IngenuityTrading

IngenuityTrading

Delta has been hovering above its range for over a month now and I am looking for take into earnings. Assuming the breakout/trend to the upside will continue, I am hoping earnings will provide a catalyst for the stock to head toward 45. I don't think the numbers themselves will be good but I am hoping the have positive guidance about people traveling post the vaccine.

IngenuityTrading

EUR/GBP has been in a range for months now but is starting to show some weakness on a near term basis. If we can close below the weekly range low the 0.8932 area and remain below the downtrend line then the next stop should be the lows from November 0.8850. Given all the headline news about COVID and the UK it would appear to be negative for the currency but price...

IngenuityTrading

Not sure if it was the Adelson news but LVS is the biggest loser in my portfolio today and is approaching a key level that will determine my next move. I was playing for a breakout above the range (rectangle) above 56. The stock held the highs of the range for over a month but has now slipped back into the range and is approaching the line in the sand at 53. If...

IngenuityTrading

Ethereum as well as all of the major crypto players have given back some of the huge gains they have had in the past couple of months but the overall bullish trend is still intact for now. As we hang out near a support area I am watching to see if we can hold the recent lows near 930 and break the down trendline. If we do I will enter with a stop at 920. Not sure...

IngenuityTrading

I bought intel on a reversal trade at 47.05 in late November. The trade started of well with a big surge in early December only to give up all the gains by December 21. I stuck with the trade though because the broader reversal play back into the range was still intact- price held above the lows of 43. By the beginning of January the gains returned and on the news...

IngenuityTrading

The one sector that has continue to lag is the airlines but that may be starting to change. We have consolidated near the high end of the range (rectangle)for over a month and it appears the sector wants to breakout. If we can clear the downtrend line and hold the 21.40 recent lows then the sector could get back some of the enormous Covid losses. Vaccines and...

IngenuityTrading

Despite having a bullish bias in the overall market, I will always look for potential short opportunities to offset long equity exposure. TTWO looks like it might be a decent reversal play to the downside after breaking the uptrend line that comes from the previous range breakout. I am not bearish on he company or the video game sector, but there is always sector...

IngenuityTrading

This is an update on my litecoin post from a few days ago. The crypto correction has been fully underway in the past couple of days but the weekly support area has held up so far. If the lows around 112 continue to hold, then the next move could be to the upside over the coming days.

IngenuityTrading

This breakout trade out of the December range (rectangle)to the downside to the lows set back in March has been even better then expected but as we approach those lows it is decision time again. Because I have good trade location I am going to hold the short position even if we get an immediate term bounce. I am watching to see if we can hold below 169'00. If we...

IngenuityTrading

Along with others in big tech like amzn, adbe, msft, and facebook, netflix has lagged the sp500 since May. The divergence has widened in the recent weeks enough to make me cut my position in half. We are still above the yearly moving average and above the range (rectangle) lows but most of the gains from the position put on in late November have evaporated and I...

IngenuityTrading Updated 

Short term range setup on the break of the trendline from the most recent 2 up weeks here at 2.63 looking ideally for a re-test of the low end of the range (rectangle) at 2.36. Stop is going at the range high: 2.80

IngenuityTrading

As long as we stay above the weekly support area (rectangle) 30,000-27,500 the trend is still bullish. If we can clear this down trendline line it might be a decent entry point. Not sure if its heading back to highs but it will be interesting to watch play out either way.

IngenuityTrading

I am currently long the nzd/chf but I am watching to see how it reacts to the previous range high (rectangle) 0.6389. If we can hold above the regression line as well as the low of the breakout day- 0.6363 then the trend to the upside is still intact. But if we get more selling and close below the 0.6363 level then I will reverse my long position to a short...

IngenuityTrading

Wish is down big from its post ipo highs but it looks like it could be setting up for a reversal back into the range (rectangle) and hopefully to the highs at 25. Entry here or at a lower price with a stop below the post ipo lows- 17. The stock is very volatile so I will be trading small but this could be a decent risk/reward set up assuming the overall market holds up.

IngenuityTrading Updated 

Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops and overall trade management join the club. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast....

IngenuityTrading

Facebook is being cut from the portfolio today after breaking below range lows. The stock has been an underperformer since I bought it in the November and I am not going to wait around for it to get its act together. If we can get back over 275 and the downward trendline I will reconsider but for now the stock is a no touch. The twitter news is bad for twitter...

IngenuityTrading

The most recent support area from 139-119 is key for the currency. If we can hold above the support then we should have continuation to the upside. Below 119 could be a much more bearish scenario. We will have to watch how price behaves over the coming days

IngenuityTrading Updated 

Stop: 1000.0 Our reversal trade was invalidated and we are no looking for continuation to the upside similar to our reversal trade in mid-November. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a...