Potential Bear Flag in Energy ETFThe SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside.
The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend.
Next, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late 2024. Those two SMAs, plus the 100-day SMA, are close to each other on the chart. Could that long neutral period create potential for prices to start moving?
Third, MACD is falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Those patterns may reflect bearishness in the short term.
Finally, the recent series of higher lows may be viewed as a bearish flag. If it resolves to the downside, December’s 52-week low of $82.75 could be viewed as the next logical support.
Standardized Performances for the ETF mentioned above:
SPDR Select Sector Energy ETF (XLE)
1-year: +5.07%
5-years: +64%
10-year: +18.82%
(As of January 31, 2025)
Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.
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Moving Averages
Vertex Pharmaceuticals Pulls Back After RallyVertex Pharmaceuticals ended January with a big rally. Now, after a pullback, some traders may see an opportunity.
The first pattern on today’s chart is the price gap on January 31 after the FDA approved its Journavx painkiller. (It’s the first of its kind to treat pain in a unique way without addiction risks.) The stock has retraced the surge, which may appeal to dip buyers.
Second is the October 7 close of $448.60. VRTX held that level in late November and again on December 18 before gapping down. The stock is now trying to stabilize in the same location, suggesting support may remain in effect.
Next, the MACD surge in January could reflect bullish short-term momentum. Prices are also trying to hold the rising 21-day exponential moving average.
Finally, VRTX is near its 50-, 100- and 200-day simple moving averages. That may create potential for the longer-term trend to accelerate if the short-term strength continues.
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$SPY February 13, 2025AMEX:SPY February 13, 2025
Yesterday also gap analysis. But took support at daily averages 598 levels as mentioned in the previous day analysis.
For the rise 598.52 to 604.55 holding 602 levels is important today.
At the moment AMEX:SPY weak below 600 levels for a possible target 597.5 598 levels for the day.
DXY bearish pressureThe dollar index is slightly defensive. The result is a break of the ascending trend line. For now, the dollar is supported by the EMA 50 moving average. If the index falls below the moving average line, the index would retreat below 107.00. A potential target is 106.00 on the EMA200 daily moving average.
Salesforce May Be OversoldSalesforce broke out in November. Now, after a period of consolidation, some traders may see potential for more upside in the software giant.
The first pattern on today’s chart is the March 2024 high of $318.71. CRM probed that level after the election and again in January. Prices have returned to it this week. Will old resistance become new support?
Second, the 100-day simple moving average (SMA) crossed above the 200-day SMA in late November and has approached the stock from below. Those signals may be consistent with a new uptrend that has potential for continuation.
Third, stochastics have dipped to an oversold condition. Investors may now watch for a crossover to signal a potential turn.
Finally, earnings are due after the closing bell on February 26.
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$SPY February 12, 2025AMEX:SPY February 12, 2025
15 Minutes
Yesterday Gap down not held.
Low was not broken.
For the last rise 603.1 to 605.85 4SPY need to hold 604 levels today for uptrend to continue.
On downside we have strong support at 603 levels being 200 average and 9 day moving average in daily and 600-601 being 21 days in daily.
So, I see a range trade today between 603 to 606.5 ot 607 levels on upside.
$TOTAL Close Lackluster - What This MeansCrypto CRYPTOCAP:TOTAL Market Cap closes another day in its lower range $3.1T, failing to break the 9DEMA.
The TOTAL chart is not given enough credit because most do not understand it.
It’s best used to let us know how much money is sloshing around from narrative to narrative.
Once it definitively breaks that $3.7T range, then a rising tide raises all ships and it's ALTSEASON folks 🚀
Can Micron Undo the DeepSeek Selloff?Micron Technology plunged two weeks ago when China’s DeepSeek model disrupted Silicon Valley. But some traders may see potential for a rebound.
The first pattern on today’s chart is the gap from Monday, January 27. Does that empty space create potential for prices to fill?
Second is the September 12 low at $84.12. MU remained above the level despite the DeepSeek fears. That higher low on the weekly timeframe may be consistent with resumption of a longer-term uptrend.
Third, cautious guidance drove prices lower in December but the memory-chip maker held its September low. That could reflect optimism about business improving.
Next, the stock is below its 200-day simple moving average (SMA). Given secular growth in its business thanks to AI, some investors may see a long-term value opportunity.
Finally, MU has traded an average 215,500 options contracts per day in the last month. (It’s the 13th most active underlier in the S&P 500 in that time, according to TradeStation.) That could help traders looking to position for a rebound with vertical spreads.
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KO Earnings incomingonly a beginner trader and this is not financial advice. I am only using Trading views paper version for practice and have seen a lot of videos on social media regarding boycott of KO after the recent ICE raids. The earnings is for last year Q4 but I feel even if earnings is beat we could see a down fall before a long bullish run. I could be wrong and please share any ideas or tips if you have any.
OMNOM. Bullish Pin Bar/Hammer.If CRYPTOCAP:BTC don't highly dumping, $OMNOM could return to trading range within a few weeks breaking a three-month downtrend which is about 70% . Return to the previous local high is 1,100% . Also, we can interpret this candle as a Bullish Pin Bar with some consolidation or a Hammer. Here, sellers could lose control over the price and there is a high probability that we will see a trend change.
$SPY February 11, 2025AMEX:SPY February 11, 2025
15 Minutes.
AMEX:SPY faced resistance around 604-605 levels being 61.8% retracement number.
