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RR: As mentioned, some of these recent ‘picks’ have just exploded higher and continued to run strongly. Aviation, AI, Robotics, Quants, Nuclear, etc have been explosive and some have made great gains day after day. Add Crypto & Precious Metals to that list too.

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BBAI has been a buy in September near $5 at the reversal at the lower 200sma, It then rallied…

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BBAI rallied and then became another buy in October after dipping to the 50sma and reversing higher. It is a buy and hold…

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BBAI remains a buy and hold with good potential. You can still buy it in this area too, because the AI sector remains very bullish and the upside potential is great.

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AI was beaten down, so I have been pointing it out as a lagger when it was at the 20sma, with potential. It is now running and I grabbed this chart to show a gap up open  that was dropping to fill the gap.

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AI filled that gap and started to move higher, so I’d say that this is still a valid buy.

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EVTL was also aerospace or aviation, and I had it in the reports last week at the 50 & 200sma. Since recommending, it put in an 8% day, a 4% day, and a 4.83% day yesterday.  Not bad, that’s 16% in 3 days. I own it and it is slowly chugging higher, but this could rally swiftly if it gets running.  I still call this a buy, especially if it pulls back before the next launch.

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I want to how you LAES, because I was going to buy it at the green 20 ema and missed it. It rallied BIG last year, so it was on my watch list. Well, I was going to buy it yesterday and put it in the report, but they did an offering, and it was down 11% yesterday when I looked at it. I took a very small position for now at the end of the day, but by the end of the day, it was up 8%!! WHAT???   And what did I like about LAES…

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LAES -I loved this base. It is a 10 month long base! I’m going to add on a pullback, but after being down 11% and closing up 8%, it may be on the launch pad from here.

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OPEN: In the comments I was pointing out a stock that I trade (Usually day trade) often on this rally higher. It has days that are up 25%, 30%, 80%!  SO I started a position after watching it chop along the 20 ema and posted this in the comments section.

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OPEN popped right after I posted it and shot straight up 13% and then continued up 18%.  I am posting this so you can watch it and buy the dips if we see any. I will add on any dips.

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THE QUANTS CONTINUE TO RUN

QBTS  was a buy after a small pullback and then broke out last week. I grabbed this to show that it went from red to green yesterday by 10a.m.  I also added the magenta lines to show price projection.

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QBTS was up 10.5% in the final hour.

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QSI was a lagger in this area, so I posted it as a buy last week too at the ‘4’ area, the 50sma. It is still a valid buy based on the amount of upside potential that it has if it gets running, so I posted this yesterday in the comments when it was up 1%. It closed up 5% and can still run higher.

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SERV was a buy at $12 is moving steadily higher. It also looks ready to break out after this long consolidation..

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SES was a buy near the 20 ema and it is running. It was up 17% Friday and closed up 18% yesterday.  CONGRATS to the buyers, that’s a 35% gain in 2 days!

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SGML is lithium and it is breaking out. This was a buy last week as a lagger to LAC & SLI, it is still a buy.

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SRFM was mentioned as a buy last week near $4.50 and it is still a buy too. This tiny move yesterday is actually a 10% Pop.

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SRFM – Look at that June ramp up. It could form a cup and run to $10 from $5.