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Is the #market stretched? | #heikinashi #trendfollowing $psyline #trading

November 3, 2019 Comments off

SP-500 ($SPX) daily

  • (!) Short-term 9 is a warning level.

 

SP-500 ($SPX) weekly

  • (+) Theoretically, a run to 9.

 

SP-500 ($SPX) monthly

  • (+) In a bull market, a long-term 9-level is not an indication of a top, but of a trend continuation.

 

$AMZN, hurt but not dead | #Amazon #heikinashi #markets #trading #trendfollowing

October 27, 2019 Comments off

Amazon ($AMZN) daily

  • (-) Below the trailing-stop (now the buying-stop) since late July.
  • (-) Lower lows, lower highs.

 

Amazon ($AMZN) weekly

  • (!) Sitting on the support. Weak.
  • (!) haDelta points to consolidation or a fresh leg down.
  • (-) S-oscillator is negative in the lower half of the range.

 

Amazon ($AMZN) monthly

  • (!+) haDelta

 

 

Give us news… | $MJ | #cannabis #markets #heikinashi

October 20, 2019 Comments off

ETFMJ Alternative Harvest ETF ($MJ) daily

  • (–) Clear downtrend.
  • (+) Some limited technical positive signs (deviation from both downtrends).

 

ETFMJ Alternative Harvest ($MJ) ETF weekly

  • (–) Ugly chart.

 

ETFMJ Alternative Harvest ($MJ) ETF monthly

  • (–)  Another ugly chart. Breaking below all significant supports.
  • (!+) Possible bottom (S-oscillator).

 

Two candidates for an earnings run: $ADBE and $ADSK | #markets #heikinashi #trendfollowing #earnings

October 13, 2019 Comments off

Adobe ($ADBE) daily

  • (!)   Ready to break above the descending channel.
  • (+) Positive haDelta sign.

 

Adobe ($ADBE) weekly

  • (++) Positive divergence.
  • (!)  Consolidation on the support.

 

Adobe ($ADBE) monthly

  • (+) Superb uptrend.
  • (+) 17.50% risk.

 

Autodesk ($ADSK) daily

  • (!) Ready to take off, if the market is positive.

 

Autodesk ($ADSK) weekly

  • (-) Clear downtrend since the top (lower highs, lower lows).
  • (!+) haDelta suggests a strong trend ahead.

 

Autodesk ($ADSK) monthly

  • (++) Above the long-term trailing-stop.
  • (+)   #heikinashi inside candle (slowdown of the recent pullback).
  • (+)    Positive haDelta signal.
  • (+)    14.35% risk.

 

$UBER and $TWTR: A #heikinashi technical view | #markets #trendfollowing #trading

October 6, 2019 Comments off

Uber ($UBER) daily

  • (-)  Clear downtrend (lower highs, lower lows).
  • (-)  Below the red-dotted buy-stop.
  • (+) Weak positive haDelta sign.

 

Uber ($UBER) weekly

  • (!-) High odds to go lower (haDelta failure).

 

Twitter ($TWTR) daily

  • (-) Short-term downtrend (lower lows, lower highs).
  • (-) Below the red-dotted buy-stop. A reaction remains a reaction.

 

Twitter ($TWTR) weekly

  • (+) Uptrend (higher highs, higher lows).
  • (+) Above the blue-dotted trailing-stop.
  • (-)  Negative haDelta setup.

 

Twitter ($TWTR) monthly

  • (+) Above the trailing-stop.
  • (!)  Consolidation.

 

 

As with $TSLA, the hype is over for Beyond Meat ($BYND) | #markets #Tesla #trendfollowing #heikinashi

September 29, 2019 Comments off

Beyond Meat ($BYND) daily

  • (-) Some say it’s a consolidation. I say it’s a distribution with negative bias.
  • (-) Below the buy-stop.

 

Beyond Meat ($BYND) weekly

  • (-) More serious here: haDelta failed to rise above zero.

 

Tesla ($TSLA) daily

  • (+) Trying to erase the recent fall.

 

Tesla ($TSLA) weekly

  • (-) Downtrend, even for the fans.

 

Tesla ($TSLA) monthly

  • (!) On important support. It should hold, otherwise, the rollover starts.
  • (-) Far (47%) from a volatility-based buy-stop (red-dotted line).

 

$ETSY, on the waiting list | #markets #trendfollowing

September 22, 2019 Comments off

Etsy ($ETSY) daily

  • (-) @resistance
  • (+) Well-above the trailing-stop (Risk = -11.34%)

 

Etsy ($ETSY) weekly

  • (+) Potential (above the buy-stop @66.71

 

Etsy ($ETSY) monthly

  • (-) Still negative

 

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