Stocks!
Strategy, Support, Resistance - 5/1/2022 - Weekly Stocks/Crypto Last week was a rough one for all risk classes whether you are in stocks or cryptocurrencies. The market continues to grind to critical levels to break lower. Could this be max despair and therefor a buying opportunity? In this video I look at the patterns and levels I see forming and where opportunity may be.
Complete breakdown of SPY/SPX SPY SP:SPX
whats up guys? hope everyone had a good weekend.
jumping right back into the SPY here.
that 415 level i talked about previously was broken with ease
zooming out we see on the weekly as well as the monthly that we still have plenty more room to run to the downside
i expect selling pressure to continue and any "relief rallies" we do see will not amount to much.
if you saw my previous breakdowns of the SPY you would see that I've had a $400 price target for quite sometime
there is a gap fill coming and at the levels we are at now it would seem more likely than not that we see this gap fill come to fruition
the largest red bodied candle ever painted for this asset on the monthly time scale also happened to be a bearish engulfing candle soooo not very bullish
let me know what you guys think of the week ahead. anyone still bullish ? or are you like me and see more downside incoming?
happy trading
BRIEFING Week #18 : The Dollar Trade-OffHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Sector Rotation: An OverviewI have wanted to do an overview video of Sector Rotation for Best of Us Investors for a while. In this video I give a high level view of the theory of Sector Rotation and how it can be used to forecast the flows of money into different sectors at different times in the market. I also include my current analysis of where the next sector rotation is likely to occur.
Strategy, Support, Resistance - 4/24/2022This week we watch for a potential reversal of the selloff in stocks based on VIX reaching a key Resistance. The lows of the year may be tested still. Cryptocurrency still fails to gain bullish momentum as Bitcoin and Ethereum give up supports from the recent rally. Oil may get a bid this week back up to the top of the recent range. Gold and Silver continue to disappoint. BIG EARNINGS coming up this week in Google and Amazon and they have the eyes of the whole market upon them!
NASDAQ trade idea and chart educationHey traders!
Hope everyone has had a fantastic weekend but its now slowly time to get back into the groove of day trading! The New York markets are open today even tough most European markets are closed... which means we will have a chance to finally trade after a long, and deserved, 3 day weekend!
In this video we go over a trade we have on the NASDAQ a trade we started to build and if opportunites present themselves we will continue to build.
Nevertheless, the main point YOU should take out of this video is our analysis and charting process, you will see me map in only the most important and relevant levels and then you see me focus on price action, since PA is the only way the markets can talk to us you all need to learn to read the charts by always focusing on price action (highs/lows)
Anyway, the video explains the rest!
Questions are welcome!
Have a fab day!
Strategy, Support, Resistance - 4/17/2022 - Crypto, StocksThis week we look at stocks, cryptocurrencies, commodities, and stocks making moves. The stock market looks to be inside a bear trend coming off the late March rally. I am looking for a spike up on VIX to mark the next stock market swing bottom. Cryptocurrencies have almost all given up their recent March rallies with Ethereum holding its ground for now. Oil is on its way back up to 112. Gold and silver are showing signs of trying to retest the recent failed breakout high but may just be marking a new consolidation. Tech stocks are giving up the resurgence and value stocks continue to be winners.
MORE PAIN AHEAD FOR THE MARKETS?AMEX:SPY
taking a look at the week ahead for SPY
with markets closed last friday im sure traders and investors alike are eager to get back to the action. ( i know i am)
last trading day we painted a bearish engulfing candle right below a resistance level.
could be more selling ahead before things could possibly get better.
dont do too many video analysis on here let me know what you think!
thanks every and HAPPY EASTER.
Strategy, Support and Resistance 4/10/2022The cryptocurrency rally in Bitcoin, Ethereum, and Solana has stalled but Monero is actually continuing. The stock market this week will open at critical support. There may be one more opportunity to get into the Google and Amazon split rallies before they happen. Gold and Silver bullish breakouts have failed. Oil is sitting at a key support level.
HOW TO: Find the money making stocks, cryptos and FX pairsToday I'm going to be looking to something a little bit different than our normal analytics!
We're going to dive into the tradingview screener! The Forex Screener specifically, but everything I do talk about does also apply to the crypto Screener and the stock Screener. What I want to explain is how I use it to find pairs, stocks and cryptos which are setting up the way I want them to, in order for me to day trade. I show how I use a range of different Bollinger bands to moving averages to overall technical aspects, like growth statistics or reaching all time highs.
