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Markets are Remaining Bullish Post-Panic SellingFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. I was earlier today going to do a livestream (which I'm trying to reschedule to talk about Covid that had to be canceled due to some technical difficulties), this is what I was mostly going to say: Many of the indexes, markets and different commodities and asset classes started to be quite bearish when news started breaking out of Covid19. I said that before, and I will say that again. Bitcoin even went down. The demand in the supply and demand curve for things such as gas, oil, and precious metals started going down. Indexes were going down, and even currencies started being effected. This told me that people were and have been panic selling. Most of the downward spirals weren't justified by business or asset class performance, but rather was a result of that panic selling. Now, it looks like there is a positive retracement and the entire market seems to be bullish again. This also brings back an important point for traders, which is that the best strategies and advisors do well in both a bearish and bullish market. If they are doing well only in a bullish market, this could be indicative of lack of experience, skill or knowledge.
CLong
by gamer456148
CITIGROUP (C) IN A CLASSIC FLAG FORMATION after a strong bearish wave, we see a steady recovery on CITI. the price is steadily going up within a rising parallel channel called a bearish flag pattern. its called bearish because even if the sentiment is locally bullish, on a long run stock is falling and we keep our bearish bias. we don't know how long the price will be within, the only trigger for us is the breakout. daily candle close below is the perfect signal to look for a short trade, expecting a continuation to current structure low with a potential rally to the downside! keep watching citi and try to catch a perfect swing short! good luck!
NYSE:CShort
by VasilyTrader
2
UKOIL: Downtrend Bid + Retracement LongFirst off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let me get into a few key points I want to make. Oil is about to go back down on the demand curve and have increased resistance, especially in indexes and/or options trading. This is mostly due to price corrections and a result of the sentiment going on from people reacting to the Covid19 pandemic. The demand curve going down = oil going down = price corrections as a result of impacted news. It is that simple, and this is why I predict a small imminent bearish period for UKOIL, but a huge upswing investment opportunity.
TVC:UKOILShort
by gamer456148
SPX trend line breach may signal breakdown pointIf you've been following my previous thread, you know that I've been watching the 50-day EMA and the 200-day EMA as possible reversal levels for this rally in the S&P 500. We eventually pushed past the 50-day (green curve), but yesterday we got rejected from a test of the 200-day (dark blue curve), and now we've violated the upward trend line (light blue line) that SPX has formed on its hourly chart over the last month. (In addition to technical resistance from the 200-day EMA, we also hit a fib retracement level and a couple important psychological resistance levels on the fundamental side-- 20-22.5 forward P/E, market cap 140% of GDP-- so there are lots of reasons to reverse from here). In my past experience with trend line breakdowns, the price often moves back above the trend line at least one more time, and then it either holds there or reconfirms the breakdown. That's already happened, as you can see on the zoomed-in chart: It's possible that we will move above the trend line again and retest the 200-day EMA before breaking decisively below the trend line, but personally I have already purchased puts. In terms of fundamentals, the overall news environment is starting to shift in a more negative direction, I think. Over the past month, the market has been driven by government stimulus, decent tech earnings, and optimism around reopening. It has mostly shrugged off bad news such 30 million job losses, a spate of corporate bankruptcies, and a flood of worse-than-expected 1Q economic data. Now, however, we're turning our attention to Q2. Q1 GDP fell only 4.8%, whereas Q2 GDP is forecast to fall 27.7%. The earnings numbers for Q2 are going to hurt a lot more than those for Q1, especially due to companies' high borrowing costs. Analysts are also predicting another rash of bankruptcies and debt offerings in May. Cities and states may announce new taxes to offset budget shortfalls. Meanwhile, the Fed is out of interest rate ammunition and slowing its balance sheet expansion. There's a bailout for oil likely coming in the next few days, and possibly an infrastructure bill in the longer-term pipeline, but federal stimulus is slowing down as the economy reopens. And if China's experience is anything to go by, reopening will be slow, with lots of logistical bottlenecks and false starts. Demand will stay weak because consumers are out of cash. Some states will reopen too early and have to go back into quarantine within a few weeks. I think we will retest the March low in coming months as investors realize the scale of the economic damage and that it's not a temporary thing. Big tech, I think will continue to outperform due to persistent fear of Covid-19. Airlines and cruise lines will continue to struggle, with some likely filing for bankruptcy in the coming year. Banks will remain hard-hit and highly risky due to continued default risk.
