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Momentum Indicator (MOM)

ITP has three year resistance in sightThis is the weekly view of ITP. With a float of less than 25 million shares, and around 25% of them short, this chart looks primed for a short squeeze. Today, volume was about 5x the recent average, and was close to double the overall float. Based on the weekly chart, the next level of significant resistance is around $1.50/share. The stock closed at the highs of the day, and after hours it's up even further. If ITP can continue through $1.50 tomorrow, the next area of major resistance is around $2.00, suggesting a potential 30-40% upside from here.
AMEX:ITPLong
by InvestWithThomas
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Slightly Bullish - EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum. - The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created. - Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm. - So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid formation above 1.7020 level. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD. Daily Chart : Weekly Chart :
by Amr_Sadek
2
EURNZD - 17-22 Jan Week trade Plan This is my 17-22 Jan 21 Week trade Plan for EURNZD . FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. So I recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Tuesday and Friday, Also China is having very important news on Monday and Wednesday.
by Amr_Sadek
EURNZD - Daily Outlook for Dec 2020 - Update 2 This is an update to Daily outlook on EURNZD. - Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1. - A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend - A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones. Notes for Next week: Monthly Close : Bearish Weekly Close : Bearish Daily Close : Bullish 4H : Bearish momentum 1H : Ranging Previous daily outlook : FX:EURNZD
by Amr_Sadek
6
NOTES: MACD- MOMENTUM INDICATORMoving Average Convergence Divergence Type of Indicator: Lagging Indicator -Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price. Consist of 3 components 1) MACD Line FORMULA: EMA 12-EMA 26 2) Signal Line FORMULA: 9-day EMA of MACD Line 3) MACD Histogram: FORMULA: MACD LINE - SIGNAL LINE Functions 1) Momentum indicator for Bullish or Bearish 2) Helps in determining long or short position 3) Entry ideas TIPS (Must not be used as stand-alone Indicator) -BUY: When MACD Line Cross over the Signal Line + Reversal Candle/ Pattern -SELL: When Signal Line Cross over MACD Line + Reversal Candle/ Pattern -READY: When the MACD Histogram does not show big changes, ready for incoming big momentum either bullish or bearish Idea sourced from: -Investopedia -YouTube Rayner Teo: MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets
MYX:D&O
by TH_K
AUDUSD 0.70633 + 0.56 % MOMENTUM CONTINUATION IDEA HEY EVERYONE Here's a look at the AUD/USD pair which just retreated to 0.7050 are clinging to some daily gains. * AUD/USD lost its momentum after the climb, US DOLLAR INDEX is staging a technical rebound during the US session and the WALL STREET main indexes register some strong gains today from the fundamental perspective. * The pair is currently trading in BEARISH FLAG which could signal continuation with the bears and the pair just saw a rejection at the roof of this structure looking for a move with the bears on this one. LET'S SEE HOW IT GOES... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
August 22 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Minimal Excess; Non-Separation Of Value; Untested POCs; Gaps Technical: Broad-market equity indices ended the week mixed with the S&P 500 recovering its all-time high on relative strength from the technology sector. Recapping last week’s action, Monday’s higher open on earnings and stimulus talks was followed by a balanced, low-volume session which migrated value to the top of prior balance. The market caught up to Monday’s delta, edging higher overnight on better than expected retail earnings, before liquidating, making a V-shape recovery, and resolving some resting liquidity at and above the $3,390 area. On Wednesday, after the Federal Reserve signaled signs of a difficult recovery, the market left value behind on a spike which repaired some weak structure in the $3,350 region. Responsive buyers quashed Wednesday’s weak-handed initiative activity, driving prices higher into Friday’s monthly options expiration, albeit with minimal participation from the broader market. Overall, the week ended in balance, again. In light of dull participation and poor structure on both sides of the market, attention has to be shifted to other stimuli, such as the cessation of trend in heavily weighted index constituents and decreased dealer hedging flows, among other things. If momentum was to grow faint, there’s the potential for a fast-moving correction of the poor structure left behind by the recent anxiety-driven activity. Still, the path of least resistance is up. Scroll to bottom of document for non-profile charts. Key Events: GDP Estimate; Initial Claims; Consumer Spending; Core PCE Price Index; University Of Michigan Sentiment; Conference Board Consumer Confidence Index; New Home Sales; Jackson Hole. Fundamental: Trading improves as China leads upswing; virus resurgence may delay negotiations. bit.ly Urban markets will recover after pandemic as Americans’ housing decisions evolve. bit.ly The ECB has signaled September to be a key month to read the economic recovery. bloom.bg China: Virus under control, V-shape recovery and strong demand, politics to worsen. bit.ly Majority of fund managers pulled out of LQD even after the Fed announced support. bloom.bg AMEX:LQD COVID-19 coronavirus drop in fuel demand to weaken credit metrics through 2022. bit.ly Fearing shipping crunch, retailers have initiated the earliest-ever holiday sales plans. reut.rs AMEX:XLY Despite recovery, economists suggest an unemployment tsunami maybe coming. bit.ly The peak leisure travel season is ending, and so might airlines’ modest recovery. bit.ly AMEX:JETS American Airlines Group (NYSE: