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Longshortcompetition

Bitcoin & Micron in lockstepFirst off, I am NOT implying that these two assets actually have a meaningful relationship with one another (correlation of any sort/or if MU goes down so does BTC, vice versa). I am just pointing out that Bitcoin and Micron have had similar price action in terms of peaks and troughs and I want to keep watching that relationship. What's interesting to me is you don't see this similarity of price action in many other stocks/indices when compared to Bitcoin. The first thing I could think of is it's a simple risk-on/risk-off dynamic and a coincidence, which happens over and over in markets. When measuring BTC against MU we have a perfect weekly H&S top, which suggests Short Bitcoin / Long Micron (which actually historically suggests short both, since BTC is a higher beta asset/with greater volatility on the downside and upside). To be bullish, you want to see Bitcoin in an *uptrend* against Micron (historically speaking): My view on this relationship is it's a coincidence of a risk-on/risk-off dynamic, and a function of higher beta (Bitcoin) vs lower beta (Micron) that happened to be trading in tandem with one another. What do you think?
BITSTAMP:BTCUSD
by Lanmar
5
TCEHY/ATVI - Video Games#longshortcompetition Long: TCEHY / Short: ATVI Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L. Whether its corporate structure, actual incompetence, etc. As someone who grew up on games from age 7-20, a few activision blizzard ones here and there, I've seen the gaming industry evolve MASSIVELY since I first started playing around 2007. Blizzard simply does not know what they're doing. Diablo Immortal, Heroes of the Storm, Overwatch, World of Warcraft. All falling off a cliff overtime. Losing their player base and fans. Berkshire Hathaway is not going to change gamers. Don't even get me started on the work culture. The PR of this company AND the product have been dog water. I feel like it gets worse before it gets better for ATVI . I feel like throwing money at this can only work so much. They need to listen to actual gamers, their audience, not shareholders to dominate market share. I feel that this will be their biggest problem in the future, not monetization. A part of me wants to be wrong because I grew up with this company but I simply let the chart tell me what it wants to do. Tencent has an enormous advantage. HUGE in China. Owns Riot Games, half of Epic Games, 5% of Activision Blizzard . Highest earning video game company in the world. They have a diversified gaming portfolio. Data Giant. Most popular game is League of Legends. I do not ignore the issues of Tencent becoming unpopular, government issues with data, tax, fines, antitrust, etc. Both companies have black swan potential, Tencent more so. But overall If I had to hold either company for 2-3 years, its Tencent. I'm more bearish ATVI than Bullish TCHEY. Also tradingview, I love your software <3.
Editors' picks
OTC:TCEHYLong
by MulticulturalMoney
5
Is The Bear Making You Sick? Time To Get Right With Healthcare!Bear markets, economic slow downs, recessions, inflation, the Fed, Jerome Powel, etc... It's enough to make anyone feel sick. Well, step right into the Doctors office because I have the cure for what is making you ill. But before I start writing prescriptions, we need to apply a diagnosis. First let us review the causes: Soaring Commodities. Crashing Growth. Incoming Recession. As this bug works its way through your system its going to manifest itself with several symptoms. Currently you're experiencing the following: Inflation. Bear Market. Rising Rates. As your natural immune system fights this off, you're going to experience the following side effects: Deflation. Decreased Earnings. Falling Rates. None of this is going to make you feel any better however. That's where the Doctor comes in. Allow me to explain. As the economy slows down we're going to experience cyclicals such as Semi's continuing their weakness and the Commodities will be rolling over. But the rising rates will crimp economic growth which will weaken earnings and put pressure on valuations. Eventually the FED will be forced to slow or stop their rate raising program as the economy grinds to a halt. This will hurt investors looking for yield. Not a great scenario for stocks. What's a sick investor to do? You need alpha, yield, and protection from an economic slowdown. There's only one sector that can offer all three and that is Healthcare. Healthcare is relatively resistant to any slow down in the economy, offers some yield in $XLV and some alpha in $XBI. Both charts are ratio charts comparing the relative strength of Healthcare vs Semi's and Commodities. The top chart is a monthly candle chart of $XLV the S&P Healthcare SPDR ETF vs $DBC The Broad Commodity ETF. The ratio rises when $XLV is out performing and falls when its under performing. As you can see the ratio is sitting right on an area of support and a hammer candle has formed after a protracted period of under performance. Implications are for a reversal that favors $XLV. The bottom chart is a weekly line chart of $XBI the S&P Biotech ETF vs $SOXX the Philly Semiconductor ETF. Just like the above chart, the ratio rises as $XBI out performs and falls when it under performs. Just recently $XBI has reversed the trend of under performance and broke out through the downward trend line. The trend favors further out performance from $XBI. I hereby prescribe to you the following pairs trades: Long $XLV and Short $DBC. Long $XBI and Short $SOXX. Please start the prescription as soon as you can have it filled and keep the trade on for the rest of the year until January 1st 2023. Come back to see me for a follow up visit. Please make your appointment ahead of time as I book up fast. I hope you feel better soon. Sincerely, your Doctor.
