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Breadth Indicators

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.
SLong
by MarcoOlevano
Breadth-Based Momentum Swing Strategy/Trend IndicatorThis is an interesting strategy. From my little bit of back-testing, RSP seems to work best just because it is a breadth indicator. Seems to work better in more volatile times with bigger moves. Daily timeframe only. Basically, tracks overbought and oversold conditions but can signal momentum shifts and trend. Looking for long trades above, short trades below. Don't use it alone, use it in confluence with your TA. 3 Major components: - RSP (SP500 Equal Weight Index) - S5TW ticker added to chart (SP500 % of stocks above 20MA) - Ripster EMA cloud Indicator setup: - Add S5TW Line Chart as an indicator in a separate pane - Apply EMA cloud to S5TW (9 ShortEMA1 and 21 LongEMA1, disable all others) - Set both scales to Regular (will set to % automatically) - Add two horizontal lines at 85 and 15, these indicate overbought and oversold levels (you can do 80/20 or 90/10 as well) You technically could just buy/sell the EMA crosses, but your entry will not be optimal. There are three things you want to look for when a reversal is happening: - Bull cross: 1. Price to cross over EMA cloud definitively (MINIMUM 2 candles) 2. Higher high on S5TW, higher low after for confirmation (HH and over 2 days above should be good enough) 3. Move across the 50% midpoint - Bear cross: 1. Price to cross below EMA cloud definitively (MINIMUM 2 candles) 2. Lower low on S5TW, lower high after for confirmation (LL and over 2 days below should be good enough) 3. Move across the 50% midpoint After the reversal, you can take three approaches to exiting: - Exit once overbought/oversold - Exit with trailing stop or to price target - Exit with opposite reversal This back-test used the exit with opposite reversal strategy. The max drawdown from this small sample size of back-testing is just under 3%, but every trade ended up winning. - 100% win-rate out of sample of 11 trades. - Average move is 6% - Smallest is 0.42% - Highest is over 11%. Gonna be fun to track this.
AMEX:RSP
by taylorbray
1
Key Technical Indicators Signal Downside Potential for S&P 500The market has recently exhibited a series of bearish indications, suggesting potential further downside for the SPX: Price Action: The market gapped down after September 20th and hasn't recovered those levels. Short-Term Moving Averages: The 50-day moving average recently crossed below the 21-day, indicating a potential short-term downtrend. Moreover, the price struggled to move back above the 50-day level. Diverging Moving Averages: While the 21 and 50-day averages tilt downward, the longer 150 and 200-day averages remain bullish, suggesting a potential trend shift. Critical Level Breach: The SPX closed below its 200-day SMA, a traditionally bearish signal. Key Bearish Indicators: TRIN: Indicates more volume with declining stocks. TICK: Levels between -1000 to -1300 signal a bearish sentiment, hinting at institutional selling. VIX: A 66% rise in the past week reflects increasing market uncertainty. Prediction: Given these indicators, it seems probable that the SPX might not rebound off its 200-day SMA in the short term. There's potential for it to breach significant support levels, including S2 and the 1 Year anchored VWAP.
SP:SPXShort
by dburgos0127
2
S&P Double TopHistory and Introduction Everyone in the market today remembers broadly the financial response to C19. It We see it every time that we look at the price chart and we see the spike down and the V recovery. What a lot of people may not remember is the investigation into SoftBank for essentially causing a short squeeze by use of call options and gamma hedging. When that news story came out my long term assumption was we would be returning to the C19 low and that has informed every idea I have put out since then. News story www.investmentwatchblog.com An Explain Like I am 5 From Reddit When you write a call as a seller you essentially take a short position against the stock delta wise When SoftBank bought loads of calls that were out of the money then the writers had large negative delta positions against these tech stocks. One common way to offset a negative delta is you can hedge with owning shares to offset the negative position from the calls you write. As the calls were heavily wrote then shares were added to offset risk which contributed towards momentum. As the stock positions were entered it drove up price of stock which put those out of the money options closer to the money leading to more share purchases while SoftBank continued to purchase more and more calls leading to an increased share price between delta hedging and general market momentum. Someone can correct me if I’m off but that’s my broad description www.reddit.com Essentially when that news story came out I, personally, understood all these gains were unsustainable and were going to be given back. This was in addition to all of the other stimulus spending that was going on. There was still gains to be made or lost speculating in swing trading but my ultimate goal was to not buy the top and not to sell bottoms. Main Chart Analysis The main chart has been left pretty simple. We have the Gaussian Channel on top and we can see that in the 70s there were two points in time investors or traders got to buy below the gaussian channel. Fortunes could be made by buying below the channel and merely