Setting-up your trading plattform5 Indicators :
LUXALGO
a-Adaptive MACD
b- MACD based price forcasting
DGT:
a-Price Action Support & resistance
b- ˜Dual Supertrends
REDKTRADER
a-REDK EVEREX
Narrative is in Arabic
Centered Oscillators
Intraday , Archean chemical Archaean chemical in a inside range looks like a accumulation going on
Good big breakout possible in this
Risky traders can buy this at cmp
Breakout above 812
Ask your financial advisor before buying only for educational purposes
Beating the S&P500 (SPX) Buy&Hold strategy by 16 timesS&P500 (SPX) strategy using Stochastic RSI Min-Max, normalized Volatility and Trailing Stop signals, beats the Buy&Hold strategy by 16 times
Embarking on the quest to time the market accurately, the 'Holy Grail' of strategies, led me to create a script to approach this goal. Unlike other strategies that I tested, this one not only surpasses the long-term S&P500 Buy&Hold approach but does so by a remarkable 16.38 times!
Initially, I employed an A.I. program based on an LSTM Neural Network using TensorFlow. Despite achieving a 55% next-day prediction accuracy for short/long positions, I sought improvement using a heuristic pine-scripting approach, incorporating stochastic RSI oscillators, moving averages, and volatility signals.
With default parameters, this strategy, freely available as "XPloRR S&P500 Stock Market Crash Detection Strategy v2" delivered a staggering 2,663,001% profit since February 1871. In the same period, the Buy&Hold strategy "only" generated 162,599% profit. Picture this: a $1,000 investment in 1871 would now be worth $26,630,014 by February 2024. Check it out for yourself loading this strategy.
The script operates as a Stochastic RSI Min-Max script, automatically generating buy and sell alerts on the S&P500 SPX. What sets it apart? The strategy detects "corrections," minimizes losses using Trailing Stop and Moving Average parameters, and strategically re-enters the market after detecting bottoms using tuned Stochastic RSI signals and normalized Volatility thresholds.
Tailor its parameters to your preference, use it for strategic exits and entries, or stick to the Buy&Hold strategy and start new buy trades at regular intervals using buy signals only. In the pursuit of minimizing losses, the script has learned the effectiveness of a 9% trailing stop on trades. As you can clearly see on the upper graph (revolving around 100), the average overall green surfaces (profits) of all trades are much bigger than the average red surfaces (losses). This follows Warren Buffets first rule of trading to "Never lose money" and thus minimizing losses.
Update: Advanced S&P500 Stochastic RSI Min-Max Buy/Sell Alert Generator
I have also created an Alerter script based on the same engine as this script, which auto-generates buy and sell alert signals (via e-mail, in-app push-notifications, pop-ups etc.).
The script is currently fine-tuned for the S&P500 SPX tracker, but parameters can be fine-tuned upon request for other trackers or stocks.
If you are interested in this alerter-version script or fine-tuning other trackers, please drop me a message or mail xplorr at live dot com.
How to use this Strategy?
Select the SPX (S&P500) graph and set the value to "Day" values (top) and set "Auto Fit Data To Screen" (bottom-right).
Select in the Indicators the "XPloRR S&P500 Stock Market Crash Detection Strategy v2" script and set "Auto Fit Data To Screen" (bottom-right)
Look in the strategy tester overview to optimize the values "Percent Profitable" and "Net Profit" (using the strategy settings icon, you can increase/decrease the parameters).
How to interpret the graphical information?
In the SPX graph, you will see the Buy(Blue) and Sell(Purple) labels created by the strategy.
The green/red graph below shows the accumulated profit/loss in % of to the initial buy value of the trade (it revolves around 100%, 110 means 10% profit, 95 means 5% loss)
The small purple blocks indicate out-of-trade periods
The green graph below the zero line is the stochastic RSI buy signal. You can set a threshold (green horizontal line). The vertical green lines show minima below that threshold and indicate possible buy signals.
The blue graph above the zero line is the normalized volatility signal. You can set a threshold (blue horizontal line) affecting buy signals.
The red graph above the zero line is the slower stochastic RSI sell signal. You can set a threshold (red horizontal line). The red areas indicate values above that threshold.
