IndicatorsGMI: 5/6GMI-2: 3/8T2108: 57%The QQQ showed strength at end of day Thursday. I found some strong stocks having an oversold bounce. These include: DELL, TBK, PCH and BSIG. All are above their green line tops and near their ATHs. If I buy an OSB stock I sell immediately if the bounce fails. Their daily charts: The post Blog post: Day 2 of $QQQ short term down-trend but 378 new highs among US stocks; Non QQQ type stocks still rising; 4 oversold bounce (OSB) stocks: $PCH $DELL $BSIG $TBK first appeared on Wishing Wealth Blog. [Read More...]
Nasdaq holds rising trendline
There was a big up in trading volume and today’s action ranked as distribution, but for the Nasdaq it was not enough to deliver a loss of trendline support or its 50-day MA. However, technicals are growing bearish with ‘sell’ triggers in the MACD, On-Balance-Volume and ADX – not to mention, a relative loss against the Russell 2000. The S&P is been more low key. Trendline support is holding along with its 20-day MA, but there is still a MACD trigger ‘sell’, offset by a whipsaw On-Balance-Volume. Unlike the Nasdaq, the index is outperforming the Russell 2000. The Russell 2000 is trading at its 20-day and 50-day MA after failing in its initial challenge of its March ‘bull trap’. Support still holds, but the MACD, On-… [Read More...]
Understanding the Trading Brain
Trading Problems are not the same for all people, they are always unique! This also has to do with the structure of our brain. Our Brain is made up of three Systems that are of different ages and pursue different interests. And these completely opposing interests of the three brain regions are constantly influencing each … Read more The post Understanding the Trading Brain appeared first on Bramesh's Technical Analysis. [Read More...]
Market Insights Podcast (Episode 193)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss the massive miss with the US non-farm payroll report, the BOE’s growing confidence with the UK economic recovery, the commodities super cycle, and Dogecoin. They also discuss what the week ahead has in store for financial markets. [Read More...]
Morning Post 05/07/2021 SPX
I’m really not liking anything they’re trying to establish as a new normal. Sadly they’re a lot of really, really, really entitled stupid people out there. Like, how in the world can you be so stupid people. Good vs evil On to the lie – I’m gonna hang on to my down sentiment a little longer. It’s probably a natural phase of denial we all go through as we witness a catastrophic shitstorm devastate our country as markets defy all logic. Backwards bizzaro world. I’ll be watching for the chance of a double top today. More than likely I just need to wait on the STB external event call to matriculate. More to come below.Have a good day.GL and GB! [Read More...]
SafeMoon price has additional room to rise after the four-day blistering rally
Read more on https://www.fxstreet.com [Read More...]
Week Ahead – Dollar declines after massive payrolls miss; Focus shifts to inflation
Wall Street went on a wild ride after a huge nonfarm payroll report miss reaffirms the Fed’s stance to do nothing. A massive slowdown in hiring was not expected and the knee-jerk reaction across the bond market might have paved the way for further dollar weakness. The US economic recovery will likely take a lot longer than many have initially expected as concerns grow that the issue with the labor market is more of a supply problem. The aftermath of the massive payroll’s downside surprise will have many investors shift the focus to pricing pressures. Everything is starting to cost more, and employers may need to be prepared to increase wages. The big economic release of the week will be the US April inflation report, which … [Read More...]
British Pound Technical Forecast: GBP/USD Breaks Higher, EUR/GBP Stagnates
GBP/USD broke higher from a Symmetrical Triangle pattern late last week. Meanwhile, EUR/GBP remains largely rangebound. [Read More...]
Another low traffic day for the blog
Markets do little, so blog traffic goes down. It’s only when there is fear in the market does blog traffic spike. Today belonged to the low traffic day.The Nasdaq was able to hold above breakout support as it works to clear the February swing high. Technicals are still net positive, although there was a relative performance ‘loss’ versus the Russell 2000. Nothing to get too concerned about.The S&P has done little over the past few days, bar a ‘sell’ trigger in the MACD, but other technicals are fine. The Russell 2000 is also holding its breakout with all technicals net positive, including relative performance.It doesn’t look like there is much to consider based on recent action. Come back when we are busier. (adsbygoogle = window…. [Read More...]
