Based on my analysis, if the ES closes above 2790 this week or next, actually if it breaks that heavy magenta arc on my chart, we could see a massive upside price rally unfold very quickly. These price arcs are what I call "Tesla Vibrational Theory" studies. The idea for this is that every price move, large or small, equates into pure energy (energy of price). ...
After our last predicted move down, the S&P 500 has been bearish for the past 2-3 weeks, and has fallen all the way to the target trendline. While there is a high chance that this might lead to a bear market, there is an even higher chance of a small rebound first. The key will be where the rebound ends. If the rebound falters before testing the prior highs,...
The selloff has been fairly steep in this index as we now trading below the descending channel. We are very oversold here, so let's look for a re-entry back into the channel and see if we can hit channel resistance before we get another consolidating sell-off. Here's the weekly snapshot: We can see we are close to the EMA200 and will probably need to retest...
As noted in the chart provided, the downtrend persist but that can change sooner than later. The chart shows that November 1st will be a key day, for the reason I will explain below. The weekly DJI chart shows a bear market trend with oversold Relative Strength Index (RSI) and near to support levels. Also, as noted in the chart weak hands have not been washed...
The Dow Jones Industrial Average (US30USD) has officially posted a 10% drop from its high on the 03.10.18 at 26950. It is now classified as an official correction as illustrated by a 10% drop. The relentless sell off in US equities shows that there is still severe trepidation in markets. Furthermore, the similar aggressive sell-off in all other global equities...
US equities have had a largely aggressive bull run to date. However, current economic conditions and future expectations are seriously rattling investor confidence. As the Fed Chair stated last week, it is very rare for markets to decrease in strong economic growth conditions. However, we have had three major corrections this year alone and the bulls are starting...
The current ES price rotation indicates further downside price risk is evident in the markets. Pay attention if you are long any of the majors or tech firms. This could be the start of a 5~8% price decline. Visit my web site to learn how I can help you stay ahead of these market moves.
This QQQ chart shows that we are still well within the price channel trend that formed years ago. Until we break this channel, the trend is bullish. Trading this short term rotation is great for short term swing traders, but remember where price momentum is and where it appears to want to go - which is HIGHER. Play it smart or get left behind.
=> Increased sector regulation via Cambridge Analytica etc is going to be bad news for TWTR and we believe the recent squeeze in shorts has run its course. => Despite front-end rates ticking to the upside this year, differentials will not be enough to protect global Equity pressure will encourage investors to sell, especially in the U.S. => A likely correction...
=> Here actively looking for positions in S&P around the 2730 handle. Expecting equities enjoying the recent short lived relief rally on Thursday's U.S CPI miss to finish after the NY opening range today. => A weekly close below 2730 will be needed for bears to retain the upper hand as this may see bearish sentiment resume early Monday. => Things are starting...
One of my favourite tickers right now, Next to $riot $veri $ostk
This quarterly trend line projected from the Q4 '08 and Q3 '10 key lows is what has held up this long-term rally and is extremely significant because of that. There's been some talk lately in the trading community about the reliability of trend-lines and whether or not they're useful, judging by this chart I'd say if drawn correctly they're pretty damn...
US equities are starting to look well and truly overcooked, if we don't see a rate hike today (very unlikely) then July will come. Eyes on the rhetoric around the balance sheet today will be the key to pandoras box, in my books we are set for a mid term change of trend in US equities ... expecting a clean sweep for the 2417 handle with a tick below unlocking the...
I wrote an extensive piece on NSPR in which I go into depth on the company and the potential turnaround story, you can find it here: rockvuecapital.wordpress.com Trading at a 77% discount to book value, an 81% discount to sales, an 81% discount to NCAV, and a 43% discount to net cash, NSPR is roadkill in the market. However, no matter how great the value may...
There are further signs of bullish trend development in the VIX. Prices are now trading above congestion around 15.00 as momentum studies post positive divergence and continue to strengthen. The proprietary Tension Indicator (not shown) is also improving. In the coming months, expectations are for higher levels to attract, with focus turning to congestion around...
The VIX remains under pressure, within the November bear trend, with the close below the July 2014 trendline putting pressure on the 10.28 year low of July 2014. Falling studies anticipate extension to psychological support at 10.00, with potential for further losses to the 9.70 year low of February 2007. Still lower is the 9.39 year low of December 2006, but...
Materials and Finance both started the week flat, moved up for a couple days, then remained steady on Friday while the US and World markets were down. If the US and World indexes are up next week I expect much from these two! Real Estate and Consumer Staples (Non-Cyclical) were the clear Sector losers taking back all the gains they made early in the week to...
US Equities remain at elevated levels, with focus on the 2300 psychological barrier and (150%) projection of the 2015-2016 fall. Extension towards the 2332, (161.8%) retracement cannot be ruled out as the Tension Indicator, not shown, continues to strengthen, but overbought stochastics and weakening background readings are expected to make gains progressively...