Double Bull Flag on SPYInteresting chart here with these two consecutive bull flag breakouts.Longby AdvancedPlays2
GDXJ new weekly lowsDollar UP. gold at a very TOP And miner doing very bad, after all, cant be a bullish continuation. That means for me a RESET, to a weekly low or even a MONTHLY bottom. If after Fed meeting, gold continues crahing (and it could) if dollar seeks new HIGH, miners would fall more... I am full short at this moment. There is a gap at 33 that should be filled. And under 30 is very probable...afterwards, wait and seeShortby JAY_c5velmUpdated 20205
Yea, its a bull flag or whatever...Its clearly setting up for ATH and a push higher if everything goes accordingly. What I am looking for is the DXY to push above 105 again and the VIX to start pumping, if these dont happen tomorrow after earnings then we are set up to rally until July - October. I can see a pump until election time playing out, volatility is about to pick up big time within the next 6 months. by LeapTrades1
The Traditional 60/40 Portfolio ReimaginedThis is a snipet of a more extensive note on themacrobrief.substack.com This trend of central banks accumulating higher gold reserves also holds true on a global basis. This has huge implications for investors as foreign central banks hold lower US Treasury reserves vs higher gold reserves , it puts upwards pressure on US yields (Lower bond prices) and creates demand for gold resulting in higher gold prices. The Macro Brief is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Traditional 60/40 portfolios are likely to suffer if this trend of replacing US Treasury reserves with gold continues. Traditional 60/40 vs Modern 60/40 vs 60/20/20 Stocks, Bonds & Gold Below are the results for a monthly investment strategy investing $250 a month from 1984 to today in both the traditional 60/40 stocks and bonds vs modern 60/40 stocks and gold and also a balanced approach which has 60/20/20 stocks, bonds and gold. The portfolio is rebalanced yearly. The tailwind in bonds from a 40 year decline in interest rates contributed to long periods of outperformance for the traditional 60/40 portfolio, however the other two portfolios of modern 60/40 and 60/20/20 both produced marginally better performance. Given the macro landscape developing from central banking behaviour and the uncertainty of inflation, interest rates, we could be entering a period where the modern 60/40 produces long periods of outperformance. Considering an allocation which diversifies bond holdings with gold could offer a lifeline for the traditional 60/40 and better prepare investors' portfolios to navigate the road ahead. Whilst the traditional 60/40 stocks and bonds portfolio has been the portfolio of choice for the global trends of the last 40 years, the trends emerging for the decades ahead especially the reduction of foreign central bank holdings of US treasuries and the accumulation of gold as part of their balance sheet means that investors portfolios stand to benefit a great deal by considering a switch from the traditional 60/40 models, with the most likely beneficiary being gold. Stay tuned for more insights on financial strategies, market trends and macro insights from The Macro Brief.by TheMacroStrategist1
QQQ Nothing can stop itNASDAQ cannot be stopped, or can it ? can we finally see a breath taking from US Markets or are we gonna continue all the way through higher highs until it blows up China did the right move to sell 53bn US Debt cause if this thing suddenly stops, then they would be the one holding the sand bagby GlassICE1
#SPY Analysis, Key Levels & Targets for DAY Traders #SPY Analysis, Key Levels & Targets for DAY Traders Today’s Trading Range is a little bit stinky, in my opinion. Implied move from options is small. Volume yesterday was extra stinky low. 37M when everything settled and 11M around 12:30ET… I don’t like low volume trading so even though I will be trading a little bit what I’m really looking for is VOLUME…. Outside of that - The 35EMA has held us up since FOMC, so that’s the other level I’ll be looking for today. Complete walkthrough in last nights video. GL today, y’all…. by SPYder_QQQueen_Trading112
Looking interesting here. Beginning to gain levels on the daily.Looking interesting here. This is starting to smell like a bottom, since it gained that swing on the daily. For you pattern traders, a diamond reversal is in play. Risk/Reward here is pretty decent WITH STOPS at the low.Longby MicDrop50
$QQQPrice swept liquidity and candle closed above key level. Waiting to see how price reacts to news. Overall looking to enter longLongby KiNg360
SLV 🩶ready for journey - double from here?AMEX:SLV Silver , gold is commodity play and never want to hold for long term however, opportunity to trade always an opportunity for PWI LAB portfolio looking to add based on my weekly setup What do you think? Longby Peaceful-Weekend-Investing0
$SPY interesting cycle analysisNot a recommendation, just thought the cyclical nature of these time periods align. We'll see :) Shortby C0o0kieUpdated 331
