norok

92:38

norok Wizard

To trade... or to DCA (dollar cost average)... that is the question. I want to explore this using Bitcoin (BTCUSD) as an example. We will also dig into the deeper reasons that banks are under stress this week. All that and the weekly market update.

norok Wizard Updated 

Bitcoin BITSTAMP:BTCUSD has pulled back to the Major 50% Retracement of the January rally at 20360. This is a key Support level that must hold to continue the bullish trend. Watch how price behaves at this level. If price holds the level (closes today above) and remains above then the bull case remains intact. If price closes below the level for 2 or more...

norok Wizard

I have been watching SPY and /ES pull back from February's malaise, following January's rally, and it has now gotten to the key 50% Retracement Level of the October - January trend. My spike indicator also triggered on this morning's opening 30 minute bar. This sets up a textbook long trade in the SPY itself.

norok Wizard

With VIX ripping on today's bank FUD the IV Rank and IV Percentile of SPY is the highest in a year's worth of trading days. This sets up opportunities for premium selling that have not existed for a very long time. Rules: SELL the 20 Delta Strikes at 45 DTE or greater in monthly expirations. BUY wings at 10 Delta Strikes same DTE That ended up being: SELL...

74:32

norok Wizard

Financial stocks are taking a hit with the collapse of Silicon Valley Bank. Is this a sign of contagion or a buying opportunity? Cryptocurrency is down across the board. Is this also a buying opportunity and if so, for how long?

69:55

norok Wizard

What a close to the week... Stocks UP/Crypto DOWN! Market update plus futures day trading on the docket today!

norok Wizard Updated 

The month of January saw a huge RIP on Tesla NASDAQ:TSLA lifted by broad stock market bullishness and Artificial Intelligence buzz with the launch of ChatGPT (Tesla is widely considered an AI company rather than just a car company). February saw this bull trend stall at major Weekly 50% Retracement Resistance (see below) at 213. Price has tested and respected...

88:11

norok Wizard

Are markets trending down after a slow February? Stocks, Crypto, and even Bonds have hit Resistances and broken Supports. Let's look at what price does at levels to find opportunity!

norok Wizard

Centene NYSE:CNC fired off a signal on this morning's open at a "50 in 50" level. The most important level is the COVID Low to All Time High 50% Retracement which for the last few weeks price has been testing. This is an important multi-year level that the stock price needs to hold to continue to retest the all time high. To reduce the initial risk on this...

norok Wizard

I have been stalking NASDAQ:AMZN share prices for months now watching as it retraced from the All Time High down to a full 50% Retracement from the All Time Low. This is a pretty epic pullback level that took decades to create. The 6 month downtrend from 146 > 81 created its own 50% Retracement at 114 as Resistance. February earnings popped to this level and...

64:11

norok Wizard

Market update after a sideways week. Let's talk about potential themes for 2023: Artificial Intelligence and the BECKY index.

norok Wizard

Almost every year in the stock market has a "theme" for what sector or idea becomes to latest craze. In late 2020 it was Electric Vehicles, in 2018 it was blockchain, in 2017 it was pot stocks. Something going on in the culture primes traders' minds for this "thing" to be the hot item to invest in. Much Kool-Aid is drank as the trend progresses and any stock...

norok Wizard Updated 

This morning, the first trading day of 2023, I ran my S&P 500 spike scan like every morning. The spikes were skewed heavily to the bearish side with 99 Bearish Spikes and only 1 Bullish Spike. That spike was HSIC NASDAQ:HSIC . I like the context of this price action happening at the 50% Retracement of the bear move from the All Time High down to the October...

norok Wizard Updated 

BITSTAMP:ETHUSD fired off a spike signal on the 2 Hour timeframe (see below for trading timeframe). The context is that price is now back at the pre-FTX collapse high of November 5th, 2022. This is a key resistance and a price volatility spike at this level is significant and worth playing a short pullback from the January 2023 trend.

60:38

norok Wizard

Did EVERYTHING hit a top this week? Have we seen the end of the opening 2023 rally? Tesla, Bitcoin, Ethereum, S&P 500 have all come off key Resistance levels.

13:20

norok Wizard

This video is my strategic analysis for when I will be looking to buy my next real estate investment property. I use the Cash-Shiller Index, CPI, and charting techniques of mean reversion to create indicators I will follow in the years ahead as real estate trends downward following the rise in mortgage rates and fall in home prices.

93:45

norok Wizard

This week: another rate hike and super strong jobs data to close off a bullish January. Has the market reached a point of maximum elation?

92:00

norok Wizard

JPow is back again for another monthly market moving money printer speed measuring!