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$SPY Analysis, Key Levels & Targets for 10.17.24 AMEX:SPY Analysis, Key Levels & Targets for 10.17.24 - Tomorrow’s Implied move is between 578 and 586 and that is from options. The 30 day average volatility is between 577 and 588 and that also lines up with the implied move on Fridays contract - and that’s the strike I’ll be looking to if we pop to sell bear call spreads. -To the upside we have ATH’s at 585.27. I’m guessing that if NYSE:TSM earnings come in great and we see a move up there then ATH’s will be the Target on the day. But if not, then the 35EMA is just underneath us so look to that for clues. If we break it then support is where we saw the gap that we opened the week with (579) and then underneath that the bottom of the implied move is at 578 -577 on Fridays contract and that’s the strike I’m going to look to if we drop ( for bull put spreads) -Underneath all of that is the 30min 200MA and we are quite far away from that. It’s not in tomorrow’s trading range but could be a target next week if we see a down move from tomorrow’s earnings. GL tomorrow.
AMEX:SPY
by SPYder_QQQueen_Trading
Simplify Market Neutral Equity Long/Short ETF Analysis 10/16/24DISCLOSURE: As of 10/16/24 I have no open positions in NYSE: EQLS Simplify Market Neutral Equity Long/Short ETF EQLS is a market neutral ETF with equal weighting long and short positions. The fund selects long and short positions based on valuations as well as qualitative factors. The fund has a 9.5% yield, which is quite impressive for returns in a market neutral way. Capital appreciation in this fund is unlikely and it will perform best during large stock market drops. For me, I see EQLS (and alternatives in general) as an asset allocation decision to lower draw-downs and earn a return that is uncorrelated with market moves. As long as you understand the risks and downsides of alternatives and are willing to accept a slightly lower return in order to stabilize your portfolio EQLS is one of the better options. I will be coming out with more research for free here so give me a follow if you enjoyed.
AMEX:EQLSLong
by sihen999
$IWM What is happening in IWM?The recent rally in the iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap stocks, can be attributed to several factors based on the latest insights from market sentiment, technical analysis, and broader economic indicators: 1. Breakout Above Resistance: IWM experienced a significant breakout above multi-year resistance levels , which often signals a shift in market sentiment towards more optimism for small-cap stocks . This breakout was partly fueled by favorable economic data, like lower-than-expected inflation reports, suggesting that the Federal Reserve might not need to raise rates as aggressively, thereby reducing borrowing costs for small businesses and potentially boosting their growth prospects. 2. Economic Sentiment and Policy: Lower inflation rates tend to soften expectations for rate hikes, which is generally positive for equities, especially small caps that might be more sensitive to interest rate changes due to their higher cost of capital . The market's anticipation of a more dovish monetary policy can lead to a shift towards riskier assets, including small-cap stocks. 3. Market Rotation and Sector Performance: There's a sentiment that the market might be broadening, moving from large-cap tech stocks towards other sectors, including small caps. This rotation could be driven by several reasons, including a search for value, diversification, or anticipation of different sectors leading the market as economic conditions evolve . 4. Technical Indicators: Technical analysts have noted that IWM's price action, including forming specific candle patterns and breaking above moving averages, indicates a bullish continuation. The mention of IWM approaching or surpassing key resistance levels, like those around $224, suggests that once these levels are decisively broken, further upward movement might be expected due to technical buying. 5. Fundamental Shifts: There's a growing narrative around small caps being due for a catch-up phase, especially if the economic environment supports a recovery or growth in sectors where small caps are prominent. Lower valuations compared to large caps, combined with potential policy changes like tax cuts or stimulus, could favor smaller companies. 6. Market Psychology and Momentum: The mention of a "risk-on" bid across various assets like Bitcoin and small caps suggests a broader market psychology shift towards risk-taking. This environment can propel small-cap stocks as investors chase performance, expecting further gains on the momentum. 7. Individual Stock Performances: Specific companies within the IWM index, like those in emerging tech sectors or benefiting from new policy changes (e.g., Medicare reimbursement rates), have shown significant gains, contributing to the overall ETF's performance. The rally in IWM, therefore, reflects a combination of favorable economic data, shifts in investor sentiment, technical breakouts, and a potential rotation within the equity markets towards undervalued or previously underperforming sectors like small caps. This movement could be part of a broader trend where investors seek higher returns in a landscape where traditional growth stocks might be overvalued or facing headwinds from policy changes or economic cycles. However, market sentiment can be fickle, and while these factors support the current rally, the sustainability of this upward trend depends on ongoing economic developments, policy decisions, and whether small caps can indeed deliver on the growth anticipated by investors.
