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VIX Index at Lowest Levels Since 2017OVERVIEW As of 12/12/2023, CBOE:VIX is at 11.82. There have only been a handful of periods over the last 30 years where stock market volatility is at a similar level, including 2007 and 1994. Some would argue it implies an increasing level of volatility will be due in 2024. What is the VIX? The CBOE Volatility Index, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors often refer to the VIX as the "fear index" or "fear gauge" because it is one of the most recognized measures of market volatility. Here's a breakdown of what the VIX represents: Volatility Measurement: The VIX measures the stock market's expectation of volatility based on S&P 500 index options. It is calculated using the bid and ask prices of S&P 500 index options. Forward-Looking: Unlike many market metrics that look at past performance, the VIX is forward-looking. It provides a 30-day forward projection of volatility. Market Sentiment Indicator: A high VIX value indicates that traders expect significant changes (volatility) in stock prices, which is often associated with market uncertainty or fear. Conversely, a low VIX suggests low expected volatility and is often associated with market stability. Not a Direct Stock Market Indicator : It's important to note that the VIX does not measure the direction of stock market movements. Instead, it measures how much the market is expected to fluctuate, regardless of the direction. Use in Investment Strategies: Some investors use the VIX to help in making decisions about market timing. For example, a high VIX might suggest a market turning point, leading some to consider it a good time to buy, while others might see it as a signal to sell. VIX Derivatives: There are various financial products, such as VIX futures and options, that allow investors to trade based on their views of future market volatility. Risk Management Tool: For portfolio managers and sophisticated investors, the VIX can be a tool to hedge against market volatility or to take a position on future volatility. In summary, the VIX is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. It has become a crucial tool in financial markets for hedging, trading, and investment strategy formulation
CBOE:VIX
by kingthies
7
Gold Price Susceptible to Test of 50-Day SMAThe price of gold remains under pressure after spiking to a fresh yearly high ($2147), with the weakness in bullion pulling the Relative Strength Index (RSI) from overbought territory. Gold Price Outlook The price of gold sits near the monthly low ($1976) as it weakens for the third consecutive day, with a break/close below the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region raising the scope for a move towards $1937 (38.2% Fibonacci extension). Failure to defend the November low ($1932) opens up the $1886 (23.6% Fibonacci extension) to $1897 (61.8% Fibonacci retracement), but the price of gold may track the positive slope in the 50-Day ($1967) should it continue to hold above the moving average. Need a break/close above $2018 (61.8% Fibonacci extension) to bring $2076 (78.6% Fibonacci extension) back on the radar, with the next area of interest coming in around the yearly high ($2147).
FOREXCOM:XAUUSD
by FOREXcom
Is Nasdaq 100 Ready For A Move Towards It’s All-Time High?From the beginning of November till today, indices experienced a strong rally, where some made double digit gains. EASYMARKETS:NDQUSD has been one of those, which added around 12% to its value. But that’s, basically, what the index lost in the period between the mid-July and end of October. We can see that the index is now getting a hold near the previous highest point of this year, at around 16062. Although we saw a few breakouts above that hurdle, still, the price remains below it. Although there is a good chance to see further declines, we would prefer to wait for the body of the weekly candle to stay above that hurdle first. If that happens, EASYMARKETS:NDQUSD may travel further north, possibly targeting the area near the all-time high. First, it may be the level at 16659, which might come into play. That level marks the high of 27th of December 2021. Slightly above it lies the current all-time high, at 16767. That is the highest point of 2021. To consider a move lower, at least in the near term, a drop below the 15719 zone would be required. That zone is marked by the highest point of September and by the current lowest point of December. If that drop happens, this may clear the path towards a larger correction lower towards the medium-term tentative upside support line drawn from the lowest point of January. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:NDQUSD
by easyMarkets
18
AMD Surges After Launching AI chip that Could Challenge NvidiaAMD unveiled its MI300X chip, an AI-centered semiconductor designed to challenge Nvidia's global market dominance. Advanced Micro Devices (NASDAQ: AMD) shares jumped in early Thursday trading after the semiconductor group unveiled an AI-focused chip for the data-center market, which it says could be valued at as much as $45 billion over the coming years. AMD, which in June pegged the total addressable market for data-center chips at around $30 billion, launched the MI300X chip, designed to support generative-artificial-intelligence technologies. And it unveiled a next-generation semiconductor focused on supercomputing, the Instinct M1300A. The MI300X, analysts say, could challenge Nvidia's NVDA dominant H100 graphics-processing-unit chip in the large-language-model AI market. Last month, AMD said the new chip could generate $400 million in fourth-quarter sales while the broader family of MI300 semis are expected to see sales of more than $2 billion over the whole of 2024. Large language models "continue to increase in size and complexity, requiring massive amounts of memory and compute,” CEO Lisa Su said during last night's launch event at the company's Santa Clara, Calif., headquarters. “And we know the availability of GPUs is the single most important driver of AI adoption.” Advanced Micro Devices shares were marked 2% higher in premarket trading to indicate an opening bell price of $119.12 each. Such a move would nudge the stock into positive territory for the past six months. AMD last forecast fourth-quarter sales in the region of $6.1 billion, plus or minus $300 million, with gross margins of around 51.5%. That outlook following a mixed third-quarter-earnings report that showed big gains in PC revenue had partly offset the ongoing decline in gaming. "While AMD acknowledged that its software can be further improved, it has reached the point of being 'good enough' for volume deployment," said KeyBanc Capital Markets analyst John Vinh. He reiterated his overweight rating on the stock following last night's launch event. "We're encouraged that AMD has released a competitive AI GPU within a massively fast-growing (total addressable market), with endorsements by many high-profile customers," he added. Technical Analysis The RSI (14) is at 56.52, indicating a bullish momentum. The MACD (12,26) is at 0.68, suggesting a positive trend. AMD is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AMDLong
