Leading the way in the Indices is the Dow jones which broke out yesterday to create a new all-time high. The breakout was only by 17 points so this could potentially be a fake breakout but if we see another bullish candle that clears the current high then we should continue to see a bullish rally. Not too far above where price is sat at the moment is the $30,000...
The USDTRY has consistently been using the 20 simple moving as support since breaking out of consolidation in August and has risen by 11.7% in that time. Catching this trend near the start would have positioned you well to add compounds along the way. Recently price experienced a steep fall which would have raised concerns for many traders out there. But looking...
With news of a new vaccine and the election of a new US president, it is unclear what actually pushed the S&P 500 to new all-time highs. However, what is clear is that we are seeing the potential for the beginning of long-term bullish trends. Prior to gapping up on Monday, price was in consolidation so we were waiting for a breakout to confirm where price is...
The USDTRY has gone under the radar for many investors who stick to investing in only one market. This forex pair reminds us of why we need to diversify our investment pot. Since the last post, price has moved up another 4% bringing the price rise since breaking out to 20.2% and counting. Trends in the forex market usually lasts only a few months so we may see...
The US election vote counting has been going on for a number of days now but the market seems unfazed as the S&P 500 continues to rise, with stocks breaking out to reach new all-time highs this week. September and October displayed pullbacks across the board but November is showing bullish momentum and if these moves are sustained then we should see breakouts in...
The USDTRY is climbing fast while other markets remain stagnant. This is why we always want to have a strategy that works in all markets as our money will always be working for us. In early August 2020, price broke through a major level of resistance and is not looking back. The trend that has been established is moving better than we could have imagined and this...
As the US election is approaching, we are starting to see some interesting movements in the markets so far today. Price is now trading below a major level of support which was the previous all-time high from February this year at $3393. This level has since been acting as support and resistance. As the markets are still open at the time of posting, we may see a...
This year has seen a rise in home deliveries, especially during the lockdown period and FedEx appears to be one of a number of companies benefiting from this trend. Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew by 700% through to January 2018 and reached a high of $274. A decline was underway from that point,...
The S&P 500 is showing good progress despite having a bearish start to the week. The first thing we want to look at when we identify declines against the trend are levels of support below price. If support is strong enough, then it should be able to stop price from declining further. Below price we have the 20 & 50 simple moving averages as well as the previous...
The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying dominance over the Lira. Since the last post, price has risen by 1,390 pips which is 1.8%. Based on the weekly timeframe, price has not yet formed a clean pullback so we may be due one. But if the trend is strong, then we may not see a pullback for some...
It is no secret that the stock market has recovered well following the huge declines in the markets and the S&P is a good example of this recovery. From March, earlier this year, price has climbed 57% from $2191 to its current price. On August 24th, price successfully broke above the previous all-time high set at $3393. This high was created on February 19th...
Since the last Nike post, price has moved up 10.4% and continues to demonstrate strength in the market. Nike had its earnings release on September 22nd which had a positive effect on price as we saw a jump from $116 to $130 overnight, adding increased profits to its shareholders. That gap up in price was followed by a decline/pullback and price now appears to...
Gold made history in July of this year when it created a new all-time high. Prior to this, the last time a new all-time high was created was 9 years beforehand. Not only was a new-all-time created, but in the process, price moved above the major $2000 round number. When price moves past major levels of support or resistance we tend to see price revisit that...
Since posting about the USDTRY last week, price has continued to rise, handing out easy profits so far to those investors that have added this to their portfolio. This forex pair has been mentioned in our community leading up to our entry and as you can see, a linear trend is starting to form. In last week’s post, price had moved up over 7% since breaking out of...
Taking our minds back to February at the start of 2020, anyone claiming a market crash was happening would have been believed, as we were witnessing fast declines in the global markets. The S&P alone went done by 35% from February to March 2020, even falling below the weekly timeframe’s 200 simple moving average. Global pandemics can have an unpredictable effect...
Forex pairs have been off the radar for some time as most of the action has been in stocks. But here and there, certain forex pairs will pop up with opportunities and this is the reason that we never take our eye off the ball. You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira and has consistently been on the rise for...
Nike has been off the radar for some time, especially since it started consolidating from December 2015 to May 2018. The trend following its breakout of consolidation has lacked the energy and momentum of the prior trend when Nike shares saw a growth of 612% from March 2009 to December 2015. The trend experienced its first pullback and made contact with the...
Microsoft is looking strong and another stock that has performed well following the global pandemic is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index. Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering growth in a short period of time. In...