Posts Tagged ‘setups’

Springtime for Setup City

What beautiful colors!

Springtime for Setup City

Courtesy of Joshua M Brown, The Reformed Broker 

I plucked a bud off the cherry blossom tree in front of my house yesterday.  Although the outside of it was gnarled and winter-brown, inside was the the soft, moist green of a honeydew melon.  So much potential inside of that little brown bud – a setup for the imminent pink and white explosion that engulfs my tree every spring.

Talking to traders everyday, I continue to hear the term "Setup". 

This is a noun that denotes a technical formation, usually the harbinger of a profitable trade.  In a market with hundreds of stocks exhibiting bullish setups, it is hard not to think of the hundreds -thousands - of buds that will shortly burst with the colorful pageantry of renewal.

And technical analysts do not have exclusivity on the concept of setups.  Many fundamental and quantitative setups are being crowed by the practitioners of the those sciences art forms.  "How about the fact that $800 billion in cash still resides on the balance sheets of US corporations just waiting to be put to work?" asks one.  "Or what about the fact that the dollar value of U.S. company takeovers is up 46% to $144 billion this year?" asks another.  And what of the record number of biotech drugs in the pipeline and the new development of passive money managers embracing activism to improve stock returns?" inquires the chorus.

This can be taken away from us in a moment – in the time it takes for a black, threatening thundercloud to appear on the horizon – but for now, it is ours. 

Technical Setups, Fundamental Setups, Quantitative Setups – all are apparent in this tape.  But more importantly, there is a Qualitative Setup, one that may trump all the rest:  The people I work with and trade with and invest with here in New York and across the country are smiling again.  Smiling on the way to work and smiling on the way home. 

Ear to ear.

Setup City is in full bloom.

"To whom it may concern: It is springtime.  It is late afternoon." – Kurt Vonnegut 

 *****

Want to know WHY?  Because I’m in a Better Mood, That’s Why.


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Phil's Favorites

The Colonial Pipeline ransomware attack and the SolarWinds hack were all but inevitable - why national cyber defense is a 'wicked' problem

 

The Colonial Pipeline ransomware attack and the SolarWinds hack were all but inevitable – why national cyber defense is a 'wicked' problem

Military units like the 780th Military Intelligence Brigade shown here are just one component of U.S. national cyber defense. Fort George G. Meade Public Affairs Office/Flickr

Courtesy of Terry Thompson, Johns Hopkins University

Takeaways:

· There are no easy solutions to shoring up U.S. national cyber defenses.

· Software supply chains and private ...



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Zero Hedge

Illinois Jeep Factory Set To Lay Off 1,600 Workers Amid Global Semiconductor Shortage

Courtesy of ZeroHedge View original post here.

A Jeep Cherokee factory is cutting 1,600 jobs in Northern Illinois as the auto industry continues to struggle with the global shortage of semiconductors.

The U.S. arm of Stellantis announced this week is was going to cut one of its two work shifts at the Belvidere Assembly Plant as of July 26. 1,641 workers could be affected, a local NBC affiliate reported over the weekend. ...



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Politics

As the Palestinian minority takes to the streets, Israel is having its own Black Lives Matter moment

 

As the Palestinian minority takes to the streets, Israel is having its own Black Lives Matter moment

Israeli-arabs gesture and wave Palestinian flags at Israelis in a Jewish community building, during renewed riots in the city of Lod on May 11. Oren Ziv/picture alliance via Getty Images

Courtesy of James L. Gelvin, University of California, Los Angeles

The images and reports coming from Israel, Jerusale...



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Biotech/COVID-19

Herd immunity appears unlikely for COVID-19, but CDC says vaccinated people can ditch masks in most settings

 

Herd immunity appears unlikely for COVID-19, but CDC says vaccinated people can ditch masks in most settings

A woman walks by a sign in New York City amid the coronavirus pandemic on March 30, 2021. Noam Galai/Getty Images

Courtesy of William Petri, University of Virginia

When COVID-19 first began spreading, public health and medical experts began talking about the need for the U.S. to reach herd immunity to stop the coronavirus from spreading. Experts have estimated that between 60% and 90% of people in the U.S. w...



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Digital Currencies

Dogecoin Soars After Musk Tweets "Working With Doge Developers To Improve System Efficiency"

Courtesy of ZeroHedge

Just when you thought things couldn't get any more surreal after the past 24 hours, moments ago Elon Musk, who last night rejected bitcoin because its mining is "bad for the environment" as it consumes a lot of electricity (just wait until Elon discovers how all those rare earth metals that are in every electric car are mined, or what those electric cars run on), moments ago Musk poked the hornets nest again, and shortly after tweeting that 'it's high time there was a carbon tax'...

It is high time there was a carbon tax!

— Elon Musk (@elonmusk) May 13, 2021

...

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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: Sunday, 22 November 2020, 05:47:49 PM

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


Comment: Bitcoin ambitions ...



Date Found: Sunday, 22 November 2020, 05:48:34 PM

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


Comment: PMI juiced back up ...



Date Found: Sunday, 22 November 2020, 05:49:42 PM
...

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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Kimble Charting Solutions

Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





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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