I believe this chart is self explanatory. I'm suggesting that it would be a good time to scoop up some TZA Shares. Please comment and let me know what your thoughts are. This is not investment advice.
Well, got stopped out yesterday, but reloaded heavy shorts again. Looking like we just finished ABC retrace. Lots of things going on here, but mainly looking at Green TL which is the major bull TL from 2009 lows that also supported lows in 2012, 2016, and 2018. A weekly close below that is very negative as it will also be a weekly close below 200 week MA. If...
SPX failed to break the downtrend and was also rejected by the 20day and 9 day. I expect us to head to the lower BB again. Weekly candles also suggesting a trip to the 2370-80 area to pierce that BB. I went heavy short the market with SPXS shares and calls, TZA shares, and SPY puts. Stop if we move above 20day or TL. With oil meeting kick the can going on as...
Price stopped (1) right at Pivot S1 and (2) just above Fib 0.876. RSI is also aligned with previous bottom. If a multi-day uptrend happens from here, the 3x ETF will gain more than 3x by the end of the trend due to positive compounding. If choppy volatility instead continues in both directions, then holding IWM would have been the better bet. Survey: Which would...
This is triple leveraged inverse Russell 2000 ETF. It is flawed due to negative compounding in downtrends.
IWM has been the spy's faithful partner up chart since 2009. This run is different. I think we may be destined for failure.. until iwm can muster the strength to breaks its trend. Suppose there's 2 possibilities here. either spy's gonna retreat, or iwm needs to make up some ground.. has a large distance to make a new high. Given circumstances i think retreat...
Consolidation has been established with a range of 1548.12 - 1586.77 For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals. Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top. Coupled with the pivot high - I...
As many of you know, Woody Dorsey (my partner) has been advising some of the largest financial institutions in the world for over 40 years. I had a conversation with him today and he said he is seeing a very similar pattern that took place during the 1987 crash, which he predicted 3 weeks in advance. That call pretty much set in a class of his own on wall street...
While the large-cap stock indexes like the $SPY $SPX $QQQ $DIA have been running higher, they are now at resistance and should stall out or at least slowdown. Small-cap stocks have been building a base for a mega rally that could make the large-cap run look like chump change! See more analysis on the small cap sector: www.thetechnicaltraders.com
These morning gap trades happen nearly every week providing a steady stream of winning trades.
Lots of intraday pivot lows that will trigger strong sell-off today if price starts to breakdown.
Small Cap Stocks lead broad market - This is bearish Chart does the talking
Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes. The IWM setup indicates we may only see a 5~7%...
Just admit that gold is at resistance and bearish! The chart speaks for its self. The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we...
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....