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Lesson in Internals - VIX and Advance Decline Signal Risk OFF The market has had a tremendous rally, but as traders we must realize that no rally can last forever, whilst i am bearish on the market over the longer-term (years), you simply cannot argue with the injection of liquidity from the Fed and the market lover Trump, doing everything he can to keep the market afloat. So in the next market pullback, i believe it will be time to buy the dip, that being said, the market internals are extremely overbought near-term, so much so, that if one were to buy at these levels, even a modest pullback could be quite uncomfortable to stomach. With the VIX at extremely low levels over the past few days and record short interest on the VIX, this is signaling a highly complacent market, coupled with a divergent advance decline line, this is telling us to be cautious. So yes, the market appears to be heading higher, but isn't it better to buy it on sale? Be patient.
SP:SPXShort
by Profit_Link
Walmart Inc #WMT american stock buy opportuntiesWalmart Inc #WMT american stock is providing new buy opportunities as it broke all time highs around $105 a few weeks ago created a strong weekly demand level around $103 per share. The long time supply and demand technical analysis for Walmart Inc is bullish, no reason at all to sell this stock or get rid of it if you are already long from lower using other trading strategies. As trend traders we should only be thinking of buying Walmart stock since it has a clear uptrend and bullish bias. There are two possible outcomes for a trade, either you win or you lose. Both outcomes are fine, because your success as a trader is not measured by the result of a single trade, it should be measured over the success over a huge sample of valid trades over a long period of time. We do not follow earnings or fundamentals on our stock analysis, but earnings is usually a catalyst, it helps price to move. If you are a trader that does follow fundamentals then Walmart Inc. is expected to report earnings on 08/15/2019 before market open. The report will be for the fiscal Quarter ending Jul 2019. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.21. The reported EPS for the same quarter last year was $1.29.
NYSE:WMTLong
by AlfonsoMoreno
1
MSFT Reaches My Double Top Target...Now What? Just a brief analysis. There is a possibility that the market will rally higher and that we will see a blow off top, but the DJI has found pretty substantial resistance again above 26000 so we may be about to see the true initial drop of an incoming recession. The December drop was merely the start, and subsequent rally was constructed so that people have another chance to protect their capital. In my last MSFT chart, I suggested there was a possibility for a double top if the recent low couldn't be taken out by the bears. I provided the target for this second top (somewhere in the 110-112 area). If we are to follow this setup, we should see a big drop soon. However, if we build support here and move higher, this idea will be invalidated. Looking at the log chart, once the purple uptrend is broken, we will probably see a much deeper selloff. As you can see, there are some fairly low targets. Things don't necessarily have to play out this way, but I think we need to see some growth slow down, so we can deal with bigger issues as a society (like the environment, for instance). Not financial advice. This is my opinion based on what I'm seeing in the market. Link to previous MSFT analysis at bottom. -Victor Cobra
NASDAQ:MSFTShort
by VictorCobra
3
BTC ITS A FAKE OUT IDEA: So BTC has been getting torched for almost the entire year now, with supports being blasted through and a drop to nearly 3600 the market is started to get exhausted in my opinion. I'm seeing a lot of sentiment of bitcoin going to 1200 and 1000 but i really dont see that happening. I think this past drop was a fake out and here's why. We've formed a massive falling wedge on the daily which has almost 8 touches for the trend lines. Falling wedges signal trend changes. ATR (Average true range) is showing signs of being bottomed out and exhausted which would mean a big move is still inevitable. There's also starting to form a bullish divergence on the RSI with it rising and the price falling. Other things like an all time low RSI of 10 which we double bottomed from have never happened and when they did reach lows about 18-20 they still climbed and price moved up after the 2014 bear market. Other things to take note. Price action on the weekly has doji and rejected support twice at 3500, With selling losing momentum and candles dojing on the weekly. In my opinion i forsee her holding and pushing. Ya heard it here first when it flips! Catch ya later
