Timeatmode
$SPY: Trend signal if weekly holds upThe $SPY chart shows a very significant signal could trigger if next week's range stays above $402.31, or if price breaks over $416.31...
Keep an eye on the market here, it can define the fate for the rest of the year within next week.
Best of luck!
Cheers,
Ivan Labrie.
$SNAP: Weekly trend reversal?Interestingly, $SNAP is going for a 2nd attempt at a long term trend reversal here, worth noting. If it holds over $9.85 we could get a substantial rally out of this one. It is interesting because market participants are seeing $SNAP as a kind of reflection of the economy, and as a leading indicator for $META and $GOOGL.
Let's keep an eye on this one, I'm not in the trade in this case but following it for analysis purposes.
Cheers,
Ivan Labrie.
$ZLAB: Interesting weekly base$ZLAB is an interesting biotech stock, with a couple potentially explosive catalysts during 2023. There's a nice weekly signal here indicating the stock is accumulated and ready to move up strongly over time.
Remember to size these names considering the extreme volatility that can occur after drug trial data comes out, or if they receive an FDA approval, etc.
Best of luck!
Cheers,
Ivan Labrie.
$ATOMUSDT: signal in the daily, could evolve into monthly trendCosmos has a nice setup here, and as a bonus it yields 20% or so if staking on-chain. (plus the chance to get airdrops that might be worth between $0 and who knows how much each time)
The daily trend points to a steady rally until Feb 15th or so, depending how high it goes, this could evolve into the monthly trend being valid and upside to $27+ opening up over time (within 6 months).
Seems like a nice setup to ride a potential resurgence in crypto, with a small speculative position.
Best of luck!
Cheers,
Ivan Labrie.
$MATICUSDT: Long term signal!Very interestingly the only really long term signal present in crypto is active in the Polygon network, seems like something worth playing with small risk. A drop under 1.245 jeopardizes this signal, so risk is rather low vs potential reward, a 49:1 reward to risk ratio. Trade it small if you do!
Best of luck!
Cheers,
Ivan Labrie.
$TSLA: the rock level heldTrend reversal in the cards here, or at least a correction during a longer term sideways consolidation before rallying higher over time. Either way, the short term trend is now down after hitting the resistance level I outlined in my previous publication. As long as below $202, $TSLA is at risk of a selloff towards at least $117.96. I would suggest caution, and if you're long maybe consider selling OTM calls or simply cash out on the recent rally. There will be more opportunities to rejoin later on...
Best of luck!
Cheers,
Ivan Labrie.
$CYBR: Trend reversalLooks like the rally in $CYBR is done here, as long as below $148 give or take, we can expect downside action from here onwards. The target and time duration of the move could evolve and change slightly but if the stop holds the trend will likely remain down.
Best of luck!
Cheers,
Ivan Labrie.
$AMZN: Down trend could turn aroundLet's examine the facts real quick: down trend in the daily timeframe hit the target, intraday bars show a bullish reversal into the close after that, weekly trend remains potentially bullish over time, monthly down trend ran out of time. I'd wager that this is the bottom of this correction here, seems like a low risk bet. Bet small, use relatively wide stops and see what it does, energy prices that were a huge headwind have come a long way down...
Best of luck!
Cheers,
Ivan Labrie.
$JPM: Uptrend signal in the weekly$JPM has a very nice and tight reward to risk setup. Upside is substantial, and considering the recent turn of events logical. We likely see some rotation from growth to value next, and financials are looking like a beneficiary of the latest econ data prints.
Best of luck!
Cheers,
Ivan Labrie.
$USDJPY: Dollar reversal?I suspect we are seeing a large scale reversal in the dollar, which will be further confirmed if CPI favors renewed hawkishness surpassing current consensus estimates (consensus was already shaken by NFP yesterday, and would be further shocked if CPI allows Powell to keep hiking for longer than expected, or even do larger hikes as well). The BOJ governor change is looming as well, and with it the retirement of YCC apparently (yield curve controls). Overall, a decent trade if you need to hedge some equity risk in your portfolio or if you are an avid Forex trader already.
Best of luck!
Cheers,
Ivan Labrie.
$ETHUSD: Ethereum has potential here...I suspect something big could be brewing here in #Ethereum, I'm long and aiming for the weekly target here a bit over 2k within 4 weeks or less, if this happens, next month can see a longer term trend signal trigger, which would be a huge reward to risk scenario to let this trade run and capture that upside eventually (circa 49.8:1).
Best of luck!
Cheers,
Ivan Labrie.
May Wheat futures: Daily trend reversalThis setup can lead to a larger failure of a weekly decline signal, which could cause a major move in $ZW_F. I'm long May futures here, paying close attention to how it develops, if the signal isn't stopped the trade could be held for longer until the chart evolves into a higher timeframe trend potentially, that would be the ideal scenario here.
Best of luck!
Cheers,
Ivan Labrie.