The SPBUYUP index has not been shown in a published idea on Tradingview before now (I checked). It is the index which tells how much companies are buying back their own stock to keep the S&P500 afloat. So if this fails, market 'manipulations' of the S&P500 could fail. Of course, this not the only thing that influences the S&P500 but it is a significant marker of...
This is a nice case study in the usefulness of mating momentum indicators (if you could call averaging out candlesticks a la 'Heiken-Ashi' an indicator...). 'Heiken-Ashi' translates to 'average bar' in Japanese, and aside from being aesthetic as hell they're also a great way to cut out noise. Since the Heiken-Ashi candles are formed from an average of the...
If you already understand how this works, skip through to the scripting for a deeper look into the in-script back-tester. Enjoy the video and don't forget to like!
As all can see that 10 yr yield broke out of the long term trend line, and it has completed the double top. My hunch is it will come back to retest the trendline around 2%. That is the flight to safety. We can see that in 2008 what happened when 10 yr yield sharply dropped, equities dropped more than 30% in a short period of time. All in all, short bond is a...
When we look at correlations in charting, we sometimes see certain #FX pairs are correlated to a #commodity or #index, in this instance I am giving you an example of #EURNOK vs #UKOIL #BRENT. These charts can help you make distinctions in the trend of the commodity, so when we see a #bullish EURNOK, you want to be looking a trades that are bearish Brent/UKOil,...
RSI is the easiest and the most simple to read indicator in lifetime. When RSI is approaching a 70-80 zone, you have to be extremely aware of shorting opportunities. If market was an electric water heater , you should understand, that it can't go higher of boiling temperature or it will explode. Anyway outcome is a drop and if RSI reached 80 , drop will be...
I think we might be about to see deleveraging in the market, judging by the action in the yen, together with Gold rising on falling $VIX, while $SPX peaks, but fails to advance further after $VIX fell slightly. I suspect mid term election woes plus all the barrage of bad news related to trade wars and other topics might push investors into cash. Personally I've...
Similar to dividend yield price:earnings (P/E) looks at the profitability of stock shares. A high P/E ratio means that stocks are becoming less profitable which indicates that they are overvalued. When the market becomes overvalued it is a sign to attentive investors to stop buying and think about closing positions. The more a market heats up, the more the...
Before playing that video, be aware that I'm a very agressive trader, which means high level of risk into trying to copy my trades. The quality in those videos comes out of their content, not just following blindly. I'll be trading this with low leverage as this is highly speculative. So please don't just follow blindly but just take the educational content out of...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that...
Overbought oversold signals are pretty important when entering a trade, i mostly use it to decide on the position size. but, it can be seriously misleading in strong trending markets and cause massive losses when used alone. you can see the massive rally btw 1997-2000 after RSI signaled overbought and kept making new lows...
Understanding and having a basic expectation of how the market tends to move is important not only for traders, but for investors too. If you get in too early, you suffer unnecessary drawdowns. If you get in too late, you will either suffer losses, or miss the train. In trading and investing, there is more than just entry and exit.
The odds are lining up against the bulls. They may see a holiday cheer with a kiss of 2600 if lucky. However, the pullback from 2597 is incomplete and Bears are preparing for their feast. Continuing last week's issue the pullback is underway for an eventual total of 2-3% from the 2597 peak. Elliott wave count, a Fibonacci level of 1 from the the 2/2016 low, a...
Time for a pause of the upward trend while the Bears to welcome cooler times. Their romp will be brief, but I expect their volume to be loud. A pullback of 2-3% has been long anticipated and is finally here. For the Bulls it provides a breather before the next advance. A much larger tussle is ahead in Dec/Jan. For now, there is something for everyone.
If you look at SKEW and VIX and combine both indicators, you can clearly see draw downs coming.