Hey guys this is my thoughts about the trade for the next week. We are expecting easing on BoJ News that will be release this evening. the expectation is to be a buy signal for the next week as the market is already refusing the sell positions.
Yesterday pointed out that we were using cash on that dip We had sold decent amount couple days before from the longs of last week. Bought (Sold puts) $MSFT $UDOW $TQQQ $RUN $ZS and others With rates increasing & #FED staying hawkish how are we not going lower? Maybe not here but we've stated before MANY times that #markets don't work, especially now, the way...
Good sell opportunity in $META after this breakout of the uptrend, now targeting double bottom at $125.
Amazon is still in downtrend, but support can be near, as it can be finishing a potential ending diagonal (wedge) pattern within wave (C) of an (A)-(B)-(C) correction from the highs. We are tracking final stages of wave 5 of (C) that can ideally stop somewhere in the 80 - 70 area. Any earlier rally back to 130 level might be signal that bulls are already back in the game.
The Bank of Canada just announced its interest rate decision - leaving as it is at 4.50%. While the decision has been expected by Mitrade, it is also the first major central bank to put an end to months of rate hikes. USD/CAD then added 50 pips to 1.3804, and USD/JPY added over 20 pips to 137.34. Though EUR/USD slipped 6 pips to 1.0544, GBP/USD managed to add 12...
✅APPLE is about to retest a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Nasdaq followed our short term trading plan to perfection and hit both our targets (see bottom chart). Now with the 1D time frame on neutral technicals (RSI = 51.600, MACD = 59.860, ADX = 20.760) but the RSI on a HL trend line, this draws comparison with the January bottom formation. The 1D Golden Cross that will be completed tomorrow and will be the first since...
The Diversified Industrials Industry is expected to have good growth this year. GTLS is in that industry. The stock is developing a bottom with intermittent institutional accumulation at a strong support level from 2022. Percentage of Shares Held by Institutions is very high. When the bottom completes, this will be a good candidate for all styles of...
Oracle - 30d expiry - We look to Buy at 86.41 (stop at 83.42) Price action continued to range between key support & resistance (86 - 90) although we expect a break of this range soon. The bias is to break to the upside. The primary trend remains bullish. Preferred trade is to buy on dips. The 1 day moving average should provide support at 86.40. Posted...
On this chart, we are witnessing an all time high, with multiple tops. Therefore we are short on this one and are expecting a run to the downside. Also the MACD and RSI are both showing bearish indications. We are ready for an entry, as the multiple tops are completed. More details are shown on the chart. Good luck!
ABNB has had a long run to the downside primarily due to global economical reasons, and now seems to have a great run to the upside. We can see that the chart has formed a Cup and Handle-pattern, and is now trying to retest its high of the handle. We will wait for a breakout of the handle, to take our position with the expectation of a return of 26%. More...
On the chart, we can see a head and shoulders forming. It's currently at the neckline, from which a breakout will activate our short position. Both MACD and RSI are showing bearish crossings. More info is shown on the chart. Good luck!
All this documented Check profile for more data --- 10am Yesterday--- 187 is support, going to start nibbling $TSLA here WITH TIGHT LEASH ------------------------ 1026AM updated Interesting that $VIX isn't moving Did the $TSLA & will likely just try & scalp some points $187 is a decent area Sold short March 17, 190 puts, were $9 bucks! $TQQQ done for quick...
The chart I've created here shows yield on the US 10 Year Treasury Bond. The white line shows its percentage change over the last 12 months. The red line shows the S&P 500. It shows the S&P 500 over the last 12 months. What more needs to be said? The S&P 500 is red over the last year while the yield on bonds continues to rise. REMEMBER: with every increase in...
HI TRADERS ✌ As you can see, the desired scenario of the DowJones index is specified on the chart.Currently, it is trading in the range of 33246. I expect the trend to grow to the liquidity range of 33400. Then it will be corrected by collecting liquidity from the 33400 range, we have to see how it will react. If it stabilizes above the range of 33400, the target...
This is custom index of Indian Liquor listed stocks with equal weight. It seems that the whole index is going up and new Russian Market demand is driving the same. Actual increase in profit will come after quarter end but as market is discounting machine price will move up ahead of actual results in expectations.
looking back at historical inflationary support levels...inflation remains sticky and you can see why.
Here we are looking at SILVER on the Weekly TF… As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines. Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and...