I think the sh&# will hit the fan next year personally, and a bad recession and let's hope that's all it is.

but we will continue to trade the trend, the charts, the technicals. 

in election years June and July are generally pretty good - I'm sure Biden is counting on it if his remaining brain power can process that, and Pelosi LOL Mrs Insider Trader herself loves the market

XOM - Chart Link- ex dividend is next week May 14th

easy buy near that 50 day MA where swing stop goes

XLU - Chart Link-

SBUX - Chart Link- on SBXU the first target was the 5 EMA, the 2nd target is the 9 EMA, make sure to scale out of something there, nice bounce trade from that CCI bungie setup of course

no one commented earlier but you can find these type of setups from this scan if you input it into Stockcharts.com

[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6 days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) < -200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily CCI(14) < -200] OR [2 days ago Daily CCI(14) < -200]] 

the nice thing about that volume profile indicator is that it shows you were the supply/resistance and support/demand zones roughly are. You can see the large volume profiles near important support areas etc 

Here's a few pm stocks that haven't busted out yet

IAG - Chart Link- coil

RGLD - Chart Link-

AU - Chart Link- coil

NEM - Chart Link-

PAAS - Chart Link- BOOM

KGC - Chart Link- BOOM

GOLD - Chart Link-

EXK - Chart Link- BOOM!

The NYSE's A-D Line is making another new all-time high with today's preliminary numbers. This is not bearish, though an ordinary pullback can happen at any time.

Price structure remains bullish at this time.

QQQ possible triangle/flat

TMUS near dear to acquire $2B US cellular assets from USM

1. $25bln 30y auction stops thru 0.7bp (prior 1.0bp tail, 6 auction avg 0.3bp tail)

2. *TREASURY WI 30Y YIELD 4.642% BEFORE $25 BILLION AUCTION

3. *U.S. 30-YR BONDS DRAW 4.635%; ALLOTTED AT HIGH 9.00%
   
   Good auction

Bond Auction at 1 EST

$SPX - Chart Link- last night I commented on the abc pulling looking like a wave 4, and we got another pop this morning in that wave 5. That could be wave 5 of C or of the more bullish 3. Either way now we have some MACD divergence 

$SPX - Chart Link- 15 min I showed last night

a pullback now under a bullish view would be as a wave 4, under a more bearish view would be a completion of wave C 

BLFS - Chart Link - short that continues to work out

SLQT - Chart Link - hopefully you sold with Mortimer this morning 

NVT - Chart Link- nice follow through

FE - Chart Link- nice follow through

CEG - Chart Link- new follow through

CIVI - Chart Link- new breakout

SBUX - Chart Link- the CCI had spiked below -300 and formed a divergence with price and along with the MACD divergence on the 60 min time frame and doji candle as a trigger was a perfect setup

here's past examples of it

https://breakpointtrades.com/blog/post/292951/

also if you want to scan for these setups, here's my personal scan, SBUX was on the scan 2 days ago

[type = stock] AND [country = US] AND [Daily SMA(60,Daily Volume) > 200000] AND [Daily SMA(60,Daily Close) > 5] AND [Daily Close < Daily EMA(9,Daily Close) * 0.95] AND [Daily EMA(9,Daily Close) < 20 days ago Daily EMA(9,Daily Close)] AND [Daily RSI(5,Daily Close) < 30] AND [Daily EMA(9,Daily Close) < 30 days ago Daily EMA(9,Daily Close)] AND [Daily Close <= Daily Open * 1.01] AND [Daily Close >= Daily Open * 0.985] AND [Daily CCI(14) > Yesterday's Daily CCI(14)] AND [Daily CCI(14) > 2 days ago Daily CCI(14)] AND [[10 days ago Daily CCI(14) < -200] OR [9 days ago Daily CCI(14) < -200] OR [8 days ago Daily CCI(14) < -200] OR [7 days ago Daily CCI(14) < -200] OR [6 days ago Daily CCI(14) < -200] OR [5 days ago Daily CCI(14) < -200] OR [4 days ago Daily CCI(14) < -200] OR [3 days ago Daily CCI(14) < -200] OR [2 days ago Daily CCI(14) < -200]] 

yep! was down initially, nice to see it rebound, got close to the 20 day MA then bounced

NEM - Chart Link

$SPX - Chart Link - after reaching supply we saw an abc (corrective pullback) and bounce from demand

SILJ - Chart Link -same thing with SILJ

GDX - Chart Link - watchlist add this week - trail up