However real exits are triggered if close values are crossing below the trailing stop value or optionally when the fast moving average crosses under the slow one. The red areas above the threshold are rather indicative to show that the SPX is expensive and not ideal to enter. Please note that in bullish periods the red line and areas can stay at a permanent high value, so it is not ideal to use as a strict sell signal. However, when it drops below zero and the green vertical lines appear, these are strong buy signals together with a high volatility.
These Parameters can be changed
Buy Stochastic Lookback
Buy Stochastic Smoother
Buy Threshold
Buy Only After Fall
Minimum % Fall
Sell Stochastic Lookback
Sell Stochastic Smoother
Sell Threshold
Sell Only With Profit
Minimum % Profit
Use Sell MA
Fast MA Sell
Slow MA Sell
MA Sell Threshold
Use Buy Volatility
Volatility Smoother
Volatility Threshold
Use Trailing Stop
Use ATR (iso of a fixed percentage for the trailing stop)
ATR Lookback
Trailing Stop Factor(or fixed percentage if "use ATR" is false)
Trailing Stop Smoother
Important : optimizing and using these parameters is no guarantee for future winning trades!
$BMY - bullishNYSE:BMY - bullish chart
Mean ^
Var ^
Autocorrelation crossed 0 into positive territory, which means trending
Last indicator shows a measure of information; the higher the information, the higher the uncertainty. You want to be trading when the indicators is decreasing.
TSI Market Timer V4.0TSI Market Timer Version 4.0
This indicator is probably one of the best, if not the best indicator out there on the market today. A bold claim. I say that because this indicator has been 10 years, at least, in the making.
I started using TradingView in 2015 when it was $5 to use. It was wonderful. And you could make your own indicators. I would copy and reuse many of the indicators I found.
This tinkering with indicators and theories would last until the present day. I find the market is interesting and there are many new things to learn and so you can make nearly endless indicators.
About This Indicator:
The TSI Market Timer Version 4.0. First, a little theory. I have found that, in practice, if you take any price or indicator (like Acc/Dist) or VIX or even ratio charts like (HIGN/LOWN , a new highs new lows ratio) and you apply the True Strength Indicator (TSI)... that you can plot everything on one charting window. I have extensively tested this out over the years.
There is a concept in math and statistics called standardization. One common way this is used in trading is the z-score. You may have heard of the Altman Z-score.
In this indicator, I have combined several useful signals into one indicator. These are plotted on an auto-scaled plot with a zero line.
Here is an explanation of the lines and their colors.
- White lines : These are TSI price lines using two variations in the calculations. One is done using a SMA or simple moving average, the other is done using an exponential moving average. I have even used the weighted moving average. However, I find the SMA/EMA to be the most "error free" version.
If the EMA white line (price) is above the SMA white line, then it is bullish because the most recent price changes are given more weighting with the EMA version. Thus, if EMA white line > SMA white line then it will fill green and if it is less than the SMA version, it will fill with red color.
- Lime Green fill : The lime green color on the EMA/SMA white line combo means a new high was touched. This is very useful if you are a William O'Neal Swing Trader as I am. Dr. Wish speaks of the Green Line Breaks which represent new highs and their importance. See www.wishingwealthblog.com
- Orange/Gold Line : The Orange Line is the TSI calculation of the DXY (or US Dollar Index). This is something that I noticed that no one else talks about.
The US Dollar Index used on the TSI chart is really useful since it moves in direct opposition to the price of many indices.
My theory on this is due to the fact that the US Dollar is the "other side of the trade". Thus, if you buy several billion dollars worth of a stock, the US Dollar Index goes down and when you sell the shares back, the US Dollar Index goes back up.
Thus, it is tied into borrowing, leverage, borrowing costs, interest rates and similar things.
It has a similar relationship to stocks as oil does to airlines. When USOIL is up, AAL or DAL stocks are often down.
The leveraging of stock purchases explains why the stock market and the US Dollar work in contrarian directions.
I don't know why others have not seen this. It is probably due to the fact that the DXY is a big number and the changes are small and thus it has scaling issues with other forms of analysis. In other words, if you try to evaluate it in other ways, it does not scale on the charting and thus, traders/analysts would dismiss it.
Purple Lines : Comparison Indexes
Dark Purple Line: TSI Comparison line. Default is VIX line. The Vix Index with the TSI calculation applied.