Editors' picks
AMEX:XLV
by Breakout_Charts
33
Short Insomnia, Long Caffeine Idea for competition: short insomnia inducing all night gaming by selling short GME and buy long the czar of caffeine concoctions KDP. Rationale: As the economy enters recession, discretionary money for buying video games will decrease. Meanwhile, pressure from significant others to go make more money will result in an increase of caffeine consumption by the otherwise insomniac gamers. The result will be a very short recession, improvement in the labor shortage, and breathing room to fix the broken supply chains. Win-Win!
NYSE:GME
by TheOracleOfDelphi
6
High Probability Setup to short XAUUSD*****Week 27, Wednesday, 29 June 2022***** In this analysis, ATR(14-period) and the size of the body candle are used to determine the momentum of the candlestick. When the value of candle size is bigger than the ATR value, the analysis concluded that the momentum is higher than the average range. Thus, we can conclude that a continuation of the market structure is highly likely to follow through. OANDA:XAUUSD Based on the daily chart: 1. From 15 March to 22 April 2022, the price has failed to close below 1917. That area has been held as support for more than 1 month or 27 trading days. Finally, on 25 April 2022, the bearish daily candle closed below support 1917 with momentum indicating the first signal of a downtrend market. Where the value of bearish candle size is higher than the ATR value (34.3 > 28.5). 2. When the market is forming Lower High and Lower Low, a descending trendline is formed to observe how the price would react to the trendline. It is either the price would respect or break the trendline. It is the opportunity to enter a short position. As professional traders, we have to patiently wait for the confirmation and confluences. 2. On 16 May, the price rebounded from 1790 to 1870. 1870 is the 38.2% Fibonacci retracement level. When the price failed to break and close above the 38.2 Fib level, the market was ranging between 1830 to 1870 for 3 weeks or 16 trading days. Finally, on 13 Jun 2022, there is a bearish engulfing candle closed below the 1830 support area with momentum above average. This is the confirmation to enter short positions because the bearish engulfing candle: - respected the descending trendline. - rejected at fib level. - closed below 1830 support - closed below 200 daily EMA - momentum above average (52 > 27.3) This setup has 1:2 RR. But, if you can get a second entry at 1849, your RR could improve to 1:3.5 Personally, I'm taking a 1% risk at 1820 and another 1% risk at 1850 with both Stoploss at 1880 and Target Profit at 1700. So, I'm risking 2% to make 7%.
OANDA:XAUUSDShort
by aimanaimann9
Cardano's Desending Wedge Setup, will it shrug off macro woes?Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside? Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the potential for a significant bounce in the major cryptocurrencies. A potential bounce could see a 50-100% upside for major Altcoins that are down over >75% from all time highs. With Bitcoin and Equity index spurred by the strong support at the 200 daily moving average. Time to wait and see.
