Ronald_Ryninger

Ronald_Ryninger

The weekly chart (on the bottom) shows that SPY and RSP were highly correlated until early March. After March, we have seen the two separate in YTD returns. The correlation coefficient confirms this break in trading. The breakdown in correlation between the RSP and SPY is most evident between May and June when RSP lost value and SPY gained value. In the last...

Ronald_Ryninger

On Wednesday, TMUS reports its quarterly earnings. The last earnings report saw a gap on the surprise earnings, but overall the price did not do much. TMUS's price has remained rangebound between the high and low of the previous earnings week. Looking at the earnings estimate, analysts are predicting an increase in earnings from the prior quarter and the same...

Ronald_Ryninger

With the MACD and Stoch flashing signals of bullish divergence and a gap that has not been filled, it seems likely that MCHP is getting ready to test its channel upper bound. To reach the channel upper bound it must clear another previously two unfilled gaps, the 21EMA and 63EMA. We are also seeing a cross in the 21Mom, Stoch crossing over sold and the MACD...

Ronald_Ryninger

AVGO has returned to its post-March 2020 point of control. Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff. An aggressive trade would be to enter now, while a more conservative entry...

Ronald_Ryninger

As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag)...

Ronald_Ryninger

Week Previous The thought that seeing three white soldiers means you missed most of the move held last week. SPY and QQQ made smaller gains while IWM failed to hold on to any. SPY and QQQ cleared their EMA's while IWM still flirts with EMA's. Week Ahead I expect the bullish trend to continue this week. SPY and QQQ seem ready to grind higher, but IWM is again...

Ronald_Ryninger

Week Previous With the raising of the rates, we saw a strong move up forming the candle pattern "Three White Soldiers." All three indexes were in agreement with this move up. Looking at the daily time frames, we see a bullish divergence between the RSI and price action. This divergence formed an ascending triangle in the RSI, which broke this week. QQQ closed...

Ronald_Ryninger

Week Previous SPY and QQQ managed to close below the low set on the week of Jan 24th. IWM closed just south of its resistance line. During the previous rally, IWM's refusal to break its channel warned the rally was weak. IWM may be warning again that this bearish move lacks strength. Going back to Jan 24th, we see that volume is trending down on the daily...

Ronald_Ryninger

Last week ended with a lack of conviction from all the indexes. SPY, QQQ, and IWM failed to close above their resistance line or the low set on the week of Jan 24. Looking at the intra week action, we see that none of the indexes could last a day over their resistance line. IWM found resistance at the 2% filter off the channel and 40 day EMA. SPY found resistance...

Ronald_Ryninger Updated 

FLWS has been range trading since the earnings reported in April. We experienced one false breakout back in early June, but it was quickly thrown back into the range. Disregarding the intra-day break in September, we are in the middle of a second breakout attempt, which started with the October earnings. This break experienced a brief throwback before continuing...

Ronald_Ryninger

Leadup Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS. Price Action After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs. Indicators Volume Broke 21 MA on the gap. DI remained bullish, and ADX seems...

Ronald_Ryninger

Leadup This morning's gap comes at the one week before the earnings mark. For five of the last six earnings reports, the close on earnings day has been higher than the close one week before. Price Action URBN recently completed a trading range and broke down for an almost 20% loss. After rallying 100% from this downward breakout, URBN did a brief bit of...

Ronald_Ryninger

BBVA is a Spanish bank that provides retail banking, wholesale banking, asset management, and private banking services. It offers banking services in Spain, Mexico, South America, the US, Turkey, Asia-Pacific, and Europe. This morning, Oct 5, BBVA opened with a substantial opening gap clearing two areas of S/R. Since Nov of 2020, BBVA has been in a solid upward...

Ronald_Ryninger

Energy stocks have been rising in the last week. One possible reason for this is the natural gas shortage expected in Europe which will likely impact markets globally. While HFC does not participate in natural gas production, it is still benefiting from the boost. Looking at the weekly chart, we can see that this boost comes at a critical time. Jun 2018 saw a...

Ronald_Ryninger

In Oct 2020, Ford installed a new CEO, Jim Farley. Farley plans to reshape the American auto manufacturer. Under his leadership, they have unveiled multiple new EVs, including an electric F-150. This new leadership has brought the stock price out of a six-year decline. Recently, Ford has been in a down-channel correction. This extended correction has provided an...

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Newmark Group, Inc (NMRK) is a commercial real estate advisement firm. They offer a full suite of services for both the owners and tenants. Their client base includes many from Fortune 500 and Forbes Global 2000. They maintained a positive EPS for 2020, and their outlook for 2021/22 is a positive increase. NMRK has tested the $13.62 resistance line multiples...

Ronald_Ryninger

Who They Are BUD is a large alcohol manufacturer and distributor. Their beer catalog alone offers about 500 brands. Are They Making Money Possibly the most important question to ask of a company that has been in a bearish trend for ~5 years is if they are making money. In the last 3 years, they have continued to make money but suffered a severe decline in...

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Who They Are Warrior Met Coal, Inc. produces and sells coal for the steel industry. It also sells the byproduct of natural gas from coal production. Though its mines and headquarters are located in the US, its main buyers are in Europe, SA, and Asia. Are They Making Money Most exporters were walloped during 2020, though HCC managed to keep their EBITDA(Adj)...