NSE:HAL 2 UP on the quarter but not strong enough to close above Q3 high inside year = no clear direction messy 3M chart = neutral and a need to wait for more clues oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
NASDAQ:GOOG Magnificent 7 did great this year, GOOG included strong close, 4 green quarters in a row exhaustion risk -for what it's worth- around that 152 level will be interesting to see how this level (and similar levels for the other big 6) will play any role in what the big guys/institutes will do here let's watch and see, anything can happen, incl....
NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading current price at same level as EOY '19.... closed the 2 down quarter green, above the low of previous quarter = positive inside year = no clear direction, until market gives us new clues = neutral anything can happen
The good thing about NYSE:DIS is the outside quarter but, it couldn't close above that Q3 high, so still not that strong of a look given it took out the low of '22 and closed above it, this could mean we've seen the worst overall, if the 3 on the quarter might see some continuation upwards, I see this just as the first baby steps of what could be a nice...
NASDAQ:CMCSA that momo hammer on the quarter looks promising, but these type of candles can easily reverse and when it does, it typically drops back quickly the inside year tells me to wait for further clues first before taking trades hence, no long or short (bias) for me on this one yet obviously, when that hammer high on the quarter gets taken out and...
Financials did well in Q4 NYSE:BAC with a bright green 3 on the quarter hammer on the year, with lot of upside potential notice that other financials e.g. JPM ended the year at/above previous highs meaning BAC wasn't the strongest of them but, also could mean more upside potential let' see how it plays out in '24 no predictions, price and time will...
Inside year, see how BABA got stuck in between the high and low of 2022 going nowhere, you can hear Rob say.... bearish shooter look on this yearly red inside bar ugly sure, it might get taken back up, but let's start with a reversal quarter first and we'll go from there taking out the low of '22 seems more likely at this point let's see, no predictions
NASDAQ:AMZN another bright green candle on the year it did take out the low of previous year in Q1 by a bit so, strat wise it's a 2 down on the year, obviously bright green is it extended? maybe..... but, the good thing for those with a bullish bias, still 2 previous yearly highs to take out how strong will AMZN be in 2024? Let's see
NASDAQ:AMD what a move, bright green year, but still inside year outside quarter, inside year extended? maybe, who knows, but.... always room for a further move up, especially given the highs of '22 and '21 both, not taken out yet.... let's see how semi conductors will move from here, in the A.I. era
AAPL outside quarter and outside year exhaustion risk, with a little nuance see how it did take out the Q3 highs, but couldn't close above it (although bright green) one of the good things about zooming out to the higher timeframes, is that another (massive) move up can occur also known as a 3-2 to the upside let's see what happens, keeping an aye on it for sure
Outside week (once a 3 always a 3), follow through with a 2 up on the weekly. Pivot Machine Gun (PMG) potential up North. As long as it's green on the week, month and quarter Long it is. Beware: green, but still inside (1) on the month and quarter. Shooting for 120-130 area towards the end of the year, let's see how it plays out.
September was a losing month for many big names & QQQ. TImeFrameContinuty (TFC) back up, potential follow through with a couple of nice weekly pivots. No guarantees, but has a nice look to it. Let 'm open next week and see if aggressive buyers keep showing up amongst different participation groups (week, month and quarter).
Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North. With Monthly OPEX for May behind us, see how it moves from here. AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels. No...
Can NYSE:OXY take out both pivots on the 2 Day chart? Would be a nice inside and Up as per #TheStrat
FWB:BACT - not the strongest close on the 2D, but I'm keeping an eye on this one. Potential move back up from the bottom of the tri on the 2W (a.k.a. broadening formation). Keeping in mind BAC is still one of the weaker brothers in the XLF...let's get back to that later, still work in progress (study sector ETF's vs individual names).
Apple one of the leading names so far on the year, still going strong. Especially after it took out high of last August (see 2W chart), now could face some exhaustion risk. On track to take out previous year high, let's see how it plays out. No chasing for me, not according to plan.
* Failed 2u on quarterly; still time to go outside quarter * Failed 2u on monthly; out of time to go outside, but negative momentum * Clear rejection of bearish trendline on weekly chart. No real support until it falls to 127 (currently 143.66) * Daily chart shows bulls mounted one more challenge to the trendline but that failed even harder. “If markets try to...
Reversals happen on a lower time frame and hence the reason to day trade, atleast my preference.