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Another Stock Breakout??Stocks have recovered nicely from that huge dip. Trusting our senses paid off yesterday as the S&P hit our target exactly. We are seeing an extension of the megaphone type pattern we discussed a few days ago. For the pedantic, technically, this is not a megaphone pattern, since we'd need higher highs in addition to lower lows. However it does obey the spirit of the megaphone pattern in the sense that we are seeing an increase in volatility. There appears to be a bias forming to the upside which suggest we could see a breakout soon. The Kovach OBV has picked up, suggesting it may be loading up for that breakout. Relative highs at 3937 would be a great target. Expect resistance there as this is a significant level
FX:SPX500Long
by quantguy
2
BABA Sells approaching TP 🎯Entry details are shown on the chart. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out do they. Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
NYSE:BABAShort
by pow_removetheguesswork
2
Buy on Apple now valid... 🍏Entry details are shown on the chart. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out do they. Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
NASDAQ:AAPLLong
by pow_removetheguesswork
1
NAS100 Buy Now Valid... 🤗Entry details are shown on the chart. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out do they. Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
FX:NAS100Long
by pow_removetheguesswork
4
Stocks to Recover??The S&P had an extremely choppy day on Friday. Prices oscillated wildly between 3791, and just below our level at 3867. Currently we are testing the upper bound of that range. The volatility and failure to break through to lower levels coupled with the testing of the upper bound suggests we may see a breakout to the upside today. Watch for 3867, 3887, and 3910 to provide resistance and these should be thought of as profit targets. Eventually we will close the breakout rejection from our inverse head and shoulders pattern from last week but that likely wont happen today unless we get an extreme amount of buying volume.
FX:SPX500Long
by quantguy
5
Dollar General/ DG GREAT BUY Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by opening POP Shelfs in the 'Burbs. If the POP Shelfs are able to take hold then I could see this company keeping par with its 10% revenue growth rate for the next 10 years. For the past decade the GPM has not dipped below 30%. the Return on Equity (for the value investors like myself) has been steadily growing with the last years being 25.5% with a 10 year average of 20%. And with COVID-19 still keeping people out of work and unemployment moderate to high I can see more households stretching the dollar which will grow this company's Revenue. As the families effected will be looking for the bargain stores to save their capital. The Company has ZERO short term debt, but they have no treasury shares. :( so, they have no equity out of the market and i think this particular reason is why i think its more of a "B+" investment rather than a A+ investment. If you're a conservative investor the D/E Ratio for the past year was .43, so that's not bad! with only 4% of their operating income going toward paying off interest on long term debt as compared to the moderate 15%. :) so when they buy their shares back its possible they might be retiring them. the Current Ratio has been a strong 1.5-1.7 for the past decade with a few exceptions, and their retained earnings pool has been steadily growing. Currently its trading under value with a fair market value of 196.xx with Ben Grahams formula putting it around 294.xx. I would love to see the price drop below 185.xx before buying so that way one can maximize their return on investment. If you're a growth investor or value investor this is a great company a solid B+ or A- to build a portfolio on. I would love to see this ABCD pattern complete as a great entry.
NYSE:DGLong
by ARegularGuy
Carnage in Stocks!! 😱Our inverse head and shoulders breakout was very short lived for stocks. The S&P has retraced this entire move and then some. It even broke past the head of our inverse H&S. Currently it is finding support at 3809, but it looks to be getting really comfortable with these lower levels. The Kovach OBV is very bearish, and the oscillatory behavior registers major momentum in both directions over the past few days. For our next level of support we need to appeal to the 3700 handle. We have 3792, and then 3757. If we manage to catch some momentum, we have 3867 which would be nearly a 50% retracement.
FX:SPX500Short
by quantguy
1
S&P500 Long OpportunityShort content here. Chart to the left displays pivot points, and chart to the right displays ema ribbon. Nice confirmation on the 4hr & daily, and I think it is appropriate to go risk on again in equities. I think an equity bubble is pumping up, but I anticipate it continuing on for a few more months. We will be inundated with more inflation woes. M2*V= inflation and I suspect that velocity will pop much higher as the nation opens back up. Keep in mind the average millennials net worth has doubled over the past 4 years according to Bloomberg, and they now make up the largest demographic of the labor pool. My estimation is that travel weary Americans will get out and shop and start spending all that money they are sitting on - especially if we see school loan forgiveness. Not saying I am for or against loan forgiveness -but I anticipate if that kicks off an even higher run up in home builds and building materials. Anyways trade safe! And good luck!
OANDA:SPX500USDLong
by ZenMode
3
Best Stock Trading Ideas!!Stocks have broken out from the inverse head and shoulders pattern we called out yesterday. They first met resistance at 3937, then retraced to 3909. Both of these levels were explicitly called out in our reports. If 3909 fails to provide support, we will see support again from 3887, which is the neckline from which we broke out yesterday. If the current price action is just a retracement, we can expect to make a run back to 3937, and then break out further to cross the vacuum zone to 3963.
