NQ Power Range Report with FIB Ext - 3/26/2024 SessionCME_MINI:NQM2024
- PR High: 18542.50
- PR Low: 18529.75
- NZ Spread: 28.75
Key economic calendar events
08:30 | Durable Goods Orders
10:00 | CB Consumer Confidence
Tight NZ spread (initial range)
- Maintaining range of prev 2 session
- Daily liquidity grab (look below and fail)
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 242.58
- Volume: 16K
- Open Int: 255K
- Trend Grade: Bull
- From BA ATH: -0.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Volatility
TXN rising and at fair value LONGTXN is on a 240 minute chart. It is a grinder from the 70s. I was there and a proud owner of
a TI programmable calculator costing $500 as a teenager. New cars cost $5000 for a nice VW
Bug ( got them nearly the same time). TXN has a role to play in semi-conductor and AI space.
It has been lagging others. The chart makes me believe that it is waking up. Buying after
a TTM squeeze at the mean of the anchored VWAP or the middle line of the bands is a way
to lower risk and get fair value. TXN was there for me back in the day. I am taking a long
trade now. It's time to get a full rebate ( or more with badly inflated dollars). TXN has retested
that mean VWAP line. It's good to go.
ON Semiconductor lags its leading peer Engulfing Candle LONGON shown on a 30 minute chart- has fallen behind but is a top 50 seached on the the Zack
website. It recently trended down from a push to outside the Bollinger Bands showing extreme
buying volaility and price action than a big fade into selling volatility and a slight compression.
The TTM squeeze fired just as price fell outside the lower band. Price rose abruptly into and
over the trendline and then printed a so called" Big Ass Candle" engulfing about five
hours of price action. This is a strong buy. ON will work to catch up with MU NVDA and the
frontrunners. I will profit while it runs that race.
ABT has good news synchronously with price action dip LONG
ABT on the one-hour chart is in a sideways diverging channel with Bollinger Bands overlaid
and now compressing. In Europe, the new implantable cardiac monitor has tentative approval
producing a growth narrative. Relative volumes and volatility have decreased heading into the
pivot. ABT is in what is projected to be one of the hottest sectors this year. It pays dividends
consistently. I am taking a long trade here. Targets are $120 and $130. A predictive algo
validates the idea in its forecast
MNY a penny stock from Asia catching some buying volume LONGMNY is a penny stock from Singapore on NASDAQ. With its volume and volatility spiking and a
90 % jump in the past month. It got my attention. For penny stocks and NASDAQ requirements,
getting over $ 1.00 is important for several reasons. MNY did it well. I will take a small position
in this risky play expecting a great return over the near and intermediate term. If you like
PYPL SQ or SOFI but need something with some better volatility to get try to capture
some quicker profits this might fit your need.
OG WHALE TREND kept on a leash! Possible halving in the near future: View blue waves. Price action. Moving Averages. OG whale trend indicates a possible dip soon. No where soon since it’s a 7D TF. Vertical lines Connected with OG whale trend based on movement.
5.39% is most recent whale purchase. Changes by percent within seconds. This is how I know in real-time if price was to fall.
FBB means FULL BLAST BULLISH
CLSK set up for a SHORT in a parallel channelCLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has
topped at the channel's resistance trendline. The RSI has bearish divergence while the
predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade
CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom
of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding
approximately 3.5 as a risk ratio.
NQ Power Range Report with FIB Ext - 3/26/2024 SessionCME_MINI:NQM2024
- PR High: 18585.50
- PR Low: 18552.50
- NZ Spread: 74.0
Key economic calendar event
10:00 | New Home Sales
Starting week with daily inside print
- Ranging inside Fri and Thu range
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 248.36
- Volume: 23K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -0.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
SMCI - consolidated - ? Continuation or ? Reversal SMCI has been on an impressive trend up since the first day of the trading year. On the 15
minute chart It had a healthy 12% pull back about February 22-29 but then rallied again on
a reversal upside to nearly the ATH of $ 1075 set on Friday 2/16. I note that traders like
to trade SMCI on Fridays and likely are chasing same day expiration call options. I know this
because I have been one of them. SMCI is now in a high tight bull flag pattern. Typically
this is bullish for another leg up of equal magnitude after consolidation. I will suppose
the probability of a breakout higher is 75% and breakdown 25%. I may play this with
a set of stop orders. A buy stop at $ 1030 and a sell stop at $ 1005 with a share proportion
set equally. When SMCA breaks from the consolidation one of the two orders will trigger
while the other will be in play until cancelled or triggered. My bullish bias is that the buy stop
will trigger and I will miss only a small piece of the price action in the initial continuation.
