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Spy500

S&P 500 - How Deep Will This Correction Go?Since the Covid crash, the Stock Market has been on an unstoppable steep upwards trajectory. This carried out through 2020 and the whole 2021. I've never seen the Stock Market climb this high and this short amount of time. With the current state of the economy with rising inflation, food & supply shortages, spending cuts and coming interest rate hikes... I do not believe that we can continue at this pace in 2022 without a deeper correction. We drank the juice and got caught up in the overly bullish mentality. We have to remember the laws of Supply and Demand. Markets never go up at this steep without a steep correction at some point. I'm seeing the 3,500 - 3,800 range (38-50%) as a likely area that this correction may fall to. I could see it falling as low as 3,200 - 3,500 (50-68%) as well. It may fall straight down into these areas or it make take place over the next couple of months but these are the areas I'm watching. I'd be weary of being overly aggressive with continuing to buy at this time. It is possible that many retail investors/traders will get bull trapped. They may take this market up just a little more and then drive it down further. When there's a lot of uncertainty, it's not a terrible idea to just hold your money and until the market has bottoms out before getting aggressive with buying again. And as of now, it is not clear if this is the bottom yet.
SP:SPX
by TraderFromTheNorth
4
🔥 Bitcoin Following Stock Market Double Crash Fractal?Bitcoin is currently in the middle of a very strong correction, with this week being the most volatile (bearish) week we've got since the May-21 correction. Yet, the correction might go even deeper. It has become apparent that BTC is following a pattern that we've seen before in recent history. When you look closely you can clearly see that BTC is mimicking the stock market from 1997-2009. A double top, correction, and reversal which was slightly deeper than the previous support, making a fake-out. After this fake-out, a massive reversal took place, which stocks have been enjoying for over 13 years now. This is a highly subjective analysis. For a start, the SP500 chart is based on monthly candles where the BTC chart is on weekly candles. Not saying that we're going to exactly follow this pattern, but it offers a decent long-term perspective nevertheless. Happy trading!
AMEX:SPY
by FieryTrading
16
SPY, SPX, the Markets right now.Hello Traders, Every once in awhile there are times where I think every trader might want to take a step back and look at the macro-environment, even the technical traders. Historically, midterm years do often have pullbacks - they usually have their affects later in the year; however, we're seeing that midterms are relevant now. Within this macro-environment. This pullback is quite similar to the one we had in Sept/Oct. Pay attention to that Daily 200 or Weekly 50. Bulls hope for a bounce, Bears want a break, of course. IF there is one, I'm looking at around 434, 426, 417. If we bounce here or shortly after here: 447, 450, maybe around 460 before some churn PA (range bound price action). Remember: these years are more volatile, so caution is key, maybe half your normal risk. With all of that said, so far, the price bounced almost to the penny off the trendline I drew last night and a fib on my algo. I also calculated a max price drawdown estimate from the chart pattern (worst case scenario) it's only a little bit lower, right on the Daily 200 about 438.96. Another personal guess: after today slow decline over a few days to to 434-8ish then a small bounce, small pb, then return to uptrend, but I'm getting way ahead with data we don't have yet, so we shall see what the 1st move is and go from there. Cheers, Mike
AMEX:SPY
by UPRIGHTTrading
2
SPY Super Predictable.Hello Traders, It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat. In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend. Now, this is where it gets a little more exciting. IF TODAY CLOSES ABOVE THE NECKLINE, which happens to be the trendline, or one of the upcoming days... There is a potential IH&S (inverse head & shoulders aka H&S bottom). I realize that is a little tight with that right shoulder only a point or so away from the bottom of the head, but technically it still applies. Since it is I would guess that this means there could be more Throwback (moves down before up) and this would hurt post breakout performance. Note: this IHS could totally wipe since it's unconfirmed so far. Also, the target is not a prediction of date, could happen sooner, could happen later. The other wrench is the throwback, if we see a lot of it, the target will significantly be reduced. Even if we decide it's not going to be a IHS it's still an (Eve & Adam) double bottom with a fast reversal on the Adam side, so bullish either way. With all that said, I think we are looking at a nice little melt up to end the year and pending any crazy news, we should also have a pretty bullish January. So move all of your doomsday predictions out at least a month bears. Good luck and Merry Christmas. Sincerely, Mike ****Be sure to Like, Follow, Support****
AMEX:SPYLong
by UPRIGHTTrading
2
SPX500 volatility is back with good opportunitiesNever trade on news. Follow the support and resistance levels to find the direction and the right trading opportunities. Using Aspen Trading S/R levels, we can see the support at 4559 level and short term resistance at 4616 level. Aspen Trading S/R levels are invite only and can be accessed through url in my profile information. These levels can be drawn automatically on your charts and increase effectiveness in placing and managing trades. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FX:SPX500
by tradingswift
SPY (S&P500 ETF) - Pattern, Support, Resistance, Trendlines 2021SPY (S&P500 ETF) - Price Pattern, Support, Resistance, Trendlines - 2021 - Daily Chart: Price Pattern: potential Triple-Top. -Resistance Price Levels (colored horizontal lines above current price) -Support Price Levels (colored horizontal lines below current price) -Trendline Resistance (diagonal yellow lines above current price) -Trendline Support (diagonal yellow lines below current price) note: chart is on log scale.
