Trader Vic (Victor Sperandeo) says you gotta go long here ! By his "Principles of Professional Speculation" , EWZ weekly has broken down trend and pivoted to an up trend. I'm also liking the volume and and MACD bullish confluence. I went long starter size March 32/34 debit spread , and will add with more confirmation. Some whale also bought 17K of these...
I like this trade idea on Ciena corp - good risk reward IMO. What was resistance appears to be support now, and with a pretty big VP Void above I'm looking for a move back up to 70 zone in the near term. Long shares with 62 stop loss
SPY one idea on a 3 month time frame would be for SPY to form a Head and Shoulders type pattern.. which to me would make sense. Surely most shorts (including me) have taken profits and are waiting for the next opportunity which would imply more move to the upside. Once sentiment is bullish and retail piles in long, I'd expect the market to pivot and continue...
This week Bitcoin BITFINEX:BTCUSD is at a key RESISTANCE LEVEL and you need to watch it! We take a look at the Bitcoin Market Dominance to see if Alt Season is underway. The S&P500 and Nasdaq Stock indexes and the VIX Volatility Index are all giving us signals that this recent correction is over! Oil continues its rise to 100. Now is the time of year for...
For the last 40 years, I (we) have invested in a never-ending Bull Market in stocks. During this time: Stay the Course and Buy the Dips worked. But as Ray Dalio said recently: THE PERIOD OF EASY MONEY IS OVER! The new paradigm will either be Zero or Rising Rates, neither of which will be kind to long term investors. The BIG MONEY has already begun to or...
ping pong days ahead. Expecting strong corrections in all index stocks in nifty 50. Thats why index's behaviour are so important cz it gives you information about everything as a whole. how stocks are going to perform. this might look like sell on rise market for index as well as individual stocks but its also a buy from bottom kinda thing. One thing for sure...
Hi, Long time no see! ;) Actually, quite a busy time but still, have some old depths again and here they are - the stocks you mentioned in the comment section. Probably you don't even remember them :) Sadly this series is not popular amongst crypto followers but still got enough data to sort out some stocks which may indicate that technically we get short-term...
Thanks for coming around... your likes and comments means a whole lot to me...... This asset has rallied down from its all-time high of $310 zone down to its present low around $126 zone. This bearish move corresponds to a 60% correction from the previous high. This current is also $4- $5 away from FIB 76.8. For me, this asset may retrace and retest the...
I want to show traders examples of a powerful phenomenon for trading price action. This quick price action happens on earnings, major news events, and other catalysts. It happens on stocks, cryptocurrency, futures, and anything that trades! This involves some candlestick analysis but is incredibly simple. Traders can use this to spot reversals and be...
Friday saw a dead cat bounce of sorts. Probably caused by the magnificent jobs number indicating a roaring economy; but... The Friday candles in all four indexes stink. The inability to close higher makes the bear case much stronger and the worldwide Central Bankers came out with intentions to raise rates. I would heed this, very very much. Watch out below,,,
Fed induced market bubbles abundant. Buyer Beware. A financial crisis of biblical proportions is coming. Avoid the "easy money" investments that seemingly "always go up". The masses will be left for dead. Volatility continues to surge. Buy #UVXY
Technical Analysis and Outlook The index rebounded and created a new Mean Res 4590 with the possibility to go as far as Mean Res 4725 (Odds >50%). The primary trend is on the downside to Inner Index Dip 4370 with the possibility to retest Outer Index Dip 4300 and Key Sup 4295 - With resuming the Up Main Trend.
it's the right time to sell your tesla stocks because the price will go down
One of THE most bullish chart since 2020 got hammered hard and found good support from the breakout zone. With ER next week, where price will end up is anyone's guess. with crazy moves like SNAP, FB, SPOT, NFLX, AMZN, I wouldn't want to gamble before consolidation.
The SP500 doesn't look good. Many things are going on here: 1. The weekly candle closed below the resistance 2. Bearish divergence in short and long term with the RSI 3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks. 4. On top of that the FED announced the end of money "printing" by March. 5. Only the big cap...
Tesla stock is showing some bearish signals. Is forming a double top with two big weekly reversals candles. Also shows bearish divergence against the RSI in the weekly timeframe. On the other hand, price is trading within a huge megaphone bearish pattern. The price is hanging by a thread. If it breaks the support, is going down hard. Personally, I don't think...
Twitter has formed multiple bearish patterns, double tops, weekly reversals and the new resistance previous support is rejecting the bulls. Is very bearish, I don't think is coming back.
Swinging 455 calls here with signs of strength and job #s out, nice VP gap above. Hedged with shorter strike put, I think we see more upside especially with a strong close .