quantitativetendies

quantitativetendies

- SBAC ready for its next leg higher - shares have been re-accumulated and are ready for their next breakout higher (wyckoff methodology)

quantitativetendies Updated 

CURLF is a solid MJ company but might need to consolidate on valuation basis - Head and Shoulders are forming and could prove to be a good catalyst for such an event - Elements of break down are visible: volume is deteriorating (into head and right shoulder), trend is diverging, relative performance is weak - Longer term view remains constructive and many...

quantitativetendies

XLE - Support holds as more buyers step in; this is a good time to start layering in and attempting jump back in

quantitativetendies

Setting a point and figure target based off the Wychoffian consolidation. Minimum target of 17, Optimal Target is 20. Fundamentals of Burford remain very good

quantitativetendies

XLE good time to take some profits 1) quad witching on friday 2) st momentum weakness

quantitativetendies Updated 

This is a continuation trade after breaking the first key resistance barrier, we have broken through a smaller one recently and there is one left. A good place to add to the position if it falls back down to the support (prior resistance) and when it breaks the next major support.

quantitativetendies

Spring has formed, preparing for the break out; PT 22 I am expecting to see - a more strong move up past 9.30 (re-establishing a support there) - some consolidation at 10 (re building of the spring) - a strong push to 22

quantitativetendies

Despite what felt like a painful 2 weeks - the SPY is still range bound and a bullish outlook continues to exist. - MACD showing some initial weakness however because of its sensitive to recent price moves it can easily be reversed next week - which will a good opportunity to buy the dip - RSI still showing a rising trend

quantitativetendies Updated 

Chwy has had quite a run up but now weakness is coming. 1) Weaker MACD signal on the run up 2) Bearish Wedge consolidaiton 3) Lower volume (confirming of a rising wedge) Will face some headwinds amidst expected forward rising inflation which will reduce margins and push the profitability potential around in the future. Good time to exit long and start considering short.

quantitativetendies Updated 

Burford consolidation half-way through according to the Wyckoff Re-Accumulation Framework More large institutions entering the position (fundamentally) A lot of supply removed from the market recently Earnings coming up in March which can be the catalyst for jumping the creek and further accumlulation

quantitativetendies

- PICK holds miner producers (ex Gold and Silver); as the economy re-opens demand for metals will increase coupled with inflation creates a fundamental bullish view - A new bullish trend has been established confirmed on MACD, RSI (maintaining a support), and stronger volume buying into the reversal (of the short to long transition) - RSI is showing that we may...

quantitativetendies

On the back of a rotation to value and steepening interest rates financials make a fundamentally good play if you want to be long in the stock market. We are breaking the last prior high with renewed momentum and signs of accumulation throughout the complex.