SPX
I would prefer to see a quick lower low and a reversal for the cycle low.
But if we can close a daily candle above the high from the 19th May, we will confirm a new daily cycle has begun.
A double bottom with the low from 23rd May would be extremely bullish in my view.
We should know in the next few days
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So far this is the only Uranium mining company I have added to my portfolio. It also doubles as a titanium mining company as well. It recently crossed it's key 200 day moving average and is still significantly below its 52 week high and has pulled back a bit today. Earning has been on the rise as well. Insiders bought over 400K shares in August and have not sold any share since. This is a good indicator they believe the stock will continue to rise.
our
Typo in the Newsletter. Thanks to our new member Mike for pointing it out. Here is the corrected High-risk trade idea:
Skywest (SKYW) – pull back long
- ENTRY PRICE: [$98.48]
- 1ST TARGET PRICE: [$102.35] – extended TARGET [$105.00]
- STOP LOSS: [Close below $95.75]
- OPTIONS TRADE – N/A
THESIS: Tight stop. This is one of the lower-volume stops we’ve looked at. The average daily trading volume for SKYW over the last year is approximately 453,558 shares, and the chart has many gaps that can help us to the upside. SO, what could drive it? Q1 2025 revenue rose 18% to $948M; net income more than doubled. Block hours were up 22%. Margins, EPS, and analyst forecasts all point to continued strong growth.
RISKS: This is one of the lower-volume stops we’ve looked at. The average daily trading volume for SKYW over the last year is only 453,558 shares, and the chart has many gaps, which can hurt us on the downside. SkyWest could face downside risks from pilot shortages, supply chain issues, and
Bitcoin Monthly Bollinger Band Update – Less Than 72 Hours Left
Bitcoin has made a new all-time high and is in the midst of working on a strong May monthly candlestick
In the most ideal scenario for a strong bullish outcome, we want to see BTCUSD close May above $112,391. This would confirm a close above the upper Bollinger Band.
It is preferable to see a close even higher, towards $113,000 to $115,000. A close too far above the upper Bollinger Band could lead to some type of mean reversion before it continues higher.
A close above the upper Bollinger Band is considered a BUY signal.
The Bollinger Bands are calculated using a 20-period simple moving average and two bands set at +/- 2 standard deviations. It is rare for BTCUSD to make a move above +2 or below -2 and requires significant strength – hence why these moves often lead to sustainable breakouts and trends.
Failure to close above the upper Bollinger Band in May doesn't necessarily mean we won't get such a move in the coming months.
Question asked by Jomy.
Sir,
Greetings
If Sagility India is in your radar, could you please give some insight about it
Thanks.
My reply and that is always for all.
1) Sagility India Ltd has a Mcap of 19,000 Cr, which goes against my way.
As soon as I see Mcap above 2000 Cr, I just skip that stock.
So you all remember, above 2000 Cr Mcap, don't ask. I don't look.
2) Sagility India Ltd eq cap is 4679 Cr.
What does that mean?
That means, if Sagility India Ltd has to bring 10 Eps, Sagility India Ltd
will have to earn Rs 4679 Cr as Np , right?
Now think when will Sagility India Ltd can notch that much Np?
5 yrs? 10 Yrs? Because as of now the Np is 539 Cr only!
To grow Np 10 times, Sagility India Ltd will have to grow 10 times too, right?
Means, Sales has to go up by 10 times, right? Otherwise how will the Np will go 10 times?
3) Remember, we are not here for 20-30% return. We want Multbaggers. Does Sagility India Ltd
fits in it? Can Sagility India Ltd give 5x -
The Copper trade (HGN5) from Wednesday is working well. My target is 495, HOWEVER, I was looking to increase my long term exposure to copper and I will probably keep it. Copper has been a cornerstone(along with gold) of my currency hedge portfolio. I believe the market is abandoning the belief that the Trump administration would be fiscally responsible. Have a great Memorial Day weekend. -Jim-
S&P 500 Elliott Wave Count – May 20, 2025
By request, here is my updated Elliott Wave count for the S&P 500
I believe we are still in a larger correction, but because the initial selloff was so sharp, we had a strong bounce first – however, I think ultimately a lower low is made as the larger degree (c) wave completes next
The trend began with a leading contracting diagonal, then a 1/2 before the largest portion of the third wave began.
The final sequence was an ending expanding diagonal consisting of five waves of abc. After the final wave v of 5, the correction began
The SPX is retesting the underside boundary to that ending expanding diagonal now
It can go as high as 6050 to touch the lower boundary of the uptrend channel before reversing
As long as a new ATH isn't made, this count is valid. Invalidation above ATH
Hello everyone,
Just sharing a slightly different post today—Slice will soon be launching a new feature: one-to-one chat access with me.
Since this type of access will take up a lot of my time, I’ll need to limit the number of people who can subscribe to it.
To be clear, this will be a separate subscription, priced higher—likely between 5x and 10x the current subscription rate (exact price TBD).
Of course, the current mentorship program will remain unchanged: same content, same frequency, and I’ll continue to respond to everyone in the comments.
The one-to-one chat will simply be for a small group of people who’d like to ask me private questions directly.
Just to be clear: I won’t be giving any buy/sell recommendations for stocks or anything else in that chat.
If you're interested, feel free to drop a quick comment under this post—I'll keep you updated on when the feature goes live!
Doesn't mean, I will not talk on stocks , but decision will be yours to buy/sell/hold!!
Maybe , talking on chat
Good morning, the gold short trade from yesterday remains on and is working(kind of) so we will wait and watch on that. The news letter will contain a detailed explanation of a potential fundamental narrative shift in gold. My next focus is Bitcoin. I believe a trade of 105,000 breaks us out of the recent consolidation pattern and suggests new highs. have a great and profitable day -Jim-

