Posts Tagged ‘trading method’

Fibozachi Forecast

Fibozachi and Chopshop’s proprietary trading methods provide them with ideas for short, intermediate and long-term trades in a weekly timeframe. This report discusses potential trade setups they’ll be watching throughout the week for possible entries. Their system is based on technicals of given stocks, but not to the exclusion of the greater context of stock market action. We hope you enjoy this report and as always, we appreciate feedback. - Ilene 

Fibozachi Forecast 3-28-10

Detail view of a 'Dangerous Current' sign in front of breaking waves

Though the weekly trends of US equity markets remain bullish, the S&P 500 ($INX) has almost grabbed our upper target of 1,185 and we at Fibozachi simply do not like the risk/reward ratio of establishing long positions after such an extensive rally has already taken place. While the past two weeks have resulted positive closes and higher highs, volume has continually diminished. The $INX has also registered an “Advance Block” bearish candlestick pattern. This is a 3-bar pattern where price moves higher over each candle, developing a larger upper shadow / wick on each successive bar. This character within this pattern suggests that bullish momentum continues to wane (over 3 weeks now), unable to close the week with the same strength that it began.

The vast majority of stocks have come back into resistance levels from June ’08 – August ’08, which will likely prove a good place to pause (at the very least), in the process putting a halt to the current rally that we are enjoying. Several long-term Fibonacci Moving Averages (SMAs & EMAs) are coming into play for many stocks, which will likely provide additional overhead resistance and help cap this rally.

While the levels of 1,200 and 1,230 on the S&P 500 remain possible upside targets, we remain adamant that chasing a few percent pointsafter a blistering 70%+ rally is a fool’s game. Considering where US equity markets currently hover, it is time to either sit on your hands and wait for a fat pitch right down the middle, or (if you are nimble enough) to begin targeting stocks that may be topping at these levels. Across dozens of our proprietary screens, which scan every US stock, ETF and market group (and then some), an overwhelming amount of bearish signals registered into Friday’s close. Even more noteworthy, our screens this weekend were almost entirely devoid of anything bullish. Nevertheless, we scoured the charts to find a handful of good bullish candidates to…
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Zero Hedge

Toronto's Housing Bubble Is Crushing The Strip Club Industry

Courtesy of ZeroHedge. View original post here.

Until now, Canada's soaring housing prices were just another innocent asset bubble spawned by low interest rates and an endless supply of Chinese cash that needed to get laundered.  That said, massive bubbles are almost always followed by severe unintended consequences that can have a crippling impact on society as a whole...and in Toronto those unintended consequences are now manifesting themselves in the form of a rapidly deteriorating supply of strip clubs.

As Bloomberg points out today, the soaring value ...



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Phil's Favorites

In Stunning Victory, Democrat Doug Jones Wins Alabama Senate Seat; Trump Responds: "A Win Is A Win..."

 

Source: NY Times

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Courtesy of Zero Hedge

Update: President Trump has reacted to Doug Jones' victory:

...

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Digital Currencies

Not A Bubble?

Courtesy of ZeroHedge. View original post here.

Meet The Crypto Company - up almost 20,000% since inception in September...

To a market cap of over $12.6 billion...

Grant's Interest Rate Observer drew the world's attention to this 'company' yesterday.....



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Insider Scoop

The Market In 5 Minutes: Bitcoin, Comcast Drops Fox Bid, FOMC Meeting Begins

Courtesy of Benzinga.

Related SPY Analysis: Here's What Washington Is Likely To Accomplish By Years' End First Artificial Intelligence ET...

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Chart School

Small Caps and Semiconductors Still in Shorting Territory

Courtesy of Declan.

While it was good day for Tech and Large Cap Indices it was a more muddled day for the Russell 2000 and Semiconductor Index.

The Russell 2000 wasn't able to enjoy the fruits of what was low key buying experienced in other indices. A second doji in a row gives shorts something to work with as the 'Bull Trap' continues to influence buyers behavior.


The Semicondcutor Index was able to post similar gains as other lead indices but hasn't yet done enough to challenge its 50-day MA. ...

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Biotech

DNA has gone digital - what could possibly go wrong?

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

DNA has gone digital – what could possibly go wrong?

Courtesy of Jenna E. GallegosColorado State University and Jean PeccoudColorado State University

Modern advances come with new liabilities. Sergey ...



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ValueWalk

Tax Bill May Spark Exodus From High-Tax States

Courtesy of FinancialSense.com via ValueWalk.com

The following is a summary of our recent podcast, “Exodus – The Major Wealth Migration,” which can be listened to on our site here on on iTunes here.

It’s looking increasingl...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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