AMZN in a triangle pattern LONGAMZN on the 15 minute time frame is in a relative symmetrical triangle pattern. A volume
profile and intermediate term anchored VWAP are overlaid. They validate one another since
the POC line and the mean anchored VWAP line up. Price is below both of them. My forecast
is that price will rise and temporarily so sideways in the high volume and volatility zone
of VWAP / POC and then ascend higher as that tug o war is finalized. My long target for now
is 170.35 as the top boundary line of the high volume area of the VP. This is a good trade
for shares on margin to get some juice into the trade. I will instead take call options for
March 16th striking $ 172 for some leverage and beyond linear RIO. AMZN is good to go.
Admittedly, this is an early bird trade. I see the risk as minimal.
Volatility
NQ Power Range Report with FIB Ext - 2/20/2024 SessionCME_MINI:NQH2024
- PR High: 17790.00
- PR Low: 17738.75
- NZ Spread: 114.75
No signficant calendar events
High vol open creating super wide NZ spread
- Anticipated high volume following virtually a long weekend
- Maintaining prev week's range
- Daily print showing pivot to downside
- Breaking lows of engulfing bar
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 235.22
- Volume: 133K
- Open Int: 285K
- Trend Grade: Bull
- From BA ATH: -2.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
XAUUSD Trendline Downside❤️MY FOREX TEAM❤️
INFORMATION
Gold price is set to finish the week with losses, even though has recovered some ground. According to the daily moving averages (DMAs), XAU’s is upward biased, but since reaching $2088 on December 28, it has printed successive series of lower highs/lows, opening the door for further downside. If XAU/USD prints a daily close below $2000, that could sponsor a leg-down to the 100-DMA at $1996.10, followed by the December 13 low of $1973.13. A breach of the latter will expose the 200-DMA at $1965.46.
🔥BUY AND SELL SIGANALS UPDATE ON MONDAY
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Geopolitical Tension week gold in downtrend
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
LABU / LABD Ratio Anchored VWAP over /under LABU LONGOn the weekly chart a LABU / LABD ratio is plotted with anchored VWAP bands and a volume
profile overlaid. I wanted to analyze this to affirm the highest of prospects for the
Biotechnology sector for 2024. LABU is triple leveraged Up while LABD is the inverse Down.
A good unleveraged biotech ETF is XBI. The chart shows LABU in a VWAP band and breakout
through the hohg volume area and then over it beginning early November. Unusually high
relative volume and volatility ramped up about the same time.
I readily conclude that LABU is the buy right now with the ratio rising. It is a low beat ETF
with good range due to the leveraging and high forecasts for 2024. I will make buys on
LABU at regular intervals on a 60-120 minute time frame looking for the weekly lows.
I will set an alert for a falling ratio on the 3H to daily chart to assess should the supertrend
fade. I believe that this will be a safe low risk swing long trade.
Will Goldman Get Going?Goldman Sachs has gone nowhere for two months, but some traders may look for that to change.
The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it at the end of last year and has remained there since. That could suggest old resistance has become new support.
Next, Bollinger Band Width narrowed during the consolidation period. Will price expansion follow that period of compression?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in December. That may suggest its longer-term trend has grown more bullish. (GS also bounced at the 50-day SMA this week.)
Next, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect bullishness in the shorter term.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NQ Power Range Report with FIB Ext - 2/16/2024 SessionCME_MINI:NQH2024
- PR High: 17960.00
- PR Low: 17944.25
- NZ Spread: 32.25
Key economic calendar events
08:30 | PPI
Inching above Wed's high, prev session close
- Daily print, 17600 pivot long
- Discount margins raised for PPI
Evening Stats (As of 1:25 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 223.72
- Volume: 21K
- Open Int: 286K
- Trend Grade: Bull
- From BA ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
New Support for Huntington Bank?Huntington Bancshares isn’t an actively traded name, but its chart may have some potentially interesting patterns this week.