I will assess for a call option trade upon continuation. The volatility indicator helps me pick
entries with an alert set for volatility beyond the running mean either bullish or bearish.
Best Buy Breakout?Best Buy has moved sideways since December, but some traders may expect a breakout soon.
The first pattern on today’s chart is the pair of falling trendlines. One ran along the highs of July and December, which BBY crossed in late February. A second along the March highs was broken this week. That may suggest downward pressure is fading in the retailer.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA early last month. That may reflect bullishness over the longer term.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA since mid-February. MACD is also turning positive. Those signals may reflect bullishness over the shorter term.
Fourth, Bollinger Bandwidth in the bottom study shows tight price action. Does that create potential for expansion if a breakout occurs?
Finally, the retailer ended Thursday above $79.52. It had been the highest close after February 29’s strong earnings report. Remaining above that level and the falling trendlines could potentially confirm a breakout.
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FTT may moon on the 28. MayCrypto narrative for higher prices can be anything. Sam Bankman-Fried's court hearing or sentencing is on the 28. of March.
We can expect a mediocre pump, starting a day before the official hearing into the morning, when the case officially opens.
Perpetuals for FTT are available on MEXC.
If done correctly, good profit is on the table.
This is big news, it will get a lot of people looking at FTT Token.
VINC update to previous ideas LONGVINC on the 15 minute chart was sideways at the top and put in a 20% short trade today which
was straightforward an easy. A 50% partial taken off at the mid-day counter trend then the
remainder of 50% off before the close. Idea is on the chart; see also the previous ideas.
Expecting a full reversal in the pre-market trading and a good intraday trade at least until
the NY lunch hour.
TSHA a medtech penny stock pumps on news and earnings LONGTSHA is a gene technology medical company which reported on its clinical trials for Rett
Syndrome which is a neurobehavioral disorder separate from others like autism or
schizophrenia. This could be a breakthrough medication for those who suffer from Rett.
TSHA102 could be heralded as a miracle treatment ( not a cure). Price had trended up
in February and then down in March and is now situated at the mean anchored VWAP.
Relative volumes are 5-10X the running mean. I am taking a sizeable position here based
also on my background as well as the forecasts of medical technology stocks as being hot right
now especially small caps. Risk is definitely on. TSHA has been selling off parts of its pipeline
to fortify its core. This tells me leadership is realistic and has a survival plan which is a big plus
in the world of young and small medical technology companies. The earnings report from
yesterday showed a big earnings beat and a transition from cash burning to positive earnings.
Part of this is from selling off part of its future. Nonetheless, that future may be very bright
with what remains. I believe that TSHA will consolidate and gain consensus as to fair value
but then resume bullish continuation. This may be a buy and hold until the next earnings while
watching for clinical trial news that will give a hint as to the growth path.
NQ Power Range Report with FIB Ext - 3/22/2024 SessionCME_MINI:NQM2024
- PR High: 18590.75
- PR Low: 18569.00
- NZ Spread: 48.75
Key economic calendar event
09:00 | Fed Chair Powell Speaks
Prev session closed virtually flat
- QQQ daily gap still unfilled
- Holding above prev session close
- Huge upper wick on prev session daily print
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 258.68
- Volume: 27K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
VINC Biotech Penny Stock Followup Swing TradesVINC was a penny stock and is now in the near penny category as this biotech stock has had
a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices
and 125 shares are sold for profit with 100 shares still running as the momentum slows.
Overall, the trades where profitable averaging 12% daily in an average trade of 4.5 days.
Time and effort in the trade were minimal as the price action was monitored by alerts
and notifications as to price to moving average and moving average to moving average crosses
as well as dips and peaks of RSI under 40 or over 70 to notify for potential buys or sells
in this zig-zag strategy which intended to optimize profit and minimize time and effort
in trading.
