dorfmanmaster

dorfmanmaster

AMD is forming a reverse head and shoulders. If we can break the ATH resistance on good volume, AMD will probably keep rallying. RSI has been trending higher, but it is not as high as it was in its past peak. (short-term bear). OBV has been trending higher, and its current value is slightly higher than its previous peak (short-term bull). Keeping on a watchlist.

dorfmanmaster

GILD has seen positive price action YTD; due to combatting the COVID-19 with their drug Remdesivir. Yesterday on the news, the trial on humans which was set in China to prove the effectivity of the drug, apparently "failed". However... The price just took us to the lower part of the channel , meaning the Risk-Reward-Ratio is at a good stance. A close below...

dorfmanmaster

Healthcare has been a leader YTD, as it has the defensive nature and is gaining momentum on the spread and containment of the COVID. Also, negative sentiment of the healthcare sector regarding the opioid crisis (which seems like a long time ago now), and politicians creating regulations for insurance reform; has now subsided. Inside the XLV, IHI (medical devices)...

dorfmanmaster

The volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom. We are also trying to move out of a logarithmic moving channel (400%+ in less than a month). The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the $VIX and the $SPX...

dorfmanmaster

ERIE's chart seems to work on overbought levels. The chart mark the levels where the RSI is overbought, and when it goes back to under 70. Using these as signals have worked well in the past; of course past performance is no guarantee of future results; and Implied Volatility is over 400% higher. OBV has stayed in its upper channel ( Bull ) 200sma is working as...

dorfmanmaster

The 3 leaders YTD have been (in order): Utilities, Healthcare, Staples; which happen to be the 3 most defensive sectors, who tend to outperform during a recession... Inside the utilities sector, the Water industry is the leader. CWCO has a beautiful looking chart, setting a strong support after making a double-bottom, which immediately after, made a bullish...

dorfmanmaster

Normally when we see a such massive drops in equity, the on balance volume also trends down. OBV is reaching a 2-year high, as we have dropped over 30%. This divergence suggests pharmaceuticals could outperform as the market starts consolidating. ---- Regarding the volatility due to Medicare for All proposal, supported by Bernie Sanders, it seems highly...

dorfmanmaster

Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50% As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID. For example: People buying masks, hand sanitizer (CLX) People are staying home to work (ZM) People are staying...

dorfmanmaster

As the PPH dropped 15% below the 200sma, OBV barely moved lower compared to the drop. (Between purple vertical lines). This is considered a Bullish Divergence . Now with a strong pullback, we are half way to reach past highs; but this time with an OBV we have not yet seen since Feb, 2018. Ready to buy the dip!

dorfmanmaster Updated 

DCO has a beautiful looking chart! It has been in an uptrend channel since the beginning of 2017. (check chart for more details) Earnings report trend are usually positive surprises, that have maintained the trend so far. ------- I would consider entering a position if we brake SMA(50) on a daily chart, with strong volume. (currently at $45.3) Have a great...

dorfmanmaster

WYNN is one of the stocks that has been beaten down the most with the outbreak of the COVID19. We are now testing a previously held support. In the chart, I have drawn resistance and support levels; risk reward ratio is attractive, but momentum is not on WYNN's side. Keeping on a watchlist for a bounce play.

dorfmanmaster

This is a very long-term chart that goes from 2001-Present. Every red arrow is a sell, every green arrow is a green. Trading with this method has proved to be very useful. The 12EMA (purple line) represents a 1 year exponential moving average. Follow the $SPX below. (black line)

dorfmanmaster

CAH showing strong up-trending OBV, while forming a bull flag above the now support at $57.5 Earnings were a beat on result and guidance.

dorfmanmaster

Crowdstrike is moving upwards as analyst DA Davidson upgrades to a fair value estimate of $75 from $58. Coincidentally, we are breaking out of a triangle formation.

dorfmanmaster

Zoom Video Communications is making a really cool flag. There is about 20% to get to all time highs. Projected moves aren't made to make a trading plan, but it certainly helps to have them on the background.

dorfmanmaster

Summary We have tested $126 over twelve times since December 16th. Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs. Technicals RSI(14) @62.5 showing relative strength but not overbought OBV is trending higher confirming the move To set a short-term target. You can measure from the bottom of the...

dorfmanmaster

I follow a CFA from Charles Schwab, who uses this signal to establish negative or positive sentiment. To notice how it worked in the past, I have added the S&P500 trend line. The idea is as follows: When the upper Bollinger Band (with a 50 period and 1 standard deviation) on the $VIX turns higher, that is a bearish sign, and when it turns lower, the SPY tends...

dorfmanmaster

NNVC news Flu vaccine makers' stocks jump following the outbreak of coronavirus from China. World Health Organization accelerates diagnostics, vaccines, therapeutics for coronavirus. There are 2 main stocks trading on heavy volume caused directly by this new possible pandemic: CODX NNVC