I was looking at a trade today for a member of my social media. NYSE:UBER looks to have stalled at 52.35 which is right at the 50% Retracement of the recent down move. This if following a retracement of the last bull trend which was around the same zone as the IPO first weeks' price action highs. Price could in the short term retrace down to retest the...
I like the lower timeframe pullback to the longer timeframe pullback on NYSE:TSN for a long trade.
Stalking NYSE:SNA for a potential reversal after a sharp selloff
Took a small position to play the 50% of PHM that I've been watching at the level for the last week.
NASDAQ:FITB Hit an alert for a 50% Retracement level. I stalked it for a lower timeframe, 30 minute, entry which it hit today. Looking to play the restest to the top with a small risk.
Come Monday going to look at a position in XBI (if it has not gone too far). Pulled back and spiked at the Weekly 50% Retracement that matches with prior price action. Stop needs to be just below the low of May 11th. The industry for this ETF is Biotech. This should make Cathie Wood happy.
NYSE:WEC triggered a volatility alert this morning. The level it is at is a former Resistance that has been turned into confirmed Support. It is worth a long trade off this level.
Every day I scan the market for individual stocks within the S&P 500 index AMEX:SPY for short term volatility either bullish or bearish. I have begun compiling these signals into a derivative indicator. This morning's score was a -11. The last time the indicator signaled -11.20 was on 4/16/2021 which preceded a few days of downside in the market. This...
We shall find out just how good the 50% level is come morning...
NASDAQ:MKTX set up a 50% Retracement level that matches with prior lows. This yields a clear trading opportunity to play support with risk below the lows and targets towards the prior highs.
NYSE:HUM Humana's post earnings run-up has pulled back to a 50% Retracement level and held this morning along with a volatility spike.
The TVC:VIX hit a retracement level today that is drawn based on the VIX high of March 4th which was the most recent major swing low of the year on the SPY. The VIX, otherwise known as the "fear index" can be often be used to time the movements of the SPY and the broader market as it has an inverse relationship.
Have to point out where DOGE found support... 50% and prior highs!
Setting up alert for a pullback level around 55 for NASDAQ:HOLX . The timing could put this around July earnings.
FE triggered a scan this morning for stocks pulling back to a bearish 50% Retracement level on the Weekly timeframe. It just so happens that the same bearish pattern (big move, pullback to 50% retracement) is playing out on the lower timeframe at the very same time. This presents an opportunity to enter a position with risk based on the 30 minute timeframe...
NASDAQ:ATVI is one to watch tomorrow on earnings. It is at a 50% level now at the close prior... but does not fit my TA rules for a long based on Ichimoku timing. Also, earnings can destroy even the best of setups. People played (and bought) a lot of video games last year but will that continue?
A spike down followed by a bullish hold of the 50% retracement at the bottom of the Ichimoku cloud looks bullish for NYSE:CMI to retest the top.