GRAB - Penny Stock Volatility Based LONG GRAB is a multi-dimensional fintech company serving SouthEast Asia. It does there what DASH
UBER and PYPL do in the US. Like many other or even most penny stocks it has volatility
which is the foundation for swing trading it for good profits. On the 60 minute chart are
the horizontal supply and demand zones as well as dynamic areas of high volume and volatility
as anchored VWAP bands and lines used for analysis that GRAB is now in the area of the
first lower band line and is predicted by the Luxalgo regression forecast to fall into the
demand zone confuent with the second lower band line. For forecast for after a predicted
bounce, GRAB will move higher toward the supply zone on the chart. Accordingly,
I will watch GRAB to fall into the demand zone where it will pick up long buyers such as
myself. I sell set a stop loss at 2.90 and two targets, the first being the mean VWAP level
of 3.2 for a close of 1/3rd of the position and then 3.4 ( first upper VWAP) for a close
of another 1/3rd of the position and finally a target of 3.55 just under the demand zone.
The trade is for a trade of about 15% gain over 1-2 weeks which needs little attention when
alert/ notification price levels are set. This allows for stress free trading without much
effort or screen time.
NQ Power Range Report with FIB Ext - 3/21/2024 SessionCME_MINI:NQM2024
- PR High: 18563.25
- PR Low: 18526.50
- NZ Spread: 82.25
Continuing momentum following FOMC
- Pushing supply back near ATH
- Above prev session high
Key economic calendar events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | Existing Home Sales
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 265.68
- Volume: 26K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -0.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
VTYX- Buy the Pullback after a massive Bullish Surge LONGVTYX is an illustrative case in the trend is your friend. VTTX warmed up on Frbruary 20th and
went parabolic on the next day and then faded while the moving averages and VWAP lines
caught up. This is a buyable dip. It has now printed a couple of engulfing bullish candles. VTYX
did less than a full 0.5 retracement as a sign of strength. I will take a long trade here targeting
16% upside to the top pivot of the recent price action. If the price can reach the target I will
take half screening for higher-than-normal volatility. At present the volatility has mildly popped
over the running mean telling me the continuation is on the ready. The plus here is earnings
will report on March 24th so there is one month for traders to run the price up on this
stock in that anticipation. Options are avaiable for call contracts expiring March 15th.
BTC - Institutional Accumulation Zone Signals Trend ReversalThe Bitcoin futures market is showing signs of a potential reversal short-term bearish impulse, with institutional traders accumulating positions in a newly identified accumulation zone. This zone, marked on the chart, represents an area where large buyers have been actively buying BTC futures contracts.
The accumulation zone has been formed after a period of consolidation and sideways trading, following a sharp downtrend. The fact that institutional traders are accumulating in this zone suggests that they believe the downtrend is coming to an end and that a new uptrend is about to begin.
Furthermore, we should observe a key resistance level marked on chart, which can adds further credence to the bullish outlook. This breakout would signal that the sellers have been exhausted and that the buyers are now in control.
If the price action can continue to trade above the resistance level, it will be a strong indication that the downtrend has ended and that a new uptrend is underway. Traders should watch for a retest of the resistance level as a potential buying opportunity.
USDJPY - Lack of Supply, Fueled by Hidden DemandThe USDJPY currency pair has recently experienced a significant surge in value, defying expectations based on visible supply signals. Despite the absence of apparent selling pressure, price action has broken through the last known supply area, indicating a shift in market sentiment.
Upon closer examination, it becomes evident that a previously identified demand zone has played a pivotal role in fueling the price increase. This zone, marked on the chart, represents an area where buyers have historically been active, and it has served as a catalyst for the recent rally.
Furthermore, indicators that monitor institutional activity on the market have been flashing bullish signals, suggesting that large players are accumulating USDJPY positions. This influx of institutional buying power has provided additional momentum to the upward trend.
With price action now trading above the previous supply area, the path of least resistance remains higher. Traders should be aware that the current rally may continue until a new supply zone is encountered or until the bullish momentum fades.
NQ Power Range Report with FIB Ext - 3/20/2024 SessionCME_MINI:NQM2024
- PR High: 18281.50
- PR Low: 18267.50
- NZ Spread: 31.5
Key economic calendar events
10:30 | Crude Oil Inventories
14:00 | FOMC Economic Projections
- FOMC Statement
- Fed Interest Rate Decision
14:30 | FOMC Press Conference
Prev session, inside print, above Monday's close
- Back inside prev week inventory
- Back-to-back inside daily print
- Low vols ahead of FOMC day
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 262.14
- Volume: 15K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -2.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone