CIG wave count! Already long and looking to add more positions! NYSE:CIG has some nice wave structure going on. The 1st Impulse 1/A wave took the form of a diagonal. Now we're trading withing a slowly descending channel that looks like the upside will come (if not on this current move up, soon) What are your thoughts on this company? I'd love to hear some input!
Thanks for looking, and trade responsibly! Always remember YOU are responsible for making trades! :)
Equites
My Breakout watchlist for 10/11/18My breakout watchlist for tomorrow is:
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LUNA
ARQL
AP
GRPN
UMC
PRVB
ASYS
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Based on RSI and support and resistance lines. Keep an eye on these but trade at your own risk!
Imagine this for a minute.. what is next?Imagine for a minute that one could find similarities between what is happening now and what has happened in the past. Imagine if someone could clearly present information that the $12T+ of global stimulus over the past 7+ years could drive a massive growth in certain equity markets and prompt a massive equity valuation increase over the next 5~25+ years. Imagine, for a second, that the analysts had missed this COMPLETELY.
How valuable would this be to you to know that the global stimulus could be driving a massive rally over the next 20+ years and the short sellers/top-callers are going to be left holding the bag. Yes, there are different factors NOW versus THEN - but look at the similarities and THINK about what could happen if this pattern holds true.
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APEN is H "APEN" Ning
NASDAQ:APEN saw a break out today and the move was impressive. I believe we saw the first Minor 5 Wave Cycle in a longer trend. We should see and extension of today's rally because WAVE 1 & WAVE 2 broke the Fibonacci Level of 1.618. APEN has been in a long Decline since 2008!
Key Fibonacci Extension levels that I am eyeing from the extension of WAVES 1 & 3:
1.681%: $9.70
2.681%: $12.42
Huge Volume Spike & Wave Correction
I will keep you updated.
*For Educational Purposes only*
Stay thirsty my friends,
-AB
SHORT TESLA INC. on 333 stop on 390 Well this and a few another company chose a wrong path in my mind. Same as Uber, Tesla try to grown with brand awareness and try to climd their sellings. They are spending a tons of money to make public aware and they are sucsessfull on it, even my grand grand parents learn what is it tesla because of their redicilous rocket show for 500 million dollar. It wasn't about space sience but it was pure PR work.
Here is the problem
investorplace.com
2011 50.000 car selling and company lost around 1 billion dollar
2017 300.000 car selling and company lost more than 4 billion dollar.
This is not sustainable. As market turn it down main idea should be find out feakest stocks and this is one of them.
Credit Spreads Narrowing = Good for EquitiesThe Junk / 20 Year Bond Ratio is showing early signals of continued if not increased appetite for stocks as an asset class. For anyone not familiar with this ratio, we're looking at HYG/TLT (or HYG/IEF which is also showing the same signs). In short here's what it means for you and me:
Falling Ratio = Credit Spreads Rising (bad for stocks)
Rising Ratio = Credit Spreads Narrowing (good for stocks)
Go back through any bear market or even just prolonged periods of consolidation and you will see this ratio hold true. When Stocks are showing risk appetite, we want Bonds (specifically credit spreads) to confirm. A rising spread between Junk and Government bonds helps confirm risk appetite for Stocks, and we are even seeing signs here that the ratio is breaking out of a nice base.
If the ratio falls back below the .69 area, that negates this thesis and we will re-evaluate as it could have broader, negative implications for the market.
For now, we have 2 initial upside targets at .82, then .92. As these targets are hit, we can expect stocks as an asset class (especially reflected in the indexes like the S&P 500) to consolidate or selloff a bit.
This also means the bout of selling we saw last week and potentially more in the coming weeks is a nice buying opportunity for long term holdings, but also for setups in short term trades and options plays. The selloff in bonds, at least for now, is not a worrying sign from a structural market perspective.
Stay patient, dedicated, and focused out there.
ABB LTD weekly corrective structure.Structure is developing in a complex way. What I see is we're in process of a larger degree b wave. The Internal looks like it's either a flat or a triangle for another push up. Lets see how this one plays out
Long AMD measured moveAMD was trading between pennies and $10.00 a share and has recently broken into the 10+ range on an increase in volume around double what is normal, which is convincing.
A breakthrough from one trading range into the next implies a test of the top of the new range, or measured more, at 20.
There was a rejection at the halfway mark in the range at $15.00 too, but still trending up.
SPXSeems as if a lower high will be established on the lower timeframes as price comes back to test the previous low that's sitting on a strong support zone. A decent R:R entry could come at the completion of the the bullish bat pattern (it's based on the 1HR so exercise caution). Big data ahead this week with consumer confidence and personal spending numbers; GDP and the jobs report should be strong.
Long MU If It Enters Higher Volume RangeI see two distinct volume clusters where MU has traded. One is between $29.75 and $32, and the other is $27.50 to $29.50. We are approaching the upper bound of the latter and a break above it could signal a move higher possibly up to $32. With a break above a small stoploss could be set making it good risk/reward. Bullish catalyst as David Tepper added more of this to his holdings. As an added bonus it has a low P/E
GMM Long DailyAdd to your long positions on GMM, Emerging Markets index, based on technical analysis. THE TREND IS YOUR FRIEND!
Questions, Comments, or Collaboration? ---->>>>> traderkevin101@gmai.com
US S&P500 SPX coming under further pressureShort-term corrective gains from the 2326.50, (23.6%) Fibonacci retracement are underway.