FX:SPX500Long
by quantguy
2
Comeback for Stocks??Stocks caught some support off 3810. It seems Powell was able to assuage their fears at least somewhat. Currently, we appear to be forming a small bull flag after that rejection from lows. We could be gearing up for another breakout. Stocks have quite a bit of territory they need to recover and they are oversold at this point. The Kovach OBV is picking slightly, still not in comparison to the selloff, but it could indicate we are gearing up for a breakout. Finally, we appear to have a head and shoulders with a sloped neckline meeting a level at 3886. It is from this level that we will break out if we get momentum. A breakout could take us to the 3900 handle easily, namely 3909, 3927, or 3937.
FX:SPX500Long
by quantguy
1
Stocks Waiting on PowellStocks really took a dive today. It seems the S&P is fearful of what Fed Chair Powell may have to say today. Recall that part of the reason that stocks are selling off is that due to increased bond yields, investors are fearful of higher interest rates, which would dampen the easy money party that stocks have been enjoying for years. We are at a support level right now of 3847, which has further support from the intersection of a trend line and the psychological level of 3850. It is highly likely we will see a bit of support here, and it looks like we are catching a meager bounce at least. The Kovach OBV is bearish, and the Chande is turning over so both indicators are not looking too hot for stocks right now. If we break down further, watch 3825, and if we are able to break out, we will find resistance at 3887.
FX:SPX500
by quantguy
Make-Or-Break for Stocks! Eyes on the Fed 👀Stocks have retraced significantly in what appears to be a megaphone-like pattern. For the pedantic, a proper megaphone pattern requires higher highs as well, which we don't seem to have, but the spirit of the megaphone pattern is expanding volatility which we do see, especially on the down side. These current levels are a make-or-break for stocks. The level 3867 is crucial here, as it is the intersection of a tend line and a technical and Fibonacci level. If we break this we will have a lot of momentum, and could easily slice through 3846 to find support at 3824 or even 3810. Fundamentally, investors are fearful that a rise in the bond yields will result in a more hawkish Fed, and stocks are loving their low interest rate environment and easy money policies. Watch for hints of the Fed's direction when Jerome Powell speaks tomorrow. If you have faith in the stock market, then any dip should be considered a buying opportunity, as once the news is digested, hawkish or not, stocks will likely rip back to highs.
FX:SPX500Short
by quantguy
$JSENRP Nepi Rockcastle. Upper channel resistance Nepi has together with most of the big players in the property space moved aggressively up in the last couple of months. Nepi has now reached the top of a larger channel and into a consolidation phase. This consolidation pattern (flag) needs to be watched carefully. An upper break through the 9600 levels could see a continuation of the upper trajectory. A break down from this flag pattern could see more downside. Neutral position and watching.
JSE:NRP
by KoosKanmar
Stocks Face Volatility Near HighsStocks continue to see volatility at highs. We had a nice burst of bear momentum yesterday as the markets were pretty risk off. We have gotten support from 3887, and this seems to hold. Broadly, the S&P is likely to hold the rather large range between 3887 and 3963. We are at 3909 right now, which is broadly in the middle of this range. It could go either way. The Kovach OBV is on the uptrend, after registering the bear momentum. However, we are at the upper bound of the KRI, and near a significant level, so we may retrace back down to 3910
FX:SPX500
by quantguy
1
S&P 500 Retracement??The S&P is bouncing around between lower levels below highs. Currently 3910 is providing support, but may be forming the neckline of a head and shoulders. Stocks are looking very weak right now. The Kovach OBV is a bit oscillatory, but is broadly flat. The Chande is in the middle which suggests we may be looking at a further retracement. The first level of support would be 3887. This has provided support in the past. The next level would be 3867, which seems to align with a Fibonacci level. If we are wrong, we will know at open. We could easily retrace to 3937, or even back to highs at 3962.
FX:SPX500
by quantguy
1
Stocks Feel the Yield Rally! When to Buy Back??Yesterday, bond prices collapsed and stocks felt the bond fervor as investors clamoured onto higher yields for the first time in over a year. The S&P retraced from highs, but is still clinging to support at the next peg down from highs, between 3936 and 3927. We do appear to see an inverse head and shoulders pattern forming with the headline at 3937. Watch for a breakout from here at open, which would make a run back to highs at 3963. It is doubtful we will break this level today, but if we do 3970 is the next target. If we break down, which may be the case as the S&P looks like it is having trouble completing the second shoulder of the inverse H&S, 3908 and 3887 will provide support
FX:SPX500Long
by quantguy
S&P 500 to 4000!!!The S&P has hit our price target exactly. We had identified 3963 as a potential target using our Fibonacci Extensions several days ago. Currently stocks are ranging, feeling out the new price territory. It could go either way from here. We could see another retracement, which would take us down to 3937, 3928 or 3909 at the most. These would be good opportunities to buy back. If we breakout, the next target its fairly close at 3978. The next level after that is 4009.
FX:SPX500Long
by quantguy