LINK is contracting huge on the price action as well as RSI. Volatility is slowing to a standstill and volume has dropped heavily. The 20 and 50 ema are riding right on each other. Combine all of these facts and what does this generally mean? Buyers and sellers are more and more unsure about placing limit orders further out from the current price. The volatility...
The VIX will spike again, nothing to do about it. Fundamentally, a perfect storm is brewing. We had/have many events in the markets: - Covid Pandemic - Supply Chain Disrupted - Ukraine Invasion - Russia Sanctions - Inflation Spike - Energy Crisis - Global Drought - Interest Rates Hikes What's next, a full-blown WAR?
The ADX indicator has always been a eye sore for me. I thought it was time to clean it up a bit. While its been around for a long time, it never really seems to get better. The new releases I keep seeing are just more lines and more zigzags etc. So this is my take on the ADX which I call "The ADX DeFi (Adx Defiance)" I dont want to know that the momentum is...
With the technical showing a strong buy, this looks like a tech stock that shouldn't be overlooked. With data cloud client sentiment, and the dynamic of competitive businesses, this looks to be a good long-term growth. Be sure to keep your eye on financial balance sheet.
CME_MINI:NQZ2023 - PR High: 15970.00 - PR Low: 15942.50 - NZ Spread: 61.5 Key economic events 08:30 – Core Durable Goods Orders - Initial Jobless Claims 10:30 – Crude Oil Inventories 14:00 – FOMC Meeting Minutes Last full trading day of the week - Market closed tomorrow for Thanksgiving Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47%...
CME_MINI:NQZ2023 - PR High: 16102.25 - PR Low: 16082.50 - NZ Spread: 44.25 Key economic events 10:00 – Existing Home Sales 14:00 – FOMC Meeting Minutes 19:30 – FOMC Meeting Minutes Continuation of supply lift since Oct 27 Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 225.23 - Volume: 24K - Open Int:...
The iShares MSCI Brazil ETF has squeezed into a tight range since the coronavirus pandemic, but now it could be nearing a breakout. Today’s chart uses two-week candles to display the price action since 2016. First consider the falling trendline since December 2019, along the highs of 2021, 2022 and earlier this year. EWZ jumped above the line last week after...
CME_MINI:NQZ2023 - PR High: 15903.75 - PR Low: 15848.00 - NZ Spread: 125.0 No significant economic events - Heavy FOMC week Tue and Wed Strong volatile open to start the week - Wide NZ spread - Maintaining lows from prev Thu & Fri Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 223.52 - Volume: 26K -...
Vale is a play I have been thinking about adding as I have sold my BHP holdings for other opportunities. The stock provides a strong dividend, international and metals (mostly iron) exposure. The company is a high cash flow company and does fluctuate with the iron markets for the most part. Iron is a lot different than gold and silver, and is showing an uptrend on...
CME_MINI:NQZ2023 - PR High: 15900.00 - PR Low: 15882.25 - NZ Spread: 39.75 Key economic calendar event 08:30 – Building Permits Minor change from prev session - Maintaining inventory at key level ~15832 Evening Stats (As of 1:55 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 230.04 - Volume: 22K - Open Int: 282K - Trend Grade:...
CME_MINI:NQZ2023 - PR High: 15866.00 - PR Low: 15844.00 - NZ Spread: 49.0 Key Calendar Events: 08:30 – Initial Jobless Claims - Philadelphia Fed Manufacturing Index Prev session closed virtually flat - Daily printed for potential reversal short Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Gap 7/20: -0.11%...
CME_MINI:NQZ2023 - PR High: 15913.00 - PR Low: 15894.25 - NZ Spread: 41.75 Key economic events 08:30 – Retail Sales (Core/MoM) - PPI 10:30 – Crude Oil Inventories Another day of expected news driven volatility - Continues to drive supply towards ATHs Evening Stats (As of 12:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Gap 8/2: -0.33%...
QQQ is looking VERY strong after this CPI print, so many people were net bearish and we likely are seeing a squeeze as well. I would not be surprised to see ATHs next quarter, I do believe the economy is in for some pain next year though and would recommend being cautious.
I did layer on more calls on the ARK news adding more hood shares. Alphabet did sell their remaining shares which might have caused that large red candle. The HV has plummeted to very low levels along with RSI which makes me believe this is oversold. First sell target is 9.45$, we are approaching the daily gap and I believe this can close very quickly with this...
LINK despite the rejection is flashing bullish on all of the long term momentum indicators. RSI is high, HV is climbing, the token has dipped into local demand on the daily and is looking at another test of monthly resistance. LINK was first mover in 2018 and held strong during the covid crash I wouldnt fade that token as one of the most obvious (safer) picks in...
CME_MINI:NQZ2023 - PR High: 15561.75 - PR Low: 15551.75 - NZ Spread: 22.5 Key Economic Event 08:30 – CPI (Core/MoM/YoY) Low participation led to prev session closing virtually flat - Low PR spread, maintaining low vols - Expected volatility spike for CPI - Margin requirement increase Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47%...
WTI Crude Oil :: January 2024 Contract :: CLF2024 As of November 13, at a current volatility level of 37, the underlying January 2024 WTI futures price has a 68% chance (1-StdDev) to be inside of the range between 70 and 85 at the CLF24 expiration on December 19, 2023. CME volume data has shown that traders have been more aggressively trading the 85 Strike...
AVAX along with other alts is looking to cool off for a bit, AVAX did not get the same run as Solana because it actually has price action near the lows, SOL dumped so quickly it pretty much created gaps through multiple weeks. AVAX HV is increasing, the RSI is cooling off, this is good, more volatility, more reward. I expect AVAX to dip into this demand and bounce...