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Waste Management WM uptrending since prior earningsWM is impending earnings in the next trading day. It is a demonstration that there is money to be made in the efficient collection of garbage and recyclables On the daily chart, since the earnings beat, it has trended up through a high volume area breakout and a breakout across series of VWAP lines and bands anchored in the intermediate past. The volumes have been consistent. The RSI indicator shows both the lower and higher time frame lines above the 50 level since those earnings. I see this as an add to one of my investment portfolios as it is a relatively slow mover with dividends. On traders with long duration swing trades will pay attention to it. An options call trade in the lead up into earnings will mature on February 16th This is a blue chip stock; it does not get headlines it just works hard month in and month out. In my opinion, nothing is wrong with that.
NYSE:WMLong
by AwesomeAvani
Stock Market Logic Series #6Use earnings reports to your advantage. As I discussed in previous ideas, the big money at any given time will be entering the market or getting out of the market. Never both. When the earnings report is good, and the stock falls down => big money used it as a good advertisement to get out. When the earnings report is bad, and the stock goes up => big money used it as a bad advertisement to scare other people to sell him their shares, thus he gets it. This is the logic, and this is what you would have done if you had a lot of shares to buy and sell. Trading is a business and as such it has the same functions as regular business. The beautiful thing about the earning of the BIG CAP stocks, is that they give you a very high probability of direction to the market indexes. This is a situation where you "know" the market is going to move a certain way. Most of the stocks will follow the index direction. This gives you a very very good day trade opportunity. TSLA is a big cap, so any move of her, will directly effect the indexes. This is why it is important to be aware of the BIG CAP earnings reports. If you monitor those earnings you will see that you can gauge with very good accuracy and confidence what the market will do on a specific day. And milk the market using a day trade technique. I attach to you how the earnings report of TSLA which created a gap down. Pulled all the other stocks down also. This is not a coincidence... Your thought process is: - earnings report of BIG cap is out - This will pull the market to certain direction and bias - I "know" the bias with confidence - Odds are in my favor this day :) - Day trade See the strong DOWN bias of all the stocks... Moral of the story: You should be AWARE to the BIG CAP earnings report. It makes or breaks your day...
NASDAQ:TSLAEducation
by ZoharCho
4
TSLA Likely Started A Bear MarketI think in the last month we are beginning to see certain sectors of the market starting to crash, mostly technology sectors, like TSLA, AMD, NVDA, INTC,... You really don't have to be expert chart analyst to see that the whole stock market, especially technology sectors are extremely overvalued. It has never been anything like it, really for the past 90 years. The closest thing stock market has ever experienced I've warned with my previous ideas about what chart patterns are being printed on the major indexes like DJI and SPX. Both are in the stratosphere. Usually the first to finish the bull run are the big caps, from where money rotates into other sectors that are not that overvalued yet. I still expect the DJI to rise about 8% till finish so it does not mean that the whole stock market is bearish... TSLA probably is. It has reached beyond the full fib. extension over 6 year price range. It also made a standard top formation, where it makes new ath (Jan. '21), then have a first major profit take, makes another new ATH that is only slightly higher from previous one, then it starts a bear market. I will show examples later on on such tops. If it crashes into 600-700 area expect the price to retrace closely to 1k area, before the real crash began. Prices could eventually retest green rising trend line. I am not a financial advisor so non of this should be taken as a financial advise. NASDAQ:TSLA
NASDAQ:TSLA
by CR35
Deep study on SID for a bullish setup.Today we will show you our research on SID looking for statistical patterns on price historical data. First: We have defined all the cases we want to study. In this case, ALL the corrections above the yellow horizontal line with a retracement higher or equal to -20%. Also, we have defined the duration of each of them. Second: With that clear, we will check each of the bullish impulses with all the possible setups we could have taken The last picture is the current situation. What about the target? The previous impulse reached its top really close to the Fibo Retracement. So, we will be using the same logic to define the current target. Of course, we will go a little bit lower just to be cautious. Final Setup The conclusion we are observing is that from a statistical perspective, Trading this structure above B (even higher) is worth the risk considering that we can have a 1:3 risk-reward ratio with a situation that has been proven successful since 2006 until now. Please comment your idea or any flaws you can find in our view. Thanks for reading!
NYSE:SIDLong
by ThinkingAntsOk
3
Just a little bullish sign I usually use this chart to see the health of the stock market. The INDEX:MMFI is a good indicator to see if an uptrend is backed by the mayority of the stocks that play the market and not only the big caps leaders. This little divergence between the price action and its RSI shows that this indicator may go higher. Although, is a short term time frame so I'm still very cautious about getting in again. Another good chart that I looking is the quotient SPY/UST, and recently it made a breakout to new highs. So, here are to bullish signals for the overall market. Still, the volatility is to high so, be very picky with the stock you buy or short.
M
by dpuleo19
Xilinx $XLNX close to test supportToday near the close took place a correction for some big cap stocks, but in the last 20 minutes there were a lot of buying action. Xilinx NASDAQ:XLNX was the perfect example as it dropped -3% but closed at -1.70%. This could be because is close to a support in $142, which was an ATH on 2019 that couldn't hold and then dropped hard for 14 months. Now it has gain +64% since it cross its 200 day MA and last week broke out the $142 resistance, all good news for the stock. I don't know if the price will continue to respect the 20 day MA line but, for now it has, so it could be a good buying point. I think I'll wait until it confirms this point to buy. The price action is been divergent from its RSI for while, you can never be too careful.
X
by dpuleo19
ADABTC: Cardano Breaking a Massive RangeNot sure that it's a good idea to buy something (especially altcoins) at resistance but ADA got my attention. Ada is only gaining momentum after breakout the nearly six-month range and with good buying volume is heading to the strong resistance at ~650 zone (daily TF). And I think ADA has a lot of chances to do that especially because of the hard fork in mid-February and also we should't forget about the high involvement of users in the test stacking event. If it will be able to claim 650 level and close above it I'm targeting: - 700 satoshis (scalp trade) - 900 satoshis (swing trade) Invalidation at ~580 sat.
Long
by Bitduke
Ripple growth started1. In previous up test it was closing lower (lower high) so the trend was not clear event though tops were higher probably due to expectation that it should follow the other "big cap coins" 2. Higher closing price this time suggest we have reached the bottom 3. Other big caps already made the run (Litecoin, Ethereum,...) 4. Ripple usually late and has surprised in previous times also when nobody was counting on it At the moment these prices look like a perfect buy-in option. Stoch is down, trading volume average trend is up. Potential is at least to previous heights.
BITTREX:XRPUSDLong
by MJMeetya
3
Upside potential for Rusell 2000 Index from Past PerformanceRecovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline of interest rate increase in year 2017 which will be monitored every quarter and rate holding in Apr to June 2016 sending U.S. dollar index down towards end of statement. This resulting of sending stock market upwards DJIA approaching last height where it went before collapsing last round of trading. NASDAQ index has been booming upwards slope as well leaving where Biotech index laggard. The Russell 2000 Index follows the trend if you look at the graph presenting from year 2000 to year 2016 highest record, at the moment of trading today vs last height giving 16.38% upside for trading area but why Russell 2000 index would recovery better than DJIA or those big caps. It is because the small caps index has more volatility and potential of company growth better than big caps. The company are new to the market seeing high potential of expanding market share and it normally not reacting plunged from market sentiment.
ILong
by ausvin