NQ Power Range Report with FIB Ext - 1/29/2024 SessionCME_MINI:NQH2024
- PR High: 17507.50
- PR Low: 17456.25
- NZ Spread: 114.75
Evening Stats (As of 12:15 AM)
No significant calendar events
Slight dip for inventory to start week
- Holding Friday's range
- Weekend Gap: N/A
- Gap 1/26 -0.05% (open > 17579)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 214.35
- Volume: 33K
- Open Int: 299K
- Trend Grade: Bull
- From BA ATH: -1.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
Volatility
NQ Power Range Report with FIB Ext - 1/26/2024 SessionCME_MINI:NQH2024
- PR High: 17574.25
- PR Low: 17530.75
- NZ Spread: 97.5
Key economic calendar event
08:30 | Core PCE Price Index (2x)
Volatile cheap inventory open
- Relatively wide NZ spread
- Session gap down below prev 2 day low
- Reversal from ATHs
Evening Stats (As of 2:25 AM)
- Weekend Gap: N/A
- Gap 1/26 -0.05% (open > 17579)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 219.22
- Volume: 50K
- Open Int: 297K
- Trend Grade: Bull
- From BA ATH: -1.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
CANO a healthcare penny stock with high volatility LONGCANO is shown on a 15-minute chart now set for a long position with comments on the chart.
This is a VWAP band breakout with a volatility spike long trade.
Stop loss is about 70 cents, targets are 70 cents, $1.40 and $2.10 for 33% each and a reward
of $2 for every $1 risked. Options are available for one and two months expiration.
NQ Power Range Report with FIB Ext - 1/25/2024 SessionCME_MINI:NQH2024
- PR High: 17627.75
- PR Low: 17606.00
- NZ Spread: 48.75
Key economic calendar events
08:30 | Core Durable Goods Orders
- GDP
- Initial Jobless Claims
10:00 | New Home Sales
Prev session pushed ATH, close print for daily reversal
- Holding prev session close
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 216.71
- Volume: 27K
- Open Int: 296K
- Trend Grade: Bull
- From BA ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
NQ Power Range Report with FIB Ext - 1/24/2024 SessionCME_MINI:NQH2024
- PR High: 17578.25
- PR Low: 17551.50
- NZ Spread: 59.75
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:30 | Crude Oil Inventories
Continuing to push the highs
- Break above prev 2 session highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 215.78
- Volume: 23K
- Open Int: 288K
- Trend Grade: Bull
- From BA ATH: -0.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
XBI Long-term Buy SignalsAMEX:XBI is giving long term buy signals as the chart displays. Super trend signals a buy, also MACD and KST crossovers confirm trend direction.
XBI is a somewhat volatile bio-tech ETF.
This ETF is also great for selling options on when volatility is high, as the premium you receive is often much higher than employing the strategy on SPY.
Here are the most current Top 10 holdings:
1 CYTK Cytokinetics, Incorporated 2.79% 2,308,666
2 KRTX Karuna Therapeutics, Inc. 1.80% 383,056
3 ARWR Arrowhead Pharmaceuticals, Inc. 1.61% 3,201,386
4 BHVN Biohaven Pharmaceutical Holding Company Ltd. 1.57% 2,381,294
5 SRPT Sarepta Therapeutics, Inc. 1.56% 904,544
6 ACAD ACADIA Pharmaceuticals Inc. 1.53% 3,752,269
7 ARDX Ardelyx, Inc. 1.49% 12,061,271
8 VRTX Vertex Pharmaceuticals Incorporated 1.46% 224,792
9 MRNA Moderna, Inc. 1.46% 980,210
10 KRYS Krystal Biotech, Inc. 1.41% 736,663
NQ Power Range Report with FIB Ext - 1/23/2024 SessionCME_MINI:NQH2024
- PR High: 17474.25
- PR Low: 17450.00
- NZ Spread: 54.25
No key economic calendar events
Daily print showing reversal potential below 17400
- Low volatility session open
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 220.99
- Volume: 23K
- Open Int: 288K
- Trend Grade: Bull
- From BA ATH: -1.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
NQ Power Range Report with FIB Ext - 1/22/2024 SessionCME_MINI:NQH2024
- PR High: 17524.75
- PR Low: 17440.75
- NZ Spread: 84.0
No significant calendar events
Pushing ATHs (QQQ - NDX)
- Back adjusted futures high Nov 2021
Evening Stats (As of 12:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 231.89
- Volume: 47K
- Open Int: 296K
- Trend Grade: Bull
- From BA ATH: -0.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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
Is Boeing a buy before earnings? LONGThis is a daily Boeing chart with the idea on the chart in the text. There may be a good entry
before earnings using a stop loss under the POC line and an ultimate target of the projected
trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation
and its sequelae. A megaphone pattern demonstrates increasing volatility in price action which
is something some traders take to the bank. My analysis is that this may be a safe swing trade
until the report of the 24Q2 earnings in about 100 days.
