Be prepared for anything.....Markets can go lower and extend faster than most people think. "25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
FOLLOWING THE PATH...POSSIBLE SHORT TERM BOUNCE...PRICE ACTION MUST CONFIRM BUT STILL 26.60 LOOKS VERY POSSIBLE ON THIS SWING TARGET
INSIDE DAY INTO TIME.... FORMED A BEARISH REVERSAL....CAUTION AT THE BOX.... MANAGEMENT MODE
Longer term buy and hold location / type of play. Strong bullish divergence on a weekly and daily. Buy low, sell high. Likely will just trade sideways a bit but overall, good location for R:R
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. either way i will be easing my way into a positions using the ETF UWTI which is priced very cheaply at 3$ a share. also a big shout out to @Ricker for showing me UWTI
We are seeing very clean bullish momentum divergence from the mac-d histogram, mac-d signal lines, and RSI. I'm looking for CLF to retest its previous swing point high for nice 1:2 R/R with stops under the recent swing low. RSI also happened to close above 50 for the first time today coming off its recent swing low which never hurts.
As per Daily 50sma which stands at 135.66 seems like the chart is holding strong and Costco indeed likes the last run it just went on.. Chart seems to be taking a breath and thats a good sign. only time well tell.. but in the mean time play the channel that seems to be forming and try your luck
Expect CLF to open at 6.00 for a Gap N Go. Watch out for black candles on the hourly at end of day yesterday. To learn to trade this strategy for free, go to www.RealLifeTrading.com
That dirty industry is getting a slight lift thanks to China. IMO this is a trade. I have no position (ever). $16.87 looks like an outlier target. $13.50 looks better for now.
Cliffs Natural Resources Inc(NYSE:CLF) down and oversold, but seasonality may be IN Play for CLF From October 1 until October 29
Cliffs Natural Resources Inc (NYSE:CLF) has hit double bottom and is now due for a multi-day bounce. Look for the stock to trade back to $15.00 in the coming weeks. See the chart and this very common and high probability chart pattern... Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
CLF was in a long term strong bear channel that broke out to the upside on a climax in late July and is now in the process of pulling back to retest the trendline. The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it. There is such strong selling that I think the best the bulls will get after...