dorfmanmaster

dorfmanmaster

We just received the 25 basis points rate cut. The market had already priced it in. Powell just released the statement. It seems to be a dovish one . He will start his speech at 2:30pm, where the market will try to understand the possibility of a 4th rate cut in December. The CBOE Fed tool has the 4th cut in December at 26%. We should see the yield curve...

dorfmanmaster

A golden cross criteria is met when the 50sma crosses the 200sma in an uptrend. We might see it happen on CAH soon. We see a potential flag with $52 resistance up-top. OBV sustaining the chart's price. RRR is good @2.5 *Check chart for more details

dorfmanmaster

The cross is using the 20 and 50 exponential moving average. $136.5 --- short term support If we brake down, the next support is close to the 200SMA ($130). The rate cut tomorrow with Powell's speech will most likely move this indicator.

dorfmanmaster

Fundamental / Technical / News analysis Microsoft earnings were positive. But they were not enough to break this channel since June 10th. Today we gapped above resistance, breaking the channel. This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms. Revenue from the JEDI...

dorfmanmaster

ABBV is currently breaking the 200sma, ending a 14 month downtrend. On the next days I will be tracking the next tools: OBV should trend higher to confirm this new uptrend. It still has not done that. 3 candlestick closes above the 200SMA would also be a confirmation signal.

dorfmanmaster

BTCUSD's price is resting at the 200SMA support. We are also consolidating on the 61.8% retracement area. OBV has not trended lower. Would short if we break this level with large volume, or if we reach 7200 limit.

dorfmanmaster

Technicals Facebook has filled the gap and the 50SMA, now its top is working as support. --- Bull The yellow rectangle I drew on the bottom wick of today oct.18.19, has an above volume average. --- Bull Details to enter position Enter: 185 Stop: 175.4 Sell: 204 RRR: 2:1 * Check out my previous analysis right before the gap (linked)

dorfmanmaster

CL has been downtrending in OBV, RSI. Today CL broke its 200SMA. Which is a technical tool large institutions use to short positions. On a weekly chart, we are now resting on top the 50SMA. If we can't get a some support there, I expect CL to drop to $64.

dorfmanmaster

Technical analysis First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap. This gap is starting to get filled on a downtrend. RSI(10) @27 - Remember oversold can continue to be oversold for a long time. ------- Fundamental Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger...

dorfmanmaster

TSLA broke the 200SMA (pink oval), a couple of days after the MACD signal turned positive (yellow oval). RSI(10) @65 OBV slightly higher (blue oval)

dorfmanmaster

75% of WYNN revenue has exposure to China. With the recent political news we are getting on "partial trade-deal", WYNN is up over 7% with above average volume. Could be a good opportunity. Great risk reward ratio. (Check chart).

dorfmanmaster

Trump has said many times before, he did not want a "partial" trade deal. There seems to be real volume and buying, sending the whole market to highs. There is a possibility that this "partial deal" is just a delay of tariffs (october 15th, and December?) and buying of agricultural products (soybeam, pork). Which we have seen before, unfortunately, to mean...

dorfmanmaster

We broke a long-term trend since the begining of the year. Breaking $51.5 support line, could probably take us close to YTD low. Monitoring closely.

dorfmanmaster Updated 

Today's market showed some breath, specially for software. Which is normally a growth>value story. $118 is the closing gap resistance. Important market sentiment: Tomorrow October 4th will be a deciding move, as we get the employment report before the open (8:30am ET). With recent continued weak manufacturing data, this employment data could tell us if a...

dorfmanmaster

Back in the middle of June, we jumped over $182 to $185 approximately. We are in a short-term bull trend, a support at the 200SMA. If we can fill the gap (check chart), we could see a rally up to $200.

dorfmanmaster

The growth>value might make a comeback. Checking the Nasdaq (QQQ) and how the day ends will be important.

dorfmanmaster

Technical analysis OBV keeps a steady uptrend, surprisingly... Since its price has dropped about 40%. Fibonacci retracement has its 61.8% line at $102. We are at a SMA(100) support. Market moving out of growth, into value. Moving market news Pivotal research downgrades to $60 (SELL). Comcast (CMCSA) is gifting its streaming box, it was...

dorfmanmaster Updated 

Market moving news Microsoft just approved a 40 billion dollar buyback. They are also raising the dividend by 11%. Technical analysis Reaching all highs on above daily average volume.