AMEX:IWM
by SPYder_QQQueen_Trading
I shares is trading up and over the Box of consolidation.As you can see in the 24 hr. chart and potterbox. That the iShares transportation ETF is trading well above the boxes top. Its Empty space up above the yellow line, My box might be off some. but still the same is being said that the IShares transportaion ETF is Going green. Woo Hoo. lol Gotta have some fun. we could pull back to 70.37 and possibly lower, but we will see in tomorrows trading day. If we open above the top of the box we will make a new high possibly.
AMEX:IYTLong
by potrod
MSOS the cannabis trade we all need to know about Election Day in Florida is right around the corner, and Amendment 3 has got cannabis investors buzzing. If you're keeping tabs on the market, you've probably noticed MSOS popping up everywhere. MSOS, short for the AdvisorShares Pure US Cannabis ETF, isn't your average investment fund. It's more like a front-row ticket to America's green rush. This ETF is loaded with derivatives tied to the most promising U.S. cannabis companies, perfectly positioned to catch the next big wave. And that wave? It might just be breaking in the Sunshine State. If Florida votes yes on Amendment 3, we're not just talking about a new market for legal weed. We're looking at a potential earthquake in one of America's biggest states. The aftershocks could send MSOS through the roof. But let's get real for a second. This isn't a guaranteed win. The cannabis market is about as stable as a house of cards in a hurricane. One wrong move from Washington or a shift in public opinion, and MSOS could crash faster than you can say "bad trip." Still, for those of you with nerves of steel and a appetite for risk, MSOS could be the play of 2024. It's essentially a bet on U.S. cannabis, with Florida's vote as the potential spark to light the fuse. Just remember, I'm not a financial guru – I'm just a guy with an opinion and a keyboard. Don't go betting your life savings based on what you read here. But if you've got some cash you're willing to gamble with and you believe legalization is inevitable, MSOS might be worth checking out. Me? I'll be glued to my screen on election night, snacks at the ready, maybe with a small stake in MSOS for good measure. Whatever happens, it's gonna be one wild ride. Hold onto your hats, folks!
AMEX:MSOSLong
by TheAgentTrades
1
Avantis U.S. Small Cap Value ETF Analysis 10/16/24DISCLOSURE: As of 10/16/24 I am long Avantis U.S. Small Cap Value ETF NYSE: AVUV AVUV is a small cap value fund listed on the New York Stock Exchange. They invest in a broad basket of small cap stocks listed in the United States. The fund chooses investments based on qualitative as well as quantitative factors to achieve the best risk adjusted return possible. Why AVUV? The primary reason to consider AVUV is as a long term hold alternative to the S&P 500 or other broad U.S. Indexes. Avantis as a brand focuses on factor investing, or the identification of certain characteristics and their ability to outperform or under perform the market. Of the research available small cap, and value are the 2 most profitable factors over a long enough time period. This is due to the longer runway of small companies, as well as the prices they are bought play into the excess returns. Its worth noting that the value factor implies profitability, setting AVUV apart from indexes like the Russel 2000.