BINANCE:ADAUSDLong
by FortunaAlgoAnalytics
1
Combining Fundamental & Technical Tools None of us has a crystal ball. We are only trying to increase our probabilities for the correct buy and sell timing. I'm using DDS in my example, but my illustrations and comments apply to hundreds of stocks on a daily basis. First question: is the stock moving in an upward channel even in this lackluster year? Sure, an experienced trader has an eye for the answer. However, TV provides a way to overlay a 2-standard deviation (reddish) channel on top of a 1-standard deviation (bluish) channel. The better the "behavior" of a stock, the closer it will hug the inside of the channel. Then when the price approaches or extends through the top or falls through the bottom of the 2STDEV channel, you are likely going to see a reversal. I (and you) can go though dozens, even hundreds of stocks in a short period of time by using an initial test as to whether the channel is sloping in the desired direction. But that's just the first test. Is this stock a good candidate for trading both long and short? Here's where the Zig-Zag indicator is of great help. I have modified someone else's work to take away the tedium of counting bars and measuring changes. If the story doesn't jump out and slap you, look a closer look. It is said that some of the best traders never buy at the bottom nor do they sell at the perfect top. You can't legislate a trend change just like you can't pray up the market. Been there, done that. Yet, when you can determine that a good stock (to be defined by fundamentals shortly) moves nicely up and down in an upward or even flat channel, why not use information to your advantage? Even though it is perfunctory for a stock to go down immediately as soon as I go long, Mr. Market's way of keeping me humble, wouldn't it help you to know that stocks like DDS have had 11 "round-trips" just this year alone? If you could capture just half of these 10% to 52% swings in both directions in such a short period of time, why wouldn't that kind of trading appeal to you? Hey, 6.05% YTD isn't bad. But count the swings, add up the peaks and valleys (always obediently staying within the channel this year) and take from 20% to 80% of the maximum potential earnings you would have made. Nice profits, huh? In other words, trade when you can confirm a trend reversal has likely occurred. What more do I need to get the odds on my side? Plenty. I pay a lot of attention to volume. Not only do I have volume bars, but the buy-sell pressures as well as the big players stepping in to push above the average volume are big deals! DDS hit the bottom of the channel on Thursday. Oversold? Then the price bounced up on Friday with volume 48% above average. It got my attention. In fact, I use the TV community's script to market the triangles above and below the candlesticks to mimic the Investors Business Daily "accumulation and distribution day count) applied to single stocks. Equally important, the short-seller volume tells me a little more about the price signals. Those are the blue bars under the volume bars. There are always short-sellers. In this case, there is an average of 8.53% of the daily volume made up of short sellers. But on Thursday, they stepped in and tried to drive down the price to their benefit. Or at least hoped they could. Then on Friday they released their grip as the price rose. I try to understand if a price rise is due to a short-squeeze. The traps in investing are endless, but analytical tools can help spot many of them. Is DDS a good company worthy of me risking my money? As you can see in the three charts across the top of my chart, I have many fundamental metrics. I also have the ability to go back for many years of history as I want. I know you might be thinking there are many places in TV to find all kinds of fundamental data. True. And I do look at all of the data when doing a deep dive. But I like to have everything in front of me I possibly can to study a chart as if I'm in a museum gazing intently at a painting to gather details and making an interpretation. To the right of the channel you can see my attempt to compile a number of fair value metrics and their history. I am infatuated with fair value and other valuation measures. I also am frustrated that they can be so wide apart even though I realize the variety of assumptions involved. Still, it's just another gut-check I have. Plus, I've got more work to do here, including my own valuation estimates. Put them all in a can, shake them up and let them spill out on the table. Reach in and pull a number out randomly. Yeah, that's my difficulty in the pseudo-science of valuating a stock. My three tables across the top are my go-to numbers. Price to Book Ratio, Debt to Equity Ratio, Price to Earnings Ratio, Net Cash from Operations and EPS, all in the historical context, tell me most of the info I need to mesh into "value" I compute in my head. What about an independent third-party rating on a stock? If you are a subscriber to IBD's digital data, you can download a variety of their ratings on about 9,000 stocks. I wrote my own script to pull those ratings into my chart. It gives me comfort and confidence to be in a stock that meets all of my criteria PLUS is rated highly by IBD. BTW, I don't share anything I'm showing you except to my grandkids I'm training to invest in the stock market. This illustration is for contest purposes only. However, I will tell you that my charts are great teaching tools. I am not a professional trader. I'm just an average person with an above-average level of analytical curiosity. I was a heavy TradeStation devotee for 20 years and attended many of their coding workshops. TradingView has opened up an entirely new field of vision for me. Lastly, you can tell in my last two panes that I am constantly wanting to know where the "competition" is and how the sectors are rotating on a daily, weekly and monthly basis. If you aren't watching the USD, WTIC, Bitcoin, Gold and the VIX, you may not appreciate that your stock is not the problem: it's the things that compete with stocks and are driving the bus. There are many "markets," and money flows to the places its most loved. In the right-hand panel where TV shows so much great information, I wanted to point out my favorite. If a stock is consistently revealing positive surprises in their earnings and revenue numbers, I like that. A lot. You can probably tell I'm particular about information formats and colors. They help the eye see things I would likely miss. I'm in great debt to the many TV script writers. If you take the time to look through the vast library provided by the TV community, you will find most of my tools used. I've looked at every single offering from the TV community. I do have a few of my own developed by KioseffTrading, a coder very familiar with TV. He has listened to my needs and developed exactly what I want in short order within a reasonable fee. Plus, he has a great can-do attitude. Lewis F. McLain, Jr.
