Summary: Markets continued to fall as actions from a more hawkish Fed loom in the near future. Two rally attempts in the Nasdaq couldn't hold on today and investors fled to defensive sectors. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- ...
Today We can say a Rectangular Top pattern has been confirmed and small-cap will experience another 10-15% decline! This is the lowest level since Jan 29th, 2021. This could happen very fast in the next 2-6 weeks! TZA (Small-cap 3x inverse ETF) volume doubled in volume in the past 3 months, and could go up to 37-42 levels! You can see the most important...
Summary: Equity markets fell for another day as Treasury bond yields hit their highest level since the pandemic began. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, January 18, 2022 Facts: -2.60%, Volume higher, Closing Range: 9%,...
Thought i'd have a look at these two scallywags Suprisingly i've reached the conclusion they have both topped out Geometry has similarities and differences as shown GRI 2022 NOT TRADING ADVICE
Summary: Markets were mixed on Friday after Q4 earnings reports from JP Morgan and Citigroup disappointed investors. However, Energy and Tech stocks closed the day higher, helping the Nasdaq recover some of yesterday's loss. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: Tech stocks sold off this week's gains in a reversal for the Nasdaq. Investors took profits as the Fed talked more about rate hikes in public comments. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, January 13, 2022 Facts:...
I noticed that the Russel seems to call tops and bottoms of Bitcoin You can see in the chart notes, the Russel: -coming up thru the midline marks a parabolic BTC move -coming down thru the midline marks a BTC bottom When we hold the midline as support, it denotes the BTC move is not over yet
Summary: A rally back into large-cap stocks drove the major indexes higher on Wednesday, while small-caps fell back. Consumer Price Index data for December was higher than forecast, but investors remained confident that the Fed would remain vigilant in controlling inflation in 2022. Notes Ideas always welcome in the comments. Errors will be amended as...
Funny, NQ was the only index to go overbought but small caps look weak AF. Garbage stocks dropping again if you're a bearish trader.
Summary: Markets dipped in the morning, but the Nasdaq rallied in the afternoon to close the day with a small gain. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, January 10, 2022 Facts: +0.05%, Volume higher, Closing Range: 97%, Body:...
Summary: Payrolls and Unemployment data sent a blurry picture to investors on the pace of economic recovery. The uncertainty ended a volatile week with more decline while investors continue evaluate pending rate hikes from the Fed later this year. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected...
The Russell 2000 continues to expend energy in a large Range which remains in a weakened condition. 2282.50 was rejected. There is little to support this as the Parking Lot is being vacated. Small to Mid Caps are not faring well in the present Environment with little reason to Position for 2022. Slowly Sinking into a LArger Sell is ahead after the next...
Summary: Stocks stabilized a bit on Thursday after selling-off the previous day due to the Fed's hawkish meeting minutes release. Small-caps outperformed and investors bought dips in select growth stocks. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
Summary: All indexes and sectors decline in late afternoon trading after the Fed released its December meetings minutes that showed a higher-than-expected concern over inflation combined with the tightening labor market. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...
The Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is...
Summary: While most of the market dipped, cyclical stocks took the lead. Energy and Financials led the day while Industrial and Materials had gains after missing out on yesterday's momentum. The rotation shouldn't be a huge surprise after the lopsided gains the previous day and the selling signals of richly (dare we say over) valued growth stocks. Notes ...
Small caps appear to be melting up, the index tends to fill gaps and there's a gap at my red line. Note that it's an index gap and not a futures gap so there's no guarantee on this one. Also, it's tagging along the overbought zone so it can tank at any time. I'd stay away from garbage stocks though if you;re going long
Summary: Happy New Year! The first day of 2022 had indexes trading higher as money and trading volume came back into the market. Stocks broadly shared gains, but not all sectors benefited from the advances. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...