AMEX:AVUVLong
by sihen999
1
mission accomplished...- grayscale proposes converting OTC:GDLC into ETF - this is what we were playing for folks, the headline, minimally - as of writing still 20% discount... think the "right" discount is probably 10-15%, call it 15% conservatively given there's still a LOT that needs to happen before the SEC starts to greenlight avax and sol (i think XRP is already on deck) - don't forget the bitwise copy... $BITW. - today i'm rebalancing from OTC:GDLC -> OTC:BITW b/c now OTC:BITW trades at a 10% discount to OTC:GDLC and still closer to a 23% discount (that's also probably trending toward 5-10% in the coming 3-6 months and probably deserves a 15% given the grayscale announcement). - i'd not be surprised for OTC:BITW to make a similar announcement sooner vs. later - and OTC:BITW is 2x the AUM and has a better quality backer (vs. grayscale) which will make a lot of noise. historically OTC:BITW trades at a premium to $gdlc. - however OTC:BITW also contains more "junk" that's going to be a lot harder to greenlight vs. OTC:GDLC e.g. MIL:UNI etc. and i think that's a more nuanced issue. so in THEORY it probably either needs to trim some of this stuff and/or the approval is further away. - anyway. i'm back to about a 30% position between the two of these things, a far cry from my switching to guns comment when i went 50% size a few weeks back in OTC:GDLC - it won't be straight up for either of these things (remember BTC is possibly over earning px action wise ST... so i'm still nimble), but now we can buy dips with slightly more conviction, notably OTC:GDLC given the less complicated contents that are probably an easier convert vs. $bitw. drop comments below. enjoy. V
OTC:GDLCLong
by VROCKSTAR
GLD - Inverted head and shouldersInvesting in the SPDR Gold Shares ETF (GLD) offers several long-term benefits: 1. **Inflation Hedge**: Gold historically performs well during periods of inflation, protecting against the decline in currency value. 2. **Safe-Haven Asset**: Gold is often seen as a refuge during economic or geopolitical instability, making GLD an attractive option for risk-averse investors. 3. **Diversification**: Gold’s price movements tend to be uncorrelated with stocks and bonds, which can help reduce portfolio volatility. 4. **Liquidity**: GLD is traded on major stock exchanges, offering high liquidity and ease of trading compared to owning physical gold. 5. **Cost Efficiency**: Owning GLD is cheaper than holding physical gold, as it avoids the costs of storage and insurance, with an expense ratio of 0.40%. 6. **Historical Performance**: GLD has demonstrated strong returns, with a year-to-date return of around 27% as of 2024, and a 10-year average return of nearly 9%. 7. **Timeless Value of Gold**: Gold has been a reliable store of value for centuries, and remains relevant as a hedge against modern market volatility. These reasons make GLD a solid choice for long-term investors looking to mitigate risk while benefiting from gold’s enduring value.
