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Newyear2021

S&P Analysis Week of Jan 3rd 2021: Happy New Year!Happy New Year to everyone! What will the markets do in 2021? Will we be up or down for the year? I have no idea what will happen this year except that I think we will continue to see big moves to the upside and downside. I would also not be surprised if we have another black swan event. The equity markets continue to be risky so be very careful trading this year. Don't let your guard down because that's when the market will make a fool out of you. I expect markets to give us nice juicy pullbacks that will look like the end of the world. These could be possible long entries or a time to accumulate shares of your favorite companies. This is the first week of trading for the new year. There is a superstition that the first day of trading in the new year will tell you whether the market will be up or down at the end of the year. Do you believe that? How is 2021 starting off? Well, the trend continues to be your friend until the very end. There is a strong diagonal channel that price has been using to go higher. In fact, there are multiple trend lines that are supporting the market going into 2021. Is the market setting up a bull trap or will the trend continue into the first week of trading? It might be smart to wait out the first day or two of trading to get a feel for what the market might be setting up for. However, here are the trade setups. Trade Setup 1: I have a line at last weeks resistance (~3750). Get above that line with a retest and you have a good long probability IMO. Also, technically price has tested around 3720 all of last week so you could be aggressive and take the trade as soon as it breaks above 3750. However, keep in mind that the last week of the year can be misleading. The markets tend to float around and can easily move higher with low volume. Will the market want to retest 3700 when all the traders come back from their holiday time-off? Be ready for anything the first week. If price does come drop below the support at 3720, there is the strong diagonal trend lines drawn in where price could bounce off. The line would support a 3700 retest. Be sure to have a conservative stop loss. Trade Setup 2: I have two short trade setups (trade setup 2a and 2b). 2a aligns with a break over the strong trend line started in the beginning of November. Although a break of this trend line could set off selling, it's not my preferred short trade because of the bullishness of the market. If price breaks down below 3600, then I'm interested in a short trade. Between 3700 and 3600 is no man's land for me, I'm sitting on the sidelines. Remember to never play the breakouts. Wait for a retest and resumption in the direction of your trade. "When it feels really right, it's probably wrong. When it feels really wrong, it's probably right." Be patient and make 2021 your best trading year. Good luck!
CME_MINI:MESH2021Long
by XYZ-Trader-
Mr. West Daily notes Report no. 6Trending up: CAN, DENN, ZNGA, GE, NIO, SNE, PBI, BOTZ, HERO, MICT, Trending down: SAVE, JBLU, CRON, NKLA, Consolidating: REKR, DASH, ROKT, AESE, JETS, NCLH, ABNB, UA, ACB, MVIS, On this date, January 4th, 2021 is the first year the U.S. economy has had severe virus that has taken many lives. It has also crippled many businesses. However, many other businesses became big brands and provided a service for many people to thrive online. Looking at this past year, I have learned a lot. I have learned that there are many ways of investing. The goals of capturing the real estate parcels and invest capital into rental properties was ideal. However, getting the capital is difficult to collect. So, by investing in the stock market, crypto market, and day trading in the stock market is a way to expand the money routine of gaining capital wealth. Looking at the morning market list, most of the stocks have been consolidating for this first week of January. The market has been trending up in certain sectors like the Cryptocurrency. The company Canaan Inc. (CAN) has shown great signs of an up trend due to Bitcoin surging past 32,000 a coin. Since CAN is a crypto mining software company that creates instruments to mine cryptocurrency helps this stock in sales when the crypto market is surging. Needless to say I predict that CAN will rise more and more by the end of this week. Pre-marketed at 7.22 a share, this company has shown many attributes of gaining a support over 7.50 a share.
NASDAQ:CANShort
by Grantw04
A New Year Trade For USDJPY! A New Year Trade For USDJPY! Thank you for reading! Happy New Year! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for educational purposes only. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment. Investment at your own risk.
by GreenfieldAnalysis