Firstly, on bitcoin note the bullish Cup & Handle pattern that sure has been in formation for a long time.
On the 1HR & 4HR charts price is getting support on the 200 EMA & 50 EMA respectively. Ideally on the 1HR chart we want the 200 EMA to form underneath the 50 EMA.
Digressing a bit, my feeling is that next week precious metals like Gold will not perform...
The Russel 2000 closed below the daily 200 MA today.
It's never a good sign for the breadth in the market when the Russel starts breaking down.
I think there's a strong likelhood we continue to breakdown, based off todays IWM price action.
Small caps got rejected today at the pre market high and just kept selling all day. What makes thing price action bad is...
The small caps are getting to levels when they show value based on earning yields nad based on relative strenghts.
These are the levels we saw before when the Russell 1000 started outperform the Russell 2000. Hence this is showing a potential broadening of the rally and give confidence to traders to not stick to the Mega Caps (FAANGS).
Rather, this is showing...
price asleep but there is heavy trading and volume rising
maybe there is something big coming
aside from the consistent updates and games launched
is there a listing that we should expect ???
Sector Rotation from Small Cap Growth to Value -
IWO: the Ishares small-cap Value ETF
IWN: The Ishares small-cap Growth ETF.
This chart plots the strength of Value vs Growth - if its trending Higher Value is in favor by the markets. If it's trending lower, Growth is in favor.
$FUBO looks like its starting to bottom out at the $20 psychological level. Grabbed a $20 call with time.
Not a bad place to grab some shares either if your bullish IMO
- Strong bullish hammer candle on daily indicating buyers are present at this weekly support.
-Fubo got smacked from $35 before earnings to $20, great risk to reward play.
Swing targets: 21.3,...
small caps seem ready to boost higher after this pullback. If it maintains the support it just did this would be past resistance acting as support and we'd be en route upwards to 270 for IWM.
Lightwave Logic, Inc. is a revolutionary company that has commercialized electro-optic photonic devices made on its P2IC technology platform. Despite dollar strength potentially weighing on small caps we believe this may still have some energy left ⚡️
XBI (Nasdaq biotech ETF) losing more key levels today and with other health care names already pretty saturated to the upside, could that mean CLOV isn't done falling?
With another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond.
Q2 2021 Highlights
Revenue increased 178%, with better than anticipated results across all three luxury houses
Adjusted gross margin...
Four months range-bound, this low-volatility ETF includes 600 constituents and offers a tiny 0.10% fee for the more passive, but still risk inclined investor (these are small cap growth oriented stocks).
The pattern boundaries are clear, and volatility is relatively low vs. historical. Price action above $235 would confirm a breakout to the upside, while a move...
Relative strength against S&P picking up, strong breaks above trendlines with small caps still seemingly being supported by the market. Liking this one for a longer term hold
I have this stock in my wallet, so I'm keeping tabs on it. I am writing this article just to signal a nice drop of 33%.
This is the company: www.geegroup.com
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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