It was a back and forth week with Technology (XLK), Utilities (XLU) and Energy (XLE) all fighting for the top spot. Even Industrials (XLI) made a late effort to end the week at the top. In the end, the safe haven of Utilities (XLU) won the week as investors fled more volatile stocks for something that everyone needs going into the winter. Heat! Communication...
Not that I am bullish on XLK but indeed I am quite bearish at this point. However the 65 minute chart does show a RSI trend break and MFI showing breaking up the 0 line which mean trend bullish, even though these two signals need confirmation. Cautious with positioning with these signals is what I want to convey. Disclaimer, this is only for entertainment...
XLK breaking trend line on 60 minutes and lower time frame. 2 hour still holding up OK. Qs are holding up still. CLosely watch the unfolding. Bearsih divergence + broken trend line is NOT a good combo for XLK at this moment. May reverse and continue higher but this is a warning. Disclaimer, this is only for entertainment and education purposes and...
Bullish engulfing on daily. Fibonacci levels .382 = $1520 could be resistance, Looking for earnings run up before Oct 26. Options analysis - Volume from Oct 9th. Oct 16 - 1200 $1520 calls, 1000 $1530 calls, 1800 $1550 calls. Nov 20 - Huge OI in 1500 and 1500 calls, Put/all ratio .35. Of course, any bad Trump news could flush the market. Trade safe if you are...
Utilities (XLU) was the steady winner throughout the week, even during the pullback caused by fears of no stimulus deal being reached. For money that wants to stay in equities in lieu of low interest rates and uncertain inflation, utilities is seen as the safest sector. So even as stimulus fears mounted, XLU continued to stay strong compared to the S&P 500. ...
Showing this is a great shorting opportunity that might disappear quickly... see my previous post for RR setting. In this kind of choppy phase, momentum indicators are all wasted. use volume based indicators such as OBV and MFI. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell...
Pre market gap up. Divergence obvious. volume based indicator MFI up and OBV down. so this is a half half short trade. set stop at right above hullma with RR of 3. Looks like a worthy trade to me. let's see how this will play out. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell...
bearish setup. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
It was a back and forth race for the SPDR ETFs this past week. In the end, Real Estate (XLRE) was the winner. Utilities (XLU) had a week of steady growth but could quite beat out Real Estate. Technology (XLK) did well earlier in the week but sold off at the end on bad news. Energy (XLE) had relatively big gains on Friday, but overall still a loser for the week.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Here are the sector winners and losers for this week. XLK (Technology) was up and down as it took the Nasdaq for quite a ride. XLF (Finance) was down from the beginning of the week due to news of suspicious transfers not being blocked by large international banks. XLE (Energy) continues to be a loser despite the increase in crude oil prices. Good to keep an...
Looked like the A-B-C on hourly was going to hold, but it hasn't and larger one now in play to 200dma. Flush is possible as long as below 50dma $NDX $NQ_F $XLK $SOX $FB $AMZN $AAPL $MSFT $NFLX $GOOG $TSLA $SPY $SPX $ES_F #ElliottWave #Stocks 📉
Apple stock is currently at its lower channel holding support which coincides to an Elliot Wave 4 for a a potential 137% move to the upside to hit $250 at Wave 5.
money $$ is moving from TECH to healthcare Retail Airlines restaurants stay away from Boeing company needs a rebirth Wait till mid / end of october for tech entry
With a ~32% weighting in Developed European markets, PZD is set to underperform without the help of the Eurozone.
The downside bias on the Nasdaq is greater and clearer a shown in the other indexes. Remember, that tech stocks led the markets up in a record run. Now, it appears that the reverse is also true, leading the downward pressure with commitment. Technically , the weekly candlestick pattern show a bearish engulfing, followed by a rather filled down candle, forming...
The channel provided good support, actual first test of the bottom end of the channel since the low in March. Tech took a brutal beating last week with a disgusting weekly candle. However, the recovery this week has been extremely strong. Until the channel breaks, there should be some expectation of a bullish move to the upside. Only if the channel breaks would...
Banks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms on commercial and industrial (C&I) loans to firms of all sizes.