JKReddyLin

JKReddyLin

This kind of analysis helps in picking right stocks like the big boys do. The chart above showcases the normalized EMA lines of all stocks within the Consumer Services sector. By utilizing EMA(moving averages) lines instead of stock prices, we can observe a smoother and clearer representation of price movements across various stocks. On the left side of the...

JKReddyLin

The chart shows daily timeframe on left side and hourly time frame on the right side. The indicator added shows multi timeframe trends and EMA8 on the same chart. Multi timeframe includes 1. daily trend/DT, daily ema/DE(in red) 2. Weekly trend/WT, Weekly ema/WE(in green) 3. Monthly trend/MT, monthly ema/ME(in blue). The price has recently moved close to ME ,...

JKReddyLin

I am using DJI(Dow Jones Index) as proxy for SPY here to compare it against BTC price movement. The analysis of BTC correlation with indices remain same, if we interchange DJI and SPY. The Day chart displayed here is marked with vertical lines on the matching lows and highs. As you can see, BTC low or high is perfectly matching with the indices lows/high DATE...

JKReddyLin

Key Observations: - Weekly candles forming higher highs and higher lows, indicating a bullish trend. - Currently testing weekly bottom support. - However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction. Dilemma: - Should we buy now, given the bullish weekly trend? - OR wait for daily EMA reversal off weekly EMA? ...

JKReddyLin

The daily chart above highlights FED interest rate cut decisions with vertical lines. I've used the DJI ticker instead of SPX, as it provides a more comprehensive representation of the overall market, unaffected by the dominance of the Magnificent Seven. My analysis focuses on monthly candle peaks (indicating overbought conditions) and lows (indicating oversold...

JKReddyLin

As I analyze the charts of DJI and S&P300, a compelling narrative emerges. To establish a higher low, DJI needs to revisit its support level, approximately 2% lower from current levels, before the end of this month. To gain more confidence in the overall market structure, I constructed an S&P300 index by selecting the top 300 volatile stocks from the S&P500,...

JKReddyLin

I have done extensive analysis on lot of stocks to see, which group of stocks gives more returns compared to market, index or any other household branded companies. Before i get into alternative to beta, here i will try to get into the details of beta calculation to understand ourselves why beta may not represent true nature or momentum of a stock. How is beta...