Posts Tagged ‘Divergence’

Is a divergence building in Apple?

Is a divergence building in Apple?

apple, market clubHere’s a new video from Market Club on Apple.  Adam’s following up yesterday’s DIVERGENCE VIDEO with a specific divergence he sees developing in one of the best performing tech stocks in the world, our beloved Apple (AAPL).

Adam writes: "Divergences do not mean that Apple is going to collapse, as the major trend in the stock remains firmly in the positive camp. However, it could indicate that Apple is at a highpoint for the time being." 

Click here for APPLE VIDEO.

Bonus:  Free Email Trading Course from Market Club.  The emails cover everything from “The Psychology of Price Movements” to “The Relative Strength Index.”

 


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Videos Galore – divergences, dollars and gold

Adam Hewison at Market Club has a new video out discussing the "divergences" taking place in the S&P 500 right now.

divergenceAdam uses the MACD as an indicator to highlight non-confirmations between price and the MACD (or other oscillator-type indicator).  Divergences occur when a market makes a new high (or low) but the MACD indicator fails to confirm it.

In the video, he demonstrates divergences that didn’t work out, showing what to look for, and what to do if your divergence fails. 

Click here to watch DIVERGENCE. >> 

Adam also sent a couple videos a few days ago on the dollar and on gold. 

Check them out here:

The Dollar Makes a Major Low in Q4 of 2011

Gold, It’s All Falling Into Place (update on Adam’s last Gold video)

Enjoy!

Ilene

 


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Double Divergence and Resistance in SP500

Double Divergence and Resistance in SP500

Courtesy of Corey of Afraid to Trade

Structurally, after the recent rally from the 875 lows, the S&P 500 is challenging possible resistance at the 955 level which comes from both the January and June 2009 highs.  We’re also picking up an internal negative momentum divergence along with a TICK (high) divergence at these levels which should call our attention.  Let’s look at the structure.

S&P 500

Let me begin by saying there’s absolutely no guarantee price will inflect downwards off these levels, but due to these developments, it would seem that risk is to the upside and opportunity might be to the downside.

As price swung upwards off a clean positive momentum divergence into the July 8th lows, we had a new TICK High of 1,400, which was a first sign of strength.  As price swung back to form a higher low – complete with 60min dojis at those lows – we then began the large momentum move up that we see to this day.

However, the momentum may be trailing off as the 3/10 Oscillator is showing divergences (which isn’t as significant as the TICK divergences – oscillators can give false overbought readings on a powerful up-move).

More importantly, the TICK is showing internal divergences with the daily high TICK reading as price has continued higher – both of these serve as non-confirmations of the recent highs.

Now that price has come into prior resistance – which also reflects roughly the 38.2% Fibonacci retracement from the May 2008 highs to the March 2009 lows – odds have shifted to favor a downside move, or at least a low-risk (stop slightly above the highs), high-reward trade opportunity.

Corey Rosenbloom, CMT

 


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Phil's Favorites

Why The Fed Rigs the Stock Market - Chart

 

Why The Fed Rigs the Stock Market – Chart

Courtesy of  

Here’s a chart that shows you exactly why the Fed rigs the stock market using QE, low interest rates, and propaganda jawboning.

The Fed has a dual mandate– stable prices (har de har) and full employment. For some reason the Fed has redefined “stable” prices as 2% inflation, but that’s a subject we’ve already beaten to death. And we will continue to beat it to death.

But I hav...



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Zero Hedge

Cord-Cutting Is Quickly Picking Up Pace

Courtesy of , Statista 

Over the past couple of weeks, things went from bad to worse for pay-TV providers in the United States, after both Apple and Disney announced their own subscription-based video streaming services to launch this year. Already struggling to hold on to s...



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Insider Scoop

Uber To Sell Minority Stake Of Its Autonomous Vehicle Unit To Japanese Consortium

Courtesy of Benzinga.

Uber Technologies is planning to sell a 14 percent stake in its autonomous vehicle unit to existing investor Softbank, Japanese automaker Toyota, and auto parts manufacturer Denso ahead of its much-anticipated initial public offering (IPO), which is expected to happen in May. Though...



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Digital Currencies

5 Cryptocurrency Tax Questions To Ask On April 15th

Courtesy of ZeroHedge. View original post here.

Authored by David Kemmerer via CoinTelegraph.com,

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Thursday, 18 October 2018, 05:33:01 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Why The Stock Market Is Heading For Disaster youtu.be/Gubf0A5pHL0



Date Found: Monday, 29 October 2018, 12:55:07 PM

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Comment: Ross Beaty: We Are Star...



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Kimble Charting Solutions

Silver Bear Market Faces Big Price Support Test!

Courtesy of Chris Kimble.

When silver, gold, and the precious metals industry were red-hot bullish in the 2000’s, investors could do no wrong.

You could buy SILVER at just about any price and it would go higher.

In today’s chart, you can see three large green bullish ascending triangles from the 2000’s that lead to big gains. But that was the bull market before the current bear market.

The tables have turned since the 2011 price top. Silver quickly formed a bearish descending triangle and fell another 50 percent when that broke down. This sent a vicious bear mark...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

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

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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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

Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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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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