Direxion Daily CSI China Internet Index Bull 2X Shares forms bullish "Diamond Bottom" chart pattern "Diamond Bottom" chart pattern formed on Direxion Daily CSI China Internet Index Bull 2X Shares (CWEB:NYSE). This bullish signal indicates that the stock price may rise from the close of $50.19 to the range of $61.00 - $64.00. The pattern formed over 25 days which...
Invesco Dynamic Oil & Gas Services ETF forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Invesco Dynamic Oil & Gas Services ETF (PXJ:NYSE). This bullish signal indicates that the stock price may rise from the close of $4.85 to the range of $6.00 - $6.30. The pattern formed over 16 days which is roughly the...
The Nikkei, also known as the Nikkei Stock Average , is a stock market index for the Tokyo Stock Exchange in Japan. It is often used as a benchmark for the performance of the Japanese stock market. Traders use the Nikkei to track the overall direction of the Japanese stock market and to gain insights into the performance of specific sectors and companies. They...
The fund seeks to achieve its investment objective by investing substantially all of its assets in the Freight Futures currently constituting the Benchmark Portfolio. The Benchmark Portfolio includes a combination of Capesize, Panamax and Supramax Freight Futures.
Teucrium Wheat Fund forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Teucrium Wheat Fund (WEAT:NYSE). This bullish signal indicates that the stock price may rise from the close of $7.03 to the range of $8.30 - $8.60. The pattern formed over 28 days which is roughly the period of time in which the target...
Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury forms bullish "Pennant" chart pattern "Pennant (Bullish)" chart pattern formed on Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury (TMF:NYSE). This bullish signal indicates that the stock price may rise from the close of $9.02 to the...
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily FTSE China Bull 3x Shares (YINN:NYSE). This bullish signal indicates that the stock price may rise from the close of $45.07 to the range of $59.00 - $62.00. The pattern formed over 28 days which is roughly the period of time in which the target price range may be achieved, according to standard...
"Pennant (Bullish)" chart pattern formed on iShares 20 Year Treasury (TLT:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $106.40 to the range of $115.00 - $117.00. The pattern formed over 8 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical...
I think SPY is nicely following the path to reach $348 by mid-2023 to form a Double Bottom pattern: My choice for puts is as follows: 2023-4-21 expiration date $375 strike price $2.79 premium. I plan to exit fast, won`t hold until expiration. Looking forward to read your opinion about it.
Direxion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart. The Price has found temporary support above $8.21. Support Price Targets are: $8.21, $8.16, $7.72, $6.11. Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97. UNG etf does not always correlate & follow technical analysis charts. Be aware of global fundamental news...
After the last price target was reached: My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this: 1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1. - The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation . 2. While inflation...
The 2023 SPY S&P 500 ETF Price Prediction starting to play out: I expect a Double Bottom by mid 2023 and a rally to $436 by the end of the year. Looking forward to read your opinion about it.
I have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price: 2023-3-17 expiration date $386 strike price ($2.53 premium now) I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX...
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come...
On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting. On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better...
ETF PORTFOLIO, TIME TO REBALANCE? After accumulating heavily between May and July, the time to rebalance the ETF portfolio is approaching. It has been a planting year, the partial harvest could come very soon. Despite the difficulties, everything is proceeding as it should, especially on the MSCI World, which has held up very well a complicated year like 2022. ...
we are breaking out in spx daily, but are we at swing low in vix? contango is uvxy is matching what it nears as we head for high $4 range where it normally reverse splits 1:10. conveniently that puts us in the expected date range of early february. this VWAP strategy says we may be in for another long entry UVXY as we top out in es1! potentially around ftz 8, and...