$SPY - still not seeing the strength I wanted to see in my watch-list last week. This is especially true in the smaller caps. Pre-Market gains are consistently getting faded off in the morning, making it tough for market open traders to see follow through on their momentum based gapper setups. Some points for me going into the new week: - Wait 10-minutes after...
$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30%...
Last time the RSI-21 had a negative breakout outside of the Bollinger Bands, it resulted in a serious 1 day rally. I'm in.
$SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week. Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily). Before we see a clear direction in...
$SPY - after a strong rally from the pullback in the first week in March, we have now approached an overbought level under $283. Stochastic's are over 80 showing us overbought condition, along with a pinch of the upper bollinger band on the daily chart. We also have a thick area of resistance/buyers in the low $280's from the past 6 months of price action. All...
Squeeze has been on for 10 days. Momentum has flattened out and is now turning positive. RSX curving back up, crossed above mid-line. DPMO shows a false top and beginning of another bounce. Look for confirmation by establishing support around 55.60. First PT is 59.64; second PT would be retracement to .618 fib level at 63.75. Of course, this squeeze could...
It appears that the Marketwatch article yesterday more than doubled the usual volume for this ticker. The 1W chart shows the following indicators that piqued my interest: TTM squeeze on, any continuation this week would likely trigger a release. RSX higher highs/higher lows and currently crossing mid-line, indicating there's room to run much higher despite...
Since my first post, PYDS climbed from 2.78 to 3.13, closed the week at 3.03. I've done further analysis of the weekly chart and note the following: breakout above the upper resistance trendline from 03/15 to 10/17 sustained support at SMA200 on 1W chart PMO crossover and higher lows on last two cycles of PMO The fib retracement on the left covers the...
Since my last post, the squeeze has fired. If you caught my original post and followed it, you had the opportunity to get in at 10.8X. The uptrend is strong. MA crossover confirmed legit and confirmed breakout above old downward resistance trend line. With WTIOIL sustained uptrend, USDP should easily close the gap from 12.00-12.75. The RSX has just crossed...
Nice weekly squeeze release. Watch for price targets of 4.00 and 6.50
TTM squeeze about to release on 30M chart
The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
Over the last 5 years, there have been 9 independent observations where the S&P 500 Stocks at 10-Day Highs Minus Lows crossed below the level of 300. After 5 days, the S&P 500 returned an average of 0.97%, with the return being positive in 89% of the observations. Tuesday 22nd >> Tuesday 29th
The daily chart offers two long setups with indicators firing almost simultaneously. On the top left, I hid the candles to display only the EMA20 (green), SMA50 (turquoise) and the SMA200 (red). You can see the price action on the top right chart with the TTM squeeze overlay included. We've got a good old-fashioned SMA50/200 golden cross with support from the...
So, assuming this weekly candle holds up, ENPH has a really nice TTM momentum squeeze setup on the weekly chart. For comparison, the last time ENPH had a squeeze breakout like this was July 2014. Here's the chart: Over the course of ten weeks, ENPH ran from sub 10.00 to a high of 18.00! Past performance in no way guarantees future results, but the point is...