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Retracement In Stocks??Stocks have formed an extremely narrow range at highs. This is an extremely common behavior after an asset has made strides especially to the extent that the S&P has. However it does appear to be running out of steam. The Kovach OBV is still very strong, but has plateaued a bit, suggesting that momentum is waning. Additionally, although we have been seeing higher highs and lower lows, the hallmark of a bull trend, the extent has decreased with every attempt, forming an overall arc pattern. The signs are pointing to a correction in stocks or at least a sideways correction for a bit. If we do have a correction look to 3909, 3898, or even 3882 for support. These are a mixture of technical and Fibonacci levels. We are completely aware of bubble forming thanks to free Federal Reserve magic papers. So if stocks do breakout they will contend with 3937 first.
FX:SPX500
by quantguy
A breakout may be about to happen / NVDAToday we will analyze the current situation of NVDA - We can see a Massive consolidation that started in September 2020 to Date (160 days) - From a Technical perspective we can consider it as a Flat Triangle - The way of trading this structure is waiting for the breakout above it (that's the signal that the pattern is active) where we have the green line - Stop-loss can be set below the whole structure - We can use Fibo Extenssions to define the possible target or we can use the higher trendline of the ascending channel (In this case we have a convergence between those levels) - First fibo extension will be the level we will use to protect our position (risk-free) and we will aim to close our setup on the 2nd fibo extension - Take into consideration that this type of movements may take 3 to 6 months to be completed (patience is key in this discipline)
NASDAQ:NVDALong
by ThinkingAntsOk
4
Stocks At Highs!! Retracement??Stocks have continued their ascent but are slowing down. Indeed, we are seeing higher highs, but at a decreasing extent. This suggests that a healthy retracement is coming. We are still 100% in bull mode, and would still solidly be so even with a retracement to 3824. A 50% retracement of the Fibonacci levels shown is much more likely, which could bring us to 3871. Of course, this assumes a healthy market not the bloated, fed fueled bubble of a stock market we have now. It is also perfectly reasonable under these conditions to break out again to new highs. If so, 3937 if a good target. Either way, it would be extreme FOMO to enter a long trade at this point, unless you expect an imminent breakout for some reason.
FX:SPX500Long
by quantguy
Stocks to Retrace from ATH'sStocks are facing some resistance at 3909, after breaking new highs once again. Our Fibonacci extensions predicted a price target of 3928, which the S&P will hit once it is able to break through 3909. It is likely that it will retrace from here first. The Kovach OBV was strong but has plateaued, and the chande (purple line) has dipped notably. We are still bullish of stocks but must note that the pendulum has swung to the bull side, and it's natural for it to swing back before another push for all time highs. The levels 3867 and 3848 will give us support. Currently we are finding some support at the psychological level of 3900.
FX:SPX500Long
by quantguy
A clear corrective structure on NIO INCGeneral Description NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. NIO was founded in November 2014 by William Li, the Chairman of Bitauto and NextEV. After launch, several companies invested in NIO, including Tencent, Temasek, Baidu, Sequoia, Lenovo, and TPG. Technical View: -On January 8, the price broke a range between 40 and 54 with a top on 67 -After the ATH, the price started a corrective movement finding support on the broken range -Now, we expect a breakout of the current corrective structure, and we are looking for a target at 84.00 -Our Entry level is above B, and our stop loss is Below C. We will use the First fibo Extension as a Break-Even level and the second level as the Final Target. -IF everything goes as planned, we expect a movement between 30 to 50 days towards the Final Target.
NYSE:NIOLong
by ThinkingAntsOk
1
FOUR - LONGTechnical look good. Only downside is there isn't much space to the upside. There is a lot of resistance around the $75 area. However, due to recent news and trend they're more likely going to the upside than down. -Bot shown on chart but it's actually a 50% retracement on larger swing low and 61.8% on shorter swing. -Bounce back of previous resistance and trend line touching is a good sign. However, each bounce is a higher potential for a break. But in this case the trend hasn't broken so the trend is your friend. Previous support looks like resistance so would like a bullish bar breaking that to show upwards potential. And would Ideally enter on the PB. Small position in now and larger on the PB of the break. I'd take profits at $75 and let the other half run further with a tighter stop. ---- SHOULD the low break. Upwards trend is done it'll maybe range for a cycle or two then continue down.