NASDAQ:QQQ
by citybaselewis
4
I SPY some OIL trades $ES1! $CL1!As we all know, the ongoing war has really put a squeeze on our oil supply ($CL1!) and $SPY have been just hemorrhaging since the beginning of the year. Naturally I've taken to trade these two (or three using $ES1! just to put them both on futures level) inversely. We've had a solid run on $ES1! the last week and whether you think we are at bottom or not, it is still something to take interest in. All predictions below will be made on this chart unless specified! Bull perspective - Key levels here based on the fib layout is upcoming level at 0.382 and as you can see on the VPVR, we have just broken up above a very heavy volume area. Now due to this chart being a comparison, what I can say is that this coming week, there is a chance we could start out red, since I do believe $ES1! looks ready for a slight pull back. $CL1! on the other hand has hit a support trendline and has held it well so I am thinking a small wave upside will occcur this week. On this chart, you can see the prediction I have drawn (I apologize for the sloppy drawing) and we could be seeing a cup and handle formation happening this week. If so, my next target would be $37.25, where 55ema seems to be headed towards and breaking above that would very well allow us to take to the 0.5 fib level at $39.00 which VPVR shows to have heavy volume within that area as well. The white and yellow flat levels are all the areas where we could encounter resistance (also works for target levels for day trades). Now for the bearish side, we are in a bear market so until I see it breaking the current low, I don't personally plan on taking shorts since a reversal would bring volume to the upside so massive that losses would probably be emotionally traumatizing. Catching knifes isn't my thing and money is also made in the middle! To put it simply, I don't think we are out of the woods. We are still within a bigger downtrend channel despite breaking out of a smaller one this past week. We can also sink back into it again. Inflation is still a big issue and until that is fixed, we can still very well have a massive selloff at any FOMC meeting if they hike rates even higher or if the economy has not improved with the moves they have made. Thank you spending some time to read my little post here. Stay green Degens!
CME_MINI:ES1!
by BearVsBull
1
Long China Short USUnpopular, unpatriotic title, but the chart doesn’t lie. China tech overall has been basing and looking to break out of the long term downtrend while US tech has struggled. PDD has higher beta than its Chinese peers and I am looking to hedge with shorting the de-facto US e-commerce play, Amazon. Although it would be a more apples to apples comparison to pick a more niche US e-commerce stock, like an Etsy or EBay, shorting one of those would provide more volatility and increase risk. Relative performance between PDD and AMZN is making a textbook cup and handle formation. PDD itself is also making a cup and handle formation, tightening around the level 65, a level of previous resistance and support. AMZN has an unfilled gap in the 130s and previous high around 125 as heavy short term levels of resistance. Long PDD, short AMZN.
NASDAQ:PDD
by simonotheman
5
EGLD/USDT Elliott Wave CountI think that 4th wave is complete for Egold I will present you the count of this 4th wave that started from 13 june 2022 and I think this is the best interpretion for now! 4th wave pattern is an expanded flat correction composed from: Wave A: an expanded flat Wave B: another expanded flat Wave C: Impulse 12345 with a truncated 5th wave, verry important thing because is show us that the price is under the sales presure for starting the 5th wave down. So, I expect massive price drops with an impulse to complete a 5th wave of a bigger impulse to the downside. I will update this count so if you like it subscribe and press thumb up!
Short
by Cross10XSignals
4
War Tech Long & ShortThis is a crazy idea for the TradingView's 1st July 2022 Long&Short Competition entry. Long Germophobic War Technology: NASDAQ:AERC We're betting in the success of the FDA Clearance provided after review of patented germicidal UV-C LED Air Purification Technology from AeroClean. It was proven effective at eliminating harmful airborne microorganisms. The projected Earnings Per Share (EPS) looks great for the long term. Short Human War Technology: NYSE:HEI We're betting in the overpriced HEICO Corporation PE ratio of 46.5x against its peer average 27.3x and also its low Return on Equity 13.4%. This long & short is asymmetric and should be unpaired when NYSE:HEI confirms the market balanced its price with its sector peers. Currently this pair is under 0.09 ratio which means the asymmetry is much stronger for the long run at 1.00 ratio target (diamond hands will be rewarded accordingly).
Editors' picks
ALong
by danalec
15
The return of solar! My pair trade idea: SHORT OIL & LONG SOLARI wanted to hop in the latest TradingView contest and present my pair trade idea. This chart shows XLE vs. TAN. XLE is the mostly oil ETF while TAN is the mostly solar ETF. I think the recent spike in oil made perfect sense because of the supply disruptions, but I have also been following green energy for years now and the simple reality is that the technology behind green energy is improving each day in terms of efficiency and costs. The economics are improving. Burn oil once, and it's gone forever. Install a solar panel once and it produces energy forever. The thesis is simple. I actually think I might be in the minority here, but the recent rally in oil might the last rally in memory. Today, about 5% of all cars are electric. In the next five years that should number should reach 15%. In my opinion, because of high oil prices, that number will actually be closer to 30% in 5 years. I would not be surprised to see companies like Exxon use their profits from this recent rally to acquire leading solar companies or energy companies. They know the shift is here. I wonder what will happen to all the gas stations on this planet - maybe they'll become little museums? Rest stations? Convert them into electric stations? That's the idea. I am not even going to overthink it beyond that. Green energy is renewable. Anyone who believes in frugality, thrift, and/or being self-sufficient should consider looking into green energy for the simple fact it embodies that spirit. One more thing: I do think this trade will take two years to fully play out. I am not saying anyone will make money overnight on it. I do think it's worth adding to your watchlist and thinking about it well into the future.
