TLT on a 120 minute chart has continued its trend down since early December after a suddent uptrend in November lasting for a two month until the end of 2023. Inflation data is kicking the rate cut down the road of time. Price has now fallen under the VWAP and all of the EMA lines including the EMA20. Relative strength trending correlates with price . I...
SOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous time this has occurred in the past month, price has bounced into the second or third upper VWAP band line for a bullish momentum move. The mean VWAP is where big players like to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will show...
SOUN has been falling since March 21st and in the past week in a falling wedge pattern. It broke out above the wedge early in the 4/4 session and I opened my long trade position soon after in three separate pieces. I have set targets based on pivots or consolidation levels on the trend down including a standard Fibonacci retracement. The trend up will be ...
NYCB on the 30 minute chart had an abrupt reaction to the inflation report. This is not a surprise. Many traders and investors know that banks make more money when the prime rate is lower because they do not need to pay much on savings accounts and deposit certificates. NYCB has been challenged and is more volatile than the average bank stock being a...
COF is shown on 1 15 minute chart. The trade idea is to play the drop in a bank stock as a reaction to the sticky inflation report and the idea that a rate cut already baked into stock price is about to come off the table. This is a risky reversal trade. However, with risk comes reward. The idea is on the chart. I will take a long trade here anticipating a...
The idea is on this FAZ 15 minute chart. This is a ply on the idea that a rate cut may get kicked down the road and a rate increase may come into consideration as a result of the report of "sticky inflation".
Alpine is a biotech stock that had an earnings report beating estimates two weeks ago. It is now reaching for all-time highs. That said, it is burning cash just slowing down the burn. Both revenue and earnings showed remarkable improvement as compared with the previous quarter. The bullish momentum of price and volume is obvious on the weeky chart with the...
DDOG on a 120 minute chart is breaking above narrow Bollinger Bands as they begin to release the squeeze. The relative volailitiy indicator shows red to green and increasing volatility. The price volume indicators show the bullish trend while the TTM squeeze just signaled green. I will tkae a long trade here focused on the price action leading to...
STAA is a medical company specialized in implantable lenses. Many of those needing lens replacements for cataracts put things off during the COVID era and eye surgeons are now catching up on backed up patient loads. Medical insurance companies are burdened with patients catching up from the covid delays for elective surgeries. The surgeons and medical...
MCK is a large cap medical supply company- it has experienced respectable earnings reports and steady growth as medical entities including surgery centers and hospitals are busy catching up on electric surgeries from the COVID era. It is rising ar or under the second upper VWAP line. The dual time frame RSI indicator ( by Chris Moody) shows that every time the...
The idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the wall. Likely the rate cut will be kicked down the time road. When is in consideration may be a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan applications are down. Treasuries are being affected. So are tech stocks that have a...
ACB is moving of late due to the legalization of marijuana in Germany as well as the election referendum in Florida in November. It is the best capitalized of the peer penny stocks in this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB moved about 30%. There was both a long and short trade here. The options moved...
NFLX has added 20% to price in the two months since the last earnings which were decent but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall from the second upper VWAP line to support from the first upper VWAP line. The zero lag MACD shows line rising over the horizontal zero level in perhaps a sign of bullish...
LYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias. LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP or the zone of 19.25. If there is enough momentum passing through that high volume,...
On the 2H chart ACB a penny stock appears to be heading down after an uptrend into VWAP band resistance. The HMAs have put ina death cross and the lines are downward and under the histogram. The dual time frame RSI indicator shows the lines falling through the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely not...
Cannabis socks got a boost in the past day as the Biden administration seeks a reclassification of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout, crossing over the fair vlaue area of the mean VWAP accompanied on the indicators...
On this chart the ratio of spot gold to spot silver is charted over time. The traditional benchmark of 75 is the horizontal black line on the chart. Above it gold is outperforming while below it gold is underperforming. Direction counts. Overall gold has been rising relative to silver since May 23. Gold did underperform as compared with silver from...
SMG has good reason to trend up- the spring brings out consumers looking to get their lawn off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use it in their soil-based and hydroponic grow operations. The indicators show price...