by DEXWireNews
5
What Leveraged Bitcoin Is Doing In This MoveA derivative indicator I have used for many years to analyze Bitcoin is the BITFINEX:BTCUSDLONGS symbol on Tradingview which displays the number of Bitcoins held in Leveraged Long positions on the Bitfinex platform. This is an indicator of the aggregate long positions held on margin on the platform. It can be used to see what speculative position holders are doing. Recently, during this run up in the price of INDEX:BTCUSD it seems that the Leveraged positions have begun to unwind by taking profit. They are down -23.5% as of today from the start of November 2023. Analyzing this chart is different to On-Chain Analysis because the Bitcoin involved are all stored internally at Bitfinex. No new Bitcoin are created (because they cannot be) by taking these positions. Rather the Bitcoin that are custodied on Bitfinex and put up for the ability for other traders to borrow and the owners to earn interest are involved in the count. A few takeaways: After months of holding leveraged long positions these traders are taking their profits into this move. By having less exposure on margin the risk of a liquidation event (and liquidation candle) is diminished. Leveraged Long positions are net negative meaning that leveraged positions are not the cause of this upward move.
INDEX:BTCUSD
by norok
9
Top traders' methods: A scenario-based view of the marketsThe best traders think in scenarios of market events. They know from experience that the market can do "anything," so it is better to be prepared for any eventuality. This approach is part of mental flexibility. It can take several forms. Flexibility in approaching the market reduces stress Flexibility in our approach to the market reduces stress - if we are prepared for different scenarios of events it is certainly hard to surprise us isn't it? A lot of stress comes from the fact that we like to attach ourselves to our analysis and our rationale, and we feel annoyed when the market acts differently. If you take several options for the development of events and prepare for each of them - you are already taking into account that, for example, one or even several orders will go to cost. With this approach, you are already prepared for the matter. You also don't succumb to the illusion of your own infallibility and need to be right. Experienced traders know that being right is useless and even harmful, what matters is making money, not being right. Flexibility can promote better profits. Flexibility can promote better profits when you think through several possible scenarios and prepare to... make money on each of them. - If the market falls, I'll do this, enter here and the TP will be here, and if it rises I'll enter at that place and set the TP like this. You prepare your psyche to act according to what the market will do - just like a hunter waits for the game to come out in one place or another. The market's subsequent denial of being "right" can take a toll on your self-esteem, and as you already know, this is an unfavorable phenomenon. Therefore, think in open-ended terms - that the market can rise or fall in different scenarios. Think how you will make money on each of them, and don't be attached to any direction, any behavior and any "right." Think how you will make money on possible ups and possible downs, and don't be tied to any direction, any behavior and any "rationale." Flexibility over the long term In the long run, you can simulate for yourself many different profit and loss scenarios. Especially simulating, recalculating a series of losses works positively. It is sobering. If you are prepared for the worst that can happen, and you are able to survive it and come out on top - you are on your way to professionalism. Be prepared for a series of battles and for the fact that even though you will lose some of them, in the end you must win the war. Tip: When preparing to enter the market, think about where you will enter, where you will put SL and where you will put TP. Think about the different ways you can manage an open order: what are your choices? Exit because the system gives a signal in the opposite direction? Exit because the market froze instead of moving in your direction? Exit because the indications of the indicators are changing? Think through the different possibilities of market behavior. Together with them, think through your reactions and your decisions. If you prepare in advance - the management of the order itself will no longer require thinking, but only the execution of the strategy adopted earlier. Such a situation is more advantageous, because the decision-making process in conditions when there is no pressure is better. If you think through your reactions and decisions earlier order management will no longer require thinking, but the execution of the strategy adopted earlier. Such a situation is more advantageous because the decision-making process in conditions when there is no mental pressure is better. Also think about what can knock you out, pull you away from your plan? What kind of distractions? Pets at home, family, phones? Think about how to eliminate these distractions or how to prepare for them when they occur. Traits of master traders Trading, systems, psyche is something unique. That is, every trader is different. At a certain level, traders participate in competitions, struggles with other traders. At the next level they are left alone, especially the best. And the best of the best start struggling with themselves. They are themselves yesterday's benchmark for what they want to achieve today. Thus, they enter the struggle with themselves, with this most important opponent. Therefore, think about it and imitate them. Be better today than who you were yesterday. And tomorrow be better than who you are today. Your new goal, which will lead you to the level of Master: "I will be the best trader I can be."
