have been curious about iwm / spx divergence. had considered buying iwm calls.. am going to pass. struggle continues.. will the 'trade deal' save huge american companies? Will China's new presence in global economy cause our next recession? Will our bloated, lazy multi-national corps struggle to innovate? These are the questions.. Answers likely not too...
IWM is looking vulnerable, printing a red day Friday while its peers $ES_F, $SPX, and $SPY closed strong. RSI may be stuck at the top of a downward sloping channel, and it's sitting at the top of a chop/consolidation zone. A failure to breakout here will likely result in a short-term correction. Should this happen, it's likely a hint of what's to come for the...
IWM is currently with a complex inverse head and shoulders pattern, and we are now sitting just below the neckline. It is trading above the 50/100/200 day moving averages, and it looks like a golden cross (50 MA crossing the 200 MA) may occur soon as well. Setup looks good, but it needs to break above the flat line of resistance around $158.60 to get moving. I...
Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!
similar previous pattern and RSI maintains bearish divergence $SPY $TNA $TZA
Disney announces at investor day that it will charge $6.99 per month for Disney+ and $69.99 for an annual subscription.
Target $2911 Gravity Point
Have a great day all!
Boeing has peaked for now on the news that 20% production will be cut.
MSFT is 28% off the lows, I expect more upside to come, however, the opportunity has diminished. There are better positions to chase currently.
Bit money has been moving into these stop options looking for higher prices in the next 10 days! This stock looks like a solid gamble for higher prices. Weekly chart breaking will trigger powerful 2-3 week rally.
This stock looks like a solid gamble for higher prices. Weekly chart breaking will trigger powerful 2-3 week rally.
Careful with Facebook, although bullish I believe there is more downside to come first.
"Boeing Company (The) is expected* to report earnings on 04/24/2019 before market open." Boeing has more downside, however, at a certain price there is value!
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.
This video shows a few simple and clear trade setups unfolding in the market for three very different sectors. Take a look, and if you like be sure to follow me here on TradingView!
Disney is a longer-term position with an expected target of $170. Content distribution as the driver!