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You have to pay attention to this...So we are probably all aware of the stock market sell off that is currently occurring. It's likely due to a combination of things... The reflation trade reaching a short term top... The holiday weekend profit taking... And a bit of a rotation out of tech to value. Stocks have been hit pretty hard. And when stocks are hit hard... The financial media have a field day. The problem is that the financial media trot themselves out when the 'knowns' are available... That is, once the move has happened. So listen to this. Whenever CNBC releases their 'Markets In Turmoil' segment... The SP500 has an average weekly return of 1.5%... Over 3 months, that return jumps to 5.4%. And after a year... A staggering 20.8% average return after this segment. Guess what? CNBC just released this segment this afternoon. Now, I'm not saying this is a bottom (although it could be)... But it's something to pay attention to, alongside other factors that may prevent you from catching a falling knife. Being a bear is a tricky thing to be when the fundamentals don't necessarily support a bearish market. What I mean by this is that the risk free rate of return is all that matters - and that risk free rate of return tends to be the US 10 year benchmark yield.... Central bankers are very dovish, which means that they support more liquidity via monetary easing, which implies even lower yields in the mid term. No matter what you think of valuations - generally people think they're too high - the equity risk premium (the price paid above the risk free rate of return) is extremely low. Until this decompresses, risk will remain bid, and tech stocks will remain acting like sovereign bonds (acting like a replacement for this risk free rate of return). I think you can tell what my stance here is!
CME_MINI:ES1!Education
by FinkPro
1
walmart stock prices analysishello friends ! i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart . hope it will be useful for you . 5.31.2020
NYSE:WMTShort
by mohamad_mi
Watch the VIX, *NOT* CNBCI wanted to port some of my Telegram trading group's observations into a more public and archival format. I've been making observations about the VIX during this recent selloff. Through my years of trading I have found the VIX as an indicator can be a very powerful tool in timing the market and gauging the behavior of the market as a whole. I will admit, regrettably, that I partook in some dip buying on daily timeframe signals during the last week of February. Later in the week, that Thursday to be precise, a member in our group posted a tl;dr of what the financial media was harping on that day: "CNBC says buy the dip". I got a sinking feeling when I read that; my trades were not going to go well. I never watch or read CNBC myself. I prefer to work in silence plus I've come to see financial media as kneejerk ex post facto commentary at best and consorted misinformation at worst. The tongue in cheek meme is to do the OPPOSITE of whatever the talking heads are saying to do on there. Finding out that I was inadvertently going along with their recommendation changed my outlook immediately. Fortunately with this evaporation of confidence in my trades I was able to make some exits on March 3rd at losses and small profits. To observe and yield actionable info on a market selloff, rather than listen to CNBC opinions, I go to the VIX. The VIX is a great tool for gauging the FUD (fear, uncertainty, and doubt) in the market. If you go back and do a little correlative research you'll find that major spikes are typically short lived and when they coincide with support levels on the SPY/SPX they can yield some very good dip buying signals. When the VIX spikes it's also a good idea to just sell all your long Options... I can almost guarantee they will never be worth more again with the sweet vega push they received that day. On Saturday as I was charting the week's turmoil I wrote up an analysis to our group in which I noted, "The thing that gives me some concern is that instead of it being just a single day/week/month spike... we have two full weeks of sustained volatility illustrated by the bars on the weekly." I'm using the number of 52.5 on the VIX for reference to what I consider a "big spike". 52.5 is a little more specific than 50 because it's the product of an indicator I use but that's not germane to this post. The character of the 2018 and 2015 selloffs and subsequent spikes in the VIX had a common theme; the spike hit the major level on the VIX but remained just that... a spike. When I say spike I am interpreting the long, tall wick of the candlestick on the Weekly bar. Subsequent candle closes of the weeks that followed lacked real follow through above the level or a thick bullish bar demonstrating more FUD. That was not the case of last week's candlestick. It had some staying power and closed as a bullish candle. This was ominous to me. The best selloff to compare it to, at the risk of being meme-ish, is 2008. That rise and continued period of increased volatility had some solid bars to represent weeks of sustained volatility and FUD. A lot of factors are contributing to this volatility. Three things, I think, really: death, energy, and elections. Once the media has squeezed every view and click it can out of this you can expect that factor to fade. How long that will take could be a while. The DNC race has been a snooze fest and rent's due. Also, thanks China! In an otherwise bull market the prospect of cheaper energy would be a bullish signal for all but energy stocks. However, that can take a quarter or two to really get the sector rotation effect going. The extended term fact remains that being an election year there is going to be a lot of generalized uncertainty that will ebb and flow with the way the media reports on the national sport of politics. The VIX is mean reverting so in time it will certainly revert; albeit I believe higher through the year than we've seen in a while. TL;DR: Watch the VIX weekly bars for hints that this selloff is abating.
