SquishTrade

SquishTrade Updated 

The S&P 500 ( SP:SPX ) as tracked by the most liquid ETF AMEX:SPY , has continued in a wedge pattern since the lows from late October 2023. This wedge has been steep and risen quite dramatically. Bulls will not want to see this break, but given that it's an election year, would the break just be a consolidation with one more high? These are issues everyone is...

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Primary Chart: Monthly chart of MATIC (Polygon) with Monthly Four-Year Uptrend Fundamental Issues Arising from Recent SEC Legal Actions Significant fundamental concerns have been brewing relating to Polygon / MATIC. The United States Securities and Exchange Commission (SEC), is the primary securities regulator in the US that handles securities registration,...

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NASDAQ:TSLA reported quarterly earnings after hours. The initial reaction has been negative but that can sometimes change during the volatility that continues during the conference call and later the next few days. This post will not delve into the fundamentals as a some prior posts have done. After all, markets are presumably efficient and discount all new...

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Primary Chart : Palantir Technologies Inc. NYSE:PLTR on a daily time frame with key Fibonacci Levels drawn as well as support, resistance, the 21-day EMA, and a critical VWAP from the bear-market lows of December 2022 Palantir Technologies Inc. NYSE:PLTR , once a tech darling of the 2020-2021 bull market in equities, has achieved a substantial retracement now...

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Bollinger Bands Part II: Reversal Patterns Analzying Two Key Patterns Called M-Tops and W-Bottoms This post will go into greater depth than the basic introduction to Bollinger Bands published last week. In particular, it will discuss two key reversal patterns. Both the M-top reversal pattern and W-bottom reversal pattern are price patterns that form in...

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Primary Chart : DraftKings Inc. Weekly Price Chart with Fibonacci Levels and Downward Trendline from All-Time Highs DraftKings Inc., an innovative sports-betting company, has been one of the hottest stocks of this week after it beat earnings expectations and raised revenue guidance. Many are likely chasing the stock's price here without any discipline...

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Introduction Imagine that you are placed on an island with only a trading platform (TradingView of course) and the island gods only permitted three indicators. What three indicators would you carefully select? At the top of my list would be the Bollinger Bands. Some people seek out complex or cryptic indicators in search for a better edge. Of course, some...

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Primary Chart : TSLA's 2D Price Chart with .618 Fibonacci Retracement of Decline from All-Time High to Jan. 2023 Low and Various Degrees of Trend Represented by Conflicting Channels SUMMARY: 1. TSLA's technicals are unclear and conflicting. The trend from the 2021 all-time high remains downward until broken. The trend from the January 2023 low remains upward but...

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SquishTrade Updated 

Happy New Year everyone! This short video explains the technical view for TSLA as we start 2024. From a technical standpoint alone, its difficult to be wildly bullish or bearish right now. There may be other fundamental or macro reasons to take a more bullish or bearish view in the intermediate to long term. In short, neutral to slightly bullish makes sense over...

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Primary Chart : Monthly Chart of TLT Showing Multi-Decade Support Levels. A fair amount of charts have been published lately on the importance of interest rates, and conversely, long-term bonds, government or high-yield bonds. One well-known TradingView publisher @scheplick went so far as to describe the chart of the US 10-year yield as the most important chart...

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Primary Chart: IWM / Russell 2000 Weekly Timeframe The Russell 2000 (IWM) is often a leading indicator in US markets. It led to the downside in early November 2021 after a false breakout out of its 2021 topping-pattern's resistance around $234. SPX topped nearly two months later on January 4, 2022. While small-caps are not necessarily always the first to make a...

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The Federal Reserve Chair Jerome Powell spoke again today at a Brookings Institution event. His comments sparked a rally in markets (likely including short covering) that pushed the S&P 500 SP:SPX up about 122 points, or 3.10%, to close at 4080. The Nasdaq 100 NASDAQ:NDX rose 4.58% on the day, closing at 12,030. But the bond market is sending less sanguine...

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Primary Chart: Weekly Candle Chart of ETH/USD with Competing Flag Scenarios Longer-Term Analysis BITSTAMP:ETHUSD has been largely in a trading range since making its low in June 2022. Yes, some of the moves within that range have been quite substantial. The move off the June 2022 low to the early August 2022 high was about +130.59% higher. The next leg...

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Primary Chart: TSLA on Weekly Time Frame with a Downtrend Line from the All-Time High and Fibonacci and Measured-Move Levels Preliminary Comments TSLA is poised to stall soon, perhaps into July 21. By definition, a stall does not necessitate a crash or major trend reversal (at the primary degree of trend). A major reversal downward (crash) is always...

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Primary Chart: Daily chart of NASDAQ:TSLA with anchored-VWAP from Nov. 2021 all-time high Different stocks tend to have unique price characteristics. Some move timidly, others move boldly. Some are volatile, some are tame. Some some make predictable moves in incremental steps, and others whipsaw around before crashing higher or lower. NASDAQ:TSLA is...

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Primary Chart: SP:SPX chart on a daily time frame with a key options-OI level (relating to JPM's quarterly collar) as well as a couple crucial VWAPs to monitor for this week. Support and resistance for the week are shown in blue horizontal lines. SPX may trade within a modest range this week unless spooked by aggressive Fed officials' commentary, or encouraged...

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Primary Chart: IWM on a weekly timeframe with downtrend line and major support and resistance zones Note1: IWM is an iShares ETF that represents the Russell 2000 small-cap index in the United States. Though not as widely tracked as SPX, NDX, or DJIA, the Russell 2000 ( TVC:RUT ) is one of the major US indices. It is likely the fourth most watched US index. Note2:...

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A Cost-Benefit Analysis of Looking outside the Scope of Trend: To Peek or Not to Peek “The trend is your friend until the end when it bends.” - Ed Seykota Trend analysis lies at the core of technical analysis. Modern technical analysis derived from Dow Theory. In turn, Dow Theory emphasized the nature and importance of trends and their constituent parts and...