Buenos dias! I am back from a vacation to Panama (the country, not the Redneck Riviera) where I had a refreshing time and I'm ready to hunt for opportunities and share! Many great stocks have pulled back to their 50% Retracement Levels. If you follow my ideas you know that this is my favorite technique for finding opportunities in any instrument.
I use a...
This week we watch for a potential reversal of the selloff in stocks based on VIX reaching a key Resistance. The lows of the year may be tested still. Cryptocurrency still fails to gain bullish momentum as Bitcoin and Ethereum give up supports from the recent rally. Oil may get a bid this week back up to the top of the recent range. Gold and Silver continue to...
Way back in ancient market history; 2020 and 2021, there was a great clamoring for the latest and greatest prospect of human technological achievement... Electric Vehicle companies! Billions of retail dollars were thrown in a frenzy into speculative bets about "the future of travel". Well, we come to today and investors are relatively quiet compared to the old...
The stock market rally is stalling out today and the Nasdaq has hit a key Resistance. Does this mean the end of the recent rally? Is the market heading for a crash? I'm going to look objectively at price action and the VIX to explain my thesis as to why a new All Time High for 2022 is likely.
Facebook NASDAQ:FB going lower was something many people did not expect on February 3rd, 2022 after the huge drop on earnings. I am afraid that many investors and traders did not pay heed to the words of one of my favorite investors Peter Lynch that "a stock can always go lower." Now price is grinding down those expecting a quick bounce. Let's look at this...
Ethereum/Bitcoin BITFINEX:ETHBTC setup a nice trade a few days ago. The price action of the trend is a really interesting example of the fractal waves that price tends to make. Once traders can identify and chart these patterns they can find some very profitable trade entries! Many traders ask me "what is the BEST timeframe to trade?" or make the observation...
Was doing some weekend homework on stocks my social media followers are into while I watched the last few episodes of Billions and came to NASDAQ:PYPL . I've been watching this stock since it hit my alert at 195.59 in November. The last two weeks of price action have piqued my interest.
On the 30 minute timeframe (which I consider the swing trading timeframe)...
The market is slowly creeping up to new All Time Highs. The question people keep asking on my social media is "what should we trade NOW?" The answer is... probably nothing. Now is the time for research and setting yourself up for GOOD trades in the near future and I talk about HOW and WHERE to do this. In this video I use NASDAQ:DKNG as a meme stock example.
The meme stocks ( NYSE:CCL , NYSE:RCL , NYSE:NCLH ) in Cruise Lines have finally recovered but are they now a SELL? These stocks are coming up to a key Ichimoku Cloud Resistance level that traders and investors should pay attention!
I wanted to put out a quick Bitcoin price action update on this pullback. YES BITSTAMP:BTCUSD is in fact at a major 50% retracement level from the ATH. If you were looking for a smart buy this could be an opportunity. HOWEVER, you must consider the further pullbacks that are possible and what they mean for the long term bullish trend of Bitcoin.
The market teaches traders lessons every day... often times reinforcing them to seasoned traders like myself. I happened to have been in but was out of NASDAQ:SRPT before this disaster today. It's a reminder why you MUST take profits even if sometimes you feel the FOMO after you do...
Some price action this week got me very interested in stocks that were all the rage through the pandemic trading in 2020. NYSE:RCL is a trade I posted about yesterday that was up 4% on the day today. I like this price action to go more. NYSE:DAL is another stock in recovery that a friend had me look at and it has almost identical price action. He also took...
Once the hype dies down all the hype traders stop looking at the stocks. That doesn't mean there are no more opportunities. Ignore the hype and stay consistent looking for your setups... even and ESPECIALLY when a stock looks BORING! That's the time for opportunity when no one else is looking!
I wanted to make a video followup to a post I made over the weekend as BITFINEX:BTCUSD was flirting with a swing timeframe resistance on the 1h timeframe. Price has taken the bullish case by breaking that resistance. I share my thoughts on what this means for the future and if we are going to break that all important past-All Time High or not!
Hope everyone had a great Thanksgiving if you're in the US! What better way to recover from a food coma than to analyze a food stock?
I'm comfortable with traders being bullish on NASDAQ:BYND to retest the 2020 high so long as it holds the post-earnings low. There is clear price action to structure a trade where your risk and target needs to be. So loosen up...
Today I got sent a lot of positive vibes about the methods I've been sharing so I wanted to give back. There are two great setups that a friend found I wanted to share on NYSE:REV and NYSE:EL . I don't know anything about the industry of women's makeup but I know when price action is beautiful!
Both of these had some great around-earnings price action that...
I've taken two positions on FOREXCOM:AUDNZD this week. First a bearish 60m breakout that I captured a little bit of profit but the remainder stopped out. That stop out revealed some fascinating price action at a potential Daily Support level. I really like studying price action such as this and put my thoughts into a video to share!