Education
by drSwierk
9
Who are PineCoders?People often ask us who PineCoders are. Simply put, we are a group of Pine programmers who aim to contribute to the TradingView ecosystem. Many of the Pine Wizards are PineCoders, yet many PineCoders are not Wizards. We are a relatively small group of just about 40. Our group of programmers contributes to the ever-growing community in many ways. Some may create script publications for users to benefit from, while other members are Pine experts contributing in different, often anonymous, ways. We don't publish a list of PineCoders members because many are happy avoiding the limelight; they do what they do for the love of Pine and our community. PineCoders strive to represent, in a balanced way, the interests of Pine programmers, script publishers and vendors, and the traders who use scripts on TradingView. Oh, and we have lots of fun together. █  WHAT DO PINECODERS DO? Many of you recognize us as the script moderators who operate this account. However, script moderation is only one manifestation of our activities. In the Pine realm, we also:  • Help maintain and evolve the Script Publishing Rules and Vendor Requirements .  • Answer questions in the Q&A forums we support: the Q&A chat on TradingView, the Telegram Q&A group , and Stack Overflow .  • Moderate the Telegram Q&A group and the Q&A chat on TradingView.  • Manage the private spaces where our top programmers share and help improve Pine.  • Design solutions to improve the Pine-related aspects of TradingView.  • Help define Pine-related development priorities.  • Tally suggestions for improvement from Pine users.  • Answer Pine-related support tickets.  • Test new features and changes to Pine.  • Report bugs.  • Publish content from the PineCoders and TradingView accounts.  • Publish a monthly script in TASC and from the PineCodersTASC account.  • Publish Pine-related news in our broadcast channels.  • Select and support our Trusted Pine Programmers for Hire .  • Select the Editors' Picks for Community Scripts .  • Select the yearly Pine Wizards nominees.  • Organize Pinefests , the Pine programming contests .  • Collaborate on the technical documentation of Pine. █  HOW ARE PINECODERS CHOSEN? Any member of PineCoders can propose a candidacy. When our management team approves it, they submit the nomination to our members to cast their votes. If the majority of our group agrees, we send an invitation to the user. We select people who are agile in Pine and interested in contributing to our ever-growing community. We keep our group relatively small but diverse, as we believe it fosters a dynamic conducive to productive exchanges and efficient decision making. █  WHAT'S YOUR RELATIONSHIP WITH TRADINGVIEW? A handful of users launched PineCoders in 2019 with the support of a TradingView co-founder who recognized the potential of uniting power users with good ideas to improve Pine. The official support from this visionary and our daily collaboration with key TradingView teams are some of the main reasons we can successfully realize our projects. We founded PineCoders as a volunteer group, and to this day, the vast majority of PineCoders activities are made possible because of volunteer contributions. As our projects evolved and some work required a few of us to commit to internal TradingView activities, those few also added contract work for TradingView to their volunteer activities within PineCoders. █  WE ARE NOT ALONE Our group does not hold a monopoly on good deeds. Many other Pine programmers also contribute to the strength and liveliness of our unique community. With TradingView being so popular, a constant influx of newcomers to Pine want to learn how to enhance their trading practice by programming indicators and strategies. It would be impossible for PineCoders to support them alone, and it's comforting to see that even today, some people still find purpose in volunteering their time and knowledge to help others. Thank you to all those who help our fantastic community in one way or another.
