Technical analysis on the US stock market & several sectors & stocks that stand out at this time. playback speed can be increased in the settings to reduce video duration
This video covers trade ideas across various asset classes including commodities (oil, lumber & agricultural commodities), energy sector ETF (XLE & XOP), bonds (treasuries & corporate bonds), REITs (SPG & KIM), Bitcoin & an update on the NFLX swing trade. playback speed can be increased in the setting to reduce video duration
SPG (Simon Property Group) is still on watch as a potential long Swing Trade + Growth & Income trade idea. As the stock is scheduled to report quarterly earnings before market opens tomorrow, it would be prudent to wait until earnings are out of the way before establishing a position & risking a possible large earning/forward guidance-induced gap against the stock. SPG daily April 26th The first bullish event would come on a convincing break above 150.00 with additional bullish confirmation on a breakout above the downtrend line. I have revised the potential price targets (shown here as the [...]
A comprehensive overview of the US stock market via QQQ, SPY & the sectors that comprise the S&P 500 index. There were a lot of significant technical developments this week as well some important technical levels & potential developments to watch for next week covered below. As such, this video runs longer than usual. To reduce the video duration, click on the settings icon at the bottom right of the video to increase the playback speed to 1.25x or 1.5x. ?
The following notes & charts show the potential price targets & other technical developments on a potential Swing Trade + Growth & Income Trade setup for SPG, Simon Property Group, a large mall operator REIT.
SPG (Simon Property Group) has recently put in a divergent low following a 34% "death to all-things retail a la Amazon" bear market, as SPG is the world's largest shopping mall REIT. Retail companies & the shopping mall REITs have certainly felt the pain from the shift towards online retailers but they are not dead yet. Even if this industry will continue to shrink in the coming years there will always be bear market rallies along the way. SPG is on watch for a potential long entry on a break above this primary downtrend line & bullish cross of the PPO [...]
The following trade ideas will be removed from the Active Short Trade ideas category over to the Completed Trades (Short) category. EA: This one was suggested to only short a partial (1/2) position with the criteria for the second lot never triggered. The stock went on to exceed the suggested stop of 66.00 and has been moved to the Completed Trades category. ESS: Fell about half way towards the sole profit target before reversing & triggered the suggested stop of a move over 222.00. HOLX: Exceeded the suggested stop of a weekly close above 37.55. SPG: In the last update, it [...]