The Forex Screener and the tradingview tools that they offer is top of the range stuff. I recommend trying to figure out how to use them and how to utilize them to benefit you in your trading.
Have a listen. Have a look yourself through the Tradingview screener and the different technical aspects in which you can change. I guarantee it'll streamline your process in finding the right pairs that you're going to choose when it comes down to day trading.
I hope you enjoyed it. If you did, please leave a comment and a like. As always, have a very successful week of trading guys. Thank you.
Strategy, Support, and Resistance - 4/3/2022The Cryptocurrency rally continues but should you jump in? I have fielded a lot of messages this week that are pure FOMO. I think traders and investors need to be patient going into this week as most cryptocurrencies have now hit a key resistance from this rally. The stock market is also bullish but where to? Has Oil topped out? Will Silver and Gold breakouts continue or have they failed? Are we about to see a run in EV stocks and Pot stocks?
No One Looking at PALANTIR - Google Buyout coming?True opportunity comes with NO ONE IS LOOKING! Once market participants have written off an instrument as a bad investment... that tends to be the bottom.
Palantir NYSE:PLTR has mostly fallen off the radar of most traders and investors as most that bought it in 2021 during the SPAC craze are underwater. There have now been some interesting developments with Palantir specifically with a Google Artificial Intelligence entering into a partnership with Palantir.
The best advertisement is a rising price. You can be sure if Palantir stock recaptures $20/share the media will look back and point at these events as the "reason." The OPPORTUNITY was really on March 15th and I posted my trade then. This video shows what true technical analysis opportunity looks like and why investors need to leverage trading skills to find the best entries for long term investment opportunities.
My HIGHEST CONVICTION trades of 2022 - Amazon and GoogleThis is the chart video for my Best of Us Investors production detailing why I put Amazon NASDAQ:AMZN and Google NASDAQ:GOOG as my highest conviction trades of 2022. The past tech stock splits of Apple NASDAQ:AAPL Tesla NASDAQ:TSLA and NVidia NASDAQ:NVDA inform my thesis going into these future splits.
The Nasdaq just did THIS - Pullback ComingThe stock market rally is stalling out today and the Nasdaq has hit a key Resistance. Does this mean the end of the recent rally? Is the market heading for a crash? I'm going to look objectively at price action and the VIX to explain my thesis as to why a new All Time High for 2022 is likely.
Strategy, Support, and Resistance - 3/27/2022Catching up to the market moves over the last week. Bitcoin, Ethereum, and all Cryptocurrency is trending bullish with an official bullish breakout since November. I look at the target Resistances for this current trend. Traders and Investors are slowly beginning to accept that the stock market is recovering from the recent correction as the S&P 500 has hit and broken the Resistance. Stocks like NVDA and TSLA are recovering well. I think that Oil may have topped out.
Strategy, Support, and Resistance for Week of 3/20/2022Consistency is key and even on vacation I want to know my levels for the week ahead. The stock market indexes; S&P 500 and Nasdaq, had a huge rally that has brought them and key individual stocks like TSLA up to Resistance Levels. This week's price action will be KEY! Crypto is flirting with breaking out of its recent consolidation but I am being patient. Fear and Volatility about Interest Rates and Ukraine seem to be abated if we look at the VIX volatility index which is really telling the story of this rally.
Weekly Strategic Support and Resistance - 3-13-2022Join me for my Weekly look at key Support and Resistance Levels on Bitcoin, Ethereum, Solana for cryptocurrencies... S&P 500 and Nasdaq for stock market indexes... Gold, Silver, Oil, Wheat, and Corn for commodities... Apple, Google, Facebook, Tesla, and Amazon for stocks.
US30 DOW JONES - UPDATEUS30 multi timeframe analysis- potential new shorting opportunities lining up - only if our entry rules are satisfied.
Stonk-Crypto Update (#10) : Crypto/Stocks ready to Decouple ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Weekly Levels Strategies: Support/Resistance Crypto, Stocks, etcBitcoin, Ethereum, Solana, and cryptocurrencies as a whole are caught in consolidation where a breakout to either side will define the trend. Stock market indexes of S&P 500 and Nasdaq have given a bullish signal but where will that change? Commodities like oil, wheat, and corn are ripping. Gold and Silver are giving bullish breakout signals. Tech stocks are teetering on edge while defensive plays like utility stocks are rising.