NASDAQ:SSP
by PineCoders
28
Cryptographic Truth Final Run (Chainlink) (Re-Upload)The fractal continues to play out like the last Chainlink Cycle. I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern. My position is still open from 14.6 and being added to the long position under 14. At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below. According to the fractal, we don't get the real break till the 1st of December; it might look something like this. The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
COINBASE:LINKUSDLong
by Sporia
89
Business Cycle Rotation Part 3Last year I produced several posts that described an exercise that utilizes long term momentum changes between asset classes and the relationship among asset classes to anticipate the business cycle. That series and parts 1 and 2 of this series are linked below. Parts one and two of the series described the general methodology, presented the matrix with the raw data and showed the process used to consolidate the raw data and begin to draw conclusions around the economy's position in the current business cycle. Before I plot the distilled sectors onto a stylized business/market cycle overlay, I plot equities, rates and commodities onto an overlay with the Organization for Economic Co-operation and Development (OECD) Composite Leading Indicator (CLI) for the United States. CLI readings above 100 (dashed red line) suggest economic expansion to come while below the 100 line suggests weakness, and perhaps recession to come. The index is currently below 100 but rising toward the 100 line. So still weakening but at a much slower pace. To help visualize the cycle I plot 10 year rates (inverted), SPX and the Thompson Core CRB index along with the CLI. Viewed in the manner the cycle that began with the bond top appears to be consistent in terms of sequencing. Rates topped, economy (CLI) topped, followed by equities and finally commodities top as the CLI enters the economic contraction phase. Fast forward to todays configuration. In this perspective, despite the sharp rally in early November, while there is room for a cyclic rally, there is no sign of a lasting bond bottom (see next chart). Commodities, while off their lows don't appear to be suggesting a new leg up in the cycle (but may be moving that way). I think of rates as the first mover in the cycle. To believe that the cycle has turned virtuous I like to see ten year rates make a solid top. The ten year note monthly chart has broken above the multi decade downtrend and above the 3.25% pivot. While a bit overbought in terms of momentum and a small RSI divergence is showing up, the structure from the 2020 low is completely intact. Until I see solid signs of a monthly perspective yield top in the two year and ten year, it will be difficult for me to label this as the kind of high that would lead a change in the economic cycle. The distilled sectors are placed onto stylized market and economic cycle sine curves. If markets (dark blue curve) are correctly anticipating the business cycle (grey curve) the business cycle is somewhere past peak, and should be expected to steadily deteriorate over coming quarters. In part 5 we will examine the totality of the evidence and draw conclusions around the current cycle and what it implies for 2024. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Taylor Financial Communications Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
FRED:USALOLITONOSTSAM
by CMT_Association
9
Fibonacci: The FundamentalsApplying Nature's Harmony to Financial Markets From flower petals to far away galaxies, the Fibonacci pattern is found across the natural world. Fibonacci patterns are derived from the Fibonacci number sequence where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, and so forth. Some traders believe the Fibonacci sequence and its derived ratios, like 38.2%, 50% and 61.8% occur in the price movements of financial markets. These ratios are used to predict levels at which assets might retrace or extend their trends. I. Fibonacci Retracements: Add Precision When Timing Pullbacks Fibonacci retracements are based on the idea that after a significant price movement, an asset often retraces a portion of that move before continuing its original trend. The retracement is simply a pullback against the impulsive trending move. Identifying the impulsive trending move is pivotal to drawing Fibonacci retracements. This trending move is known as the ‘impulse leg’ and is labelled X-A on our charts (below). The Fibonacci retracement tool can be overlayed on top of any impulse leg to provide a series of retracement levels generated from the Fibonacci number sequence. Fibonacci Retracement Levels: Past performance is not a reliable indicator of future results 38.2%: This level indicates a moderate retracement. It's often seen as an area where traders might anticipate a reversal or a continuation of the trend. 50%: A key level, suggesting a potential halfway point for the retracement. Traders closely watch this level for potential shifts in market sentiment. 61.8%: Known as the "golden ratio," this level holds perhaps the most significance in the world of Fibonacci – it is the ratio described by Leonardo da Vinci as representing divinely inspired simplicity and orderliness. 