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DIA

Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
Watchlist (12/16-12/20) Using TheStratSPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get us lower, we have a 3-1 4HR setup as well as a shooter 2U Hourly candle. Trigger and target levels can be seen on the chart. Overall, we have some confliction as the D and W are red while the M is still green. This shows an attempt to flip the month red and we must view it this way until we see a daily higher high. If that were to happen, then we look to see the week flip red and then possibly make a higher high on the week for the weekly reversal back to the upside, which would re confirm the month being 2U and green. Traditional TA traders will see a wedge or bull flag on the daily/4HR, but as Strat traders, we know this is just a lack of strength from either side as we continue seeing failed attempts to make HHs and LLs. Although unconventional, if you check the 3 Day TF through the 8 Day TF, you will see they are all currently inside bars in formation still. We also know that inside bars restart the process of making broadening formations, so now its just a waiting game. We see the current attempt is to make lower lows on the daily since we failed to take highs out after the daily reversal, so we now either take out lows, or fail and move back through previous range to the upside. With conflicting situations like this, you just have to rely on timeframe continuity. Until the M, W, D, and 60 are all the same color, simply fall back on top down analysis and timeframe continuity to see what's really going on regardless of how the charts may look Weekly Watchlist: Bullish: ETSY - 2-1 Week, Failed 2D Day. FTFC Green, so looking for BF expansion on the weekly CRWD - 2-1 Hammer Week. 4HR inside bar. Monthly 3-2-2 still slowly compounding 2Us to Mag RBLX - MoMO Hammer 2U week. 2-1 Daily to trigger week RKLB - 3-2D Hammer Week. Relatively large ATR and high rVol Bearish: MCD - 3-1 Week, Shooter 2U Day PINS - 3-2U failed Week, No Daily AS. Weekly Motherbar issues so caution here PDD 1-2U failed week (Revstrat). No Daily AS. Going for large weekly BF magnitude ROKU - Failed 2U Week. At Monthly exhaustion risk. Daily PMG and gap fill potential OXY - 2-1 Shooter Week. Not much range, but clean weekly AS and all big oil names deep red DDOG - 2-1 Week (Huge red week), Daily 1-3. 2 Daily gap fills, and some weekly lows to target LVS - 2-3 Week. At Q exhaustion. Will be FTFC Red before W triggers the 3-2D Neutral: WMT - 2-1 Week, Daily 3-2D failed. Daily AS could send it back into ATH. Alternatively there is an 11 pivot PMG to the downside + a small gap to fill
AMEX:SPY
by Alanger17
$NNE Flagging and Ready to Resume Uptrend?NASDAQ:NNE may be one for your watchlist. This one has had a nice uptrend since its IPO sell-off and has put in a series of Higher Lows (HL). It has just tested the 50 DMA (red) and has a nice green hammer candle off that area. It looks to be struggling with the 10 and 20 DMA’s right now. I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower time frame chart to look for a good entry with a tight stop. There could be resistance at the AVWAP from the most recent high which is something to be aware of. In summary I am looking for this one to continue its uptrend after this shake-out and consolidation. All TBD.
NASDAQ:NNELong
by jaxdog
2025 forecast NYA Wave B top nearing 20% decline plusThe chart posted is that of the NYA .12/8 /2024 Major wave B top forming target 20,190 alt 22130 . Cycles are bearish into 2025 and well into oct 2026 Depression Like decline . into oct 2026 . First big decline should take us down into the spiral turn date 3/10 2025 week . in what should be an 11.8 to 16.6 % decline we should then see a rally into Mid July to Sept 2nd Then cycles begin next bear cycle phase . Down hard in most of 2026 The market in this decline should take us down about another 26 to 35% in wave 3 , The final low if the big picture is correct should see a major low oct 10/20 2026 the total decline should be 38% to 44 % Gold should see 1050 to 1489 . Bonds should form a rally but will fail over n over . BMV:US should see 119 to 121 handle in 2025 by mid oct 2025 . . Tariffs and the trade war are the main reason . But the markets since 2009 have been Liquidity driven with zero rates forced money flows into Assets 2025 will see a Deleveraging of inflation assets as we decline in housing markets based on the 18.8 year cycle in housing . Unemployment will see a sharp rise into 5.5 -6.1% into oct 2025 . based on downsizing of the federal workers Bitcoin will see a drop min 42/35 and a final low is 18500 to 22100 peak to low . . In dec 2021 Forecast called for a 20 plus decline into oct 10 to the 20th 2022 into 3510 to 3490 in the sp 500 .Dec 2022 forecast was calling for a rally to new highs in all indexes . In dec 2023 forecast called for the sp to reach 5636 to 5818 and the year of a vix of 29 or better we saw 60 . What next is at most I have said is a target in the sp of 6183/6235 We may or may not reach that But if is going to it will be jan 2 to the 20th 2025 . The last of the money flow . Best of trades WAVETIMER
TVC:NYA
by wavetimer
$QLYS – Looks Like a BuyNASDAQ:QLYS Looks to be under institutional accumulation. Look at those volume bars at earnings. According to the AVWAPs, there should not be much selling pressure from longer term holders trying to get out. I like the solid base of around 90 days before the big breakout. This is a low float stock so keep that in mind as bid / ask spreads can get larger than higher volume stocks. I have an alert just above Friday’s high and above the AVWAPs to look for an entry. I will go to a lower timeframe to find an entry and to set my stop. A stop below the most recent low is too wide for me. If I take the trade, I will update the idea. Thanks for looking. Comments always welcome.
