 Hello everybody, this is Swing Jam and today I'll be doing the weekend review. So the first talk I'm going to be covering is ASAN I really like this setup. We've seen a basing pattern down here We had a rally basing pattern and now this is the third basing pattern setup We have a really nice tight consolidation and it looks like we're about to you know break out of this rectangular box You know volume starting to pick up again We had a very low volume candle right before the expansion move and it was an inside candle The moving average of the 20 SMA continues to hold and we finally broke above the month-to-date Anchored view up. So I think this is a very good risk to reward trade set up here Could have a stop of around 2 to 3 percent and look for anything for 10 to 30 percent gains So further support levels would be 112 and the take profit area would be the 150 and the 162 Next is ASYS. I like this one a lot because it's forming a very nice You could say it's a cup-and-handle pattern, but regardless, it's a nice kind of flag pattern made a nice rally We had a very tight consolidation staying in the upper, you know 70 percent of this candle on Friday 10 29 2021 The reason why I like it the most though is because it has a very low float of only 8.3 million shares That allows this stock to be able to move very quickly the market movers don't need a lot of Capital or you know ownership in the stock to make it have drastic moves if we go the monthly It's very very choppy and whipsaw. But we could get above this 1544 level There's a good chance. We know we rally straight towards the 1988 level It also has an earnings report next week on the 17th So it has a potential catalyst to break this level and see continued upside Finally, it's in the semiconductor industry which has had, you know Probably the best relative strength compared to all the major sectors in 2021 Further support levels would be 1078 and 1254 and really there's not that much resistance on the monthly timeframe as you could see these volume nodes are very small Until we hit that 1988 level Next is BLDR Pretty sure I cover this in the last video We saw a really nice pop-up and we have a consolidation a very very tight range here I really be looking for a breakdown and hope that we get some nice Continuation off this gap up really the goal is we just see it kind of drift upwards towards the 85 level That would be ideal as you could see though I had a really nice cup and handle base and we held all the moving averages and we're seeing continuation Ideally we consolidate in this range until the eight SMA catches up to price maybe even 20 SMA and then we start the next expansion move Further support would be found at this purple box at 5487 and like I said the resistance is around that 8085 level Next is DBA I thought this was very important to cover due to the long-term breakout We finally see of this trend line, you know, it broke the trend line back in May But we've really just been consolidating and we finally broke above this key resistance level old support becomes new resistance And we finally got a weekly close above The only thing I would say is that the weekly Sorry, this is a monthly volume The weekly volumes in my opinion a little low for this type of candle I think it should have been close to the 8 to 10 million range But it's still in my opinion enough to justify a breakouts in continuation. This is the agricultural ETF So I'd be focusing on names within the sector to be playing to outperform the ETF Good example that quickly is CF. It's a leader within the sector and it's setting up pretty nicely on the daily time frame Further resistance levels for this ETF would be here 2098 and 2196 we do come back within the range the support levels I'm watching are 1934 and 1843 Next we have Dhi I'm a big fan of this one. I covered this in the last Video as well. We had the nice set up here. We saw a bunch of bull flags Across the weekly time thing. We have one two three four We usually get a little consolidation For the rally and we're kind of seeing something similar We are gapped up into this resistance supply zone and you know not very surprisingly We kind of consolidated within this zone I think we will see a breakout going into next week and we probably will test this the end of this box here Near the one oh two one oh four area We are seeing that this sector residential construction also has a lot of relative strength And if you look at X HB, which is a spider home builders ETF You could see that we're breaking the local resistance high here at 79 14 And we're holding the moving average very well. We go to the monthly time frame red fresh all new All-time highs and this was a very nice basing pattern. So it has a lot of room to continuously run Next we have DNN Dennis and mines this document covering a lot really since the March April area We've had a long-term consolidation. We've finally been able to see some, you know higher highs and higher lows We did not get a retest of this 149 level, which is actually pretty good Right now I'm really just seeing if the sector can hold its area right here and continue to rally if you look at URNM we see a very similar thing nice cup and handle really needs to hold this base area The 8 and 20 estimation act as support and we're ideally looking to rally to at least the 110 area The two best stocks in the sector are UEC and LEU so if you can concentrate your