Been charting a few stocks this evening and I'm seeing the same pattern on this chart across all. Lots of dip-buying today and the daily candle for most big caps/tech stocks formed a nice bullish hammer with a strong wick on strong volume. Looking for a sign of continuation with entries at the fib level and/previous support, pre-market going into tomorrow morning....
Overall Amazon stock looking weak. Looking for either a short for the break of 3100 or a possible reversal, to buy the dip on strong/above-average volume for the break of 3200
Long term this stock has plenty of room to make it back to the highs, which I believe it will by the end of 3rd quarter, and as it builds out its e-commerce and digital ad's business further, investors will see the true potential of Walmart as a platform and not only as retailer.
Beginning of the week we saw bulls take control with lots of sellers getting out of the way end of the prior week. Very strong volume both Friday on the selling side and Monday on the buying side which set a move back up to the local swing highs. We ended the week pretty steady, moving sideways for most of Thursday and Friday. Intraday, things are looking...
Nas opened slightly higher today given the positive sentient from earnings and payroll. Still moving sideways ,dipped below 13400 overnight but found lots of buying pressure to move it back up and past 13400. Currently moving between 13400-13500. SP500 mostly indecision candles on the daily, staying on the sidelines until something gives. Checking out currency...
Much like Sp500, seeing some buying pressures with strong volume, for this one in the 13400 area. Mostly interested in shorts but not sure how much longer price will be ranging. Could be hours or days. Price and indicators signaling weakness. Mainly on the sidelines right now with alerts, waiting for a break of the lower level. Would like to see buyers out of the...
Most of the heavily weighted earnings for this week is behind us, markets rally yesterday is starting to see some cool off this morning, as seen by the consolidation/accumulation area we're in. This could be either because of anticipation for the economic news later this week, or buyers of been exhausted from yesterday's rally. Mainly bearish today. Starting to...
Starting to see some consolidation on the 13550 area. On the 5-min time frame price has moved below the 50 MA and on the 15min price is holding the 50MA. I like to sometimes look at these to see how fast price is moving and if there could be a potential reversal when price fails to move fast enough - signaling weakness in buyers. 4 hour time frame we have a nasty...
Much like nas, we have approached the top of the channel and indicators are also pointing to overbought. Mainly looking for consolidation and movement back down to the lower boundary of the channel for tomorrow, but also am wary of a push further up before we move back down, based on multiple crushed earnings and positive guidance from sp500 components, which...
Price moved according to prediction from the last post. Volume for most of the morning going into the afternoon was very strong. Now that earnings for most of the heavily weighted components are behind us, we may be gearing up for a stronger push higher.
Long
If we have a push higher to 13500 with strong volume, looking for buys around a consolidation zone.
...
Yesterday we saw some strong bullish action with a clean-green engulfing candle on the daily eating up much of the losses ending last week. Was able to take a few trades early morning for about 150 points. This week we have a few heavy hitters reporting earnings mainly google, amazon & Paypal as well as jobs report at the end of the week. For today, I think we'll...
Multiple touches on the 13000 level, some pretty strong wicks. Lots of buying pressure is making me bullish but am prepared to take this either direction. Indicators on the 1hr are signalling bullish but Will wait to see. Either looking for a close higher for a long on the next hour candle or a breakout candle on the lower time frame of sorts. We'll see
Took the long at 7am for a nice 300 point move. I quickly looked at the chart on my phone at around noon and noticed a shooting start forming on the 1-hour candle on the upper bound of the channel. I didn't take the short but it would have been a nice little scalp. I had mentioned on my last post that I didn't think the market was overbought yet, and we could see...
Was looking for a long but after yesterday's massive sell-off was a little hesitant. This morning when I sat down noticed some consolidation on the lower bound channel, with two touches and accumulation, along with that also noticed RSI + MACD on the one hour signaling bullish momentum.
Took a long on the open of the 7:00am candle
Today was nothing more than a reaction to the fed-news and the slower than expected roll-out of covid vaccines among others. All of the majors shed 100+ points with the Nasdaq-100 shedding about 350 points. All of the heavily weighted components have been posting better than expected earnings and optimism for 2021 so overall, so I continue to be long-bias.
Nas...
Really liked the consolidation on the 1hr chart leading up to the short trade. The second candle after the bearish engulfing was the confirmation as the engulfing candle also broke the .3000 level and the second candle opened below the MA and the high never reached .3000 level, the MA crossing on the 1hr chart was another confirmation that the downtrend was kicking in
