mrstockyetoro

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities reversed course on Tuesday trade, however two aspects remain unchanged: 1) Nasdaq outperformed Russell 2000 2) Late buying into the close. ➤ Without that late buying, I would have taken a small short position to test out the waters, jumping straight back into the action. It was a close call. As it is, I will have wait to...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities continued their advance although it was the DJIA large caps that led the way. We haven't seen that for a while. ➤ S&P500 has hit the first resistance zone. I also got the exit signal to my long position. I guess that's a pretty good place to part from a solid profitable trade. ➤ If we observe some chart patterns,...

mrstockyetoro

Unless NATGAS can claim back the support zone very shortly, this looks to be heading further down...

mrstockyetoro

Clearly the support has held and a bounce is occurring due to news on oil production cuts over the weekend. Now we just have to see if price action results in a CHANGE OF BEHAVIOUR to usher in a potential long-term price reversal. As it stands, the downtrend remains in tact.

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ The mid-March march in equities has neutralised the short-term down-trend. A higher high as been set. To move from neutral to an uptrend we need to see a subsequent higher low. That potential higher low could come swiftly. ➤ S&P500 is at key levels with 410 and 417 acting as resistance on the SPY. A correction in the price should...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Once again equities gapped higher. Depsite some "gap filling" action, price recovered to finish some distance from the lows. All is not equal of course, Nasdaq still leads the way and Russell2000 small cap woefully lagging. Long big tech and and short the weaker small caps would have been a wonderful trade. ➤ So is there MOAR upside...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities shot up higher with you guessed it...Nasdaq leading the way. If investors did not have a large tech allocation, they have been left way way behind at least so far this year. ➤ S&P500 is up 5% YTD but is now back trafficking at the 400 level. This has been the recent "zero" line from where prices oscillate up and down 5% on...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Another low volatility day. Equity prices recovered to finish where it started the day. For me it meant flipping my short position to being long/buy. ➤ "The Flipper" in Cricket is a bowling action made famous by the legend leg spinner Shane Warne...may he rest in peace. It's a normal looking spinning delivery but actually just skids...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ A low volatility start to the week. NASDAQ underperformed while Russell 2000 small cap caught a bid. Price could not push through the short-term resistance level above 400 on the SPY. VIX keeps moving lower. ➤ I'm finally back in the action with a moderate short position. It's going to be a short stay, 1 or 2 days perhaps. It was...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ The week ended positively for equities with brisk late buying on Friday trade. The exact opposite of the late strong sell-off on Wednesday just on a smaller scale. That sell-off remains the dominant feature. ➤ With the exception of Tech and perhaps day trading, it was pretty choppy everywhere else for generating returns. Somewhat...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ I'm not a day trader but it's a perfect market environment to be one. Volatility is just at the right level where prices swing/trend but are constrained in a range. Today was a perfect example. ➤ Equity prices swung up and down and finished slightly positive. Once again NASDAQ outperformed and the regional bank heavy Russell 2000...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ The Market is indeed the BEST Dentist. Rarely does it allow a gap to remain. The price gap in the SPY from Tuesday trade was immediately filled. Yesterday, I contemplated about the manner in that it was to be filled. The Market decided on the second option - a spike higher before moving lower. ➤ Equity markets sold-off aggressively...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Another positive day in equity markets and I'm sensing some kind of pattern. Small cap caught up a bit with the main indices. ➤ Today (Wednesday) is the main event. It's the US Fed interest rate decision day. There's no doubt everyone has an eye or ear on the announcement. ➤ Before you ask, I have no clue on the outcome per se and...

mrstockyetoro

My last update was over 1.5 months ago. I was looking for a continuation of the downtrend in the price of Oil down to the mid-60s area. I expected this to happen soon or after a period of side-ways movement. Subsequently, Oil proceeded to trade sideways and in recent days has reached the support level as outlined in the chart. We should expect strong support...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Positive day in equity markets and for once Nasdaq lagged in the advance against other major indices. ➤ There's lots of conjecture out there about the outperformance of the Nasdaq and for that matter Bitcoin over recent days during banking crisis. In my opinion, this was all directly related to the massive drop in yields in the Bond...

mrstockyetoro

My earlier Feb 2023 flash report focused on a downside Change of Behaviour/Character in the uptrend of the Gold price from the Sept '22 low. At that time, there was a possibility that the uptrend ended. I then expected the price to re-test the Feb high. If that re-test of the high failed, I would have been confident to conclude that the uptrend was done. The...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Friday trade in Equities ended down. However, when viewed from the candlestick charts, you can see that the price action was fully "engulfed" by the Bullish candle/bar on Thursday. The interpretation of this action should therefore place more importance on the dominant Bullish candle. ➤ In early Monday Asian trade, things are...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Thursday trade saw the biggest one day gain of the year for equities. There cannot be any doubt of it's Bullish intent. For the past few days we saw prices being supported after bouts of selling pressure. This absorption of the selling is what has led to the huge move. ➤ I was spot on with that observation having taken a long...