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USDTRY Trending Strong!Forex pairs have been off the radar for some time as most of the action has been in stocks. But here and there, certain forex pairs will pop up with opportunities and this is the reason that we never take our eye off the ball. You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira and has consistently been on the rise for a number of years now. In 2018 alone, we saw a sudden surge in price with a rise of 89% in just 8 months of that year. Like with most big trends, price will take a break in the form of a pullback or period of consolidation. In this case we saw price consolidate for 2 years. With consolidation zones, we always want to patiently wait for breakouts because we can expect to see a strong move in the direction of the breakout. So far, this breakout has started to trend nicely to the upside with price already up 7.3% since breaking above resistance at 7.0831. With a trend currently in play, we have to look at the next area price may move to and we can see that then 8.0000 round number is above and may act as resistance. We currently have a position in this pair and we will look to compound as long as price continues to break previous levels of resistance. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
2
Nike Climbs While The Rest Of The Market Dips.Nike has been off the radar for some time, especially since it started consolidating from December 2015 to May 2018. The trend following its breakout of consolidation has lacked the energy and momentum of the prior trend when Nike shares saw a growth of 612% from March 2009 to December 2015. The trend experienced its first pullback and made contact with the resistance turned support at $68 in December 2018 before slowly rising again. Then due to the recent global pandemic, Nike shares plummeted towards the support at $68 once again. We then saw a sharp increase in price, seeing a rise back above the 200 simple moving average and since then we have seen a linear trend in play. The market as a whole are experiencing pullbacks and Nike looks set to end the week pulling back itself. Despite this, Nike is outperforming the rest of the market at the moment. Nike has the daily 20 simple moving average below it at the moment which may provide support, then we have the 50 simple moving average as a second option for support. Nike remains at the top of our watchlist for the simple fact that it has started to trend well and may continue to do so for some time going forward. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:NKELong
by Sublime_Trading
Microsoft Clearing Resistance Levels With EaseMicrosoft is looking strong and another stock that has performed well following the global pandemic is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index. Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering growth in a short period of time. In the late stages of June, price smashed straight through the $200 round number, but in July price used that level as support and is where price formed a base. Momentum started to build and we can see that the buyers were eventually able to push price higher to eventually create new all-time highs. This stock has a history of good long-term trends, and we may well see one in play right now. We can never predict how long a trend will go on for but we must take advantage of the high probability trends that present themselves to us. As price broke out earlier this week, we should see this stock continue to fly. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:MSFTLong
by Sublime_Trading
S&P Breaking Records Post Pandemic!This week has seen the S&P 500 make new record highs, which is far from what many investors expected to see during the middle of the global pandemic in March. The previous all-time high at $3393 set back in February, was holding strong last week as we witnessed the buyers trying to claw its way above this level without success. Price has been sailing higher for the past 11 years after a support level, just above $600, was formed and since then this index has risen a staggering 411%. With the markets recovering so fast following the 35% decline in just a matter of weeks during February and March, price may well just continue on from where it left off and continue to create new all-time highs. We are seeing stocks such as Apple and Tesla performing really well and with the S&P looking bullish once again, we should continue to see many more stocks follow suit. When we see bullish activity, there is the possibility of feeling overwhelmed from an influx of strong trending stocks, so we must always remember to only look for the high probability opportunities in order to stack the odds in our favour. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Editors' picks
SP:SPXLong
by Sublime_Trading
37
Tesla Resting After 400% Rise!With Tesla seeing a rapid 400% ascent from March to July this year, has the steam finally run out or is price setting itself up for the next assault on levels of resistance? In March, price found a base at the 200 simple moving average, using this zone as support. The 200sma cushioned the fall in price which saw a drop of 61% during the global pandemic. From that point, price built up plenty of momentum then moved above the 20sma and went on to use it as support. When price uses the 20sma as support, it is a strong sign of a linear trend and these are the types of trends that we want to ride because it can result in fast and easy profits as we gain the opportunity to compound and maximise on potential profits. Price has now formed an area of consolidation after the impulsive move. This consolidation may just be a period where price will rest before continuing the trend or we may start to see a bearish trend forming. Price has now moved back below the 20sma but this is nothing to worry about as the bias is still bullish as price remains above the 200sma. With a trend continuation, we may see price move up towards the $2000 round number but only time will tell what will happen next. If $2000 is broken then the sky is the limit for Tesla. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Editors' picks
NASDAQ:TSLALong
by Sublime_Trading
36
