The Analysis is quite simple! ×The Supports taken by the Trend is key factor in this Trade. ×3 Supports has been taken since DEC 2013. ×Patience is required to Trade these Patterns, definitely not for Intra-Day rather go for Swing-Trades. Tata Stock!!!
Today's price action looks to close the Day and Week below the key level of 12400 on the Nasdaq CME_MINI:NQ1! which is the line in the sand 50% Retracement of the Summer 2022 Rally. The rally topped out mid-August (see post below). Today's intraday price action showed a potential rally to recapture the level only to turn and reverse thus confirming the level as...
NYSE:UPS Triggered a spike alert this morning which is happening at the 50% Retracement of the Post Earnings Rally. (see below for Daily higher timeframe context) These are the real "earnings plays" that can yield positive returns rather than trying to buy a guess on the day before. Trying to buy or sell the day before earnings is a guess but very often...
For certain stocks I have Spike alerts setup on multiple timeframes to find opportunity. Today a Spike Alert triggered on the 2 Hour Swing Timeframe for NYSE:JPM . Where this spike in the opening morning price is occurring is at the 50% Pullback to the post Earnings rally. I was able to put on a position at the 50% proper this afternoon. This sets up a very...
This details my newly coined setup The Counteryeet :D This morning my community and I were trading CME_MINI:ES1! futures on the 1 minute timeframe in line with the context of the broader higher timeframe price action. For context, right now on the Daily the stock market is in a bearish trend. Price pulled back to an Ichimoku Kijun Sen which represents the 50%...
Today a member of my social media pointed out that Silver may be setting up for a long trade. I like the price action on the Daily where Silver instruments (futures and SLV) have broken the 6 month 50% Retracement Resistance at 23 and confirmed the break by holding above it for the last few days. This sets up a breakout trade to retest the recent major highs...
Silver futures COMEX:SI1! are right now holding a key Retracement level that aligns with the 2016 Major High around 21.00. This represents price holding support after failing many attempts to reach and break the highs around 30.00. Failing to hold and breaking this support would likely continue the bearish trend down into the teens prices below 19.90. Given that...
Buenos dias! I am back from a vacation to Panama (the country, not the Redneck Riviera) where I had a refreshing time and I'm ready to hunt for opportunities and share! Many great stocks have pulled back to their 50% Retracement Levels. If you follow my ideas you know that this is my favorite technique for finding opportunities in any instrument. I use a...
This week we watch for a potential reversal of the selloff in stocks based on VIX reaching a key Resistance. The lows of the year may be tested still. Cryptocurrency still fails to gain bullish momentum as Bitcoin and Ethereum give up supports from the recent rally. Oil may get a bid this week back up to the top of the recent range. Gold and Silver continue to...
Fedex NYSE:FDX is the latest stock on my radar to do a 50% Retracement from the COVID low to All Time High at 204.30. This morning there was a price volatility spike on the 30 minute timeframe (see below) to trigger attention to the setup. I am going to give it a wide berth to play the weekly level but start the position on today's down day.
Bank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see...
Entered an exploratory long inside the recent consolidation of the Ethereum/Bitcoin cross. This trade expresses my thesis that Ethereum is becoming the dominant coin in the cryptocurrency space and should continue the recent trend of appreciating against Bitcoin. BITFINEX:ETHBTC has recently been caught between two major Retracement levels and this...
Beautiful holds (THREE TIMES) on TGT level... Post-earnings 50% Pullback. These will be the opportunities to look for in 2022 ... when the market is slowly bullish you have to find opportunity in individual stocks around earnings! Any by "around earnings" NOT the day before!!! 😠 It means getting in weeks prior for runups and weeks after for pullbacks...
Back in February Facebook/Meta NASDAQ:FB dropped over -20% on earnings. This was crazy for such a big profile, mega-cap company and many investors though (and said) "Facebook can't possibly go lower" and used this justification to buy right on the drop. From a technical standpoint that drop blew past support and with so many people saying "Facebook can't go...
Way back in ancient market history; 2020 and 2021, there was a great clamoring for the latest and greatest prospect of human technological achievement... Electric Vehicle companies! Billions of retail dollars were thrown in a frenzy into speculative bets about "the future of travel". Well, we come to today and investors are relatively quiet compared to the old...
NIO stock NYSE:NIO , another 2020-2021 EV stock darling that has fallen from grace, came down on March 15th, 2022 to test its IPO day high of 13.80. Price has since rebounded from this level showing signs of respect for it as support. This week that rally has pulled back to respect the 50% Retracement of the reaction. Resistance is clear at the 50% Retracement...
Palantir NYSE:PLTR has performed a pullback from the recent rally. This came to my attention from a spike alert and it is happening at a 50% Retracement. This is a followup to my initial entry on March 15, 2022 when no one was talking about Palantir stock anymore (see below). This time in addition to the options position is purchased shares to hold for the long run.
I am late putting this into idea but last week I entered a position on the Australian Dollar / Canadian Dollar short off a Daily price spike. This spike occurred at the 50% Retracement of the last full year's bearish trend.