Stockmarkets
guns and butter, Do you remember ECON? $RGR has been doing pretty good the past few months just went over a monthly resistance. Looking to test $65 then $70.
ER is $70 I truthfully think this is an actionable trade.
redline is stoploss for bulls, and point of entry for bears IMO
MAKE THAT MONEY
$SPY $amd $NVDA $PENN $MVIS $QQQ $tqqq $AAPL $SHOP $TSLA $ROkU
At a Critical Area! $3,000 in our eyesight We are def. at a critical area. I'm still leaning slightly on the bullish side. 3k is a good possibility if we bounce and stay within the upward channel. If support doesn't hold and we drop. I see us then re-testing the $2600 area. Hoping for the best, GL to all with trading.
NASDAQ100Short position on NSDQ. Chart on daily. I follow the Fibonacci retracements and have a look on MACD.
Targets:
1. 8566
2. 8202
3. 7837
4. 7366
5. 6658
EGX30 - Egyptian Stock Market - weekly chartA negative Elliot wave scenario for EGX30 under 11000 may go down to 7800 as a first target then down to 6000 but above 11000 will cancel this scenario
Sell in May and go away
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates.
Stockmarkets are surging.
No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out.
Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home.
But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money.
It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them.
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SPX SPY S&P500This is how I see the S&P500 playing out. Nice counter trend rally and looking to complete an AB=CD retrace.
Just a simple overview of how I see it playing out
AMD needs a pullbackAMD started downtrend from ATH 59 level and created a new bottom at 37.64 thereby completing ABCD pattern on 3/18/20. It has since started a new impulse trend respecting ABCD harmonic pattern with fib levels acting as resistances. On March 30th, AMD completed 0.5 fib retracement 48.02 to complete wave B without going through a single pullback, therefore, it had to retrace back to 0.38 and 0.23 fib levels to complete wave C. Wave CD is supposed to be completed at 127.2% or 51.16 but AMD pumped on low volume today( even AH) along with many other NASDAQ stocks. I was expecting AMD to retest the trendline before breaking out of triangle but this market is not following logic or common sense lol. If AMD breaks 51.16 level tomorrow, the next level of resistance is 0.78 fib level (54.47) but gapping up there without retesting the trend is makes it look very very overextended and short waiting to happen. IDK why the market is rallying when unemployment numbers are sky high and demand for consumer products falling ( especially electronics) but I am not bringing fundamentals into this analysis. Let's see where we open tomorrow- If we gap up, we have a level at 52.85 gap-fill above so maybe that is a good level to start a short position. If we open red, I will consider adding 4/24 puts at the break below 49.5. Good luck trading tomorrow!
Disclaimer: The above thoughts are my own and should not be considered as investment advice.
DOW - COMPLELTY OVERBOUGHT DONT BUY THIS!Hello guys,
Rich people pumped the stocks in order to sell their positions in higher prices, please dont buy at this levels or you will see a blood bath again in the next months.
I highly not recommend to buy at this positions.
Thanks!
S&P 500 further downside to the 1800 value area in late May 2020If today is the top of the corrective wave, then we can establish a Fibonacci extension from the all-time high, to the most recent major low and then to today's top. The 0.786 Fibonacci extension level is within the same value area as some important prior market swing lows.
A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely scenario.
May 26th, and a few trading days before and after, represent a likely stopping point for a move higher.
May 26th is 96 days (90-day cycle) from the all-time high.
May 26th is 49 days (Death Cycle) from today's minor swing high.
StockMarket Update : Looking for Indices Range BounderiesHope this idea will inspire some of you !
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How i know what stock have a good future in a crisis - TutorialHello,
Some people asked in Telegram / PM how i know what stock will go up and which one should them short or long.
I made a list about the different sectors of SPX 500 if its needed to go bear or bull on it.
After you choose the sector you need to check the ADX of the coorporation, it need to be strong and always remember to chose the strongest coorporations of the sector that you selected.
Here is the graphic:
imgur.com
You can see my last charts that i did green on almost all of them.
Hope you liked and helped to you!
Please follow me to keep doing daily analysis for free!
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Regards,
ZOOM completly bullishI expect zoom keeping bullish as all signals show us an ascending channel with a really good improvement.
STRONG SELL TODAY S&P500 - -5% ++Hello,
I expect a really negative closing of S&P 500 this week as the details of covid19 are destroying lot of benefeits from big coorporations.
Dow Jones Reversal Pattern?We have yet to see TWO consecutive green days on the Dow for quite some time...will be finally get that? We have the monetary side with the Fed now buying up assets with unlimited funds. The fiscal side is next with a relief package to be passed in congress.
We had a record over 2000 point gain day today.
From here, we are approaching a very crucial zone. We are looking at the 21000 zone here as it is the last lower high swing. According to market theory, as long as we are under this lower high swing, we are in a down trend. Ideally, would like to see 21000 tested, a pullback, and then a break out. This would give us our first higher low swing to work with AND create the quintessential reversal patter, the head and shoulders.