TVC:VIX
by norok
2
NQ1! Setup for the Short Fall ??Nasdaq100 NQ1! We are concluding the price cycle upwards today after the US Non-farm numbers have been released. Expected at this point is for a down cycle to begin towards the 8100-8000 price area. If the price cycles work as in years past and this area (RED ZONE) holds, we can see a decline downward with potential consolidation (GREY ZONE), and further declines to the GREEN LINE. If new HI's are made, then larger price cycles are still in play. Use with caution among other parameters you trade within. This weeks UP and DOWN movement have many purely guessing direction...aren't we all?!. However, these movement predictions/bias' are based on cycles and more often than not, do work....but never guaranteed and so I'm always willing to change the bias when its no longer conforming to initial setups. And finally with impeachment proceedings underway, end of year window dressing, and fed meeting, can make for a volatile few weeks so these movement are very possible.
CME_MINI:NQ1!Short
by ProSTrades
1
NQ1! Nasdaq Clear Path Up 100+ Pts to 8400 ???After today's move down, it might be said this is the beginning of a larger, SHORT, run down...typical to think and may be true! However, based on the price (not wave) cycles I've seen over the years, there is still room to move up to 8400 (and higher) and that is my bias for this trade. Today's action just made it easier to make that move upwards after clearing out some LONG players. I'm personally looking for an entry within the RED BUY zone. 1st Target, 50% of way through the range, 8330 2nd Target, Double Top at 8380 3rd Target, 8400. A break below today's LO would have my rethinking this scenario.
CME_MINI:NQZ2019Long
by ProSTrades
6
Nasdaq Rally Over ... Short TermNasdaq100 NQ1! I'm focusing on the larger down move that can occur at this point: An area (red) that I will look to trade short in, between 8015 and 7980 with 2 targets in mind 7930 and 7815 (green) However, if there happens to be a move down at this week's open, I have a level it bounces from at 7910 (yellow). Targeting the SELL area above it. Despite these forecasts, while I'm trading I'm still ALWAYS open to sentiment changes and will reverse on a dime -- sometimes I may even take profits sooner, then let opportunity present itself again before entering back into the same directional move. Less and less, I'm trying to NOT to predict the ultimate direction and more so the best probable move for capturing profits in the shortest time period. Although these larger cycles will present themselves, it only serves as a 'bigger picture' guideline.
CME_MINI:NQ1!Short
by ProSTrades
LYFT -- If you missed the short, couple places to reloadLYFT Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50. Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50. As much as I do not follow text book setups, sometimes they do match up my current thought process/strategy and this is one of those times...keeping it simple and staying patient.
NASDAQ:LYFTShort
by ProSTrades
NQ1! - Support / Resistance ZonesAlthough there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me. Overall, I still expect price to move up to First Target (7650), Second Target (7700) with a higher probable target in the RED zone (7750) -- where I will wait for potential bias change to the downside and sell rallies. Any selling (after the first two targets are met) back down to the GREEN zone, may serve as a temporary floor/bounce, before moving under 7500.
CME_MINI:NQ1!Long
by ProSTrades
Update on 1900 price targetAs usual no one can predict the exact time BTC is going to make a move (up or down) and if everyone keeps saying we're going to fall down a boring sideways action occurs that lasts until people start to wonder if maybe we have already hit the bottom. Newsflash: we didn't. What we're looking at right now is just another boring descending triangle that is about to break to the downside. I tried to compare it to that last dump from 6000 and it does look kinda similar. First there's an excitement "fake pump" this time we had one to 4200 and a rejected head and shoulder pattern followed by a slow grind for about a month to where we are at now. As you can see we have reached a point where BTC has become "stable" again and is in my opinion very close to another crash. I'm seeing another 100 $ pump before it breaks 3100.
