13/Feb/2023 07:23 PM AUTHOR: Brandon Gum
Risk to prior lows. High probability setup with initial stop loss entry criteria.
Measured-move take profit established from the inverted%move of the October 2022, inverted at the neckline ~$175
Daily is a lot choppier than weekly.
Industrials are strong. Rising tide lifts all boats.
THis strategy only works if...
22/Sep/2022 06:59 AM AUTHOR: Brandon Gum
Possible for an easy move to $204 and then $175
Only thing I am uncertain about is that price is currently at long term value. However, it did reject 2002 lows and is already down 30%.
As long as price is below value at $225 I think there is risk to the downside
24/Sep/2021 08:22 AM AUTHOR: Brandon Gum
10 yr yield is breaking out.
This is after they were down 5% on Monday of this week on Evergrande default contagion fears.
Fed met this week. They indicated tampering(?)
Sentiment trader suggested that lots of money managers are not positioned for a move higher in rates and to be careful of your positioning and know...
15/Jun/2021 08:22 AM AUTHOR: Brandon Gum
There seems to be some rotation into growth possibly under way. If we continue to see this inflow this name will perform well.
2 stop loss trade mgmt here, marked in pink.
Measured move target.
13/Feb/2020 09:03 AM AUTHOR: Brandon Gum
If it can stay about 51.25 we could see 53
Expect outperformance in high beta E&Ps during this period if it does. Started to see order flow into those names starting Tuesday of this week.