NQ Power Range Report with FIB Ext - 1/19/2024 SessionCME_MINI:NQH2024
- PR High: 17152.00
- PR Low: 17107.25
- NZ Spread: 100.25
Key economic calendar event
10:00 | Existing Home Sales
Another volatile session open creating super wide NZ spread
- Continuing to lift daily supply
- Peaking above December high
Evening Stats (As of 1:55 AM)
- Weekend Gap: -0.05% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 220.64
- Volume: 40K
- Open Int: 279K
- Trend Grade: Bull
- From ATH: -3.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
NQ Power Range Report with FIB Ext - 1/18/2024 SessionCME_MINI:NQH2024
- PR High: 16861.25
- PR Low: 16833.75
- NZ Spread: 61.5
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
11:00 | Crude Oil Inventories
Dipped below weekly inventory prev session
- Maintaining week range, initiated 1/11
- Holding value inside key Dec range
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 214.05
- Volume: 23K
- Open Int: 274K
- Trend Grade: Bull
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
NQ Power Range Report with FIB Ext - 1/17/2024 SessionCME_MINI:NQH2024
- PR High: 16981.25
- PR Low: 16966.50
- NZ Spread: 32.75
Key economic calendar event
08:30 | Retail Sales
Opened near prev session open
- Similar inventory decline as prev session
- Lower NZ spread
- Volume returned to normal
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 212.27
- Volume: 26K
- Open Int: 278K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
Mastering Stop-Loss with ATR IndicatorMastering Stop-Loss and Take-Profit with ATR Indicator
What is the ATR Indicator?
The Average True Range (ATR) indicator is a nifty tool that helps traders gauge the market's volatility. Simply, it tells you how much an asset typically moves in a given timeframe.
Placing Stop Loss to Avoid Getting Stopped Out
Step 1: Identify ATR Value
Look at the ATR indicator on your chart; it's usually at the bottom or top of your screen.
Note the ATR value; the higher it is, the more volatile the market.
Step 2: Setting Stop Loss
Set your stop loss beyond the ATR value to avoid getting prematurely stopped due to regular market fluctuations.
For instance, if the ATR is 50, consider placing your stop loss at least 60 points away to give your trade room to breathe.
Understand ATR's Role
ATR not only helps with stopping losses but also guides in setting realistic take-profit levels.
It gives you an idea of how much the asset can move in a given time, assisting you in capturing profits before a potential reversal.
Final Tips for Beginners
Adapt to Market Changes: ATR values change as market conditions shift. Stay adaptable and reassess your stop-loss and take-profit levels accordingly.
Practice on Demo Accounts: Before diving into live trading, practice using the ATR indicator on demo accounts. Gain confidence and refine your strategy without risking real money.
In essence, the ATR indicator is your ally in navigating market volatility. By using it wisely, you can enhance your risk management, safeguarding your trades from unnecessary stop-outs while optimizing your profit potential. Happy trading! 📈✨
NQ Power Range Report with FIB Ext - 1/16/2024 SessionCME_MINI:NQH2024
- PR High: 16966.00
- PR Low: 16933.00
- NZ Spread: 74.0
No significant calendar events
First trading day of week following long weekend
- Expected heavy early volume
- Wide NZ spread from open session vols
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (open > 16965)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 216.88
- Volume: 138K
- Open Int: 276K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
beam me up scottyTTM squeeze signaling beam is likely getting ready for second leg up to continue trend up.
Beam has now one month long consolidation in this current price range, after the previous squeeze & expansion, which made beam reach $1 billion market cap
Price targets from trend-based fibonacci extension for now, but I am expecting beam eventually to go near $10 billion market cap during this bull run. Previous price levels for resistances can be seen in merit circle EURONEXT:MC chart.
NASDAQ:BEAM aka $BEAMX (binance) aka EURONEXT:MC (merit circle, old ticker)
NQ Power Range Report with FIB Ext - 1/12/2024 SessionCME_MINI:NQH2024
- PR High: 16963.25
- PR Low: 16941.00
- NZ Spread: 49.75
Key economic calendar events
08:30 | PPI
Huge swings prev session virtually closing flat
- Maintaining prev session close range
Evening Stats (As of 1:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 213.24
- Volume: 25K
- Open Int: 280K
- Trend Grade: Bull
- From ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
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.
NQ Power Range Report with FIB Ext - 1/11/2024 SessionCME_MINI:NQH2024
- PR High: 16967.75
- PR Low: 16942.00
- NZ Spread: 58.0
Key economic calendar events
08:30 | Initial Jobless Claims
- CPI (3x)
13:00 | 30-Year Bond Auction
Continuing to lift supply back towards Dec high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 209.09
- Volume: 22K
- Open Int: 279K
- Trend Grade: Bull
- From ATH: -3.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819