Wyckoff Madness: A guide for the average Joe
Table of Contents
Definition of the Wyckoff Pattern
Brief background on its creator, Richard D. Wyckoff
II. Overview of the Wyckoff Pattern
Description of the four stages: accumulation, markup, distribution, and markdown
Explanation of how these stages repeat in a cyclical manner
Forget the "Santa rally," it's time to brace ourselves for a potentially tumultuous 2023 as concerns mount over bond market developments and their impact on Q1 earnings
Santa is tired, Kids
It is uncertain whether the annual "Santa rally" will occur in 2022 due to the bear market. There are concerns about the recent developments in the bond market and their...
What Is Sector Rotation?
Investors are always looking for opportunities to boost returns and reduce risk in their portfolios. One way to do this is by understanding and utilizing sector rotation.
In simple terms, sector rotation is the process of moving money from one sector to another. In order to take advantage of positive market trends investors will want to...
In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video.
The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this.
Pull up the weekly SPY, add the Bollinger Band - go to settings:...
In this video I go over very general market conditions and express my bear case on the SPY using some simple indicators. This is not financial advise and was created for entertainment and educational purposes only. Do not use this video and its contents as a recommendation to buy or sell any type of security, the opinions expressed are of my own and...
I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about:
1. Since the runup to $72 AMC has continuously set lower highs.
2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows.
3. End of Nov AMC broke its major...
With 1 day left, the shadow of the candle kissed the 50 EMA. Even with a close ABOVE its previous candles close but BELOW its current candle shadow low this should be seen as bearish. This would print a Shooting Star. 444.39 would be the level to watch for this scenario.
Bulls will want to see a close above the previous candles swing...
I hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19:
Depending on how you look at it, there has been 4...
In regards to the chart - Leaving this here mainly as a visual in order to build upon a more expansive EV map throughout the year in 2022.
Continued information outside what is represented on the chart image:
A bit more history for those who are interested...time to step back to eh EV world in the 1800's......
Did you know Henry Ford was friends with...
Ford Motor Company F
Areas of interest:
Breakup at $21.50
Breakdown at $16.49
Recent overhead gap between $18.46-19.89
Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such.
SHIB seems to be throwing me a buy signal on the Hiekin Ashi chart using the 12/26 EMA crossover
Using the daily chart only as a starting point to reduce the view down to the 1 and 4 hr chart
You can see on the daily that the EMA cross has happened (as long as this daily candle holds bullish)
A daily bullish candle close at current levels...
Looking at some key levels of local support and resistance that has played out in the past. Keeping an eye on the options chain and price movement to look for a bearish or bullish position - it is in no mans land right now. If AMD breaks down to test 117 and gets a VOLUME increased bounce then calls above 122.5 could be considered ATM of slightly OTM. If AMD...
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to...
Posting this here for future reference to see how each COINBASE:BTCUSD NYSE:F NASDAQ:AMZN NASDAQ:NVDA react to the (green) support lines. Breaks below the green with a weekly candle that opens and closes below I believe will fall down to test the whites lines (previous resistance levels). Simply watching for turnaround and confirmation to go long on all...
The chart speaks!
The bulls and bears are toughing it out at the 200MA - can you see it?
Bullish setup: a daily candle that closes above the 200MA and retests the $5-5.30 volume shelf with the proceeding candle
Bearish setup: a daily candle closes below the 200 MA and proceeds to close a candle below the Jan 14 support level of $3.80