DMART can be hold for long term as it has formed lower highs. 2000 would have been better but late than never. Donot buy all at once... buy on every dip... simple terms buy at MACD levels below 30 and at support levels as shown in chart
This is my breakdown and technical analysis on EURUSD since last week Friday 7 Aug 2020 Still a new trader but i feel confident that i am getting the hang of it. All in good Time !!!!
DMART has been testing its long time support level on the daily chart for quite some time now. A good momentum on the downside can lead to a major downfall. A strong bearish candle should be looked for in the coming days. If the price closes above 2365, this study will stand invalid.
Will long DHR at open, and may very quickly close out the trade if the candle pattern and volume for the day invalidate my trade. What I would like to see: - a rejection pattern candlestick, or a big green candle tomorrow.
The last two days of action in the indexes have definitely brought us, once again, to an important crossroads. Yesterday's bearish action broke down the short term uptrend on all major indexes meaning we are now in neutral territory on the short term trend. Now is the time for caution and to see what direction the markets are headed next. After rolling over...
Before starting off this stock market analysis, I highly recommend listening a new podcast by Tom Canfield (@Canny4) and Joe Fahmy (@jfahmy) called The Market Rant. Very raw and informative. You'll definitely find some value in this podcast. www.youtube.com Since the last stock market analysis, I had thought markets were starting to rollover and the uptrend...
The last 3 trading days since the last analysis, we have seen more of the same bullish action. Many stocks, especially the NASDAQs, techs, and biotechs, were breaking out and running wild. I was able to catch some of the action with a DOCU long last week. However, there are some red flags popping up that could indicate that the uptrend is now terminating. ...
Every few days I make it a habit to post my thought of the market conditions and my thought process as a swing trader. The point of this analysis is when I am analyzing my performance, I can look back to see what I was thinking and what kind of improvements should be made to my analysis. So far it has been extremely beneficial to write down my thought and...
During the writing of this analysis, S&P futures are currently up 3.45%. We shall see where this potential gap up in the markets will take us tomorrow. In terms of fundamentals, nothing much as changed. I think markets are still trying to digest the effects of the stimulus and how the virus will impact the economy in the long term. First lets look at SPY...
Markets have shown us what direction it wants to go and the direction is down. Since the last analysis, markets were continuing an impressive but overextended bounce. The markets continued this action on Monday and through mid Tuesday. By late Tuesday, there were some big red flags that markets were cracking and this recent bounce may be over. On the SPY I...
Another action packed week in the books. The USA topped the leaderboard with the most cases on Friday and a 2$ trillion stimulus package has been approved by congress. This week we had a sharp retracement from the lows with a nearly 18% bounce from the lows to the highs, the sharpest in fact since 1933. It seems as though the things are looking hopefully and we...
It seems like the overall market outlook has changed and for the better. With a looming $2 trillion stimulus on the horizon, markets have broke the intermediate trend and looks to be in a stage of recovery. Since my last analysis, I expected markets to start to consolidate at this level and this looks to be the case. Although the downtrend has terminated, this...
The past few days since the last analysis I've made has been stunning and literally historic. As the coronavirus continues to threaten the American economy, POTUS and the Federal Reserve has made multiple attempts to shore up the economy is the face of a possible recession. The Federal Reserve for example has cut federal rates to nearly 0% as well as promised...
The markets continue to accelerate to the downside as volatility continues to run higher. As a swing trader, there are three things I am doing in order to protect capital. 1. Lower risk - If you are putting on trade at this time, do so with reduced risk. Reduce your risk more than usual to protect yourself from the unusually large price swings that are common...
The past 2 days of trading have been quite spectacular. We started Monday with a quick 7% limit down, recovered, trapped bulls, then collapsed again closing at the LOD. Monday's price action was fueled by continued Coronavirus fears over the weekend and collapses in world markets before the US open. Today we had the complete opposite price action and closed...
As a background, I do this type of analysis daily to gauge sentiment in the market. The reason for this analysis is to be on the right side of the market whenever I put on new trades. Have you even tried to run with the wind behind your back? Going long a stock when the general market supports a bullish sentiment is what it means to trade with the wind behind...
Yesterday's ugly selloff, following news of a big federal rate cut, was completely erased by today's solid gains and a followthrough day, but on lower volume. Although it is not yet entirely clear if this current selloff is over, today's price action showed some bullish signs that should have the average trader leaning towards the bull side. SPY on the 30m...
After Friday's gap down, reversal, and strong buying into the close, today we had the first followthrough day. A short term bottom looks confirmed as all indexes rallied higher into the close on strong volume. The picture on SPY is looking very bullish into the close. We held the Anchored VWAP from the December 2018 lows (Magenta Line) which has been acting...