NYSE:FOURLong
by kappyman
Consolidation ready on CRM / waiting for the breakoutToday we will share a long setup we are waiting for. On CRM we are observing a 150 days Flag pattern completed from a technical perspective - The Flag pattern is supported on a broken ascending trendline - The confirmation level to activate a setup is the green line. IF the price reaches that level we will open long positions towards the First and Second Target (Fibo Extension) - The invalidation level for this idea is below the Corrective structure, also that's a key level to set stop-loss orders - If everything goes as expected, we think the movement can take about 4 to 5 months. If you have any doubt don't hesitate to write us a comment below!
NYSE:CRMLong
by ThinkingAntsOk
1
Stocks Make New Highs!! Next Targets??Stocks broke through to new highs yesterday. The Kovach OBV suggests there was a lot of momentum here, and there had to be. The S&P formed a double top back in January validating the importance of 3867. It broke through and is currently having trouble with 3887. This is a level we called out last month, which was a Fibonacci Extension. The S&P is pretty extended right now, so we can expect a retracement, perhaps off 3887 to highs at 3867 or perhaps 3848. No one can deny the momentum in stocks, the Kovach OBV is quite strong. So eventually we will break through 3887 and hit 3928, then 3937. These are two somewhat proximal levels garnered from Fibonacci extensions. Note the vacuum zone between current levels and these targets. If the S&P is able to break new highs, it should sail through to those targets soon after.
FX:SPX500Long
by quantguy
2
A Boomer's Guide To WSB's LingoI’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades. WallStreetBets Lingo I wanted to do a special episode today that’s for us, the older people. The Boomers, The Gen X, & well, basically everybody above 40. See, it has been such a crazy week. There has been insane volatility and volume on stocks like GME , AMC , BB , and then recently Silver. Most of it has been in the hands of the WallStreetBets crowd, and it’s really easy to get overwhelmed with what exactly these folks are saying on the WallStreetBets forum. I mean, they’re using terms like “tendies,” “YOLO,” and “boomers.” So today I want to help you and me to cut through the noise and define some of the terms that you might be seeing on WallStreetBets if you’ve been going to this forum. GME & WallStreet Bets Recap Now, before I do this, let’s take a minute to recap what’s been going on. You see, WallStreetBets is a popular forum on Reddit with millions of followers. At the time of this writing, they have now about 8.2 million followers. That’s up from around 2 million at the beginning of the week. They decided to go after hedge funds, especially short-sellers, and chose a few heavily shorted stocks as targets and drove prices up. Now, ultimately, these short-sellers are the ones who are mocking the small account traders, had to close their positions at a massive, massive loss. Now the most famous being talked about is (GME) which is GameStop. Wow! It went from around $40 all the way up to $418, but then the stock went down, mainly because of the extreme limitations that online brokers put on the stock. Robinhood, for example, was only allowing traders to buy 20 shares of (GME). I mean, come on, that’s a joke. WallStreetBets Lingo Now back to why I’m writing this article. You might have been peeking into the WallStreetBets forum to see what’s going on, and you may have been confused by all the terms they’re using. This is why I want to show you the ten most common terms that you’ll see on this forum, and I’ll explain to you what they mean. 1. STONKS Now, “stonks” started as a meme a few years back and was used in reaction to what others thought were bad trading stock choices. Now on WallStreetBets, it is used as a more general term for stocks that they might be trading. 2. NEWBIE The term “newbie” is an easy one, and it refers to a rookie trader who is new to trading. 3. BOOMER Now, we are talking again about boomers and a “boomer” is what the WallStreetBets crowd used to describe an older person. Somebody actually called me a boomer. I thought that being 51 years old made me apart of Gen X, but I guess boomer has become more of a generic term for anyone over 40 or so, at least in the WallStreetBets forums. 