 Folks, welcome to best stock charts for the coming week. This is Bob Desmond and it is the 20th of February, 2021. The symbols that we're looking at going into the new trading week, which I went over with members yesterday are RJR, EXE, XPER, MSFT, Short on MSFT, TLT. I'm throwing in another one. I went over this one the other day and that's gonna be Boeing. So it's actually gonna be six stocks, five to the long side, one potential to the short side. And before we go into those charts, let's talk about our week last week. We were pretty accurate on our call that yields were going to continue to rise going into last week. What did we do? We built on individual shorts, our short of Twitter, finally is beginning to work. We did not go adding to our short of the indexes, meaning our short of the small caps and or our short of the triple cues. Soon we're waiting for a break in the market. While we had a down week on the small caps and the cues, the transports broke out. So tomorrow night being Sunday night, we're going to go over the opening futures action because I think it's gonna be a very volatile week. We have a lot of inflationary data that is bubbling to the surface, yet gold and silver are not responding. Why? I think it's because we have stagnant economic growth, but longer term, after we see that growth is not what the government says it is, you're going to see stagflation, meaning stagnant growth, rising inflation, and we're gonna wanna add to our gold silver trades. So more on that in the coming days and weeks. Right now, it's just time to sit, watch, and wait. I've done videos on gold. My expectation is 2021, it's on YouTube. And I still stand by that commentary. I may need to amend it because of the volatility I see coming, but longer term, you gotta be in gold, you gotta be in silver. They're going to kill the dollar. They're going to try to, they being the government, they want to inflate away our debt, which we're never ever gonna be able to pay off. We are bankrupt. The United States of America is a bankrupt nation. The last time we saw a stagflation was back in the 1970s. Yet at that time, we were a creditor nation. We were lending money to countries. Now we are a net borrower, which we can never get out of. We are a debtor nation. We are a banana republic. So beware of this market. So more to come, gold, silver. So before we begin, let's talk about our sponsor, which is going to be TrendSpider. TrendSpider is our primary software for conducting our analysis. What we use it for is it allows us to automate our grunt work. It speeds up our analysis and it allows us to improve our accuracy along with the benefit of reducing costly mistakes. How do we do that? Well, we use our alerts, or their alerts, I should say. We use their alert system and it helps identify good, not good, great risk reward and treat plays. And if you set your alerts, set them and forget them, as I like to say, you'll avoid impulse buying. So please, time your trades with precision by using the trade alerts. If you're worried about, this is too complex to me, don't worry about it. Just go to TrendSpider University. I know Dan, I know Jake. They're the owner's management. These guys live and breathe this product and they have a ton, a ton, especially check out Anchored VWAP. I'm gonna be spending more time myself on this. They're big on it. A lot of tutorials here, folks. So TrendSpider, 35% discount code below and I give it away free to members. And on that note, I got a note from a couple of people now trying to sign up. To sign up for our 14-day free trial offer, let me log out here. Don't use this button here to join that button. Use this one over here. That's active and I give TrendSpider away with silver and gold level memberships right down here. So you could also use the link below in the video description area, sign up 14 days free. Members, I just updated the holdings page and that's all caught up now, okay? So we're good to go. All right, let's get to it. Let's do this. Let's talk a bit first about TLT. This is the 20-year bond ETF. Now, the way you gotta think about this trade is that, this is a monthly chart, is that I am anticipating a stock market break. So the question that becomes, okay, why do you like this trade then? The reason is that money needs to go somewhere so that if we are seeing money leave the stock market, where's it gonna go? It's gonna go into the dollar, foreign currencies, potentially gold not right away, silver potentially but not right away, but longer term treasury debt. 20-year minimum, 30-year, let's maximum. So we like the TLT, which is a 20-year bond ETF. I like it, but not where we closed that. I think we're gonna head down lower. I have this support level identified here. I'm gonna move this a little bit lower. There we go. Okay, so let's just call it 142. As a matter of fact, I'm not gonna use the monthly chart to set my alert. Let's go to a weekly chart. I have one alert already set. That's like a tripwire alert. Let's set up another one at my ideal entry point and that's at that 142 mark. I'm gonna leave a bit of sensitivity on here. So we don't have to be spot dead on, could be 142.10. Doesn't have to be dead on accurate. And we're gonna keep this active for about 10 days. So I wanna know if we touch, bounce and in fact, do we break that support level at around 142 because if we see a pullback in bonds, there's going to be an effect in the stock market, particularly technology, particularly small caps because rising interest rates, remember TLT goes down, interest rates go higher, technology stocks, small caps do not like that. So if we gap down, that means there's gonna be pressure on technology stocks, small caps and you're gonna see money move into the TLT. So that's the strategy. I don't plan on having this as an investment, but if we begin to see the markets break, I'm gonna lean into the short side on the market, I'm gonna buy up the TLT to park some cash and then as we go into free fall on this market and Vic spikes up higher, then when there's blood in the streets and everybody's getting calls by their brokers to cover their margin debt, not me, I'm gonna be buying. So that's what we do here. We're looking for forced liquidation by some that we could take advantage of. So if you're on margin, you're watching this channel, you're smart already for being here, you're watching alternative media, you're not listening to CNBC and you're hoping that they're gonna tell you when to buy, sell, they're not gonna tell you when to sell this market, they're not gonna tell you the truth. What they're gonna do is tell you the obvious after the bubble breaks. They're gonna say, wow, look at this, gee, the market's in free fall. Did you know that there's record high margin debt? Did you know that the small caps on a price-to-sales basis had never been this expensive? Did you know that call option activity, which is a sign of speculative mania is at all time record highs even well beyond the 2000 peak? They'll tell you that after the market breaks. I'm telling you now, get ready, buckle up, subscribe to the channel, please. Give us a thumbs up, share with a friend if you like them. Let's get prepared. So that's what we're doing right here right now is we're prepping, we're prepping for the market correction. What do we think is gonna do well if the market breaks? Cash for short-term, long-term bonds, TLT, 30-year bond debt, short-term only though. Then when the market begins to bottom out, you're gonna see money rotate out, then go into emerging markets. We're not ready to talk about that yet. Emerging markets and high-quality blue chips. All speculative stuff is gonna get taken to the woodshed. Beware. So TLT, we have our alert set here. Let's take a look at it on a daily timeframe. Note how we broke support. Here's the automated trend lines on Trendspider. All right, you click a button, note there's no trend lines here and there you go, we broke support. That was your sell signal. Actually, your sell signal was up here when we rallied up to this upper band of resistance within this descending wedge formation. So I don't think we're done going down yet, but we're close. Maybe another 3% to 5% on the TLT. Now the next chart that I like, this is a monthly chart of EYE, National Vision Holdings, Inc. Now some may be looking at this chart saying, wow, Bob, you have a lot of topping action on top of these monthly candlesticks. You worried about that? Yep. Yeah, man, I'm worried about that. We still have a few trading days left to the month, but this is one gorgeous candlestick here. We have not put in a new monthly high yet, but we certainly do have a support level below at 45.85. Now at current, we are above resistance, which was resistance in November, the highs of November at $50.19. Okay, where to from here? Let's drill down to a weekly chart. Now the weekly chart is both bullish and bearish. It's bearish in the sense that I don't like the volume. Right, volume is declining. Ideally, you'd have the opposite here. You have rising volume bars. We don't have that, but otherwise absent that. I like the fact that we held the breakout. We broke out the week of February the 8th. Last week, we pulled back and retested, and we closed just off the highs of the week. Very, very attractive. So I like this. Now when you drill down, actually before I go to the daily chart, I want to bring up the automated trend lines here. The one caveat, I view my main role is to point out risk, not point out hot trades. So leave that to somebody else. Now, if you're long over this, just keep in mind, before you go getting aggressively long on a new weekly high, if you're momentum trading, be aware that you have resistance right up here at around $52.70. So there's no reason on a new weekly high to get overly aggressive here, unless we see volume pick up dramatically to the upside, daily chart. Now the daily chart is very constructive. I really like Friday's price action. I'm not fond of the volume action, but I'll accept it. What we did here was we broke out on Friday, and if you're looking for a good risk reward entry point, and I do send out trade alerts to members, when we buy, add, sell, touch, bounce, I'm gonna leave very little sensitivity here. Just in case we have a rough open on Monday, if we get a pullback and a retest of support at 51.34, interesting point to open up a position. Okay, so our alert is set. Now, another thing to keep in mind is take note of the fact that we consolidated for several days, and then the market sent us a signal. This is a feature called raindrop charting, and I use this to identify potential changes in direction. Now, for those of you familiar with regular candlestick charting, you've heard of a doji star formation. That's a sign of indecision. It's very similar to what you're seeing here on the raindrop chart. They're a mixture of candlestick charting and volume-weighted moving average, VWAP. And when you get this blue raindrop, that's akin to being a doji star formation. That however is, and this is the value, we broke down on Thursday of last week. We closed down on the day, yet we flashed a blue doji. So I wouldn't have gone buying here on that blue doji, but it certainly had my head up for a potential reversal, and we got it. So another tool in your toolbox is the raindrop charting, and this is proprietary to Trendspider. So, EYE looking very good into the new trading week. Next PER, this is a semi-play. Now, take note here of how we broke out above resistance in December. We've been consolidating, and this month, we are very, very close to a closing breakout. 20 to 21 marks the spot. Take note of, and here's the value of the automated trend lines. Take note of this descending wedge formation, the lower band in blue, upper band in red. Let's take them off. All you need to do when you analyze in this chart, back then, let's click a button, and there you go. So you would have been told back here in July that we had a breakout. You could have set an alert up here on a breakout. I digress, okay. So, let's go to a, before we leave here, take note of RSI looking very, very nice. Trending higher. Weekly chart, now on a weekly timeframe, we're just consolidating here. I'm not seeing a compelling reason right here, right now to go buying, but it's looking very constructive. Daily chart, now on a daily timeframe, what happened on Friday was that we, let's take these automated trend lines off, as they can mess things up sometimes. We broke out, okay? Very good setup here, but now let's reintroduce the automated trend lines. And here you have it, right? So, we don't want to go buying right here right now because we have resistance immediately above. What would be good is if we have, again, a rough start to the week on Monday and we get a retest of the breakout point. And folks, five minutes after I set this alert, I'm not even gonna think about this chart. Why? We need to use the alerts. It's a rules-based approach to our trading. If this, then that, meaning, if we get a pullback and a retest to support, which I'm setting up for, and it holds, then it's worthy of our time to pay attention to it and potentially open up a trade, assuming that we hold the retest of the breakout point by the end of business on Monday, Tuesday, whenever it gets fired off. So, we're looking very good here. I'm worried about the overhead supply here, bit of resistance. I do really like this raindrop chart. We did break out as well. We have a validation of the candlestick charting along with the raindrop charting. So, XPER looking very, very good. I think that we're gonna get, assuming that yields pull in and technology does not sell off. Technology was down last week, but the semis were still up. Assuming that we hold the support levels here, I think that we're going to move up higher. Watch bonds, watch bonds, watch bonds. If you have yields creeping up, you may want to stay very, very small with some of your long trades. Ruger, Stroman Ruger, Gun Company. I'm reluctant to talk too much about politics on YouTube. I'm probably gonna be setting, I already have it set up. I just don't use a channel on BitShoot. And I believe that Odyssey is going to have a streaming service as well soon. Where I'll probably break out shows that talk more about the political aspect of the markets. But I'm reluctant to do so here on YouTube. So, stay tuned. I'm gonna post a link down below in the video description area for our Odyssey channel. Excuse me for hitting the microphone. Our Odyssey channel and our BitShoot channel. And we're gonna have unique commentary for those channels. Right now they act as mirror channels for what we're posting on YouTube. So more to come on that in the future. But Stroman Ruger, I'll leave the politics behind, but you could use your imagination. The second amendment is under threat. And Stroman Ruger was rallying into August then it's sold off. I'm rather surprised it didn't rally on the election news. Maybe there was a fear there's gonna be an outright ban on guns. I don't know. But it looks as though they're working through those fears because last, so far I should say, there's a monthly chart. Thus far in the month, we are holding a breakout above a volume shelf right here at around, let's call it $70 per share to simplify it. Weekly chart. And you can see last week on the weekly chart, we broke out very, very nice. This is very powerful. What I wanna do here is I wanna create an alert. I wanna know if and when we pull back and do a retest. And there you have it. Set it and forget it, daily chart. Now, I pointed this out earlier and I'm gonna point it out again because it's an invaluable tool. And that's the raindrop charting. Take note of this price action on the 17th of February. It was weak several days prior. It was weak on the 17th. The however is we flashed a blue doji. What happened thereafter? We started to move up higher and in fact, we broke out. Beware the blue doji star folks. It's very powerful. Excuse me, I keep doing that. Beware the blue raindrop chart, okay? Sorry, Jake and Dan over transpider for bastardizing. At your invaluable product. So what I wanna do here is I wanna set up an alert right here at the top of this volume shelf at 72 bucks a share. I don't wanna know if we break out. No sensitivity. All I care about is if we close above it because that means it's gonna be game on for RJR. All right, so we're good to go here. So we have one alert set on a retest of support. Doesn't have to be exactly on the button of where support was in the neighborhood. At around $70 per share. Then we wanna add more on a breakout above $72 per share. So it's an if this, then that. If we pull back, we open. If we break out, we add more. If we fail to hold this support level, we bail. Simple as that. That's why you need to use your trade alerts. Last chart up is going to be, we'll go over two more, Microsoft and Boeing. Let's go with Boeing first cause it's a long trade. I wanna short Microsoft. We'll talk about that in a moment. Now on Thursday night stock charts live, which we do on YouTube, I was asked to go over the chart of Boeing. And I pointed out that on this monthly chart, we have a cup with downward sloping handle forming. We broke out on Friday. We have resistance to 223.83. Take note of your RSI, which is rising. Now why is Boeing rising in the face of rising inflation? It's because the markets are pricing in, especially the transportation sector, economic growth. I don't personally think there's gonna be much, but we'll wait until the GDP numbers come out. And of course earnings for the next quarter, weekly chart, but the market is convinced right now that yields are rising due to economic growth. Why? Because we're printing more money. It doesn't make sense. So the more money you print and the more money you take out of the economy to redistribute to others who are not performing. I'm not talking about those who are in dire need of help. I'm talking about those that wanna sit at home, play video games in the mom's basement rather than going to find a job. Those people are a giant sucking sound of innovation out of the economy. So Boeing is poised to rip here. In fact, we are right at the near a volume shelf at 218.61. So we have a couple of alerts already set here. I'll set up another one on a breakout, no sensitivity. And we'll keep this active for about, get you spelling right Bob, for about two weeks. And we're good to go. We have multiple alerts set up here. We're good to go into the new trading week. The last chart we wanna go over is Microsoft. And let's pull back to a monthly chart first. Now, Microsoft on a yearly basis and on a quarterly basis has RSI roughly 94. So it's had nosebleed overbought levels on a yearly and quarterly basis. On a monthly basis, we do have a new monthly high, yet we're fading somewhat. So we are in an ever tightening, ascending wedge or triangle formation, call it a cupcake, it doesn't matter. It's a consolidation range weekly chart. Now take note of what happened last week. We had broken out the week prior, last week breakout point failure. Or it's also known as a bull trap, either way very, very bad. It was an outside reversal bar or a bullish or bearish engulfing as well. No bueno, bad stuff. So what I'm looking for here is at a bare minimum, a pullback to this support level at 236 per share. And should we break this support level? I wanna know about it. And we're gonna keep this active for about 10 days. Now, Microsoft is a mega cap, high quality, blue chip name. I am not in any way underestimating the value of this company. But on a technical basis, it's coming under a lot of pressure. It's overbought on a quarterly and yearly timeframe. And it's unsustainable, eventually it's gonna correct. More than likely what we'll do is we'll use out of the money, put options on this trade. So we're not gonna commit a lot of dollars to this. We want to respect the stock understanding that it can reverse, it can move up considerably higher if in fact yields pullback and the market regains its traction. But if yields continue up higher, Microsoft's gonna have a rough time of it, just like any other tech name. So this is one we're gonna be looking to at short of. I also wanna know, create an alert if we touch last week's very little sensitivity breakout point. Because right now you're gonna have a lot of people that don't watch charts are seeing Microsoft and they're saying, wow, look at this, a pullback on Microsoft. If I did that over the past three or four years, you can't lose money and they're right. You can't blame them. All right, so this alert here, we wanna open up a position on an apparent failed breakout, meaning we spend one or two days trying to recapture the 242 mark. Yet it's only able to do it. Then all of a sudden you start putting in new daily lows. That's pretty much of a failure. And you don't wanna get aggressively short, you wanna nibble on those put options. And then at such time as when we break this lower support level, which we already have an alert set at, then we wanna add more aggressively to the short side because that's truly a validation that our expectation that Microsoft would break support has been validated. Daily chart, take note of the very concerning rounding top here. Look at this, rounding top. And finally, we broke on Friday. Not much to talk about on this chart. I think the weekly chart is the one we really need to watch because we're not trading on a short term basis. So I'll forget about the daily chart. I'm more concerned about the weekly chart and ultimately getting that break. Let's go back to the weekly chart. Getting that break down below this support level here. So short selling is not for the faint of heart. You need to respect Microsoft. I am not knocking this stock. I have ultimate respect for Microsoft. All right, because if you're not humble, you're gonna get burned because you're gonna believe your own BS. Don't believe your own BS. Believe the charts. And folks, tomorrow night, 6 p.m. Eastern Standard Time, YouTube, join us. As we see the opening price action of the futures, there's a link below. You can enter your email address. You will not get spammed. We'll alert you 15 minutes to a half hour prior to going live. I also have a five part tutorial called Bob's Five Most Powerful Camelistic Formations. It's free. But don't enter your email address on both. Choose one. And if you're a member, don't reenter it again because you're just gonna get more spam. I send out alerts of when we're about to go live to all our email lists. So only enter your name once. Or else you'll hate me, all right? And I hate spam too. What else? Trendspider 35% discount code. 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