Buythedip
Market Firesale! - Buy the dip?The broad indices (S&P 500, Dow Jones Industrial Average, and the Nasdaq) sold off today led be profit taking in the tech sector... at least that's the story. However, regardless of the reason, the facts remain that prices are considerably lower than where they were yesterday! You can take a look at the individual stocks that comprise any one of these indices and find that the majority of them are down. The only question that remains is will there be a continued selloff carrying into tomorrow? or is this our long awaited correction? If this is our correction, do we buy the dip?
If anyone attempts to answer this question telling you that they know what will happen tomorrow, they're lying. All of my indicators could by flashing BUY BUY BUY and tomorrow could still up being another down day. That said, take a look at the chart of SPY above. It has been a while since we have neared the 21 day EMA. It has yet to reach it but it came very close today. These EMAs are not self fulfilling by themselves... only if enough people take action on them. So more than likely we could see a continued sell off to the 21 EMA tomorrow. I think the 21 EMA is where the SPY is heading. We have had 5 months straight months of gains...
Options at this point are overpriced since the VIX is spiking as a result of the selloff. So bulls should think about selling put credit spreads rather than buying calls out right. If we pull back to the 21 day EMA... I think the markets will take their sweet time moving back up. Common option strategies for sideways moving markets include selling iron condors, iron butterflies, and straddles... These strategies might not be a bad idea since Theta decay is on your side. If volatility is more your thing, then consider buying straddles, strangles, or long iron condors... but be prepared to pay a hefty price!
Rather than trading options, I think buying the dip could be considered for long term stock trading plans...mainly because stocks don't have an expiration date like options do. Take advantage of this temporary dip and take a look at your favorite stocks. Ask yourself if you are happy with the current prices. Imagine you buy the stock today and then tomorrow or even in the next few weeks, the stock drops more. Can you handle seeing that? If you are not sure what you should do, try reaching out to a trade coach for some assistance. Trading involves risks... so should you buy the dip? Only you can answer that question.
Breakout - Test Highs - Retest - Consolidation - Continuation -Yurlo (please hit that like button if you appreciate the visuals & idea's) 👍👍👍👍
Breakout: August 28th
Test highs: September 1st
Retest of previous support levels where breakout originated from: September 1st - 2nd
Consolidation: UNDER WAY
Continuation: Will likely start to pick up bullish price action after 11600 holds as support.
IMO
Ascending triangle = BREAK UP (BUY THE DIP & HODL TO 13.8k)Good afternoon folks - Yurlo
Hit that like button for me if you appreciate these calls & charts 👍👍👍👍
Did you catch the bottom?
11.8k - 12k looks like it's consolidating and turning into strong support before we break through 12.2k & 12.4k.
Short term target: 12.7k
Moving Averages:
20 / 12013
50 / 12083
100 / 12124
200 / 12087
(13.3k Fibonacci Level 0.618 & 13.8k target #2)
(12.2k will become support in the near future)
Remember guys, stick to your trading plan and TA. (if you go against your TA & react based on your thinking/emotion the market will win and you lose)
Be safe, and enjoy the volatility.
Gonna be glorious when we reach new ATH's!!!
I love you all.
<3
FIBONACCI LEVEL 0.618 (13.1-13.8) NEXT BULLISH TARGET'S7 HOURS UNTIL DAILY CLOSE - Yurlo (hit that like button if you appreciate the visuals I've been providing lately) 👍👍👍👍👍👍
I've called the last few major moves.
Next target: 0.618 Fibonacci Level
= 13372
Followed by 13.8k
Don't be greedy, take profits & place orders
below around key (support) levels
After 13.8k, the next target will be 16.1k
Last post of the day, best of luck to you all.
DONT BE GREEDY, TAKE PROFITS & BUY THE NEXT BUY (11.9k - 12.1k) I've got orders around the 12k area (BUY)
In bull markets we don't place sell orders or short (IMO)
I'll be taking profits, setting buy orders at key levels (support), and then taking a mental break for the day.
If you really think the market will allow this much free helicopter money to flow around I'd consider rethinking.
We've already seen a $700 USD jump in price today. (I think there will be buy opportunities at lower levels, although I could be wrong considering the bulls look strong)
I'll post an update in a few hours, going to clear my head and make some breakfast.
Enjoy your day.
IMO
7 Reasons to buy DXLG now!DXLG Destination XL Group, Inc. is a leader retailer in Big & Tall men's apparel. Company is publicly traded since 1988
The Monthly chart shows a buy setup in 7 different aspects
1) Massive buy volume in the month of July. Buyers are mostly institutions as you can see in the following link. As of today 70% of shares are held by institutional funds.
i.imgur.com
2) Absolute third bottom since 1998. The last time DXLG was at this price was during 2009 crisis. This is the definition of buying the dip.
