MicroStrategy is down significantly and looks like total garbage, heading lower again.
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Commodities Update: Technical Analysis: OIL MOVING ON UP, GOLD AND SILVER HOLDING STRONG
The creator provides a technical analysis of various commodities and market instruments. They note strength in the dollar and potential for higher yields, while observing a bottoming pattern in gold and silver. Crude oil is showing strength, but natural gas is facing resistance. Several ETFs related to mining and resources are discussed, with mixed outlooks, and major indices like the S&P 500 and Nasdaq are viewed negatively. The creator also touches on emerging markets and cryptocurrencies with caution.
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Tickers discussed in this post
URA is down 2.8% but still looks fine within its pattern, potentially due to overall market selling.
XOP shows some selling pressure with a potential reversal candlestick, but the longer-term outlook remains positive.
The creator does not see GDXJ as a good entry point, noting it's not showing reversals and could consolidate or pull back.
TLT bond prices are up a little bit, bouncing off support, which is seen as a positive short-term sign.
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