Light purple/ lavendar line: This is an index such as the QQQ, which is used as the default.
Both of the purple lines are customizable.
Centerline: Accumulation-Distribution (mini):
Lastly, we have the centerline which is a smaller version of the light blue line; the Accumulation/Distribution Line. In this case, I wanted to show it as a kind of "money flow". This is a mini-version of the AD line. You can adjust the size using the zoom % on the indicator settings tab. The default is zoomed out 10%.
In addition, you can toggle the red/green fills of the stock/DXY lines and the stock/index lines.
Cheers!
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean line.
On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may
be an early reversal in progress but then again it might just be prudent traders liquidating to
take full or partial profits to close out the week. I am running full on this, I will watch the
price action early next week to determine a continuation vs a reversal. Relative volume
and relative volatility may show long traders closing with targets reached and shorts taking
their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are
set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN
can put out some higher decibels I may decide to look at the 2/16 options chain and chart
for an OTM call in the $2.5 or $3 range.
TSLA 120 minutes Chart Moving Average pullbacks for Short EntryTSLA has been trending down in a channel since it marked the first trading day of this new year.
The chart is set up on a 120-minute time frame with the Williams Alligator indicator of
SMA10 SMA20 and SMA50 ( offsets 10, 5, & 2). In a strong downtrend, the averages are parallel
with SMA50 higher then SMA20 and SMA 10. For a good short entry, the price should pullback (
and up) through the SMA10 but not through the SMA20. An entry is taken when price falls
back through the SMA10. The supertrend may be reversing if any of the lines cross in a
golden fashion or price crosses the SMA20 or SMA50. On the chart, red down arrows mark the
best six entries YTD. There have been no exits despite any shorting pullbacks such as the past
day or so more or less from some news catalyst delivered by a certain fund manager to protect
her glut max and maybe wallets of clients. This strategy is well suited for a low intensity low
effort & minimal screen time type trader of shares or options to strike a balance overall and
profitable one at that with more simplicity and less complexity with noise and indicator
overload tuned out.
SHOP solid growth and strength into earningsOn the 4H chart SHOP has been trending up since last fall when it fell through the high volume
area and then rebounded crossing through it and rebounding. Earnings have been solid beats
for over a year. Volume is persistent and steady while the relative strength rising from a bounce
down to the 50 level to begin this month. This is a solid earnings play but also could be
a long term investment but not until there is another dip or minor correction to set up for
a low risk entry. Last earnings gave SHOP about $10-12 in a quick price pop. I am looking
for something in the range of $6-8 higher as a conservative target
BITFARM a penny cryptominer LONG CONTINUATIONOn the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard
with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best
options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X.
The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of 14 x4=56
is getting overbought. All depends on BTCUSD ( and ETHUSD) as stablecoin high market caps
over the weekend. My options are open and rolled into the following Friday.
BETS- another crypto penny stock resting over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends
higher in weekend price action. Can the price action reverse out of the pullback and
retracement with bullish continuation? Relative strength has retreated but held at the 50 level.
Consistent with consolidation, the volume fell off for the close of the trading week. I will take
a long trade in this suspecting it will do well as did HUT and other cryptocurrency penny stocks.
I will set a 5% stop loss and target 25% or the middle of the zone of the topping wicks
on the pivot high of the previous trading day. So, this is a R:r of 5 trade plan. Safe and
conservative especially since I will only use 0.01% of buying power for the trade.
CDNS a chip design software company LONGCDNS located in California is a software firm supporting computer assisted design ( ACAD) for
the semi-conductor industry. While its customer base gets the headlines, this company helps
make it happen. The 120 minute chart looks good as price is uptrending with good volume
and relative strength. Earnings have been solid and another is around the corner. Price has
appreciated 40% in six months. the trend angle of 13 degrees over the continuous uptrend
is solid. I see this as a buy now before the earnings or after a minor correction to get a bit of
a discount.
