Bot LYT at 0.90 for run to 1.40

Bought small cap BHAT at 0.83/share

 First target at 0.96-0.98, TauRange momo arb target - longer-term resistance.  Next price target at 1.11 - 200-SMA

GLD reignites upside momentum

The Jun 194 calls gained up to 70% this week to trade near 4.50; ended week at 3.60. More upside likely in the short and intermediate terms.

GLD is pulling up TLT which drags up FXE, and the weakening dollar has scared OPEC into surprise cutting - lifting USO, the laggard

End of Q1 2023 review - long GLD 194 calls 3-6 months out

GC 04-23 was aggressively accumulated by large traders in the latter half of March and is looking to resume a cyclical bull market that began last Fall.  June Monthly 194 calls at 2.66

    ZN and ZB 06-23 have similar but more subdued patterns of accumulation.

    Bets on easing monetary policy

NQ 06-23 is melting to the upside leading an intermediate-term upswing in equities.

    ES 06-23 follows

Tech-centric/regional banking crisis 8am regime

 The correlation between long-dated US treasuries, gold (metals), and the US Dollar has increased significantly as banking crisis contagion spreads especially around 8am EST.

As the 45-min correlation on 1-min chart between GC 04-23 and ZB 06-23 troughs around 0, this marks a lagging indication that the consolidation is ending/ended before another leg up in these securities. 

 

12-25-22 Charts - 1.) Long CL Calls, 2.) Long NG Puts

NG 03-23

FR7 and FR7Range show upside capitulation on 11-23 above 50-sma and at 200-sma and above 2 sd above bollinger band on low cumulative volume

On 12/19-12/20 AHFTSpread downspike from 12/16 shows downside price momo continuation more aggressive, separating and persistent than 11/8

RSI(7) well above lows required for local low past 2 months leaving more downside room possible

Buy Feb 4.05 p for 4720

NQ 03-23

Early Aug traded above 50-SMA and 1sd above bollinger band before rolling over with slight confirmation from FR5, pattern repeating now with RSI(7) grinding lower like before but not at extreme lows preceding a bottom.

Look for large momentum downside before entering sh term put position

May be extended to downside in sh term as tested 10880 sup on 12/22 - retest 11300? Fisher shows possible downside exhaustion and daily chart riding Bollinger 1-sd below

ES 03-23

Similar set up as NQ 03-23 except tested above 200-SMA i md Aug and just recently did as well before rolling over.

Similar possible rebound to 3910.

CL 02-23

All major indicators showing strong divergence to upside - more confluence now then last time there was a bounce in early October above 50-SMA and 1-sd above Bollinger. $75.00 looks like solid support, end of first week of Dec looked like stop-fishing expedition below it.  Low holiday volume can lead to upside short squeeze.  

Buy Feb 83.00 C for 1880.00

ZN 03-23

On 11/10, gained upside momo to rally above 50-SMA riding between 1-sd above Bollinger and 20-SMA; lost upside momo past few days

Cold weather ahead, but UNG upside limited

Very recent articles have been written about an incoming cold spell driving up NG.  But I don't see much upside with a lot of supply near 19 and above on UNG.  Also, my machine learning algo has not called a reversal yet, and it is surprisingly sensitive to them, so I'd continue to short-sell rallies like this one for lower prices this Winter...