selling above the guassian channel. Loading up on dividend stocks would have also been very prudent. We can also see the opportunity came again in the 2000s. We can also see in purple the tops where the ADX has been at 20 or below. The 70s dip had the low ADX but the 2000s did not. It is not a necessary condition that the ADX be low for price to go below the gaussian channel, but it is suggestive that with the current low monthly ADX we have a fair shot of getting there. We also see that similar to the 1970s the ADX has been declining over each high for over the last decade. Not a good set of circumstances to be in. The right side of the chart shows the double top itself without any indicators and on the weekly time frame. As it stands right now it looks like a “lower high” double top but price could rally up 17% from the current level and this idea is still valid. The last top took over 300 days to develop and start to sell off to create the valley low. We can still have a significant amount of sideways as bulls get exhausted. Double Tops Double tops are suppose to have a flat base before the uptrend begins and then return to the flat base per Bulkowski, who is broadly considered to have written one of the modern trading “bibles.” www.thepatternsite.com The chart below shows what I consider the flat base to be. The fib draw on the double top does get us right into that range. Another thing to remember is that we don’t need to see an impulse that looks strait down. It is quite probable that price action takes out the valley low and then rally to test previous support as resistance. Here is an example of a double top on bitcoin from the 2018 bear market. The 4-hour chart provides the detail of a double top that developed over 25 days from the time the began to top to rejection oat previous support. So, not only could price action go sideways for some 300 days as the second half of the double top is created, but once price sells off we could spend considerable time in a suckers rally as price returns to previous support and tests it as resistance. Quarter Chart Long term, we have a chance to buy in the quarterly gaussian channel. This would require significant sidewise-ish or channel-ish price action for a decade. Dow Theory Basic Dow theory on bull markets has three phases, accumulation (smart money), public participation, and excess. From there we enter distribution, public participation, and panic. One tenant of Dow theory is indices must confirm one another. www.investopedia.com My linked idea will show that I thought that NDX would have a bull trap. That idea has been invalidated because rather than forming a classic bull trap NDX is likewise in a double top. But having both NDX and SPX in a topping formation suggests that we are in distribution. Since we are talking about Dow theory lets look at the DJI. T Guess what? he Dow looks like it is in a double top as well. Having all three indices appear to be topping within 5 percent of previous ATH is pretty bad. NASDAQ/S&P Since the Nasdaq is more volatile than the S&P we can look for bearishness in the NDX/SPX pair to see broader bearishness in the market. I am personally staying away from the Nasdaq as an investment as possible until it reaches its own double top target against the S&P. Crypto Assets Since I believe the SPX is a index that could be topping for over 300 days and having several consolidations on the way down I would expect some assts to go crazy as investors rotate and individual assets have blow off tops. I expect some massive rallies with some select cryptos and then a lot of despair. A lot of movement can happen in crypto over the lifespan of this idea. Here is bitcoin. What is the traditional target of a rising wedge? The beginning of the wedge. And there is no guarantee that bitcoin will set a higher high. If it does I am selling and probably never returning. Conclusion As someone who thinks the United States have been off sound money since the creation of the Federal Reserve I see all of this as the consequences of late-stage socialism. Subsidies to support government initiatives, transfer payments, bloated public services, debasement of the money supply all lead to public excess in the stock market. The United States as been more resilient than a lot of other countries in warding off the pernicious influence of socialist actors but once the Federal Reserve was created the ultimate conclusion was clear, it was just a matter of timing. Of course, due to inherent theory and model failure of most socialists they don’t realize it is the socialist policies that got the market here. Just like most don’t realize we are in distribution. The distribution phase can take a long time and I expect to be ignoring a lot of news. It’s a distraction. I am going to make the trades and investments as I see them. The main chart focuses on what happened to the SPX in two bear markets, one in the 70s and another in the 2000s. What happened to sound money (precious metals) in the 70s and 2000? Quite simply they went crazy. What happened to the Gold/SPX ratio? They reached muti-decades lows. If the SPX is topping then I would expect to see a massive upside pattern on gold. And I do. There is a cup and handle or ascending triangle. Based on that the time for me to rotate back into the S&P generally would be when the SPX/Gold ratio hits a double bottom from the low of 2011 Likewise with Silver and the S&P I think it is a decent time to take my kids to the precious metals store.
