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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (69183)11/16/2022 5:01:28 PM
From: Magnatizer  Read Replies (2) | Respond to of 79449
 
SOX

Added to position near close, now long 1/3 size position on SOXL.

Does seem logical SOXL will retest 10.35 (breakout area from downtrend channel on the SOXL chart) but I like this area to buy on the SOX chart. 10.35 will get me full long






To: Magnatizer who wrote (69183)11/17/2022 9:44:28 AM
From: Magnatizer  Respond to of 79449
 
Adding to RUT long on this retest. TNA the vehicle.




To: Magnatizer who wrote (69183)11/17/2022 12:05:27 PM
From: Magnatizer  Respond to of 79449
 
DJI

Adding to UDOW long here




To: Magnatizer who wrote (69183)11/19/2022 8:46:17 AM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (3) | Respond to of 79449
 
Daily

Didn't hit the 60-80% long on the index fund but did make it to 50%. Will work to get nearer the target on Monday as Thanksgiving week is traditionally a bull run on Tuesday and Wednesday.

The Daily CCI 55 charts

DJI

At a minimum, I like a test of the 34400 area



SPX



NDQ



RUT

Perhaps the most concerning chart at daily scale. Bottom of a horizontal channel rejected it pretty good but then it found support on a retest of the downtrend channel. Normal behavior but it does need to recover the horizontal above soon or a return to the downtrend channel for a test of the bottom is likely.



SOX



ME

Wiggle on +200 CCI level placed several new trendlines, a horizontal channel and two associated tline crosses on the chart. This one is set for many battles through the end of December. Still my favorite play as the new China but this does not look like a swing traders friend here.



DJT