SviCapital

A strong trend up day on the market. The previous all time high is a launching point to the upside. Regardless of why the buying occurred today, the price action shows a clear buyers domination: a wedge breakout, a solid bullish daily bar. The investors are betting on strong earnings of the mega techs that will start tomorrow. AMZN led the Nasdaq to upside...

Here is a dissected daily chart of Russell 2000 futures with important levels to watch. As of today, the index remains the weakest among the others. Last week it tested an important trend line but managed to close above it. The index has an interesting behavior that could be used to trader's advantage. For example, it may be in a catch up mode and trend well...

In my previous LQD study I outlined a possibility to use the LQD as a leading indicator for equities. Looking at the daily chart a few weeks later we can see that the price is within a well defined wedge. Perhaps, the next week will bring a test of the wedge boundary. If there is an impulse breakdown it would be worth watching its effect on the direction of...

Watching this ETF offers an interesting inside. Cutting through the noise of the mega tech euphoria we can see the underlying weakness. The price action suggests a solid breakdown of the wedge. The day session is not over but the current weakness is alarming. 04/18/2019

A very bullish overnight session tagged the ATH before the day session opening. An overbought condition at the ATH offered a short setup from the getgo. It’s all about the risk/reward. The upside was questionable and the downside could offer plenty of reward. It’s hard to go against the market but the mentality should be based on potential reward. In my previous...

A balanced day overall. However, both sides had their opportunities. A false breakout of the overnight balance attracted the sellers for a liquidation move into 7600 support. The buyers stepped in and turned around back to today’s high. As seen on the chart the daily bar looks like a false breakdown of the wedge - a swift rejection. This suggests that the buyers...

A news triggered bullish sentiment in the Globex sustained during the day session. The daily chart reflects a well defined wedge where the price moves. In the meantime the negative divergence remains intact. On Friday the index did not performed well compare to the rest of the indices. The financials were moving up the S&P and Dow, and the big tech like AAPL and...

A momentum created in the Globex session remained through today's daily session. Even though it was a choppy price action awaiting the FOMC minutes the buyer's dominance was obvious. AAPL was downgraded and some selloff was at the beginning of the session. It was not helpful for NQ to move higher. The afternoon session, especially after the FOMC minutes, attracted...

Another positive day for NQ. In the morning the bears had a chance to push harder but only managed to fill the gap. A shallow pullback was immediately bought for a retest of the Globex high. There is no doubt that the buyers are targeting to reach the previous all time high. The AAPL strength was pushing NQ to higher prices and helped the Dow not to loose...

LQD is an ETF that tracks investment grade corporate bonds. www.ishares.com In this study I compare the LQD with SPY that tracks S&P 500 index. Upon review of turning points one can conclude that the corporate bonds start to go down first and recover first hinting the broader market...

Financial sector is one of the largest components of S&P 500. On Friday it retested its important resistance and ended up as a doji candle. If it starts the pullback to the mean, which is confluence with 20 EMA then it will drag the index down as well. Watch financials to confirm your ideas about SPY trading. 04/06/2019

Today's much anticipated NFP report did not make a firework. Nevertheless, the buyers were holding well the gains from the Globex session. The day session was quiet slow and less exciting but offered a long position from support. Gotta take what the market offers. So far the buyers are in firm control and hold the price above previous month high. The all time...

A calm day on the market, both sides were active. Investors are waiting for the NFP report due tomorrow morning. The sellers got active after the buyers had retested the Globex high and failed to advance. The buyers held the breakout area and managed to recover all their loses. The buyers remain in firm control as long as yesterday's and today's lows are...

Another green day on the market. The move started in Globex and the momentum continued in the day session. The breakout of the balance remains intact so far. At this point, as along as the today’s low and breakout area is defended the buyers remain in control and the door is open to retests today’s high. If the breakout area is lost that would be a sign of...

A small range today. NQ was the strongest among the indices. Buying in FANG stocks, especially AAPL kept the prices drifting higher to the top of the balance, which was identified as a short term target in the previous day post. The strength in AAPL helped to offset the weakness in Dow. Again, the buyers make baby steps approaching the larger timeframe resistance....

A gap up Globex action set the tone for the day session. When the market shows its hand It is best not to fight it. No matter what you think about the reasons. In the morning, I read an article where some UBS analyst had warned the investors before the opening not to trust China data, which was believed the reason for uplifting mood. It was definitely something to...

The buyers managed to capitalize on the previous day's gain. I anticipated the upside move considering the end of quarter and windows dressing exercise but it was painful to watch and hold a long position during the grind up. What to expect: - The buyers are at an inflection point (50%) of the downside swing. A chop is expected, however, if we see a grinding up...

An inside day that offered short and long opportunities. Usually, such days are a prelude for volatility spike and range expansion the following day. Be on a look out. I have adjusted the last box moving up the balance bottom higher. Here is the reason: it would more crucial for the buyers to hold that bottom. As you can see that bottom is a multi day bottom,...