The market is like the ocean. So vast, so deep & expansive. Most of us ride paddle boards or surf boards in this simile… maybe a few are fishing/charter boats. Hedge funds are like oil tankers or cargo ships.
While some may create wakes, the currents & waves are far beyond our control. All we can do is try to recognize the signs, and ride the waves as they come. 🏄♂️🤙
$CCL a good example looking at cruise lines. Solid look. Needs above 33.15 and has room to 41 on a move for a possible third wave. Fails below 27.76. Let's see whats up with the boats 🚢
All about the cycles and rotations.
While key names slip, see through the noise of it all.
Cruise lines look interesting here after a 50% retrace and a possible 1-2 build 👀
The "noise" is at an all time high for me right now. Coming from every direction at times. A million reasons why it could fail, but price is all I'm trying to listen to. Looks to me like we're on the verge of new highs via a 5th.
Riding out the chop since Oct has been tricky.
When shit gets wild, take a break. Step away for a few days, or longer. The market will still be there when you get back.
Helps with the general view of things, at least for me.
$INTC daily - Key area for potential to reverse & pull back into a 3 wave decline. Seeing structure w/ 5 waves up. A turn lower could mean a wave 1/A peak to pull back to 2/B.
Took some Jan puts against the grain here - let's see. Long term buyer in lower 30s if it plays out.
Watching $INTC here. Short-term consolidation after getting above 23.90-24 resistance and now holding as support. Looks good if it can continue to hold