Trend is down, support down @ 70, stop @ 79.60, good to have some short positions going just in case. Retracement towards $76.09 would be a good level to add or enter if you rather enter on retrace, cover 50-75% when target is hit and trail stop to entry, then cover the rest at $70 ish. Best of luck! Cheers, Ivan Labrie.
I think we have a low risk trade here, buying bonds until March 17th or so. Weekly trend is up, until said date, and could after that form a new consolidation and new continuation pattern over time if my view here is correct. Definitely a good idea to have some exposure to bonds, I personally opted for buying OTM calls to ride this signal, but you could use...
Both daily and weekly time-frames show a nice bullish trend in the stock, upside seems astronomical vs risk here (stop @ $5.60). Totally worth a shot if it has legs... Best of luck! Cheers, Ivan Labrie.
This one has potential to be an extremely powerful move if we don't get some unexpected bearish shock after FOMC this week. Certainly worth a shot considering the weekly and daily trends are up here, and stop is rather tight just under $197.86 when upside is potentially up to $300 over time. Best of luck! Cheers, Ivan Labrie.
With the amount of signals I am seeing (about 20 long ideas here), many being growth names, it is clear the market is pricing in a more dovish Fed, inflation cooling down and a soft-ish landing...I wonder if this will become a trap as all these setups fail simultaneously after FOMC? For now, it is what it is and charts call for long exposure. $AFRM has a nice...
$TLT has reached the end of a huge weekly and monthly down trend, and made me think it could be a long lasting bottom for fixed income here. Question is: Does this low hold after the next FOMC or not? The daily chart shows a setup where a daily uptrend is set to expire by tomorrow, which could mean the current advance is over, or, perhaps, it needs some time...
This could be a substantial bottom in $VNQ here, worth monitoring at the very least. I have no position here, but tracking thee main ETFs and top 30 market cap stocks at all times, as well as my own watchlist for my long term account, and my screening tool output. Sentiment has been quite bad, and we had a rapid worsening of financial conditions for home buyers,...
The quarterly timeframe chart had a trend signal that formed when the market broke out of the range that formed before and after the pandemic shock and subsequent lock public health, fiscal and monetary policies impacted equities. The stimulus driven bonanza ended and the market topped as the world knew the Fed would embark in quantitative tightening to normalize...
I think $AAPL offers a great long term short opportunity here, I specially like the idea of being long $BRK.B and short $AAPL to nullify the exposure Berkshire contains as well...Valuation could come down substantially with the on-shoring theme materializing over time as China manufacturing fueled margins would suffer. We have seen demand slumping lately, with...
$FENC has a nice short signal, the stock had a spectacular rally since it bottomed in early 2022, but could be reaching the end of the road here after drastically outperforming the market until now. Their drug received FDA approval in Sep 2022, commercial availability in the US in Oct 2022, but despite this, the latest report showed an increase in net loss YoY...
$WBA has a nice setup here, the blue and red lines are entry and stop respectively, target is shown by the box's upper edge, and time projection for the move by the time duration of the box. Best of luck! Cheers, Ivan Labrie.
$MKC has a very nice setup to go long here, one of the solid long term names to buy when they look ugly as per @timwest . I'm buying shares for my daughter here, looks like it's a solid setup overall. Best of luck! Cheers, Ivan Labrie.
I'm not particularly fond of $F's CEO as of late, but he is the one doing a less worse job when it comes from transitioning from ICE to EV among legacy firms, so I give Jim that. Setup here is good and there is a gigantic YEARLY scale uptrend signal in the stock, so as long as it holds over yearly support, it could catapult the stock WAY up over time. Setup here...
$BROS is a small growth company we have been following at the Key Hidden Levels chatroom for a while. The trade here has well defined risk and potential reward as well as decent odds (around 65% odds of working). We have some event risk with FOMC between the 31st and 1st of February next week, so be mindful of that, might pay off to hedge with futures before it if...
$NFLX has flashed a series of weekly uptrends, and in the prior two occurrences, it reached the target really quick, within the first 1-3 bars. With earnings due it could be about to surge higher fast, but of course there's a risk with going long ahead of earnings, I generally don't take trades ahead of earnings unless I'm up YTD. Keep an eye out for continuation...
Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here. Best of luck! Cheers, Ivan Labrie.
Interesting signal, seems almost too good to be true, the projection we get, but it's worth a shot with low risk at the stop. Best of luck! Cheers, Ivan Labrie.
Nice trade setup, short term reversal of existing down trend in the daily gives a low risk entry on the long side. Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration. Best of...