Build a Secular Bear Market. More Short Squeeze targetsLess than 15 million shares float, Old School Retailer.
this could be the next one to get attention from Ryan Cohen.
squeeze to $30 or Fade to $8
Discretionary
Cycle Peak for BBQ sell now avoid getting smokedAdvocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim:
The fortunate must not be restrained in the exercise of tyranny over the unfortunate.
Bertrand Russell
$SONO back towards $45It has maintained overperformance over the consumer discretionary sector (represented by XLY) but has lost some of its relative strength against it.
It appears that the extra alpha and extreme overperformance is going to be back on SONO 's side based on the chart bottom chart where the relative strength is hitting a level that usually would result in a bounce back.
They have earnings coming up and tend to trade very well after earnings, at least initially. On average based on the last 3 earnings reports, they could have roughly a 25.77% return after this upcoming earnings report.
This is also a holiday/seasonal trade for me. They should have a killer quarter.
The company is also extremely well managed and the product is unbelievable. Sonos isn't going anywhere anytime soon unless they get acquired AT A PREMIUM.
TSX Discretionary heading for 200 dmaAfter making ATH in April this index has spent the last 5 months going sideways.
I am looking for the month to break 2 to the downside and to inevitably hit the 200 dma at the very least.
20 days left on the monthly candle so lots of time left
Be patient
Amazon technical target --> $5000Amazon has been consolidating for almost 10 months.
Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range.
It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again.
Making a measured move from the last time it did this, we get a potential target around $5000 in a 4-5 months time-frame.
To avoid a failed breakout, I would keep on eye on the MACD trend, which has turned positive, but should continue to rise to confirm the move up.
Dow DJI - NASDAQ divergence since June 7, sectoral study PART 2Dow (DJIA) - NASDAQ (IXIC) divergence since June 7, sectoral study PART 1.
Consumer Staples tracking the DJI downwards.
USDJPY For Month AprilThis play is visualize the monthly candle for USDJPY, and also based on the good numbers on NFP.
Inshort, STRONG USD, WEAK YEN until further action from BOJ.
Both are for swing trading, updating this because will be busy next week and probably will take some time off chart as well, will put a buy limit when structure breaks
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
Meituan (10.38%)
Alibaba (7.92%)
NIO (7.42%)
JD (6.98%)
PDD (5.94%)
Ferrari is a good portfolio diversifier from hereWhen growth and inflation around the world are seemingly increasing on a MoM basis, consumer discretionary stocks perform well. We've seen this across the board so far this year, and in the latter parts of 2020. Ferrari is no exception, with a premium luxury brand with international recognition. Recently, RACE has been pulling back, and I'd look to start to leg into a position here, with capital to buy more slightly lower as well. Technically, we're near the bottom of the 2std dev Bollinger, as well as oversold on the RSI 1D/4H timelines. The risk/reward from here is favorable.
Copper possible monsterBig demand for indu metals. Or at least price is going up for some reason. Maybe suriv supply problems?
Been following this one for a while. Could be a time to buy again. I don't even remember how many times I got in and out in the last 3 months.
Not dozens either but more than once or twice.
Anyway in general they (real world use metals) go up this year.
A big scary rapid move down is exactly what I was waiting to see in this market. I hope other buyers got scared and removed their orders (and will buy higher when there won't be big scary moves)
Anyway with a RR huge like this I don't need to win often here.
Worth a shot imo.
Walmart channel + Fibonacci analysisSince late april, WMT has been in an upward channel fighting to stay above the 10sma.
The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively.
The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down.
Watching closely.
AUDNZD confused with AUDCAD (overtrade warning)I totally picked the wrong pair to trade accidentally. There's an unmistakable feeling when you take a discretionary entry, I should have dropped everything I was doing and FOCUSED ON THE ONE TRADE, instead I built a watchlist that caused confusion as I sifted through about 8 trades.
WH - Bullish SetupWyndham Hotels is looking poised for its next bullish leg higher. The stock broke down through a bullish trendline but was able to find support along the 50-EMA line. The daily volume is showing that buyers are showing up as the price seems to be rounding out of a bottom & the RSI has risen above 50 as it exits an oversold condition. My price targets are noted on the chart.
S&P/ASX200 Consumer Discretionary breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.
TGT bullish divergence breakoutTarget has been in a consolidation pattern since June 5th.
Bollinger bandwidth confirms consolidation.
OBV trend suggests the breakout might be upwards.
I would love to see RSI pick up some strength though.
Time for consumer discretionary to outperform? Longs look good with entry/target/stop levels shown on chart.
Probable Short on EURUSDA few concepts about my Price Action Strategies will be revealed as I keep posting the charts. Initially, I used to trade Discretionary Price Action which lead to many disciplinary problems.
Hence, I gradually moved my Price Action Trading onto a more Rule Based Price Action Strategies (Rule Based Market Structure with Discretionary Entries and Exits).
Coming to the current chart, I am considering the last for Swing Points (Swing Low - A candle with at least two higher highs on both sides, Swing High - A candle with at least two lower lows on both sides) on the hourly chart. The Swing Points, ABCD, have given me a Trend Cycle to the Downside, hence giving me a probable Downward Future Bias. C being the Trend Violation Swing, I am expecting the hourly chart to Pullback to B or C depending on the Price Action around the region.
Further, any weakness in the area, and a Failure (Rule Based Failure Setup, will be posted in future charts) leading to a reversal is a Good Short with a Good Risk - Reward Ratio with Targets being D or may be even lower.
XLY: A technical overview of top 3 weighted holdingsSummary: Comcast and Home Depot dragging down price. Amazon is keeping it from falling further
2-Yr Head & ShouldersCan their 6.5% profit margin and $1.2 billion debt withstand a consumer downturn?