First is the level around $12.19, its highest weekly close last summer. HBAN jumped above that price in mid-December before testing it in January and again this month. Old resistance may have become new support.
Second is the series of higher weekly lows as it held $12.19.
Third, the 50-day day simple moving average (SMA) had a “golden cross” above the 200-day SMA in mid-December. That may suggest that the longer-term trend has grown more bullish.
Finally, narrowing Bollinger Band Width highlights the stock’s tightening range. Will that price compression give way to expansion?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NQ Power Range Report with FIB Ext - 2/15/2024 SessionCME_MINI:NQH2024
- PR High: 17881.50
- PR Low: 17865.75
- NZ Spread: 32.25
Key economic calendar events
08:30 | Initial Jobless Claims
- Retail Sales (2x)
- Philadelphia Fed Manufacturing Index
Maintaining Tuesday's range
- Holding prev session highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 226.51
- Volume: 19K
- Open Int: 296K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
CHEF rises in price and volume for earnings LONGChef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week
volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume
otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume
area of the profile for much of February but on Thursday the 8th re-entered it and pass through
it and breaking above it all in the same day. This is a rather explosive reversal pattern.
Price has maintain itself above the area in the past two trading session. The past week saw
more than a 6% rise for CHEF. This trade is best suited for investors, patient swing traders
or those trading options. This is not an intraday stock trade.
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NQ Power Range Report with FIB Ext - 2/14/2024 SessionCME_MINI:NQH2024
- PR High: 17706.00
- PR Low: 17681.25
- NZ Spread: 55.25
10:30 | Crude Oil Inventories
Found inventory around 17600
- Trading inside prev session lows
- Maintaining range from Feb 7
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 228.07
- Volume: 21K
- Open Int: 296K
- Trend Grade: Bull
- From BA ATH: -2.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
TBT- an ETF bearish on bondsTBT on the one hour chart demonstrates a clear round bottom reversal in late June
with a good trend up this past week. Price rose above the POC line of the volume profile
on July 3th showing bullish momentum dominating. Price has continued to ascend above
the Chris Moody sling shot indicator affirming that momentum. Given the current fed posture
hawkish for another rate increase fixed rate bonds will suffer yet again. Other indicators
show rising upward volatility and relative volume which further support the strength of the
trend. Time is ripe for a swing trade in TBT.
ROIV - BioTech reporting 2/13 as a LONG earnings tradeRoivant Scientes, on the 15 minute chart is experiencing increase volatility and volume now two
days out from its earnings report. The MACD with zero lag shows a bullish inflection in the lines
On the daily chart, ROIV gained 38% in 2023 but has been down 4 %YTD. The volume and
volatility show both are heightened in the pre-earnings run- up. The last report in November
was a double beat which is good prognosis for the one upcomings. This is a risky earnings
play, ROIV does not yet make money. However, because it lost less than forecasted, buyer
interest has increased. The call option for 2/16 for a strike of $12.50 is priced at $ 5.00
per contract. I suspect a long trade in shares may gain to $ 11.50 targeting the double top
at the turn of the year for a projected gain upside of about 7% (with a stop loss of 2.5%).
Considering that ROIV has gained 12% this past week, 7% in the next two days is about the
same trend angle. As to the call contract, I have considered 100% return as my expections
for the two days before the earnings. If earnings disappoint trader expectations and price fades
I will sell to close the contract. If earnings is as expected, I will roll the contract forward into
the March monthly and add a bit more capital into the trade.
FCEL Energy Penny Stock Buy the near term Bottom LongFCEL a penny alternative energy stock is at a near-term bottom sitting at the POC line
of the volume profile and a standard deviation below the intermediate-term mean VWAP
about a month out from a good earnings beat. Given the current administrations unwavering
support for green enerby sometimes with grants subsidies and other hand- outs I see FCEL
as getting some trader attention of the good kind unlike PLUG which announced a large public
offering to dilute investors. FCEL could steal some of those investors. The supertrend indicator
is signaling a reversal at the confluence of the POC line with the VWAP band as
mentioned. My target is the mean VWAP at 1.50 for about 35% upside with a stop loss at
the recent pivot low of $1.09 making for a reward-to-risk ratio of better than 6.
