In this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities. In the...
Thought I published this yesterday, was thinking that the gaps on this might get filled. Not overly optimistic about a run down to 20.35, let alone the one below 20, compromising with an order for a few. Tiny starter position at 20.55 for 14 shares, might just say screw it, we may get get some more bearishness tomorrow or the next week, but as we close in on the...
Do all gaps get filled? No, but sometimes it pays to have an order or two in, especially when the market is as it is - overvalued. PCI seems like a relatively decent instrument to harvest dividends over the long-term, but...as always, I want a better price. Not being overly ambitious in trying for the second gap, tiny position planned, but as always, I like to try...
We are observing 5 exact trend line touches, lack of false breakthroughs. There are five maximums in the resistance line area, as it is shown in the figure. The trend is a classic (training!) linear growth channel and it is comfortable enough for analysis. Historical analysis period (1 year), which was used to obtain the sample, is limited by a red lines -...