Week 4: Sector ETF Expectations I use sector ETFs in my IRA account. Currently, I hold XOP and XLF, and I wish I held XLE. I will try to buy XLP (Which shouldn't be a problem) next week.
For Week 4, I'm expecting XLF to firm up and XOP to come in a bit. XLE would be kind to give me an entry point at prior resistance/ support, but we'll see. Oil looks darn strong at the moment.
XLF (Held), hurt me Friday, but held support.
XLE on fire
XOP (Held), can it hang on and break through resistance?
ETF
Bitcoin Death Cross Scenarios$BTC closed Jan 6th Daily with a bearish engulfing candle, providing indication that selling momentum remains strong.
Unable to sustain long-term mid-channel as support, increasing likelihood of 100 EMA falling below the 200 EMA for an impending "death cross" in near future.
Bearish structures continue, double tops, head & shoulders losing neckline support, Lindsay's 3 Peaks & Domed House.
Overall, macroeconomic picture shows markets are overheated with Fed communicating multiple rate hikes are imminent. Market indicators (M2, PPI, CPI, Rev Repo, etc.) clearly reflect bumpy road ahead.
Bitcoin support levels to watch - Going to $38k
Potential to continue downwards for support at:
1. Best Case: $35k
2. Likely Case: $30k
3. Worst Case: $19k
4. Candle wick low for worst case is potential of $12k to $16k
Invalidation scenarios:
1. Unlikely: Continued QE and "stimulus" delaying an overall major market correction
2. Possible: Market sentiment changes and BTC is considered a hedge to protect principal
3. Reversal: Bitcoin Spot ETF or other catalyst causing inflow of new money or broader institutional buy-in.
Think like a whale!Look at this scenario! There is a good chance that we will see the market top in March. Whales want to liquidate everyone and get your coins! Be careful and avoid perps.
Invalidation: None of the BTC spot ETFs get approved. Top of the market will move to the 2nd half of the year. This is highly unlikely.
$UVXY meltdown preparation *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Some of you may have already noticed, but my team has taken this very bullish market day as an opportunity to close out the majority of our trades that trade with the $SPY. Our bullish stance on most of these companies still stand, but we just don't see any opportunities where we can capitalize and make a profit from them in the near-term.
My team isn't against trading with the retail crowd, but we do not plan to rush to our deaths. Instead we will be investing our funds into a $SPY inverse ETF. Lucky for us this ETF is down -17% today because futures jumped so high today.
This is simply our opinion. Feel free to hold on to your positions, you will be rewarded in the long-term. My team just expects further discounts on these companies in the next couple months.
Closed Trades: $TLRY $CHPT $GORO $PINS $MU $BABA $FB $KOS $CLF $GE $SNE $TARA $LODE $MIRM $CINR
Our Entry: $17
Take Profit: $28
If you want to see more, please like and follow us @SimplyShowMeTheMoney
XLB Nearing DECADE Long 2.618 ExtensionTrading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart).
This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add.
If you get anything from this post please like and share. Start the conversation/debate in the comments :)
Cheers and happy trading!
Casey
S&P500 Index (SPY) Buying on Dips 📈
I bought SPY again.
After setting a new ATH the market retraced to the support line of a major rising parallel channel on a daily.
My confirmation was a bullish breakout of an expanding wedge pattern on 1H time frame.
I expect a bullish move to retest the current high & then to new highs.
