Trading-Capital

Trading-Capital

Is the Dollar about breakout? We've seen this pattern before...a classic down-sloping wedge pattern is likely to result in a bullish move to the upside. Any pattern can fail, so the next support below if it does fail is Double Bottom .

Trading-Capital

When the XLU outperforms the broad market, you better be taking note as an investor or trader. What does it mean when Utilities outperform the S&P500? The better question to ask is why do people buy Utilities? We have informed our members of this important signal and why its critical to understand this price action. A hint, most investors buy Utilities for...

Trading-Capital

Binance was in the headlines today with the CFTC. The BNB token had a nasty fall into support. This token is at a key technical area. If it loses this area, the price action can start to fall even sharper to the next major support level seen on the lower wedge. Will the largest trading exchange in the world get caught up in a crypto ponzi like FTX? If this...

Trading-Capital Updated 

The SMH is triggering a intra day topping formation. This is likely to play out as money roates out of the overbouhgt tech/ semi space. NVDA, AMD are some of the leaders already showing weakness today. If Semis fall they will take this market lower.

Trading-Capital

Clorox pattern is looking bullish and may be on the verge of breaking higher. This Consumer Staple could do a meaningful retrace of the downtrend if it breaks out of this bullish consolidation and recaptures the 200 Weekly MA. Watching for a long entry.

Trading-Capital

This financial has been holding up very well considering XLF & financials have been obliterated. One of the very few relative strength financials holding above key daily moving averages. If financials see a technical bounce this stock will likely breakout to the upside.

Trading-Capital

CVS is completely oversold and into massive support. Will see see a technical bounce in the near term? The previous breakout zone is approaching.

Trading-Capital

TMUS is looking very topping heavy on the larger term time frame. This would align with our thesis that we believe communication and aspects of the tech market are going to see some capital rotation. If this weekly topping formation is triggered in this chart we will have a high probability trade setup. Knowing the trend to trade is key.

Trading-Capital

True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher. We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged. Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis. Gold is moving on fear...

Trading-Capital

META has been doing the heavy lifting for the communication sector. One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance. Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.

Trading-Capital

AVB has a death cross that is approaching. This pattern still favor's a near term bounce but will likely resume its longer term downtrend once buy the dippers are exhausted. This is a trend that is not your friend.

Trading-Capital

Vici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names. With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already...

Trading-Capital

With major weakness in the banking sector we are still seeing the contagion play out. Some banks are more at risk than others. Based off of a blow out in Credit Default Swaps. The bond market is showing there is tremendous risk in this bank. Just like Credit Suisse CD's blew out befroe the collapse, we are watching COF credit defaults blowout.

Trading-Capital

This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.

Trading-Capital

Apple seems like it wants to fill the major gap around $163. This coincides with the trend range its been chopping in as it makes lower highs & lower lows. Since Apple has the heaviest weighted market cap it often does the heavy lifting in the market.

Trading-Capital Updated 

Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by $300B & rates continuing to soften substantially. Bitcoiners are front running a Fed pivot and buying up this rally. One thing is for sure their is still major technical resistance up ahead and some consolidation is due.

Trading-Capital

Are we about to witness a technical breakout in the QQQ? Yields have softened, Disocunt window opened, heading into options X...lots of catalyst to rip higher. However Tech is overbought and into technical resistance.

Trading-Capital

Oil has hit some near term support at the weekly 200 MA but don't be fooled by this level. Its no longer a major support level. If tomorrows weekly close closes outside of the white wedge pattern this chart looks extremely vulnerable to more downside.