MindsForge

MindsForge

the yellow line is the RSI,14 of the VWAP of VXX The other two lines are related to: VWAP of VIX futures price minus the VIX spot price . So the volume weighted premium of the near term futures (I think). Green is the long (50 day) moving average of the RSI of the above value. Pink is this: short_ma = sma(((v_rsi - 50) * 1.5) + 50, 30) -- and to be honest I...

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On Friday we broke through the 10DMA resistance and tested the 23.6 Fib. retracement a couple times (check the 5min chart). I believe we can get through this level though, as volume has begun to pick up and RSI and MAs have started using 45 as support instead of resistance indicating a change from bear to bull trend. MACD also has given us a nice signal by...

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A couple supports at 120.62 and 114.21. Head and Shoulders pattern emerging. Price has broken the 20DMA during trading hours today. Target for a direct short on this could be the 114.21 support , possibly even timed by the trend line (drawn on the weekly scale). MACD histogram is looking to cross below 0 This chart is re-inforcing my TZA trade (a related...

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Trade setup using a protective put on the TZA 3x Bear ETF Risking about 8% if the trade turns sour. We had 2 important cross ups today: RSI over 45 Williams %R over -80 Observed bullish divergence in RSI. Setup: 100x shares TZA 1x July 19th $10 P May look to collar (sell an OTM call) the position if we reach target.

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RSI has made a move back down from the bullish/overbought area. I've marked out an orange line on the RSI 52, which seems to act as the support/resistance for bull/bearish trends. Looking at history we see the RSI crossdown of 70 brings a few bearish months, however it looks like we're bouncing off 70 this time, so there may be a little more bull left before we...

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Stock popped a couple percent even after missing earnings estimate this morning, which put the price above the 100DMA for a little while. It looks like Williams %R is about to cross back down from the overbought zone and there are 3 resistance indications meeting at this time: 100DMA Fibonacci retracement (0.618) Fibonacci fan (0.382) I set the target and stops...

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A possible short play. -------------------------- Main reason I started looking at this stock short was the news of SAP integration. I know someone in another company (another global semiconductor) who has been dumping millions into SAP integration for years and has yet to see it operational. Lumber Liquidators also recently purchased SAP. Should be interesting...

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I talk about this chart in this video: www.youtube.com Seeing possible head and shoulders, or triple bottom to occur before taking a long position. As the chart stands I'm neutral (although I do have a long position from earlier).

MindsForge

A rough few days for the investors with long positions. Today AMD is finding support on a historical support level (marked with the rectangles ~$2.25). I won't mark this chart "long", but I'll be watching AMD to break through the 2.65 resistance before considering a long position personally. I've circled the most recent RSI entrances into the <30 oversold...

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After seeing the ascending wedge form recently I noticed that it could be considered completing a reversed cup and handle pattern. We also just had MACD cross down on the signal, but I could see it oscillating in the wedge a bit longer before breaking out.

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Historical resistance, a possible Elliot wave and possible gap fill, makes this a risky short term short.

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I don't know how far the a leg of the retracement will go, so I added the Fibonacci lines to give us some hints. It seems to be bouncing around the 0.382 line at the moment, but it wouldn't be surprising to see it go lower before starting on the upward b leg .

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I've just looked into Elliot waves and remembered the chart pattern of OA and thought it was forming a well formed Elliot wave. I wonder if it will play out like this?

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Yesterday I posted the descending triangle, but we broke the resistance and have formed a nice wedge on the 30min chart. It looks like we are building green volume here so we may be in for a break upwards soon.

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If the top of the triangle holds here (high of next possible bounce ~30) I may be looking to add a put contract and create a straddle (currently long a call). Descending Triangle on Investopedia: www.investopedia.com

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Seems like we've found a support at ~28.20. I put a simple trendline where I could see support forming in the future. The MACD signal has crossed up, and this bottom is higher than the last on 3/9/15, the BB% bottom is also higher. I could definitely see some more volatile days ahead, but if we can stay above that 28.20 resistance I feel the stock price will...

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30 minute chart. Experimenting with a couple indicators I'm not too familiar with yet. The Aroon down has just started pointing downwards and the smoothed Williams %R (just the normal %R with an 7 tick EMA applied to it) looks ready to climb out of the over-sold area. The closest resistance and support lines are shown (8.35 and 8.13) and short term trend line in blue.

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Doing a linear regression over the past 270 days produces this nice trend channel. Looking at the pattern in this channel in October 2014, I feel we may see similar behavior. We have a break from the middle regression line and then we form a wedgie/triangle shape which breaks down and bounces on top of the regression line. The current wedge shape is pinching...