❤️Please, support this idea with like and comment!❤️
✅S&P500 WILL KEEP GROWING|LONG🚀
✅S&P500 is trading in an uptrend
Bound by the rising support and resistance lines
And after the price recently retested the support
I think that SPY will keep growing with the target being
The rising resistance line
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Stocks To Watch This WeekWeekly charts showing what is working in the market. I show the ETF first and them some strong names in the group. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 35 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Betting on human tendencies for the long run, ARKQIn trading and investing the crowd is not your friend, this mantra or some derivative of it gets repeated and parroted by the talking heads and investment gurus like a broken record, the irony is that they are the proverbial crowd they so fervently encourage retail investors to avoid. They are correct though, the herd does always loose and so it is no surprise that once Cathy Wood's, ARK brand of funds rose to popularity their stellar performance ground to a halt. This does not mean they are not worth investing in or that the philosophy behind the funds are doomed to failure. Now I am not some massive Cathy Wood fan and indeed I only invest in one of her funds but it is hilarious to watch the talking heads and self-reported experts jump ship and start an almost daily string of criticism after her funds suffer a single year of poor performance. Was it ever reasonable to assume she could continue the performance of recent years, from its inception near the end of 2014 her flagship fund ARKK rose to its peak in Feb 2021 almost 700%, while the S&P 500 rose 95%. In a world where the majority of active fund managers significantly underperform the market did anyone think this was sustainable? Even after a horrid year ARKK is still up 320% while over the same time period since 2014 the S&P 500 has risen 132%. Who can honestly say over a 7 year period they have outperformed the market by nearly 3X not many people I would wager. To conclude I find it incredibly reassuring to see the daily criticism of Cathy Wood as usual the experts will mislead the crowd and just like they were no where to be seen before Woods funds rose to prominence they will fade away and change their tune once they start to perform well again.
So with the above information in mind I would like to remind people why I continue to add to my holdings in ARKQ. ARKQ is one of Cathy Woods fund that invests in robotics and artificial intelligence. I find this fund very appealing over a 20-30 year time frame for one major reason and that reason is human nature. For all of human history people have tried to build machines to accomplish tasks better, faster, or with less effort. This constant innovation has resulted in almost all repetitive and predictable tasks now being automated and performed by robots. The limiting factor until recently has been the inability for machines to complete tasks that could not be easily broken down into repetitive predictable patterns. With advent of AI this will all change and I predict over the next 20-30 years machines powered by AI and equipped with advanced sensors will start to take over an unimaginable amount of regular human activities. The easiest way for a retail investor to benefit from the growth in these industries to allocate their capital to a diversified ETF that invests in these industries. Cathy Wood is a divisive figure but her record cannot be denied, ARKQ is up 272% since inception vs the S&P 500's 138% over the same time period. While 7 years of results during a strong bull market are not conclusive I believe the future will show that this is a good place to allocate capital.
Starting to buy ARKK here.Not a big stock guy but shifting capitol from crypto to diversify into some investments that actually represent tangible companies that make things lol. Strategy is to buy stocks/ETF's at standard classical pattern supports that are down 30-60% and let it ride. I am betting that 8 out of 10 stocks I am about to punt will not go to zero and that 40-60% discounts is a good deal. Falling wedge here and a nice dogi daily candle forming. Not advise archiving thoughts.
SPX500 Index Investing -Popular method yet less known methodDo you know regular & consistent investment strategy leads to wealthy financial asset creation ?
Simple way of doing the investment would result bigger wealth accumulation over a period of time.
It is interesting ,Backtest proves YES it works :)
Have collected data of SPX500 from 23-09-2013.
Goal was to put 500 USD every 7D (weekend ,holidays excluded) & irrespective of Markets accumulate the units.
This goes like this ....
2013-09-23 1695 500 0.294985251
......
......
......
2022-01-3 4788 500 0.104410073
Summary :
Total USD invested : 150000
Total systematic investment : 300 times
Total Units accumulated : 59.73
Current value of the investment : 286059
Profit percentage : 90%
How you can do this kind of analysis,The data can be downloaded from Tradingview .
Go to Menu (top left corner)--> Export Chart Data -Download the CSV --> open the CSV file - keep only Date ,Open,high,Low,Close data and in F column and G colum do the math and sum the data from F1:F300(last row) G1:G300 you will get the accumulation value.
Refer the screenshot i put below in comment section that will show how to do this.
If you like this Comment and like ...
Omicron we didn’t like but let’s try to recoverThe latest covid variant has certainly thrown the market into panic and has caused several collapses including the recent transfer of value by this ETF.
