Update: TTM Squeeze FiredSince my last post, the squeeze has fired. If you caught my original post and followed it, you had the opportunity to get in at 10.8X. The uptrend is strong. MA crossover confirmed legit and confirmed breakout above old downward resistance trend line.
With WTIOIL sustained uptrend, USDP should easily close the gap from 12.00-12.75. The RSX has just crossed into overbought territory, so a pullback is possible. Any pullback would be a prime opportunity to load. Also, USDP just announced its FIFTEENTH consecutive quarterly dividend increase to 0.36 per unit. I'm not an income investor, so someone correct me if I'm wrong, but 0.36 x 4 quarters = 1.44; 1.44/11.55 = 12.47% annual dividend yield.
This is not a sexy stock pick, but I think it's a super-sneaky ticket to gainz. I got in at 10.85, so if I hold through the latter of ex-dividend date and the date the gap fills to 12.75, that's a 20.83% ROI. AND, the last time the MA crossover set up this well in 2016, USDP ran from sub-10.00 to 17.00-plus, from May 2016-Feb. 2017. My best guess is that patience will again be rewarded in 2019.
Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.
Breadth Indicators
PYDS 1W Chart TTM Squeeze ReleaseNice weekly squeeze release. Watch for price targets of 4.00 and 6.50
China showing absolute & relative strength The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
More of the useful statisticsOver the last 5 years, there have been 9 independent observations where the S&P 500 Stocks at 10-Day Highs Minus Lows crossed below the level of 300.
After 5 days, the S&P 500 returned an average of 0.97%, with the return being positive in 89% of the observations.
Tuesday 22nd >> Tuesday 29th
2-for-1 Bullish SetupThe daily chart offers two long setups with indicators firing almost simultaneously. On the top left, I hid the candles to display only the EMA20 (green), SMA50 (turquoise) and the SMA200 (red). You can see the price action on the top right chart with the TTM squeeze overlay included.
We've got a good old-fashioned SMA50/200 golden cross with support from the SMA200. MACD shows momentum trending upward again; the RSX indicates a strong positive trend but not yet overbought; and volatility has bottomed out and looks ready to bounce at just the right time.
The bottom line of the keltner channel is rapidly converging on the bottom BB, and the daily candles look ready to bust out of the top of the squeeze. Also, the A and C waves are positive and in agreement.
I'm going to wait on a market or limit buy in case this ricochets off the top band one more time for another wave of consolidation; however, to make sure I don't miss the boat, I'm setting a stop order to buy at 11.25. if you want to do the same thing and play more conservatively, you could set the stop at 11.50-11.60.
Weekly TTM Squeeze SetupSo, assuming this weekly candle holds up, ENPH has a really nice TTM momentum squeeze setup on the weekly chart. For comparison, the last time ENPH had a squeeze breakout like this was July 2014. Here's the chart:
Over the course of ten weeks, ENPH ran from sub 10.00 to a high of 18.00! Past performance in no way guarantees future results, but the point is that if you trade a a squeeze breakout on the weekly chart, you can really make some money. And the setups are very similar between July 2014 and January 2019; ADX below 20, RSX above the midline but below the oversold line with a strong upward direction. The RSX for the current setup is less oversold than the the start of the July 2014 breakout, so there's an argument that this one may have even more "juice" than that one.
I predicted we'd see 6.75 by the end of January and we hit it a couple of weeks earlier than I expected. I predict that this setup breaks 8.00 before the end of March.
Textbook TTM Squeeze SetupWe had tight squeeze, and yesterday's price action started rapidly expanding the Bollinger bands. Wave A and Wave C are both positive. ADX appears to have turned the corner so we should expect some increased volatility, and the trend tells us to expect that volatility to be positive based on the waves and the RSX. The RSX shows a clear upward curve, having just bounced off the mid-line, and the RSX shows clear "stair stepping" with higher highs and lower lows over last two cycles. I'm in at 1.642 with a target of 2.40. Will reevaluate trade if the daily candle breaks the green support trendline.
FPAY Squeeze UpdateThe spread has tightened up over last three trading days into an ascending triangle. Squeeze remains released on the daily chart with positive momentum.
On the 30-minute chart, TTM squeeze is on and should break one way or the other today. On Friday, asks in the mid-80s had dried up. The C-Wave looks pretty good on this one, so my guess is it breaks up today or tomorrow. Once this breaks 0.88 it should hit next resistance at 0.95 and then 1.08. These low floaters can give lots of false signals throughout the day. So long as the longs keep holding, the bids will eventually have to break resistance.