NASDAQ:QLYSLong
by jaxdog
$BOX Consolidating – Coiling?I have had my eye on Box, Inc. since its last earnings. It has spent most of the time since then consolidating and letting the 50 DMA (red) catch up. I have also been looking at the AVWAP(s) from both earnings date and the 52-week high on Sept 17th (both light green). I have an alert set for a break above that tight area (both light green) where I will look for a low risk / reward entry. I am looking for this to rally into earnings, about a month away. All TBD. NYSE:BOX : Box and AWS partner to bring powerful generative AI models and capabilities to enterprise content. Briefing.com
NYSE:BOXLong
by jaxdog
$IWM Weekly Chart Looks BullishAMEX:IWM small caps have been volatile for quite a while now. I expect that volatility will continue until after the election. When looking at a daily chart it is hard to see any kind of pattern but zooming out to a weekly timeframe it looks to me that it has established a solid uptrend. I will be looking for an opportunity to get long for a move back to the upper trendline. But as you can see on the chart it has ventured outside the trendline but seldom closes above or below. The distance between the lower trendline and the upper trendline measures just over 11% as measured in a straight line. I am looking to squeeze out 8% to 10% as a swing trade. I have an alert just over yesterday’s high at $218.67. Should that trigger, I will put my stop just below last week’s low of 215.08. That looks like a good risk reward for me. All TBD.
AMEX:IWMLong
by jaxdog
US Inflation, Earnings Season Kickoff, Markets on EdgeS&P has failed to make all-time highs Dow has failed to make all-time highs Nasdaq has failed to make any new highs Russell has failed to make any new highs Oil rips on Middle East escalations Dollar rips on technical support and bear trap play. Dollar is a big component to the stock markets edging higher for the remainder of the year (e.g. dollar strong = market weak, dollar weak = market strong) I'm keeping it very simple and staying patient for any "dip" opportunities on indexes, stocks, and watchlist items I still like Gold, Silver, Bitcoin long as well - again, patient on price action and entries Major News this week -US CPI (MoM, YoY, Core and Reg CPI) -Earnings Season Kickoff - DPZ, DAL, WFC, JPM, BLK and others Thanks for watching!!!
AMEX:SPY
by ChrisPulver
$ENPH In Uptrend Channel?Enphase has been basing for about 10 months after a severe selloff in 2023. That base has been wide and loose until the June – July timeframe where it has tightened up and appears to have established an uptrend channel. I will be looking for a reversal in the coming days to weeks as it is likely that it will head back to the top of the channel. Should it start moving up from here, it could be about a 17% move back to the top of the channel. All TBD. Maybe this one should be on your watchlist as well. Note that earnings are coming up in 3 weeks. Maybe it rallies in front of that event?
NASDAQ:ENPHLong
by jaxdog
2
$DDOG Wedging / Volatility Contraction Pattern (VCP)NASDAQ:DDOG gets an upgrade this morning from DA Davidson to “Buy” driven by strong cloud solutions and expanding security management. That could be a fundamental driver. On the technical side, NASDAQ:DDOG has been basing for about 10 months and has now formed a VCP or Wedging pattern. That is the positive thing on the chart. The negative on the chart is it is below the 40-week MA in yellow and there is a downward sloping 50 DMA, red. Taking all these things into consideration I have an alert set on the upper downward sloping trendline. If it can break that I will look for an entry with a tight stop below the most recent low and just under the 50 DMA. All TBD.
NASDAQ:DDOGLong
by jaxdog
POSSIBLE 5th WAVE TOP WE Min targets have been met. The chart posted is that of the Dow Jones avg . I can now make a strong case that todays high can be the End of the rally from Oct 13 low 2022 the min target was 41958 and could have even reached as high 43100 based on the wave structure I feel it is time to be 90 to 100 % Longs PUTS . See the RSI not reaching new highs and that the QQQ is having a great deal of trouble at my 486 /494 . As to the SOX index I called for a wave C up to end wave B and form the Right shoulder in My weekly head n shoulder TOP .I have thought we could hold up into 9/30 to ideal date of 10/2 I see a Major Event the week of OCT 11 to the 19th . I have told everyone to View the 2007 top formation . BEST OF TRADES WAVETIMER !!!
TVC:DJI
by wavetimer
DIA $392 PT Sep '24 (Repost)Reposting my DIA $392 target price for September (my previous chart was too messy). It's been in a very consistent channel all of 2024. This means SPY should continue lower towards the $500 level through this week. We will need to see DIA hold the $392 level and SPY to stay above $500, which I think is very likely the case as we go into rate cuts 9/18. The rate cut on 9/18 will very likely add much needed boost to equities to go back to highs before a full on market crash.
AMEX:DIAShort
by ARX713