$YOLONot financial advice AMEX:YOLO Scenario #1 almost to fill the gap in the purple box and bounce from there to turn bullish. Scenario #2 It retracts at the 0.618 or 0.78 Fibonacci. Fail to-do so will revisit the lower part of the broadening formation. like and subscribe for more ideas. Thanks.by alex6666660
Support And Resistance"Support level 1" refers to a point where a candlestick drops down to wait for the right moment to enter buying at the first upward trend direction. Longby fame25330
Utility Buyers Getting GreedyUtility stocks have been on a tear recently. Just a few days ago, 93% of the stocks in the S&P Utilities Index were trading above their 200-day moving average, and now the breadth is deteriorating rapidly with just 80% of these constituents above their respective MAs. After today's slide, it seems the line of least resistance is to the downside, at least in the short-term.Shortby thisbemax1
$SPY May 24, 2024AMEX:SPY May 24, 2024 15 Minutes. AMEX:SPY opened gap up. Close was bad. as it closed near low of bar. Having expected 534 on upside, short opportunity came easily. We have 2 issues. AMEX:SPY made ATH. But close in daily and week so far is bad. Near low of bar. So, if today we have a closure near end of bar in week. Next week we will have downtrend. So now buy is confirmed only above 533.5 levels. Till then we keep shorting. For the moment. For the day any retrace to 529.5 for the fall 531.49 to 524.73 will give opportunity to short. We are having 517 as 21 EMA in daily. Thats the target I will short next week. Shortby RiderTrader4
MSOS - Ascending Wedge- Downward MoveI actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just something I happened to notice and wanted to share. by MadWicketUpdated 111
Opening (IRA): TQQQ June 28th 53 Monied Covered Call... for a 51.52 debit. Comments: Re-upping in the June 28th expiry with a monied covered call, as there is no July yet. Selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put to have built-in defense via the short call and to take advantage of call side IV skew. Metrics: Buying Power Effect/Break Even: 51.52 Max Profit: 1.48 ROC at Max: 2.87% ROC at 50% Max: 1.44% Will generally look to take profit on the entire setup at 50% max.Longby NaughtyPinesUpdated 0
SELL SMH (ETF) Long copperWhen this ratio hits 55 its the biggest signal the semiconductor equities are overbought and expensive vs copper. So sell semiconductor etf (SMH) and get long copper futures for a ratio target of 25xby PACDealer0
Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).Longby EmptyEternityUpdated 225
KRBN falling wedgeKRBN breaking out of falling wedge pattern. But Carbon Credit's broken system making me reluctant to be 100% bullishLongby JPark20200
2XBEAR JUNIOR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler. I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think AMEX:DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for this stock by the fall. I will also link to some supportive ideas following this post.Longby EmptyEternityUpdated 1
2XBEAR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for this stock by the fall. I will also link to some supportive ideas following this post.Longby EmptyEternityUpdated 1
$QQQ Nasdaq with Rate Hiking Cycle DatesGoing along with my usual 'Key Hidden Levels' in the markets perspective that NEWS is an important price level to mark on charts so it is visible to everyone, I have created the update to the "Rate Hiking Cycle" chart. The purple triangles and lines are the range of the day of the announcement and the mid-point of the day plotted horizontally forward. With this data you can see how past levels where the Fed Rate Decision occurred has provided either support or resistance to the movement of the market. Typically it hasn't been as obvious the the observer of a chart all by itself without these markings. At some point these important news levels will be visible for all of us investors so we can see and understand more quickly how the market is absorbing or dealing with the news. I hope you enjoy this chart an continue to update it for yourself. I will work to get these dates into the system so you can all see them on every chart. Wishing you all the best in your investing and trading. Tim 1:48PM, Thursday May 23, 2024 by timwest1113
$UNG starting to accumulate a position. Swing TradeBuilding a position in unleveraged natural gas AMEX:UNG in $13-14's Divergence on price/RSI. Falling Wedge Would like to see price get over and hold above daily 50MA Will likely update once that is achieved After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit. Add on down days and be very patient with this one Longby SolanaTradezUpdated 4
SPX repeating patternSPX seems to be repeating a previously occured pattern, let's see how this plays out !Shortby xxeruss1
SPY: Week of April 13Hey everyone, Going into next week, it seems like we my start with selling first. Going into Monday probability is particularly bearish. Based on the assessment of the week it actually seems like we can expect dramatic moves in both directions, so if we head down first, I would expect the CPI catalyst to move us back up. Vice versa if we start bullish. Though, based on the numbers, its looking like we're starting bearish. The most bearish data is DIA (DOW). The data from SPY indicates something I call a matching move, which means, equal move down, equal move up. Not bearish in the long term but bearish initially which will be matched by the bullish rebound (again, assuming we start bearish). Larger picture remains bullish. I don't feel like I need to keep stressing that, but just in case, there is your reminder :p. Initial TP for SPY is a retrace of 518. If we hold that, I would anticipate continuation of sideways behaviour around that level then up. If we break it, then look for the secondary and tertiary low targets in the chart above. Max low would be the red box in the chart IMO and based on the data. Those are my thoughts! Safe trades! by SteverstevesUpdated 212156
