MY JOURNAL FOR FRIDAY – September 19, 2022
NEWS, BREAKOUTS, MOMENTUM PLAYS & BOTTOMS
Follow Up Charts For Wolf Financial Presentation | Greg Schnell, CMT | (9.19.22)
There are so many charts at inflection points. Not just on a daily chart, but on 10-year time frames. For me, the larger market direction is at an important precipice. Being involved or standing aside will be paramount to your wealth position heading into year-end.
Being a technician watching charts requires following how the charts change from week to week. There is a lot happening next week if you are interested. I will be presenting at a few public venues as well as the regular weekly newsletter and video for clients!
This recording is from last week.
The Pitch
I talked more about the macro environment on the Pitch, and you can see that recording here.
The Pitch
One of the charts that is trying to hold up is Tesla. I’ll review this chart and the positive signals on it from a technicians perspective.
F0r the next market rally: QOE has been a good day to look. QOE in Blue.
Banks have been very resilient of late. Almost no pullback last week while the rest of the market plunged.
Upcoming Presentations:
I’ll also be presenting across a wide array of topics next week.
Osprey Strategic Overview
On Tuesday – I’ll be presenting on how the Osprey Strategic approach works to avoid the downside. You can register here for the live presentation on September 20th at 1 PM ET.
Enhance Your Investment Mindset
The $CRB chart has an ominous monthly bar from June.
The Weekly chart isn’t any more comforting. Two different views.
Here’s another presentation I’ll be doing this week.
Traders Exclusive Presentation
On Wednesday – Traders Exclusive – September 21st at 1 PM ET.
Thanks for following me on the Wolf Financial Twitter Space.
You can find me on twitter at @schnellinvestor.
It is an important time to keep focused on how this market resolves itself. I have a bunch of things I’m watching and I’d be excited to provide some insights as to how we examine the markets. Try the various subscriptions available at OspreyStrategic.org for as low as $7.
Good trading,
Greg Schnell, CMT, MFTA
Welcome to Osprey Strategic
Nearly a Decade of Experience in the Financial Markets
Greg Schnell, CMT, MFTA, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and recent winner of the CSTA’s Technical Analyst of the Year. He is an active member of both the CMT Association and the International Federation of Technical Analysts.
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BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
NFLX.NE – NetFlix Inc – Canadian Depository Receipt
NPI.TO – Northland Power Inc.
RY.TO – Royal Bank of Canada
SJ.TO – Stella-Jones, Inc.
TD.TO – Toronto-Dominion Bank
TSLA.NE – Tesla Inc. – Canadian Depository Receipt
MOMENTUM ALERT SIGNALS
PAST ARTICLES
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