After a brief rally, the cryptocurrency market is consolidating again in what looks like a continuous loop of good news and bad news for the industry, and Bitcoin (BTC) is no exception, but some of it...
Tag: stochastic
Tesla Is On The Rise Following A ‘Key Reversal Day’
(Photo by Smith Collection/Gado). Getty Images Tesla (TSLA) traded as low as $101.81 on January 6, then closed that day at $113.06. This was well above the January 5 high of $111.75. This defines a “k...
Walmart Volatility Off April Highs, Here’s How To Trade It Now
(Photo by Jeff Zelevansky) Getty Images Walmart WMT traded as high as $160.77 on April 21, then traded as low as $117.27 on May 20. Since this low the stock traded as high as $142.72 on August 17. Wal...
S&P 500 Is On The Rise But The Upside Appears Limited. Downside Risk Is Significant.
Photo: Silas Stein/ (Photo by Silas Stein) dpa/picture alliance via Getty Images The S&P 500 Index (SPX) traded as low as 3,363.87 on June 17 and it’s nearing its 200-day simple moving average at ...
Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.
(Photo by Smith Collection/Gado). Getty Images Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk s...
Microsoft Rebounds Despite Earnings Miss. Here’s How To Trade The Stock Now.
(Photo by David Ramos) Getty Images Microsoft MSFT traded as low as $244.00 in after-hours trading on Tuesday, July 26 after missing earnings and revenue estimates. This is not seen on today’s daily a...
Bitcoin Failed To Hold Its ‘Reversion To The Mean’ At This Week’s Open. How To Trade It Now?
(Photo by Chesnot) Getty Images Bitcoin BTC /US Dollar FX Spot Rate (BTC=) began this week below its 200-week simple moving average at 22,693.30, which I consider its “reversion to the mean.” It set i...
Buy Bitcoin On Weakness To Its ‘Reversion To The Mean’
(Photo by Chesnot) Getty Images Bitcoin BTC U.S. Dollar FX Spot Rate traded as low as 22,580.41 on Monday, June 13. This is below this week’s pivot at 24,128. Today’s open was a price gap below its se...
Costco Wholesale Rebounds On Earnings But Fails At Its Annual Pivot
(Photo by Scott Olson) Getty Images Costco Wholesale COST traded as low as $406.51 on May 20 then rebounded to $474.88 on Friday, May 27, but could not hold its annual pivot at $471.70. Costco sales b...
QQQ Has Downside Risk To Its 200-Week Moving Average. Here’s A Trading Strategy.
(Photo credit: Stan Honda) AFP via Getty Images The Invesco IVZ QQQ Trust ETF QQQ tracks the stocks in the Nasdaq 100. The daily chart shows that the ETF peaked at $408.71 on November 22, 2021, which ...
Where To Buy Apple On Continued Downside Risk
(Photo by Chandan Khanna) AFP via Getty Images Shares of Apple AAPL failed to hold its 200-day simple moving average at $159.70 on May 5. The downside risk is to its annual value level at $141.26. Blo...
No Value Levels Increases The Downside Risk For The S&P 500
(Photo by Bryan R. Smith / AFP) AFP via Getty Images The S&P 500 Index (SPX) failed to hold its annual pivot at 4,383 at the open on April 22, which I viewed as a sell signal. New 2022 lows are be...
S&P 500 Must End The Week Above This Annual Pivot Level To Avoid Having A Negative Chart
(Photo Illustration by Omar Marques) SOPA Images/LightRocket via Getty Images The S&P 500 Index (SPX) traded as low as 4,370 on April 18 but closed above its annual pivot at 4,383. The index trade...
Shares Of Walt Disney Are Stabilizing Around Its Monthly Pivot
(Photo by Mark Ashman/Disney Parks) Getty Images Walt Disney DIS traded sideways between $189.22 on May 3, 2021 and $187.58 on September 9, 2021. A death cross formed on September 2, 2021, and this wa...