S&P Very Close To The All-Time HighThe S&P 500 made a sharp reversal following the 35% huge declines we experienced as a result of the global pandemic. From the lows in March of this year, price has moved up 52% and still climbing. Since price moved back above the 20 simple moving average on July 1st, the 20sma has been used as support which is a good indication of a strong linear trend. Momentum is increasing as price approaches the current all-time high which is at $3393 and created on February 2020. This is definitely what we want to see as price moves towards a major level of resistance. Anything can happen going forward. Price may break straight through $3393, or it may act as an obstacle and force price back in the opposite direction. We are treading with caution and will only be confident about taking long opportunities when new all-time highs are created. At the time of writing, price is less than 50 points away from the all-time high, so contact may happen in the next few days or weeks. These are interesting times ahead and we might be in store for more trends through the rest of the year. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Will Apple Split Affect The Share Price?Apple has seen some significant growth since April this year and still has the potential to soar to new heights. From looking at the history of this stock we can see that following the end of trends, price tends to pull back before resuming the trend. Right now price is in the trend phase and a pullback could kick in at any time. The other thing we can notice from the history is that the trends usually last for several months and the pullbacks have lasted for months as well but not as long as the trends. This is typical behaviour for stocks as price falls faster than it rises. What’s interesting about recent price action is that the trend, which usually lasts several months, has only been in play for 4 months yet it has moved significantly to the upside. This is a big difference to the previous trends. Price is moving a lot faster at the moment and has recovered well from the declines we experienced as a result of the global pandemic in February and March. Apple is due to have a 4-for-1 stock split at the end of August, therefore the price of each share will be divided by 4. This may change the direction of the trend but with the price of a share decreasing, there may be more interest in Apple shares as they become more affordable and this could result in more shares being purchased. At the moment the trend is still up so we will continue to look for long opportunities but preferably after the stock split has taken place. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AAPLLong
by Sublime_Trading
5
US Markets Fly Into August!The S&P has started off August with good momentum, opening for the day with a gap up candle and edging ever closer to the all-time high at $3393 from the February 19th 2020 high. The pattern of higher highs and higher lows is evident when looking at the daily timeframe, from the March 23rd 2020 low. If the momentum continues to build then price should make light work of the all-time high but if not then it may just take a bit of time for price to eventually break through this level. July’s candle broke and closed above last year’s high, which is something that price has not been able to do this whole year. This is significant because it gives us an indication that there is potential for the trend to continue on for a while. Price has now risen 50% since the decline caused by the global pandemic which is the type of recovery we want to see following that 35% decline we experienced in the space of just a month. With the aid of the 20 simple moving average being used as support, we should see this strong linear continue to create record highs. Many more opportunities in stocks should start to present themselves as a result. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
S&P Stable And StrongThe S&P edges closer to the current all-time high at $3393 from February 2020. Since March, following the declines triggered by the recent global pandemic, price has been forming higher highs and higher lows. Price did experience a mini period of consolidation from June 8th 2020 to July 20th 2020 where price broke out of consolidation. However, on Friday price reentered consolidation and formed an indecision candle. We do now want to see a swift move back out of consolidation and towards the all-time high and beyond. If price decides to decline further, then we have the 20sma below price. At the moment the overall trend is still up, which is why we are pretty much still bullish in UK and US stocks and we are also now bullish in Gold with our recent initial position now in profit. The markets are currently looking strong despite the fact that we are now in the summer holidays where there is typically less activity so we will continue to enter into high probability investments. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
2
Going For Gold!The wait for Gold has been long and has tested our patience, but after 9 years of consolidation, record highs are being created for this precious metal. Prior to the consolidation period, price was in an 11-year strong bull trend, rising from a low of $250 all the way to the previous all-time high set at $1920. As with most good things, they soon come to an end and that is exactly what happened with this trend. After a trend, they need time to reset, especially one lasting for 11 years. From 2010, when the previous all-time was created, price declined within the consolidation zone to a low of $1046. After finding a base, although price was still in consolidation, price started to form higher highs and higher lows. Gold saw declines and increased volatility during the recent global pandemic during February and March but the bullish moves soon continued. We are now seeing price creating new all-time highs but do remember that this may turn out to be a fake breakout. Also, even if the bulls continue to push price higher, we still have a major level of resistance in the way of price in the form of the $2000 round number. This is a psychological resistance level so it will be interesting to see how price reacts to this level. Right now, we are seeing good signs of a bull trend and should price make it above the $2000 round number, we could see another long-term bull trend in Gold. Our current position is in good profit and we will look to compound once price moves above $2000. Will your strategy position you to take advantage of this investment opportunity? If not then check out our 4-part series below. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
