Get started

Spike

Market getting toppy? Lots of bearish signalsI primarily use TDAmeritrade's thinkorswim platform to trade and I am starting to notice that their intraday data integrity is far better than Tradingview. I use thinkorswim to generate my morning alerts for "spikes" and the bars in the platform are very different from TV. Regardless, the number of alerts this morning gives me a hint that the market is getting a bit toppy today. I had 2 Limit order profits hit and closed 2 other bullish trades manually. I went short AZO and ALL on signals. Here is this morning's list for posterity. This many data points should yield some statistics on the signal. AGN ALL AMGN ANTM AZO BDX BMY BR CDNS CPB KMX CME CMCSA GLW DHR DRI XRAY ETR FE FCX AJG JKHY HLT INTU IQV LVS LYV MKTX MMC MDLZ MCO MOS MSCI NDAQ PFE PPG PGR DGX ROST CRM SRE NOW STE SYK TMO TRV VRSK DIS XRX ZBH
NYSE:AZOShort
by norok
SPX Future Projection Analysis *Future spike detected*TVC:SPX What's happening on the May 1, 2020? Checking the United States Economic calendar. This is what I found that could be the cause of the increase volatility on that day: 1) Core Price PCE Index: Forecast is 1.7%, Previous was 1.8%...May drop further than anticipated. 2) Employment Cost Index: Forecast is 0.7%, Previous was 0.7%..."The Employment Cost Index measures the change in the price businesses and the government pay for civilian labor. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. " ...Will this be 0.8%+? I think so. 3) PCE Price Index..."The PCE price index, also referred to as the PCE deflator, is a United States-wide indicator of the average increase in prices for all domestic personal consumption. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency. 4) Personal Spending (Month to Month) Forecast is -6.5%, Previous was 0.2%...Maybe reading will show less than negative forecast. 5) Chicago PMI While these reading can flip the forecast; volatility will increase. So, for all Option holders, check your Vega. If you don't know what Vega is, don't do options until you understand the Greeks.
TVC:SPXLong
by investinfamily
CAD signaling a reverseAlerts went off this morning on the CAD pairs (USDCAD, EURCAD, CADCHF) with some intraday price action. Price spiked up on these pairs (down in the CAD) for the first part of the US session only to slam back to below the session opens. I'm going to play this as a confirmation of the countertrend pullback within a full reversal of the CAD's recent run-up. I want to play the move down to a target around 1.38 on USDCAD; the 50% retracement of the run-up.
Short
by norok
1
Smarter than Buffett?"Delta plunges after Warren Buffett's Berkshire Hathaway slashes its stake" is the morning's headline following the announcement. As investments I don't know why anyone would want to own airlines. They are too exposed to all kinds of risk... world economic factors, energy, terrorism, and now plagues. But to trade airlines... the contrarian in me combined with a price action alert makes me want to test for an opportunity. Earnings are this week and I do not expect anything they say to help or harm what is already known; that Delta is burning through a whopping $60 million per DAY! So while there is some earnings gap risk I'm going to keep my position small and exploratory. Let's see if this is the double bottom of the Daily.
NYSE:DALLong
by norok
3
Trade Ideas Analysis: GBPAUD SpikeisI shorted this repeated pattern on the spike that forms along the uptrend channel. The Bonus of this setup is that my MT4 connecting to the live data detected an ABCD pattern, the black eclipsed on this diagram is amendments to this demo data that this movement didn't occur on my live data. I will watch closely how the price reacts at the bottom trendline of this channel if a break and close below, I will be keeping the trade, but if an indecision candle appears, I may intervene and close this trade.
Short
by RaynLim
2
Overall view of NAS100 and US Markets - Update of June 18thPrevious view: Odds of a bull continuation are high, last trading week could be summarized by a consolidation between levels 7600.00 and 7425.00, eventually announcing a strong volatility next week. Actual outcome: Prices broke the @7600.00 target and bulls keep pushing. Actual view: Prices are still subjected to a bull pressure. Odds of a bull trend continuation are high with a possible settle at the resistance zone. Possible targets : @7800.00 (+1000pips or 100points). Advice : Stay bullish and buy at any low point while we don't break the 7500.00 bottom level. Correlated pairs : US500 (96.2%),US30 (94.2%),CHFSGS (-86.5%). We are more likely to experience a continuation of the bull spike as it will be for the other US market securities.
OANDA:NAS100USDLong
by Theperfectionist
Potential trade setup: EUR/AUD analysisAs previously mentioned EUR/AUD has overextended into the yearly highs price region, even though we should be expecting a retracement price can be easily manipulated around this region especially ahead of a lot of fundamentals data from ECB and AUD policy details out this week that could easily be a key driver in market activity. Awaiting for a potential 3rd drive into the highs before considering additional shorts to the targeted region to bounce off the trendline which is in alignment with the 50% fib line.
Short
by danresdidualfx
If BND Ever Does This Again, Beware29th of November, 2007 - bond market experiences a flash crash which is quickly bought up by the FED in an effort to prevent widespread debt defaults. Worked for a few months only for companies to begin defaulting anyway, probably through a series of realized margin or interest spike risks. This is what caused the financial markets to implode in 2008. Watch and study the bond market, it can tell you more about medium to long-term market direction than any other indicator.
NASDAQ:BND
by Derivati_Capital
3