Bias: Bullish Top Watches: Long - SNAP, BA, CROX, VZ, META. Short - AR Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning! Tune in to my livestream every Monday & Friday from 10 - 10:45 ET to see real live trading and get a more thorough review of my top watches!
For most of the last year, we held a bearish bias on the U.S. stock market. Starting in 2023, we maintain this stance and expect the market to dive deeper into a recession, dragging the price of SPX much lower from the current level. In fact, before the third quarter 2022 earning season, we outlined that the corporate earnings would reflect the worsening economic...
Looking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the 38.2% Fibonacci line is to form a triple top retail formation. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23,...
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔽 XAU 🔼 WTI 🔼 The US stock market remains closed for the holiday, and prospects for 2023 have improved since investors anticipated slower inflation and interest rate hikes from major central banks. Spot gold closed at $1,823.95 an ounce and then rose to a six-month high of $1,831.64. WTI oil futures climbed...
Stocks closed pretty strong for the year, and the yearly open filled a gap very quickly. At the moment, I see very little evidence that the year will start with a massive dump, especially after 2022 was so brutal for stocks, bonds, and crypto. It looks more likely that things will first go up and then potentially go down. The market resuming its bounce makes more...
Looking at the H4 chart, my overall bias for AMZN is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 85.88, where the previous low is. Stop loss will be at 103.78, where the recent high is. Take profit will be at 69.43, where the -27.2% Fibonacci expansion line is. Any opinions, news,...
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 3906.54, where the 38.2% Fibonacci line is. Stop loss will be at 4028.84, where the 78.6% Fibonacci line is. Take profit will be 3743.73, where the 61.8% Fibonacci line is. Any opinions,...
NFLX has held relative strength for tech stocks. Rising channel on the weekly charts. Daily Chart has a nice little gap fill retest above $300 into $315; Thus providing a nice move especially if tech catches some love starting the year. Keep in mind earnings on (jan 19th, 2023) NFLX calls will be looking for weekly or bi-weekly expirations above $295.50. Invalid...
JP Morgan with a classic bullflag going into Q1 Earnings (1/13/2023). Will be looking for a move 134.75-135 to take a longer call swing into the GP area on the fibonacci retracement. Stop loss at base of flag. Targets in yellow lines.
at any rate the odds we come up to fail the $36 region, set a higher low and move higher seem likely. monthly is oversold diverging.
GOLD, 1H Price may start dropping from 1823 but as usual we expect a STOP HUNT. This may linger above 1833 taking many SELLERS out of the market and also creating BUY opportunities to trap BUYERS before a Steep drop. Tread carefully!
With the start of a new year, 2023, we would like to wish everyone a successful year ahead. Today, the U.S. stock market is closed due to the observed New Year Day holiday. Therefore, we would like to recap the performance of various assets in 2022. Performance of the major U.S. stock market indices in 2022: 1. Nasdaq Composite Index IXIC = -33% 2. S&P 500 Index...
It is important to remember that trading in any financial market carries inherent risks, and it is essential to develop a sound trading strategy and properly manage your risk in order to minimize potential losses.
Hello Fellow Stock Global Trader/Investor! Price Action Analysis PMMP has broken out of the bearish channeling pattern. The breakout accompanies by the Volume Spike and Bullish Marubozu Candlestick. The MACD Indicator made a death cross, signifying a possible upside movement to the target area. Fundamental Drives 1. Indonesia Ended the Covid Restrictive...
In 2022 we witnessed the fastest tightening cycle ever made by the FED. As I have covered before in the beginning of 2022 - the speed of the tightening (no so much the aboslute value) are key in how the general market indexes are going to act. The faster the speed the more pressure the market will see while trying to make a move higher - hence the more bearish the...
2023 WATCHLIST A series of stocks that i will be monitoring at the beginning of 2023 Here is a new issue from the Biomed Industry. Relative Strength (IBD): 97 IPO: 2007 Sales acceleration: Jun-22: 12% Sep-22: 80% Funds acceleration: Jun-22: 708 Sep-22: 743
since November 21 NFLX was on a down trend until May 2022. after a flag pattern appears until December 22. a breakthrough that range will signal a high probability of keep going down Another confirmation could appear on RSI when it goes below 50%.
2023 WATCHLIST A series of stocks that i will be monitoring at the beginning of 2023 Here is a new issue from the Semiconductor Industry. Relative Strength (IBD): 95 IPO: 2000 Sales acceleration: Jun-22: 50% Sep-22: 30% Funds acceleration: Jun-22: 499 Sep-22: 496