GLD Cup and Handle - 4h indicating bullish, target 230, when? we don't know
This is a follow up to my previous post about NASDAQ:TLT and AMEX:TMF showing also backing my thesis from a more technical level. I really think this is one of the best risk rewards on the market at this time and also acts as a hedge against stocks if we get bad market news
Daily chart looks like its going to start another run up with the algos on the SMAs looking positively sloped. However looking down at the PPMs tell a different story. PPMs 1 and 2 are still in trend mode, however note that PPM1 is below its 1st derivative so while price can still continue to go up, it looks to be a wealth transfer. PPM2 is still going strong...
Building a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one
XLF normally moves quite slowly, but we may may be at a moment in which that accelerates substantially, even improving on what has been a phenomenal year. Weekly - Daily - The EW path drawn is what may be expected most commonly - we're looking for that or better.
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...
With the Bitcoin ETF's becoming a reality, there are many new crypto related assets such as BITX provide you exposure to 2x leverage to Bitcoin. This provides traders with opportunities to scale their position, without the risk of liquidation. Ive been waiting for the market to retrace, and perhaps this drop on BTC touching GETTEX:59K , with big news ahead for...
We've seen a wild +25% rally since Oct 2023 in SPY. Honestly, I did not expect this move back in Oct, especially since we broke down below the MAs and they acted as resistance for 3 weeks. However, the market doesn't care about what we think it will do. I don't like calling tops, but nothing goes straight up. With the crypto market building up hype as well, I...
Right now rates have probably peaked or are close to peaking I strongly believe vehicles like NASDAQ:TLT or AMEX:TMF provide some of the best risk reward for a long swing trade for the next few months. TLT is especially attractive due to its Yield being over 4% at this time. If any fear of recession comes into play over the next year these trades will fly....
see chart of UVXY, which tracks VIX. we're at an important FIB level and long-term trendline. I'm long as of now.
Long term bullish on Utilities, but this is quite the move over the last few weeks. Looks exhausted with the latest Friday candle forming a -> dark cloud cover. Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this. Trade: Short term pull back -> bear credit spreads
Currently, the candlestick is in a consolidation phase. However, based on the trend analysis and observing the support and resistance lines, there is an opportunity for an upward movement. In the resistance direction, the price is likely to rise to 524.61. And if the direction reverses to a downward trend, the profit-taking point for the downward leg is at 466.43.
Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone. SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square. The Linear Regression + RSI indicator had a potential bottom signal without confirmation of...
Today SPY quickly broke out of the downtrend and even broke above the already formed bear flag. Volume was low last week, but SPY closed strong, pushing all the way up to $520. It's crazy to see SPY now considering what the market was like a few weeks ago. The bear gets squeezed again. I'm skeptical about this rally, so I'm basically not going to do anything...
AMEX:SPY May 16, 2024 15 Minutes. AMEX:SPY opened gap up. Since long was confirmed as the rectangle was broken out the previous day, i waited for a good close of bar. I bought around 527. I had earlier marked the extension for the range 515 to 522.66 to 519.74. This gave a 1.618 target as 532. For the day, since I always believed gaps are strong if not...
Just because it has landed on the support line or resistance level does not mean it must rebound or heads south. As investors, we must know that these are based on historical patterns and past history is not a representation of the current market conditions. Thus, it is wise to take a small nibble , say 10% of your capital if you had done your homework on this...
based on weekly chart, we see a clear cup and handle pattern play out in this IHAK ETF. If you are getting hyped up to go LONG , be patient and not get on the high price train. Wait around for the price to retrace to around 44 price level first or possibly it might drop even lower considering the bullish trend for AI, Tech stocks has been rallying for quite a...
Based on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay. We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution. The Chinese markets are bottoming out, and it's a good time to...