Hellork

Hellork

Volatility is near record lows. Low VIX is often associated with market tops. 0day options have been pushing VIX down further than normal though. Judging from the many solid candles on the monthly chart, the month often closes near tops and bottoms. So there should be plenty of time. The writing is on the wall. But it would not be surprising to see stock prices...

Hellork

Looking at weekly, IWM spent its history up thru 2020 in big, red box. Then it spent exactly one year in the upper box. Two years in the green box. And 2024 went back in the upper box. It's now at the bottom of the upper box. The implication being that, although it has strayed outside the boxes for a few weeks at a time, it seems to have returned, and mostly...

Hellork

In the past, Two Bits (two red weeks) has resulted in a 3rd red week. For this analysis, we need only two bits of data. Up, or down. Using 1st and 3rd std. dev. linear regression reveals the pattern. Yet trying to avoid holding onto an emotional bias. Looking at short positions will depend on how price behaves on key times, such as opening sessions and news days....

Hellork

We have identified a zone of support and resistance on New Egg (NEGG), an e-commerce platform we visit when building computers. According to Nick Shawn, a popular trader on YouTube, support and resistance zones are merely a location that is convenient for setting up a risk vs reward structure. Since there is no guarantee. Price could go either way. Zones help him...

Hellork

Here we have what looks like another expanding top forming with ABC correction. If this plays out, we will look for another bullish candle at a support zone, followed by an open higher. Buys moving up from there could signal an opportunity to join the momentum.

Hellork

We are stalking prey with this volume analysis. Shhhh! Quiet periods in the volume forest might reveal the movements of big game. And during a large-volume stampede, their movements are unmistakable! So be aware of your surroundings. And keep bows at the ready. Note unusual activity, especially where a start or end of a trend is expected.

Hellork

DXY breaks key level, re-closes above center of channel. Three drives pattern begins to seem probable above these levels. Dollar fluctuations seem to correlate inversely with indexes.

Hellork Updated 

Zillow is at a prior resistance point, at a whole number of $50, at the 100ma weekly. A bearish candle could close the week with a rejection wick. Given these confluence factors, economic outlook, search analysis of fundamentals, and the condition of real estate markets, I'm going to prematurely arrive on the scene, and pronounce it a short. There is of course a...

Hellork

We can see the early start of what looks like a rejection forming today in MAR. With strong performance leading up to a key order block (OB) level. We see a candle with a long, upward tail, indicating that some selling has occurred. Investorplace has been recommending selling stocks like MAR at or near the 52 week highs. As time goes on, other stocks may show...

Hellork Updated 

Good morning, probably, where you are. So it appears that charts have patterns. And those patterns mimic ones found from other sources. Such as this image by an artist known as "Kadey", that has been floating around Reddit. These patterns line up because charts are part of existence, and they follow the same rules as existence, such as the bell curve, Fibonacci...

Hellork Updated 

Setups are not guaranteed, considering the recent attempts at a trend change by bulls could hold things up now. Wish I had seen it sooner. Interesting possibility of a trending pattern though. A pattern of trends? A fractal forest for the trees. Do with it what you will.

Hellork

Trading eggs is okay, but it is more fun if you decorate them yourself. There are many possibilities. A little color can go a long way. It is important not to overthink the design too much. Just let it flow with price and volume. Watch the color as you dip it. Once you see volume building, it's time to finish the egg and let it dry. The possibilities are as...

Hellork

We are looking at some divergence on the MACD this week. The similarity of this activity with prior weeks, along with candle wicks, prior support, double bottoms, and market sentiment, could be pointing to weakness in the downtrend. A break out of this bearish channel would lend some credence to what we are seeing here.

Hellork

There has been some divergence showing up on the daily chart again. This, in conjunction with candle wicks and prior resistance, may have been interpreted as a slowing of momentum and a possible dip buying or slam play opportunity coming up. A break below the upward wedge would confirm.

Hellork

This chart demonstrates beautifully how better results might be obtained by using candlestick reversal patterns instead of just blindly following a lagging indicator. DISCLAIMER: This is not a trading strategy or plan that anyone should use out of the box. This is not investment advice, but please establish your own entry and exit rules for the securities you...

Hellork

Volume on TVIX has been dropping off. This might suggest that buying and selling is approaching a turnaround point, probably by week's end. But the problem with using timing as a sole criteria is prices could fluctuate wildly during periods of high volatility. And stops could be triggered.

Hellork

As February draws to a close today, markets have taken a swift and decisive beating. Some stocks that comprise the S&P index look (Boeing, Cisco, etc.) look like they could close below the 200-period weekly moving average (MA), coloring them bearish. The S&P is currently at or near Support 1 (S1). With some stocks pinned below the weekly MA, index recovery...

Hellork Updated 

Captain Obvious points out that VIX is in a large wedge formation. Notice that previous times VIX broke out of a similar wedge, volatility increased and stock prices tumbled. If this correlation suggests anything, look for something to happen around the Ides of March (5/15). Until then, are we to suppose low VIX might just keep correlating with bullishness? Going...