Looks like the pain is only just beginning for these metals markets. Short term at least.
We ripped her down, let's see if we can't rip her back up! This is of course, my favorite market-leading indicator.
You know, if you trade part time, on the side, like myself... there's no need to constantly be in and out of trades, it's just too much work. Take a macro view, step back, understand that if you're not an expert, you don't want to be playing stops too close to the chest, and try to enjoy yourself. Manage your rist, choose your stratagy, and stick to it. 1....
Looking for a bounce of fib levels, and a substantial volume increase for short-term 20% move.
The chart does the talking. As always, the percentile chance of this playing out is probably somewhere around 60% Thus, never take anything I say as gospel. that's just not how the trading world works. Full disclosure, I am rebuilding a net long position, and starting to close shorts, as we come down. The reason I'm starting to close shorts is simple, we could...
I can't seem to find any good news anywhere, it's all bearish, Yay. When I can't find any good news, that little contrarian voice in my head makes me wonder, just a bit ;) Now, obviously we can go lower, as indicated by almost everybody at the moment, there is not shortage of takes on that, but what about a move to the upside? what would that look like? At times...
We can see from the Weekly timeframe, that this crash in $NFLX is heading towards some substantial resistance, in the form of moving averages and previous highs / breakout highs. You could perhaps (on the indication of reversal, on the 4H chart) take a long (leap) play, in light of the fact, that this drop was so substantial, we cannot have that much further...
Some setups might be playing out here as we move further into 2022. I'll be paying close attention to this market-leading indicator. No trades currently, watch this space.
***Earnings report may or may not be the catalyst I'm looking for*** BEIJING, Feb. 15, 2022 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 before the U.S....
As much as I cant stand the company, we all know, my feelings don't matter. Let's have a go here long. I believe we've built structure for the reversal here in FB. I'll be potentially looking at some leaps.
I like the look of Palantir at these levels, for a short term swing trade or, given time, a long term setup. 1. Bullish Div RSI & MACd 2. Pricing has come all the way back down to IPO levels For the first quarter of 2022, management expects revenue to grow roughly 30% year over year to $443 million. The company also reiterated its long-term goal of annual...
Let's just say, it's a good company, and I like the technicals. I'll be looking for a reversal pattern to confirm long. Updates to come!
Now we'll be shopping for the reversal (See prior trade below) Keep in mind, we're Neutral right now....nothing to see here....... Yet. Also, pay attention to the DXY.
For the fourth quarter, Facebook is proving to be an outlier among the top tech companies. Its results come a day after Alphabet cruised past estimates, sending its stock higher on Wednesday. Apple and Microsoft also topped estimates on profit and revenue. Despite a January stock slump across tech, the industry giants, other than Netflix, have delivered uplifting...
Because I do. Looking for breakouts in Gold in 2022
Salesforce reported solid revenue growth, including accelerated growth in the company’s largest and most mature product, Sales Cloud. However, shares underperformed due to unexpected weakness in the company’s MuleSoft application integration business that we believe is attributable to temporary missteps in the company’s selling efforts. The company also provided...
In this setup, we're seeing: 1. Huge stopping volume 2. Bullish divergence on RSI / MACd 3. Retrace of key Golden Ratio levels 4. Inflation I'm not looking at any fundamentals, this is purely a technical setup. Good luck.
Long potential setup for this stud company. You love to see it.