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Path of Least Resistance 3-29-22 update 1
The market is about as stretched as it has ever been. Buying the UVXY ETF at the close. A stop of a close under 12.20 tomorrow but more on that in the morning edition. $20 would not be to high on this one if we get a blow off top on the open tomorrow. Regards, David White Path@TFNN.com Disclaimer: Trading in securities such as stocks, options, indices, currencies and futures involve risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies, and futures trading involve substantial risk. Subscribers may carry out...
Market Insights 06-25-21
Gold: $1,723.00 | Silver: $25.18 | Oil: $60.23 | Bond: $131.23 | Dollar: $92.844 Market Analysis 06-25-21 ● The Dow closed up 453.40 at 33,072.88 with 1.131 vs. 1.131 billion shares traded the previous day. ● The NASDAQ closed up 161.05 at 13,138.73 with 5.599 vs. 5.599 billion shares traded the previous day. ● The S&P closed up 65.02 at 3,974.54 The Broad Market The Dow, NASDAQ, NDX 100, and the SPX rejected lower price with volume contracting. Asia traded higher last night. Europe is higher this morning while our S&P futures are up 5 points....
Mastering Probability End of Day Reports for April 28, 2021
U.S. indices mostly closed lower on the day. The S&P 500 generated a bearish Shooting Star candle today and price closed below its OUL which confirms a RMI top. Unfortunately, the ES mini did not confirm a top leaving us to wonder which signal is correct? The ES is attempting to form a new daily profile. We’ll know in the morning if this takes hold or not, but for now, 4193.75 is resistance and 4135 is support. Have a great evening! Current Positions: Positions ACTUAL ENTRY INITIAL INTRADAY STOP ADJUSTED INTRADAY STOP TARGET EXIT CURRENT NEWSLETTER PRICE PER SHARE RISK...
Mastering Probability - New Trade Signals from this weekends scans as of April 23'rds close
This weekend’s scanner picked up the following signals for potential bottoms. Stitch Fix has a weekly TD9 bottom as does the daily. The intraday charts show RMI bottoms. Trade Setup ESTIMATED ENTRY PRICE INITIAL STOP TARGET EXIT CURRENT NEWSLETTER PRICE RISK % POSITION SIZE PER $10,000 CURRENT REWARD:RISK BUY DATE SYMBOL DESCRIPTION TBD SFIX STITCH FIX 45.27 40.51 49.80 45.27 1.00% 21 0.95 The trade setup looks like this and the initial price target is the top of its daily profile, but a move to its TD9 breakdown area is also a potential target. Agile Therapeutics has a potential TD9...