TLT is in a symmetrical triangle and formed triple top just below 200 days MA or as we call it BigRed. TLT or 20 years bond is losing momentum, especially after job reports on Friday which is an indication of still hotter inflation or better say probably an increase in the FED fund rate in near future. It moves from the bottom really nicely on speculation that...
AMZN had a nice and strong drop just as it was analyzed in the last report and in our Hot stock pick report. AMZN is still in a huge falling wedge which is a bullish pattern when and if breaking the upper trend line, however last time it touches that trend line it was rejected with a "hammer". Price had a healthy correction to 0.5 FIB, and at the same time, it...
JPM is in a rising wedge which if broken is very bearish. Blue dotted lines represent ex-trend lines and I put them here so you can see how the trajectory of rising is slower and slower (weaker and weaker) and eventually will reverse completely and will start falling. At this stage, JPM is ready for topping or is already done and is prepared for the major drop...
Bitcoin weekly after a breakout of the falling wedge, which is a bullish pattern, the price climbed to the resistance level which we mentioned in the last weekly report which you can see in the link below. The issue is most of the volume on this powerful breakout was short covering and short squeeze, not the real buy-and-hold volume. At the moment weekly volume is...
DXY daily yesterday finished above 50 days MA and more important above the trend line which was mentioned in the last few reports, the trendline which was formed in summer 2021. If the dollar continues its move and doesn't get rejected from this level, it would represent extreme power for the dollar as a drop below that trend line would count only as a fake out/...
QQQ after the major pump, and breaking out of the channel returned here and formed doji, as same as the whole market is not sure what is going on after Friday's data. Will this be a healthy bull pull back or this madness move after the bad financial report was just a pure bear's capitulation and we are ready for a new leg down, time will tell. With a sell signal...
DJIA daily is still in its symmetrical triangle and just can't move up or down from it. 8, 20, and 50 days MA are coiling on the same levels and will produce a major move in the one direction. Breakout or down should be strong and fast. It is very close to the end of the triangle but it seems it is more bearish than bullish. Just the fact it can't move away from...
SPY gapped down in the morning and the whole day and wasn't able to decide where it want to go. The market is in mess at the moment and for that mess is Powel guilty as he wasn't direct last week. Are we saved or we are in huge trouble? He has to choose a side today otherwise the market will stay in chaos without direction. Price did find support at the 8 days MA...
US 02Y is close to breakout from the bull flag. After reaching the top, the price of 2 y did consolidate but never dropped hard. After consolidation on this level, it seems it's ready to break out of the bull flag which would be very bullish for 2 Y but bearish for the market as a whole. Remember, even though a lot of retail traders follow FERD, they should follow...
THE CONSISTENT TRADES analyze CMCSA as a bearish /weak fundamental stock and therefore would be traded only in a short position. CMCSA is in a rising wedge pattern which break could be bearish and fast. It enters into resistance from gapping down and fills most of that gap. If rejection continues and the price fall below the trend line, the short opportunity...
THE CONSISTENT TRADES analyze ANF as a bearish/weak fundamental stock and therefore would be traded only in a short position. ANF daily is in a rising wedge pattern which after the breakout is very bearish. On Friday it shot up but got rejected from the trendline and formed a shooting star reversal pattern. Volume does not confirm this price action which is...
XLF daily - there is more and more chance that financials will drop hard and fast. It just can't break out of the neckline and continue it's moving up. It pops twice in the last 3 sessions above the trend line but those trend lines are very strong resistance areas. XLF is close to decision time, meaning will bulls win and this will trigger an inverted Head and...
THE CONSISTENT TRADES analyze SHLS as a bullish/strong fundamental stock and therefore would be traded only in a long position. SHLS is inside a symmetrical triangle which would be bullish when a breakout occurs. Even though it is bullish fundamental stock, its price moves are more bearish than bullish as those red days are on big drops while volume is bigger on...
EURUSD had several months pump and now it's come to the end. From Nov 2022 it starts to form a rising wedge pattern which is very bearish when breaks. Breaks were made on Friday just as it was predicted in the last analysis. The break was on massive volume and on massive candle just as it should be which is very bearish. It is below 20 days MA which is bearish,...
DXY had very strong and powerful breaks out hard from a falling wedge which is very bullish. Pretty soon DXY will meet with a resistance level that could act as resistance and that is 50 days MA and a rising trend line which was supported from summer 2021 till a few weeks ago. On another side, it breaks 20 days MA so it could boost the price. After the report for...
The dollar breaks out hard from a falling wedge which is very bullish. Target just for the falling wedge is around BigRed where will dollar meet with a big resistance level. Chances to go there or even higher are great, especially after such strong Nonfarm payrolls and unemployment which indicate FED will have to continue with interest rate. With dollar 1, 2, and...
TSLA had a great rise from the button just as was predicted in the last two analyses, and after the report, it was even more bullish than was analyzed. TSLA had an unhealthy rise from 100 to 200$ in 3 weeks, which will now be likely corrected. Not only 200$ round number was strong resistance but also support and resistance from Oct, Nov and Dec were too strong...
ORCL daily didn't change too much from the last report/analysis. It is still in a rising wedge and prices arrive at the end of the pattern. Even though the market had an extreme bull run the last 2 weeks ORCL didn't move too much. Once the price breaks the lower trend line, it would be a very nice short-sell position with a very big reward-to-risk ratio as major...