dorfmanmaster

dorfmanmaster

Technical Analysis We are breaking out to a 52-week high, with heavy volume (100%+ stronger volume intraday vs its 10-day average volume) First measured move target is at $32, which is coincidental with a Fibonnaci 61.8% level. OBV is supportive of the overall uptrend. ~~~ Take a look at USCR (US Concrete) which is rallying in my opinion based on the same...

dorfmanmaster

Technical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear...

dorfmanmaster

Technical Analysis / Trade Setup There could be a trade coming up next week in energy. The 50sma has worked as support 2 consecutive times, and could potentially do it again. This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength. Backtesting Data There is a very...

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Technical Analysis Technically speaking, 1.6% had been a very important level, as we tested 6 times, before continuing higher. Now the 10sma which has been working very well year-to-date, is lining up with the 1.6% level. I expect some selling to reach the 10sma at 1.6%, for a bounce to 2%. Dot Plot Summary 7/18 FOMC officials are predicting higher...

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Since the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in. The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.

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A “three pushes to high” top often develops as a leading edge of a larger, longer topping formation. This scenario may be a reliable indicator of decreasing momentum. The way it typically forms is as follows: 1. The first push creates a new high outside the upper band. 2. The second push makes a new high and touches the upper band 3. The third push makes a...

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From the beginning of 2020, emerging markets, and specially China, had been really outperforming. The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel. We have tested the 50sma, which has worked as the lower channel trend line in this system. Risk-reward-ratio is...

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1 candle = 1 month. Which shows us a 10 year down-trend which is about to be tested. If we break R1, R2 is the next potential move. Since early november we haven't broken the 10sma, which can be used to exit half your position. Fundamentally speaking, it appears the market is expecting the stimulus bill which might come in the next months, and will most likely...

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Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing...

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In the chart, you can see all the bearish engulfing signals on the $SPX from 2018. They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week. For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) . Positive Note: If we can rally and close on a weekly...

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GME became around 20% of the weighting of this ETF from around 1.5% If you haven't been investing on the Reddit Frenzy, and you wish you had; now is your second chance. 21ema is the support level to watch currently, as it has held in the past; and is giving great risk-reward as we are just above it. Volatility can be extreme, so set clear defined limits to...

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Technical Analysis Since early December, we have had over a dozen tails on the purple up-trend arrow drawn in. The 50sma is now coming into play, as a break below that, could take us another 20% down to the 100sma. An appropriate level to exit the trade then, would be below the 50sma. There also horizontal support as we fill the gap. Important Note:...

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The 2 most important internals we can measure are sentiment and breadth . Sentiment is going higher, but breadth is starting to show cracks. The are many breadth measures, including: McClellan Oscillator, advancers vs decliners, equal weights. Both had been holding up very well; however, the breadth is starting to show downtrends, suggesting we are due for...

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The Santa Claus Rally was first published in the Traders Almanac in 1972. The definition is as follows: A stock market rise during the last 5 trading days in December and the first 2 trading days in the following January. For 2020 this means the Rally would start thursday December 24th, 2020; and end tuesday January 5th, 2021. According to the 2019 Stock...

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CRM has consolidated for almost 3 weeks, after gapping down on the news it had acquired Slack (WORK). Risk reward ratio is around 3. A potential test of the pre-gap candle lows might be in place before attempting to reach the 50sma, and subsequently the top of the gap. OBV line has tested and is now respecting the line that was made before the gap higher.

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Technical Analysis We have broken the long-term resistance trend that had been in place for almost 10 years. RSI is very overbought, but this market has proven overbought can stay overbought for a long period. In the chart there is 3 potential targets for Copper in the long-term picture. There are several place to take profits and/or add on pullbacks. (These...

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Technical Analysis On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside. There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30. I am...

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The green arrow in the chart show the support being tested around $135. The upside is around $144, and a stop-loss exit below the 100ema makes sense for at least 50% of the trade. RSI has slightly improved, showing bullish intent. PG is probably being used to collect dividend, so choppiness in the drawn channel isn't a negative thing.