I see this as a swing trade with potentially 75 days in front of it given the earning report
for 24Q1 is due a bit beyond that and best risk management would be to take a partial
and size down going into earnings.
HE - get it long before the sparks flyHE is obviously an underdog given what happened in Maui and the aftermath of the disaster.
It has that baggage and the ankle weights of litigation public perceptions, electical power
infrastructure and all the rest. Seemingly it is weathering the storm.
The 15 minute chart shows a ranging price action really going no where until last Friday when
volatility struck from a surge of volume. Price jumped out of the high volume area and volume
has persisted and so the high volume area widened. The fast RSI in green moved in quick
momentum as compared with the slower RSI in red. This is a golden cross of the lines showing
a surge of strength. I will take this long. The earnings announce BMO. The make the past
possible trade it must be done in the premarket and without a stop loss since my broker does
not offer them in the premarket. An options trade will be after earnings depending on what is
reported. This is a risky trade so the position will be small relative to buying power.
NQ Power Range Report with FIB Ext - 2/13/2024 SessionCME_MINI:NQH2024
- PR High: 17940.50
- PR Low: 17916.75
- NZ Spread: 53.25
Key economic calendar event
08:30 | CPI (3x)
Second low vols start for the week
- Cheap margins increased for CPI
- Daily print signaling reversal off ATHs
- Near prev session lows
Evening Stats (As of 12:25 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 214.45
- Volume: 14K
- Open Int: 302K
- Trend Grade: Bull
- From BA ATH: -1.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
ZDGE an advertising penny stock LONGZDGE stock price is up 150% in 3 months but can it continue. The analysts are projecting a
forecast of $ 7.00, The chart here is on a 15 minte time frame. Price broke out of consolidation
and got above the high volume area 3 weeks ago. ZDGE has quarterly earnings in two trading
days. This could easily be a quick intraweek swing trade expecting 10-50% as a profit for
the week. The call options for this Friday bought the past Friday morning did 285% for
the day. High ris hi reward it is the nature of the beasts that are penny stocks.
High rising volumes and rising relative strength lend support to immediately raising the
position. The caution here given the volatility is the mass index indicator whose signal line
has exceeded the threshold but not yet triggered. Volume and strength fell a little on the
Friday afternoon market close. I will add to the position but remain cautious that this might
cool down in a hurry on the earnings report.
Metis contractionMetis shows a bullish contraction right above the daily demand zone, this type of price contraction tends to lead to an expansion especially if volatility or stochastic RSI bottoms. I chose to use HV here to display how low the volatility is historically. If BTC doesnt dead cat right now I would expect a run here. Another test of 106$ in the cards.
A downside target is the dashed red.
NQ Power Range Report with FIB Ext - 2/12/2024 SessionCME_MINI:NQH2024
- PR High: 18042.50
- PR Low: 18003.25
- NZ Spread: 87.75
No significant calendar events
Maintaining Friday's highs
- Relatively low energy start to the week
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 217.03
- Volume: 14K
- Open Int: 306K
- Trend Grade: Bull
- From BA ATH: -0.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
TLT Long at VWAP Bounce T- Bills 20 yearsTLT on the 15 minute chart in the past two trading sessions consolidated and then fell into
a pullback to the support of the anchored mean VWAP. Relative volatility spiked and has
now contracted. I see this as a good entry to add to my TLT position having sold a good portion
of it three trading days ago when price showed topping wicks outside the fibonacci highest
band. This will be about $ 1.00 cheaper than before that sale and is part of a zig-zag
strategy for TLT overall.