Amazon Using $3000 as SupportAmazon has gone on to reach staggering highs of $3344 this month and is proving to be a dominant force in online shopping. While the world has been in lockdown during the pandemic, Amazon has been busy delivering much-needed items to people around the world. It was in 2017 when Amazon moved above $1000 a share, then in 2018 price first broke above $2000 but then we saw a decline down to $1300. Then is April 2020, the share price started to shoot through the roof, moving above $2000 once again, as most shops remained shut and with Amazon being the obvious place to buy goods. With every trend, we will see pullbacks along the way and price has started to pull back. When we see signs of a pullback, we always want to identify levels of support that price may come down to. The next major level of support below price is the $3000 round number which is a psychological level of support. If this level holds then we should see a bounce back to the upside. If this level does not hold then we want to look for other levels such as the 20 & 50 simple moving averages. As for now, Amazon is still bullish on the monthly, weekly and daily timeframes and a break and close above the all-time high at $3344 will confirm a continuation to the upside. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AMZNLong
by Sublime_Trading
S&P Held in Mini ConsolidationThe S&P has been held up well by the $3000 round number, the 200 simple moving average and a major resistance turned support level from the 26th July 2019 high at $3027. This level was a previous all-time high and is now acting as a strong level of support and has been responsible for keeping price from falling recently. Following on from the impulsive move we saw from the 23rd March 2020 to 8th June 2020 where we saw price climb from $2191 to $3233, exhaustion has kicked in and we can now see price is being held in a consolidation zone. It would be ideal to see uptrends that just continue to rise and rise but in the markets that is not possible. There will always be pullbacks and periods of consolidation in a trend and this is just what we are currently experiencing. The base of the consolidation zone has formed at the support levels mentioned above and if the low of the consolidation at $2965 is broken then we may start to see bearish moves in the markets. If the consolidation resistance is broken, which would be ideal as we are in an overall uptrend, then we should continue to see further bullish moves in the markets. As the uptrend is still in play, we can continue to look for long opportunities in stocks but we are still waiting to see a breakout to the upside of consolidation. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
S&P Bouncing Higher!After such a rocky start to the year, the S&P appears to be finding its feet and getting a grip using the daily 200 simple moving average. Price declined by 35% from February 2020 but quickly recovered once price found support in March at a low of $2191. The recovery took price to a high of $3233 on June 8th 2020 before the expected pullback took place and brought price down to the cluster of support at the 200 simple moving average, the $3000 round number and the resistance turned support created from the high of July 26th 2019. A few days later price started to find strength only to see another move back down to support. Again, we are seeing a bounce from support and we want to see price continue to create higher highs and higher lows. Price appears to be in a mini period of consolidation from the July 26th 2019 high but a break above that high at $3233 will confirm a continuation to the upside. As the overall 11-year trend is still bullish, the bias is for a continuation of the bull trend. Ultimately we want to see the all-time high broken at $3393 and then we should see a trend emerge in the markets. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Gold Proving Resilient!Gold is not a fast mover but nonetheless is proving to be resilient and creating higher highs and higher lows despite obstacles along the way. The global pandemic forced price down rapidly to the 200 simple moving average in March of this year. Price quickly found its footing and soon began rising and breaking above previous highs. From April 14th 2020 price went into consolidation and eventually broke out on June 22nd 2020. The high of the consolidation zone at $1747 has turned from resistance to support. Going forward, if price remains above the consolidation zone and uses $1747 as support then we may see further trends to the upside. There is still the all-time high at $1920 for price to break through and price may eventually make it to that point and beyond if the trend remains consistent. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Editors' picks
TVC:GOLDLong
by Sublime_Trading
8
S&P Holds At Support Once Again!The FTSE 100 has displayed consistent strength since the low at $2191 in March 2020, soaring up through the important 200 simple moving average. The 200sma was acting as resistance but now appears to be holding as support. This support level is clustered with the high from July 26th and the $3000 psychological round number. This area was used as support earlier this month and is doing so once again. What we want to see going forward is a bounce off this level and a move towards the current all-time high at $3393. This is usually the point when many investors sell their stocks as they become fearful of further declines. This is why it is really important to understand how to read price action because you want to avoid selling positions during pullbacks to support, only to see stocks move further in the direction of the trend. There are stocks performing really well at the moment such as Apple and Microsoft so we will continue to enter into stocks such as these and profit from the current bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Netflix Booming Through Lockdown!With the global lockdown in place, many companies have seen huge growth and one of them is Netflix. This is understanding as many people are confined to their homes and looking for ways to keep the family entertained. Netflix started to see its share price rise fast back in April this year but failed to break out of the two year period of consolidation in April and May. So far this month, price is trading outside of the consolidation zone but we will have to wait until the end of the month to see if price can close outside of the consolidation zone. This will be important because it will indicate further bullish moves. The current all-time high was set last month at $458 so we want to see price clear this level and continue to create new all-time highs. Once Netflix sets up for a high probability opportunity, we will share this opportunity in our free community. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Editors' picks
NASDAQ:NFLXLong
by Sublime_Trading
