On Thrusday an important momentum thrust indicator gave a buy signal with NYSE advancing stocks leading declining stocks by better than 1.91 to 1 over the last 10 trading sessions. The Thrust has been backtested by NDR (Ned Davis) and we can see very impressive statistics. I have developed an indicator for this and it is available in my profile. Here is the link too:
Moving stop-loss to break-even to CAT. Currently up +7%
I posted the entry on 1st of January. 2 weeks later I am posting an exit to the trade idea Click below to see the entry post as evidence
If we look at the rising trendline from 2008 you can see that we have a strong support there around 320 SPY . The fibonachis line up pretty well with that too. We also have strong support around that level from the coronadays. If you measure in M2 supply you can clearly see that we should atleast go down to 2000 levels, low as 2008 may be a overreaction. With the...
I have a Bitcoin concept. A zone of potential reversal is indicated with a bearish bat pattern and Fibonacci as well. It may take some additional liquidity from the above-mentioned zones and is predicted to be a fakeout. Finally, since everything is bullish, it will take some time for it to melt.
The main view of this trade idea is on the Daily Chart. The heavily tech-weighted NASDAQ 100 Index (NAS100) is in a double bottom chart pattern setup. The Index sustained heavy declines in 2022. However, during the period October 2022 and December 2022, NAS100 held support around the 10,400 to 10,800 price zone. Initial resistance, or the middle of the W or...
CRWD is currently retesting a key support area between ($90.94 - $102.08) for the second time since its last touch back on June, July, and August 2020. This touch /bounce of support is also in confluence with a 3rd touch of the support area within a massive falling wedge that began to form after CRWD reached all time highs November 2021. In addition to this...
VZ is setting up for a nice bull flag that could surely take us higher. As long as the pattern and all supports are respected I think this will be a good trade to take.
Daily MA is coiling above the 69 VMA +++ Bullish breakout out of the pennant is in progress +++ Range has been quite narrow + Showing similar price action as NFLX. I expect upward pressure to build to test 200 DMA in coming days. Disclosure: Went long yesterday at 50.65...for now I will use that as the stop loss. Target 60.
Here is another view of the small caps index. I posted previously a big drop (see my related ideas lines below) however there is this uptrend that need to be broken to finally say that we are in a bear market. At this moment the market is still deciding where to go. I personally prefer to buy stocks with great potential to the upside instead of shorting. I made...
Pre-market we're looking for RED Sold lil more #stocks after posted we did some selling yesterday (posted elswhere) Have💵& tons of leverage (only use on occasion) $NDX should open around yellow line 11270s $DJI support around 33800s $VIX clobbered, due for bounce Have a great trading day!!!
$DXY is @ range we expected, took its sweet time NOW what? $VIX @ lower end #Yield also at low end $NDX $SPX $DJI $BTC $ETH have had nice runs #Stocks & some #crypto need breather
We are waiting for the closing of wave A for the correction, the rise again, and the big drop after completing the correction
Bias: Choppy Neutral (Leaning Bearish) Top Watches: Tune in to my Live Stream @9:50 EST for my list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
In order to confirm the decline, we must go to 17930 and correct it. Thus, we will make sure to drop
We are waiting for a correction in order to make sure of the upside, and it may come down now. Only the correction is the key to the upside
Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements. Therefore we expect the stock to rise and target the resistance of 138.65, provided it...
NYSE:XOM PEPPERSTONE:NATGAS Oil stocks usally follow natural gas and the price of oil pretty closly. this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil. recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why?? i belive this is because of...