Airline Sector 2022 Target Entry 15.00 area Hey the airline sector has been underperforming the stock indexes in 2021, will look for a entry of $15.00 area in 2022 for a big swing stay updated.
Etfs
nothing stopping utilities from running (utsl)we should still have another bull move somewhere in utilities as defensive rotation continues
vix short (uvxy)were hitting multi day lows in many sectors at once
the climb in volatility should snap back
could target 12.21 again
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.
two directions for cyber security stocks (cibr)if there is bullish continuation in the nasdaq cibr could hit the 53.5 area soon
and if there is return to volatility cibr could revisit the 50.89 area
two different directions for five g stocks (fivg)either were in for immediate continuation of the breakout pattern to above the 42 area or, if the nasdaq isnt doing as well, a pullback to revisit the 40.5 area
two different directions for self driving (idrv)there will be a continued daily downtrend bqck below the 53 area, or a breakout to 54.5 levels
a tightening range that could break either way (tqqq)nasdaq futures have tightened in price action range since the confirmation of daily consolidation in tech
tqqq could hit 170.39 if we break bull, and might see 169.39 if we break to the downside
seems to be going up atm, well see
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
a hard drive to the upside or retracement and bouncetwo directions for the nasdaq
either a hard drive to the upside before volatility returns, and subsequent melt up
or theres another wave of increased volatility immediately, and there is a bounce off the same support area
bear gold miners headed into oversold territorymultiple timeframes are showing oversold stoch, rsi and negative macd for dust
19.74 a target area for bounce
aiming for a touch of vwap (uvxy)uvxy entering bullish divergence territory rsi/macd 13.78 a target for oversold bounce play
XLC SPDR ETF long swing trade ideaI recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC .
The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3 risk-to-reward.
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rebound or continued weakness for clean energy (qcln)either clean energy is making an ernest rebound to the 71 area
or the continued volatility will carry us back to the 64 area
GDX An Incomplete sequence Favors More DownsideThe Elliott wave view in GDX suggests that the main cycle from the August 20, 2020 peak is showing an incomplete sequence. Favoring more downside to happen based on sequence towards $24.80- $21.36 area lower before a turn back higher happens. While the short-term cycle suggests that the decline to $30.05 low ended wave 1 of (C) in 5 waves lower. Up from there, GDX did an expanded flat correction in wave 2 bounce.
While an initial 3 swing bounce ended wave ((a)) at a $31.59 high. Down from there, wave ((b)) also ended in 3 swings at $28.90 low. Then the bounce in ((c)) leg unfolded in 5 wave impulse sequence. In which, wave (i) ended at $30.16 high, wave (ii) ended at $29.95 low, wave (iii) ended at $31.54, wave (iv) ended at $31.19 low, and wave (v) ended at $31.77 high. Thus ended wave 2 as an expanded flat correction.
Below from there, GDX declined in 5 waves lower & ended small wave ((i)) of 3 at $30.15 low. And now doing a 3 swing bounce in wave ((ii)), which can see $31.29- $31.51 area before turning lower again. Near-term, as far as bounces fail below $31.77 high then ETF is expected to fail lower looking for more downside. Alternatively, if it breaks above $31.77 high then it can even see $33.01- $34.77 area higher before seeing sellers again.
Breakout Trendline In ETFMG ALTERNATIVE HARVEST ETFReally Is A Breakout In ETFMG ALTERNATIVE HARVEST ETF to go short ? What do you think ?
Water supply ETF $CGW may explote to the upsideIs in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer AMEX:CGW because it has had better historical returns. But still, could be a good trade.
Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are NYSE:DHR and NYSE:AWK .
Full recovery for the nasdaq (TQQQ)Big tech carrying the market. i dont expect this to stop any time soon, even if we sell off in the interim
continued support for five g (FIVGthere should be continued support for fiveg stocks into the end of the year pushing FIVG back up toward $41
continued support in cybersec (CIBR)cybersec stocks should see additional support through the end of the year pushing CIBR back up toward $53
buy the dip sell gap close (SPY)pretty simple idea. if we gap down spx and we hold some new higher daily low early on, then break above premarket close by a significant margin, the index is a buy until gap is almost or all the way closed
volatility spike still expected by end of wed, thu morning
if we gap up and start to trade up, the higher targets can be used
buy the dip and sell the gap close vix (UVXY)another straightforward idea, invert targets on spy to hedge against es1! calls or spxl shares to add to as you reach sell targets in spx
when pivot is in VIX favor add UVXY when pivot trends toward uptrend in spy add SPXL
The "SPY"Since September 20th, when we get close to the 200 ema (purple), we get a retracement towards the previous high before the next retracement process. A retracement of 61% would take the SPY to $463. The previous high was broken and we have a higher low as we are bouncing off of the 200 ema with a 20/50 cross.
