13/21/34 Propulsion Dots,
RAF has just fallen below extremes.
Touching Vscore support from fisrt of the year, along with first of the year VWAP.
Darvas 3.0 signal
Entry on break above Minor High @ 83.05.
Move stop to B/E @ 83.95 (50% Fibonacci)
Profit Target - $85.20.
Stop Loss @ 25% Options
Looking @ 17March23 Options 83 Calls.
Option interest is...
I have decoded the following model in Tradingview
This is the sector rotation model where different sectors are stronger at different points in the economic cycle.
Here my results in Tradingview by creating this ad-hoc layout
I compare relative strengths of sectors at different points in the economic cycle with sectors which are stronger at previous...
A double top played out in qtr1 and established a down trend for the next two quarters. Price action recently broke this trend line as well as the 200sma and printed not only at a recent top but also a S/R range going back into 2021. With RSI at the door of overbought territory and MACD at one of, if not the highest in recent time, upside gain (if...
Hey all, XLB is in a downtrend. When you know what the trend is, you play with it accordingly. I perceive XLB will be a very solid short when $SPY reaches $389, and I will be shorting XLB. I think this is a very safe short with a massive safety net & margin for error.
names like this got crushed over past two months
if you own this ETF, or underlying components, and you had a massive drawdown
where do you start unloading inventory? because that's a good place to short.
On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be...
The worst may not be over. A 8% inflation is very hard to fight even with monetary & fiscal policy because the FED could only control the demand side & not the supply side of inflation. With the FED making it very clear that it wont stop until inflation comes down, we may be seeing aggressive rate hikes leading to layoffs & demand destruction in the near future &...
this is each SPDR fund since inception in 1998. Each sector is materials, energy, finance, industrials, technology, essential goods/services, utilities, healthcare, and non-essential goods/services. We can see how Energy looks as if there is more room to run which means more pain for stocks be careful traders and investors alike.
Trading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart).
This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add.
If you get anything from this post please...
reaching long-term upper bound on channel (2007)
Weekly RSI showing bearish divergence
weekly MA look like they might be turning over
Timeframe: 1 year-ish
continued inflation + seller pricing power
could go on for longer
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...