$SPY May 21, 2024AMEX:SPY May 21, 2024 15 Minutes For the rise 525.18 to 531.52 4SPY earlier had retraced to 527.33. Being 61.8% retracement usually it will make double top. On that basis AMEX:SPY hit 531.56 today. It retraced to 529.17. Therefore 527.33 can be treated as HL. Now that number should hold for uptrend. Hence if we consider the rise from 527.33 to 531.56 AMEX:SPY need to hold 528.5 - 529 levels to continue the trend. But we have oscillator divergence. Hence holding 527 is important else we have a target 526-524, 524 being 23.6% retracement for the move 499.55 to 531.56. Hence for the day If 527 is broken i have a target 526 which is 200 averages in 15 minutes. And if 531.75 is broken with good close on bar then target is 534. I expect a one-sided move today based on open.by RiderTrader559
QQQ BULL FLAG | Possible New ATH'ssimple price action here, 4h macro structure broke to the upside with the 1h flagging at highs. Don't let it fool you though... this play could Boom OR Bust. Size accordingly.Longby CJITM441
$AGQ to $104Operating off of a confluence of multiple signals showing a major breakout for AMEX:AGQ , there is a simple chart wedge that at the 1.618 Fib level places us firmly @ $104 / share. - TVC:SILVER near term to hit ~$47/Oz: - TVC:SILVER long term to hit ~$205/Oz: The last time TVC:SILVER was at ~$48/Oz, AMEX:AGQ was around $740. Given the level of general macro instability, weather patterns potentially damaging critical infrastructure, increasing demands for physical TVC:SILVER for semiconductors / green engineering (solar), plus the backdrop of the weakening dollar (BRICS et. al. dumping US Treasuries), AMEX:AGQ just might follow these to factors Valhalla, if my analysis is correct. Would love to hear your thoughtsLongby httpzUpdated 0
Hydrogen analysisRight now there is an up and coming trend in the renewable energy source with Hydrogen. -Japan and Australia are obsessed with this tech -Hydrogen is inferior to Uranium - Still right now is dirt cheap may have a fat leg or 2 to go. Longby Swaglord691
SOXL Gap Up Potential.Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone. SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square. The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".Longby AngryBuhdaUpdated 4
SPY 1H Inside BarEasy plan. A break of either the green level for calls or red level for puts. Range defined in-between. by z0mboy110
Opening (IRA): BITO July 19th 30 Covered Call... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I can get in on weakness and with a resulting break even better than what I currently have on.Longby NaughtyPinesUpdated 0
About to hit that upper channelI am glad that Natgas is on the rise. But gonna do a small short position, see if I can capture NATGAS chillin' the f*ck out. Good luck $19.50 5/24 puts $0.33 Tiny position Shortby sonidofranko0
$XBI Looking to Breakout (Again)?AMEX:XBI Firstly, I may have an unhealthy attraction to this ETF. I have been in and out of this ETF a number of times over the last few months and overall, just a few $ profit. Having said that this has been basing Since January 2022. The longer the base the bigger the break, or so the Wall Street Axiom goes. It did breakout in February 2024 and quickly failed (I have a link below of my last idea). And there is another idiom: from failed moves come fast moves, and it did move quickly down. Now it is back to the original breakout “area” so this may have been a simple shakeout. Here is what I like about it now: It looks to have gotten support near the 40 Week MA. It looks to be regaining the 10 Week MA (Yellow) and is solidly above the 5 Week MA. This weekly chart looks much better than the daily chart. This is my plan, “if” the market is doing well this coming week and this moves above last week’s close of $91.18 I plan on opening a new position with a maximum stop below last week’s low of 87.68 which is about a 4% position risk. My thesis is that it can easily go back to retest the 103 – 104 area which would be about a 10% gain. My idea, your money. If you decide you like this idea, make sure that it fits with your trading plan on your timeframe. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Comments always welcome. Thanks for looking. Longby jaxdogUpdated 1
$SMH: Is 235 Ready?The semiconductor sector is seeing incredible strength today and it looks poised to continue. Tech and Nasdaq may still be preferred even if we see TVC:DXY rise off the lows. Best of luck traders!Longby Fox_Technicals0
$XLC: 82.5 Might Be A GoThe communications sector is seeing incredible strength with NFLX making strong moves on the day. We see this and the broader tech, Nasdaq areas of the market moving higher as well. Good luck tradersLongby Fox_Technicals0
$COPXNot financial advice. AMEX:COPX Setting up for a possible cup and handle will have to wait for confirmation if it gets rejected at yellow line resistance. Like and subscribe for more ideas.by alex6666660
Small CapsA lot of speculation regarding small caps being a 'catchup trade'. Perhaps it will play out that way. Perhaps it wont. A few observations: Weekly chart has held long term trend, well, over the past 20 years. Small caps are sensitive to Fed Funds Rates. The circumstances of the rate change is important. My expectation: Small caps upward move will precede the FFR cut. Small Caps should fade from long term trend, given 'higher for longer'. Stock pickers would be better suited to hand select small caps with strong balance sheets, as opposed to a shelf item small cap ETF. by WillNixTrading3