Get started

Equity

Stocks Breaking Out from Bull Wedge Pattern!! 🚀📈Stocks made a run for relative highs but still appear to be having trouble with relative highs at 4272, which was the exact level we called out yesterday. This and 4293 remain hard upper bounds for the S&P 500. At the time of this writing, we are seeing a small uptick, but these levels remain upper bounds in what appears to be a bull wedge pattern forming. The Kovach OBV is trending upwards suggesting a bull price divergence, and therefore we might anticipate a breakout to higher levels. This is a much anticipated breakout as stocks have been holding onto lower levels all week. We were eyeing 4144 and 4122 as these appear to be the barriers to lower levels around 4K. If we are able to solidly break out from the bull wedge pattern, we still have multiple levels of resistance in the but 4327 is the next target.
FX:SPX500Long
by quantguy
NAS100 Off Correction Lows, Rally Towards 14600Trend Analysis The main view of this trade idea is on the 15-Min Chart. It appears that the lows of the correction have been made around the 13000 price level for NASDAQ 100 Index (NAS100). The Index has broken above its short (30-MA), medium (100-MA) and long (200-MA) Simple Moving Averages. There have been positive crossovers between the short and long as well as the short and medium term Mas. The Awesome Oscillator (AO) crossed above 0 and is currently green, which indicates positive price movements. The Relative Strength Indicator (RSI) is off the oversold levels and back above 50. Expectations are for NAS100 to continue to rally off the lows with a target at around 14600. From a different trend following perspective, the Supertrend indicator shows a breakout off the 13000 lows with initial resistance around 13440. Once NAS100 breaks above 14000, expectations are for a continued move towards 14650. Recommendation The recommendation will be to go long at market, with a stop loss at 13550 and a target of 14600. This produces a risk/reward ratio of 2.13. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to NAS100.
OANDA:NAS100USDLong
by Ceddy86
Exuberance Fading in StocksThe S&P saw a nice rally but the hope soon faded. We were able to break 4272, but rejected 4293. Bulls are encountering steep resistance at multiple levels and the momentum we saw just doesn't seem to be sustained. The Kovach OBV has edged up ever so slightly, but has quickly leveled off. We appear to be finding support at 4243, confirmed by two green triangles on the KRI. However we must solidly break 4272, then 4327 in order to begin to establish a bull trend and consider higher levels again. We should see support at 4144, then 4122 which should be considered a floor price for now. In the event of an absolute melt down, if 4122 does not hold, there is a vacuum zone down to the low 4K's.
FX:SPX500
by quantguy
DRD GOLD If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too. It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too. Strikes aside, I think pullbacks will be an opportunity to add to positions. Price targets are highlighted on the chart, with predetermined profit taking prices along the way. Profit taking started today, which also coincides with the strike actioned that was served to Sibanye Stillwater. My price target within 12 months, barring any economic meltdown, is R22 (+- 50% return) My stop loss will be set below R11.50. Disclaimer, I have been accumulating DRD gold since R11,50, and have taken profits recently, will look to add to existing positions again in large pullback like today (9th March 2022)
JSE:DRDLong
by TalkingCents
Stocks Face Volatility... Can the S&P500 Recover??Stocks have pivoted off lows, stubbornly refusing to break 4144, and test relative lows at 4122. There is talk that market participants think that the worst is behind us, especially with regard to the Russia/Ukraine war, which shows no sign of resolution yet. We remain unconvinced and still see much risk to the downside. If 4122 does break, we should be clear to test the lower 4K handle in the S&P 500. If we do find footing, then we must solidly break 4272, then 4327 in order to consider higher levels again. Stocks have remained quite volatile lately, and the Kovach OBV is flat, registering their lack of a clear direction. Trade with caution, but 4144 and 4272 could be ideas for mean reversion trades if this behavior continues.
FX:SPX500Long
by quantguy
Stocks Test LowsStocks have opened in the red this week. The S&P 500 has retraced almost the entire range, from 4408 down to 4144, just a few points away from the relative low at 4122. We are currently seeing a nice pivot from that level confirmed by a green triangle on the KRI. However the Kovach OBV is still quite bearish. The key level to watch is 4122. If this fails to provide support, then there is a vacuum zone below to 4068 and 4009. If we somehow catch a burst of momentum, then 4392 is the next target.
FX:SPX500Short
by quantguy
Early signs of recession When the West were cheering Russian sanctions, seems that no one consulted them properly with people that have to make key economic decisions on regular basis like J Powell. For anyone interested I recommend this article www.zerohedge.com . While current continuation into more established bear market might look like any other short term turn to risk off, the angle and consistency at which stock markets are dropping paired with information like above does suggest we are only at the beginning. My next target for a short term bounce is around 12000, but if things go as some data suggests I would not be surprised to see us closer on IXIC to 10000. If you follow me already on TV, but would like to get a weekly dose of crypto related information and analysis in the future please sign up below thecryptog.substack.com
NASDAQ:IXICShort
by gigisulivan
Stocks Cautious as War Rages OnStocks have been feeling out the 4300's and low 4400's. We made a brief attempt to test 4400, which was quickly thwarted by 4408. It seems that the war between Russia and Ukraine is still instilling market participants with trepidation, especially after Russian forces attacked a nuclear power plant in Ukraine. The S&P 500 has since rejected highs and tested lows of the value area at 4272. From here we could test highs again, but will have to break 4408 in order to consider our next profit target at 4440. From below, if we break 4272, then 4122 remains our anticipated floor, but we will likely see support at 4230 first.
