With the anticipation of re-opening of the economy around the world, there is a large capital outflow from tech stocks with hedge funds rotating out of the sector according to BofA Data Analytics.
I've been trading SQQQ since 11.30 level moving in an out capitalizing the spikes. 2020 was the year that tech stocks lived up to their potential, but now, how are...
I believe in the power of crypto. Its uses and benefits that can disrupt the financial system. But the chart does not lie.
Complex head and shoulders on the daily now being completed with price breaking down the neckline. Right now testing 42-44k support. Last line to abandon all hopes is 36k. Anything below that is 2018 all over again.
Altcoins are now...
Point to consider
1. The BoE tapers only the pace of purchase but not the total target to be purchased.
2. Post-Brexit economic data coming in for the coming months.
3. US terrible NFP data. The FED was right of delaying tapering.
GBPUSD looks bullish for the coming months. This is fueled by a week dollar and a stronger British economy due to a better vaccine...
Even with the Fed’s dovish tone with its last FOMC statement, I am still inclined to believe that the the us dollar is set for a better future. With US economies starting to open and the fast vaccination rollout, the worst hast already past. Just using USDJPY as a bias for the my long USD trade. A lot of my thinking comes down to each currencies interest rates...
The failure to test recent high are very concerning. Right now price is barely holding the midrange. Jeff Cooper recently call a short on AAPL once price get below 302. Well he was right and now I am not expecting it to rally even if Biden won super tuesday. It might give short term relief but the weakness has been exposed.
Will keenly track this when price...
I am seeing two frowns already on this stocks. Big signs of distribution phase. Seems to also complete and inverted cup and handle pattern. If TWLO gets below 100, this will be the signal to take the price transition seriously.
Will short when prices break below 90 and hold below it. Near term target of 78 with a longer term tagert of 65. This stock is alread...
BYND successfully defended 87 area. This tells me that this is a short term bottom. My problem with the current structure is that I am still not confident on the current RSI levels. I think that it might dip near 81 before it bounces.
This is a buy below 87, stop below 76(or 81 depending on market conditions). Bounce target of 100. After the bounce, I'll count...
This is one of the strong stocks to lookout for. The stock corrected along with the whole market, difference is that QTT did not correct as deeply as the other stocks. Risk-reward at current level are not attractive. Either wait for a dip of breakout.
I think I still might wait for this near 4.46 before trading this. If it trends, better to wait for the breakout...
My 50DMA short script (still on the process of backtesting) worked. After the price sat on the 50DMA, it just broke down and now sitting on the 78DMA.
Maybe I can go long on current market orders at 89.15. Stop below the lows of the two bearish candle of 87.15. Target price around 105 levels just to close the gap. If price continues to slide down, I can re-enter...
This stock really looks toppish on every timeframe I set it. It has to address its oversold readings so I think it still have some fight left in it to get back to the midrange(129.93). I can prepare to short once price start to climb to those level.
Another scenario is that if stock breaks down sooner than expected, I am looking to short below 99.98 and stop at...
6M chart still controlled by the bulls. First signal of recovery is to break 17.31 as this means that bulls are now in control of the range. Go long if 17.35 breaks, cut at 16.55. Upside volatilty is increased if it breaks 18.55. Near term target profit is 23
