Relative
Eurozone ($EZU) looks sickly! (3/5)Conviction: 3/5
Seems to be turning down away from LT (2002) channel resistance. RSI-W also signaling further downside.
Looks like there might be an intermediate-term support around -10% away.
All in all.. may be a better risk:reward trade once it breaks down from the white support line. Either way, the trend looks negative.
If you are interested in Europe, perhaps UK will be a better trade.
$ACWX relative to $SPY potential (3/5)Conviction: 3/5
Overall still in LT (2009) down channel, so trade is quite risky... you are trading against the trend...
HOWEVER:
bounced off MT (2018) trend support
RSI looks pretty good
SPY ourperformance against world is pretty outrageous in the last 2 years, so some mean-reversion is likely
Trade duration... 3-5 months.
Much better trade is to wait for breakout confirmation, and wait for entry from likely retest.
VALUE put in double bottom! (4/5)Conviction: 4/5
Value looks ripe for long-term out-performance against Growth stocks (Russell 1000 Value vs Russell 1000 Growth)
Just put in double bottom, similar to what happened in 2000 peak.
HOWEVER, this is bad for general markets, as most of the out-performance that happened last time in 2000 was due to Value GOING DOWN LESS than Growth...
RISKS, the level of double bottom does not seem to correspond to any established support level... so could always go down, perhaps wait until breakout of downtrend to go all in?????
Also, data set is relatively short for Value/Growth relationships, it is known that these relative performances can play out over decades (as you see from Growth out-performance since 2006 ish)... so we only have MAYBE 1 full cycle...
How to use "Volume Records + Alert" IndicatorThis indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals.
What Is Volume Analysis?
Volume analysis involves examining relative or absolute changes in an asset's trading volume in order to make inferences about future price movements.
A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal.
The gradual darkening of the bars is a sign of the strength of the trend.
Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy.
How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
Open the settings window and select the alert conditions as you wish
Click the Create Alert button (or press the A key while holding down the ALT key)
In the Condition section, select the name of the indicator.
Make the rest of the settings as you wish.
Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.
Strong Long 🍏 Bulls will embarrass Bears as Hentai MovieStrong Long 🍏 Bulls will embarrass Bears as Hentai Movie
"Open a long position, and you'll drive a new TESLA model within a week."
We've had a 100% success rate with the variation of the following indicators for more than two months, see our previous Ideas.
🔑 KEY POINTS:
Chart Pattern: Price hit Support Area of Historic Bottoms
Momentum: RSI (Relative Strength Index) hit Support, Advanced Bullish Divergence
Machine Learning (ML): Price Action hit Linear Regression Channel Support
Funding Rates: Negative, supports Bulls
We update our ideas daily and so, don't forget to bookmark this page for updates!
Smart Money Surged in at $1700 - $1900. As can be seen in the relative volume chart attached, a surge of volume came in around the 21st of June when ETH dipped down below $2,000 for a couple of days.
That strong support seems to have helped keep an extended bearish run at bay, and is perhaps sparking a bullish run past the established resistance between $2300 - $2400.
Stocks Spread OutNQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
Tech bubble:
Stocks to Watch Relative Strength Edition The Market is showing some questionable activity, this week I expect the market to by choppy. This is the Relative Strength Edition of Stocks to Watch. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list. I add an additional 2 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
DOW vs SPY... Slightly different POINT of INFLECTION - MUST SEEHi all - I wanted to point out that the DOW is slightly lagging in relative position to the SPY in relation to the inflection points from the August, Sept, Oct pattern that started the Q4 bull run in both.
We can see that:
1. SPY has ALREADY REACHED the first inflection point in relation to the the August, Sept, Oct pattern that started the Q4 bull run in both.
2. DOW is APPROACHING the August, Sept, Oct pattern that started the Q4 bull run in both.
What does this mean:
Some traders closely follow all three majors (SPY NASDAQ DOW)... but some choose one to follow.
While SPY attempts to remount $285, DOW is APPROACHING $25k. This difference in alignment may add to the uncertainty at this inflection point going into the week of April 20th!
Keep eyes on the level on both charts so you can avoid getting chopped out (regardless of your bias long or short).
Thank you to the trading community for taking the time to view my perspective on the charts!
Be well - xeenos trading
Luxury Goods: LMVH vs CFR vs SwatchSwiss Watch exports in Sep 2019 increased 10.2% YoY, improving from 1,7% in the previous month - benefitting from a low base and strong performance in Asian markets ex HK. LMVH reported that disruption in HK is not necessarily being offset in neighboring Asian markets an deman was stable from H1'19. LMVH further stated a 40% decline in HK sales in August and September. Not ideal for CF as it has the largest exposure to HK (12% of sales). Chow Tai Food (HK jewellery retailer) reported a 42% decline in like-for-like revenue over the quarter.
UBS noted that they believe we are near the end of the Lux goods cycle and pointed to Richemont and Swatch as being exposed to the most risk. UBS have placed outperform ratings on LMVH, Kering, Moncler, and Hermes. They site near-term escalation of protests in Hong Kong as well as recent CNY depreciation, as posing the biggest risk to the hard luxury names, Swatch and Richemont.
This chart is to track the UBS investment thesis to stay overweight LMVH and underweight CFR
Morning Ideas November 13, 2019Stuck in the middle of this upper balance.
It's a good thing and a bad thing for the longs.
It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance.
The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat.
VPOC from yesterday is above us and this market is likely to be pretty choppy on the open because we are in an area of acceptance.
Refrain from chasing the market in such environments.
Profitable RSI optimizes 3 parameters!Well, it's just a small public announcement.
I went to this for a long time and now it has become possible. Profitable RSI now handles 3 parameters of the standard RSI indicator to find the best tuple of settings. So, additionally to period setting, the optimizer takes under consideration different Overbought (from 60 to 70 ) and Oversold levels (from 30 to 40 ) for each RSI period.
Four main conclusions from my research (if you gonna trade with RSI):
The OB/OS levels are not necessary to be the standard 70/30 ones. With all my respect to J. Welles Wilder, but those bounds cannot be considered optimal.
The OB/OS levels can be asymmetric. So OB can be 65 while OS is 39. Not 70/30, not 60/40 and not 75/25. Asymmetric ones.
There is no efficient trading with period setting higher than 50.
We can make a feast even from the old indicator
And the last thing I wanted to add - let's not live in the old paradigms. The world is changing, trading is changing and we must change too. Don't be afraid to experiment with something new for you.
The tool I talked about, the Profitable RSI, is here
Good luck, Good health, God bless you
BTC 1h still has momentumDear day traders,
RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope.
Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now.
I am closely watching 8400 resistance and 8100 support level. If we see a bull break the next test levels would be the previous 8600 and then 8900. Otherwise 7800 should be our next resistance, but if we form a higher low (higher than 7800) this would look very bullish, at least on an hourly perspective.
I will update as soon as I wake up tomorrow.
Just my 2 cents. Hope you guys find it helpful.
TXN bull flag Ride the Trend!Sector performing strong
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95
Low price stock candidate - Chosen by our whole brain processOn a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is a growth industry (semiconductors), it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive.
News:
us.rd.yahoo.com
The bollinger bands have narrowed and beginning to widen.
On a weekly: It is above the cloud.
These type of ideas are mentioned in our book Pennies to Thousands, a whole brain process of picking stocks with left brain indicators and right brain intuition. This book can be picked up for the same cost as a commission on a stock and can be purchased on Amazon or other bookstores. You can also watch our Youtube videos which have different videos on right and left brain activities to choose stock candidates. SUBSCRIBE TO OUR CHANNEL: Pennies to Thousands.