11/16 TWTR Potential Long SetupIt's Wildcard Wednesday and TWTR is showing a potential turn for a low-risk, long entry either on the underlying stock or a set of call options with a .65 Delta or higher and 2 months until expiration. It has already tested the previous up fractal, but with a no-go on closing above. Once a market close occurs above that level, we'll look to submit a buy order. Otherwise, we're prepared for a smaller turn to the downside or a range.
Again, we need a market close above the $19.35 mark, with our trailing stop starting ~7% and closing. Happy Wednesdays everyone!
Bill Williams Indicators
USOILUsing the Bill Williams system on this one, we still haven't got a signal so we are neutral here.
As you can see there is a highlighted area. This is the Support and resistance from the daily time frame.
It looks like we got a false breakout . of course price cam back into the neutral area.
What are we wait for?
Awesome Oscillator is near zero ( At the moment yes! )
Alligator is closed and tight and inside the Fractals ( currently inside daily fractals )
Fractal is broken ( Not yet )
When do we buy?
We Are waiting for a buy fractal to form above the alligator teeth ( RED LINE ) as well as meet the needs i have listed above.
When do we sell?
We are waiting for a sell fractal to form below the alligator teeth ( RED LINE ) as well as meet the needs I have listed above.
EURCAD- The pair is being traded at 1.4838 at the time of this report.
- EUR has soared recently against other majors
-CAD has been under pressure recently in light of recent data and Oil price decline last week .
- Yet 1.485 is a strong resistance level and hard to see the pair breaking through this level.
Bearish structure may start forming, prices may break bellow the alligator.
Short setup - Swing trading
Update: TTMI Entry Points: Stock Surges 18%Since I published "picking entry points" several hours ago before the market opened-TTMI has surged to an 18% gain in today's trading.
Here is what I wrote:
The chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average .
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.
TTMI: Picking Entry PointsThe chart above is for-TTMI. I have been long this stock many times.
For stocks or assets that are trending, look for entry points along some sort of repeating cycle.
Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong.
TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's jaws, which represents a 13 day moving average.
The lower indicator on top is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-TTMI IN THE TOP LOWER INDICATOR. IT IS POSITIVE.
Also, according to Bill Williams, you can establish an entry point, again and again, with each new valid Fractal.
The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long.
But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
Conclusion, pick an entry point on a trending stock (or asset), and let the trend be your friend.
Good luck to you on all your trades. Don.
PYPL Update: What Does An Upside Breakout Look Like?I published a chart for-PYPL on September 8, 2016. I listed reasons for an upside breakout. Here is what I wrote.
I am always looking for chart breakouts -up or down.
Please consider the chart of-PYPL.
1. Buy Fractals.
2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND.
3. CHOP ZONE, below CHOP, is green, indicating up trend.
4. The alligator, YOUR COMPASS, is feeding in the uptrend.
5. The Ichimoku Cloud (black) base line and (red) conversion line are both rising.
6. Prices are above both of these lines.
7. The three indicators on top are very strong. End of recap.
Today PYPL-broke-out to the upside.
This was forecast on 10-17-2016 by all three top indicators, especially the lower top which reversed at the zero line.
The lower top indicator is a forward projection. For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-PYPL IN THE TOP LOWER INDICATOR.
IT IS VERY STRONG AND HAS BEEN FOR ALL OF SEPTEMBER AND OCTOBER.
When a stock stays on the top fringe of a forward indicator,
the chances are high that the stock (or asset) is under accumulation (because the insiders know something good that you don't know).
If this line remains on the top for extended periods of time, the price of the stock/ asset will usually rise.
Since I last wrote about PYPL-it had all of the classic signs of an accumulating stock.
May all of your trades go well. Don.
VWO: Emerging Markets ETF, Equity Weakness Worldwide?Part 3. Three days ago I published Parts 1 and 2 for the-S&P and-IWM. (2,500 stocks total).
I wanted to share with you the emerging markets.
In my opinion they are weak, trend-less with a downward bias, and the risk/ reward ratio is to the down side.
VWO-is an ETF consisting of shares in the following countries:
China 23.23%
Taiwan, Province of China 15.35%
India 12.12%
Brazil 8.57%
South Africa 7.42%
Hong Kong 5.80%
Mexico 4.46%
Malaysia 3.92%
Russian Federation 3.91%
Thailand 2.99%
Kind of looks like the-S&P-500, doesn't it? This is an extremely difficult market in which you will find winning stocks .
You have to be very good to select the end of the draw-down periods and go long in the winners.
The rotation into and out of stock groups has been fast and furious. As for-VWO:
Let's put it this way, your upside gain is 1% to 2%, down-side 10%-15% +. This is not a good risk/ reward ratio.
Here are eleven negatives I see in-VWO, and why I feel this is a sell:
1. Sell Fractal in effect.
2. Alligator jaws NOW OPENING in tandem with sell Fractals. Alligator feeding in new down-trend. THIS IS YOUR DIRECTIONAL COMPASS.
3. Chop indicator (under chart) is ENTERING the shaded area.
4. Forward Ichimoku leading span (lower top indicator) is below the zero line. **
5. 34 day moving average (top indicator)-is bearish .
6. Prices are trading into the Ichimoku Cloud . This is a sell signal.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal.
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
10. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal .
11. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
** The lower top indicator is a forward projection as follows: For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-VWO IN THE TOP LOWER INDICATOR. IT IS VERY NEGATIVE.
I see very soft markets in the United States, Europe, and, emerging markets around the world.
My advice: because of severe rotation, it's hard to follow trend. I recommend long positions only after draw-downs to support levels.
If you do not do this you increase your chances of a loss.
I hope this has been helpful. May all of your trades go well. Don.
Having Trouble Picking Winners? Here Is Why: IWM Has Rolling TopPart Two. The Rullell-2000-as shown by-IWM. Kind of looks like the-S&P-500, doesn't it?
This is an extremely difficult market in which you will find winning stocks .
The-Russell-2000 (as measured by-IWM) has gone sideways.
You have to be very good to select the end of the draw-down periods and go long in the winners.
The rotation into and out of stock groups has been fast and furious. As for-IWM:
I detect a bearish AB=CD harmonic pattern . This, combined with very negative indicators, are warning signs of a break to the down side.
In all fairness to you, I have been expecting a draw-down for six months, yet we continue to move side-ways.
Let's put it this way, your upside gain is 1% to 2%, down-side 10%-15% +. This is not a good risk/ reward ratio.
Here are ONE DOZEN negatives I see in-IWM, and why I feel this is a sell:
1. Sell Fractal in effect.
2. Alligator jaws NOW OPENED in tandem with sell Fractals. Alligator feeding in new down-trend. THIS IS YOUR DIRECTIONAL COMPASS.
3. Chop indicator (under chart) is ENTERING the shaded area.
4. Forward Ichimoku leading span (lower top indicator) is below the zero line. **
5. 34 day moving average (top indicator)-is bearish .
6. Prices are trading into the Ichimoku Cloud . This is a sell signal .
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal .
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
10. The red Ichimoku Cloud conversion line direction is heading lower. This is a sell signal .
11. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal.
12. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
** The lower top indicator is a forward projection as follows: For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-IWM IN THE TOP LOWER INDICATOR. IT IS VERY NEGATIVE.
As I write this the futures are strong, indicating an up day. But don't be fooled.
Between the-SPY and-IWM you have 2,500 picks. Yet most money managers and hedge fund managers are down for the year.
I feel we have the setup for an-IWM market decline. To be fore-warned is to be fore-armed.
I hope that all of your trades go well. Don.