Always Be Against Your IdeasThere is no doubt you should belive in your analysis but it doesn't mean to have no Plan B
in Ew method u can count waves in different views depends to big market indices,volumes,market sentiments,multiple timeframes and ...
in this chart i show you two models of counting
1.I counted 4th wave as a contracting triangle and its telling us to go short
2.the 4th wave ends at A in this chart and if it breaks the top of triangle it can continue as an ending Diagonal
Probilities can be even more like counting 4th wave as a WYX Combo or ...
Thank u for reading , Be Profitable
WMT
Walmart Stock Analysis: Longer time frame is KeyCoin Analyst Investments is kicking of the new year by looking at a long term chart of Walmart (WMT). Over a decade of price action is presented in today’s Walmart Stock analysis with emphasis placed on the bullish price swing from November 16, 2015 starting from a price low of ~$56.36.
The current move upwards from November 16, 2015 is highlighted with the use of a bullish trendline (in green) which is expected to keep offering support for any bullish position(s). However, a break below the trendline could see the price of Walmart retrace back to between 81.78 and 78.48 where another support is anticipated.
Also shown on the Weekly timeframe chart is a bearish channel (tentative) that should also be considered as part of monitoring the progression of Walmart for weeks or months to follow. A break below the lower level of support (i.e. $71.48) could see prices reach the bottom of the bearish channel. Momentum is highly important in confirming which directions warrant any trade(s).
AMZN: News from India Could Help Complete the Top After a BounceAmazon was in the pre-market news today. India has put heavy restrictions on the e-commerce retailers, AMZN and WMT and others. The ruling affects many products that Amazon sells. India’s rules will bar retail e-commerce companies from engaging in an exclusive partnership with a seller. This could hurt Amazon’s expected revenues from India. This dominant e-commerce company hit Market Saturation in many of its primary global markets and was relying upon massive growth from Indian customers as a new revenue source. This new ruling from the Indian government changes Amazon’s plans abruptly.
The stock is in a topping formation that has still not completed yet. The stock dropped through support levels and then rebounded in a bounce up along with most big-name companies yesterday. HFTs are likely to react to this news soon. Support levels are shown as black lines in the attached weekly chart.
WMT Approaching Support, Potential Bounce!WMT is approaching our first support at 87.23 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 93.14 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
WMT Testing Support, Potential Bounce!WMT is testing its support at 90.79 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing its support at 3.5% where a corresponding bounce is expected.
WMT Approaching Support, Potential Bounce!WMT is approaching its support at 90.54 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 3.5% where a corresponding rise could occur.
WMT: Retraced into an optimal buy zone$WMT has retraced back down into support here, and it is an attractive buy for anyone using @timwest's methodology and indicators.
I'm looking to average into a long position here next week, buying into support, adding into strength, or even averaging down if we test lower support levels...as long as holding above this zone we're in good shape.
There's a 9 week uptrend active, as per Time@Mode, so, until this signal expires, or if we fail to hold support at the mode where most of the accumulation happened, prices are likely to trend up from here.
Best of luck,
Ivan Labrie.
Bullish Divergence Transforms to Near End to Oversold ConditionsAT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period
AT200 = 29.5% of stocks are trading above their respective 200DMAs
VIX = 23.4
Short-term Trading Call: bullish
Commentary
The small bullish divergence to start the week received follow-through in the form of a big rally day in the stock market. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), jumped from 11.9% to 17.3%. Suddenly, it looks possible for the stock market to bring an end this week to this extremely extended oversold period (AT40 above 20%). AT200 (T2107), the percentage of stocks trading above their respective 200DMAs, came to life by hopping from 25.4% to 29.5%. AT200 even slightly broke through its steep downtrend.