AMEX:SPY
by NoFomoCharts
2
SPX - Is it possible the bubble hasn't even begun?What you see here is a ratio of SPX vs. the M2 Money Supply. Many inverse head and shoulders patterns in this chart, which should resolve to the upside. FYI - M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits. tldr; The FED is likely to continue printing money, creating a massive bubble and ultimately lead us into a crisis sometime this decade. #CancelTheFED
TVC:SPX
by Jigstack
8
Buying Kohl's (KSS) for a move up to $70!We've recently opened a LONG $KSS position using 2.59% of our equity. 💎 Macro framework The U.S. stock markets have managed to stay on track with their outstanding bull run with less than 2 weeks left until the end of the year. It's true that we've seen some short-term spikes of volatility in the markets mainly driven by the uncertainty around the new COIVD variant (Omicron) and the highest inflation CPI readings since the 80's that we recently got. It seems that the global supply-chain issues are here to stay for longer than market participants expected, which is undoubtedly a worrying fact for the Federal Reserve. The severe supply and demand imbalances that we are seeing in the global economy are a direct product of these supply-chain issues and the weaker labor market. However, non of these market risks was able to substantially bring down the US equity markets. Furthermore, it seems that since Jerome Powell officially "dropped" the word "transitory" from the Fed's rhetoric in their last meeting, the market has already priced in a hawkish stance in their upcoming meeting this week. We believe that the Federal Reserve will continue to be extremely cautious with their tightening actions as they are very well aware of the risks and repercussions that a faster tightening policy could have on the markets. Thus, we are still expecting to see a strong year-end rally for all risk-assets once the uncertainty around the ongoing Fed meeting goes away. Why does investing in US mid-caps make sense at this stage? Year to date, the mid-cap-centric S&P 400 Index has climbed 20.4%. The large cap focused: Dow Jones - 16.8% S&P 500 - 24.3% Nasdaq Composite - 20.4% The small cap focused: Russell 2000 - 12.4% S&P 600 - 23.1%, It's obvious that, mid-cap stocks have been among the best performing stocks so far in 2021. Adding qualitative mid-cap companies to your portfolio could significantly optimize your portfolio position as a result of the meaningful diversification that they can bring. In many instances, mid-cap stocks combine the attractive features of both small and large-cap stocks. Mid-cap companies that have a strong market position in their respective industries, skilled and experienced senior management teams and are enjoying economies of scale can see their stocks moving sharply higher as a result of the companies' ability to enhance their profitability, productivity and market share. There is quite a lot of uncertainty in the market and as a result improving the diversification of your portfolio through the addition of some of these stocks could be significantly helpful for you. You see, if the economic impacts of the new COVID strains are more severe ahead than what the market currently expects, mid-cap stocks will be less vulnerable to losses than their large-cap counterparts, as a result of their more domestic exposure and operations. On the other hand, if we don't see any further worsening of the crisis, these stocks are expected to perform better than their small caps counterparts due to their well-established management teams, broad distribution networks, brand recognition and ready access to the capital markets. The company is a great Value pick, which we bought and sold earlier in the year for a profit of more than 30%. The company is part of an industry that we would like to increase our exposure to - "Multiline retail"- as we believe that the industry has already experienced a major correction throughout the last few weeks, which now presents an attractive buying opportunity. The main reason for adding $KSS and $M at this point is that we expect to see these companies capture a large portion of the heavy consumer spending that we anticipate to see in the next 4-8 weeks The Company 💎Kohl's Corporation $KSS operates family-oriented, department stores that feature quality, national brand apparel, footwear, accessories, soft home products and housewares targeted to middle-income customers. Headquartered in Menomonee Falls, WI, Kohl’s Corp. operates more than 1,100 stores across 49 states. Despite in general being recognized as place with lower selling prices, Kohl's also offers a plethora of private brands, which are characterized with much higher gross margins. Exclusive brands including Food Network, Jennifer Lopez, Marc Anthony, Rock & Republic and Simply Vera Vera Wang are developed and marketed through agreements with nationally-recognized brands. Valuation 👉 $KSS has a P/B ratio of 1.51. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. The lower the reading is, the better the company is valued. The company's current P/B looks attractive when compared to its industry's average P/B of 2.52. From a Value investing standpoint the P/S ratio is also a metric that we need to look at more closely. This ratio is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. KSS has a P/S ratio of 0.46. This again compares favorably to its industry's average P/S of 0.64. Last but not least, we should also point out that KSS has a P/CF ratio of 6.19. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their current and future cash outlook. $KSS again looks as an attractive Value pick from that standpoint as its P/CF ratio is lower than its industry's average of 9.96. 📈Technical Analysis📈 From a technical standpoint, the stock also looks attractive as it has recently experienced a steep 23% correction and is currently sitting at a strong support level where buyers are expected to come back to the stock. The stock has been a victim of the constant and volatile sector rotation that we've seen in the recent months and we believe that the selling is heavily overdone at these levels. The stock is currently resting right around its 200-day moving average and right above the strong horizontal and psychological support level of $47. The relative strength index (RSI) shows that the positive momentum is coming back into the stock and we expect the see the stock challenging its 52-week highs around $64 in the next 6-8 weeks. Our 4-6 month target range for the stock is $70-80 where we would be interested in exiting our position in the stock. Follow and copy us on eToro (@Dowexperts) for more detailed market analyses, profitable trading ideas and a consistent portfolio performance! Kind regards, @DowExperts
NYSE:KSSLong
by DowExperts
Fear and Greed indicators for SPX broader market - Crash 2021?Looks like the indicators are pointing very much downward. During the last five trading days, volume in put options has lagged volume in call options by 38.17%, among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors. Bonds have outperformed stocks by 4.09 percentage points during the last 20 trading days. This is close to the weakest performance for stocks relative to bonds in the past two years During the last month, approximately 14.93% more of each day's volume has traded in declining issues than in advancing issues Only junk bonds are not following the fear trend... yet?
TVC:SPX
by cheerfulcamel007