D1Finance

D1Finance

New downward channel may already be set on the daily chart, sitting in plain site. I will hold my conviction , this looks like lower lows and lower highs headed toward the 400 level for $SPY. First point of resistance at 407.90.

D1Finance

$TNX :: 10-year treasury looks like it could potentially sustain at this level for some time and potentially continue it's grind higher. The macro environment is looking increasingly bearish for stocks as the days go by.

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I've just gotten done rolling through 30-minute charts for the Dow 30 and it seems this move higher is losing steam. Will there be a closing in the red today, signalling a bearish jump start to next week?

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Pretty sure those that bought higher are now going to be looking for a way out here on Micron. $NVDA earnings and recent downgrades in the industry should prove to be enough.

D1Finance Updated 

1-month out futures suggests a trip to the weekly S3 level on the SPY of $386.05. Potential weakness in Tech as their clients opt for cost cutting measures? Outlook on Microsoft earnings suggests their clients are trying to do more with less.

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Exxon broke out of out of it's deep value zone today above $110 per share, but didn't do so in the strongest way. Where to now? My next price target is $128 if the market remains supportive of energy. Down to $102 if the economic narrative shifts back to a global recession.

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No Premiums being paid for #stocks today I guess. $AAPL breaks out of discount territory then quickly retreats below the three year average.

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$AGYS is one of the best short opportunities I've seen in a while. The stock is currently priced at over 4,700 times growth and 105 Price/ Free Cash Flow. The company is a miss on every value component in the Quant II model. Full stock analysis report is in the works.

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Using Tan as an example, we see how we can identify periods of Accumulation and Distribution for the solar industry. My custom ADX, CCI strategy gives signs of accumulation, over buying and over selling. I've marked those points on the chart. Presently signs of uncertainty in both directions as the range sets lower highs and higher lows. This is a sign of...

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It was subtle but it happened. Lower high for the SPY with a higher high on the RSI. I project a breakout of the bottom end of this range next week. Bearish divergence continuation to kick off the new year? As mentioned in previous posts, it is perfectly fine to hold some trades to the upside, but I do not recommend going into the new year without a bias to the...

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Dow Jones is still trading withing the range of the past few days which also places it within the range it was in back when we had a major decline following a disappointing CPI report back in the beginning of June. This puts the market in a position that could see a potential breakout in either direction. Can we possibly see economic data that propels the Dow...

D1Finance

I know that many are waiting for a Santa Claus rally this year. They may get something that resembles it, but if you are a trader there is one thing that you may need to focus on more than that potential rally. Hedge like your life depended on it. The next batch of economic data may not reflect a market that is ready to rally on to All Time Highs. In fact it may...