The 2020 China virus range The 2020 pse range reminding us of how we are recovering from the China virus. We've come a long way. Although we are still ranging. We are above the 50% PHILIPPINE businesses are resilient. Longby LittleSovi0
Opening (IRA): EWZ July 19th 31 Monied Covered Call... for a 30.31 debit. Comments: Decent 30-day IV at 34.0%, but I'm primarily looking to position myself to grab the June dividend. IV is skewed to the put side in this underlying, so the general go-to would be short put, but to grab the dividend, you have to be in stock. Because I want the extrinsic in the short call to exceed any dividend, I'm basically going at-the-money/slightly monied with the short call and will look to manage the position after the dividend drops. Unfortunately, the distribution has been wildly variant, so it's hard to tell how much extrinsic to keep in the short call to diminish the prospect of being called away early due to some dick exercising their long call early to grab the dividend. Metrics (Sans Dividend): Break Even/Buying Power Effect: 30.31 Max Profit: .69 ROC at Max: 2.28% ROC at 50% Max: 1.14%Longby NaughtyPinesUpdated 1
Opened (IRA): BITO June 28th 31 Covered Call... for a 27.55 debit. Comments: Not the weakness I was looking for, but setting myself up to grab the early June dividend. Generally, I'll look to roll out the short call at 50% max ... .Longby NaughtyPinesUpdated 2
iShares Global Energy ETF - $IXC - Major OpportunityiShares Global Energy ETF - AMEX:IXC This chart and all the others ETF's shared in the below post continue to show major break outs. Its really incredible to see. ✅ Ascending triangle breakout & retest of base ✅ Series of higher lows ✅ Above 200 day SMA ✅ Great Risk Reward set up at 8:1 Garnering some long term exposure to these general indexes is a great way to ride the general Global, Energy, Fintech and blockchain trend. Not included in the below is a potential commodity bull cycle that feeds into it.Longby PukaCharts114
BITX - Double Your BTC Stack With the Bitcoin ETF's becoming a reality, there are many new crypto related assets such as BITX provide you exposure to 2x leverage to Bitcoin. This provides traders with opportunities to scale their position, without the risk of liquidation. Ive been waiting for the market to retrace, and perhaps this drop on BTC touching GETTEX:59K , with big news ahead for tomorrow during the CPI release may be a recipe for serious volatility in markets. Moreover, the recent launch of the asia BTC related ETF's released in Hong Kong will provide millions of people with access to Bitcoin exposure. My main thoughts for this trade will stem more from the technical analysis on Bitcoin which I will link in a separate idea. However, for me personally the weekly time frame trend is still upwards and I will remain bullish until Bitcoin fails and makes a new lower high pivot. A long trade may be probable here as we approach some levels of liquidity between 58k and 59k. This may also be viewed as prices ranging $30-$32 on the BITX ETF. Looking for buyers to regain control here and rotate back to test the previous high at $60. CVD and RSI showing me some divergence, however the RSI has not printed a confirmed bull signal just yet. Only time will tell.. Longby afurs1Updated 446
USO Oil ShortUSO on the 60 minute chart is currently in a broadening wedge and reflecting down off a reversal at the upper resistance trend line. The MACD lines have crossed over the histogram and are trending down showing moving average convergence. Price is between the mean and first upper band lines and moving down toward the former. Current factors at play include an OPEC+ meeting, Russia working around sanctions, increased demand of the summer driving season, federal rate action projections as well as those in Europe and the ongoing conflicts in the Middle East. I will short USO here targeting 74 at the bottom of the wedge pattern. Shortby AwesomeAvaniUpdated 2
REAL ESTATE MARKET CRASHwrote a long axe description but my screen refreshed wiping it away (dont feel like re writing) long story OB market mortgage rates will create inflationary pressure -7% less homes sold yoy 86% of americans looking to buy homes had to put it on hold (low demand) migration buying homes still out of reach for millions regardless of decrease in mortgage rates dont let the outliers fool you lastly economy will crash dont buy the BS bullruns Shortby Bekiumuzi_DubeUpdated 223
XIN LongThis one just keeps going so hoping on the bus. SL placed low as were pretty stretched on Daily and Weekly. Longby tradersteve22Updated 0
ICT Short setup SPY swing trade, retracement trade👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in SPY for Swing trade. Of course SPY is in up trend in Daily chart, so this is a retracement trade for reference. Or you could consider to buy SPY after reaching the demand zone marked on chart. Please refer to the details Stop loss, FVG(Sell Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Shortby ICT_Trader_SB5