We have 3 values.
The rise from 600.05 to 605.5
The last rise from 603.21 to 605.5
And the fib extension 600.05 to 605.36 to 603.21
For the first rise important to hold 602 levels to continue uptrend.
For the second number being the latest rise must hold today 604 levels.
A close below 604 will be supported by 602 levels. So not a day to short.
If we take the extension move, we have targets between 606 to 608 today.
Once 608 is broken and held at least 15 minutes the target will be 611-612 levels.
Figs Inc | FIGS | Long at $5.24Figs Inc $NYSE:FIGS. Technical analysis play first, fundamentals second.
My selected historical simple moving average lines have converged with the stock price, which often leads to sideways trading and a reversal in the downward trend (i.e. future price increase). The downward trend is flattening, but that doesn't mean post-earnings drop to $1.50-$2.00 isn't out of the question...
The FIGS brand is growing within the healthcare world with significant opportunities overseas. While economic headwinds may impede near/medium-term growth, revenue is anticipated to grow into 2027. EPS is expected to rise from 0.01 in 2024 to 0.20 by 2027. While this is not a "value" play and there is high risk for rug pulls, something may be brewing within the chart for a move up. Tread lightly, however...
Targets
$6.00
$6.40
$7.00
$8.00
Estee Lauder | EL | Long at $67.33Reentering Estee Lauder at $67.33 due to the persistence of the Director, Paul Fribourg, buying around $33,000,000 worth of shares between $63-$66 (even after the earnings debacle). While the company had a horrendous outlook for FY2025, the bad news may be already priced in (i.e. cutting 7,000 jobs, weak sales, etc.). A "profit recovery and growth plan" is underway, so buckle up for the high risk of further declines in stock price in the near-term. Personally, a buy and hold at $67.33 with the primary thesis being global expansion (recovering Chinese market) or potential buyout into 2027.
Targets
$80.00
$86.00
ETH all set for a 20% gain retest back to $3300Signals are currently swinging up to Bullish soon looking at daily charts.
🔹 US spot Ethereum ETFs recently acquired 146,540 ETH worth $420.2 million, indicating robust institutional interest.
🔹 Ethereum boosts efficiency by raising gas limit to 36 million, enhancing speed by 20% and cutting fees.
🔹 B3 launching Ethereum futures enhances trading options for Brazilian cryptocurrency investors.
Crypto market crash begins in 14 weeks / May 2025For the past decade, since 2012, a specific pattern has emerged that has consistently proven to be a reliable predictor of when the next market top will occur.
The first 2-day life cross (red circles) that prints after the previous market top has been an accurate predictor of the time until the next market top since 2012.
At most that time is 745 days away and could be as little as 550 days away.
The market top is in not more than 14 weeks from now, mid May 2025. And potentially as early as March 10th at 681 days as with the 2021 bull run.
Is this time different?
Ww
BTCUSD: Accumulation or Distribution?📉 The price dipped below EMA 50/200, likely triggering stops from retail traders. However, the low selling volume suggests large players might be accumulating liquidity at lower levels.
📊 Key levels to watch:
🔹 Break above 98K-100K with strong volume → Confirmation of Markup Phase (bullish continuation).
🔹 Drop below 90K with high volume → Potential Markdown Phase (distribution & further decline).
Volatility is rising. Stay cautious.
Keysight Technologies Sneaks HigherMany of the biggest technology names have struggled lately, but Keysight Technologies could be attempting a breakout.
The first pattern on today’s chart is the July 2023 peak of $172.72. The provider of network-testing equipment ended January making a new 52-week high above that level, which may suggest buyers are taking control.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in October. That may reflect a longer-term uptrend.
Third, the 8-day-exponential moving average (EMA) is above the 21-day EMA and MACD is rising. Those signals may reflect a shorter-term uptrend.
Finally, bullish price gaps after the last two quarterly reports may reveal improving fundamentals.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
USDJPY - Analysis and Potential Setups (Intraday- 10.02.25) Overall Trend & Context:
The OANDA:USDJPY pair is in an overall downtrend on the higher time frames and has reached highly significant support/demand levels. Lower time frame has given bullish indications, we can try to capitalize on this.
Technical Findings:
Price broke above the 200 EMA - this can act as dynamic support so watch current levels.
Demand zone was formed after sweeping internal liquidity (which resulted in an impulsive bullish break).
RSI shows overbought conditions - resulting in a pullback which is what we want to see to confirm price action (currently trading below the 50% level of the RSI)
Potential Scenarios:
Since we have seen a reaction off HTF supply zones we should wait for proper confirmations prior to entry.
If the demand fails, short positions should be considered - analysis will need to be adjusted to adapt to changing supply levels.
$SPY February 10, 2025AMEX:SPY February 10, 2025
15 Minutes
For the rise 595.99 to 608.13 AMEX:SPY retraced 61.8%. So, 601-602 is a good level to go long with SL 598.
Since the retracement was 61.8% double top is possible around 607-608 levels.
So looks good R:R ratio.
Foe the fall 6018.13 to 600.65 need to cross 605.5 for uptrend.
Hence 601-602 buy will have a target 604-605 levels.
But AMEX:SPY at the moment is below moving averages with 200 and 50 being around 603 to 604 levels which i expect to be resisted.
Hence no trade today.