further decay in (uvxy)getting to an area where longs from this morning are breaking even and shorts in broader markets will be squeezed
provided we dont break to new highs in uvxy this is an interesting area to topfish
target for short 11.65
Etfs
tightening range should break soon (spxl)looking for prices above 145.5 or below 144.6 if we break out of this pattern of higher lows and lower highs in the s&p500
setting up the day in (tqqq)i think were in for continued volatility in nasdaq futures midweek this first week of 2022
before the week is out i expect there to be several runs down towards the lows even if we open higher or especially so
its for this reason that i am focusing on the long side as contrarian dip buys come in banking on the likelyhood that the end of the santaclaus rally results in a bounce
as long as we respect the 162 area the long side of things makes sense should we break down below 161.33, set a lower high and trend lower i would be interested in shorting tqqq down to the .5 of extension which is 159.87
for right now my forecasts range between 161.36 and 165.93
short inverse nasdaq (sqqq)broader market health permitting we should be finding a lower high in sqqq and retracing back into the channel below mean regression and vwap
should we set a lower high than 6.15 and break 6 convincingly i wouldnt be surprused to end up around 5.92
tightening range could break either way (tqqq)if we dont acheive reversal by breaking 163.09, setting a higher low and confirming the trend change we will certainly bearflag on the potential for daily continuation
long target 163.63
short target 161.48
multi day runner short nasdaq has bull momo (sqqq)hedge action has added to the price of short room for bulls to work with. we will probably test some area above postmarket lows and move higher in the beginning of next week
tightening range breaking bull so far (tqqq)nasdaq and tech bulls are breaking out of this mornings tightening 15 minute range
with a clear break to the upside and hourly close above rising support and sinking resistance could result in prices above 170
macd/rsi heqding toward overbought signals are above indicator
2022 ICLN Renewable Energy Sector ETFHey the renewable energy sector has underperformed the market in 2021, will look for an entry of $15-16 area in 2022 for a big swing stay updated.
TAN Renewable Energy ETF Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $50 area in 2022 for a big swing stay updated.
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.
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