RYTM Biotech Penny Anti-Obesity LONGRYTM did a 120% run in November and December and then pivoted to start the year. It competes
in the anti-obesity drug space which is all the rage right now and has snack food manufactures
freaking out. The retrace was a shallow one in a sign of strength finding support at the 0.382
retracement level and then pivoting into a reversal in the past week. The dual TF RSI shows
the resurgence of bullish momentum. Earnings were okay, but not great. An FDA approval to add
to the mix of meds and lower their price in the competition may send RHYTHM into
launch mode. RYTM did 10% today such is the life of highly volatile penny stocks in what is
considered to be the likely hottest sector of the year. I will look toward OTM call options
for February 16th presently priced at about $200 per contract and a couple of shares shorted
to provide some hedging. Looking for 100% in 2-3 weeks. Will close 1/2 the position a few days
before upcoming earnings.
Momentum Indicator for USDEUR turns positiveMomentum Indicator for USDEUR turns positive, indicating new upward trend
USDEUR saw its Momentum Indicator move above the 0 level on February 04, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 125 similar instances where the indicator turned positive. In 46 of the 125 cases, the stock moved higher in the following days. The odds of a move higher are at 37%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for USDEUR just turned positive on February 04, 2024. Looking at past instances where USDEUR's MACD turned positive, the stock continued to rise in 35 of 96 cases over the following month. The odds of a continued upward trend are 36%.
Following a +0.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where USDEUR advanced for three days, in 69 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 25%.
The Aroon Indicator entered an Uptrend today. In 81 of 226 cases where USDEUR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 36%.
DogeCoin Ready to Rise ? LONGOn the daily chart. DOGEUSD appears to be at the support line of a symmetrical triangle
pattern with about 30% upside to the pivot high in early December. The RSI lines are stable
and flat sideways in the 40-45 range. The zero-lag MACD shows lines near to the horizontal
zero level. The Fib tool suggests that a retrace to 0.09 is a reasonable target level.
Accordingly, an upside of 30% is forecasted for the next bullish spike. I will wait for a cross of
a shorter MA line over a longer MA line as a "golden cross" sign of bullish momentum and take a
position there .
Exxon Mobil Could Be Near ResistanceExxon Mobil has bounced in the last two weeks, but how much higher can it go?
The first pattern on today’s chart is the $105.87 level. It was the closing price on November 6. XOM remained below it later that month and been unable to reclaim it since. That may suggest it’s become resistance.
Next, stochastics returned to an overbought condition.
Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in late November. That may suggest bears are taking control over the longer term.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
KBE - S %& P Small Bank ETF LONGKBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy
signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by
the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back
into the high-volume area and bounced. It has recovered from a VWAP band breakdown
correcting from the 3rd upper band to the first upper band. The dual time RSI indicator
shows the faster RSI line crossing over the slower RSI line and both in the healthy 60 range.
I see this as a buying opportunity on KBE and will also take a look at DPST. I see price as
targeting the February 23 high about 20% upside.
PLU Power Price crushed by dilution announcement LONGOn the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement.
Buying shares in a chas burning enterprise is risky business. However, the prospects of
a rescue with a federal grant from the Green Left initiative can come any time. Shares
are on sale. So are OTM call options expiring after the recovery if there is one. Price is
showing a glimmer of a bounce with upgoing MACD lines and the fast RSI line rising and crossing
over the slower one and heading to the 50 level. I will take a long trade when price
gets through the Ichimoku cloud at 3.15 with a stop just below the cloud. I may add to
it when price gets over the upper VWAP band situated at 3.5 which is confluent with
the 0.5 Fib retracement price value. As a penny stock, all can afford
stock or options. As to the options, the monthly in two days if only a prospect for those trading
options.in a day-trade or nearly day trade fashion, I will look at the February 16 expiring
options with a strike of $ 4.00 to $ 5.00 and take a bunch of them allowing for secondary
targets and taking partial profits.
UNG ( Natural Gase Futures ETF) Swing trade Short then LONGUNG is shown here on the 15 minute chart with text box comments showing the three trades
over 8-9 trading days yielding 25% overall first two trades short then a one day long trade at
what may be an early reversal. A pair of hull moving averages 49/140 ( multiples of 7) are used
to generate buy and sell signals in golden and death cross fashion. A dual TF RSI indicator is
used to support those signals. As swing trades with typical stop losses these were quite
profitable with low risk. As an alternative if a trader has options charting available the same
strategy/ method can be applied for significantly higher profit with less capital in each trade.
Blackstone Could Be BouncingPrivate-equity firm Blackstone pulled back in early 2024 after rallying in November and December. Now it could be bouncing.
