Etfs
What we're looking for to suggest a bottom is in!Crashes occur when markets are already oversold so there could be more downside from here. One of the indicators we look at is the percentage of stocks above their 200 day moving average to determine if we've hit a short term bottom. As you can see in the chart we entered 2 lines where stocks could be considered extremely oversold. There isn't one indicator that can tell us when the market bottoms exactly but we can look at the overall number of stocks above their 200 dma as a good tell that a rally could be imminent. Let us know what you think.
VXX ETF Hits Price Target!We wrote an article on our website and posted here on TradingView that the VXX looked ready for a big move to the upside. The VXX has hit the price target we suggested at $22. A more detailed analysis of this trade is on our website titled "Trading ETFs While Volatility Explodes Higher".
UVXY - 100% retrace up - Corona Virus is the catalystBeen watching this for months and the catalyst is finally here. Italy reported today that there was a lot of new cases found there and this naturally scared the markets. More china supply slowdown will only increase the odds we hit 100% from the local bottom. I'm going to stagger sell above 50% returns.
COLD WAR 2.0 / WW3 / NUCLEAR HOLOCAUST investingThis is what a market bottom could look like.
Currently some nice rsi bullish div. Looking like it is in a bull flag. Appear to have had our capitulatory move. Fundamentally speaking we are working our way to the end of the world so we can see a catalyst like a nuclear arms race or world war breaking out. Is this chart the hourglass for humanity?
If we break the green line and can close above $11.74 this is my buy signal and the hour glass will begin.
Stop loss will be if we break the low at $10.
10% risk for possible 10x reward IMO.
Significant levels are the white lines.
Doomsday clock in a chart.
Like and follow if you don't wanna die.
G-D HELP US
Technical Analysis Update: Tadawul All Share Index (TASI) - SaudSummary
• TASI / KSA break out of bull head & shoulders bottom trend reversal pattern.
• Indicates continuation of long-term upward sloping trend channel.
• Key Fibonacci zone targets marked on enclosed charts.
Bullish reversal is indicated as the Tadawul All Share Index (TASI) (Saudi Stock Market) breaks out of a head & shoulders bottom reversal pattern at the start of the week. The pattern formed following the completion of a 78.6% Fibonacci retracement of the near-term downtrend.
A continuation of a long-term uptrend channel can be anticipated with an eventual rally back to the top of the channel. Fibonacci retracement and projection levels are marked on the enclosed charts to identify potential near and long-term price targets.
Nevertheless, a decisive daily close below the head at 7,396.60 is a failure of the above bullish scenario, while a daily close below the right shoulder at 7,808.54 puts the bullish scenario at risk and requires a new assessment.
Investors in US markets can access the iShares MSCI Saudi Arabia ETF (KSA) ETF for exposure to the Saudi Arabia stock market. An upside breakout in KSA occurred this week as price closed above $30.56 on a daily basis. Support at the bottom of the right shoulder of the head and shoulders bottom reversal is at $28.97, while the bottom of the head is at $28.04. Fibonacci target levels for KSA are noted on the weekly chart below.
A scaled entry plan for SOXLOne of the best long-term performers in the stock market is the semiconductor sector. With a strong likelihood that AI will change the world in the next 10-20 years and disrupt every other industry, there are big profits to be made in semiconductor companies that are heavily invested in AI research and provide the processors to power it.
That said, the current price point on SOXL is pretty high, so it makes sense to look for a lower entry. With the market (and especially the Nasdaq) turning downward this week on China trade war news, I've developed a scaled entry plan for SOXL. There are four entry points: the recent highs around 198, the high-volume node at 159, and the recent lows near 131 and 90. Normally I triple my position at each level, but I doubt we'll hit the bottom two targets on the current trade war news, so I'm weighting my entries a little more toward the two upper ones. I already made my first entry this morning near 198.
Semiconductors bounced downward from top of parallel channelSOXX has been making two parallel channels, and the other day it bounced off the top of the blue one. It's still within the green channel, however, so it's approaching a decision point soon where it will have to choose one or the other. If the fall continues, there could be a good buying opportunity near the bottom of the green channel and an even better buying opportunity near the bottom of the blue one. SOXX and its leveraged counterpart SOXL are my favorite trading instruments, so you best believe I'm going to be watching this closely.
Good buy with DGAZ for 12% ReturnGood swing trade on DGAZ for a 12% return as it looks like it will bounce off of the 1 hour EMA. DGAZ has been on an upward trend on the 1 hour graph.
Buy UWT for potential 20%+ returnUWT (Oil) is extremely undervalued in comparison to its price over the past couple years. Great buy for a potential 20%+ return.
JDST bullish; Gold prices likely bearish given US-China deal?JDST looks to be bullish, making higher lows in the recent weeks. Couple reasons why I think it's on the uptrend:
- Phase one of the China trade deal concluded bringing some stability to the world economy; generally this should reduce the demand for gold, lowering prices and increasing JDST, a gold miner BEAR.
- Gold prices have a very strong resistance around 1540 from May of 2012. It's already touched that resistance late September/early August this year and would need some serious momentum or world news to break that resistance, such as the US-China trade deal falling apart. I believe it's more likely that gold prices are on the way down, making an ETF like JDST increase.
What do you think? Please leave a comment with your thoughts!
WESTERN DIGITAL/WDC - LONG POSITIONI share my longterm expectation of this trade.
Memory prices stabilizing. This could bring great gains for this stock in the longterm view.
I am in this trade for a long time. But for those who are not in this trade yet...we got a pinbar on the 4H, which is first good sign for the entry if you still hesitate.
You can also wait for the daily candle confirmation.
LABU - watch the volume and trend lineBiotech has had a hard time of it lately due to both political risks related to the election and litigation risks from the opioid epidemic. All of this, of course, on top of broad market weakness due to the China trade war.
However, biotech earnings are better than most sectors this season, so the bear market likely won't continue forever. I've drawn a trend line on my 1-hour chart and am watching for an upward breakout. Today we had some nice volume come in as we recovered from oversold on the daily chart and achieved our first green day for some time. However, we fell short of the minimum 6 million shares I'd like to see to signify a true reversal. We also fell short of breaking my trend line.
I expect LABU will fall to about 25.50 before it's likely to get a real bounce.
Two alternatives to trade $VIXVIX Alternatives:
The chart shows two investable alternatives to trade the $VIX, these assets are $TVIX and $VXX.