capital into these two stocks, I highly recommend that but DNN is my Personal third favorite and I do have a large holding in this company The next stock is DOYU. I really like this name I posted a chart on Thursday in the swings chat I saw a penny stock trader also posted this going into the Friday session The reason why I liked it a lot is because I'm seeing the sector as a whole has a lot of upside Really nice a basing pattern down here and I had a nice gap in go in the Thursday session So I think we'll see some nice continuation into the ER I'm looking for a quick move into the supply zone before the 16th Support would be 388 and 321 while the resistance is 425 Longer-term resistance would be seen over here in the 719 level This aligns up with the 200 SMA on the daily time frame and the year-to-date anchor view up So my draw box here is a very important long-term resistance area for DOYU Next is EMPH. This is a solar company. I covered this in the last video Saw some nice continuation in the past two weeks I was hoping we get a better close on Friday But I think this is going to be another case of an earnings post drift gap up Essentially what that means it had strong earnings and it just kind of drift upwards for the rest of the quarter I think this is a very likely situation and we could see a lot of rotation coming into the solar industry now So I think we'll continue to see this trend and I think TAN will at least test this 102-92 level so poor levels for EMPH is 2295 and if we set a fib from the range we see that the first Fibonacci resistance is 262-66 Next is FCX. This is the number one copper miner stock that you can hold from a market cap standpoint And it's just the leader of the sector. This will usually outperform the spot price of copper We did break out of this nice range and now we're holding the 61.8 so as long as this fib can hold I think we'll get continuation To the 44-81 level if not it will come back and retest this Support level at 39.50 and I think that opens up a pretty good buying opportunity Assuming we do not form a pivot pattern Next is GDX. I'm a big fan of this one. I've been covered a lot in the stock swings I was talking about it down here where it could potentially form this inverse head and shoulders It undercut my level slightly, but it did end up rallying and now we're above the 200 SMA in the year-to-date Anchored VWAP and we're now we're holding this major fib from the Post COVID rally high into the COVID low so I think as long as GDX can hold this level I'm going to remain bullish on the major factors. You're looking for is Dixie's. I'm going to quickly pull it up here on First I guess I'll just cover GLD spy Gold relative to spy seems to be in a good area to bounce So this is actually bullish for gold or in some pretty good support level This is when the ETF is first created and we can kind of get a first reference of this ratio It is pretty undervalued or very weak towards S&P. So if you rallied here, it'd be a very logical place Now going to DXY. This is just the US dollar and we're seeing that we saw a nice inverse head and shoulders and we finally broke the key resistance level at $94 we were about to enter the void area Which is really just an area where price can cut through very quickly But we use that area as support instead and we start rally It looks like a very bullish chart here for DXY and it's not something I'd really be looking to short or be bearish on Until we see this 94 level get broken Next thing you're really looking at is TNX Sorry TNX the 10-year treasury yields There's really not much else here look at besides that. This is a potential head and shoulders It looked like it failed found support near the 200 S&A and is rallying So this were the case you would see a lot more rotation Into small cap stocks and in my opinion regional banks regional banks are setting up very nicely So as a hedge towards a precious metals long holding one or two banks in your portfolio is a good idea my opinion Next is GGD.TO Go Gold Resources. This is my favorite small cap gold miner just due to the immense relative strength It has compared to the rest of the gold miners We're at new all-time highs here. Very nice cup and handle setup You could even say this is just a nice consolidation basing over the last consolidation But as you could see to have you know immense relative strength and we had that COVID pullback I mean this stock was barely affected. So I think this is a very good long-term hold I think four dollars is very much in sight if GDX can hold its current levels Next is IWM. I think we get a pullback into the 233 to 229 zone I think it's a very good buy. I think we rallied to the 250 level Something to note is that from the COVID high the COVID low We were very very close to testing that 200 of fib and we started retreating So now we're starting to see the moving average is starting to catch up back to price And we formed a double inside candle setup. So on Monday or Tuesday by the latest I'd expect a big expansion move again the double inside candle setup is pretty much like a coil You know as it squeezes more and more it gets tighter and tighter and when it expands it releases more energy So that's basically the two inside candle setup is and I'd expect an expansion move by Tuesday Sometimes Mondays are a little lighter trading days So now turn around Tuesdays are usually the biggest moves occur on