DUOL on the 30- minute chart shows a healthy pullback of about 5% from its ATH reached both Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from the pullback to put in the second ATH and then dropped 5%. The question here is whether, CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s...
Short sale Volume seen spiking on UVXY. Data releases today from Chicago Fed showing Economic activity Index slowdown: actual 0 versus consesnus 0.24, prior 0.29; and Dallas Fed Manufacturing Index miss: -17.2 versus consensus -5 and prior -12.9. Dow Jones Industrial Average made yearly lows late last week and again today as it lingers at low 29K. Nasdaq and...
For some time, I've been developing a working theory around how to spot and take advantage of the "buy to close" activity of short side market players. Shorting is inherently a difficult endeavor. Unlike long only players, shorts have additional variables to contend with: borrow fees, short squeeze risk, and the return max of +100% (if something goes to 0). For...
I am looking at potential short positions on OIL related stocks as indicated by this example. Observation Phillips 66 has gone into a bearish mode with swing traders (around 30% of the market) losing on net longs positions with the wider market on average now being at break even. Break-even price levels can mean either 1) important support areas, 2) break...