XLI has just been consolidating since early March. Pretty simple play, just keep trading when bouncing off support/resistance or sit back & wait for the breakout/breakdown.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes...
Thesis: With growth and inflation decelerating (Quad4) and our leading indicators slowing as well that means we want to be short Industrials. Within the Industrials sector the Rubber & Plastics industry was reporting contraction via ISM data. After screening for P/E and style factors like High Beta coupled with a strong long term price trend we added $MYE to our...
$x $aks US steel looks good-Potential for lower prices before it breaks above this descending pattern. I was bearish on X above 46. I didn't think it would come this far down but some special could be in the works.. It could go RIPPING higher but I would not blink if it dropped to 5 or 6 per share again. Bear chart from 2018:
After recapturing its 200 DMA in early Spring (March), the shares of SELECT ENERGY SERVICES INC - NYSE:WTTR have been trading in a narrow range working on its right-side as we can observe in the Daily chart above. While the stock has made no real progress recently and continues to trade range-bound, WTTR nevertheless remains in decent technical shape trading...
Fundamental analysis MOG.A dropped 15% in 2 days, after beating earnings, revenue, and reaffirms FY19 EPS guidance. Analyst lowered price target from $102 to $92 Technical analysis OBV did not fall below it's high since late June. RSI(10) @30.5, not wanting to go into oversold territory. *Note: If the stock market rallies tomorrow with the fed...
Episode 5/11: US (SPX) Sectors Technical Analysis Series - 17th of July 2019 Brief Explanation of the chart: Squares represent past and future structural supports . Since 2009, the bulls have used Monthly MA 50(Weekly 200) support , labelled as the purple line . The latest bullish channel leading to wave 5 can have 3 potential targets : 85$, 94.5$ and...
After breaking-out last month (May) on nearly 8X its average daily volume and in the process reclaiming its 200 DMA, shares of WESCO AIRCRAFT HOLDINGS INC - NYSE:WAIR continue to digest the recent run in and orderly manner as well as continuing in a Flag pattern as evidenced in the Daily chart above. In addition, WAIR now finds itself trading above all of...
Short based of channels and fibs My Planned Entry: 61.24 (any entry above this is fine) Stop Loss: 64.00 PT: 51.00 area Risk/Reward: 1:3
Someone lost their magic finger counting, I mean accounting measures. GE Grandfathers stock passed down. We're at $11-12 watching CCI go deeply negative for so long. Sell this one before it hits $5-6 then buy gramps lucky charm rabbit foot back. Anyone call this with a 1 yr put, anyone? NM, you're not on trading view anymore if you did. Silly question.
Find the commentary from the chart below: In general, the stock paints a bullish picture but there are also things that could indicate that it would rather trend downwards at least for some time. Bullish points -Stock is currently above the 120 moving average which has served as a support level since 2011 on weekly chart -Stock is currently In an uptrend and...
Smart Money Has exited the Industrials in a big way since the high in January. Last time the SMI was this low the DOW was at 18000, a whole 7,000 points lower... This is never a good sign, but if the market can resolve this symmetrical triangle in a bullish, that money will pour back into the market and push it to new highs. The Red areas marked are likely areas...
Tariffs, tariffs, tariffs this is the word that will and has consistently beaten down the sector. So, now you ask yourself, "how far down can the sector go?" Well as the chart shows a critical juncture is coming. A bottom trend line that has been established for years now will come into play soon and if this S&P Index falls below it...well...this downturn could...
CAT possibly in wave 4 now after completing what looks like very bullish wave 3 of 3 of 3.
Pretty much self-explanatory. Posting it to see how it evolves, because it is so fucking fun to see the bars run in hindsight. Leaning towards short, although not fully convinced yet. June 2016*
The Nasdaq-100 is about to have another day in the red. Around 3 am eastern, Nasdaq 100 e-Mini Futures began diving, erasing the minor gains made in the previous session. The futures tend to take big swings during open sessions which IMO means that cable news networks are gonna throw that index ticker up for the day. The drop also comes 5 hours before opening...
Strong relative strength in a sector that's got strong relative strength, primed for a bullish breakout to the upside. Targets $300 resistance level which is the 52-week high. Use options to play bullish breakouts to leverage your trade while limiting your risk. Example: Apr 20 270/300 Call Vertical