In my previous analysis in November, my idea of increasing the price of ARKF was completely disregarded.
Despite everything it seems that institutional investors have not changed their tendency to reduce the SHORT positions that they had already started, the recent collapse seems to be due mostly to sales by professional investors.
Now a reversal of this wave of sales seems to have begun, so I expect a price rise again.
I’ll mediate the positions already in place, waiting for the ascent.
Soybeans' uptrend back on track After a 6-month correction, the uptrend resumes with strength and it will retest the 28.8 level again. We are long and we expect a break out on this level as inflation is driving commodity prices higher. Moreover, soybean harvests are expected to be smaller in southern Brazil this season as fields suffer from dryness, which could drive the prices up as well.
MJ ETFMG Alt Harvest ETF primed for support bounce!I am finally back from vacation so I can start to post more TA again! I wanted to do some TA on a solid pot ETF I found a few weeks ago that appears to be loading up for a support bounce. MJ ETFMG Alt Harvest is a ETF made up of a bunch of high quality pot stocks. If you go to yahoo finance you can see everything in the holdings basket.
From a TA standpoint MJ has everything going for it to be on a uptrend reversal. Price has fallen for roughly a year now and if we look at previous lows $9 was the ATL. Current price is around $11 and its ATH got up to $45 in Sept 2018. Now while we may not see an ATH in the near future, but i certainly see price growth potential at least doubling from here within a year.
If we look at the MacD on the 10h we are primed for a climb. The total visible range shows us most investors understand an average price of $14. Now while we arent oversold completely on the RSI we dont necessarily need that in order to understand this might be a basic support bounce. With the economy raging into hyper inflation we could see a domino effect of harm to the economy that would increase MJs price naturally; depressed times shows a major increase in substance use. I will personally be going in on this and several other ETFs soon, I wanted to share this one with you guys because of the potential I see in it. I hope you all had a great holiday everyone! Let's make this coming year a profitable one! -DiMarco
An investment resistant to inflation, GNR ETFThe SPDR® S&P® Global Natural Resources ETF (GNR) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Global Natural Resources Index. The index is composed of three sub indices, the S&P Global Natural Resources - Agriculture Index, the S&P Global Natural Resources -Energy Index and the S&P Global Natural Resources - Metals and Mining Index. Each index has a 1/3 weighting and provides excellent exposure to a number of the largest market cap securities in three natural resources sectors - agriculture, energy, and metals and mining.
During times of high inflation, which we are no doubt currently experiencing producers/miners/growers of natural resources are excellent businesses to invest in as they have the ability to easily match prices to inflation and push them downstream to consumers. In addition the procurement and sale of natural resources is a capital intensive business whether that be mining, farming, or drilling for oil. This makes it harder for competitors to steal market share from the large established companies that comprise the GNR ETF. This diversified global ETF is an easy and effective way to gain exposure to businesses that should be less affected by a high inflationary environment.
*Not a recommendation to buy or sell*
SPY (S&P500 ETF) - Pattern, Support, Resistance, Trendlines 2021SPY (S&P500 ETF) - Price Pattern, Support, Resistance, Trendlines - 2021 - Daily Chart:
Price Pattern: potential Triple-Top.
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistance (diagonal yellow lines above current price)
-Trendline Support (diagonal yellow lines below current price)
note: chart is on log scale.
QQQ (Nasdaq ETF) - Support, Resistance, Trendlines, Pattern 2021QQQ (Nasdaq ETF) - Support, Resistance, Trendlines - 2021- Daily:
Price Pattern: potential Head-and-Shoulders.
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistance (diagonal yellow lines above current price)
-Trendline Support (diagonal yellow lines below current price)
note: chart is on log scale.
DIA (Dow Jones ETF) - Support, Resistance, Trendlines 2021 - DayDIA (Dow Jones Industrial Average ETF) - Support, Resistance, Trendlines - 2021 - Daily Chart:
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistance (diagonal yellow lines above current price)
-Trendline Support (diagonal yellow lines below current price)
note: chart is on log scale.