NRGU and USO/SPY correlatesIntermarket analysis of Oil ETF relative to SPX. This graph works because oil moves based on inflation, economy, commodities etc. Some of these spots were almost "risk free" (until proven otherwise). Meaning 100% - until something changes. Where are we now? USO needs to find support - and then we see.by citsvar0
QQQ LongLooks like 471ish for a final target in late June. I'm not calling a top, but the move into it looks probable based on structure. Hopefully a dip at some point and then one more consistent rally to 471Longby Brukks1
LONG CHINA Ok my friends, here is what you are going to do. Right now, you have the opportunity to get a better price on China than the vast majority of investors since 2006. AMEX:FXI is pure, undisputed value here. Instead of buying America at the top, buy China at the bottom. Free money at these levels. Long AMEX:FXI Longby bruv672
$SPY May 23, 2024AMEX:SPY May 23, 2024 15 Minutes. Once more day. 531 became a tough nut to crack. As expected once 529 broke we have a low near 527.5 levels. For the last rise from 499.55 to 531.56 23.6% retracement is 524 levels. in 15 minutes for the rise from 520.56 to 531.56 61.8% retracement is 525 levels. Today as expected in 15 minutes AMEX:SPY too support at 200 averages. For the day if we take the last fall 531.56 to 527.6 530.8 to 531 will be a level to short SL 532.5 to 533. My target for upside is still 534 provided 532 is taken out convincingly. For the day my bias is towards 524- 525 once 527.4 is born on downside. Shortby RiderTrader6610
$2.63 Mil on Silver?!Silver 5/22/2024 Exp Silver has been on a surge so far this month, rising 20.54% from the beginning of May. This previous friday an option order totalling $2.63 Mil came in for AMEX:SLV targeting the $28 strike expiring on 5/22. The problem with this order is it is way too enormous for the ticker causing the market makers (dealers) major issues if price continues any higher. The plan for this trade is to hedge (go against) the original trade, taking the ITM $29 Puts for 5/22. The price expectations for AMEX:SLV coming into the 5/22 expiration are $30.13 to the upside and $27.47 to the downside. Liquidity zones will lay at both the expected moves. The $29/28 strike has a huge Call wall forcing the dealers to sell at that price. Shortby OakFDomUpdated 0
Riding with the Trend - Hong Kong Stock marketThe HK stock market (HSI) has fallen more than 5000+ points from the high of 20,000 in July 2023. In Feb this year, I made a bold statement , making a crazy prediction that the HSI has bottomed in Jan 2023 and has been slowly accumulating this index via 2800 Tracker Fund ETF. Fast forward to the recent week, we witnessed a straight near 10 days of bullish rallying in this index, driving mostly the tech stocks darlings like Alibaba, Tencent, Baidu, etc much higher. If you are concerned that you have missed the bottom, fret not as there are always opportunities in the market. I believe there would be a retracement sometime next week or so and it could land on support level from 17160 to 17, 926 level. That would be another level that I would be accumulating as well. There are many things that the Chinese government is cleaning up the stock market, managing the short sellers, adding more liquidity to the market to prevent it from falling further to boost confidence, etc. While not all the big boys are rushing in to grab a pie of this market, the tide has definitely turn one from overly bearish to cautiously bullish now. So, if you are not into researching individual company to buy , perhaps this ETF could be a good allocation of your capital into the emerging market. With a PE of less than 10 compared to 25 for SPX, this market is very much undervalued and the potential upside far outweigh the downside. Only question is how long will it takes to become a multi-bagger. I am looking at 20-22 price level for this ETF by Q4 2024/early Q125. Please DYODD by dchua1969Updated 111
Buy when there is maximum fear or blood on the streetsBefore, investors were afraid to touch Russia market but then again, other than its ETF, many retail investors in Asia are quite unlikely to be acquainted with this ETF. Now , 2 years have passed and the war is still ongoing but few cares about the outcome and impact (if any) on the stock market. Now, all eyes are on China, a too big country to miss anyway! We see from the weekly chart that it has reached a triple bottom formation and rebounded nicely upwards. It is still very much undervalued imo and the risk/rewards is tremendous if all things are working nicely for China. It would not be a straight line up though we had seen very strong upward trajectory in the last 4 weeks in the HSI. 2nd half of this year, I expect more stimulus to come from the Chinese government to continue boost consumer confidence. The faster they put a floor on the property market bottom, solve the unemployment issues , the faster the consumers will return to the stock market. Retail investors are hoarding up cash in the trillions instead of spending after the recent Covid Saga plus the implosion of the property market (many many got burnt) It will take some time so be patient ....There will be resistance along the ways but knowing the resilience of the Chinese government, I believe the bull market has return and moving forward, it will be better for everyone. I am vested in this index so please DYODDLongby dchua1969Updated 0