This may be a good chance to in on a significant higher low potentially putting our self in a good position if this does decide to moon as we are currently in a wedge with bullish divergence along the golden pocket and also possible putting ourselves in the start of wave 3 if it breaks through 220 and 270... Read more

That 2-6 July period .. you can see the activity drop. US holiday. Waiting for better prices. Training*... Read more

bear flagging right over trendline, watch for that to crack to enter puts... Read more

follow it whichever direction it goes... Read more

BUY 1.3572 STOP LOSS 1.3550 TAKE PROFIT 1.3610 DISCLAIMER ON Follow to my channel https://t.me/jmrfx Youtube... Read more

looks like a bear flag starting to break down on daily, will watch tomorrow if market falls... Read more

sell ali baba... Read more

Would like calls if this breaks out, not too interested in shorting it... Read more

Selling short - a bit of theme to orders today. It's a rather material day!... Read more

easy... Read more

AUDCHF short... Read more

DXY rolling over. Forming an inverse cup and handle. If it goes sub 96, this gets ugly fast. Bullish on equities, slv, bitcoin.... Read more

EU long idea (average entry)... Read more

Could BCHSV be ready for another leg up?... Read more

support:0.205 resistance:0.225,0.245... Read more

Rare to see an island bottom. However, the one in UNG, the ETF for natural gas, had a classic one. After making new all-time lows, an island confirmation suggests a reversal of the downtrend.But that's not all. Warren Buffett bought Dominion Energy (D), a company that heats and cools 7.5 million customers (small) in 18 states with electricity and natural gas. For Buffett, this is a value play. For me, after seeing the UNG chart, I like to think of it as also a commodities play.Why else is this island bottom so compelling?The other two indicators on the chart are MarketGauge Proprietary...... Read more

Studies with Bands applied have been around for a long time, and studies such as Bollinger and Keltner have been a frequent topic that I have been asked to either comment on or build strategies around. Though they are designed primarily as a means to identify breakouts, with some caveats and additional code it is possible to build mean reverting methods as well. It is in this area that I prefer their application, which is conductive to any market in any timeframe. My own preferred study, in the traditional sense, is a Moving Linear Regression Line with Standard Errors computing the Bands...... Read more

The S&P 500 preliminary earnings results for 2020 Q1 are out, and based upon GAAP (Generally Accepted Accounting Principals) earnings, the S&P 500 is far above its normal value range. The following chart shows us the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side of the chart show where the range is projected be based upon earnings estimates for the next four quarters...... Read more

The first half of 2020 is "done and dusted." On this episode of Sector Spotlight, I start with a quick look back at the performance and rotations for asset classes and Sectors last week. Then, I take a closer look into the long-term trends using monthly charts in combination with Relative Rotation Graphs.This video was originally broadcast on July 7th, 2020. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight webpage, or click this link to watch on YouTube.Sector Spotlight airs weekly on Tuesdays at...... Read more

The S&P 500 index has remained in consolidation mode, spending the shortened holiday week in a rally back to the upper end of the recent trading range. Last week on The Final Bar, I announced "The Mindful Six", a group of six stocks that I feel will be helpful in identifying the next direction for equities. One of the six has already turned negative, and I'll show you the levels I'm watching for breakdown potential in the other five stocks.Let's start with a chart of the S&P 500 index, which I believe drives home the truly neutral read here. While some indicators are...... Read more

While there was a big boost from NASDAQ on Monday, the "inside" sectors are not yet believing that the tech sector tells the whole story.For example, the financial sector continues to underperform SPY and tech - partly because of the lower dividends, inability to buy back their own stocks, but also as a general concern for the overall economy and that the public is saving more and borrowing less.This week, and the next two weeks in general, are critical for the financial sector, as earnings season begins with the banks.The Transportation sector also well underperforming, but is at least...... Read more

I'm constantly discussing relative strength, and I don't just discuss it with respect to individual stocks. I want to know where money is rotating to among industry groups. It's why I keep an industry group relative strength ChartList at EarningsBeats.com. I view every industry group vs. the S&P 500 on a 3 year weekly chart with an absolute chart of the industry group in the panel below. I can quickly assess the strength of an industry group. The perfect setup for me is when the relative PPO is positive, preferably above +1, and relative price is above a rising 20 week relative EMA...... Read more

I hope all of you had a great (long) 4th of July weekend. At the end of the short trading week, the Materials sector turned into a 0-90 degree heading on the Relative Rotation Graph as it crossed over into the improving quadrant from lagging at the same time.This turn now makes XLB one of the fe sectors travelling at a positive RG-Heading. The other one is XLY, the Consumer Discretionary sector, inside the weakening quadrant and the other one is Health Care inside improving but this one is pretty much AT 90 degrees which means still gaining in relative strength but lacking real relative...... Read more

SRF Ltd - SRF.INFor over several weeks, the stock has moved in a capped range which was getting narrower. The price action has formed a bullish ascending triangle and has also resulted in a classical Bollinger Band Squeeze.Bollinger bands are over 60% narrower than normal. This denotes periods of low volatility, which are always followed by periods of high volatility. The stock has shows a couple of signs which point towards a likely breakout on the upside.The daily MACD is on the verge for giving a positive crossover. The Weekly MACD has already shown a positive crossover; it is now...... Read more

The bulls lived to fight another day last week, as the potential sell signal from Duarte's 50-50 Rule did not come to pass. So for now, instead of a "cruel, cruel summer," investors seem to have just gotten lucky once again, especially when you consider the fact that the Fed will almost likely rev up the QE machine in the not-too-distant future or risk another bear raid. Certainly, liquidity is the dominant theme in the market. Moreover, there are emerging signs that the Fed's lack of largesse in terms of money creation is starting to create yet another potential freeze-up in bond...... Read more