3) Tom Demark Sequence reached 9th sequence. For those who know about TD Seq , numbers 8 and 9 indicate a reversal
4) 3 different divergences are formed at this level. MACD , VWMacd & MFI . This means price has to be higher according to these indicators but instead it went lower and created a divergence
5) Williams Vix Fix Indicator is used to identify the bottom of a trends. As you can see from the green bars that we reached the bottom and a reversal is imminent.
6) SToch RSI is bottomed and now picking up
7) MACD in the red area heading towards green
Cash Runway Analysis
Stable Cash Runway: Whilst unprofitable DXLG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DXLG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.4% per year.
Company got hit hard by COVID-19. Brick & Mortar stores had to close temporarily but sales continued through website and Amazon.com
In a medium term trade(1 - 2months) you can target a reasonable profit of over +25%, the longer you hold, obviously the more profitable it gets according to the past data.
As you can see the stock traded between $0.3 / $15 in the past.
Please do you own due diligence and remember it's a chaotic year, so always look for safe plays.
Does INTC deserve a 15% drop ?Bought in @51
+ A bull call spread Jan '22 @52.5/90 $4.89
Thesis: Fundamentals.
Impressive growth rates, ROI with solid financial health and valuation.
short term panic for delaying next-gen chip for 6 months. Doesn't deserve a 15% drop imo.
TA,
March level=45 strong support
Short term panic
People selling to buy more TSLA ;)
Medium-term hold
USD/JPY - Great Opportunity To Buy The Dip!Hello Traders!,
Today I've come across some short-term USD weakness which seems to be playing out as a bullish retracement for further impulses. In this instance I've located a great opportunity to buy the UJ pair with a great 50 PIP target. Lets see how it plays out!
What Is The Market Telling Us?
Market has reversed on previous bearish trend @ around the 106.600 level and has been trending upwards with higher lows
We have had a clear break and retest of our initial support which was previously respected
14EMA sloping downwards which confirms our retracement phase, MAs are still showing bullish sentiment for the market environment
When Should We Enter?
Since we are already in a clear break and retest phase within the market, we should look to execute BUYS soon
BUY as soon as we have a bullish closure above our initial support as it confirms support is holding
BULLISH WEEK COMING UP - SPX GREEN & OTHER STOCKSThe support from 8905 - 9250 is VERY VERY strong.
Whales have been accumilating and baiting in the bears before their next move to the upside where many 25x, 50x, and 100x shorters are waiting thinking they're safe.
News flash, its BTC. NOBODY is safe.
Have a good week ladies n gents. More charts to come around Monday's daily close.
VET - adder in the storm Hey everyone!
As you can see linked with this idea, there is already an open long position on VET.
Despite that fact, I could not resist to add on this dip and retest of the 89EMA - could have been early but once it flies, it's too late.
So would rather take the risk of the loss than let such a good opportunity go by.
Take care,
Vlad The Crypto Trader
$BCDA Down 99 Percent From Alltime HighThis is an emergency buy signal!
13 Million Market Cap!
Stock dropped 26 Percent Today Due to Stock offering. It wasn’t a bad thing, however investors were afraid and sold. Therefore this is a great entry as price is expected to bounce back for profits.
Target could be 10 bucks
NOVNNOVN sitting right below 50 ema and above POC 100 ema around .64 & VPVR is non existant above .77c
LONG - Dow Jones Industrial Average (DJI)Hi there!
This idea/trade is pretty simple and it comes up few and far between. It is strictly based on price and nothing else. Human nature never changes and it's interesting that the two times this has happened in the past were also during "panics". These trades typically last a few months so just keep that in mind. The details are below.
All the best,
Andre
CHART INTERVAL
2W (2 Weeks)
THE SIGNAL
When the close is more than -3 standard deviations below the 20 period linear regression on this time frame, it indicates an amazing long opportunity. The exit is a 2W close above a 10 period simple moving average.
THE RESULTS
This has only ever happened twice:
First Time
Entry: November 11 1929 @ the open (220.39)
Draw down: -11.36%
Run up: +24.78%
Exit: February 2 1930 @ the open (270.54 +22.76%)
Second Time
Entry: October 26 1987 @ the open (1839)
Draw down: -5.72%
Run up: +13.00%
Exit: February 29 1988 @ the open (2032.20 +10.51%)
THE RISK
As you can see from the trade draw downs the maximum is -11.36%, of course it is absolutely possible to exceed that.
**Important: Remember that leverage increases the draw down number... i.e -11.36% with 3x leverage is -34.08%***