S&P500 ETF Trust (SPY) Fell 0.55% Today is the Bullish Run Over?Economic indicators are crucial for policymakers, advisors, investors, and businesses to make informed decisions regarding business strategies and financial markets. In the week ending May 23, the SPDR S&P 500 ETF Trust (SPY) fell 0.52%, while the Invesco S&P 500 Equal Weight ETF (RSP) was down 1.75%. This article examines three indicators from last week — existing home sales, new home sales, and consumer sentiment. These data points provide an update on the current state of the housing market and consumer attitudes about the current and future strength of the economy. Existing home sales fell for a second straight month in April as elevated mortgage rates and increased home prices continue to weaken demand. The median price for an existing home sold last month was $407,600, an all-time high for the month of April, marking the 10th consecutive month of year-over-year increases for existing homes. New home sales fell 4.7% in April to a seasonally adjusted annual rate of 634,000 units, falling short of the expected 677,000 units. April’s sales are 7.7% below what they were a year ago, marking the first annual decline in over a year. Consumer sentiment fell to its lowest level in six months, according to this month’s final report for the Michigan Consumer Sentiment Index. The Michigan Consumer Sentiment Index is a monthly survey measuring consumers’ opinions with regard to the economy, personal finances, business conditions, and buying conditions. A closer look at May’s report revealed that consumers are concerned over the labor market, high interest rates, income growth, and inflation. The outlook for the stock market's most important driver just keeps getting better. S&P 500 earnings grew 6% in the first quarter from a year ago, according to data from FactSet. When excluding dismal earnings from Bristol Myers-Squibb (BMY), the results were even better, with earnings growing 10%, per Bank of America. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In 2025, earnings growth estimates have moved up to 14.2% in 2025 from the 11.6% growth seen that day. On Tuesday, UBS Investment Bank US equity strategist Jonathan Golub boosted his year-end S&P 500 target to 5,600 from 5,400, citing "stronger earnings." This trend is supported by further market upside, as economic "tail risks" have declined, with consensus estimates for economic growth increasing throughout the year. Deutsche Bank's chief global strategist Binky Chadha recently told Yahoo Finance that further growth than expected in the economy could help the S&P 500 reach 6,000 by the end of the year. Technically, the S&P500 ETF Trust index price charts depicts the ending of the 5th wave Bullish Divergence pattern which resonates with Elliot Waves theory. The Relative Strength Index which sits at 58.60 signifies weaker growth from the consumer Index.Shortby DEXWireNews5
Oil stocks about to rally rel to SPXThink we can potentially get a big up move for Oil stocks vs SPX in the coming months. I'm long a bunch of names.Longby WVS_Stockscreen4
back to ATHs very possibleAMEX:SPY had an interesting wick In my opinion all it did was rebalance, and took some stops i honetsly see it opening limit up on tuesdayLongby StavrosKUpdated 447
$SPY & CRE PanicIgnoring mainstream news and whatever and only using my data i'm seeing that CRE is experiencing unknown trouble. While SPY and other indices have been pumping possibly thanks to NVDA, CRE has been experiencing big trouble. I think CRE trouble may spill over to the rest of the market as some kind of SVB/SIVB-like event sometime soon e.g June/July and will end at the start-mid August. In my data below there's a big gap between SPY & CRE. When this gap first started forming, SPY did follow CRE data downwards but then got saved by... i dunno NVDA, the rest of the market... no idea. imgur.com Point is the gap still exists and gaps are always fulfilled by being closed off one way or another. "In a deep pub Clive British voice": I recon SPY goes down soon. There's a chance we triple top on SPY before anything actually happens e.g we visit $523, then back up to $535, then after some consolidation finally break downwards to the $465's area. Actually hoping we this current double top resolves starting now and we do a quick visit to $465 before rebounding back upwards. Thanks for attending this Ted talk.Longby leenixusu116
Ichimoku Watch: SPDR S&P 500 ETF Trust Engaging with SupportDesigned to track the performance of the S&P 500 market index, the SPDR S&P 500 ETF Trust (current AUM is US$529,081.40 million) is engaging with an interesting area of support on the 4h chart after gapping lower on Wednesday. This follows an all-time high forged last week at $534.00. SPDR Testing Support The uptrend in this market at the moment is obvious, and traders, therefore, will be seeking locations for dip-buying opportunities. The Ichimoku Cloud’s upper limit was tested yesterday, currently between $525 and $529 (the difference between the Leading Span A and Leading Span B), and could be enough to encourage buying. This is also the first time the Cloud has been tested since the Leading Span A crossed above the Leading Span B at the beginning of May. Within the Cloud, there is also a 100% projection ratio at $522.00, which, for many harmonic traders, will be recognised as a potential AB=CD support level. Further to this, a trendline support (from the low of $493.86) is close to this level. Adding to the above analysis, the Conversion Line appears poised to cross back above the Base Line, which, given the uptrend, would be observed as a bullish signal. Price Direction Favouring Bulls The trend in this market and the current support structure suggest that it remains a buyers’ market. Within the Ichimoku Cloud, the AB=CD support and trendline support could provide a floor to which dip-buyers may be drawn. However, should the Conversion Line cross back above the Base Line prior to testing the above support area, we could see dip-buyers enter this market earlier to challenge all-time highs. Longby FPMarkets1
