S&P 500 ( SP:SPX ) testing the 50 day exponential moving average, let's see if this is yet another buy on the dip, prolonging the bullishness, or the beginning of a rollover. NASDAQ:QQQ and AMEX:IWM have already taken deeper hits and may be a warning sign of what's to come for the broader market, but AMEX:DIA seems to be holding up. Overall this is to be...
There's no shortage of ETFs that focus on international, high dividend paying stocks, but one that I use in my Vanguard account is VYMI. Additionally, the technical setup looks to be providing a great risk-reward entry point. The fund facts? It holds about 532 stocks, most of which are in Europe and Asia, but it has stocks from pretty much every country on the...
AT40 = 31.0% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 28.1%) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary So much for a small bounce before continuing a decline toward oversold conditions! The jobs report for September...
Looks like VXX met resistance then broke up, a daily higher high on monday would be very bullish for VXX $SPY $QQQ $IWM
IWM is in a really nice uptrend, and it can go further. - RSI Divergence (bullish) - Rejects 200 MA - Oversold RSI - Tests support & resistance area - In a uptrend Enter whenever you want. I will wait for the next candle to form (indecision) and then i can go long. THIS IS NOT FINANCIAL ADVICE, TRADE AT YOUR OWN RISK! Happy trading everyone!
It seems like today the bottom of the channel got tested to finish the day above. Tested also 200 DEMA and rebound, so this can be a possible pivot point for IWM. Well see next week.
IMKTA is a failry unheard of grocery chain, as it is most prevalent in my neck of the woods in Tennessee (specifically East TN). But their small size shouldn't deter you, as they are delivering great results. The most recent report featured a beat and a raise on guidance. Based on FY2018 estimates, it's trading at 11.5x (vs 5yr average of 15.8x). The P/S ratio is...
Adding some nondirectional broad market in the November cycle on this uptick in volatility (IWM 30-day currently at 18.998%). QQQ has the higher background implied (20.778%), but I've already got some QQQ on. Metrics: Max Profit: 1.38 at the mid price. Max Loss/Buying Power Effect: 2.62/contract Break Evens: 155.62/170.69 Theta: 1.92 Delta: -7.34 Notes: It may...
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and critical tests of support abound. AT40 (T2108),...
Shares of AAPL have been ripping along nicely lately, but it's approaching the top of a well defined channel so a pullback to the bottom of the channel seems likely. That support, which practically aligns perfectly with the 50dsma, is in the $185 range (and rising), and assuming it holds, I expect it to extend on up the channel to new highs. Happy trading!
Shares of ODP have performed well in the past several months, as turnaround efforts seem to be achieving favorable outcomes. Even better, they are paying a 3.34% dividend while you wait, and the payout ratio of 52.6% seems manageable to maintain, and barring a plummeting of sales, seems safe to me. They're also cheap at 8x 2018 estimated earnings per...
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary Looks like I had good reason to give a tepid endorsement to the upside potential for the stock market off the over-stretched conditions on display in AT40...
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). AT40...
Alternative energy was a major industry during the Obama years, as his admin's attack on oil sent these alt plays soaring. There's several different types, from pure electric vehicles running on batteries (powered by energy produced burning fossil fuels, no less) to natural gas engines, nuclear and wind options, and in this case, hydrogen fuel cells. It's...
Shares of ARTX look interesting as a speculative play for longer-term investors. The company is in the fields of drones and virtual reality, with recent contract wins with the US military. At 3 dollars and change, it's a cheap way to play on the long-term growth in those areas, which are bound to see strong growth for some time. Immediate support lies at...
Shares of GILD have recently broken out above resistance around $74 and have since successfully tested and held it as support (dashed green line) on two different occasions. They look destined to at least test the falling trend line (red line), and I think there's a good chance we break through that resistance to establish a new trend higher. I'm a buyer via...
Shares of FB are back to bottom of their well-defined upward channel, which has held for years now (Red line is bottom of channel, green line is top). I've been dabbling on the way down but am now being more aggressive. Long shares and December calls.
My custom built "Buy the dip" indicator printed another buy signal after today's pin candle on key support. Time to go LONG.