Recent Top Call by Mike Paulenoff

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. Today's 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 Wednesday's 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 yesterday's 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. JPM's 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 on MPC (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.

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 184.89 on March 15 during the relentless selling pressure in the technology sector from mid-February to mid-March.

Two weeks ago, in our Top Call piece entitled, "Calling AAPL's Twists and Turns," we highlighted Mike Paulenoff's 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 Thursday's 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 S&P 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...

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 Paulenoff's work on XOP (SPDR S&P Oil & Gas Exploration ETF).

Back on November 23, 2021, Mike Paulenoff had this bullish analysis of VALE for MPTrader subscribers:    "My near and intermediate-term setup work is 'warning' me that finally, VALE has the right look of a pattern and momentum configuration that indicates it has put in a significant corrective low at 11.16 (11/16/21) in the aftermath of a 70% correction off of its 5/10/21 high at 23.68.  Daily Momentum exhibits glaring positive divergences at every new reaction low since early October.

Last Tuesday morning, December 14, Mike Paulenoff alerted MPTrader members to a bullish technical setup in UBER.   Mike wrote about the stock, which pre-market had traded down to 34.88 tp a 13-month new low before 10% to 38.45 on headlines from a UBS Internet Conference:   "My NEAR and INTERMEDIATE TERM pattern and momentum work argue that today's Bear Trap is a VERY significant low (34.88), and ends the most recent corrective down move from the 10/08/21 recovery rally high at 48.

On the morning of November 24, when the ARK Innovation Fund ETF (ARKK) was circling 106, Mike Paulenoff cautioned MPTrader members about additional downside.   Mike wrote:  "Earlier this AM, Ark Funds manager and 'guru' Cathie Wood was interviewed extensively on CNBC. Notwithstanding the fact that Wood IS 'talking her book,' she is nevertheless extremely compelling and is all about 'innovation figuring out the future,' which she says in 5 years will look nothing like the present.

Back on November 11, after Walt Disney Company (DIS) reported earnings the previous evening, Mike Paulenoff cautioned MPTraders about more downside for the stock:   "DIS disappointed in a big way, sending prices reeling beneath the lower boundary of its 7-month sideways trading range at 167-168, into the 164 area so far, with my optimal next lower target zone from 158 to 151, within which I will be looking for signs of downside exhaustion (last is 164.92/99)...

One week ago, on Monday morning November 15, Mike Paulenoff posted the following alert for MPTrader members about HD (Home Depot):   "My attached Big Picture Daily Chart shows that all of the action off of the 10/27/21 ATH at 375.15 into last Fri's close at 372.63 exhibits the right look of a high-level bullish Pennant or Flag formation atop the upleg that started at the 10/10 low at 324.16.