AMEX:GLDLong
by aznric3boi91
XLE Long DailyAsset Class: Indices Income Type: Daily Symbol: XLE Trade Type: Long Trends: Short Term: Up Long Term: UP Set-Up Parameters: Entry: 90.44 Stop: 89.22 TP 93.70 (2.8:1) Trade idea: Retest of 1H demand zone formed by a drop-base-rally near the breakout level, SL is a bit lower to cover the deeper RBR structure as the price might test tis liquidity. TP set at the nearest SZ with a 2.8:1 risk-reward ratio. The RSI is oversold. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
AMEX:XLELong
by MESHANL
1
SPY/QQQ Plan Your Trade: 10-16 UpdateLearn to watch for signs of major market contagion by watching key sectors. In my opinion, the biggest sectors: Like Transportation, Financials, Gold, and Crude Oil, will lead any major market collapse - often by 7-10+ days. This videos highlights what I believe most traders need to watch in terms of understanding when/where opportunities are for long trades while attempting to gauge risks related to any type of broad market collapse event. Spend some time looking over this custom Crash Index and let me know if you see any correlations related to when the SPY/QQQ move more than 7-8% downward in any sudden price moves... (XLF+IYT+GDX+XOP)/4 Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:XLFLong
by BradMatheny
QQQ – October 16, 2024Key Levels: Support: 487.58 (current low) 484.00 (next potential support with volume interest) Resistance: 494.22 (previous pivot high) 498.18 – 498.83 (major resistance zone) Indicators & Observations: Moving Averages: The shorter EMA (possibly 15 EMA) is sloping downward, indicating short-term bearish pressure. The longer EMA (likely 161 EMA) is above the price, confirming a bearish trend continuation. MACD: The histogram is deepening into negative territory, suggesting increasing bearish momentum. The MACD line has crossed below the signal line, signaling a potential continuation to the downside. Volume Profile: Current Price Region: The bulk of the volume sits between 484 – 487, making this a key support zone. A breakdown below 484 may trigger further downside quickly due to the low-volume gap beneath. Volume Increase: The large red candle is accompanied by higher volume, which shows strong bearish participation at the open. Price Action: QQQ attempted to push higher but failed to reclaim 494.22. The current momentum suggests bearish continuation if it fails to hold above 487.58. If the selling pressure continues, a test of the 484 level is likely. For upside potential, the price must reclaim 494.22 and stay above for bulls to regain control. Scalping Strategy Setup: Short Setup: Look to short on a rejection from the 490 – 494 range, targeting 487 or lower. Long Setup: Consider long entries if the price reclaims 494.22 with strong volume, targeting the 498 resistance zone. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial professional before making any trading decisions. Trading carries significant risks, and you may lose more than your initial investment.
NASDAQ:QQQ
by BullBear-Insights
SPY for today 10/16/24Key Observations: Price Levels: Current Price: SPY is trading around $579.32. Resistance Levels: There is resistance around $580.16 and above at $584.63, and the volume profile thins out as we approach $585.27, indicating potential price exhaustion or lack of interest above that zone. Support Levels: Major support is indicated around $575 and lower, at $570.11. Below $575, the volume profile shows stronger activity, making this a key level to watch. Volume: Volume has been increasing on recent pullbacks, which suggests that sellers are stepping in at higher levels. However, the spike in volume at lower levels could also indicate accumulation. Moving Averages: The short-term moving averages (likely 9 EMA and 21 EMA) have turned downward, indicating a bearish sentiment for the morning. The price is currently below these moving averages, showing a short-term downtrend. MACD: The MACD histogram is negative, with the lines still crossing below the zero line, indicating bearish momentum. However, the histogram shows slight narrowing, which could mean that selling pressure is weakening. Volume Profile (Visible Range): The volume profile shows a large node around $575, indicating strong buying and selling interest at that level. This could act as support if SPY moves lower. There’s a thin volume area between $580 and $585, meaning price could see sharp movements in either direction depending on order flow in this range. End-of-Day Outlook: Bullish Scenario: If SPY can hold above the $579.30 - $580.00 zone and reclaim the $584.63 resistance, it could attempt to move back toward $585.27. A move above that level could lead to a retest of the recent highs, but there would need to be strong buying momentum to push through the thin volume zones. Bearish Scenario: If SPY breaks below $579, there’s a good chance it will retest the $575.00 level. A breakdown below $575 could send the price down to $570.11, where stronger support is expected based on the volume profile. Watch for rejection at the $580 - $581 level, as this could indicate continued downside momentum. Conclusion: The price action and indicators suggest a slightly bearish bias at the moment, with potential for a bounce if SPY can hold support at $579 - $580. Keep an eye on the $575 level as it could act as a magnet if sellers continue to push. A recovery above $580 would likely target the $584 - $585 zone, where resistance is stronger. Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a professional before making any trading decisions. Trading involves risk, and past performance is not indicative of future results.
AMEX:SPY
by BullBear-Insights