USO has my attention. Hi USO, How are you? If you know my trading style, you know I am a quant trader and I am now in the process of developing a working model of USO. But while USO and I get acquainted, intimately ;), I wanted to speak philosophically about the idea of an ETF based on oil and just about the energy sector as a whole. I had frequently posted...
Buckle up, this is a long post that lays out exactly what is happening in the current bear market. If you are interested in understanding bear markets from a mathematical standpoint, then continue reading! I see a lot of confusion from traders and even finance professionals about bear markets and the current market selling we are experiencing. Many traders and...
Monthly View IBM is operating in a type of bull pennant on the monthly chart that has been building up since March of 2013. I would have liked to see this break out, but unfortunately, owning to the current market circumstances, its probably not going to happen in the near future. Tech is being hit hard with this current bear market and IBM has managed to retain...
NVDA is an interesting stock. It has displayed a lot of strength in the face of an incoming bear market. The question is, will it maintain its levels or succumb to the greater market? On the daily chart, I can see NVDA playing out in two ways. 1. Bouncing off of ascending support towards the overhead support, creating the flying bird pattern; or 2. Breaking...
My Sunday post! Here are my anticipated levels for indices and some of my favourite stocks :). Included: SPY, QQQ, DIA, TSLA, RTX & AMD SPY (chart above) Technical Overview: On the 1 hour chart we have what looks to be a bear flag. This also is visible on the 4 hour chart. Now on the 4 hour heikin ashi chart, you will notice pancaking of the candles. These...
Yeah, so I am usually extremely short biased on this stock. The SECOND I post something with a HINT of short term bullishness, this happens. You're welcome bears. Sorry bulls, my bad :(. Anyway, I was wrong. I thought the market wanted to wait a little longer to sell off and I thought BA was well positioned in its descending channel to ward off any imminent...
I see SPY is gapping down. Will we fill the gap today? Maybe. Probably, but who knows. My words of wisdom is don't get too excited. MY predicted range for today is that SPY wants to trade between 229 - 441. SPY remains within this range currently. And will remain within this range if it wants to fill the gap. My predicted range for yesterday was that SPY...
I know, I threw off TSLA for a while. BUT, really REALLY strong thanks to @Vex888 who has helped and given me the tips needed to actually come up with a workable TSLA math model :)! Thank you so much to Vex and all the TradingView Community. Pretty awesome bunch you all are! So I will be trying this out tomorrow. Seeing how it goes. I took some losses yesterday...
Tech stocks are looking bullish! And by looking bullish, I mean by their behaviour and not how they look on the chart. They are all hot messy on the charts, but their price action has been moving in a bullish direction. Today, QQQ was looking to trade in the range of 338 to 346. After adjustments based on pre-market open, this increased the range to 340 -...
BA is approaching its ascending support line in this pennant type channel its been trading in for eons. I think it is possible for a little bit more pullback, but I am anticipating BA to do a little pop towards the upside in the coming days, if not tomorrow. Currently, BA is resting at -2 standard deviations form its mean high, low and open range. If there is...
Very, VERY, very tough market to trade. So if you saw my other post/vent, I missed that big move on QQQ, despite the data being RIGHT THERE. I ultimately ended up trading QQQ short for a modest win. My levels today: Forecasted High: 348 Calculated High based on open: 348.31 Actual High thus far: 348.08 Forecasted Low: 341.42 Calculated Low based on open:...
Not a usual post. Just wanting to vent some frustrations and hopefully shed some perspective for new traders. Today has been a hot mess of a trading day with tons of consolidation and lack of clear direction. But this is one reason why I have adapted a strategy to deal with precisely this! Yet, I did not monopolize on it. My plan (based on math) was telling me...
Hey AMD, Sup? I see ya there. Outperfomring expectations. So today was the day I removed TSLA from my watchlist. Goodbye TSLA and good riddance. While it behaved kind of as I anticipated today, it surpassed that ascending resistance line, only to behave completely erratically. IMO, TSLA has become too much like AMC and I am out. BYEEEEE!!! So now, I need to...
Levels tomorrow for SPY, QQQ, NVDA, LCID, TSLA It seems likely the market wants to continue with this bullish sentiment/pullback. If you are like me, that is, if you a reclusive introvert with a huge anxiety disorder, then you are probably finding it difficult to reconcile the bullish push with the scary circumstances of the world. But let it be known that the...
SPY Gap Down, how do we make sense of it? My thoughts. As always, not financial advice, trade your own way. Let me know if you have any questions!
Alright, This is how I see this going down. If you recall my original post, I felt that TSLA would re-test that ascending support (now resistance) and bounce off that to make new lows. After seeing how pathetically weak TSLA was on Friday in the wake of a market wide bull run, I am starting to think that this is being too generous for TSLA. So where do we look...
Hello, I was requested to do a quantitative analysis of CNI. It took a little while for me to map this out but here are the results. I will go over a complete review of CNI stock. Fundamentals CNI is one of Canada's leading industries with a solid establishment in the industry. It spans across Canada and the USA and is responsible for a huge portion of...
I like this stock. This is one of the stocks I have not sold out from. I believe in this company, it has solid fundamentals, and in times of war and conflict, it becomes an even more relevant company to invest in. It has been avoiding this bear market quite nicely, but I see the market rally we had also had an effect on RTX. While the RSI on the daily still...