Primary Chart: Two Anchored VWAPS from Important Highs and Lows and Fibonacci Levels Have bears been needing more espressos? Looking solely at SBUX's chart and ignoring most other equities and equity indices, one might suspect the indices had been doing well since May 12, 2022. SBUX put in a trading low on that date and has made higher lows ever since then. ...
Couldnt hold past level now forming a bullish falling wedge. In the past BTC outperformed the stock market but also had pullbacks. Logarithmic regression.
Relative strength is positive RSI needs to cross above 60 should come above the consolidation range of 380 for more strength
NSE:JINDRILL has broken out of multi year base with significant volumes. The stock is also outperforming benchmark index NIFTY 50 since last three months. Only caveat is its EPS strength on marketsmithindia.com is 'FAIR'. Small position can be added on pullback and then watch the trend.
DOTUSD appears to beginning some outperformance compared to one of its peers, ATOMUSD. They are both interoperability tokens that have similar goals and functions. I would personally put them in the same group, but correct me if I'm off base. On a 6 month basis, ATOM has outperformed DOT by a significant amount over the past 6 months depending on your point of...
A bullish divergence with RSI has appeared on the daily relative strength chart of EEM/SPX Also a falling wedge has broken out upwards A period of "Relative" outperformance wrt to the S&P500 may be near for the Emerging Markets
The NDX has been extremely volatile and high-flying in comparison to the DJI. I believe this trend is set to reverse. With the rotation out of the lofty valuations of tech into quality companies with positive cash flow, war chests in their balance sheet to weather any storm and protect their dividend, and P/E ratios that aren't in nosebleed territory. As you can...
Happy New Years everybody! I hope everyone has taken some much-needed time off and enjoyed the long weekend just as much as I did! (aka wine and food lol!) To kick off the new year I've compiled a list of my top stock picks along with my 2021 S&P 500 predictions. I took all weekend researching all of these companies and will update them periodically. For the sake...
Materials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors) Today it is resting on the 100ema, which has been supportive since march 23rd crash. This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout,...
Tesla wave 4 correction over. Tesla wave 5 extension incoming. #1 buy in the market.
1. Market is supported by long term trend line on Weekly Chart. 2. RSI rebounded from support zone, which corresponds to previous rebound from trend line support. 3. Break out of consolidation phase, now trending higher. 4. Sharp price rejection at 120.00 level, which is a 50% Fibonacci retracement level Conclusion: Bullish trend expected to continue to...
My guesses: If the pattern holds, IRBT will turn down to around $102.09 before beginning an upswing again. The RSI is right for this scenario, and the anticipated drop in price before the earnings report on Oct. 23 would indicate a final drop within the next couple of days, followed by a holding pattern until earnings, before turning up. However, I don't...
First time LTC has traded with a negative correlation coefficient. Let's see if LTC can trade more independently.