MarketMaestro

$SMR
I’m curious whether it can make a sharp reversal candle like in the similar boxed areas. All of them are double bottoms 🤞
South Korea has agreed to invest in NuScale’s SMR program, and the first SMR power plant is planned to be built in the Uljin region, which hosts the country’s existing nuclear infrastructure.

$TE
It left a gap at $5.68. Despite all the noise, the general view is good

$PDBC
The Strait of Hormuz staying closed affects PDBC positively. Inside it, there are WTI crude oil, Brent oil, RBOB gasoline, NY Harbor ULSD, diesel, and natural gas exposure. It also has positive roll yield. So the fund can generate extra profit even above the increase in spot oil prices.
Also, inside it, there are agricultural commodities that benefit from this same problem, such as corn, wheat, and soybeans. In other words, Hormuz being closed creates a perfect storm for PDBC.
We can see this from the chart as well. It broke the neckline coming from 2014, and the view is bullish

$MOD
It held the $238 EMA support and reacted

$ISRG
The consolidation continues weakly. At this stage, it is important that it first does not lose the green zone and then support band

$PURR
There is an ongoing uptrend with corrections. It is targeting the red neckline again. Let’s see if it can break it this time

$AMPG
It is thinking about a breakout

$ARM
It corrected to its average and is turning back up

$FIX
Some opportunities are very important. They come rarely. That green zone is exactly that kind of opportunity, of course, if it gives that opportunity

$OUST
It has not made a false break below the red diagonal resistance yet

$D
I see it as very likely that it will fill the gap and continue along the path

$VG
It is getting stuck at the fibo resistance

$IREN
It is widening the consolidation. As long as it does not lose the green zone it can turn the formation into an inverse H+S

$NEM
I wouldn’t be surprised if it retests the red neckline below

$RBRK
The path I marked with the arrow is possible

$FCEL
It moved from a bear market into a bull market.
On the weekly chart, it broke the red resistance band for the first time since 2021

$SPY $Q
The chart that best explains that we are not in a bubble like the dot com bubble may be from Ed Yardeni 👇

$SPY $Q
Fear and Greed Index: 49
Since momentum has not completely collapsed yet, the index appears to be standing. But breadth is very weak. Options sentiment is low. Premium ratio and premium trend have almost emptied out. So the market image is not fed by broad based strength, but by narrow leadership