BITSTAMP:BTCUSDShort
by supremetrejdr
3
do not chase parabolic moves.buy rosh hashana SELL yom kippurThe old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did we learn from bitcoin when that happens. third, add trump, add yom kippur selling (keep in mind yom kippur begins WEDNESDAY NIGHT) that means SELLING occurs on monday and tuesday to unload shares prior to the wednesday holiday. Its a situation where there is fasting for an entire day (much like the muslim holiday ramadan) do you think the smartest guys in the room are making huge bets for their institutions when everyone else can trade that day and they cant, on an empty stomach? Sure, call me out and call this trivial, but look at the history. The facts are right there. I LOVE AMD, but right now I DONT. and thats ok. Get out while you can, do yourself a favor, turn yourself away from the stock market if you're perpetually long and save face. If you're short, this is your literal DREAM. I wish only the best of luck to the smartest guys using tradingview platform. Ive learned so much from the community here and i want to be able to GIVE BACK. God bless you all and i wish you millions if not billions in your individual brokerage accounts and/or retirement accounts. GODSPEED. NASDAQ:AMD NASDAQ:INTC AMEX:XSD
NASDAQ:AMDShort
by Makemoney0
5
Goldman Drops Trading Desk!!!! Goodbuy, I mean Goodbye.. BitcoinCheck out this news on Bitcoin today Sept. 5th. All credits going to CNBC. Goldman Sachs did NOT settle for the price of Bitcoin. Like I said... too expensive for banks. Retail traders will settle for anything. Not a Investment banker that has back to back months of winning trades for years. Maybe GS will come back to the table at a better price like $1100 or under $1000 a Bitcoin. We may get some bullish months when Bitcoin reach $2500 I hope.
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
27
Rising Wedge + Rising Triangle = Bearish Outlook for Bitcoin...After making it to #1 on Trading View, I decided to post one of my real charts. The only thing we need to confirm it is a strong CNBC Bullish Tweet. On the daily, we've got a MASSIVE descending wedge forming for a strong move to the upside. On the 240 and the smaller time frames we've got two bearish patterns forming. The first pattern is a rising wedge that's been forming for the past 3 weeks from August 8th - August 234d. In a downtrend, rising wedges typically will break to the downside. So we've got two scenarios that could happen. We can make one more move to the upper resistance before breaking down from the rising wedge (target around $6800. This could happen with the amount of shorts that are still stacked on Bitfinex, but after we saw the move to $6900 and we didn't get the short squeeze, I doubt we'd get it now. There is also a large sell wall on Bitfinex around $6500 that is both hidden and on the order books. The second scenario, and the most likely is a break down from both the rising wedge and the rising triangle. Breaking both supports, we would see a bounce and retest of the support on the lower end of the wedge. A bounce around $6300 and back up to the support before falling back down. We also have a very obvious Head and Shoulders forming that if we make it back down to $6300 zone will complete the pattern. A retest of that neckline will be very important because if we break it, then we will most likely see a lower retest of supports at $6000 and $5800. Thanks for following and supporting my CNBC chart! I hope to keep making awesome charts for you guys.
BITFINEX:BTCUSDShort
by jacobcanfield
17
CNBC Bitcoin Indicator Gives An Insane 95% Accuracy For Bitcoin.Hey guys, my first chart was deleted for adding my social media profile links at the bottom, so I'm re-uploading this one. I was #1 in Trading View for a while. Hopefully I didn't violate anything on this one...? ----------------------------------- I'm sure that you've heard that CNBC is a good contraindicator, well I decided to put it to the test. After back testing what I like to call the "CNBC Bitcoin -0.78% Indicator," it is giving us a clear buy signal in this new range. Almost every single bullish tweet we've seen has been at the top of nearly every single rally, giving us a very strong sell signal. With every bearish tweet we see, it has been a clear indicator of a short reversal and end of a rally. #1 - 90% return. #2 - 26% return. #3, #4 #5 - 34% return. With every bearish tweet, we typically see on average a 30% return. In the last week, we've seen 3 bearish tweets from Twitter, which gives us a clear indication to go long here. Based on our 30% average returns, we should see a strong rally back to the $8500 area, where we will then wait for more bullish or bearish tweets to let us know which way we are going. I believe this is a perfect reflection of the emotions of average traders and investors, which is why it's such an effective strategy. I'll be updating this more as we move forward to see how this trend continues. After I posted the chart, I received over 1.1k likes on Twitter and CNBC even sent out a tweet saying "This tweet is neither bullish nor bearish." I then received a call this morning FROM CNBC for potentially coming on their show. Thanks for the lover and support. Will post more soon!
BITFINEX:BTCUSDLong
by jacobcanfield
162