mrstockyetoro

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ It was a strong red day across the board with small-cap and tech suffering the most. Interestingly the DOW 30 lost more than the S&P500. That is unusual. Our hanging wo(man) failed to hold on to support on two accounts. Firstly the short-term low at 405 and also the 200-day Moving Average. ➤ Today's losses wiped out all of the...

mrstockyetoro

Needless to say, this week is an important week for NATGAS price action. ✪ Price needs to hold within or break above the SUPPORT ZONE asap. A sizeable rebound higher would be expected if this succeeds. 📈 ✪ Failure to hold the SUPPORT ZONE will most likely see prices deteriorate further, possibily to the LOW at $1.50 😓 ☝️ We are yet to see a state of...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equity prices finished Friday trade in an unconvincing manner. It looks like a wo(man) struggling to hang on from height (as illustrated). Obviously I'm a bit biased given my short positioning. Price did hold above the recent low at 405 so there is an opportunity for price to continue to recover. ➤ BTW, have you noticed that on...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ We continue to see significant intra-day volatility in equities. Swings in excess of 1% up and down are now the norm. We should continue to expect this especially during this crucial period. ➤ This is the first day after many that the prices have managed to finish lower. The Bulls were not able to support the price. Their attempts...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ For the fourth consecutive day, price finished the trading day higher than the open. All this "bullish" action has occurred within the shadows of the large "bearish" bar on 9th Feb. ➤ Yesterday, I looked at the Bearish case of this "laboured" move. Today I'm going to touch on the Bullish story. ➤ The case for being Bullish is quite...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ The price reaction post the Inflation data was anti-climatic. Equities started lower but ended higher. Overall, slightly down from the previous day. ➤ Don't be fooled by my chart that has plotted an almost perfect trajectory for the price path thus far. This will most certainly be wrong. I'm no Nostradamus. ➤ For Traders like...

mrstockyetoro

BTC and Crypto fans in general should be rightly optimistic for the future price direction of the asset. BUT before we get carried away with the dream of $100k or $1million price target there are some technical aspects we should be aware of in the months ahead. First of all, allow me to explain why there should be optimism from my technical viewpoint. If we view...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Happy Valentine's Day to all my Copiers and Followers! Even if the market is showing you no love, I still will! 😘 ➤ Equities moved higher Monday. It was expected but I didn't know to what extent. Nor does it matter unless it moved beyond the levels as set out in my post yesterday: "The Perfect Trade Plan". See related idea below. ➤...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Here's my plan of attack for the early part of next week if all things go according to plan: ⦿ I am already holding a small short position in the equity market. I'm looking for further downside to play out in the next couple of weeks. The major catalyst is the US inflation data release this coming Tuesday. ⦿ As illustrated on my...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ I’m no Trading God, but was today’s price action the Last Supper for the Bulls? Is the free flow of sweet wine about to be cut-off? Not sure if this reference was blasphemous, I plead for mercy. ➤ Equities opened the trading day aggressively higher but by the end of day it was a complete 180° reversal of fortune. What do I make of...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities failed to keep the upward momentum. Today, it started lower and finished even lower. Despite that, the price action was not really meaningful. In technical speak, today was an example of an "inside" day, where all the price action was situated within the shadows of yesterday's large bullish bar. Therefore, we are...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities went full Bull mode today despite some intra-day volatility. It looks like it wants to surpass the recent high. ➤ There's really only one thing that could stop it and that is the super overextended nature of this Bullish move since the Oct 2022 bottom. Perhaps it is not really "stoppable". It may just be some lateral price...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities opened lower and ended from where it started. The more speculate stocks selling off more than the Bluechips. This was sufficient to get me into the Bearish mode. ➤ S&P500 is now trading below the double resistance line. I see the potential for it to drop some more. I'm using a small amount of capital to take a short...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities are at an interesting juncture that should provide good trading opportunities. I can smell it. ➤ If we look at the $SPY chart of the S&P500 equity index, we can see that the price is in the midst of testing resistance levels. These resistance lines are probably the most solid since the start of the rally. I therefore...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ ...almost but not yet. There are still some short-term resistance levels to surpass. However, the momentum is there. *After-hours sell-off as I write due to earning reports from Apple, Google etc. ➤ The Dow30 Bluechip stocks are really being left behind in this latter part of the rally. Or we could say the NASDAQ is just catching up...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ February started off with a bang as equity participants responded favourably to the US interest rate decision. Notable was the strong performance of the NASDAQ and the flat performance in the Bluechip Dow 30. ➤ Price in the S&P500 equity index has reached key resistance levels. It will be interesting to see how prices react. So far...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ Equities finished strongly to end an outstanding month. The enthusiasm is palpable, however, I'm a skeptic of market conditions for two reasons: i) Many believe we are back in a bull market. I think this is pre-mature. A monthly close above 411.73 will change my mind. The market did not achieve this just yet. The current level of...

mrstockyetoro

🖼 Daily Technical Picture 📈 ➤ After Friday's weak close, prices acted even weaker by a sharp fall on Monday. Well...not really a sharp fall...more of a standard-sized fall given the jump in volatility post 2021. In any case, the Bears have made the first move in this important week of economic announcements. What response will the Bulls have on interest rate...