Tuesdays and they usually are reversals So I'd be watching for that Next is Joe. This is a the coffee ETN There's really no charting notes you really need to see besides the monthly we're gonna get a really nice breakout On the weekly very strong candle volume is a bit low But the candle is very strong and if we go the daily we're breaking these local highs at 58 71 So again, this is another agricultural stock that you know somewhat related to DPA We're seeing breakouts across the entire board So it's a very bullish sign and I'd expect a lot of relative strength within the second Next is KL. This is Kirkland gold One of my favorite gold miners my favorite sort of mid to larger cat miner As you could see that was saying if we get into this area, it's gonna be a very good buying opportunity We held the ink and view up and now we started to rally back to 45 51 I had a good close and the regular actually did not have a good close in the regular data I thought it would close closer to 45, but it did not do so. This is actually a pretty bearish candle It did have more volume than Thursday So we would really need to hold this 20 SMA here It also is the old resistance of this range So if we do not see a hold there, it definitely will fill the gap and probably come down to 42 76 level But this should highly correlate to GDX holding this area here at 33 78 If we break through this 45 11 level this first resistance at 47 34 The next area would be 49 30 and then this support resistance level at 51 34 Next is KRE very briefly covered this, but there's really not much else to cover Held up very well when TNX got a smash to that either the heading shoulder setup very nice high and tight range I really like the setup if we hold the 8 SMA don't see why he would not rally to $80 Could even go further than that and we finally broke above the march eyes So as long as we hold above that level it's looking very very bush Next is MGY nice XOP setup here. This is not obviously XOP. This is a stock within the ETF But very nice bull flag setup here. Ideally we get a tap of the 50 SMA that would open up to a very good entry This is it has a lot of relative strength, you know over its, you know, 2019 highs Forming really constructive basing patterns and it's a very easy stock to trade it trends up very nicely It's not that volatile, but it will give you good enough gains where it's worth playing, you know, not options just, you know, the regular shares So I'm highly interested in this one to follow up. I will be looking at XOP spy This is just, you know, XOP despite on a relative basis here and we're seeing that when we get into this resistance zone We kind of start consolidating but it's also forming a bull flag So I think we will see a break out of this bull flag will enter this purple zone This is a zone that really is a void. It's not that much resistance price should hypothetically be able to cut the zone very freely As we see back in 2020, you know, this area was cut very quickly So I'm expecting a similar type of action to occur once we break the highs of 25 cents This white area would be the longer term target as it is a very big resistance zone And this is a very good supply zone starting at 30 cents The next area, sorry, the next stock recovering is MJ. I like this one a lot There's really also not that much notes we need to have on here It's really just breaking through the key Fibonacci here at $15, which is also a very nice round number I think we'll see continued momentum here as we had a nice inside candle setup Held the key moving averages and got right above the 50 SMA So ideally once we break 1572, we're going to rally all the way to 1852 The void here, there is some high VAP levels here But I still think we'll see some nice continuation mainly due to it breaking these key resistance levels And the high volume coming in Further support would be 1408 and again resistance 1572 A more minor level here at 1715 and a much bigger level at 1852 Next is NUE, a bull flag setup starting to break out and drift upwards Moving averages are starting to curl in the upwards direction I think again, like I said in the last video, this stock will need more time to consolidate before we see a bigger move If we go back to the reference here, I think we're going to see a very similar setup to what we saw in the 0405 setup So again, another month or two of consolidation and then a rally to 160+, is what I see in the time horizon for NUE Next is SEDG, this is my second favorite solar stock Had a nice gap up in NAS and having a more rectangular basing pattern instead of an ER post drift As long as we hold the 20s9 ideally 344, we should be good On a breakout of 376, I expected a clean rally to the 400 level This stock has had a lot of time to base and you could even call this a nice cup and handle So it has a lot of technical motives to run to the 400 level Further support would be 307 And there's really no other resistance beyond 376 to 400 Next is Steve Madden, I covered this in the last video Really nice base on top of this old resistance level, old resistance, becomes new support Had a nice rally and is now forming a bull flag here As you see once the flag forms, the volume drops, which is a pretty bullish sign And the month-to-date anchor view up is holding very well as support So I think we will probably break out this level and hit 52 If we do see a close below 4862, I would probably cut my