4. BAGHOLDER Now, another popular term being thrown around is “bagholder.” What are bagholders here? Bagholders are traders who have taken a heavy loss in a stock. In other words, they’re left holding the bag. In the WSB's forum somebody said, “Glad I found a WSB, I like the stock, and all of you guys and I don’t mind being the bagholder now or in the end.” This is a person was suffering a pretty massive loss, and this is what would be referred to as a “bagholder.” 5. TENDIES You may have also seen “tendies” being used quite a bit, and tendies refer to the profits a trader makes off a stock. Traders like to use that chicken or drumstick emoji when they’re talking about tendies. There was an awesome individual, on the forum who posted that they were using some of their GME tendies to buy Nintendo switches from GameStop and then donated them to a children’s hospital, which I think is amazing. 6. YOLO One that you may have already heard is “YOLO,” and it’s an acronym for You Only Live Once. Someone in the forum said, “Just YOLO’d 330k dollars to keep this party going to the moon.” We’ll talk about “to the moon” here in a moment. I’ve also seen it used like, “Hey, I just wired it, I yolo’d it.” You only live once, right? 7. DIAMOND HANDS Number 7 on this list is “Diamond Hands.” When somebody mentions diamond hands, it means that they’re holding their position no matter what. Even when they are suffering through some massive drawdowns, so the diamond and the hand emojis are also used in reference for diamond hands. One of the most famous diamond hands on WallStreetBets, is someone who posted a $5,000,000 loss, but overall, he still nicely up. But, hey, look, that is a big loss. This is where you need diamond hands, right? 8. PAPER HANDS So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it. So these are the people who are selling GameStop right now. All right. 9. APES So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it. So these are the people who are selling GameStop right now. All right. 9. APES So you’ll see things like “apes stay strong” or also sometimes you’ll see “I’m happy that I’m with you degenerates” because this is what they are referring to themselves in this community. So it basically means that this is a community, and they’re in this together. 10. TO THE MOON Now, the last one here is “to the moon.” that already mentioned. So to the moon is their profit target, right? “Volume is low. Don’t believe the news. GME is going to the moon.” and this profit target is fairly wide open. For GME at some point, the target was defined at a thousand. This is a very, very high-profit target, which seems to be “the moon” they’re referring to, and traders are also using the Rocketship emoji to reference to the moon. So these are the top 10. Summary Me personally, I am staying away from these crazy stocks, or stonks, right? They’re fun to watch, but I personally prefer SRC profits. So what does this mean? It means profits that are Systematic, Repeatable, and Consistent. I know sounds super boring, but you see, it works very well for me. I’m getting too old for the YOLO mentality, you only live once. And you see, just yesterday I wired my January profits from my trading account into my checking account. It was a little bit over $21,000. Boring? Yes, but it pays the bills, right?
NYSE:GMEEducation
by rockwelltrading
9
Flag Pattern above key Support on PGToday, we will share a bullish view we have on Procter & Gamble Co. a) After making a new ATH from JUL 2020 to NOV 2020, we saw a corrective movement that found support on the ATH before the Pandemic. b) Now, we can observe a key Support zone with a Flag pattern above it. c) Flag Patterns are considered continuation structures, and the confirmation level is when the price goes above B d) We expect a bullish resolution of this stock. IF the price reaches our confirmation level, and a bullish movement towards the First and second Fibo Extension.
NYSE:PGLong
by ThinkingAntsOk
2
S&P 500 Imminent Breakout!!Stocks are clinging to support at 3825. They have held a very narrow range between this and 3848 or so. It could really go either way from here. A narrow range always precedes a breakout, so whatever the S&P does, it is going to do with force. We are very close to all time highs, and these will not be easily broken. It will take some momentum to pierce through. If so, Fibonacci extensions suggest 3887 is our closest target. After that, we seem to have a bit of a vacuum zone before two Fibonacci extension levels at 3927 and 3937, just 10 points apart. From below, watch 3810, 3792, then 3758.
