As the US election is approaching, we are starting to see some interesting movements in the markets so far today.
Price is now trading below a major level of support which was the previous all-time high from February this year
at $3393. This level has since been acting as support and resistance.
As the markets are still open at the time of posting, we may see a...
This year has seen a rise in home deliveries, especially during the lockdown period and FedEx
appears to be one of a number of companies benefiting from this trend.
Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew
by 700% through to January 2018 and reached a high of $274.
A decline was underway from that point,...
The S&P 500 is showing good progress despite having a bearish start to the week. The first thing
we want to look at when we identify declines against the trend are levels of support below price.
If support is strong enough, then it should be able to stop price from declining further.
Below price we have the 20 & 50 simple moving averages as well as the previous...
The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying
dominance over the Lira.
Since the last post, price has risen by 1,390 pips which is 1.8%. Based on the weekly timeframe,
price has not yet formed a clean pullback so we may be due one. But if the trend is strong,
then we may not see a pullback for some...
It is no secret that the stock market has recovered well following the huge declines in the markets
and the S&P is a good example of this recovery. From March, earlier this year, price has climbed 57%
from $2191 to its current price.
On August 24th, price successfully broke above the previous all-time high set at $3393. This high was
created on February 19th...
Since the last Nike post, price has moved up 10.4% and continues to demonstrate strength in the market.
Nike had its earnings release on September 22nd which had a positive effect on price as we saw a jump
from $116 to $130 overnight, adding increased profits to its shareholders.
That gap up in price was followed by a decline/pullback and price now appears to...
Gold made history in July of this year when it created a new all-time high. Prior to this, the last time
a new all-time high was created was 9 years beforehand. Not only was a new-all-time created, but in
the process, price moved above the major $2000 round number.
When price moves past major levels of support or resistance we tend to see price revisit that...
Since posting about the USDTRY last week, price has continued to rise, handing out easy profits
so far to those investors that have added this to their portfolio.
This forex pair has been mentioned in our community leading up to our entry and as you can see,
a linear trend is starting to form.
In last week’s post, price had moved up over 7% since breaking out of...
Taking our minds back to February at the start of 2020, anyone claiming a market crash was
happening would have been believed, as we were witnessing fast declines in the global markets.
The S&P alone went done by 35% from February to March 2020, even falling below the weekly
timeframe’s 200 simple moving average.
Global pandemics can have an unpredictable effect...
Forex pairs have been off the radar for some time as most of the action has been in stocks.
But here and there, certain forex pairs will pop up with opportunities and this is the reason
that we never take our eye off the ball.
You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira
and has consistently been on the rise for...
Nike has been off the radar for some time, especially since it started consolidating from December
2015 to May 2018. The trend following its breakout of consolidation has lacked the energy and
momentum of the prior trend when Nike shares saw a growth of 612% from March 2009 to December 2015.
The trend experienced its first pullback and made contact with the...
Microsoft is looking strong and another stock that has performed well following the global pandemic
is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index.
Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering
growth in a short period of time.
This week has seen the S&P 500 make new record highs, which is far from what many investors
expected to see during the middle of the global pandemic in March.
The previous all-time high at $3393 set back in February, was holding strong last week as we
witnessed the buyers trying to claw its way above this level without success.
Price has been sailing higher for...
With Tesla seeing a rapid 400% ascent from March to July this year, has the steam finally run out
or is price setting itself up for the next assault on levels of resistance?
In March, price found a base at the 200 simple moving average, using this zone as support. The 200sma
cushioned the fall in price which saw a drop of 61% during the global pandemic. From that...
The S&P 500 made a sharp reversal following the 35% huge declines we experienced as a result of
the global pandemic. From the lows in March of this year, price has moved up 52% and still climbing.
Since price moved back above the 20 simple moving average on July 1st, the 20sma has been used
as support which is a good indication of a strong linear trend.
Apple has seen some significant growth since April this year and still has the potential
to soar to new heights.
From looking at the history of this stock we can see that following the end of trends,
price tends to pull back before resuming the trend. Right now price is in the trend phase
and a pullback could kick in at any time.
The other thing we can notice...
The S&P has started off August with good momentum, opening for the day with a gap up candle
and edging ever closer to the all-time high at $3393 from the February 19th 2020 high.
The pattern of higher highs and higher lows is evident when looking at the daily timeframe,
from the March 23rd 2020 low. If the momentum continues to build then price should make light...
The S&P edges closer to the current all-time high at $3393 from February 2020.
Since March, following the declines triggered by the recent global pandemic, price has
been forming higher highs and higher lows.
Price did experience a mini period of consolidation from June 8th 2020 to July 20th 2020
where price broke out of consolidation.
However, on Friday price...