Editors' picks
AMEX:TAN
by scheplick
60
SPCE/SQ - Square "Space" For those investors new to Virgin Galactic and Square, I want to introduce some key background trends affiliated with all things innovative with flying to outer space and using a mobile wallet. Virgin Galactic went to space successfully with 7 astronaut types including their own well trained pilots, some of which are superceded by NASA's own program, left NASA to conglomerate with Disney and Virgin. Not only is Virgin Galactic a short for me, as far as new industry, competition from commodities, entertainment backed media, it's a long after this small cap becomes a major billionaire player. Trips to space are starting at 250,000$ USD and we're averaging $400,000 there for a short while. This is a philanthropist space flight to low Earth orbit, and the central focus is to cheaply, more affordably generate human passage, as well as, cargo passage to space or via low Earth orbit to other parts of the world not just the Milky Way. Virgin has a central focus on 2 hr flights from California coast to Bejing. The same focus from New York to Central America. A fast plane is the entirety of the plan. The obvious is slowing down progression, renewal of fuels, war time efforts, choppy handed CEOs (I think they were forced to resign), once they got Facebook out of the picture and NASA and Disney stepped in to make it a literal roller coaster ride. SPCE a Short because, this will make money now and most likely there will be small profit taking through out SPCE's climb to MARS. As far as technical analysis is concerned SPCE earned a A+ for growth, and their financials are reliant on many aspects related retail, government, private sector, and commodity driven speculation. Going to be a bumpy ride for awhile. I think this is neat and super cool and interesting. SQ isn't going to space as far as I'm concerned or know of but this fintec company has a lot going in it's own direction, the crypto wallet craze CASH App is available for multiple platform use, a on the go Bitcoin wallet, and exchange wallet for majors like BLOCK and SPCE. Yes, you can buy and sell shares of Square and Virgin along with your Bitcoins. BLOCKS central focus is software based BNPL aquisitions, ways to improve moving currency with a long way to go indeed. A reminder that BLOCK fell against the tradewinds because of a rumor that Jack Dorsey ( Blockhead not CEO) left Twitter and wanted to nestle and nest down on currency exchange and banking and music streaming, and bitcoins oh, and Sqaure. Basically, it's like a banking software company that can't help you bank your marijuana profit necessarily until now! Square is a software package versitile on Android but specifically Apple products and the company really pushes the use of apple products for store locations for their retail end users, regardless of purchases made at retail locations, like the brick and mortor clients and customers can order online using whatever devices they like. Largely there is a lot of upside potential, seeing that the money is a big, fat, chunk, billionaires wallet type of trade, I'm going long with Dorsey for the few reasons: A) the rule of large numbers, the more volume and more money will create some volitility, but will slow down reversals and create longer trading patterns especially, since this is tech stock and technology always has a lot of players. B) This is a very new company as well, plenty of room for interesting growth and opportunities especially if BLOCK and even SPCE get a better grip on their financials. The whole Bitcoin thing is still scary. Regardless of scary Bitcoins, Cash App is still something we can use cash with. Yes, you can deposit cash without a bank teller by using Cash Apps gps guide to deposit locations. The local listings include : near by gas stations, ( Speedway, Casey's ECT) Dollar General, Walgreens, Family Dollar, Seven Eleven. This is a super neat thing and the money is available instantly! If you need to deposit into your bank account that takes two days. And this is a Cash Mobile app with Visa debit card so you control what value to add to the card at all times, as well as peer to peer cash exchanges. There is even direct deposit and tax filing involved. The entire idea is to introduce consumer small business to the layman and maybe just some regular cute stuff as well. I think it's cute. And even though I blew my lid at their 2$ on top of my 3$ ATM fees (5$ total at ATM) I'm not ready to put it down. I'm able to avoid a banking scam better because my account is separated by 3degress of Jack Dorsey. Don't make me regret it.
Editors' picks
NYSE:SPCE
by m3ggriff
13