Something interesting is happening in this economy due to the coronavirus... the trading volume has doubled.
Volume has an interesting effect if you have ever traded penny stocks. It makes the market perform in a way that only an angry mob does. Suddenly day traders can make sense of patterns tools thought to be lost since the days of high frequency trading began...
NASDAQ:AMRS came up on my stock screener as a likely candidate for a long bounce. The 14 day RSI was below 30, and the stock was currently sitting 5% above it's 20 day low. There are other ways of identifying a bounce, but this way is just as good as any other.
I started digging into why that may be and came across a sour earnings report after a positive spike...
KRAKEN:ETHUSD Has seen some interesting exponential growth, so I turned my logarithmic scale on and looked for clues towards the future. One thing that especially stuck out to me were some very obvious lines of support and resistance, sometimes at psychological price points and other times at high or low trend lines. One line in particular was interesting: the...
COINBASE:LTCUSD Has officially recovered from its bulbous shaped bubble as of December 2018, the MACD showing divergence to the bearish market as early as August 2018. However, I am not convinced it has returned to the previous arcing trend. There appears to be a convergence of highs and lows that is a bit too conservative for what is a volatile asset.
I...
Trading patterns can be seen as random data along a path of least resistance. Such random data though beautiful can often be seen as having a pattern in a way quantifiable. Take, for example, the Fibonacci sequence. It has no real power in which direction the market is trending, but often you will see key levels at golden ratios. It's not necessarily a pattern...
IVZ has low P/E, D/E, and P/B ratios, despite growing revenue and dividends. Therefore, my 5 year outlook is bullish. I suspect the best times to buy are around a low of $19.40 for a short turnaround, but the price may get as low as $18.58 in as little as 2-3 weeks if the impulse from Jan-Feb echos the latest high.
Other possible low points for the suspected...
NYSE:ANH is a stock that has formerly had some wild swings. Yet to come is another one, which I suspect is first down and then up. The general trend is down, and the only analyst has set a 4.00 target with no range. Once that is achieved, however, it will likely sharply rise since there is no reason for it to be that low, given a price/book value is at a low...
Last time we saw a CCI this low, it resulted in a double top. Same could happen here, ladies and gentlemen. To reinforce this morning as a good one, we had a double bottom on the NQEM RSI-21 on the 15min timestep. Cryptocurrencies closely correlate with the emerging market indexes, so this is another good sign we can enjoy a bullish run this morning.
AMEX:SPPP gave me a scare this week when the stock plummetted, but it seems it will likely make a full recovery and continue its bull run, at least in the short term.
The price of palladium and platinum are based on two things: supply & demand. However, it is more complicated than that. There is also market speculation on supply and demand which is often seen...
NYSE:NLY is a bit less bearish in comparison to the other stocks in its peer group of REIT's with Div/Yield over 10%. You can see this since its P/E ratio (using FFO) is much higher, probably due to consistently high analyst ratings and their various reasons for evaluating it with neutral to positive ratings.
As of recently, it has seen a weakness in...
FCAU has seen considerable improvement under its new management, and with the recent cleaning up of debt, they announced last month that they will be giving out dividends. FCAU has not paid a dividend since 2016, so this is incredible news for what I believe to be a very valuable stock to own in the next few years.
Despite positive earnings, FCAU has seen a...