position and take my gains from this basic pattern Next is Silver, very, very key level for Silver here The 200 SMA is very, very important I covered this back in July once we saw this gap and go downwards Especially after we retested it and had a very, very sharp decline It really validated how important this level is So I'm hoping Monday or Tuesday we see a gap and go above the 200 SMA And kind of start changing the Silver and Gold narrative As you could see this too also formed a very nice inverse head and shoulders Let me zoom out to the weekly timeframe It held some pretty good support resistance levels Old resistance now becomes new support, which we found here in 1989 So yeah, this is a very nice consolidation zone Especially the first major consolidation of this basing pattern from 2016 to 2020 So I think that allows Silver to run to at least the major resistance level here at 2796 The next one will be 3405, but my longer term target is this $50 level I am pretty confident we will hit this level within the next two years Next is SLX, really not much to cover here We need to clear this anchored view up which lines up the 200 SMA in 5801 Again, I think we'll consolidate longer below this resistance level And this anchored view up from the COVID lows is becoming support again as we see Initially with support back in April and May of 2020 It's becoming support again during this consolidation So I think we'll just kind of chop here for another month or two and then we'll start breaking out Once we start breaking 5801, I think you'll see a lot more relative strength within the entire sector Next is SMH, really not much to cover here A lot of ETFs are doing the same thing, especially the major spider ETFs They're all just breaking out to new all-time highs I understand this is not a major spider ETF, but semiconductors in my opinion Are one of the most important industry ETF charts you can be looking at And as you can see we broke through this resistance level of 276 And we're holding the 8 SMA very well So as long as we go to the 65 minute, really this level here 292 continues to hold I think this is a pretty short thing to retest 310 within the next two weeks Next is SPI, you know I could see SPI going all the way down to 459 That's a 200 range from the COVID high to the COVID low Or even lower to this kind of 442 area, sorry But it just doesn't make sense to short it right now You're going to see so many, I mean I'll cover it later in the video But so many spider ETF charts are breaking out to new all-time highs So I'm not really trying to short something that's breaking out to new relative strength So what I would be doing is if you do want to short the SPI or the QQQ I'll wait till you get a double top setup, so a retest of 469 Or we get some sort of lower high setup That'll be a lot safer and a lot better risk to reward for a short Could have some nice option to put opportunities And you know make some quick gains if we get a nice fall to the 20 SMA Which lines up this area very well If we do break this purple resistance level My target would be 475 Which is very very close to the 172 extension From the September high to low Nexus 10 briefly covered this, 9191 needs to hold 102.92 is the resistance The next level above that is 123 I'm pretty bullish on the sector And I see continued relative strength Next is TNE 107 Music Entertainment Had a nice breakout of this range here We had decent fall through going into the weekend here Really once we break 950 I think we'll run to probably the 1098 level So that's kind of the move I'm targeting here This also could be considered an inverse head and shoulders And the moving averages are starting to curl upwards So it has a lot going for it This is a VUZI broke out of this nice consolidation range I think we'll have an easy test of this 200 SMA And this resistance zone Had a lot of volume going into the weekend So I think we'll see a nice gap and go situation here for VUZI Next is XLB I've been covering this ETF a lot It's been one of my favorite ETFs to kind of cover and play Really do the relative strength I'm seeing a lot of the individual industries within the ETF Especially chemicals Chemicals in my opinion are the leading industry in this ETF And it's what's producing a large majority of this gains This resistance level is the key one to look out for We broke it, we back test a level and we rallied We hit the 90 level which is my short term target From here I'd be kind of looking at longer term fib levels Which they don't even show up on the chart I think the 94, 32 is the next fib Major fib, so I'll be looking out for that Additional support would be again a back test of 86, 69 Or a retest of 82, 93 Next is XLI Looking very similar here Nice bull flag setup We hit a resistance, I thought we might come into the support zone We didn't end up getting that deep We had a nice little consolidation here Now we had a gap and go The month that it anchored view off is now curving upwards And holding as support Which also lines up with the old all time highs So as long as we can hold this area I think a rally to 108 to 110 area would be very likely So again if you look at the weekly This is not a chart I really want to be shorting And it's a very very nice bull flag setup And that's it for the weekend review So I hope you guys enjoyed the video I hope you guys learned something I hope you guys have a great trading week