How To Trade AMD After It Gaps Below Its Annual Value Level
(Photo by Zhu Difeng) VCG via Getty Images Advanced Micro Devices AMD declined from $164.46 on November 30, 2021, to as low as $99.35 on January 28, 2022. The stock quickly rebounded to $132.96 on Feb...
Key To Stock Market Strength Is The Performance Of Invesco QQQ
(Photo Illustration by Omar Marques) SOPA Images/LightRocket via Getty Images The Invesco QQQ Trust ETF (QQQ) represents the stocks in the Nasdaq 100. Its important to track the daily and weekly chart...
Is Twitter A Buy? Look At The Stock’s Daily And Weekly Charts To Find Out
(Photo by Lionel BONAVENTURE / AFP) AFP via Getty Images Shares of Twitter (TWTR) have been on the rise since trading as low as $31.30 on February 24, when many stocks set tradeable bottoms. The stock...
Salesforce Trading Strategy
(Photo Illustration by Rafael Henrique) SOPA Images/LightRocket via Getty Images Salesforce.com (CRM) peaked at $311.75 on November 9, 2021, and then declined by 40.8% to $184.44 on February 24, 2022....
Semiconductor Giant Intel Is Too Cheap To Ignore
Semiconductor giant Intel beat earnings-per-share estimates in 32 consecutive quarters. getty Intel (INTC) ended Tuesday, March 15 at $44.81, just below its monthly pivot for March at $44.97. This was...
Target Gaps Higher On A Positive Reaction To Quarterly Earnings
(Photo by Scott Olson) Getty Images Target TGT beat earnings expectations before the opening bell on Tuesday, March 1. Shares gapped higher as the pandemic resulted in an increase in customers. Fourth...
Why It’s Time To Buy Micron Technologies
(Photo Illustration by Pavlo Gonchar) SOPA Images/LightRocket via Getty Images Micron Technologies (MU) beat earnings-per-share estimates after the market closed on December 20. This was the semicondu...
Constellation Brands Is Declining Towards Its ‘Reversion To The Mean’
(Photo by Richard Levine) Corbis via Getty Images Constellation Brands (STZ) set its 52-week high of $258.00 on January 6 on a positive reaction to its latest earnings report. After the high was set t...
Charts For The S&P 500 Show Significant Downside Risk
(Photo Illustration by Omar Marques) SOPA Images/LightRocket via Getty Images The S&P 500 Index (SPX) set its 2022 low of 4,222.62 on January 24 below its annual pivot at 4,383. Its February 11 cl...
Tesla Is Easy To Trade If You Follow The Daily And Weekly Charts
(Photo by Smith Collection/Gado). Getty Images Tesla (TSLA) climbed its 200-day simple moving average between May 13, 2021 and August 19, 2021. After strength to its all-time intraday high set at $1,2...
Advanced Micro Devices Beat On Earnings After Holding Key Value Levels. Here’s How To Trade The Stock Now.
(Photo by Zhu Difeng) VCG via Getty Images Advanced Micro Devices (AMD) beat earnings expectations after the close on Tuesday, February 2. At the end of January the stock held its annual and semiannua...
Microsoft Declining Towards Its 200-Day Moving Average, Here’s How Trade The Stock
(Photo by David Ramos) Getty Images Microsoft MSFT set its all-time intraday high of $349.67 on November 22 and it ended last week at $310.20, down 11.3% below the high. The stock broke below its 50-d...
Be Patient Before Adding Apple Positions To Your Portfolio
(Photo by Josh Edelson / AFP) AFP via Getty Images Apple AAPL set its all-time intraday high of $182.94 on January 4. At this high the market capitalization exceeded three trillion dollars. This high ...
How To Trade Nvidia In Correction Territory After Setting A New All-Time High
Nvidia getty Nvidia NVDA set its all-time intraday high of $346.47 on November 22 and is now in correction territory, down 17.2% when it tested its quarterly pivot at $286.87 on January 4. If this key...