$IWM Key Levels, Analysis & Targets$IWM Key Levels, Analysis & Targets
My targets for the next swing.
Target 1- 184.57
Target 2 - 159.26
Support around 142 (not labeled today)
Let’s see what the IV is at the time when it hits to determine sell targets.
GL & happy swinging…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
ETF
StocksMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Buy the Russian stock market dipThe Exchange-traded funds RSX represent a basket of equities, allowing investors to get exposure to a broad basket or sector of stocks with one purchase.
This ETF is designed to track MVIS Russia Index, meaning that it holds stocks of Russian companies or those who generated at least half of their revenue from the country.
It is probable that tensions diminish over the coming years because this level of uncertainty isn't good for the global economy and it is in the best interest of all parties to amend relationships after the dust settles.
We will enter this trade with a 3 year time horizon.
SXLK: time to take profitThe ETF SXLK has been providing an easy access to the US big techs for the European investors, allowing us to piggyback the insane bull run over the past few quarters.
However in the recent weeks, it's showing some weakness. While the (5) waves up off the March 2021 low looks complete, the daily RSI shows an downward trend.
Above all, the weekly RSI and stochastic is leaving the overbought zone, indicating an exhaustion of the rally. When was last time that this happened? It was the covid crash in 2020.
I'm aware of the small sample size due to the rather short existence of the SXLK, but I'm certainly willing to pay attention to it.
If you take a close look at the XLK, the American OG of the SXLK; top two constituents AAPL and MSFT have signaled potential multiple top, while number 3 NVDA is already in a downward channel.
As those three have a combined weighting of about 50% in the XLK, when they head into correction phase, so will the SXLK do.
Currently I'm eyeing 66-69 as initial correction target, that is the retracement range of wave (4), and the volume wedge around 67 on the daily should also provide some support.
The bounce of yesterday 12-Jan provides an exit opportunity, it's prudent to reduce exposure and/or buy protective puts.
Let me be clear that the aforementioned are well run companies, and AAPL and MSFT also pay dividends and buy back shares.
Long term I'm not bearish for them, in the short term however, I doubt the high multiples are still justified by the growth.
I generally do not track US stocks closely and I prefer using ETF for exposures in the foreign markets, so DYOR.
And maybe show some love for the European cyclicals/values?
banknifty levels for buy long term ETF
you can buy long term ETFs(exchange traded funds) like NIfty50 bees, banknifty bees, gold bees, niftyIT bees. on these levels for next 10 year's, minimum 40-80% returns easily you earn with peace. india is a developing country, and rising into many sectors so hold this investment as long as you can.
bnf levels for long term buying ETFs
you can buy long term ETFs(exchange traded funds) like NIfty50 bees, banknifty bees, gold bees, niftyIT bees. on these levels for next 10 year's, minimum 40-80% returns easily you earn with peace. india is a developing country, and rising into many sectors so hold this investment as long as you can.
nifty50 index buying levels longtermyou can buy long term ETFs(exchange traded funds) like NIfty50 bees, banknifty bees, gold bees, niftyIT bees. on these levels for next 10 year's, minimum 40-80% returns easily you earn with peace. india is a developing country, and rising into many sectors so hold this investment as long as you can.
Gold zooming upAn exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund.
Gold ETFs will track a particular commodity i.e. gold and Gold ETFs can be easily purchased or sold on a stock exchange the same way that a regular stock can.
HDFC Gold ETF created solid support around 42 levels, consolidated there for many weeks, and finally zoomed up and also decisively crossed the immediate resistance at 44-45 levels.
Now sustaining above 44 levels, chances are high, we may see a rally or a spike until 50-52 levels in this gold ETF in the coming months.
Not a recommendation to trade.
$IWM — Potential H&S forming on the 1hr We can either go lower to fill that open gap right off the bat...
or
We're going to go a bit higher to form the second shoulder, creating the H&S with a downside target of $193...
Either way, that gap is filling — not sure if it will today, but likely for next week and for certain before March's 3rd Friday.
The StochasticSlow is looking overbought, and the CCI is hinging lower just under that momentum line — bad sign for the bulls, if you ask me.
S&P500 Potential Long! Buy!
Hello,Traders!
S&P500 is retesting a strong horizontal support level
And while the setup looks somewhat risky
I still think there is a good chance
To see at least a local rebound
And a move up
To retest the supply level above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
SOXL bearish double top*disclaimer*
I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF.
I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in.
Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out).
SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume.
If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL.
That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
SPY bearish options todayI was monitoring the SPDR S&P 500 ETF Trust (ETF) options market and the puts are dominating the options today.
2/3 puts, 1/3 calls and some important dark pool prints sells.
My expectation is for a retracement at the $422 area, followed by a W shaped recovery.
Looking forward to read your opinion about it.
SARK the most profitable ETF ???? SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own.
The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period.
So far, so good, from November till February the fund has a return of 68%.
Looking forward to read your opinion about it.
SPY 400/394 Put Credit Spread - March 21 ExpiryFill: 0.54 Credit
Strikes: 400/395
Max Risk: 500-54 = 446
This was an order that I had been sitting on all day, trying to hold myself back from reducing my target price. Ill be honest, I liked these strikes so I wanted the trade.
Reasoning:
1. Large move down today, attacking prior lows - This is jumping the gun a bit as I usually wait for some confirmation of an upward movement, but as I mentioned I liked the strikes and the 10% Margin of error on the SPY, something I dont get often with my trades unless IV is high.
2. Yellow line is the lowest we have seen in 2022, and this still provides a 5% cushion from there as well.
3. Capital Deployment - I have been sitting on my hands alot recently, but I need to get trades out there. The reality is that I have built in risk management into my strategy and taken this risk into account when I project yearly returns, this is great to do, but means that if I do not deploy the amount of capital that I plan to, I dont hit returns because there is already a loss cushion built in. Currently around 20% deployed, and I should be at 34% as per my trading plan.
Questions? Comments? Leave them below!
COFF Long (+ I LOVE DRINKING COFFEE)LSE:COFF
WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield.
WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com).
VanEck Oil ETF (USA: $OIH) Ripe For The Picking 🍊About VanEck Oil Services ETF
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Oil Services 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.
Trading plan IN case of a short scenarioBefore starting , I want to clarify that this doesn't mean "I'm short" this means: "I don't know what the price may do next; however if the price makes THIS sequence of patterns that I have defined in advance, I may be in front of a good situation to trade." WHY? Because I had tested this pattern in the past, both through real trading and backtests, and overall, I have a statistical advantage. Therefore I should trade it. (That's the logic)
Ok, let's start:
* The price has broken the ascending trendline on a -12% movement, and now we saw a bounce, and the price is close to reaching the main trendline of the current bearish movement.
* This is relevant because the price is close to the main level of the current bearish trend (the descending trendline). IF the price breaks it, we should start thinking about a flat correction with that bottom defined or a new bullish impulse starting. However, IF the price starts falling again, the bearish trend may continue.
*IF the bearish trend continues, I'm waiting for a breakout of the current yellow structure. When I mean a breakout, I want to see the price breaking it at least a little bit.
*IF that happens, I will be waiting for a movement, as you can see on the template, and I will trade in the same way explained there. With a break-even at 4145.00 (this means that I will move my stop loss to the entry level)
These are the 4 possible scenarios:
1) I never trade because the setup is never executed
2) I trade and I'm stopped out (-3% of my capital)
3) I trade and is a break-even ( 0%)
4) I trade and is take profit (+6% of my capital)
Thanks for reading!