AAL) attracts shorts on suspension of flights. bit.ly Wells Fargo & Co (NYSE: WFC) resumed job cuts, in-line with cost-cutting plans. reut.rs Deere & Co (NYSE: DE) shares hit ATH after company lifted its full-year forecast. reut.rs 3 new U.S. stock exchanges are set to launch by the end of this September. reut.rs Facebook Inc (NASDAQ: FB) weighs the kill switch for political ads after elections. reut.rs Canada June retail sales rose by a record 23.7%, rising above pre-pandemic levels. reut.rs Investor concern over Democratic win and tax increases valid, but overdone. mgstn.ly Eurozone money supply surge will not spark inflation in the near term. bit.ly U.S. dollar loses value and influence as debt rises, tax consequences uncertain. bit.ly TVC:DXY Stimulus has largely been offset by a decrease in the volume of transactions. bit.ly As homebuilder confidence matches record high, mortgage delinquencies rise. refini.tv Rising value of gold is evidence that the U.S. could be debasing its currency. bit.ly Detailed analysis on global venture funding during the coronavirus pandemic. bit.ly Asset managers at major U.S. investment firms encourage stock buying. bit.ly Workers win on Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT). reut.rs Johnson & Johnson (NYSE: JNJ) to test coronavirus vaccine in 60,000 volunteers. reut.rs Delay in fiscal support is negative for the US economy and consumer facing sectors. bit.ly Target Corporation (NYSE: TGT) hit sales record on the online shopping surge. reut.rs Market rally has more to do with asset inflation, which is fueled by liquidity support. bit.ly Corporations will assume the burden of safety, rising costs and lowering capacity. bit.ly People ready to start their household growing again, builders are playing catch up. bloom.bg General Motors Company (NYSE: GM) bets on electric Cadillacs, micro vans. reut.rs Southwest Airlines Co (NYSE: LUV) expects slower cash burn as bookings improve. reut.rs Fed policymakers see more easing ahead to help brace economy, sustain recovery. reut.rs OPEC+ pressed oil nations pumping above targets to cut more in August-September. reut.rs Lowe’s Companies Inc (NYSE: LOW) beats sales expectations on spending surge. reut.rs NY Fed’s index of real-time economic data showed a significant rise in its first revision. bit.ly Inflation is happening in the basket of goods that excludes food, fuel and housing. bloom.bg Analysis confirms the picture of rising income inequality and slowing income growth. brook.gs Sentiment: 30.4% Bullish, 27.2% Neutral, 42.4% Bearish as of 8/19/2020. bit.ly Gamma Exposure: (Trending Lower) 3,109,556,133 as of 8/21/2020. bit.ly Dark Pool Index: (Trending Lower) 42% as of 8/21/2020. bit.ly Product Snapshot: S&P 500 (ES): AMEX:SPY SPCFD:SPX Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX Russell 2000 (RTY): AMEX:IWM TVC:RUT Gold (GC): AMEX:GLD AMEX:GDX TVC:GOLD Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USO TVC:USOIL Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:ES1!
by Physik
GoNoGo senses moment of truth for technologyWhat’s next for the technology sector? Technology has been the leader this year, outperforming the S&P 500 throughout the volatile market reactions to Covid-19. This week saw the sector fail at prior highs and yesterday’s price bar showed a weakening in the GoNoGo Trend. Look to the GoNoGo Oscillator at this critical juncture. When in a strong trend, remember, the Oscillator should find support/resistance at the zero line. You can see this throughout the time period. This is a non subjective level because it means that all momentum is neutral. In a strong uptrend for example, enthusiasm should pick up, and the GoNoGo Oscillator should rally off the zero line helping price make a new leg up. If the GoNoGo Oscillator cannot stay positive and breaks below zero, then we expect price to struggle and the “Go” trend to really be threatened.
AMEX:XLK
by GoNoGoCharts
MSI Momentum Strength Index 2x set Baiynd -Tom1trader Stochastic Momemtum Index - a true strength indix tsi with a moving average signal. This uses the built in with modifications per Anne-Marie Baiynds recommendations - she uses a SIMPLE MOVING AVERAGE for the signal (signal length at 4x the short length seems to work best to reflect actual price action support or resistance) see a YouTube vid (Note: settings in videio have been updated to her most recent recommendations in this code video is entitled "The Most Reliable Technical Indicator I Have Ever Used" Anne-Marie Baiynd also in talks / videos refers to the use of short / long of 4/20 and 6/40 and have combined both of them here this gives a perspective on slightly higher time frame action. USAGE: Generally above and below the black dashed zero line is long or short KEYS: -Plot position relative to zero black, red overbought, green oversold and the gray lines at .25 -.25 Indicator action often more significant out side of the more "neutral" +.25/-.25 area and near or above/below the rede/green dashed lines. -Steepness of slopes Slopes of smi plots relate directly to price action. - -SMI blue relation to its smiple moving average orange and the longer moving average purple. MAJOR FEATURE - The average acts as support or resistance to the SMI and the price unless breaking out is finding primary/secondary support or resistance as well. YOU CAN SEE WHERE SUPPORT OR RESISTANCE MAY BE ENCOUNTERED.(mcuh unlike most indicators) My satandard caveat use at your own risk. Like anyone else I do not know what the next bar/candle is going to do and I place all of my trades with a management plan in place for the worst case scenario. That said enjoy your charting and trading. This was coded starting with the built-in indicator "SMI Ergontic Oscilator / Indicator". You do this by within the Pine Editor select "New" tab and choose the indicator that you want the code for. This populates the editor with the code for the built in indicator and you can modify it to suit your purposes and save it / publish it and etc. Thanks for following this and Keep Smiling!
AMEX:GLD
by Tom1trader
4