Hi everyone,
I have decided to post my SP:SPX analysis once a week from now on.
We have lost 6% in SPX since the beginning of this year. That is the biggest drop in the last 12 month.
As we are entering huge demand zone of 4495-4529 , I expect a decent leg up now.
Above:
4583
4613
4672
Below:
4529
4495
4437
With total gamma exposure (GEX) in...
Boeing (BA) has a Cup and Handle forming on the daily. It is also approaching the bottom of a 1 year and 5 month old Trendline. This Trendline’s lows originated during the COVID-19 March lows. I believe this is the strongest support for BA. This same trendline has acted as support in the past several times.
Potential targets drawn for your viewing. Explained in...
Using the same fractal analysis method I used to forecast the BTC dump & dead-cat bounce, I began watching US Treasuries as TLT was set to break out of a descending wedge.
Now that it is has, I'm publishing the idea for others to weigh in on.
If the pattern plays out we could see new all time highs; which suggests we could be entering another period of recession...
As bonds continue to move higher and interest rates lower, $XLRE and $REITS in general have been showing strength. $SBAC Has been on my radar for awhile and the breakout has finally happened. I believe that a position over prior resistance offers a good risk/reward ratio here and I like the stock long to the 0.786 Fib extension which happens to be just about the...
Past few days indicate a possible leap over night.
We'll see by the last 15-20 minutes of close...
Estimated new open at 396-397.
Feel free to share thoughts and ideas to help me improve. AMEX:SPY
Beautiful mid-day reversal after consecutive red days. As of the technicality of the trend, we are in the 5th wave of 5 waves theory. The dip or Retracement almost or at least the candlestick wick reached the 61.80% level which indicates that we are starting the another uptrend. To confirm this , we have a high volume which means people are buying the dips and for...
What a ride!
My theory is that SPY wanted to click into "oversold" before we come back and break the line in the sand we've been playing with for the last several days.
Stay nimble.
Manage Early.
Keep your mind, right.
Tune out the "noise."
Trade YOUR strategy.
Played off the close yesterday holding the .382 showing $TSLA aiming higher. looking to see a close over $1000 today to ride to -.236 for 1055. Also just bought a Model S today so it only seems right.
I think this trade will take more than a while to breakout.. it looks very much like a triple bottom or even an inverse head and shoulders.
Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays....
All,
Hertz needs to break a full candle above $1.09. I said this with AMC.. what are the odds people/companies/large investment banks let these companies go under that literally everyone knows? I say it won't happen and the backing of recent news suggests the same. You absolutely have to have a market stop loss under $.90 if you get in now. Worst case they get...
Good morning traders,
we have a few hours before Markets open, so we can analyze yesterday´s trade in the LITE market.
Truth be told, I have more than 80 markets in the Short watchlist and ONLY 10 markets are ready for a nice rally. It hasn't been here for a long time.
INSIDERS increased Long positions and stopped the market at the edge of the Value Area. And...
No resistance until $2.20. Then it will retest the open, re test high (fail probably on first test), then fill the gap and moon after that. Of course anything can happen, but that would be my price action analysis.
This all assuming it Opens over $1.30 anything below that this is invalidated 100%
All,
Think SRTS could make a big move soon. Honestly, with overall market trends and this stock in general. Hard to really say if it's a move up. But man is that some serious consolidating at the bottom. Will update later prob next week.
Good Morning
Here you can see 3 yellow lines I was going to enter at 07:15gmt but it flushed down within 3 mins didnt open my MT4 qucik enough if it brakes my 2nd yellow line Iit could be another sell.
NZD NEWS
ANZ's Business Outlook Survey shows the results of a monthly survey including hundreds of businesses nationwide. ANZ Business Outlook analyses where...
FYI: I am working on an awesome options video for my YouTube channel (Dumb Money Trader). I should have it posted by Friday or Saturday... make sure you check it out if you are unsure right now about options. They are my personal favorite equity to trade.
Also, I might be changing my blog (DumbMoneyTrader.com) to be more of a news letter type style. I want to do...