{AT40 (T2108) surged from the lows to the oversold threshold.}
{AT200 (T2107) bounced enough to sneak a peak above its relentless October downtrend.}
So far, the S&P 500 (SPY) is down 4.5% for this 10-day old oversold period. The index is down 3.7% from the start of the first oversold period which is only separated from the current period by one trading day. If the oversold period had ended today, the S&P 500’s performance would have been in-line with historic 14-day long oversold periods and under-performed historic 10-day oversold periods. In both cases projections are for less weakness.
{The performance of the S&P 500 for a given oversold duration (T2108 below 20%).}
In other words, there is a decent case to be made that the breakout from this oversold period will come with another big rally day for the S&P 500. It will need to be a big move to break out of the current steep downward trading channel formed by the lower Bollinger Bands (BBs).
{The S&P 500 (SPY) rallied for a 1.6% gain that perfectly matched the previous day's open and close lower.}
The NASDAQ gained the same percentage as the S&P 500 but its range of motion was not nearly enough to nullify the previous day’s fade and selling. The Invesco QQQ Trust (QQQ) gained 1.7% but also failed to nullify the previous day’s pressure.
{The NASDAQ rallied for a 1.6% gain but still sits well within the downward trading channel formed by the lower Bollinger Bands (BBs).}
{The Invesco QQQ Trust (QQQ) rallied 1.7% but still sits within a steep downward trading channel.}
The volatility index, the VIX, only fell 5.5% and closed at 23.4. It is still at elevated levels (above 20) so the stock market remains very vulnerable to wide swings and sharp selling, but at least the intraday high did not reach the recent highs.
The iShares Russell 2000 ETF (IWM) rallied for a 2.1% gain. Unlike the other major indices, IWM managed to tap the upper bound of its downward trading channel. IWM hugged this line in the selling that led to the current levels. Follow-through buying would represent a very important breakout.
{The iShares Russell 2000 ETF (IWM) is making another attempt to break out from its downward trading channel former by its lower Bollinger Bands.}
Although I did not get the volatility spike I wanted to trigger more aggressiveness, I still treated the rally as a validation of the bullish signs from the previous day. I focused on my shopping list even as I took my profits on my latest tranche of SPY call options (expiring Friday). I loaded up on CSX Corporation (CSX) calls, a calendar call spread on Intel (INTC), and of course I implemented my Facebook (FB) pre-earnings trade (twice!). I also decided to get aggressive with small caps given the abundance of beaten up small caps I saw with big gains on the day. I started accumulating call options on IWM expiring in 2 1/2 weeks. I capped off my hedges with a put spread on Boeing (BA) which rallied right to its 200DMA and an obligatory put option on Caterpillar (CAT). From here, I can stay 100% focused on the bullish buying opportunities…while of course keeping in my peripheral vision the on-going (technical) market risks that I have covered in previous Above the 40 posts.
Walmart Short Idea. With BTCGoing to short Walmart. There is no reason for this thing to keep rising, just look at the earnings, all on the down yet the stock price keeps rising? I think this is a technical pull back to the golden area of fibs. Can enter anywhere here with a stop of around 107.5. Target the $75 area for a nice gain. Look at the ideas, everyone is buying and when that happens?
While the crypto market is doing nothing I am using BTC to play these markets at simplefx.com (my referral link) with margin, use 100x leverage for 10x on this asset. 50x for 5x.
When in profit lock in with a stoploss.
WMT Bottom Facing All-Time High and Trade WarsWMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance.
Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it imports. Since this is a discount retail store, the tariffs will eventually force the company to either find another country to import goods from or raise the cost of its imported goods, which is a far more likely scenario. That means US consumers who buy products from Walmart will start to see an increase in the cost of any products or goods imported from China. This could take effect as early as this holiday season. WMT may try to delay some cost increases until next year, but the increase in import costs will be passed onto consumers at some point.
S&P 500 Historic All-Time Shines Cautious Light On Opportunities"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps."
S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB $QCOM $RDFN $Z $TOL $TSLA $WMT $YELP #AT40 #T2108