FX:SPX500Long
by quantguy
1
A Game Well Played (GME)Yes, I actually presented the possibility of a massive short squeeze to all-time high levels for GME stock back in October. Here is the original analysis: There were clearly some opportunistic investors who bought the lows on this one and made out like bandits. Unfortunately I wasn't one of them (I made the initial post by request). Even those who bought below $5 and sold at $30 did very well. The idea was that GME might actually be undervalued. Even Michael Burry ('Big Short' fame) had invested in the company. Time will tell if Gamestop can restructure in such a way that proves profitable and time-enduring. But clearly, this stock is a fan-favorite. The Millennials involved in the short squeeze certainly have an affinity for nostalgia. Just look at Nokia and AMC (remember when we could go to movie theaters?) Many on WSB are now wondering what's going on, clearly. The herd-mentality is quite extraordinary, and together a large group of smaller investors was able to squeeze whales out of their positions. Unfortunately, the wealthy elite are the ones with the liquidity and access to massive amounts of borrowing. In numbers, when people collaborate they can certainly have an impact, and it's inspiring to see that happen here. HOWEVER, human nature always takes over, and people get both fearful and greedy. These emotions drive the markets. Big investors have the wealth to afford short term losses. In their mind, the market always goes up long term, so they will be able to recover their losses. But the wealth disparity is so great that when an individual risks their life savings on something like this, it will take a very long time to recover. So the fear is correspondingly much greater, and that fear makes the stock owner a paper hand. To really have "diamond hands" you need to be able to stomach losses of 50% or greater. Those who bought GME above $300 (I suspect there are a lot of them) are already down to less than a third of their original investment. The name of the game is always liquidity. Unfortunately, after Robinhood restricted orders, buying pressure eased up, allowing prices to fall. Charts were going around displaying "low volume sells," but that's not the entire picture. In reality, it's the lack of buyers. Even though there aren't that many people selling necessarily, price can still drop if there are even less buyers to eat up the supply from the sellers. So price has dropped right back to where I'd expect it would - roughly near the previous all-time-high. Psychologically, the $65-75 range should be a moment of maximum pain for anyone who bought during the meteoric rise. And therefore, their panic-selling should provide the most liquidity for new buyers. If GME is to actually move up again, I expected these levels to be tested. This is the first time I see a potential buying opportunity. If GME falls below $65, it can head right back to my trendlines and much lower support levels. This is the risk. If one believes in this company's value long-term, these are the levels to look for entries. And yes, it can go all the way back to $15-17 and still remain in an uptrend! Here it is zoomed in, so you can see my trendlines more easily. The green horizontal line is the previous ATH There is still a chance for further squeeze action (yes, even towards those ridiculous $1000+ targets), but GME will need to hold above my trendlines, and ideally above the previous ATH. Ultimately though, once the final squeeze is done (if there is one) I expect the stock's price to fall back to earth and land somewhere in the $10-20 range. We'll see! I am not personally buying GME unless it gets back into that range and shows some promising business moves. But the $65-75 range is where I'd look for the first line of strong support, if I were trading this (previous ATH). Right now I'm looking to begin investing for the long term after building some capital using crypto market gains. Currently, I'm building small positions in stocks/ETF's that I think have room to grow, despite very precarious economic conditions. I do think we're nearing some sort of climax to a large debt/asset bubble. I'm very curious to see what happens in the next few years. Perhaps sectors other than big tech (green energy, new infrastructure, marijuana, nuclear, etc) can take the reigns and we can avoid a serious economic collapse. It all depend on the world's leadership, and what they do about the wealth gap. I see a lot of people my age investing and trading for the first time. So in some ways, I am at an advantage with respect to my cohort, since I have a pretty good idea of how the markets work. It's important to have a PLAN, and many entered this frenzy without one. Some will become long-term investors, but many will lose enough money to impact them for the rest of their lives. Part of this IS general investing advice, but this post is NOT a recommendation to buy or sell any particular stock. This is for speculation and education only. All I can say is be very careful, assess risk, and TAKE PROFIT. Profit and capital preservation is your POWER against fear. FEAR makes one a paper hand. And I acknowledge many around the world do not have the wealth or financial safety net to handle losses. To many, the market offers opportunities for those who don't come from privilege. But especially in those cases, it's immensely important to exercise RISK MANAGEMENT. Take that profit, enjoy it, and carefully plan the next move when you are ready. -Victor Cobra
NYSE:GMEShort
by VictorCobra
23
Flag Pattern on SBUX Let's wait for the breakout Today, we will share a clear trading situation we are observing on SBUX. Main items to pay attention to: a) Ascending channel: key structure of the bullish movement b) Support Resistance Area: The price is above this level showing strength on the bullish view c) Flag Pattern: Continuation structure supported on the Ascending trendline + Support zone How to execute a setup? We will open positions above "B," and we will aim for a final target on the 2nd fibo extension. We will protect our setup on the first fibo extension. Stop below "C". We expect a 30 days resolution if the price executes our order. Cancel if the price goes below the stop level. Thanks for reading!