S&P Bounces off $3000The S&P 500 is having a good week so far and as things stand, it looks set to continue the bull trend for some time. Back in May, price broke above the $3000 round number and was looking strong and heading towards the all-time high at $3393. As to be expected, price pulled back which is the case with trends and came back to a major support level. Price pulled back to the $3000 psychological round number. This level also coincides with the daily 200 simple moving average (not shown). After ending last week around $3000, the bulls have been able to bounce price off the support level and the uptrend appears to be continuing as it left off. It can be hard to believe that price has risen 43% following the fast declines we saw during the pandemic but the technicals do not lie. As the market remains bullish, we will continue to look for long opportunities in the best trending stocks. We share some of these stocks in our community. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Nasdaq Leading The IndicesNasdaq is the only Index creating new all-time highs with the S&P and Dow Jones lagging behind, but if the bullish moves continue it should not be too long before they follow suit. The previous all-time high was set back in February 2020 at a high of $9736 which was broken this month. If June’s candle can close above this high at the end of the month then we should see a continuation of the uptrend. Also, price is trading above the major $10000 round number which is a significant level of resistance. How price reacts to this level over the next few days and weeks will help to indicate where price may be heading next. If price starts to decline at $10000 then we may see further weakness or a pullback before a continuation of the uptrend. If price remains above $10000 then we should see further strength in the markets. The Nasdaq contains Tech stocks and you will notice that many stocks in this sector have been performing really well during the lockdown period as many individuals and businesses have been heavily reliant on Tech companies. We are long on a few stocks and will be looking for further opportunities as they present themselves. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:NDQLong
by Sublime_Trading
Gold Consolidating For Now!Gold is showing strength but is still inside a consolidation zone which began on the 14th April. Price attempted to breakout above the consolidation resistance level at $1747 in May but failed. So far, price is looking strong this week and with enough momentum, we may see a breakout soon but we need to wait for it to happen to confirm a continuation to the upside. Gold tends to trend well over the long-term, so despite the current sideways movement, over time we may well see Gold continue to rise. This commodity requires a lot of patience and if the uptrend continues then we should see price reach the current all-time high at $1920 sometime in the near future. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
S&P Finally Smashes Through $3000!It was just a few weeks ago where it appeared as though the markets were going to continue its free fall after declining 35% during February and March of this year. After some hectic selling, brought on by the pandemic, the buyers were able to finally regain control of matters and have since pushed price back up 43% so far and counting. The bullish momentum has also seen price smash up through the psychological $3000 round number which is now resistance turned support. The monthly timeframe (not shown) clearly displays the 11-year overall trend following the housing market crash in 2009. What we want to see going forward is for price to continue to rise and break and close above the all-time high at $3393. A break of this level will confirm a continuation of the uptrend. We have started to enter into some stock positions and you can learn more about why we are back in the markets through our free mini-training series below. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Gold Aiming To Leave ConsolidationGold is clearly in consolidation and stuck between a high of $1920 and a low of $1046. This is just Gold’s way of recovering following its 10-year 630% rally prior. During the consolidation period, price was on a decline which almost made it to $1000 and has since recovered by 63%. As long as the current uptrend within the consolidation zone continues, then we want to see price continue towards the all-time high. A break a close above the all-time high at $1920 should see a continuation in Gold but we have to bear in mind that the major psychological $2000 round number may be a strong level of resistance. At the moment we are mainly focusing on stocks as they are currently on the rise but we intend to keep a keen eye on Gold for potential investment opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
S&P Eyeing $3000!The S&P 500 is continuing to gain ground and with enough momentum, we should see price reach the $3000 round number. Whether price will successfully break above $3000 is anyone’s guess but we may see it make contact with it in the near future. As the current pandemic appears to be settling down in certain parts of the world, investors appear to be more relaxed and confident about their investments. This has been reflected in price action, as we have seen a 34% climb in the S&P . The candle for May so far is looking bullish and if the candle can close bullish then we should continue to see bullish moves. A break and close above $3000 will be significant and this will be the point that we will once again look for long opportunities in the stock market. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Gold Coming Into a SqueezeGold displayed strength to the upside during March & April of this year but has started to slow down this month. The reason for the slowdown is due to the recent high at $1747 which is proving to be a problem for price. Despite the hesitation at resistance, price has the 20 simple moving average below to use as support. Price is currently in a squeeze, in between the resistance level and the 20 simple moving average, and will soon have no choice but to break out on either side. The trend is up and the bias is for a breakout to the upside but we need to let price dictate the next move. If the previous high is broken then we will start to look for opportunities to enter long positions as long as there are no major resistance levels above from the monthly and weekly timeframes. If there are then we will need to continue to apply more patience. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading