dpuleo19

dpuleo19

The approval of the Bitcoin ETF has been already priced in So, if you add the ETF approval with the bearish divergence with the ROC and a throwback is very likely This could be a good opportunity for those who didn't buy this rally as the trend is still up The key support zone is $40,000, I would not buy below this price.

dpuleo19

Low volatility is good for the market, but extreme low volatility is not As you can see, a lot of times where the TVC:VIX crossed 12 from below it signaled a correction within a bull market And is not just the VIX, there are other breath indicators that are converging at levels that usually signal correction I normally track the % of SPX stocks above their...

dpuleo19

The semiconductors ETF NASDAQ:SMH is already making new highs, NASDAQ:NVDA is looking great again and NASDAQ:AMD is near a pivot buy But I'm looking at these two stocks, NYSE:ONTO and NASDAQ:MTSI , both are making a double bottom pattern and haven't breakout yet The thing is that NYSE:ONTO has been outperforming NASDAQ:MTSI since 2021, so depending...

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Paymentus Holdings provides a cloud-based platform for electronic billings like utilities, taxes, insurance and others. The bullish divergence with the ROC was signaling a change of character for the stock. Now is forming a second base withing its confirmed uptrend; my favorite setup, and the risk/reward looks good. I'll use this week's gap up has support zone...

dpuleo19

The % of stocks above their 50-day MAs is signaling that an upward rally is near. Not only it already went below 10% but now is showing a bullish divergence with the $SPX. A good confirmation for a changing mid-term trend, not only would be that the CBOE:SPX gets back above its 50-day MA but also that this index gets above 30%.

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I took a decent profit form this trade Now, this bearish divergence is signaling that it may need more time to form a new base to continue its uptrend I will be watching this one as is still outperforming.

dpuleo19

Last Friday was counted as a follow through day, but that could be easily erased. More now with what happened this weekend in Israel. The follow through day is a good leading signal and the 52wk Highs is a more complete one as is giving hints about the health of the whole market. Still the 52wk Lows is still above, lets wait for confirmation.

dpuleo19

Vertex provides corporate tax processing software and consulting services to 4200 customers over 310 countries I bought it on June but I got stopped out very fast Now the pattern is looking better and with less participants? Count me in All year with good relative strength, more up volume spikes and yesterday broke through long term resistence Let's wait for...

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In the last 6 months AMEX:XLC is the leading sector in the $SPX. And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows. There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others. Let's wait and see.

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World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline That is why relative strength is so important,...

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Coursera develops online education and learning platform designed to offer online courses, certifications and degrees. It stands as 2nd in the IBD Industry Group Rank with a 93 relative strength rating, this means leadership. Is also good to see that the ratio against NASDAQ:EDUT ; the industry bechmark, already broke out to new highs. If it can breakout above...

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BellRing Brands manufactures and sells ready-to-drink protein shakes, powders and nutrition bars. Last Monady or even Tuesday were good days to initiate a position but still there is a great opportunity to buy at the pivot above $38. Its only the second base after it confirmed the uptrend. The only bad thing is that NYSE:ELF is the industry's leader and is...

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Saia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs The price is in its second base formation close of breaking out above $439.50 I'll leave a stop buy...

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Just look at how this divergences keep giving good signals. The value oriented mega caps initiated this new bull market, looks like is now turn for the growth oriented stocks. Take a look at the AMEX:SPYG / AMEX:SPYV ratio, is going up.

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All these 3 stocks are leaders in the Building Materials industry. NASDAQ:USLM is the clear leader between the 3, breaking from its 2022 highs earlier. The technicals between NYSE:MLM and NYSE:VMC are very similar but, the fundamentals are another story. Martin Marietta NYSE:MLM , produces crushed stone/sand/other aggregates for...

dpuleo19

Every time this index broke back above 30% the Nasdaq NASDAQ:IXIC ended its correction. Will it happen again? I don't know, but I'm not betting against it. Maybe #tech won't continue to lead as AMEX:XES and AMEX:XOP are the sectors leading right now and the Nasdaq has nothing in #energy. But still, stocks like NASDAQ:DBX and NYSE:PSTG are still...

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North American Construction Group provides mining, heavy construction services to customers in the resource development, industrial construction in the US, Canada and Australia. I tried trading this stock back in 2021 and got stopped out. If it wasn't for that I would have had dead money for more than a year! Thank God for stops. Now, NYSE:NOA is ready to...

dpuleo19

The dollar has been basing below the 200-day MA. If you don't see it, flip the chart and you will see a bullish valatility contraction pattern. For me this should resolve to the downside to continue its downtrend. This would be good news for stocks.