If you read my morning post today here on tradingview.com I had disclosed that a Proprietary S+P 500 Sell Signal of mine, had been triggered yesterday at the close,and that big money was clearly behind it. Today,after a brief sharp morning short covering CAPITULATION move above 2958 ...failed, price then quickly reverted back down the channefor the rest of the...
A Short Term Sell Signal, on the S+P 500 was given in the very last minute of trading on 6/20,359 pm using a proprietary Inverse ETF Weekly Chart Setup that I use. Measuring the total distance of the "snapback" rally from 2728 on 6/3, to 2958 on 6/20, S+P 500 has Completed a very strong Impulse, counter trend rally that has brought it back to all time historic...
The VIX is nearing the lower Bollinger Band on it's Daily Chart signaling that the market is now very close to an important price high. Coming near the all time highs, potential price peak in the S=P could be an exhaustion type setup, where price continues to rise,... until it doesn't The 200 plus point rally since the S+P Bottom at 2728 on June 3, has on the...
News that the President's of China and the United States at the US invitation,will meet at next weeks G-20 meeting for a leaders discussion on trade war issues, sent Chinese stocks up sharply, as the market seemed to take seriously, the prospect for some kind of economic truce between the two nations. Direxion's Triple Bull China ETF , YINN the vehicle that I use...
Boeing's sharp dead cat bounce on 6/18, which carried the Dow with it seemed fundamentally based on news of a potential new order for the ill fated 737 Max. However, if one just looks just below the surface, one can see that money flow into this stock, barely got off the ground today. Um yes Does that sound familiar ? It's like they're clueless in...
You might have thought that they were holding the financial Super Bowl today, as the big crowd outside seemed besides themselves,to get into tomorrow's biggest financial game of all, the Fed Meeting Announcement on policy and interest rates, Perhaps the crowd could be civilized and wait till a few hours before game time, and then all file in orderly but no,......
Evidence shown here reveals The Daily Chart Pattern of the VIX showing a clear Rounded Bottom Pattern in place for 2019. That saucer type bottom in the VIX thus could be very supportive of a sharp breakout to the upside in Volatility, which could be timed around the all important Federal Reserve Meeting this Wed.June 19 Market participants and analysts seem to...
As an aging baby boomer, I am now starting to notice things in my own life, things that for years I paid little attention to when I was younger. One of those things ,easily the most evil food ingredient out there, that one can put into our bodies is Sugar, ...plain and simple. Sugar acts as a carcinogen, as it invade the human bodies cells, to hyper activate all...
Puyi, a wealth management company,and 2019 new issue from China, achieved a powerful upside breakout on 6/14/19, rising over 26%, on nearly 600% average daily volume,to close at 7.98 In following up, on my recent bullish article on tradingview,com on China, I spotted this companies ADR traded here in the US, on Investor's Daily "Top 5 Stocks Under $10 List", with...
The current consensus opinion is that the United States has the clear financial advantage in the trade war with China,and that it is only a matter of time, before China is forced because of economic pressures to save face ,and make notable concessions to break the current deadlock,between the two superpowers, thus in turn handing the United States, and the...
The market is now in the throws of making it crystal clear to all participants that the bullish view is the only possible way you should look at the market. Based on it's continuing angle of ascent,from it's recent rise from 2728 low last week, S+P 500 rally is now in the process of bringing in as much "crowd" as possible, all who are buying into the rally ...
It appears that just the threat of tariffs by the US against Mexico by June 10 has done its charm, after the administration announced, after the market closed on Friday, that there had been an agreement to forestall new tariffs, that the market had been so fearful of, just a week ago. So tonight, when stock index futures open for trading for the new week, expect...
I first wrote about very bullishly first about Beyond Meat Inc. (BYND) here on tradingview.com in Mid May, soon after the companies initial public offering, and the stock was up 300% from it's initial offering price This week,on Thursday after the close, Beyond Meat, the plant based meat company now taking the world by storm released their first quarterly...
The very sharp 1700 point rally in Dow Futures this week, accompanied by an almost straight up move since Tuesday has today completed almost precisel the right shoulder of a Head and Shoulder's Pattern on the Dow Futures Weekly Continuous Chart. Today's high of 26085, basis June 2019 Dow Futures, met that target almost exactly, on the weekly chart I keep and...
2811.87 is the Axis Center Central Point on the 4 Hour S+P 500 Chart. Imagine a circle, with a compass circling around that axis point in the center. and you can begin to see the all importance of 2811.87, to defining the current bullish and bearish price support. Bottom Line: S+P 500 is Bullish Above 2811.87 S+P 500 is Bearish Below 2811.87 Use 2811.87 as a...
The Dow Industrials, having spent 72 Hours inside the proverbial "black hole rose a dramatic 500 plus points on Tuesday. bringing to light the incredible market power of good over evil. With just a tacit acknowledgement from the Fed that they are prepared to immediately lower interest rates to jump start the economy at any time, the market took off to the...
S+P 500 has double bottomed,on a Closing basis on the Daily Chart with yesterday's close of 2744 now just above the March 8,2019 Closing Price of 2743. However, Daily RSI is showing quite a bearish divergence. Note how RSI has broken support of it's own March 8,2019 bottom, and even with today's sharp price rally in the S+P 500 Daily RSI is still below it's...
Amazon.com has plunged almost 5 %, today with a breakaway gap to the downside, on suddenly serious concerns of pending anti trust breakups of these big technology companies impacting all of the Fang stocks today including Google, Facebook, and Apple. The chart shown here is Amazons,in a 15 Minute form Last month, I had read a piece that illuminated the views...