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MAX Auto Industry -3x Inverse Leveraged ETNMAX Auto Industry -3x Inverse Leveraged ETNMAX Auto Industry -3x Inverse Leveraged ETN

MAX Auto Industry -3x Inverse Leveraged ETN

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CARD trade ideas

ABC Bullish/TECS is also ABC/DLeveraged and Volatile. This also measures out to be a Cypher if the final leg of the M pattern does not go too far below D, which is also C of the ABC Bullish pattern. Cypher pattern is in yellow and shares the 1st leg with the ABC Pattern. Target for the ABC pattern would be D. MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 is an exchange traded note launched by Bank of Montreal. The note seeks to track -3x of the daily performance of the NYSE FANG+ Index, total return. The index comprises of public equity markets of the United States. It takes short positions and uses derivatives to include the stocks of companies operating in the technology and consumer discretionary sectors. The index comprises of growth stocks of companies across diversified market capitalizations. The ETN will mature on January 8, 2038. MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 was formed on January 22, 2018 and is domiciled in the United States. No recommendation/Long with good entry level. Sometimes looking at candles can help. I do not see a pocket pivot at C/D. Stop below C.
AMEX:FNGD
by lauralea
Falling WedgeLeveraged ETN x 3. Volatile and not intended to be held long term as fees can be high. A falling wedge converges at the apex as the down sloping trendlines narrow. Considered bullish when price breaks the upper line with an uptrend. No recommendation/best to buy on market UP days and this ETN is very risky. Basically this ETN is shorting these holdings: Top 10 Holdings (100.00% of Total Assets) Alibaba Group Holding Ltd ADR BABA 10.00% Alphabet Inc A GOOGL 10.00% Amazon.com Inc AMZN 10.00% Apple Inc AAPL 10.00% Baidu Inc ADR BIDU 10.00% Facebook Inc A FB 10.00% Netflix Inc NFLX 10.00% NVIDIA Corp NVDA 10.00% Tesla Inc TSLA 10.00% Twitter Inc TWTR 10.00%
AMEX:FNGDLong
by lauralea
2
GDXU leveraged gold miner ETF LONG SETUPAMEX:GDXU As illustrated on the one-hour chart GDXU has reversed a downtrend as indicated by the EMA crossover and so on. Support and Resistance lines are shown. Price is well below the SMA200 and thus undervalued as compared with historical data. I see this as an upside 30 % long setup with reasonable risk. Once the trade progresses perhaps 10-12% in price rise, the stop loss can be moved up to break even. This can be approached with intermediate-term call options as well. Targets and stop loss are marked out.
AMEX:GDXULong
by AwesomeAvani
1
FAANG met H&S target@0.786; Earnings week scenariosFAANG reached its H&S target move exactly at the 0.786 Fib Retracement level around12.50. This is also The bottom of my slanted pink FIB CHANNEL. Most of the stocks in FAANG are still profit machines despite rising rates & inflation, maybe except FB & Netflix which recently pulled FAANG down a lot. If earnings come out A LOT BETTER than analysts’ projections, this 12.50 level may already be very much near the bottom of wave 4. Then wave 5 starts with the different impt FIB levels on the chart as TP areas until the H&S neckline. Wave 5 may peaked sometime in 2023 before a potential recession. But if earnings disappoint, we may see lower prices in the green box around 9.25 which is also FIB 0.854 level. From there a consolidation follows until it bounce from the bottom of grey slanted FIB CHANNEL. Not trading advice
AMEX:FNGULong
by xtremerider8
FAANG: using FRACTAL to predict wave 5.Volatility ahead in 2022FAANG FNGU stocks still have upside once this recent wave 4 correction ends. Most FAANG components will still have big earning potentials in 2022. With some like Netflix & Fb already making big enough corrections, others may see a lot of volatility in 2022 with end of QE & multiple raid hikes coming. However, stocks in general rises together with treasury yields TNX. Watch TLT bonds & gold carefully to see if a rotation to safe haven happens. I copied the fractal of previous wave 5 of a smaller Elliott cycle to see how FAANG stocks may behave in 2022. I think a lot of volatility is coming & a lot of weak hands will be shaken out before wave 5. Not trading advice…just my opinion.
AMEX:FNGULong
by xtremerider8
2
FNGU barely holding Up Channel with no definite directionIn this weekly chart,Faang stocks etf completed a bearish W-pattern & fell & now consolidating around the W-neck area 33 to 37 undecided where to go. TNX rates are going higher which puts pressure on growth stocks like XLK FAANG stocks, SMH while some money seems to be rotating to value stocks like DIA, IWM & IYT. The good thing is Metaverse is here to stay so many of FAANG components will benefit like FB, MSFT, NVDA. That may be the reason why FNGU is still fighting to hold its up-channel. Failure to hold 33 will see next supports at 28 & 24. A lot of money has been pouring into FNGU since Nov of 2019 as seen in the big green Money Floe Index inside market cipher. If 33 holds, there is still room for wave 3 to run.
AMEX:FNGULong
by xtremerider8