BITFINEX:BTCUSDLong
by PhilupMyBags
2
BNS IS A MUST PORTOFOLIO STOCK!FUBDAMENTALS Summary 1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters. 2.The company now expects about C$200 to C$250 million of integration costs in the next two years. 3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement. 4.Bank of Nova Scotia should be able to benefit from strong economic growth in Latin America. TECHNICAL OBSERVATIONS 1.We have a descending trendline that will give us the sign for a change of trend if of course we have a break above and a re-test. 2.We can see that price moved above the 200 EMA but the EMA has still negative slope and every time price did that failed to validate it moving again below it.That's why a double confirmation should give us a high probability sign for a buy. 3.We can also see that the EMA strategy we are in consolidation phase on daily chart,but looking under more longterm scope on a monthly chart is a nice buy after a pullback to the mean. 4.Ichimoku clouds are not giving a reliable sign as we are in consolidation phase and they are nor respected. POSSIBLE TRADE ENTRY AT RE-TEST OF BROKEN TRENDLINE ABOVE 200EMA STOP LOSS AT 73$ MONTHLY LOW AND BREAK OF ASCENDING TRENDLINE FIRST TARGET AT 85,50$ PREVIOUS HIGHS SECOND TARGET WILL BE UPDATED IN NEXT ARTICLE! THANKS FOR SUPPORT! KEEP FOLLOWING FOR MORE PROFITS! PLEASE LEAVE A COMMENT,YOUR OPINION OR EVEN A QUESTION YOU MIGHT HAVE!
TSX:BNSLong
by The_Greek_Trader
CVSI - GRAND SLAM - Generational Opportunity - BUY!CVSI is a once in a generation opportunity. The company produces pharmaceutical grade CBD from cannabis. There are too many catalysts to name but the most recent one is that they have applied to move off the pink sheets to the NASDAQ. Also, Canada just legalized cannabis for recreational use and I believe the U.S. will be soon to follow. Lastly, CBD has a lot of promise for health and lifestyle products. CBD is literally being put in to make-up to dog treats. I came home the other night and my wife showed me the new dog treats for my aggressive basset hound. The dog treats had CBD as an ingredient and I checked Amazon to see the reviews. The product had 5 star reviews and everyone loved them. Also, CBD is legal from Hemp in the U.S. BUY BUY BUY! We are beginning the Cycle 3rd Wave now and are making new highs. -AB
OTC:CVSILong
by FibMarketWatch
4
Redfin, ascending triangle formationI know most of my posts are all crypto, but there is a lot out there and the market is very volatile right now. I am in redfin for the long term, but doesn't mean I can't swing trade it a bit in the mean time. If you aren't familiar with Redfin, they just IPO'd last year and are a really solid company. I did buy in around $22 and will look to cycle out at these highs in this $30-32 area. If we get a crash, I am holding on to it for the long term as it has a great game plan. Keep it on your radar. -Sherem
NASDAQ:RDFNLong
by Sherem
2
SHOP: Short Term Correction Before We Hit $205 TargetObservations We are currently in the intermediate 3rd wave of the major 5th wave. Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction. Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib. Target price for the intermediate 5th wave appears to be around $205.00 based on 1:1 ratio of the 1st wave. Side Note: I absolutely love SHOP. It is definitely a great company to be holding long term. I have been in since $32.00 but have sold late October year for about $147.00 to reinvested those gains into my MJ stocks :) Disclaimer For informational purposes only and not deemed as financial advice
TSX:SHOPLong
by modernpicasso
HIMAX STOCK A great buy setup (35-45% Gains Potential)HIMAX Tech. Is an up-and-coming tech stock that has the potential for big gains- so how do we play it? I will be trading the plan as follows on the chart. Make sure to either favorite or follow this chart or my account because I will be posting updates below. This is a stock I have been glaring over and over- and I believe this strategy will be a great short term payer- My prediction? If everything goes according to plan, we could see gains of 35-45% in under two months. COMMENT FOR QUESTIONS AND MAKE SURE TO FOLLOW FOR UPDATES.
NASDAQ:HIMXLong
by samblum_