NYSE:VSCO is up 11% since 01/24/2024 after moving out of a longer-term bullish retracement. The price action has remained strong, triggering the sale of the first half of our VSCO inventory at $27.00 flat -
If the DXY continues to leg lower we could see another definitive risk on period in equities, theoretically giving VSCO the catalysts to achieve our target...
NASDAQ:PLBY has finished it's measured move to the $1.40 Key profit-taking level today, 01/09/2024 - Price action temporarily traded to $1.40 before finishing the day candle at $1.38. If speculators placed a limit order at $1.40 to sell, they most-likely would have been filled while the price action temporarily traded the $1.40 level.
*Nothing in this post...
NASDAQ:PLBY has commenced the resumption of its primary bull-trend with broader markets as it moves into a key profit-taking level at $1.40 - I personally put on a position in PLBY friday 1/05/2024, entering at $1.15: Stop $1.08 to provide room for volatility and took profits today at my FIRST profit level of $1.27. With today's bullish price action, I'm...
The S&P 500 currently trades above its 50 and 20 day exponential moving averages as it tests over-head resistance of the year high for 2023 at the end of a longer-term measured move (expected). Currently 84% of the stocks in the NYSE are above their 50 day MA which leads me to believe the market is overbought as is and will need to correct itself (taking a break)...
This chart shows a range in the s&P 500 of where the market SHOULD correct. with economic policy, the sentiment can change but this is the range for now.
