NYSE:DIS I have taken a long position here as DIS seems to be holding the 50 DMA (red). My stop is nearby, just below the low on April 16th. This is a very early entry as it is below the 8 and 21 EMA but just reclaimed the 5 DMA (white).
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading...
Trading Plan for Thursday, April 18th, 2024
Market Sentiment: Mixed, with traders weighing the implications of inflation, economic signals, and potential shifts in Federal Reserve policy.
Key Supports
Immediate Supports: 5066, 5060, 5054
Major Supports: 5045-47 (major), 5038, 5000-5005 (major), 4990, 4966, 4932-36 (major)
Key Resistances
Near-term...
Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target:
At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100...
Pair : SPX500 Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame
This is what the range looks like to me. Have fun out there if you're still alive trading.
Somehow the market keeps traders in the middle.
We press on to new highs 4500 first target and 5175 is the second.
This Analysis is not space/time oriented only valuation
The S&P is a float-weighted index, meaning the market capitalizations of the companies in the...
Trading Plan for Wednesday, April 17th, 2024
Market Sentiment: Uncertain, as investors digest comments from Federal Reserve Chair Jerome Powell and assess their implications on the timing of potential rate cuts.
Key Supports
Immediate Supports: 5091, 5082 (major), 5076, 5068 (major)
Major Supports: 5046-51 (major), 5038 (major), 4996-5000 (major)
Key...
For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor...
A dark cloud hangs over the seemingly sunny skies of the stock market. The culprit? A valuation metric known as the CAPE ratio, which is currently hovering near its third-highest level in history. This has some investors spooked, whispering fears of a potential market plunge. But is this cause for panic, or simply a cautionary sign?
The CAPE ratio, or cyclically...
S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
Stocks to gold ratio had dropped weeks before the spx in dollars had turned.
Was the gold buying a signal that safe haven collateral was in demand?
In a panic, both stocks and gold can be sold as investors need more and more liquidity in falling markets. So gold is not necessarily an inverse asset to stock, keep this in mind.
In most major sell offs, gold...
NYSE:DELL I was in this 2 weeks ago and made good $$$. I closed it out on April 8th on the second big red bar. This morning as it opened over the 21 EMA, I put ½ size position on with a stop below Fridays low of $117.61.
If the market holds up and moves higher, I expect it to test the previous highs. I am also aware that it could have been a double top, and this...
The S&P futures is quite weak after strong USD retail sales data. This move opposes a rational reaction to data that came out better than forecasted by a good margin. The market is pulling back and continuing the bearish momentum from the previous week. This may have to do with the conflict between Israel and Iran, this retracement back down. Oil is pushing up and...
