LHSW Draws Heavy Volume as $1 Level Comes Into Focus

 

Above is a daily chart of LHSW, and what immediately gets my attention is the sheer volume that came through today. For a stock with such a short trading history, today’s action was a clear outlier. More than 27 million shares traded, easily the heaviest volume this name has seen so far with the stock closing higher on the day finishing up 53%. That combination of elevated volume without a sharp selloff is something I always pay attention to, especially in lower-priced stocks where momentum can build quickly once interest shows up.

From a technical perspective, the $1 level is now the key area I’m watching. A move through that level tomorrow could be important, not just psychologically, but technically as well. If buyers can push LHSW over $1 with conviction, there’s a good chance that momentum carries it right into the downtrend line shown on the chart. Even better would be a clean break of that downtrend line, which could signal that the character of the stock is starting to change, at least in the short term.

One thing worth noting, and something that still amazes me, is that some brokers are restricting trading in this stock. From what I understand, Schwab won’t allow online orders and requires you to call in the trade. It’s hard to believe that in this day and age, with everything electronic and instant, investors are being asked to place trades over the phone. If you’re interested in trading LHSW, it’s probably a good idea to check with your broker ahead of time so there are no surprises if momentum really starts to pick up.

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Cashing In on the 6-Day Cycle: Taking Profits and Waiting for the Next Setup

What a great trade this turned out to be. Last week I highlighted the 6-day cycle rhythm that has been clearly pulsing through this market, and it ended up playing out almost textbook. I’ve learned over time that when a cycle aligns with a well defined channel, it often creates a low-risk, high-reward opportunity. That was exactly the setup we had, and it was one of those moments where patience and structure really paid off.

When I initially wrote about the trade, my target was fairly straightforward, the top of the channel. I wasn’t trying to be overly aggressive or predictive beyond what the chart was giving me. Today, not only did price reach that area, it actually surpassed it, which is always a welcome surprise. With that move, I decided to take action and exited roughly 90% of my position. Locking in gains is never something I regret, especially when price has met and exceeded the original objective. I’ve kept a small piece on though, just in case momentum continues and the market wants to push a bit further.

Now my focus shifts to what comes next. The next 6-day cyclical low is projected for Wednesday morning, and that’s the key timing window I’m watching. Ideally, I’d like to see a controlled pullback into that window, potentially down toward the $9 area, which also happens to be the prior high. Former resistance turning into support is exactly the kind of behavior I want to see if this market is going to stay constructive.

If we do get that pullback late Tuesday or early Wednesday, I’m not interested in guessing. I’ll be watching closely for confirmation. A break of a short-term downtrend line, a bullish engulfing candle, and, most importantly, improving relative strength would all get my attention. Until then, there’s nothing to force. Trades like this work best when price, time, and structure all line up again. For now, I’ll stay patient, manage what’s left of the position, and let the market show its hand.

If you’d like to see the original analysis where I outlined the 6-day cycle and channel setup ahead of this move, you can read that post here.

Red Mondays and Green Tuesdays: A Strange Rhythm in Cannabis Stocks

 

Well, today turned out to be another red day for MSOS and the broader cannabis space, and it’s starting to feel a bit repetitive. Over the past few weeks, a clear short-term trend has emerged that’s hard to ignore. Today marked the fifth consecutive red Monday, with MSOS closing below the open once again which I've highlighted on the chart. That kind of consistency isn’t random, even if the reason behind it isn’t perfectly clear.

If I had to speculate, part of it may come down to expectations heading into the weekend. Cannabis stocks are extremely headline driven, and traders seem to go into Fridays hoping for fresh regulatory or political news to drop over the weekend. When Monday rolls around and nothing materialized, enthusiasm fades quickly and selling pressure takes over. Without a catalyst to lean on, the path of least resistance has simply been lower on Mondays.

What makes this even more interesting is what’s been happening the following day. While Mondays have consistently been red, Tuesdays have quietly been green. The last four Tuesdays all closed above the open, which suggests that some dip-buying or short-covering has been stepping in after Monday’s weakness. Whether that pattern continues remains to be seen, but it’s something I’ll be watching closely tomorrow to see if the market sticks to the recent script.

Beyond these short-term day of week tendencies, there really isn’t much else to say right now. MSOS continues to chop sideways, going nowhere in a meaningful way. From a positioning standpoint, nothing has changed for me. I’m still holding my long position from last summer, but I’m not interested in adding here. For that to happen, I’d need to see MSOS decisively clear the $5 level. Until then, this remains a market defined by noise, patience, and a whole lot of waiting.

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PLTR Runs Into Heavy Resistance: Watching 176–178 Closely

 Above is a 2-hour chart of PLTR that includes both the pre-market and after-hours sessions and there are a few important things that stand out to me. After-hours right now at 10:30pm ET,  PLTR has rallied right back into a well defined resistance zone that I’ve marked between 176 and 178. This area has acted as demand in the past and should now act as supply. So far it looks like price is responding to it once again.

Zooming out slightly, the broader structure over the last couple of weeks still looks bearish to me. We’ve seen a clear sequence of lower highs and lower lows, which tells me the short-term trend remains down. Rallies like this, especially when they push into resistance, often turn into opportunities rather than reasons to chase strength. That’s why I’m paying close attention to how PLTR behaves here instead of reacting to the move higher.

At this point, I’m not in a position, but PLTR is firmly on my watchlist for a potential shorting opportunity. What I want to see is some sign of failure in this resistance zone, whether that’s a rejection wick, loss of momentum, or a rollover back below the prior intraday support. If sellers step in and defend this area, it would reinforce the idea that this rally is corrective rather than the start of a new uptrend.

For now, patience is key. I’m less interested in predicting what will happen and more focused on waiting for confirmation. Tomorrow morning should give us more clarity, especially with how the stock trades around this 176–178 zone once regular market hours get underway.

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Why Bitcoin’s Cycle and Weekly Structure Suggest Lower Prices Ahead

 

Above is a daily chart of bitcoin, and what really stands out to me is how well this fairly simple two month cycle has tracked price over the past several swings. When I first overlaid the cycle on the chart, I didn’t expect it to line up this cleanly, but if you look closely, the troughs in the cycle are almost perfectly aligned with key lows in bitcoin. That kind of consistency is something I pay attention to, especially when it starts to line up with the broader technical picture.

Based on where we are in that cycle right now, the implication is that bitcoin still has some work to do on the downside, potentially into the end of January. Cycles aren’t timing tools to the exact day, but they do a good job of framing expectations. When a cycle suggests weakness and the chart structure agrees, I’m much more cautious on the long side.

Zooming out to the weekly timeframe, even though I’m not showing that chart here, we are dealing with what looks like a classic bear flag. After a sharp decline, price has been consolidating in a relatively tight range, drifting higher in an orderly fashion. That’s why I’ve drawn the blue trendline on the daily chart. This line represents the lower boundary of that consolidation, and it’s an important level to watch.

If bitcoin starts to roll over and breaks that trendline, especially while the cycle is still pointing lower, that would be a strong signal to me that another leg down is unfolding. At the moment, I don’t have a position, and I’m comfortable with that. There’s no need to be early when the market hasn’t confirmed the move yet. For now, I’m staying patient, watching how price reacts around that trendline, and waiting for confirmation before committing capital.

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