NYSE:DIS I have taken a long position here as DIS seems to be holding the 50 DMA (red). My stop is nearby, just below the low on April 16th. This is a very early entry as it is below the 8 and 21 EMA but just reclaimed the 5 DMA (white). The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading...
NYSE:DELL I was in this 2 weeks ago and made good $$$. I closed it out on April 8th on the second big red bar. This morning as it opened over the 21 EMA, I put ½ size position on with a stop below Fridays low of $117.61. If the market holds up and moves higher, I expect it to test the previous highs. I am also aware that it could have been a double top, and this...
USA Stock Index video idea by @NoFomoCharts SPY, QQQ, DIA, IWM, DXY. 04/14/2024, 09:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
Weekly Watchlist video idea by @NoFomoCharts 04/14/2024, 08:30PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
In 26th dec, there was a high probability weakness in IWM based on this graph. Top of BB's and impulse has no potential, yet important resistance/break out. //rising TNX is bad for cyclicals or small caps.
NASDAQ:PANW This cybersecurity leader got beat-up on the last earnings report. It looks to me that it may have bottomed out. On this weekly chart (the week is still young) it is in the process of setting up as an inside week. It is regaining the 40 Week MA which I view as important. Additionally, the volume has been declining since the big sell-off. I take that...
NYSE:U is a bottom fishing play for me this morning. It has both broken the downtrend line and can be considered an undercut and rally as it undercut the low of March 19 and has risen above it. My stop will be just below that March 19 low of $25.13 Giving me a nice risk reward stop. The chart I am using is the All-In-One LevelUp tool available here on TV. Check...
I have been tracking NASDAQ:ENPH for awhile now and I like how it is behaving this morning. I went long 1/2 size and already up $4.50 a share. It is now consolidating on the 5 min chart. I may add more. TBD. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome....
IWM is currently in a strong accumulation area based on the volume profile delta. The indexes were a bit oversold after yesterday's CPI report and FOMC minutes, leading to a bounce in the afternoon. I am skeptical as to whether today's PPI report and fed speakers will have the same effect so I closed my puts. Here is my reasoning: VIX keeps rejecting above...
CPI comes in hotter than consensus. IWM slaughtered / QQQ under pressure / SPY closes negative. Yields & Dollar ripping. Oil ripping / Natural Gas selloff. Are we entering a new reflation trend?
Looking back, high probability positions buying RIG using macd and fib (50%). Following OSX sector, XLE. XLE/SPY.
What we know? Oil is likely bullish in 2nd Half (24'). BTC leads the small caps. TNX usually works as a head wind (and has took a pause). Rate cuts are very bullish for small caps and financials benefit in this environment? technically; the 20dma works as a driver. 50dma and 200dma just gives you context. You can add MACD to confirm things. Im speculating that...
SMCI saw a nasty down move today with the market. Semiconductors led the downside move today. It seems massive amount of capital rotated out of the market today. This low float volume stock can unwind in a sharp way if this support is breached. Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market....
Credit to Mr. Tom Lee for this one. Small caps are at a multi-decade low in value relative to the S&P. The Fed beginning to cut will be the catalyst for a huge move in the Russell over the next 12-18 months
... for a 1.82 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. There is no July contract yet, but June is still paying at <16 delta ... .
Russell 2000 index - exit from channel towards long, above average 150, depends on the drop in interest rates in the US, potential increase 11% & more. Only an idea and not a recommendation for trading!
Very interesting take on GME. You need a sustainable higher highs for an uptrend, or most of these are perfect bull traps. Way to measure is also due to public sentiment, euphoria. Potentially easy money phase.
NYSE:RTX Well Fargo upgraded RTX yesterday and give it a $120 price target. I used this morning’s early pullback to get an early start on this one. It will not be a technical breakout until it moves over 92.81. My plan is to build an oversized position after it breaks out of this flat base. I will be patient but have a stop of no more than 3% loss. On another...