Expecting PR any day now for the December lease originations update.
FPAY TTM Squeeze LongIt's only mid-day, so the last candle hasn't closed yet, but it looks like we're on the verge of a TTM squeeze breakout. I'm in at .80. Needs to break .88 to really take off.
SPX - Day trading screen setupIdentify the trend on higher time frame and market internals using the NYSE tick and the NYSE advance/decline; it is visible for the SPX will reach the 2300.
Release the Squeeze!ENPH is right on the edge of a squeeze release. I think if it can run up to 6.10-6.15, today, we'll see a release and a breakout
SPY Bullish tomorrow. McClellan momentum numbers need to burn off the Tension between the Advance Decline and Oscillator Velocity tomorrow to continue the bullish trend. Once that tension cools off then I'll be a buyer. -- BaconTrading
RKDA TTM Squeeze Setup Squeeze is currently on. Volatility bottomed out recently (see ADX) and is turning upward. RSX is trending upward, which tells us momentum is bullish and we'll want to go long. The Bollinger bands have started to expand but haven't eclipsed the keltner channel yet. The bullish tail on yesterday's candle and the close just below the upper Bollinger band provide some confirmation that RKDA is setup nicely for a TTM squeeze. I entered yesterday at 4.30 avg. Accumulate while the squeeze is still on or just after release and ride the trend on the upper BB until the momentum shifts. It should be an easy ride up to 5.50-5.75, which looks like the first level of sustained resistance.
CRMD Setup for TTM SqueezeVolatility bottomed out and is beginning to rise; sustained upward momentum; Bollinger Bands are beginning to expand and it appears squeeze should be released early next week.
TBIO Potential Breakout on TTM SqueezeThis looks like a promising setup. I haven't done any DD on the company's fundamentals, pipeline, etc., but just looking at the chart this seems poised for a squeeze release. Do you own DD and GLTA
JSE:J200 Number of Stocks in Top40 Above Moving AveragesI coded this indicator for the JSE. The indicator gives the percentage of stocks above its moving averages. We see that the JSE has less than 20% of the stocks above its 200 Day SMA and about 50% around its 50 Day SMA. If we look at previous analogs at the start of the trading range there was a declining trend in the 200 SMA but inclining trend in the 50 SMA which lead to some recovery. However, currently the 200 SMA is declining but the 50 SMA is not printing higher highs which seems to indicated continued weakness.
GE - MACD vs DPOHere DPO shows where money is made much more simply than MACD for General Electric.
Let's say not showing an entry point using DPO on 1 day chart.
The FUTURE price swing dates for USDCADThese are the FUTURE dates for USDCAD with the highest probability for making a price
swing high or low. Apply your own indicator(s) to determine the price swing direction.
BTC/USD 1H/1D charts (11/26/2018)Good morning, traders. Welcome to the final week of November. Over the holiday weekend we saw Bitcoin find a low of $3474.73, which was around the equilibrium of the 1M zone, and bounce for almost $600 so far. That's about 17% with some possible higher highs lining up. I am looking for price to target the $4500 area, with some expected resistance around $4340 and a secondary target of the equilibrium of the grey box at $4800, if it can break the swing high of $4120. If price breaks the swing low at $3474.73, then it is much more likely to target $3000. The descending dashed red line is the most important local resistance that price needs to break in order to see price head higher.
The 1W saw RSI print a low of 31.45, just above oversold. Currently it is sitting at 30.7 and the 1W S1 pivot is noted at $3200. Yesterday's 1D candle, coinciding with the weekly close, started well but ended under selling pressure meaning rather than immediate upside bias, we should be expecting some sideways movement as buyers and sellers battle it out. This is exactly what has been happening since yesterday. It doesn't mean that price won't go up, only that it will take more effort from the buyers if it is going to do so.
The 1D shows price printing a channel within a possible a descending broadening wedge. The channel is about $1300 wide, so we should expect a target of $1300 above the point at which price exits the channel's resistance. Volume has tapered off on the drop suggesting that sellers are exhausted which is to be expected since 1D RSI has been oversold since November 14th. 1D OBV has continued to move higher, since its low on November 20th, as price has continued to drop. As always, smart money volume precedes price so the expectation is that we should see price reversing sooner rather than later.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
4G rolling into 5G - await some correctionSHEN Telecommunication stock that's central eastern region and doing phenomnenal on monthly chart and DPO confirms it. Hasn't corrected being oversold yet, but good 5G buy for mid-2019.
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