SPY on a daily chart shows rising VWAP lines and price with the RSI indicator showing strength above 50 since November and presently in the 65 range and so not yet overbought. Volumes are near to the running mean. Price Momentum and Relative Trend indicator are more or less flat but are positive. The mass index indicator does not show a reversal pattern. I...
USO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect oil liquidity globally and prices at the pump continue to be volatile the federal government seeks contracts to restore the national strategic reserves depleted in the last supply demand challenge while the presidential and congressional election cycle starts warming...
On this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout. Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours, NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator forecasts and uptrend continuation. I will get call options targeting $58 for...
SOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous time this has occurred in the past month, price has bounced into the second or third upper VWAP band line for a bullish momentum move. The mean VWAP is where big players like to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will show...
NFLX has added 20% to price in the two months since the last earnings which were decent but not remarkable. The 2H chart shows a dip of about $20 per share coincident with a fall from the second upper VWAP line to support from the first upper VWAP line. The zero lag MACD shows line rising over the horizontal zero level in perhaps a sign of bullish...
KHC is a consumer staples, not a high flyng tech stock. Content to grind out a trend and take its time, it now looks to rise from sideways action since the last earnings. It is approaching the anchored VWAP where the big players sit waiting to pick up shares in the high volatility and volume zone and so earn a living from other traders who are not as savvy....
ESPR on the 120-minute chart is surging with momentum from an FDA approval for a new cholestrol and lipid medication which will be an alternative to the at statin class which has side effects and can cause diabetes. I am familar with a few of the professionals on the science advisory board they are researchers and academics of the highest claiber. The...
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
EURUSD is currently sitting at the price level from which it reversed in mid-December as well as mid-February. Price is at the second lower anchored VWAP band line which adds confluence to the support. From here, price should move toward the mean VWAP. Upside to the target mean VWAP is about 1.25%. The RSI indicator shows weakness and an undervalued /...
AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5 days. From here I expect a move toward the upper first and second VWAP lines and so will take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP +2) The stop loss will be under the mean VWAP at 0.6515.
CZOO shown on a reliable daily chart had an earnings report beating the estimates back in November whereprice action trended up then down in January followed by sideway action then finally a break out through VWAP band lines and the entirety of the high volume area of the profile. Ahead above is a volume void where price moved quickly coming down.. On the...
USDJPY has been in a narrow range consolidation since a one week trend up from March 14-20. The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line showing some bearish divergence. The predictive also's blue line forecasts a slow downturn. I am taking a short forex trade on USDJPY expecting price to fall into the support of...
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over the POC line of the volume profile,a monthly volume bar over the running mean for the first time in two years price crossing over the mean anchored VWAP and both the trend and the momentum indicators making reversals. I will open a long trade of both shares as...
Biotechnology is expected to be a hot subsector this year as healthcare recovered further from the COVID pandemic anything from startups to big pharma- from vaccines to new drugs for diabetes, liver disease and obesity. This is shown on a weekly chart to show the long term trend with XBI pivoting to bullish back in early November. I add long positions when I...
IRTC on the weekly chart shows a symmetrical triangle with compression of price into the apex confluent with the 5 year anchored mean VWAP. I am very familiar with the product line including often lifesaving technology such as AEDs. The company has had weak earnings reports but price has managed to so from undervalued to fair value. I will add to my...
LCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear flag in its consolidation portion. While price could go even lower, reversion to the mean says that it will retrace. The Fib tool suggests 3.35 over an...
BAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see...
WULF on a daily chart has room to run to a end of the year pivot high and the ATH of July 23 The relative trend indicator shows it rising out of of the chop zone and the RSI shows lines popping over 50. My targets are 3.1 and 3.8 the red lines from the tweezer tops. PRice has crossed the mean VWAP a bullish momentum stimulus. It is a cheap but risk way to...