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NYA trade ideas

updated nyse chart target for panic lows oct 2022Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
TVC:NYAShort
by wavetimer
2
updated NYSE PANIC AND TARGET OCT 4TH/20TH 10781/9609 Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
TVC:NYAShort
by wavetimer
NYA - Bullish following MACD Daily Histogram below 0 for 30 daysNotwithstanding the small sample size, since 2000, NYSE Composite Index ( NYA ) has displayed a consistent 14-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 30 consecutive days. 14-day average gain of 2.31%, win rate of 7 from 7, standard deviation 2.17%, maximum 6.66%, median 1.65%, minimum 0.07%. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
NYSE:NYALong
by UnknownUnicorn25462132
Decreasing NYA - New LowsOn 04/29/22 the NYA made its lowest close since its decline began in early January 2022. Yet the number of NYA stocks making new lows has decreased. Additiionally the big price drop on 04/29/22 was accompanied by a big drop in new lows. This decrease in new lows is coming at a time when bearish sentiment based on the CBOE ratio is at a two year high. Please see my prior post about the CBOE - Put/Call ratio. The combination of decreasing lows and extreme bearish sentiment could be the ingrediants for a significant stock market bottom. Mark
TVC:NYALong
by markrivest
1
NYSE Stopped on a ton of Support Here's an overview of the NYSE exchange and some key reasons why we have a hard stop here. If we continue this downward pressure we will break all of these lines of support. All of the lines are on the chart are drawn, form support! There are alot more but these are the ones the mean the most. Smaller time frames under the daily indicate a Double bottom, but the weekly and daily are key and we are sitting on good support. Surely this bull run from COVID is coming to an end? The monthly indicates a very indecisive market right now, which is barely Bullish. If we expect anything like February 2021, we are in for a rocky month or so ahead.
TVC:NYAShort
by Higham83
NYSE Comp: Broadening Top Potential Macro WarningThe NYSE composite has spent the last year building a classic broadening top pattern. The pattern develops as strong hands distribute to weak hands, and when it occurs, often marks a transition from bull to bear. 1. Broadening formations are relatively rare and because the pattern itself is difficult to trade systematically (as the boundaries are continually moving farther apart) aren't given a lot of attention in literature. a. Edwards and Magee in their seminal "Technical Analysis of Stock Trends" suggest that the broadening top, as a rule, only appears near the end or in the final phases of long bull markets. b. Shabacker in his classic "Technical Analysis and Stock Market Profits" also remarks that the pattern is rare, but extremely important, often marking an important transition from bull to bear. 2. In my experience both Shabacker and Edwards and Magee are correct. They are rare and generally very hard to trade (so I don't bother) but they do offer an important warning of a potential phase transition. 3. Note that the pattern isn't always well defined, with overthrows and underthrows of the pattern boundaries occuring regularly. This is what makes it hard to trade or design a trading strategy around. a. The pattern is extremely compelling when it appears in individual equity charts. As I see it, these are the important chart elements. 1. The composite broke the trendline from the March 2020 low. This changed the weekly trend from up to neutral. 2. After breaking the trendline, the Comp spent most of the next year moving laterally and tracing out a clear broadening formation, warning of a potential phase transition. 3. Over the last few weeks the Comp violated the rising trend line (marked on the chart) along the last three internal trend line lows, and accelerated to the lower boundary of the pattern. 4. I have included the 10 and 40 week moving averages. The two averages are roughly equivalent to the 50 and 200 day averages. Note that the 10 has rolled over and is moving to meet the flattened out 50. Often a narrowing between two moving averages marks an important market decision point. Its interesting that it is occuring at the very moment when the broadening formation appears to be nearing a conclusion. 5. If the market does begin to breakdown there are several initial move targets that can be constructed. I like to look for confluences of move targets and chart supports. The more the merrier. a. I like to overlay the .382, .500 and .618% retracement targets first. b. Next I locate chart supports. In this case, the area around the 14183 high from early 2020 can be expected to generate at least some buying interest. c. There is also a measured move target that can be generated using the width of the broadening top, it projects to roughly 14400. d. 14089 is the .382% Fibonacci retracement. 6. The support confluence provided by the pivot, the Fibo and the measured move suggest an initial support zone between 14089 and 14400. I would clearly watch this roughly 2% wide zone for reversal behaviors to either reduce shorts or perhaps, if the right behaviors develop, consider new longs. But again, the MAIN point is not so much generating trading targets as recognizing the pattern as potentially a harbinger of an important trend change. This is particularly important against the context presented in the macro overview posts of the last few weeks. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Editors' picks
TVC:NYAEducation
by CMT_Association
45
Entering the lost decade, then, perhaps, the golden age...'Twas a market full of bulls, In a world of delusion, Then came covid, To super charge the illusion. The Portnoy gamblers, The Wall Street betters , The Tik Tok traders, The gamma squeezers, One by one they arrived Dreamin' of the YOLO Or quivering from the FOMO Fueled by the FED And their MMT! Nobody gave a hoot about reality! Been a while folks. Time to be careful again. Prolonged 90 year bull market might be finished. Most see exponential blast off in a new age bull market or final fifth wave explosion to come. I still hold that the rise since March 2020 is a fake MMT induced 'B' wave expanded flat with devastation 'C' wave to arrive shortly. If you've made your wealth, great job, and hold on to it like something precious. If not, shorting opportunity of a life time may be around the corner, although not for the faint of heart!
TVC:NYAShort
by supere
NYSE COMPOSITE - The Stick SaveBasic Materials, Consumer Cyclical, Financial Services, and Real Estate are the Primary Sectors of the NYSE Composite. We indicated the NYSE COMP was reaching an extreme A/D low and suggested a rotation would likely provide lift. It does not appear to be sustainable, but for now, it's in Trade. ______________________________________________________________________________________ Historically the Composite has followed Dow Theory Sell Signals. The Transports should be closely observed at this time. It will again as the lead up into Financial EPS arrives this coming week. Inflation has been the Trade into all Primary Sectors with Real Estate beginning to show signs in November of several issues. The NYSE Composite is an index encompassing all common stock listed on the New York Stock Exchange, including ADRs, REIT's and Tracking Stocks. It is the broadest measure of Market Health. A free-floating market capitalization is a useful tool to "adjust" prices. It skews heavily depending upon these adjustments to "Capitalization". Financials, Energy, and Health Care are the Primaries by Market Cap. _______________________________________________________________________________________ Traders should follow the NYSE closely as it provides a great deal of information with respect to the direction of the Growth Sectors - The Trend sets the correlation, typically in a rising rate environment, we will see a reversion to an Inverse Correlation.
TVC:NYA
by HK_L61
2