TGC_Trade

TGC_Trade

Notes in chart. This is a counter trend proposal, tight stops are a MUST!

TGC_Trade

$SPCE broke down the weekly up trend line. Before continuing the decline, a retest is normal. Looking for a short term long play to $26 before shorting down to the teens.

TGC_Trade

As spring break ends, we look for more volatility to come back in before summer doldrums kicks in. Looking to play to the short side with caution.

TGC_Trade

currently trading this with a stop just below the support line, will add on the break out of the last high.

TGC_Trade

We're currently and potentially completing the bull leg of this current run. After the rebalancing and rotation back into the technology sector, there's money outflow going out of the market in the past couple of days (aka profit taking). While there's a probability that we'll shoot up to $QQQ 330 to fill the gap, there's an equal chance that we'll start a...

TGC_Trade

We hit the 50 daily moving average on $SPX500 today which caused a reactionary bounce. I was watching all three major indices today to make sure that there was confluence to this bounce - and it was there. Tomorrow (Friday, March 26, 2021) is the last trading day of the Month of March and the quarter-closing trading day. This means there is a good chance for more...

TGC_Trade

Haven't done any update in the past couple of days because we're still chopping in range. However, we note today's drop means nothing has changed mid-term. We're still poised to retest the $SPY 372 level (and its equivalent to other indices). Today's selloff can be attributed to "Turn Around Tuesdays" HOWEVER, let's look deeper. The sectors show rotation back...

TGC_Trade

The negative divergence holds! The FOMC was a mere distraction from everything that's happening internally in the markets. Granted that the rally due to stimulus checks has been "priced in" - I think we could start a new down trend going into next week. As always be vigilant and flexible. Our key would be a break and close below SPY 390 tomorrow. I currently have...

TGC_Trade

$ZG is showing some lag today. I'm looking to swing short this going into next month for a continuation of the down trend.

TGC_Trade

$XOP broke below the bullish channel today with a gap down. I'm expecting this to continue downward. The ideal entry is on the retracement. I see this going down more over the coming weeks.

TGC_Trade

The market has "successfully" pivoted above the down trend that started during Valentines week. We have spiked above the channel, retested, and followed through. In the coming days I'm anticipating a pullback. The ideal short entry is when QQQ enters that gap and pivots around 330. I'm mainly sitting on hands at the moment because we'll have FOMC meeting tomorrow....

TGC_Trade

The negative divergence remains intact. It is good that we were very cautious going into the weekend rather than blindly shorting in front and before the stimulus checks get injected into the market. However, we take a step back and look at where we are BIG PICTURE . We continue to test and dance around the SLOPE OF HOPE. There's a lot of excitement in the market...

TGC_Trade

There's extensive notes on the chart with regards to this 12 or 13 year old bull market. Personally, I do not think that this is sustainable. There is a big article that came out last week where Bridgewater's Ray Dalio Warns of Possible ‘Lost Decade’ for Stocks. The stock market has skyrocketted beyond anyone's imagination due to the Fed-induced bubble keeping...

TGC_Trade

Potential breakout trade; i'd like a retest of the triangle before going long.

TGC_Trade

This is an actionable trade today. $RDFN is now testing the channel breakdown with the negative divergence intact. I suspect we will head down to the support line outlined in the chart in the next 2-3 months if not sooner.

TGC_Trade Updated 

The market is poised to pullback after a major week of rallying and being bullish. HOWEVER, please note that the negative divergence that has been building for months is still holding. The breakdown triangle/wedge has also been "retested" for all its intents and purposes. I will continue to look for shorting opportunities in this 13-year secular bull market...

TGC_Trade

Futures are poised to breakout of the current downtrend. After yesterday's close, the idea was to have a rejection overnight which did not happen. Today, we will be watching how the market reacts. It is a critical day because it will either prove to be a fakeout or breakout. Although the QQQ is looking like a gap above the trend, we look at the big picture. On...