So for sometime at Trading Group 101 we have been discussing and looking to work out the next move in the stock market during COVID-19.
To do this successfully you need to look beyond the initial stock charts of the major indices and view the whole financial world. So with this in mind I am sharing some charts that not many people likely view (or even know...
While many were obsessed with Bitcoin and Gold, they missed GAMR! This was certainly a smoother ride to the top, if you caught it in time.
Okayyyyy.. I missed it too! LOL.
Anyways, I'm sharing. We need more people sharing stuff like this when they spot it early on.
Now may not be a good time to go long on GAMR.
Disclaimers : This is not advice or...
Buy ETFMG Alternative Harvest (MJ.US)
ETFMG Alternative Harvest ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return performance of the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.
Market Cap: $764Million
NASDAQ is on its way to retest the market high the third time this year.
103.0 - 106.0 is a decent area of resistance and bets are high that we will see a retracement from it.
Target levels will be 100 and 96
*also note that the previous daily candle was quite strong
for this reason, it is preferable to...
Whilst I enjoy analysing the ES, I only day-trade the ES and never hold overnight positions. For situations where I swing trade, I prefer to use the SPY. Not enough time to go into why as I am just about to head out to run some errands. However, the analysis and framework of price is the same.
In future posts, I intend to show you at least one simple way I look...
bitcoin bounced off its long term support, there are 2 options, we could be sat in the accumulation zone of 6400 for a while or be continue the trend and slow decline to below $5000
now what is even more interesting is BTC below $500 would open the doors to a huge cup and handle so keep your eyes peeled, this is the best case scenario!
We have updated our monthly publication - US Sectors Relative to S&P500.
It is an overview of the major US sectors, and covers, amongst others, Consumer Discretionary, Consumer Staples, Energy, Healthcare, Technology and Financials.
Within several ratings changes, we have Downgraded Financials to Underweight.
On an absolute basis, the US Financials ETF XLF is...
Gapping higher to test 120.00.
Consolidation to develop, with limited downside tests.
Fresh gains confirmed above critical resistance at 120.40.
Bull Signal intact at 116.73
Stop has been raised to 118.84
Break below 25.65 putting focus on the 25.40, (50%) Fibonacci retracement of the 2016-2017 rally.
An unexpected close above 25.65 will help to stabilise prices.
Bear signal from 26.15 intact.
Stop lowered to 25.71
Selling pressure increasing.
bear Signal at 26.15 deepening.
Potential for a break below the 25.94 Fibonacci retracement and 25.93 low of 16 February.
Bearish studies to limit any immediate bounce.
Stop Loss lowered to 26.27.