The first pattern on today’s chart is the price zone around $116 where BX peaked in mid-September and early December. It marked the approximate low last week. Has old resistance has become new support?
The 50-day simple moving average (SMA) is in the same area. That represents potential confluence and confirmation of a bullish intermediate-term trend.
Next, you have the weekly close of $119.34 on January 12. The stock reclaimed that level on Monday and has remained there since.
Stochastics are rebounding from an oversold level, as well.
Additionally, BX’s fundamentals may interest traders after earnings beat estimates and inflows increased.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
BFRG AI penny stock ready to SHORTI have been in BFRG since the November earnings it has done 300% over that time almost all
of it in one week. There are no options on this one. The RSI indicator tells me that it is now
overextended and overbought. This is confirmed by a reversal signal triggering on this
60-minute chart with a mass index indicator below it. The topping candles with long wicks
is another hint of the price action underway. I am closing my long position over 300%
gain and instead look for a short with the profits to retrace from present price to
to the 0.382 Fib retracement at about 5.65. Stop loss above the wicks at 7.7. I expect the trade
to last this week and part of next.
HRTX a biotech penny stock with 70% in two months LONGHRTX has been suggested by various trading websites as a potentially explosive penny biotech
stock for 2024. It has experienced excellent price actions since an earnings beat in November.
It beat the estimates; that is to say it burned about half as much cash as the analysts estimated
the it would. Today it pumped 11%. Relevant articles can be found compiled on the Yahoo
Finance page linked here.
The chart is 120 minutes. A alpha trend indicator is shown and the supertrend since the
November earnings is upward. An AI Lorentzian indicator is added with a 2000 candle lookback
to generate buy and sell signals. It calculated a 59% win on 83 trades over those 2000 candles
two hours each; this amounts to about 2000 x 2 / 6 hrs per session or more than 600 trading
days = 2 1/2 years.
Also supporting an entry at this time is the faster (45 min) RSI line rising over the 50 level
while the slower ( 240 minutes in red) RSI line has been over the 50 level since those earnings.
The ADX indicator had a DI- and DI + flip with a mini pullback to close out last week's trading
( profit taking).
The volatility indicator also showed that dip with selling volatility greater than buying which
has now flipped.
Given that price has went 5X in 2 months , there is a possibility HRTX is overbought.
Analysts seem to think otherwise.
I will take a stock position here and anticipate holding the position into the next earnings.
For trade management I will take partials of 5 % each at the high of day for ten days going
into earnings and hold the remaining 50% through the earnings. In the meanwhile I will review
the trade if the machine-learning alo indicator generates either a buy or sell signal.
For those lacking the risk tolerance for money-losing biotechnology penny stocks with high
potential but are aware that biotechnology is expected to be "outperforming" in 2024,
XBI and LABU are ETFs with risk-mitigation in the form of a diverse portfolio from the sector.
Pullback in American Tower American Tower ended 2023 by rallying from its lowest level in almost five years. Now, after a pullback, some dip buyers may see opportunity.
The first pattern on today’s chart is the price area between about $200 and 204. It marked the highs for AMT between May and July. The wireless tower company paused there late November before continuing toward $220. If this level holds, some investors may think old resistance has become new support.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in mid-December. That may suggest the longer-term trend is getting bullish again.
Third, stochastics dipped to an oversold condition.
Fourth, fundamentals may be improving after quarterly results beat estimates on October 26. The stock could also potentially benefit from lower interest rates.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
SIRI is pulled back for a LONG entryOn 1 120 minute chart, SIRI is now well positioned having tested the support of
two sets of VWAP bands anchored back two earnings periods and so 3 months apart.
The mean VWAPs are confluent and so form strong support. I expect the price to
return to the early December high and test that level. In the past day a buying volume
aberrant spike was printed. The MACD lines have been crisscrossing under the histogram
signaling support of the cons9olidation of price with a series of Doji candles before the
final engulfing green dandle. Of interest, the next expiration of the options is February 16th.
On that date the dominant option strikes are %5.00 , %5.50 and $6.00
$5.00 is the present level for the strong support of the confluent mean VWAPs aforementioned
It is in this range that I will join the options activity for the time being. I will take a few calls
at each strike level as they are presently priced at $ 12- $ 32 per contract. I will also
take 10-20 shares of stock in a short position to provide a little risk-off hedging.
