Ascending Channel on DIA (ETF)Ascending Channel on DIA (ETF) with various touch points in the channel's lines
DIA trade ideas
Looking for a down month in all indices All monthly charts closed on upper trend line in a rising wedge, basic bearish set up
may be sideways but a down month or two would be healthy IMO
Neutral trade on DIA (double double)DIA IVR 33.8
Sold the 211/215/201/188 Iron condor
for $4.70
Target 50% of credit received
Ratio 3x the calls spreads for every 1x Puts spreads
The trade:
Sold (3x) 211 Calls
Buy (3x) 215 Calls
Sold (1x) 201 Put
Buy (1x) 188 Put
for $4.70
Max profit $470
Max loss $830
Divergence on the DiamondsNo Elliot Wave Expert, but these impulses seem pretty obvious to me. I like the pitchfork to confirm the downside breakdown.
When daily sell kick in probably see some volatilityDue for catchup correction with Nazzy and Spoos.
Bearish Cypher Pattern on the DOW & DIA! DOW heading lower?Hey Traders, We have another short term trading opportunity on DIA. There is a bearish Cypher Pattern Completion on the 15 Min Chart along with several 15 min Candle closes outside of the upper Bollinger Band. The Market is trying very desperately to go higher but cannot seem to break out of this range that it has been in. The Market may be attempting to go higher here but I will not be betting on that until we see some real signs of strength and can create a higher high/higher low.
Entry- 209.40
Target 1- 209.00
Target 2- 208.70
Stop- 209.80
DIA: Dow showing 30 points up in London. Cheap as chipsDIA: SPDR Dow showing 30 points up right now at Igindex.com. that's damn cheap. Take a look at Germany- up 138. Dow and Nasdaq both trading now and are still offering great returns for the brave bull who uses stops sensibly (so they don't get hit unless the market is turning down bigtime)
DXY V XAUUSD: Best estimates for phase 1 of coming shiftDXY Vs XAUUSD: best estimates for Gold and DXY for Monday's expected shift in valuations
Bearish Cypher Pattern about to complete on the DOW/DIAHey Traders, We have a Bearish Cypher Pattern on the 1 hour chart. This looks like a good setup to go short. Price may not reach the traditional entry of the cypher pattern (.786 retracement) due to areas of resistance. I will be taking a conservative entry on this trade. I am looking to enter a short position around the 205.50-205.70 price level.
Entry 205.50-205.70
Target 1- 205.00 if Target 1 is successful, I will look to roll stops to near break even for Target 2.
Target 2- 204.40-204.50
Double Bottom Bullish Cypher Pattern Combo! The DOW/DIA DynamicsHey Traders, I recently took a Bullish Cypher Pattern setup on DIA. Unfortunately I was not able to post the trade before the move started however we may have another opportunity for entry on the Bullish Cypher Pattern.
my original entry was 204.45 with Target 1 at 206.00 and Target 2 at 207.00
Target 1 was successful and Target 2 has not yet been reached. As you can see from the chart below, we have a double bottom pattern occurring on the 1hr chart along with the Bullish Cypher Pattern. I am cautious with the markets right now due to all of these geopolitical events and everything else that is going on right now but with that said, we need to continue trading our plan and not be fearful.
I have personally opened up another small Long position on DIA. I think the Market wants to bounce here again.
Keep an eye on Bond Yields!
right now we are seeing pressure on the US10Y (US 10 year Bond Yield), this tends to put pressure on the Stock Market due to money moving out of stocks and into bonds..
When a Bond Yield decreases, The price of the Bond goes up.
In other words, Investors are taking there money out of stocks to buy bonds that are gaining value. We need to see the US10Y rise in order for the Market to move higher. Right Now the US10Y is around 2.18, I would like to see it head to 2.23-2.25. If this happens, I will begin to reopen additional long positions.
If you are an active trader, it is extremely important to watch the Bond Market (most importantly the 10 year yield). It is crucial to understand the movement of money when it comes to any markets as this can help you gauge the next movement and protect your trades. If the US10Y continues to fall, I will begin to lighten up on the longs. Be Cautious in the Markets right now and be sure to hedge your positions! Good luck traders and I hope this was helpful.
Caution Change in Trend. Monitor Closely The MACD-LT, an intermediate-term trend indicator, is bearish at this time. DIA's chart formation is showing signs of reversing its recent trend. If the stock closes below $203.31 a change in trend will be confirmed. Upside momentum, as measured by the 9-day RSI indicator, remains positive.
Bearish Cypher Pattern on the Dow and DIA! Hey Traders, we have a Bearish Cypher Pattern that is about to complete on the Dow and DIA -0.07%15 minute chart! This looks to be a good setup and I will be taking this trade.
Entry- 206.40
Target 1- . 382 Retracement (around 205.90)
Target 2- . 618 Retracement (around 205.55)
I will be trailing stops for Target 2 and actively managing this position, I do see more downside coming in the markets due to all the recent military announcements and much more. Please check out my idea from earlier today regarding the general markets (idea is linked below)
Thanks traders and good luck trading!