SP:SPXShort
by ChristopherCarrollSmith
12
MCDONALDS (MCD) On Key Level! Two Scenarios! Mcdonalds is approaching a key daily resistance level. on 4h is coiling in a rising wedge pattern and clearly, the market participants are waiting for some trigger. earnings I suppose! for now, the price action is weak and we should be prepared for both scenarios. in case of a bullish violation of the key level, we will see a bullish continuation to 206/217 levels in case of a bearish breakout of the wedge, we may expect a drop to 170/156! be prepared for both scenarios and follow the market! good luck!
NYSE:MCDShort
by VasilyTrader
4
S&P 500 | Cup & Handle Please support this idea with LIKE if you find it useful. There is a Cup & Handle pattern. And currently price fixed above the 50 MA. In case there is a confirmed breakout of the Horizontal Resistance we can continue the growth. Nevertheless be carefull with this asset Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable! Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:SPX500USDLong
by Anpu
14
Oil Futures: $35 Target (Huge Coronavirus Investment Potential) Basic economics is the supply and demand curve. The United States is at war with other countries for catching up on oil supply, so the constant need for production even during pandemic times leads to a surplus. The demand curve for oil though is at one of its lowest, given we need to literally all stay home. This leads me to believe that the huge price crash was time related, and extremely indicative of a panic sale. Take what I am saying as an opinion and not face value (as always), but my advice is that there is huge potential for a positive correlation wave or bullish price increases after the demand curve stabilizes. This could be a week or two, or maybe even few month, but this is an extremely short futures trading strategy given you could conservatively potentially see a doubling in the futures price with medium risk. Again, just a hypothetical, but I would keep a close watch on oil futures and indexes. Please don't take what I say seriously or sound i.e. hypothetical risk disclosure, but this gives you something to think about.
ICEEUR:WBS1!Short
by gamer456148
AIRBUS (AIR) Two Scenarios Explained hey guys, airbus is consolidating on a key structure support level. the price is stuck on 50 level for more that one month! on 4H we see a classic contraction with a formation of a descending triangle. the side of the breakout of the triangle will show us the future direction of the stock. because the trend is bearish, we are bearish biased here and we expect further bearish continuation. however, in case of a bearish breakout out profits will be relatively limited. we will aim at 40 and this will be the next key structure. in case of a bullish breakout of a falling trendline, we can expect a bullish continuation, and aim at 76 level. be prepared for both scenarios and adjust your trading plan accordingly! good luck!
EURONEXT:AIRShort
by VasilyTrader
6
Dow Jones Industrial Index (DJI) MARKET OPEN ON FOCUS! hey guys, DJ reached a key structure on 3 days chart. I watched closely the reaction of the market on that level and for now, we see a nice sequence of dodjies and rejection candles. due to current market conditions, we are short biased here and will try to catch a movement to the downside. on focus will be a trading range on 4H! in case of the absence of the occasional gaps during the market opening, I will short the index with stop above the range, and aiming at 22500, 21750 levels. good luck! if the market opens with a gap above 24000, setup will be invalid.
TVC:DJIShort
by VasilyTrader
12
S&P 500: Resistance not yet hitHello guys The SPX is still moving upwards in a rising wedge. As pointed out already in my last idea, it is likely we are going to continue moving upwards and we may hit resistance at around 2950 to 3000 points. As the smaller moving averages continue to rise I personally think the possibility of another huge drawdown is slowly decreasing. Even taking out the downtrend line on to a further high, the SPX still managed to break it and gain some distance after the apparent short term downwards trend. In the short term, the 0.5 and 0.618 as well as the 0 retracement are going to be areas of support, the 1000 MA on this 4h is probably going to be an area of resistance. For this week, my outlook on the S&P 500 is still rather bullish, even more than last week. Keep in mind I am not making any comments about fundamentals. Let me know what you think!
OANDA:SPX500USD
by pming
SPX500 INDEX (SPY) Short Trade Explained! hey guys, the previously discussed 2800 level is still respected by the index and for now, bulls are not able to go through. on 1H I have noticed a completed head and shoulders formation. the market is currently in an attempt to break below its neckline. in case of 1H candle close below the underlined support we can sell the market expecting the continuation to lower levels of structure: 2636.0 - previous support 2536.0 - next support stop will lie above the right shoulder - 2800. in case of a bullish reaction from neckline and continuation above the head level our setup will be invalid.
FX:SPX500Short
by VasilyTrader
13