Is this bear market for real or is it a tax strategy?
$SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even...
Looks like the S&P 500 is completing the 5th wave. The bull market couldn't last forever and I feel as if the bears will come down hard in a self-fulfilling prophecy. Proshares Ultra Short is looking mighty attractive right now.
I expect to reach strong S/R 550 very soon. Then could come selling correction. Be prepared!
As we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the...
I built a bull spread ZSQ19-ZSU19. A possible Entry point could be around 0,0. SL -5,0 ($250/contract) and PT 10,0 ($500/contract).
Soybeans market created a strong S/R zone around 900. If the price will go up over 900 then I see a good potential for reaching 1000 or more.
S&P 500 S&P 500 is a similar song with a different verse as the DOW JONES. The gap on the S&P 500 is a strong sign for bullishness and strength. Oscillators have a lot of room; ADX and Bollinger band are showing signs of strength.
I use historical analysis, not to base my decisions, but to see the options laid out on the table. The market is the magician; if you watch the trick unfold before your eyes - before you know it - you missed the slight of hand. FYI, I believe crypto will play a huge roll in our daily lives and I am long term bullish. I make calls with big play(er)s. There is no...
Stock Market Analysis There was a pretty big selling on Wednesday 24th October 2018 on the DOW JONES, The DOW was down 600 points and as discussed previously see post from 22nd October 2018, we predicted a sell off previously on Monday morning. We can see the selling on Wednesday with the long lower shadows below, the day looked pretty normal then suddenly the...
The stock is consistently bullish but recent volatility shows substantial buying pressure. Good opportunity to buy. Earning in January. Good option trade for calls.
Another trade idea active on DG Entry at $107.20 Target at $112.35 and 2nd target at $127.12 Stop at 102.77 DG bullish run on for months. Tis pullback set it up for a good buy opportunity, get it at a discounted rate. Earnings in December so little time for the run. it has the potential to achieve 6.52R at a target 3 of $136.15 be aware of the resistance at...
Crocs has been a nicely trending, bullish stock for many months. Having just completed a nice fibonacci retracement with Stochastic crossing up through 20, this is an interesting candidate for some continued upside potential. Beware of earnings approaching November 7th. Option value should increase going into that volatile event.
Crocs has been a nicely trending, bullish stock for many months. Having just completed a nice fibonacci retracement with Stochastic crossing up through 20, this is an interesting pick for some continued upside potential. Beware of earnings approaching November 7th. Option value should increase going into that volatile event.
Good day trader, here we are ready to kick start another trading week. The retail sales data got released before markets opened in the US and seems softer because of the small negative; the market may interpret this positively given it mad slow some fed action. Couple of nasty days last week and finished with a consolidated pattern, the Asian stocks put in a new...
It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down. Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I...