78.6%: While not as commonly used as the others, some traders like the 78.6% retracement as it is perceived to offer the greatest potential reward relative to X (the inception of the trending move). However, the deeper the retracement the weaker the trend. Fibonacci Retracements in Uptrends: Past performance is not a reliable indicator of future results Fibonacci Retracements in Downtrends: Past performance is not a reliable indicator of future results Uses of Fibonacci Retracements: Identifying Support and Resistance: These retracement levels often act as potential areas where price movements may pause or reverse. Planning Entry and Exit Points: You can use Fibonacci retracements to plan entry points for trades during a trend and set exit points to take profits or minimise losses. Confirmation Tool: When Fibonacci levels align with other technical indicators or chart patterns, they can provide confirmation for trade setups, adding confidence to trading decisions. II. Fibonacci Extensions: Projecting Price Targets and Beyond Fibonacci extensions are used to project potential future levels beyond the initial trend. They help traders anticipate where price movements might extend. Like Fibonacci retracements, the impulse leg (labelled X-A) is key. The Fibonacci trend extension tool can be overlayed onto your impulse leg to generate Fibonacci-based levels to which the impulse leg may extend. Common Extension Levels: Some commonly used levels are 138.2%, 161.8%, and 261.8%. Fibonacci Extension Levels Past performance is not a reliable indicator of future results Fibonacci Extensions in Uptrends Past performance is not a reliable indicator of future results Fibonacci Extensions in Downtrends Past performance is not a reliable indicator of future results Uses of Fibonacci Extensions: Setting Profit Targets: You can use extensions to establish potential price targets, aiding in setting profit-taking levels for their trades. Predicting Price Reversals or Extensions: These extension levels can signal where a trend might exhaust or where it could extend further, assisting traders in adjusting their strategies accordingly. Conclusion: While debates surround the impact of Fibonacci in markets, the core principles—identifying strong impulse legs, timing pullbacks precisely, and projecting targets—form the cornerstone of price action trading. Next week, we'll explore the synergy of retracements and extensions, delving deeper into the captivating realm of advanced Fibonacci patterns. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Social media channels are not relevant for UK residents
CAPITALCOM:GOLDEducation
by Capitalcom
27
The 2023 Broker Awards: Vote Now! It's our duty as a trading community to support each other, no matter our backgrounds or experience levels. Our annual Broker Awards help traders find the perfect broker for their trading needs. The awards are entirely based on verified reviews from real traders, like you. The best part? Your votes decide the winning brokers. That's right, real reviews and real connections, all from real traders. Be sure to connect to your favorite broker and write your first verified review, if you haven't already. That single vote could push your broker to the top of the list. No vote is too small. Get involved, traders! To learn more about our 2023 Broker Awards check out the the links below. We've got explainers, details, and more for everyone: 1. Our 2023 Broker Awards season is officially open: tradingview.com 2. Visit the 2023 Broker Awards page here: tradingview.com 3. Connect, review and read about all the brokers on our platform: tradingview.com The TradingView Broker Awards are where the world's best compete to show off their brokering capabilities on an international stage. May the best brokers win.
SPARKS:BROKERS
by TradingView
16
Flight Boarding - Grand Theft Auto 6Hey fellow gamers and number-crunchers, gather 'round! 🎮 Big news alert: Rockstar Games is dropping the first trailer for Grand Theft Auto 6 on December 5, 2023! twitter.com Now, for those who live and breathe gaming, no further explanation needed. But hey, to the data lovers and boomers in the house, let me break it down for you. Rockstar is the genius behind hits like Grand Theft Auto, Red Dead Redemption, Bully, and La Noire. Flashback to 2013 when they unleashed Grand Theft Auto 5, which turned out to be the best-selling console/PC-only game EVER. Talk about a gaming legend! Fast forward to now, and GTA 5 has racked up a mind-blowing 185 million units in sales by August 2023. That's across three console generations and PC, making it the cash cow of the entertainment world. Hold on to your controllers because Grand Theft Auto 6 is gearing up for launch, and the prediction is a whopping $1 billion in sales from the get-go! 🤑 Experts are betting on at least 25 million copies flying off the shelves on release day. For the financial gurus out there, I've got the deets on TTWO Rockstar Games history prices in my previous analysis. And if you're eyeing the market, the sweet spot for entering the trade seems to be at that red horizontal line at 146 - 150. But here's the cherry on top: I believe we're aiming for a new all-time high beyond 210! 🚀 So, who's ready for the next gaming revolution? 🌟 Share your thoughts below and let the positive vibes flow! 🚀🎉
NASDAQ:TTWOLong
by GoldCartel
37