RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the...
This is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.
SBUX of late has been in a descending channel and has sloped down heavily in April. It is now in deep undervalued and overbought territory at the bottom of the channel and above the 3rd lower VWAP band line. The RSI lines ( both faster and slower) are bearish as well. My trade plan is to watch Starbucks for a reversal which may be signaled by bullish...
HG - copper demand is higher this year as the economy expands globally. On the 60 minute chart price hit a high pivot on May 15th and pulled back in a standard Fib 0.5 fhsion. Price has touched the upper boundary of that support three times and has now printed a wide range green HA candle. I believe that this is a reversal pattern and will take a long trade...
XNGUSD is here on a 120 minute chart. I can see that it is trying to turn the corner and head up. The RSI is turning up in bullish divergence. While price is below its moving averages, the SMA20 is soon to be in reach. The anchored VWAP lines are approaching a slope decreasing to zero, while price is getting closer to the mean VWAP as those lines go flat....
This 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the day. For me, this demonstrates the value of one or more of these indicators armed with an alert or notification to catch the move once it gets started. It also shows the...
XNGUSD is still in oversold and undervalued territory as demand may be mitigated by anticipation of milder weather and supplies seem to be more than adequate. XNGUSD may move higher if either of those factors changes. The chart shows price about 15% above support and about 60% below heavy resistance. The RSI indicator shows the faster RSI line above the 50...
On this daily chart of the ratio of TBT ( Treasury Bills Bearish ) to TLT ( the inverse Bullish) over time. This serves to accentuate shifts in prices from factors affecting them both but with opposite effects. Federal actions or even reports of economic data are some of those factors. This chart shows that about November 1st, TBT ad topped out and fell....
TBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees. Inflation was the direct result of the money printing and stimulus as part of the federal response to the complications of covid and lockdowns. Price is now ascending in a...
HG is on the 30 minute chart with a set of EMAs ( 7- blue 20-red and 100-black) ascended 6 % in 7 days from the morning of 4/23 to the evening of 4/29. This is traded with a leverage of 25. A short trade taken on the reversal is now impending closure. The short falls faster than the long climbs and will yield about another 6% in 24 hours or so. The trade is...
TLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the reclassification of marijuana. No much to the analysis = these will have momentum until it fades. I suspect good continuation plays here until mid -day on Friday when profit taking and sell-offs will dominate. Short sellers will take positions at the tops as well. In the...
BMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and...
LCID trended up 40% from late June and then over 2-3 days completed a standard Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and reversing. The reversal is supported by the two time frame RSI indicator showing the lower TF RSI crossing above the higher TF RSI and both of them approaching the 50 level. The zero lag MACD shows the...
LCID got news that its rich uncle the Saudi Arabia Wealth Fund will be assisting in the manufacturing of large body parts moving forward (perhaps on the methodology of TSLA to just massive molds to efficiently do so and at a far lower cost). Shares pumped today on the news. Is it sustainable? Is there still time to buy a piece of the move? On the 120-minute...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
LCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear flag in its consolidation portion. While price could go even lower, reversion to the mean says that it will retrace. The Fib tool suggests 3.35 over an...
CAKE on the 30 minute chart shows suggests as a short candidate including death crosses as well as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for sufficient volume and level of implied volatility.
SAVE missed out on a merger into Jet Blue. No other suitors have come along. It has sunk in a falling wedge with episodic trends up in the wedge. At present price is at the longer support trendline of that wedge. Relative strength reflects an oversold and undervalued condition. The Fisher transform shows a curling up suggestive of the reversal. I will take...