Editors' picks
SP:SPXShort
by This_Guhy
17
Bitcoin's Weekly Chart Analysis: Signals and Indicators 📈🔍Hey there, crypto fam! Let's dive deep into the world of Bitcoin with a look at the weekly chart. 📈 🕒 4 Weeks of EMA 200 Testing: Bitcoin's been doing this interesting dance for the past four weeks, where it keeps testing the EMA 200 (Exponential Moving Average). It's like it's checking for support, and so far, it's been bouncing off that level. 🙌 🔴 Bearish Signals Galore: Now, it's not all sunshine and rainbows. Those red dots and that ominous red cloud hanging around are telling us there's some bearish sentiment in the air. It's like the market's giving us a little wink and nudge, hinting that it might not be all smooth sailing. 😬 📏 Price Squeeze: There's this fascinating thing happening – it's like a price squeeze. Imagine a spring getting coiled up tighter and tighter. This could mean a big move is lurking around the corner. 🔄 📉 RSI Bearish Divergence: Our trusty RSI is showing a bearish divergence, but here's the catch – it's still on the positive side. It's like a tug of war between the bulls and the bears, and right now, neither side has a clear upper hand. 🤼‍♂️ 📊 MACD Cross: The MACD, another one of our favorite indicators, has had a cross, but it's also on the positive side. It's like two friends giving each other a high-five, but they're not quite sure which way they're headed next. 🤝 So, what's the bottom line? Well, the weekly chart is painting a picture of uncertainty. Bitcoin's testing support, but the bearish signals and divergences suggest caution. Keep an eye on this coiled spring – a big move might be just around the corner. And as always, stay sharp and trade wisely! 💪💰
INDEX:BTCUSD
by sailortrades
2
Potential Long Awaits For MRNAWait for that big green candle Appear. Pattern Analysis: We will perform a detailed analysis of MRNA's past performance, including its price movements, volume, and other relevant factors. Our goal is to identify patterns and trends that could indicate future price action. Trend Lines: One of the most common tools used in pattern recognition is trend lines. These lines connect a series of highs or lows and form a channel that helps predict future price movement. We will draw several trend lines on MRNA's historical price chart to identify potential areas of support and resistance. Breakout Scenario: Our analysis reveals a clear uptrend in MRNA's price over the past year, which suggests that the stock is likely to continue growing. However, we need to confirm this hypothesis by looking for signs of a breakout. A breakout occurs when the stock breaks above a previously established resistance level, indicating a change in the overall trend. Long Idea: Based on our analysis, we believe that MRNA has the potential to experience a breakout and continue its upward trend. Specifically, we are looking for a scenario where the stock closes above the upper end of a previously established trend line. This would indicate a shift in the overall trend and potentially signal a continuation of the current upswing. Position Sizing: When implementing this trade, we recommend taking a medium-to-long position size. This allows us to ride out any potential pullbacks while still maintaining a significant allocation to the stock. Stop-Loss Management: We will set a stop loss at the previous day's low, which will act as a buffer against unexpected losses. Additionally, we will monitor the stock's volatility and adjust the stop loss accordingly to avoid excessive risk exposure. Exit Strategy: Our exit strategy will involve closing the position once the stock reaches a predetermined target price or when it experiences a significant correction. We will also monitor news and events that could impact the stock's performance and adjust our positions accordingly. Conclusion: In conclusion, our analysis indicates that MRNA has the potential to continue its upward trend. We believe that the stock offers a promising entry point for long positions. Please do your own due diligence before taking the long position.
NASDAQ:MRNALong
by stocktechbot
URA vs. U308 Futures ~ Snapshot TA / Uranium Bull IndicatorPerformance comparison between Global X Uranium ETF versus U308 Futures. One of many Momentum Indicators out there that track Bullish movements in Uranium Sector. Uranium stocks haven't always been closely-correlated to Futures due to their "risk-on" nature...so when stocks start outperforming when Futures + other confluences are also rallying.. You might have a good ol' fashion Uranium Bull run on your hands. Boost/Follow appreciated, cheers. Futures: COMEX:UX1! COMEX:UX2! ASX ETFs: ASX:ATOM ASX:URNM US/OTC ETFs: OTC:SRUUF AMEX:URA NASDAQ:URNJ AMEX:URNM
AMEX:URALong
by BlueHatInvestor
3
QRTEA is in a bottleneckIt appears QRTEA is facing a bottleneck once we draw the bollinger band on a weekly basis, meaning low volatility, this situation usually do not take too long before it starts to widen up. We have a positive EMA Cross which can be considered as a bullish signal. If we take both indicators together, it may be possible to expect a maeaningful ride on price during these days or weeks. Finally we know Michael Burry invested over $1.5M on this company during 2Q 2023 at $0.99, so he was (or is) optimistic about the future of this company at that price, thus considering the current price (which is 14% lower vs Burry's), is a great opportunity to capitalize on this. Stay alert. Support: 0.80 Resistance: 1.2
NASDAQ:QRTEALong
by amateur_trad3r