Short EURUSD as it breaks pivot. Fundamental news expected data - US Inflation data. Market is expected to be volatile , good for trading with cautious SL. All Bulls and Bears point mentioned.
The Market's longer term uptrend still intact. Breadth is deteriorating again. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are...
Buy GBPUSD with strict SL. Trend lines and FIB support and strength against DXY and high RSI are all supportive of bullish Heiken Ashi to continue.
Yesterday the price of NASDAQ:TSLA made a breakout from a downtrend line with good buying volume. It has pretty good relative strength against the market and the ADX is the 20s, stating that its not on trend yet. So, this could be the start of another bull run. NASDAQ:TSLA has a IBD relative strength rating of 80 and is Rank #1 in its industry. Still, it...
Following our earlier post from last week on the 29th featuring a chart of the Oil/Gold ratio, we can see that we are back inside that trading range. Watch this 19-min video for more clues on how to trade the changes that could affect markets in the coming weeks in terms of volatility and trend direction.
Solar sector has shown some nice relative strength compared to the broader markets over the past few weeks- NOVA, Inverse Head and Shoulders formed (Orange Dotted line- Neckline), EMA's all starting to curl upwards, buyer volume picking back up again, MACD cross to close on Friday. Definitely bullish and will be looking for a breakout from here.
See Previous Charts- - Buyer volume picking back up, has had nice relative strength compared to others in the sector - MACD cross Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well,...
The Market may have some more room to the downside with the longer term uptrend still intact, I look at some intermarket analysis to evaluate the situation. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to...
Watching HD closely here- Strong relative strength yesterday, looking for a breakout at the end of this triangle - MACD cross - EMA's starting to curl (not pictured) - Symmetrical Triangle forming with buyer volume stepping in - Bollinger Bands are Squeezing PT1- 321.50$ PT2- 323.48$ PT3- 325.00$
Arista Networks NYSE:ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments. According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to AMEX:IYZ , an ETF concentrated in telecommunications and NYSE:ANET is leading the...
NASDAQ:CRWD looking good. Formming a volatility contraction pattern (VCP), price above 20d, 50d and 200d MA , better than expected earnings for the last 3 quarters and the sector is having a good relative strength against the market. So, now I'll be waiting for the breakout above $227 to entry. Another thing worth mentioning is that its price earnings ratio...
The Innovators ETF AMEX:FFTY is being underperforming the TVC:SPX since February. This ETF is concentrated in growth stocks; so is a good barometer for that sector of the market. I see a volatility contraction pattern (VCP) with lowering volume, classic pattern before a crazy breakout. This breakout could be upward or downward, the thing is to be reactive....
The chart is really looking good. Confirmed uptrend with a VCP formation while above its moving averages accompanied with decreasing volume. Also, it has a very good IBD Relative Strenght rating, 92 points. For me is a good stock to buy but I'm being very carefull, there has been a bunch of failed breakouts lately so wait for confirmation. I'll wait for the...
Mid-term idea. Nice bounce back to the demand zone 210-220. Let's see how the price will act on these levels.
Regardless unstable market situation, last couple days renewable energy showing signs of potential growth. Remember these stocks are still in down trend. Keep your risks low.
The honeymoon period of Small Cap sector might be coming to an end now at the PRZ of a Bullish Harmonic AB=CD and Ichimoku Kumo support, 1.60 approx could see a halt in the outperformance of Small Caps over Large Caps that have been on a sideways to downward correction since FEB 2021. However, if it manages to breach further below then the Small Cap party of upper...
NYSE:TSN looks great, is clearly in an uptrend breaking out of a second base after beating EPS estimates last week. The thing is that I don't see volume action, or a good follow-through. Still, I keep my eye on this one. Industrials have been leading the market for the last weeks and NYSE:TSN is one of the leaders of the Food Production Industry, is rank 3th by...
NSE:NMDC has already broken out of its relative strength charts vs Nifty 50 and vs Nifty 500. The volumes in its own chart are at an almost all-time high, signalling huge institutional interest. The only thing that can temporarily stop this stock is this trendline in the Relative Strength chart vs CNX Commodity. We are already all-in on this, and watching closely.