The S&P500 broke out this week to new all time highs. Finally playing catchup the nasdaq indices. Semi-conductors continue to be the bright spot in the market. 10 year yield confims breakout. many S&P sectors closed negative on the week despite the marekt making ATH's
I have down ended 5 waves down .We should now see a rally back to 198/199.6 for wave 2 . This should also see the sp 500 print of 4821 min and the dji into 38200/38400 SUPER CYCLE TOP
iShares Russell 200 - AMEX:IWM I'd be waiting for an opening ▫️ Break above overhead resistance ▫️ Bounce off the base support ▫️ Min 200 week MA bounce (tight stop). A wait and see from me 🚨Declining On Balance Volume (OBV) not ideal. ✅Upward sloping 200 week is a positive
IWM is looking to break the downtrend from the recent pullback. Looking for a retrace to 199 - 201 range.
Small Cap Stocks AMEX:SPSM AMEX:IWM are ready to make some big moves. Take a look at this chart AMEX:XLG Mega Cap and the AMEX:SPY The S&P 500 have both broke near term resistance an imply a move upwards. AMEX:SPMD Mid Cap and AMEX:SPSM AMEX:IWM Small Cap stocks should follow. Lead Lag.
I have been keeping an eye on NASDAQ:AAOI and wanted to get in a couple of weeks ago but did not want to chase it. It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position. The proper or traditional entry is yet to come as it breaks above...
@mchuac88 vol of vol and Vixfix trending upwards. Highly bearish, but be aware of position at the risk range
NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details. Wolfe Research Upgrades General Motors to Outperform From Perform Jan 4, 202408:27 EST General Motors Company GM has an average rating of outperform and price targets ranging from $27 to $95,...
Looks like the TVC:DJI is in a short term downtrend. NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago. TVC:VIX is at higher end of the recent pattern and it keeps poking it. *(TOOK THIS FROM ANOTHER POST Remember, the more something is poked the weaker it becomes Picture paper holding a marble Poke with a...
Markets reversed lower after briefly going green. All indices down on the back of yields rising. Relentless selling in Apple.
Dollar Surging Reversal! Small caps Obliterated Oil Bullish Reversal.
AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel. Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the...
IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120...
NYSE:ONON this high-end athletic shoe and clothing maker may be one for your watchlist. See the chart notations for technical details. I like this formation as it works more than 50% of the time. I like how it is above the IPO AVWAP. It has just tested the 50 DMA and may bounce here. The best entry would be over the upper short term downtrend line in the handle...
Flip on financial TV and you will likely hear a plethora of sellside strategists and buyside portfolio managers voice optimism about small-cap US stocks. Consider that the iShares Russell 2000 ETF (IWM) was easily in negative territory on the year back in October. Fast forward just two months and the small-cap ETF is up close to 20% total return in 2023. The quick...
Small caps have surged to fresh highs dating back to the first quarter of 2022. The Russell 2000 ETF (IWM) has suddenly become a darling among sellside strategists and even buyside macro portfolio managers. Recall it was just two months ago when the group traded around 12 times next year’s earnings estimates. Jump ahead to today, and a 25% rally since October 27...
NASDAQ:CELH Has recently had 2 events: Earnings, which beat expectations and had an initial upward push on price then failed. Then it had a 3/1 stock split. One must wonder why the split as the market did not seem to like it. The pullback, which is a little steep, may be finding support at both the most recent lows and a rising 40 Week MA (white). Of course, I...
I have been in and out of NASDAQ:MBLY several times in the last few months. I posted an idea a few weeks ago (link below). I am back in this one this morning as it breaks above the most recent high. It looks to me that it is getting ready to run. All TBD. My stop is below today’s low. If it does not work, I will be out for a small loss. I will look to add on...