Stocks closed pretty strong for the year, and the yearly open filled a gap very quickly. At the moment, I see very little evidence that the year will start with a massive dump, especially after 2022 was so brutal for stocks, bonds, and crypto. It looks more likely that things will first go up and then potentially go down. The market resuming its bounce makes more...
=the pops will take out the bears and lead on the bulls. admit when your wrong and don't get set on anything in stone we will change rapidly guaranteed and then change rapidly again dont be the person always on one side
In upwards parallel channel. Right now hitting resistance at 112 levels, might see some pull back for next few days testing 106 levels and 99.5 levels. But upward trends is intact, 126 , 168 levels by Feb 20202.
semiconductors, tech, and the market could make a technical bull case for itself. im not ruling out the shot at a big comeback in 2023. if we turn a sellsided equillibrium to a breakout this is what a weekly reverse head and sgoulders could look like.
This may be in the works for NIFTY ETF .. was put to my attention by a friend. 20k may be imminent . that 17k retest (1.618) was beautiful if taken as support previously.
im into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then...
Everything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment. CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out. PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out. This is not financial advice, just for fun!
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while $tick goes negative. vix has been coiled for this move for a long time, and it...
im not aurprised to see a bullish daily move from a defensive sectir in a bear market ending bull rebound. i think utilities are particularly good at catching this movement. this is a good etf to do that with.
arent we all glad we reinvested early in semiconductors? i sure am. the short semiconductor etf is going completely insane. expect that to continue. if you look at the 5 minute you can see we are poised for breakout. we will probably go outside upper envelope, swing back to value area low before moving higher. i dont see anything thats going to stop the total...
so instead ill just say that my favorite inverse index fund is in full breakout mode! nothing is stopping this from running away with everyones presents, so if you have a gift i would share it now. that being said we are at the top of nadaraya watson envelope, and the nasdaq is in extreme oversold territory, so im expecting a bounce followed by continued melt down...
BITO 15.40 and 13.20 When rising to the selling resistance line position, there is a possibility of further collapse due to the absence of the lower support line
no really, this thing is set to roar. big rigs, big pigs, young hogs and motor fog. letterr rrrrrrip! were down near the bottom of the envelope, were way oversold, and the sectir is acting defensively in rotation with a bear market. id like to revisit the top of this rectangle and then dump again 🤷
The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business in the United States and in derivatives that have...
this bounce in tech is kicking off the morning, but its not rocketing to new highs, and in this macro environment im not changing from bear bias totale. i will consider 4hr longs taking profit into pivot or upper smart money concepts profile area resistance. remember to reenter short on bear momo.
broader market etf favorite SPY should lead the market lower soon. credit flow in favor of selling equities. largest cap AAPL should accep melt down youtu.be this is a really good video on the topin from yesterday afternoon tue. 20th dec. 2022
im in favor of smashind long term bond yield curve, and inverting the front years more for obvious reasons, namely boj inflation/interest rate planning for example. the bottom is obviously not here for TLT, but i would look towards these boxes in this order.
and rally in discretionary over staples is going to be met with selling. this is the santa rally that never came.