CME: Live Cattle ( CME:LE1! ), Lean Hog ( CME:HE1! ) Last month, the Bureau of Labor Statistics (BLS) reported that US inflation on food items was 5.7% in June, exactly half of its peak of 11.4% in August 2022. Food inflation is at its lowest level since November 2021. Under the sub-category “Meats, poultry, fish, and eggs” from Food-at-home, the BLS data shows...
$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing...
Hey guys! Today, we're looking at a Trade Idea in AMD, the popular semiconductor company that often plays second fiddle to Nvidia (NVDA). Like most of our trade ideas, this post focuses on selling put options - this time, on AMD shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price...
*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of...
In this Tradingview tutorial video, we take a look at how to add indicators & financials to your chart. We'll discuss how to access them, where you can go to learn more about the specific indicator/financial & what you can do in order to customize there appearance and/or location on your chart. If you have any questions please leave them below & I promise that...
Want to master the art of momentum trading? Look no further. In this FXOpen guide, we’ll explore how to use momentum indicators, the signals they generate, and five of the best momentum indicators for trading. What Is a Momentum Indicator? Momentum indicators are technical analysis tools that help traders gauge the force behind and direction of trends. These...
Greetings, esteemed members of the @TradingView community and all Vesties out there! Let's explore four timeless pieces of advice that beginners tend to overlook and why we should give them closer attention. 1. Manage your expectations. Some newcomers fall into the trap of unrealistic expectations, drawn in by "get rich quick" schemes that initially...
In the comments below, share the best trading advice that you've ever heard. This could be an intelligent quote you heard or read. It could also be a piece of advice given to you by a family member or friend. Let's create a collection together! We'll also be gifting exclusive and limited edition TradingView shirts to 5 lucky comments! Please keep in mind that...
NASDAQ:UPST has been running up speculatively after completing its bottom. It has mostly retail groups and smaller funds holding so that is why the stock has up and down days in an irrational trend pattern often. HFTs are in the mix regularly inspiring the speculation. The company reports Monday of next week. Looks like Pro Traders used a swing trading earnings...
I do not do manual analysis on anything. Instead, I develop methods to do the analysis. This way, we can be free from bias, and we measure things objectively. Having said that, purely statistics based analysis does not take into consideration recent news events and other economical or political impacts on the company. I developed this method to measure the...
United States Debt Downgrade... does the market care? Are we finally getting a pullback to the 2023 bull trend that will provide opportunity?
The Vanguard FTSE Europe ETF (VGK) was an early-year relative winner as foreign equities generally outperformed the US stock market. Then came the March pullback which brought about a risk-off environment and flight to the dollar - both factor hurting relative returns of VGK. Even with a notable retreat in the greenback and a gradual shift favoring cyclical and...
Join FXCM senior market specialist Russell Shor for Tesla chart analysis.
A while ago, we drew attention to the intriguing correlation between the Chinese and U.S. stock markets. In fact, we presumed that if the Chinese economy and stock market were doing well (following the reopening after Covid-19), it would be inherently positive for the U.S. stock market and could postpone a recession to later. From around October 2022, both indices...
Hello TradingView Community, it’s Ben with LeafAlgo! Today we will explore a popular indicator with commodity traders - the Commodity Channel Index (CCI). The CCI is a powerful tool that has earned its place among traders due to its ability to identify potential trend reversals, overbought or oversold conditions, and price extremes. In this comprehensive guide, we...
Just doing a quick walkthrough of a live grail trade set-up
The Dow Jones Industrial Average has been moving lately, and today we’ll consider index member Cisco Systems. The networking giant spent about a year trapped below the $52 area. That zone marked a top in April, June and early this month. However CSCO broke above it on July 19 and ran to a new 52-week high. It retreated on Friday to hold the earlier peak. Old...
Here's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead. More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture...