On the 4H Chart USDCAD appears to be in a rising/ ascending wedge pattern which would have a short basis. This would not be a surprise after the big uptrend closing out last week. That said, USDCAD could be watched for a breakdown out of the wedge then after confirmation, a short trade could be taken which may potentially more or less retrace potentially 50%...
This chart illustrates the GNP of the USA compared with others over a period of several decades. The USA is on a much slower trajectory of growth than all the other countries on the chart except Russia and Ukraine. This includes the Eurozone, China, India, Mexico, and others. This trend has been in place for decades. It makes for a poor prognosis for the...
AMEX:WEBL The WEBL moves well owing to its leveraging. At present on the chart, WEBL is near support after a downtrend. I have picked a target based on a retracement of that downtrend to the middle Fibonacci level. This target also has confluence with the VWAP band and the upper boundary of the volume profile's high volume area. I have calculated the...
In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI. The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which the DIA rebounded while hot oil prices cooled off. The analysis would be is that oil prices may be relatively undervalued at present...
BMV:GD GD has bounced down from resistance of sell order blocks. Relative Strengh downturn confirms. This is setup as a swing short with a Reward to Risk of 4. GD will recover from this reversal as this defense contractor is in a boom sector, giving the geopolitical /macro overlay. Also check RTX and LMT.
OANDA:XAGUSD XAG is shown of the daily chart. has long-term resistance at 24.39. At present, it has been trending on an arc with may represent the downward slope of a cup and handle pattern. Moreover, a Hull Moving Average over 90 days shows a good pit to the price action. The RSI candles confirm the price action with low strength at price lows then an...
NASDAQ:TSLA On the 1H timeframe chart, TSLA is showing an early reversal as follows: (1) It is ascending in a downtrend parallel channel (2) On the MACD, the signal line is below the histogram, and the K & D lines are converging on this lagging indicator. The histogram bars are decreasing in negative height. (3) the color-coded RSI candle indicator shows...
NASDAQ:TSLA NASDAQ:AAPD AAPD is in a reversal from a swing low corresponding to an AAPL market top AAPL recently completed a 30% since June 17th the YTD high of the SPY. AAPD on the RSI color-coded candles is showing a reversal within the day. I am expecting a 32 and 50 % retracement. By extension on the AAPD which is a bear inverse ETF I ...
XAUUSD has been in a downtrend on the daily chart however on the chart I see the basis band of the Bollinger Bands ( SMA20?) on a slow uptrend. Impartantly, the when price is in the area of the basis band, volatility is increased. Price could push threw it or bounce. The K line of the RSI indicator is below the histogram and its slope is decreasing,...
Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...
BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...
GBP USD has been in a persistent downtrend for much of the year as the DXY has been strong. On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13 lines, The relative strength topped up and downturned while on the MACD, the lines have been long below the histogram but in the mast week a K and D lines...
LMT is a prominent defense contractor with peer RTX. It is currently showing It's stuff in Ukraine which may be the beginning of WWIII. The USA's stocks of its products are depleted. This is a growth stock; no signs of recession for LMT; it is backlogged USA needs to stockpile after that allies will be be begging for any surplus as it develops ( think Taiwan and...
NASDAQ:AAPL Apple has been in a megaphone pattern for the last month. It is now at a horizontal and trendline resistance similar to conditions on December 13, 2021. Relative Strength has been high over 80 for much of the month. The MACD signal is high over its histogram, and the K and D lines appear primed for a crossover. Both of these...
NYSE:PRTY PRTY had a double or triple bottom after the earnings miss in May but has reversed after PRTY had great reported earnings last week and now has breakout price action. A Target of %3.00 based on the volume profile and the EMA 200 seems reasonable. A stop loss of 1.69 based on the EMA20 and the volume profile makes for a good reward for the...
NASDAQ:TSLA TSLA on the 4H Chart printed the handle /retracement to the Fib 38.2 and is now either in the early reverse or simply trending within the downward parallel channel. It is perhaps a good sign that TSLA was relatively strong on a weak day in the overall market NASDAQ:TSLA
NASDAQ:MNMD Yj This stock had a quick response to good earnings and it is now at resistance with the RSI swing indicator printing a Sell Signal. The MACD, a lagging indicator, shows the signal above the histogram without a K / D cross not yet started. I would like to take a short trade setting a stop loss above the resistance zone and targeting 10% to the POC...
AMEX:SOXS Semiconductors have been giving some cautious guidance suggesting a market downturn, supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things. SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL The 4H chart...