Immediate focus is on the 2390.01 high of 15 March, but difficulty is seen maintaining any tests, as momentum studies and the bearish Tension Indicator (not seen) continue to weaken.
Increased selling pressure is expected to keep prices under pressure, with a later break below the 2319.23 gap low of 10 February looked for. This will then target the 2282.10 break level from January and 2280~, (38.2%) Fibonacci retracement. A further close beneath here would turn currently bullish investors neutral and open up critical support at the 2233~ low of 30 December 2016.
A close above the 2400.98 monthly high of 1 March would delay downside tests, but strong resistance at the 2450/67~ barrier is expected to provide a barrier and promote fresh selling pressure.
UK FTSE remains heavy at current levelsThe UK FTSE100 Index is finding difficulty maintaining higher levels as negative divergence unfolds on weakening momentum studies. The Tension Indicator (not shown) is also showing signs of negative divergence as it, too, turns down.
Investors are expected to continue reducing positions.
A break below the 7255.78 low of 27 March is highlighted, with the 7192.94 low of 24 February to then attract. Further slippage will open up critical support at the 7093.57 low of February.
A break beneath here would turn investor sentiment outright bearish, and confirm a more significant bear trend as the fall from the 7447 high of March gains traction.
An unexpected break above 7447 would delay lower levels, but should find difficulty clearing the 7500/11 barrier.
TSLA LONGBased on chart analyzes which is most important go by rather than late CNCB news calls. Pennant flag formation setup looks gorgeous. The big resistance break point is 265 where the gap down after earnings is. After it cleared that level buyers came in and closed it in their favor. Candles closing above old resistance is a sign of continuation. If it reaches 280 it could be up for another break out
Weekly Cross Asset StrategyAnother week of indecision in the global equities markets.
Holiday thinned trading in Asia saw thin trading in both China and Hong Kong. The Emerging Markets ETF EEM is extending the bounce from the December 2016 lows, but critical resistance from the same year highs is expected to provide a barrier. Meanwhile, European markets are settling into consolidation whilst the UK FTSE attempts to post a corrective bounce. Finally, the US S&P500 Index remains balanced at contract highs, despite the increased political risks.
Within this range development, the VIX is showing signs of heightened price volatility above critical multi-year supports stretching back to late 1993.
A break below the supports would be positive for global equities, whilst a bounce would add pressure to equity markets.
However, what is interesting is the ‘doji’ bar, which was posted last week. Coupled with mixed studies, we believe further downside tests in the VIX should be limited. This would suggest risk/reward turning lower within global equities. Hedge Funds, Pension Funds and other ‘big players’ will reduce their equity allocations, and excess USD funds into other asset classes.
Once again, in the coming weeks, we remain cautious of further equity gains, and anticipate a corrective pullback. However, we are constructive in the longer term, as underlying strength suggests investors are currently maintaining a buy-into-weakness strategy.
The USD DXY Index remains under pressure, although a short-term corrective bounce is possible in the coming sessions as daily studies unwind oversold areas. There is no change in the bearish weekly readings, however, and we continue to see further downside risks in the coming weeks.
We remain bullish EUR/USD whilst we expect both USD/CHF and USD/JPY to remain under pressure in the coming weeks. The commodity currencies, AUD and CAD, are moving in tandem once again, as AUD/USD extends gains and USD/CAD comes under fresh selling pressure.
GBP/USD, meanwhile, is consolidating the recent bounce from 1.2000~, but we believe any corrective pullbacks will be limited. Longer term monthly charts are showing further improvement, suggesting early signs of a significant trend reversal.
Collectively, this suggests investors will maintain a bearish USD stance, whilst sentiment in GPB/USD continues to improve.
Finally, another mixed story in the commodities space.
Gold is extending gains as investor sentiment improves. Background monthly readings are also strengthening, suggesting potential for fresh inflows of funds in the coming weeks.
Oil prices remain trapped in range, although once again, background sentiment continues to improve. Risk remains for a short-term pullback in the Energy space, however, but the dominant bull trend is intact, and we expect investors will use weakness as an opportunity to increase exposure.
Copper prices are settling lower, but downside risks are expected to remain limited as investors maintain a bullish stance. Corn prices are balanced beneath Fibonacci retracement resistance, and whilst a short-term pullback remains possible, we see further price gains in the coming weeks.
Collectively, we remain cautious of further gains in global equities, and believe institutions will use any gains as opportunities to reduce equity exposure. We continue to see risk of deeper USD reactions, whilst GBP shows further signs of improvement. The commodities space is expected to continue benefiting from cross asset rotation. Gold is the current major beneficiary, although investors will be monitoring both Copper and Corn for fresh entry opportunities. Oil will also be closely watched, as investors wait for a break above the current range highs.
UK FTSE coming under profit-taking pressureFTSE has failed to maintain the test of the 7340, (150%) projection of the October-November fall, with prices falling sharply from 7354.15. A corrective bounce is currently developing from above the 7130~ high of October 2016, but falling stochastics and weakening investor sentiment are expected to limit upside tests.
In the coming weeks, further losses are looked for, as profit-taking pressure increases, with a break below 7130~ targeting the 7095, (38.2%) retracement of the October-January rally. Still lower is congestion around 7000.
An unexpected close above the 7354.15 high of 16 January is needed to negate downside tests, and confirm continuation of the broad 2016 rally towards the 7395 projection.