Recent Top Calls by Mike Paulenoff

Back on June 17th, this is what we discussed about the TLT (20+ Year T-bond ETF)when it was trading at 112.53: The TLT put in a big upside reversal day yesterday (6/16/22) from 107.80 to 111.72, closing RIGHT AT the High of 111.72, leaving behind a Bullish Engulfing Candle on my Daily Chart (not shown here). The last time TLT traded at 107.

On Friday June 17, Mike Paulenoff posted an alert to MPTrader members about an emerging setup in AMZN: AMZN is one name that pops out at me that should benefit from an initial and sustained correction in traditional energy and transportation costs. AMZN needs to climb above and sustain 110 for my work to generate a more confident technical signal, otherwise, I cannot rule out another loop down that tests and breaks key May-June support at 101.26 to 101.

Last Wednesday, prior to the official FOMC rate hike of 75 bps, Mike Paulenoffwarned MPTrader members about the likelihood of additional weakness in the beleaguered home builders, writing about the ITB (iShares US Home Construction ETF): In that, neither my pattern work nor my intermediate-term Momentum gauges offer much technical confidence that ITB will be able to carve out a meaningful corrective basing area in and around 53.

Back on May 13, amid a thrust in the price of Crude Oil from $95/bbl to $112/bbl, Mike Paulenoff alerted MPTrader members to an actionable technical setup in energy producer PSX (Phillips 66), writing: My work has been extremely friendly since the beginning of May, looking for PSX to break out of its 11-month corrective accumulation pattern that will trigger a thrust towards a potential target zone of 110-115.

On Thursday May 19, in the midst of some serious weakness and carnage in the retail sector that had equity market-watchers doubting the resiliency of the almighty US consumer, Mike Paulenoff turned MPTrader members attention to PARA (Paramount Global), writing: For the past 5 months, we could make the technical argument that PARA has carved out an accumulation-base formation that attracts buyers every time the stock dips beneath 29.00. We can also make the case that every time the stock climbs above 36.

On March 11, with AAPL in a month-long down-leg and trading at 156.34, Mike Paulenoff posted a relatively bullish analysis for MPTrader members, writing: I am watching AAPL more closely than usual these days, as a bellwether for the health/vulnerability of the overall market.

Back on March 1, 2022, Mike Paulenoff posted a technical heads-up about JPM for members of MPTrader.com, writing: JPM has broken down in glaring fashion from a 12-month Top Formation that my pattern work addressed four weeks ago in case JPM sustained beneath 139-140. Todays low at 134.15 violated my shallowest target zone of 135.50-137.50, and points next to 128-130, with an outlier target zone in the vicinity of 115.

Last Monday morning, May 2, as the equity market careened to the downside ahead of Wednesdays FOMC meeting and the prospect of the biggest rate hike in decades (50 bps), Mike Paulenoff alerted MPTrader members to a potentially significant developing technical setup in AMZN, which had hit a new 13-month low. Mike wrote: AMZN pressed to a new corrective low at 2367.50 this AM, a full 37% beneath its ATH.

On Thursday, April 14, Mike Paulenoff cautioned MPTader members about possible near-term upside exhaustion in YIELD and downside exhaustion in longer-term bond prices (and the TLT), writing: 10 Year YIELD spiked to a new multi-year high at 2.84% today, but Daily Momentum remains well below yesterdays Momentum high, which is our first indication that perhaps the vertical assault in benchmark YIELD is nearing upside exhaustion.

JPM (JP Morgan) reports quarterly earnings this coming Wednesday during pre-market hours. Investor reaction to this particular report is positioned to have a significant influence on the price of the stock. JPMs outspoken and high profile CEO Jamie Dimon already has warned us that changing (i.e.

On Monday March 21 Mike Paulenoff posted a bullish alert onMPC (Marathon Petroleum Corp) to MPTrader members, writing: MPC popped out of my research over the weekend largely because its technical setup argues that all of the action off of its February high at 81.39 (see my attached Daily Chart) has carved out a high-level bullish digestion period and pattern above 72.50, and if preserved, projects to a thrust into a new upleg above 81.39 towards my next optimal target zone of 88 to 92 thereafter.

After a series of 13 chart posts dating from January 10 introducing MPTrader members to the bullish intermediate-term technical set-up in the industrial metals sector, Mike Paulenoff issued a warning signal to MPTrader members this past Thursday about XME (SPDR Metals and Mining ETF). With XME trading at 61.85, up from 45.

During the past 4 weeks, Mike Paulenoff has frequently updated and posted his chart analytics of Facebook (FB) ahead of a potentially rewarding near-term buy signal as the stock searched for a significant low in the aftermath of its disappointing February 2, 2022 earnings report. FB initially plunged from a 332 high just prior to the report to the 215 area days later, but then proceeded to stair-step still lower to 184.

Two weeks ago, in our Top Call piece entitled, Calling AAPLs Twists and Turns, we highlighted Mike Paulenoffs warning that as goes Apple, so goes the market. We also noted that despite what looked like a significant corrective low and upside reversal in AAPL on Thursday Feb 24, Mike was warning MPTrader members to stay nimble despite an apparent near term upside reversal in AAPL.

At the beginning of last week, days prior to Thursdays early morning Russian invasion of Ukraine, amid an equity market that was in the grasp of a sharp, relentless correction, Mike Paulenoff focused MPTrader members attention on the technical setup unfolding in AAPL to help determine if investors needed to ratchet up their concerns about overall market instability into crisis management mode.

Back on January 10, Mike Paulenoff posted the following bullish chart commentary on XME (SPDR SP Metals Mining ETF) for MPTrader members: Anyone thinking that over the upcoming 3-5 year time horizon that 1) Oil is heading higher, creating pass-through price pressure... 2) inflation will be problematic... 3) Demand for industrial metals will be intense as the globe goes green ... 4) and the demand for these metals will cause shortages that put even more upward pressure on prices... should consider parking some funds in XME.

Last Monday afternoon (Feb 7), Mike Paulenoff alerted MPTrader members to a latent technical breakout in the bullish energy sector. Mike wrote: VLO (Valero Energy) is an energy (Oil Refining) name that appears to be accelerating into a new upleg to play catch-up to the likes of other sector (Drilling and Exploration) names such as HES, XOM, and MPC... Now 80-85 represents powerful multi-month support juxtaposed again upside potential to 105-108... Last is 89.08/09.

Back on January 10, Mike Paulenoff alerted MPTrader members to a developing macro market setup that could provide a directional opportunity longer-term in the widely held interest rate ETF, the TLT (20+ Year T-Bond ETF). Mike wrote: Jay Powell will appear before the Senate Banking Committee tomorrow morning to attempt to secure his renomination as Fed Chairman right as the TLTs are bearing down on a 6-month support plateau in and around 141.

This past Tuesday, January 18, Mike Paulenoff alerted MPTrader subscribers to a developing breakdown in the Russell 2000 Small Cap ETF (IWM). Mike noted that his Point Figure chart exhibited an ominous topping formation that threatened to send the IWM nearly 20% lower (downside target near 170) if the Small Cap ETF, which was trading at 209.39 at the time, violated its support plateau and printed 207.50.

It all started back on September 13, 2021, with a potentially bullish technical signal in Mike Paulenoffs work on XOP (SPDR SP Oil Gas Exploration ETF).