Dxy heading toward his daily and strong support Caution ⚠️ here we may see end of relief rally of stocks and more downward side of crypto!
With everyone calling for another turning point in the S&P, the short trade is becoming less crowded. I prefer SPY 300 puts dated about six months out. Here are some ridiculous arguments I've heard for the recovery. 1. The fed will pivot or pause A fed pause or pivot indicates that economic conditions are too poor to continue hiking, implying that mass layoffs...
We trade this often in Camelot as Excalibur works well on it. Illustrated is what we feel is the potential move to come as long as we're below the resistance level above. As always, trade safe. KOG
Well, that is the end of my first equity market short with price moving 17% (within the trade) - not bad for my first try. I'm sure that is pretty much unheard of and only possible in these turbulent times. Perhaps not the end and 3,300 is still viable but target was always March 2021 price range. Best, Hard Forky. November 2021:
The ICE BofA US High Yield Options-Adjusted Spread is a measure of the risk premium demanded for high yield (junk) bonds. It is published at the end of each day by the St. Louis Fed. When it is elevated to high levels (above about 4.5%) it can act as an early warning for equity prices. See the horizontal orange line in the middle panel. Last week, on May 11,...
Bullish Price action for US30. The trendline break has me looking at possible buys. I'm keeping a close eye on price action. I don't want to see it break back below the trendline and start making lower low / lower highs.
The chart: Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices. Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band. The paradox: The consensus is the chart is a picture of 'doom' (as bearish as it gets). At the same time, every trader in the chat room was bullish on the upcoming...
DIA (Dow Jones ETF) - Weekly chart. Support, Resistance, Trendlines for reference. 05/11/2022.
Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation...
I can't seem to find any good news anywhere, it's all bearish, Yay. When I can't find any good news, that little contrarian voice in my head makes me wonder, just a bit ;) Now, obviously we can go lower, as indicated by almost everybody at the moment, there is not shortage of takes on that, but what about a move to the upside? what would that look like? At times...
I know, I know... Bears wants those shorts to print hard, but we are not seeing this in the forecast... Expecting further upside soon... Relax, Be patient, and EnJoY the Waves...
Apple is fluctuating around key chart levels. Watch to find out more.
The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities...
Hi everyone, Weekly SPX update here. Strong grind higher continues. Today we gapped down at the open on CPI news before market open. However, the gap was filled in the first hour and a half of trading. Strong rebound after bad news tells me that investors are optimistic about the equity market future. My levels are working great. Below: 4529 4496...
As Stocks & Crypto push higher, even yields ticking up with a hint of a Gold rally. It is my opinion that stocks simply can't be this inflated for long. Yes we need to wait for the Fed to reduce QE pace. However, one needs to get Volatility while it's cheap. Looking for a short term bounce in the #VIX to $24 with this beautiful double bottom / W pattern.
The daily chart is showing market sentiment from a breadth perspective: the percentage of stocks on the NYSE (2943 stocks) that are above their daily moving averages. The trend is increasingly bullish but that increase has peaked in recent days. [bDetail: MMTH - RED - Percentage of stocks above their 200 DMA MMOF - Percentage of stocks above their 150...
Beautiful descending Higher timeframe continuation correction. Watching the lower timeframe descending within structure to see if we get a clear push up and continuation if so I'm looking to buy and hold for the foreseeable future.
Short SPX500 @ 4,215; TP @ 4,000; SL your choice