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Archive for the ‘Japanese candlesticks’ Category

Market weakness $SPX $SPY: *one* technical view | #heikinashi #markets #trendfollowing

Or why you should add Heikin-Ashi tools to your analysis and trading/investing.

SP-500 ($SPX) daily

  • The recent high is in response to the previous very visible top, in late September-early October. Tweets may have exacerbated the momentum. But technical remains technical.
  • (-) Although a delayed indicator, $MACD works.
  • (-) haDelta points to more downward pressure.

 

 

SP-500 ($SPX) weekly

  • (-) Lower MACD highs.
  • (!) MACD is ready to turn lower.
  • (-) “In haDelta I Trust!”
  • (-) S-oscillator is reversing from the top.

 

SP-500 ($SPX) monthly

  • (!-) MACD may reverse.
  • (-) “In haDelta I Trust!”
  • (+) Risk is 11%.

 

 

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When technical indicators fail… | $AAPL, #heikinashi #markets #technicalanalysis, #trendfollowing

April 28, 2019 Comments off

Apple ($AAPL) daily

  • (!)  Ready to risk 3.23%?
  • (+) Above the trailing-stop (blue dotted line)
  • (+) Higher highs, higher lows
  • (!)  haDelta signals a short pullback

 

Apple ($AAPL) weekly

  • (+) Above the trailing stop (14.66% risk)
  • (+) White Heikin-Ashi candles
  • (-)  Negative divergence price :: haDelta. Not a serious matter, as long as the price is above the trailing-stop

 

Apple ($AAPL) monthly

  • (!)  The month is not over yet so the trailing-stop at 151.195 may change. Wait until the end of the month.
  • (+) Higher highs, higher lows
  • (!)  haDelta may still have room to run

 

Categories: heikin-ashi Tags: , ,

$SPX: The market has a positive bias | #market #trendfollowing #heikinashi #trend

April 13, 2019 Comments off

S&P-500 ($SPX) daily

  • (+) 2.30% risk
  • (+) #heikinashi candles are white (uptrend)

 

S&P-500 ($SPX) daily

  • (++) haDelta points to a strong uptrend ahead
  • (! +)     Uncertainty for the S-oscillator

 

Categories: heikin-ashi

Uptrend continuation for $SPX | #markets #trendfollowing

April 1, 2019 Comments off

S&P-500 ($SPX) daily

  • (+) Above the trailing-stop (risk = 2.61%)
  • (+) The second day of a positive S-oscilator crossover

 

A 3D (confusing) market view | $SPX $SPY | #market #trendfollowing

March 31, 2019 Comments off

S&P500 ($SPX) daily

  • (+) Tired with positive signs.

 

S&P500 ($SPX) weekly

  • (-) 3,000 and it is over.
  • (+) Strong probability for the S-oscillator to turn up.

 

S&P500 ($SPX) monthly

  • (+) Positive S-oscillator signal.
  • (!)  Possible diamond formation (negative bias) if a lower high is formed.

 

Listen to advice, but verify the 3D picture | $MRCY #heikinashi #markets #trendfollowing

March 24, 2019 2 comments

Mercury Systems ($MRCY) daily

  • (+) Consolidation with a positive bias
  • (-) S-oscillator is at an extreme value, signaling a top. Who buys at a top?
  • (+) Above the trailing-stop with a 6% risk
  • (+) A bullish pattern in a consolidation

 

Mercury Systems ($MRCY) weekly

  • (-) The extreme value of the S-oscillator does not support a long trade now

 

Mercury Systems ($MRCY) monthly

  • (-) Another extreme for the S-oscillator

 

STOP giving up gains. Use a *reliable trailing-stop. $ACB $MJ #cannabis #markets #trends #trendfollowing #heikinashi

March 17, 2019 2 comments

Aurora Cannabis ($ACB) daily

  • Regardless of what RSI(14) says (overbought or oversold), use a trailing-stop to capture more of the existing trend.
  • As the old books say, when RSI(14) falls below 90 or 70, it’s time to exit (overbought). False. As long as the close remains above the trailing-stop, RSI(14) is noise, has only informational value, and it’s not a decisional factor.
  • The risk factor is the only variable the trader may or may not feel comfortable with (13.63% in this case).

 

MJ (Cannabis ETF) daily

  • (+) Ascending triangle, ready to explode.

 

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