Get started

Breadth Indicators

TGL Fintech with a push discounted 96% from ATH LONGI am watching TGL for a short squeeze. A recent pivot high in the past year was about 37 and the ATH of 168 was the winter and spring of late 2022 and early 2023. This is an app that matches merchants and consumers with incentives to both to deal and make transactions. I believe that it has been heavily shorted while in a persistent trend down. Relative strength has been rising and the TTM triggering. A spike in relative volume was more than 50X. I have taken a position and have an unrealized profit of 22% however, I expect more and will add to the position given a dip from the high of 8 down to 6. For the time being the targets are 10.5 and 12, where I will take off 25% of the position at each level. IF TGL can squeeze and maintain momentum over the weekend, next week could be a bigger move.
NASDAQ:TGLLong
by AwesomeAvani
ORCL a preearnings SHORT TRADEORCL rose from its prior earnings which were not impressive. On the 180 minute chart, price ascended to the second upper anchored VWAP band and dropped to the mean VWAP band line in a standard Fibonacci retracement. Finally it turned upside and ascended to the first anchored VWAP line. The POC line of the immediate volume profile of the past two months is 113.9 and price is currently below it. RSI lines are near the 50 line and the green faster line is below the red slower line. The predictive modeling algo shows a forecasted regression line moving down on the approach to the earnings report after market close on March 11th. My target on this short trade is 101 being the pivot low at the prior earnings of December. This represents 10% downside. Accordingly, this is a one to three day trade covering the earnings period and after seeking 10% in quick profit. The stop loss is set at 114 above the near term POC line.
NYSE:ORCL
by AwesomeAvani
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since the start of the year. Volatility can be harnessed for profit. This is the essence of swing trading. With an intermediate term anchored VWAP band and line setup, it can be readily seen that price first was resisted by the second lower band line in purple then broke out through the band lines to meet resistance at the second upper band line ( again in purple) and broke down through the band lines to get support at the first lower band and then reversed and returned to the second upper band where it was rejected and fell into the support of the second lower band from which it is now bouncing. This is a VWAP band oscillation pattern which can be traded. I will take a long trade of SOFI here, first targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05 below the second upper band. Partial closures at 25%, 50% and 25% respectively. I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as short trades.
NASDAQ:SOFILong
by AwesomeAvani
CELH in the AI subsector flies on Earnings- SHORTCELH on the 15 minute chart broke out from a decent earnings reprto and has been part of the IA stock surge. Is it over-extended? Will it follow NVDA in a downtrend? Is this Icarus getting too close to the sun? Yes, I think so. The company name is Celcius and it fits the Greek mythological person and story well. Yes I think CELH will correct. It's in the cards for a lot of its peers. CELH has been hugging the second upper VWAP band as resistance for several days and is at the upper bounds of the high volume area for the profile. The slower RSI line is above 50 but the faster line in green is below that important level. The Luxalgo predictive model forecasting the linear regression line shows a trend down. This is a regression to the mean concept playing out. I will open a short trade targeting the evolving PCO line at 82 and then the mean anchored VWAP line at 78.5. A stop loss of 91.35 kicks in if instead price moves into a high volume area breakout which is considerably less probable.
NASDAQ:CELHShort
by AwesomeAvani
2
TSLA makes progress in trend up LONGTSLA on the 120-minute time frame has finished off an inverse head and shoulders pattern with the bottoms on January 26 February 6 and February 14 respectively. Price rose above the neckline at 197 and appears to be trending to retest it. My target is 220 which is the 0.5 Fib level of the prior immediate recent January trend down. The relative strength fast line is dipping for a bounce off the 50 level horizontal line. The past RSI indicator shows much improvement in strength. I will buy TSLA shares and options when price gets retraced to about 197 =/- 0.50. I expect this will happen on the next down general market day which could be as early as the morning after this present holiday.
NASDAQ:TSLALong
by AwesomeAvani
2
TSLA - Relative Strength compared with peers and others SHORTOn a daily chart, the price action of TSLA is shown to be in a descending channel. An indicator has been added to show the strength of various symbols as compared with QQQ the broad ETF tracking the NASDAQ 100. TSLA is doing very poorly but better than FSR and XPEV which are performing poorly but comparatively okay compared with TSLA. Of the symbols on this list which is customizable and is a comparison on a daily time frame back six months NVDA, AMD and META as well as NFLX are outperforming QQQ the most. I have used this to further validate my TSLA put options overall as I also look at other stocks that may be of interest based on six months of performance.
NASDAQ:TSLAShort
by AwesomeAvani
2
QS rising into earnings has shown momentumon the 15- minute gaining 4.6% in the Monday trading. The chart shows price crossing through the high volume area from underneath it on Tuesday Feb 6th the breaking out from the upper boundary with a retest the following two mornings and then separation from the high volume area after that. Trading volumes have been consistent and constant with spikes after the morning opens. QS has some attention as both a technology stock and a green energy penny stock. I see this long trade as having a potential to go 10-15% if it beats the earnings forecasts. The dual time frame RSI indicator is used to pinpoint best entries especially if scalping or options trading. The best entry is on a lower time frame 3-5 minutes and the green faster RSI crossing over the slower red line and both being over the 50 level. Good luck to traders that take this trade.
