Possible volatility short/equities long shaping up. Still a lot of downside momentum/catching a bit of a falling knife + we'd rather see the NQ fill its gap south of 14400, but it could be time to start thinking about index longs given the levels both stocks and vol are approaching. Given that the Nasdaq still has further to fall before completing its gap fill,...
🚨🚨🚨🚨🚨🚨🚨 1 & 2Yr #yields are falling pretty decently today. This can be very good short term. However....... It's conceivable BAD in the long term (has been historically) IF the curve normalizes. Current rates 2Yr 5.056 vs 10Yr 4.749 The #Fed rarely does things right. I Wonder. Why is that? Can it be by design? #bonds #stocks TVC:TNX
Mastercard is trading inside a Channel Up and today almost hit the bottom. As long as the MA200 (1d) isn't broken, the long term trend stays technically bullish. Trading Plan: 1. Buy on the current market price. Targets: 1. 445 (+14% rise a minimum on the bullish legs prior). Tips: 1. The RSI (1d) prints the exact same bottom pattern as on the May 31st Low. ...
Microsoft / MSFT found support at 309.50, more or less where the August 18th low was priced, and put the Channel Down pattern on hold. It is quite possible for a Rectangle to emerge as a hold of Support A (309.50) would potentially mean a test of Resistance A (341.10). The 4hour MACD forming a Bullish Cross, certainly leads towards that direction. As long as...
Bear rallies tend to be the MOST FURIOUS!!! Be careful but take ADVANTAGE!!! SP:SPX upcoming resistance @ 3 areas: 4280 Moving avg is a little above that (weakest resistance imo). MAJOR = 4330 (it closes above this will post further levels). Keep an eye as the RSI closes in on 50. #stocks DJ:DJI TVC:NDQ TVC:RUT TVC:VIX TVC:DXY TVC:TNX #GOLD #SILVER
Chevron is trading inside a Channel Up pattern with the 1D technical outlook bearish (RSI = 42.924, MACD = 1.030, ADX = 27.596). This is expected since the 1D RSI entered the Buy Zone where the last two HH legs started. As seen on the chart, the price hit the bottom of the Channel Up, a standard buy entry inside such patterns. The slightest rebound will also form...
TVC:DXY on left in all charts (only DJI shown here) DJ:DJI & CBOE:SPX & TVC:TNX on right. Short term we are badly due for some sort of relief rally, we nibbled in this area AMEX:UDOW AMEX:SPXL Not sure how high this can go so we have been nibbling and will sell in tranches. #stocks TVC:NDQ AMEX:DIA AMEX:SPY NASDAQ:QQQ
Historically, the YELLOW support area NEVER holds when TVC:DXY is on its way back down. HOWEVER, the US #Dollar is showing strength. (this is vs a basket of currencies that are also weak.) 1st time it bounced back this hard. This looks like it wants to keep going, longer term. We'll see. This is NOT good for #stocks (longer term). TVC:TNX has been trading closely.
Netflix (NFLX) had a great run since our March 23 long (see chart below) and gave us more than +51% return in 4 months: The long-term pattern remains a Bullish Megaphone and right now the price sits on its bottom (Higher Lows trend-line) as well as the 1D MA200 (orange trend-line), which has been unbroken since November 10 2022. On top of that, the 1D RSI is...
This continues to look like a great LONG and or time to DCA etc. Talk about generational opportunities. Unless your certain its going to $0. Its looking rather tasty RIGHT HERE. I Do think more manipulation comes this year for markets and possibly just Disney. BUT for now i'll play this LONG and IF we go much lower i will begin agressive DCA and plan LONG...
Thirumal chemical 4 hr time frame channel breakout buy @ 218 target @ 234.90, 239.90, 249.60 risk reward 1.8 it just a view trade @ your own risk sl@201.40
JNJ touched Support (1) at 153.20, a level holding since June 1st. Along with Support (2) at 150.10 are the major buy levels for the long term. The medium term Resistance is the MA200 (1d). Trading Plan: 1. Buy on the current market price. 2. If Support (1) breaks, buy on Support (2). Targets: 1. 162.00 (expected contact point with the MA200 (1d)). 2. 161.00...
Alphabet Inc / GOOG is trading inside the well known Channel Up pattern from the bottom of the Bear Cycle and has established itself over the 1day MA50. The 1day MA100 held the recent correction as it has been doing since March 15th. The final box to check will be a 1day MACD Bullish Cross. Buy and target a new All Time High at 155. Previous chart: ...
Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head...
SP:SPX chart we've been showing for a while now. 1 major edit, moved the top arrows a bit to the right. The major difference now is that AMEX:SPY is WEAKER.
The Coca-Cola company has been inside a non-stop decline since July 27th, rending the 1D timeframe technically oversold massively (RSI = 20.830, MACD = -1.200, ADX = 60.609). Even on the 1W timeframe that we are looking at, the 1W RSI (28.402) is on its lowest valuation since COVID. The stock crossed under the 1W MA200, which supported last October (2022), and is...
Island reversal pattern forming for Home Depot NYSE:HD ? Started in Feb 22 almost a year ago after earnings report. If it completes, exceeding 339, then it will be a bullish reversal and 400-420 will be in play. So for next earnings it's possible that price will gap higher. Still watching though. This is not advice. Do your own research and trade your own plan!!
We've made a stink about the TVC:TNX & the TVC:DXY for a VERY long time now. WAY OVER 1 year. They're trading congruent & it's a danger. Short term #interestrates have been stuck for a while. Keep looking for a normalization of the #yield curve! = Long term rates higher than short term (getting closer). #dollar #stocks