FX:SPX500Long
by quantguy
Bull Wedge Pattern in Stocks 📈🚀Stocks keep edging up, but remain bounded from above by 4380. We appear to be forming a bull wedge pattern at this level, with several red triangles on the KRI to confirm resistance here. The Kovach OBV is slightly bullish as well, suggesting a bit of a bull divergence. If we break out, we have several levels above to provide resistance, but ultimately, the next target is 4440, a relative high from January, and strong technical level. If the breakout fails and we reject 4380, then 4272 should provide support. If not, 4228 should be considered a minimum lower bound for now.
FX:SPX500Long
by quantguy
Stocks Still Undecided as Ukraine Crisis IntensifiesStocks have retraced further from relative highs at 4408. It looked like we might have been gearing up for a bull run to test 4440, but geopolitical woes seem to keep weighing, and two red triangles on the KRI suggest that 4408 is providing prohibitive resistance for now. We have since retraced back to 4272, but seem to have good support there. Currently, we are seeing a brief pivot from 4272, which has brought us to the midpoint of this level and 4408. From here it could go either way, but it is likely we will need some resolve to the Russia/Ukraine crisis to break higher. If we sell off further and 4272 does not hold, then 4228 is the next relative low where we should expect support, then 4122. If we can break 4408, then 4440 is the next target.
FX:SPX500
by quantguy
Geopolitical Conflict Hits StocksStocks have begun to dip off of stepped up efforts with Russia to move in on Ukraine. Russian forces are close to the capital, Kyiv, and markets are reacting. We have strong safe haven inflows, as per bonds and gold, and the S&P 500 has just rejected a relative high at 4389. The Kovach OBV was increasing, but has curved over with the rejection. If we do find support at current levels, watch for a bull wedge or other bull consolidation pattern to form under 4389. If we retrace further, 4245 should provide support. If we are able to break out from 4389, 4440 is our next target, but this is not likely for today.
FX:SPX500
by quantguy
Inverse Head and Shoulders in Stocks??Stocks have picked up, but the markets have quite a bit to digest. The Ukrainian president is meeting with Russia to discuss terms, which may give the markets some hope to the resolution. However, sanctions are slamming Russian banks and the world is fearing oil supply issues. That being said, we appear to be seeing an inverse head and shoulders pattern forming with a neckline at 4364. The Kovach OBV has picked up tremendously from where it was when stocks were at lows this week. This suggest a bit of a bull divergence, and a potential breakout could take us to 4440. If we retrace further, we could test lows again at 4122 but 4245 is likely to provide support first.
FX:SPX500Long
by quantguy
Reverse Head and Shoulders Setup on SPX, Target at 4480Trend Analysis The main view of this trade idea is on the 15-Min Chart. There appears to be a reverse Head & Shoulders chart pattern setup on the S&P 500 Index. The Left Shoulder is seen around 4250 support level. The Head of the chart pattern setup is observed around the 4120 price level. This is initially seen as the lows of the current S&P 500 Index correction. The Right Shoulder is seen around the 4240 support level. The Neckline of the chart pattern setup is constructed from the lower highs of the 4360 and 4295 resistance levels respectively. This setup produces a target around the 4480 price level. At the time of publishing the S&P 500 Index broke above the neckline and is currently rallying towards the 4480 target. A breakdown of this setup will be observed if the S&P 500 Index were to break below the neckline. Recommendation Given the current price levels. The recommendation will be to remain neutral until a buying opportunity arises. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
OANDA:SPX500USD
by Ceddy86
Stocks Swing After Markets Weigh Russian SanctionsStocks had a wild ride yesterday. We sold off to 4122, where we found support and retraced the entire move back to 4293, over a hundred points, before retracing a bit to the mid 4200's. This degree of volatility in the stock market makes it difficult to foresee what today or next week has in store, but we may be starting to form a massive inverse head and shoulders with a neckline in the mid 4200's. The Kovach OBV has picked up from lows suggesting there is real buying happening as stocks bottomed out. If this is the case, then we can expect the S&P 500 to make a run for 4364 again, then 4440. If not, we could retrace the entire move back to 4122, but this seems less likely.
FX:SPX500
by quantguy
2
What the Russian Invasion of Ukraine Means for StocksStocks have plummeted after Russia attacked Ukraine. We were seeing an inverse head and shoulders type pattern forming with a low of about 4272, but strong bear momentum smashed through this level and headed down further into the 4100 handle. Currently, we are finding support at 4122, where a green triangle on the KRI is providing support. After that, there is a vacuum zone to 4068, then 4009, the very last level in the 4000 handle. It is likely stocks will try to jostle for footing, so expect some volatility today. We could retest 4272 again, but that is most likely the ceiling for today.
FX:SPX500Short
by quantguy
S&P500 - LongsOANDA:SPX500USD Currently being supported by the 200 moving average, we are seeing outbreaks of the war talks with this morning we have seen, Russian troops attacking Ukraine. Historically, we can see that buying invasions and wars like this is generally profitable with the S&P rising dramatically during; Vietnam war, Gulf war, afghan war, Iraq war and Crimean crisis. I will be watching price action for long term buys, I believe we will see all time highs in equities by summer this year (June/July 2022).
OANDA:SPX500USDLong
by AaronSLuce
EOG Breakout, Target 115Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock EOG displayed 2 bullish instances over the last couple of months. The first occurred during July to September 2021 where the stock made a reverse head and shoulders chart pattern. The completion of this move took EOG back above its long term trend. The 2nd instance materialized when EOG approached the June 2021 resistance at around the 88.25 price level. It appears that the stock has broken above this resistance. Expectations are for EOG to rally towards the 115 price level. Failure of this will be known if EOG declines back below 88.25 On the Daily Chart EOG appears to be making another leg higher, with resistance seen around 115. Technical Indicators EOG is trading above its long term MA and the Supertrend is in bullish mode, complementing the bullish nature of the chart. The Awesome Oscillator is above 0 and green. Recommendation The recommendation will be to go long at market, with a stop loss at 87.50 and a target of 115. This produces a risk/reward ratio of 2.62. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NYSE:EOGLong
by Ceddy86
NAS100 to Rally Towards 17200Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The NASDAQ 100 Index (NAS100) is currently testing resistance, after declining a little over 8% in the month of September into early October. In mid-October NAS100 broke the downtrend trendline and steadily rallied back towards 15720 resistance. A clear breakout from this resistance level established in early September should take NAS100 towards 17200. A failure in this potential breakout will be known if NAS100 declines to 15260. On the Daily Chart NAS100 is making a leg higher with the uptrend intact. Technical Indicators Currently NAS100 is trading above its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. There have been positive crossovers on these MAs, indicating a bullish trend. The RSI is also above 50 with the KST making a positive crossover. These technical indicators are implying that the uptrend for NAS100 will continue. Recommendation The recommendation will be to go long at market, with a stop loss at 15260 and a target of 17200. This produces a risk/reward ratio of 2.99. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to the NAS100.
OANDA:NAS100USDLong
by Ceddy86
Russell2000 Held at 2100 Support, Counter Trend Move to 2280Trend Analysis The main view of this trade idea is on the 15-Min Chart. Support appears to have held at around the 2100 for the Russell 2000 Index (US2000). This is corroborated by the US2000 crossing above its medium term (195-MA) moving average. Also the Supertrend broke above its 2146 resistance above the last trading session. When observing the technical indicators there is a unique pattern on the Awesome Oscillator (AO) and the RSI. There is positive price divergence with the indicators. The AO is above 0 and the RSI is greater than 50. It is expected that US2000 rallies towards the 2280 price level. Failure of this move will be seen if US2000 declines below 2100. The Point and Figure chart as well is showing a bullish reversal. Support is seen around 2110 and the Index rallied above its short (30-MA), medium (100-MA) and long (200-MA) moving averages. There are also positive crossovers with the short and medium as well as short and long term MAs. The AO is above 0 with the RSI trading above 50. The longer term view remains corrective for the US2000. Resistance is observed around 2185. Recommendation The recommendation will be to go long at market, with a stop loss at 2100 and a target of 2280. This produces a risk/reward ratio of 1.70. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to US2000.
OANDA:US2000USDLong
by Ceddy86
Can Stocks Break Out??Stocks have been struggling to find footing in the wake of Russia tensions. As we mentioned before, stocks found support at 4272. A green triangle on the KRI confirmed the support here. We are currently attempting a bit of a pivot from here, with 4364 providing resistance for now. We are seeing a (rather messy) inverse head and shoulders type pattern here with a "neckline" at 4364. If we are able to break out from this, we will surely see resistance at 4440, then 4580. The Kovach OBV still is not convinced of any bullishness at this point, and is remaining at lows for now.
FX:SPX500Long
by quantguy
Stocks Selloff with Russia TensionsStocks turned sharply lower as the Russia/Ukraine crisis has escalated. Putin has sent troops to separatist regions in the Ukraine and the UK and EU have suggested to respond with sanctions. We have retraced the range fully, testing 4272 once more. Recall that this level has been in our reports all this month, so you should have been prepared. We are seeing support here at 4272, and appear to be attempting a pivot from this level. However the Kovach OBV is still bearish, suggesting that we may be seeing some headwinds. Our next target is 4364, then 4440. We should continue to have support from 4272 in the event of another selloff, but if that breaks, then 4245 is the next level where we can expect support.
FX:SPX500
by quantguy