NYSE:QSLong
by AwesomeAvani
Waste Management WM uptrending since prior earningsWM is impending earnings in the next trading day. It is a demonstration that there is money to be made in the efficient collection of garbage and recyclables On the daily chart, since the earnings beat, it has trended up through a high volume area breakout and a breakout across series of VWAP lines and bands anchored in the intermediate past. The volumes have been consistent. The RSI indicator shows both the lower and higher time frame lines above the 50 level since those earnings. I see this as an add to one of my investment portfolios as it is a relatively slow mover with dividends. On traders with long duration swing trades will pay attention to it. An options call trade in the lead up into earnings will mature on February 16th This is a blue chip stock; it does not get headlines it just works hard month in and month out. In my opinion, nothing is wrong with that.
NYSE:WMLong
by AwesomeAvani
QQQ and individual stock Relative Strength multi-time framesOn this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that this can be used to help find the best entries and exits for positions to complement other indicators. The setup on the right is best for intraday trades while that on the left could be used in swing trades. This could also be used to compare indices, commodities, or currency/forex on long and low time frames for a similar function.
NASDAQ:QQQLong
by AwesomeAvani
Bajai Auto.....Option trade ahead!?Hello Traders, today I`d like to share the chart of "Bajaj Auot Ltd"., an Indian stock, that has risen since 08/23 in an impulsive move! What caught my eye, is the fact, that the stock broke out to new highs on Friday, after a consolidation in a rectangle above 7419! If this brekout is succesful, the stock should advance to multiple new high`s in the coming days and weeks. Keep in mind, that a new ATH always is a new "buy-signal"! This opens the door to sell a "Short-put" at tomorrows opening, and you will take the premium at first! The next interesting fact is, the opportunity to set a close "stop-loss" @ 7210 or at the lower boundary of the rectangle @7032.15! Choose a expiry date (max at 6-10 days) and a price "in the money"! Check before if any financial news to follow in the coming days for this stock! If so, let the option end before the news! Let my know your thoughts about this trading-idea! I am always thankful for comments, critics and new ideas! Have a great week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.
NSE:BAJAJ_AUTO
by ruebennase
General Market Direction - Lead LagIn these charts I show support and resistance levels for Mega Cap AMEX:XLG , S&P 500 AMEX:SPY , Mid Cap EGX:SPMD and Small Cap Stocks AMEX:SPSM . If the saying is true that some tides rise all waters we see that Mega Cap is leading the way and soon to follow should be the rest of the crew. This is what I am watching for in the markets today. If Mega Cap can not rise all waters then we have a problem. Just something to keep your eye on today and I appreciate any thoughts you have.
AMEX:SPYLong
by JoelTCampbellJr
ESH range 4740-4850 before Jan 2024Standard Disclaimers: I am not licensed through FINRA, SEC, nor any other authority. This observation and speculation may be completely erroneous. It is not intended as financial nor as trading advice. CME_MINI:ESH2024 1 hour timeframe looks 66% likely to trend into a golden cross today. If it continues supported by hopes of a smooth landing, it may rebound to 4850. However, I anticipate inflation to remain between 2.5%-5.5% throughout 2024 due to supply, shipping, and logistics challenges, and international trade laws, etc.
CME_MINI:ESH2024Long
by TaggM
#SPX #McClellanOscillator divergence finds bottom in SPXDid some work on breath indicators tonight and interesting how well the McClellan oscillator worked with divergence to find the bottom in the recent SPX sell off. From Investopedia: What Is the McClellan Oscillator? The McClellan Oscillator is a market breadth indicator that is based on the difference between the number of advancing and declining issues on a stock exchange, such as the New York Stock Exchange (NYSE) or NASDAQ. The indicator is used to show strong shifts in sentiment in the indexes, called breadth thrusts. It also helps in analyzing the strength of an index trend via divergence or confirmation. What Does the McClellan Oscillator Tell You? The McClellan Oscillator is an indicator based on market breadth which technical analysts can use in conjunction with other technical tools to determine the overall state of the stock market and assess the strength of its current trend. Since the indicator is based on all the stocks in an exchange, it is compared to the price movements of indexes that reflect that exchange, or compared to major indexes such as the S&P 500. Positive and negative values indicate whether more stocks, on average, are advancing or declining. The indicator is positive when the 19-day EMA is above the 39-day EMA, and negative when the 19-day EMA is below the 39-day EMA. McClellan, S. (1989). Patterns for Profit: The McClellan Oscillator and Summation Index. Marian Publishing. A positive and rising indicator suggests that stocks on the exchange are being accumulated. A negative and falling indicator signals that stocks are being sold. Typically such action confirms the current trend in the index. Crossovers from positive to negative, or vice versa, may signal the trend has changed in the index or exchange being tracked. When the indicator makes a large move, typically of 100 points or more, from negative to positive territory, that is called a breadth thrust. It means a large number of stocks moved up after a bearish move. Since the stock market tends to rise over time, this a positive signal and may indicate that a bottom in the index is in and prices are heading higher overall. When index prices and the indicator are moving in different directions, then the current index trend may lack strength. Bullish divergence occurs when the oscillator is rising while the index is falling. This indicates the index could head higher soon since more stocks are starting to advance. Bearish divergence is when the index is rising and the indicator is falling. This means fewer stocks are keeping the advance going and prices may start to head lower.
SPREADEX:SPXLong
by MarcoOlevano