NASDAQ:SBUXLong
by ThinkingAntsOk
4
Stocks Volatile, Trade Carefully!!Stocks have maintained a period of extreme volatility. The S&P has zig zagged 200 points or so in the last few days. It has found support off lower levels at 3676, and has effectively returned to highs. It fell just short of all time highs, just under a congestion zone at 3844. It is likely to face resistance here. It is unlikely to see a breakout to new highs any time soon, since the S&P has extended almost 200 points already. This is quite a move even for stocks. We anticipate the volatility to continue, suggesting that we could test lower levels again. It is highly likely that we will test lower levels, then consolidate around highs, then breakout to achieve all time highs again. The levels 3792, 3810, and 3825 will all provide support.
FX:SPX500
by quantguy
ridethepig | EUR Market Commentary 28.01.2021📌 ridethepig | EUR Market Commentary 28.01.2021 In this position, we have managed to build a solid floor at the 1.207x area and as widely expected Buyers fought like a lion to defend their jurisdiction. The ECB on the wires attempted to talk down the currency via threatening room for rate cuts, classic jawboning from Knot in attempt to provide shelter. They will not cut again and time to call bs; here actively buying dips in the euro - this charming position is proof of the wonderful beauty of technical analysis. Looking back to the initial start of this move, it has taken a lot longer for the flow to play out than I would have liked, however, nothing has changed and there is no reason to be alarmed. If we lose the floor and breach 1.200x, then we KNOW we are WRONG and need to reassess the view. Fed artificial dollar devaluation is here to stay and a move back towards the top of the range is the path of least resistance. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
11
Stocks Struggling for SanityStocks have displayed some extreme volatility over the last few days. The S&P has spanned about 200 points from highs to lows down in the 3600 handle. Currently, it has regained the 3800's finding support right around the psychological 3800 level. Even the Kovach OBV is somewhat oscillatory which shows the vicariousness of the momentum coming through this product. Eventually such extreme volatility will peter out, and we will have more well defined behavior soon. There is a double top at highs, which is a bearish sign. Also, we see a bearish crab cypher pattern on the daily chart. These are both ominous signs, so the fed will have to run the money printers on overdrive if they wish to prop up stocks for another bull run.
FX:SPX500
by quantguy
Stocks Face HeadwindsThe S&P has retraced significantly from highs. We are seeing quite a bit of volatility as large price swings of a full ATR or more are quite common with this product right now. These price swings have even registered with the Kovach OBV which is telling us there is a lot of momentum here in these buying and selling waves. The Kovach Chande is at highs. Since this is an oscillator, it is saying that the pendulum has swung to the buy-side and we are due for another retracement. If we are correct, we can expect the S&P to test 3713 or even 3675. From there it should find support. if it is able to breakout to the upside, there is a vacuum zone back to 3792
FX:SPX500Short
by quantguy