Structure Lesson This is a mini analysis of AMEX:XLK structure. I point out structure, momentum, liquidations, and what to look for when entering longs/reversals. Follow along with the notes on the chart and back test!Educationby OakFDom0
USO - Oil Prices are Rising LONGUSO follows the futures prices of oil barrels. On this 30 minute chart, price falls have been rejected by the POC line of the volume profile and the Lux Algo Donchian channel has transitioned from downgoing to trending up. The dual TF RSI of Chris Moody now shows RSI holding above 50 in both the 15 min and 60 min TFs. Net distribution has bottomed out and accumulation now exceeds distribution. I see this as an excellent entry to buy calls above the money at $70 or look into shares of USO / UCO/ GUSH ETFs or look at any of the oil sector stocks including well services which are typically small caps with great upside volatility with price action momentum. My favorite of those is BORR which currently is trending up and may have much of its move ahead. The ascending parallel channel of USO is perhaps a signal for the sector at large.Longby AwesomeAvaniUpdated 2
USO is in a sweet spot on its chart LONGUSO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect oil liquidity globally and prices at the pump continue to be volatile the federal government seeks contracts to restore the national strategic reserves depleted in the last supply demand challenge while the presidential and congressional election cycle starts warming up. On the weekly chart, USO has just crossed over the long term anchored mean VWAP line as well as the POC line of the volume profile. This is a bullish momentum move. Price is situated in the middle of the high volume area showing expectations of decent trading volume and liquidity. I see this as an opportunity to take long trades in oil or anything oil related. CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big oil and oil futures. Longby AwesomeAvaniUpdated 113
USO / UCO a play on barrel oil shock LONGUCO is shown here as a one month trend - It is sitting on the rising support tendline about 2% below the recent high. Oil prices contribute to inflation. Anyone in the USA is aware of gasoline prices at the pump. Geopolitics plays into price. At present, US Navy warships are consuming refined oil and heading to the Middle East. Iran and Russia are sanctioned and must sell oil on the global market ( primarily India and China ) at artificially low prices. If Iran retaliates against Isreal, its oil infrastructure will be bombed back into the Stone Age in less than a day or two by the US. Global oil prices will spike nearly instantly from spot oil to futures. US Domestic producers will benefit ; the insane net cash flow to them will dramatically increase quickly. Russia will sell more oil to make up for Iran being taken off supply but will not capitalize so much given the sanctions. The price of oil will likely go north of $100 USD / barrel and potentially higher. Iran could go nuclear and any residual oil infrastructure would be turned into a quagmire of scrap metal in another day of work for the US Navy bombers and the fighter jets that escort them into strategic missions. Defense contractor stocks will spike as well. This could be a black swan event. My trading dictates that I add to my positions and average in until price goes against my idea. I am increasing my positions in gold and silver along with ETFs inversing the indices banks and financial stocks until the dust is settled. This includes any plays on VIX. I will also look at individual domestic oil stocks as well as junior precious metal miners.Longby AwesomeAvaniUpdated 552
$SPY May 29, 2024AMEX:SPY May 29, 2024 15 Minutes The steep fall from 533.07 to 524.73 is getting sorted out. Sideways consolidation. For the risefrom 524.73 to 530.5 AMEX:SPY has retraced nearly 61.8%. Consider the last rise from 527.11 to 529.8 holding 528 levels i have a target 530 - 532 levels and on downside if 527 is broken possible target is 524-525 levels. So being 2$ on both sides i prefer to sit out today also. by RiderTrader4410
uraura monthly chart shows me a neckline being tested to the upside. AMEX:URA #ura by awakensoul_3691
I want to accumulate more of SMH ETFLooking at the holdings , I will need less bullets to buy into these individual companies especially I had missed BIG TIME on Nvidia. This war on semiconductor chips will make these companies that are manufacturing them very much valuable down the road. China is squeeze and is forced to build on its own, which will takes time but eventually , I expect China to come up with a more advanced product. Accumulate on weakness.Longby dchua1969Updated 0
IShares Hang Seng Tech ETF The reason I like this ETF is the exposure to the HK Tech sectors , some companies I like but may not like enough to initiate a position in them. It's share price has been hovering at the 5.77 to the 8 dollar mark , a little boring and definitely in no time to accumulate. Refer to the list of Holdings by dchua1969Updated 0
URANiUM: $24 | Demand for Power on the Risewith supply limited and regulated investors in RADiOACTiVE Marterial shall be rewarded big time developing nations are running out of coal and oil being regulated to the highs by Russia and Arabs make it difficult for new nations to keep up with demand for energy by senyorUpdated 1112