Blog post: There were 469 new highs among US stocks, the most since March 18, so many stocks are doing well; $FDX had a cup and handle break-out;…
IndicatorsGMI: 6/6GMI-2: 6/8T2108: 60%I would have liked to see higher volume on this break-out, but FDX broke out after re-testing its last green line break-out (GLB). There is a new green line peak at 305.69 where one would expect some resistance. So this rise could continue to that level. I would then wait to see if it can have a new GLB. I tweeted about FDX intraday. You may follow my tweets @wishingwealth. Another stock that is advancing after a retest of its GLB is $CHUY. Not sure of its fundamentals though. $FB has also retaken its green line. Understanding the GLB can lead to some large gains. From my glossary: Green Line Breakout (GLB) I draw a green line on a monthly stock chart … [Read More...]
Are You a News Based Trader ?
The professional trader knows how to process multiple inputs, yet remains calm and decisive. In this age of information and technology there is zillions of information going round it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety. If you aren’t … Read more The post Are You a News Based Trader ? appeared first on Bramesh's Technical Analysis. [Read More...]
Market Insights Podcast (Episode 191)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss the FOMC decision and potential policy mistake, Big-Tech earnings, President Biden’s first 100 days, and preview next week’s BOE interest rate decision and possible taper discussion. They also discuss what the week ahead has in store for financial markets. [Read More...]
Morning Post 04/30/2021 SPX
Good vs evil On to the lie – Minis off 20 to make that pop that happened yesterday disappear for the second time in 24 hrs. Apparently there’s another force or something out there that agrees with my sentiment. More to come below. Have a good day. GL and GB! [Read More...]
Week Ahead – BOE and RBA rate decisions in focus; US April NFP report could show over a million jobs created
Everyone on Wall Street is trying to figure out if the peak in Treasury yields will stick for a while now that the US is approaching peak growth. The best expansion since World War 2 is being accompanied with a Fed that remains committed to supporting the economy until a complete recovery. The playbook for many traders appears to be the Fed could announce at the June FOMC or at the Jackson Hole Symposium that they are ready to start talking about tapering, paving the way for a gradual reduction of the $120 billion per month in asset purchases. Another busy week ahead has several key economic releases, central bank speak, and a couple of big interest rate decisions. In the US, traders will closely watch the ISM … [Read More...]
Chainlink Price Prediction: LINK to retest all-time highs as bulls resurface
Read more on https://www.fxstreet.com [Read More...]
6 Popular Technical Indicators for Stock Trading
Determine possible entry and exit points using six of the best technical indicators for stock trading. [Read More...]
Yesterday’s gains reversed
Since the last update there has been a bit of back-and-forth for the indices. The Nasdaq had bounced off breakout support yesterday before it quickly gave up those gains. It was a similar story for the S&P, although this index trades well above its key moving averages. The Russell 2000 experienced the lightest loss, although its struggling to clear its handle. The upcoming test of the 20-day MA for the S&P comes on the back of good technical strength. Selling over the last few days registered as bearish distribution, but as yet, not enough to trigger a ‘sell’ trigger in On-Balance-Volume.If the Russell 2000 is to lead out it needs to build on yesterday’s gain and not suffer too many days like … [Read More...]
14th day of $QQQ short term up-trend; $SEAS breaks to ATH after Wish-Darvas scan; 3 new ones with above average volume : $ONTO, $AMAT, $WSC
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 53%The post 14th day of $QQQ short term up-trend; $SEAS breaks to ATH after Wish-Darvas scan; 3 new ones with above average volume : $ONTO, $AMAT, $WSC first appeared on Wishing Wealth Blog. [Read More...]
The Rules, Part LXIX
Photo Credit: EveryCarListed P || The world is tough, and you must prepare yourself to avoid licit con men “Don’t buy what someone else wants to sell you. Buy what you have researched that you want to buy.”David Merkel at Aleph Blog, many times Poverty is not just a lack of money. It is a lack of knowledge, a lack of intelligent friends who can guide a person through tough decisions. Or, it is pride, thinking you can figure it out on your own when you are truly not capable. Stop it with the positive self-esteem jive. Most people should not have positive self-esteem — they need help, or, they need to spend more time figuring out the right answers to hard questions rather … [Read More...]
What does it take to Profitable Trading?
Raj puts many hours into his trading in more ways than one. He studies the charts. He has his trading Journal and has all data a trader need to analyze . He’s glued to the screen during market hours and analyzing his traders after market hours and doing proper homework. Raj is a hard worker; … Read more The post What does it take to Profitable Trading? appeared first on Bramesh's Technical Analysis. [Read More...]
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