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...
The German stock index DAX is at important Fibonacci resistances and momentum overbought area. We are expecting a down wave corrective movement towards the 10160 area, max 8920. Only a new weekly close above 12 220 would invalidate this bearish view.
The Russell 2000 Index has reached important Fibonacci projection levels. We are expectiong a down wave (4) towards the 1060 area. Only a new weekly close above 1268 would invalidate this bearish scenario.
The last 3 market cycles have something in common - they all seem to last for about 7 years with a rising trend for the first 5 years and a consecutive decline for the next 2. Irrational exuberance or?... Some arguments for reflection follow: 1) rising USD would/should hurt U.S. equity earnings in near term. If innovation does not negate the effect of rising...
Equities are extending their gains past support by means of correlation of LIBOR 1mth and the US CPI inflation. Although this is not the usual graph components, there is a clear correlation between the three on the runup to the event on Oct 15th, since then inflation has begun to fall and LIBOR is pricing other than a continued bull run by equities Dollar Index...
CCI - Drifting from overbought back into the channel indicating reduced upward momentum. MACD - Look at the MACD crossover from relatively high level. A very powerful signal on a daily chart. DeMarker - Moving from overbought falling firmly into the channel. RSI - Bearish divergence. Linear Regression - Bouncing off the top of the channel. Also powerful...
After riding the monday-tuesday rip higher (Kudos for those who BTFD @198!), now I opened a short at today's last minutes of trading. Stop: 206.50 (in case we are breaking out); limit: a retest of the 200 psychological Pivot Point. The rationale behind this trade is mostly technical: the triangle pattern forming in SPY, suggesting indecision regarding the future...
Two scenarios: Fifth wave has already developed, it failed to reach its target of 12.41 and is now going to retrace the whole movement (first target 5 usd area).. or the fifth way hasnt developed yet and we are just seeing wave 4 in progress, and wave 5 will hit its target at 12,50 & 13,79 for a last bang. For now, wave 4 holds 38% perfect retracement, so now its...
Hi Fellow Risk Takers, Here is an idea that is more complicated and may not be suitable for novice traders or the faint-hearted. It is essentially a “Pre-emptive” Break Out idea and it requires guts and precision to execute. (1) DirecTV (DTV) has been trading in an accelerated up trend line, from March 2013 to May 2014. During this period, price has risen from...
We are now in unfamiliar territory. The MACD technical indicator Moving averages has crossed over above 120 points 22 times since 2003. Of those, 22 times, 19 of them led to at least a mild pullback within a month. 3 times it moved sideways or down where no money could have been made at all within one month. The MACD has crossed over 200 points 6 times...
TESLA - will the price action Salas or fail? Will it need serious recharge that could take a long time for its supporters. There are so many fundamental metrics, that could be unique for TESLA or may be not. However, price action if like all others. It has so far WOW the investors and admirers since it's IPO and more specifically since August 2012. Considering...
Originally prepared on 21st October 2014: German DAX - 2 Weekly The German DAX chart below is 2 weekly. This is to show bigger picture but not miss the finer details that happens with Monthly. We do not have price data on the chart prior to 1991. However, it is fair to conclude that the major bullish cycle that commenced in 1982 on other major world indices...
Merck & Co has been in Bearish Cycle since the major top in 2000. Since when it appear to have completed (a) and (b) of the abc zigzag. Coincidently also we have potential double top in the making. If correct then future for the investors in Merck & Co will get even more murkier and painful as potentially we could have impulsive leg c of the abc unfolding. Not...
With the earnings announcement due tomorrow, no doubt many hopefuls will be expecting further price appreciation for Twitter. However, the price action in the chart is appearing to be wittering loud and clear that any upside is likely to be very limited as it could have already entered in the new bearish cycle with intermediate target being the last low in May...
Not much to say about this as the chart speaks for it self. Massive diamond breakout. Could retest 30 price zone or lower in due course. More worrying though is this stock and other like it are early warning for wider market? I will let you come to your own conclusion on that. Check some of my other charts.
In a Potential Shorting Zone: There are couple of variation of counts and I am posting the one with which I am more confident. I can understand that this chart like many of my other charts will raise eye brows and Apple Inc is very popular with many investors who have done really well over many years will likely find my chart unacceptable. However, as you can...
DAX Resistance The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around) It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the...
S&P Futures are seeing a large sell-off, after putting in a double-top through a longer-term wedge pattern. Current price action has broke the large, ascending trend line first created in in 2012; subsequently, that was the last year the S&P saw a 10+% correction. Reality sucks when key data points deteriorate. Housing data is continuing its downward path, while...