TG Watkins – A Wide Range On Stocks Are looking Strong, The Market Is Back To Buy The Dip, Here’s What To Watch In The Charts
TG Watkins, Director of Stocks over at Simpler Trading and Editor of the Profit Pilot website joins us to share his outlook for markets and a number of stocks and sectors that continue to look strong. This whole year TG has been pointing out positive factors and playing stocks to the upside. He continues to see strength in many areas. We ask about how the markets can remain strong with recession fears growing. We also take a look at the crypto space and some opportunities he sees there.
Be careful with the daily and very short term setups when the weekly chart looks like this:
https://stockcharts.com/h-sc/ui?s=MSFT&p=W&yr=5&mn=3&dy=0&id=p57797959303&a=1438898348
AMZN appears to be out of steam at its bearishly falling 500 day (roughly 2 year) MA.
https://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=2&mn=5&dy=0&id=p74539349814&a=1311449174
HL:SPY is ready to fly…
https://stockcharts.com/h-sc/ui?s=HL%3ASPY&p=D&yr=1&mn=1&dy=0&id=p57440702734&a=861300077
Silver appears ready to strengthen and probably significantly…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=0&dy=0&id=p95509252176&a=1450606375
QQQ is ready to fall hard vs SILJ…
https://stockcharts.com/h-sc/ui?s=QQQ%3ASILJ&p=D&yr=0&mn=11&dy=0&id=p70370386250&a=1345035942
IPT has a bunch of decisive oscillating indicator buy signals as well as an RSI reading that jumped above 50 and to a multi month high. GLD, SLV, GDX, GDXJ, SIL, and SILJ still have not shown the same strength but they will improve soon.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=5&dy=0&id=p00558667750&a=1443777374
The best bull moves happen when companies like IPT are a Buy vs their larger cap peers.
IPT:SILJ
https://stockcharts.com/h-sc/ui?s=IPT.V%3ASILJ&p=D&yr=1&mn=3&dy=0&id=p79060708126&a=1183580160
AAPL pulling back at significant resistance…
https://stockcharts.com/h-sc/ui?s=AAPL&p=W&yr=5&mn=3&dy=0&id=p00258263283&a=1438903390