VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.
NYSE:RAD RAD is the Rite Aid drug store chain0 being in healthcare and consumer staples it is relatively resilient in a recessionary context. On the Chart, RAD is at swing lows sitting on support with 25% upside potential. The RSI indicator shows an impending K & D line cross under the histogram. A recent triple top helps mark the resistance while...
OANDA:XAUUSD The 4H XAUAUD is set up on the finish of a cup and handle pattern and so bullish continuation is about to ensue. The chart shows the depth /height of the cup. I will enter when the basis of the Bollinger Bands reverses into an uptrend. Stop loss will be outside the LBB at that time or alternatively the recent swing low. Targets, as drawn to the...
NYSE:WOLF The chart and indicators show the dramatic rise after earnings. The squeeze indicator is rising while the momentum divergence is increasing. What do you think- will WOLF continue on the uptrend or reverse?
NASDAQ:TLT In comparing the ratio of TLT to QQQ, I have found the ratio or relative strength is at its historical low range. I conclude, now may be an excellent time to shift assets into TLT if a trader believes that the bear market rally for equities is loosing momentum or possibly reversing. This is not a recommendation as to a trade and just my...
NASDAQ:TLT On the 4H Chart, TLT is sitting on minor support with major support below that. It is near to the bottom of open Bollinger Bands and is inclined to move through the basis line closer to the upper band. Significant resistance is 5 and 15% upside. I see a swing long trade with the stop loss below the major support and targets before the major...
TVC:DXY The dollar value as DXY is parabolically rising and may break resistance. This puts downward pressure on XAUUSD spot gold and commodities in general. This could reverse if DXY fails to break the resistance.
AMEX:BOIL BOIL is showing a cup and handle pattern at present lending increased probability of a bullish continuation that could yield a 50% price rise over the 45-day width of the cup. Macro and fundamental factors support ongoing natural gas price escalations including the supply issues in Europe, the heat wave from climate change causing and so on. The...
On the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior reported earnings, The cup portion completed with the recent earning about August 5th while the handle is completed this week. The cup is about $280 in height/depth while the time duration is about 90-95 days in duration. This predicts a bullish continuation from the...
LABU a 3x leveraged EFT in the biotechnology sector has diverse holdings. My thesis is that biotechnology and healthcare are relatively unhinged from the broader general market. Here I chart LABU / QQQ ratio to determine relative strength. On this weekly chart, the ratio and so relative strength are at more than a 52 week low. The MACD indicator shows the...
NASDAQ:TSLA On the 4H Chart, TSLA is at the resistance of the SEll orders @ $ 924 with a Doji Candle. TSLA is looking to reverse the trend and head down to 860 or beyond to 720. Terminal RSI divergence hints at the reversal as does the increasing Choppiness Index. A stop loss set at $1.00 above today's high seems reasonable and yields a low risk for the...
WMT beat earnings by 10% and has been upgraded for targets as a result. The chart shows heavy relative volume ( 4X the running average) reacting to the earnings. WMT has a 10% upside to the resistance of sell order blocks above. WMT is now set up for a long swing trade with either the stock or call options at an expiration a bit before the next earnings.
From the Daily Chart, QQQ is now in an uptrend above the support of the daily SMA 50, 100, and 200 in somewhat of an ascending wedge pattern. Distant support is the buy order zone while distant resistance is the sell order zone above. Immediate ( and breakable ) resistance is the POC of the volume profile. I conclude that QQQ is in a sustained up-trend that...
NASDAQ:TSLA TSLA has hit heavy resistance on the 2H chart as it came up on the heavy sell order zone and the POC of the volume profile TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics The RSI is decreasing with a rise in price showing divergence and suggesting TSLA is about to roll over. The Choppiness Indicator is...
Today a bunch of cannabis stocks showed up on my screener with some good price action and high relative volume. I set up a composite chart using some of the more heavily traded stocks but no OTCs as well as a couple of the ETFs and the REIT IIPR which manages and leases indoor cultivation farms. While I found the composite price had been drifting...
NASDAQ:TLRY TLRY had 10% price range today' and finished with a Bullish Pennant on the 15-minute chart. Accordingly, it is set up for an entry for the long continuation. TLRY showed momentum today by breaking above the double top in the price action last week. The uptrend is supported by bursts of relative volume beyond the moving average of volume.
OANDA:XAUUSD The chart shows the pattern forming awaiting the completion of the handle. Cup indicator calculated radius /depth. This supports an uptrend for XAUUSD overall although it may downtrend in the short-term in the handle formation. Horizontal resistance lines are drawn to use as targets in a tiered closure of the intended trade. I will watch for...
AMEX:BOIL BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse. On this 30M chart I setup the ration between BOIL and KOLD. This is to find precise swing entries without a lot of work for those only trading part time like myself. At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position on...