$SPDR S&P 500 ETF Trust(SPY)$ An amazing 103% gain from 3 trades using the key levels posted a few hours before market opens expectinga choppy day on Friday. Have a follow for more wins from trading tips next week! Blessed weekend ahead 🙏 Trade breakouts with levels, VWAP & RSI Financials stocks outperformed on Friday, with the S&P 500 sector the only one trading in positive territory. The sector was up more than 1% during morning trading. Stocks got off to a solid start Friday, boosted by stronger-than-expected quarterly results. Those gains, however, didn’t last. JPMorgan Chase & Co (NYSE:JPM) Chase about 7% after reporting first-quarter results that beat analyst estimates on the top

Imagine having the power to know when the stock prices will rise or fall, would you take that advantage to enrich yourself, your family and the inner circle? This plot is not out of some Hollywood blockbusters but has been happening right within the US Congress for the longest time.  No wonder getting a small salary no longer matters in high positions nowadays - serving self before others? What is the value of integrity by the way right? The infamous Pelosi trader couple Members of Congress have access to information that ordinary Americans don’t. They meet with chief executives, read classified intelligence reports and help set the rules by which the economy works. That level of knowledge can give them an advantage if they or their families want to inves

What Is the VIX? The volatility index, or VIX, is one of the most common barometers of market sentiment. For traders, the VIX not only represents a useful tool for assessing risk, but also the opportunity to capitalise on volatility itself. The VIX index is a well-known and widely-followed index that helps traders measure the levels of fear and greed in the market. The VIX is a real-time volatility index, created by the Chicago Board Options Exchange (CBOE). It was the first benchmark to quantify market expectations of volatility. But the index is forward looking, which means that it only shows the implied volatility of the S&P 500 (SPX) for the next 30 days. The VIX is calculated using the prices of SPX index options and is expressed as a percentage. If the VIX value increases,

What Is RSI? Let's get a little technical, shall we? An RSI trading strategy uses the Relative Strength Indicator which benefits day trading and forex trading greatly. It has default settings of 14 periods and 70/30 levels.  The RSI setting will affect how frequently the RSI gives overbought and oversold signals as well as divergence signals to buy and sell. The default RSI setting for the RSI indicator is 14-periods. That means the indicator is calculated using the last 14 candles or last 14 bars on the price chart. Using a shorter timeframe, for example 5-periods will cause the RSI reach extreme values (above 70 or below 30) more often. By the same token, longer timeframe settings will see the RSI indicator reach above 70 or below 30 less frequently. Still awake?

What Is The SMA? The simple moving average (SMA) is a popular technical analysis tool. The simple moving average is a lagging indicator because it is based on past price data. The longer the time period of the SMA, the greater the lag. While the SMA is a helpful technical analysis​ tool, it is best used along with other popular indicators such as trendlines and volume analysis. In most trading scenarios, the SMA is plotted on a price chart along with the exponential moving average (EMA). They share similarities and differences but, like most technical indicators, they work best together to define price trends and momentum in trading. Trading with the SMA shows the average price of a security over a certain length of time and is plotted as a single line on a candlestick chart​. Because it i

What Is The VWAP? Volume is one of the most important concepts in the market. A sharper move that is not supported by higher volume tends to be a sign of a false breakout. Therefore, as the name suggests, the average price weighted by volume (VWAP) is the average price of a financial asset that is weighted by volume. Unlike other indicators like the Relative Strength Index and Stochastic, VWAP is not an indicator per se. It is a benchmark that is used together with other indicators. It is also commonly used by quantitative traders. This indicator has been in use since 1984 when it was discovered by James Elkins, who was a trader at an investment firm known as Abel Noser, and it's one of the most useful tool for entry and exit points. VWAP + Volume The VWAP is a tool that is relatively

What Is The Parabolic Sar? The Parabolic SAR or Parabolic stop and reverse was developed by J. Welles Wilder. The Parabolic SAR is used by the traders to predict the direction of an asset as well as help in determining entry and exit points. One indicator that can help us determine where a trend might be starting or ending is the Parabolic SAR (Stop And Reversal). A Parabolic SAR places dots, or points, on a chart that indicates potential reversals in price movement. From the image below, you can see that the dots shift from being below the candles during the uptrend to above the candles when the trend reverses into a downtrend. Tiny dots moving along with the candles How to Trade Using Parabolic SAR The Parabolic SAR has the advantage of being quite simple to operate. We me

The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern.  What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower. Can't touch these... Hammer time! 🕺  After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears. Green vs Red Inverted Hammer  When the low and the open are the same, a bullish, green Inverted Hammer candlestick is formed and it is considered a stronger bullish sign than when the low

Hi, tigers. On the most-concerned questions of how to decide when to buy and sell stocks, @Ron18 and @Evey77 asked me how to draw a support and resistance lines. This article gonna show you the easiest part in technical analysis - draw a support/resistance line.1. How to draw a support/resistance line?Support/resistance lines are h

Trading breakouts is an excellent trading strategy that involves buying or selling an asset after a long period of consolidation. Most successful day traders know how to identify these breakouts and ride the new trend until the next trend is formed. However, the biggest risk of trading a breakout is when the price suddenly reverses, in what is known as a false breakout. In this report, we will look at what false breakouts are, how you can identify them, and how you can use them in the market. Not the usual acne breakouts A false breakout happens when there are no enough bulls or bears to continue supporting the asset. In the example above, the lower false breakout happened when bears found strong resistance from bulls. Similarly, the upper false breakouts happened because there were n

The ascending triangle, often referred to as the ‘rising triangle’, is one of the top continuation patterns that appears mid-trend. Traders anticipate the market to continue in the direction of the larger trend and develop trading setups accordingly. What Is The Ascending Triangle? The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend. ⚠️ Similar ascending triangle taking shape The Ascending Triangle as a Bottoming Pattern The location of the ascending triangle in relation to the

U.S. markets ended the last trading day of February in the red as investors and traders remained concerned about the Federal Reserve's future policy path. Markets pared gains made in January as strong economic data coupled with a tight labor market raised concerns the central bank may remain on its rate hike path for longer than expected. Traders have started to price in the chances of a bigger 50 basis-point rate hike in March, although the odds remain low at about 23%, according to Fed fund futures, which suggest rates peaking at 5.4% by September, up from 4.57% now. BofA Global Research cautioned the Fed could even hike interest rates to nearly 6%. The SPDR S&P 500 ETF Trust (NYSE:SPY) closed 0.37% lower on Tuesday while the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) lost 0.13%. C

U.S. markets ended lower last week, dragged by disappointing economic data that indicated the Federal Reserve may continue to remain on its rate hike path for some time to come. The S&P Global Purchasing Manufacturer’s index returned to expansion for the first time in eight months in February. The core personal consumption expenditures price index, which is the central bank’s preferred measure of inflation, rose 0.6% in January and 4.7% from the prior year, above economist estimates of 4.3%. As a result, the SPDR S&P 500 ETF Trust (NYSE:SPY) closed 2.37% lower for the week. As February comes to an end, here's a look at crucial trading ranges for SPDR S&P 500 ETF Trust: Options expiring on March 3 show the maximum open interest build-up at the 400-Call strike with 11,8

Tesla stock (ticker: TSLA) is down about 2% in midday trading after dropping 5% on Friday. What's more, shares are dropping while the market is moving higher. The S&P 500 and Nasdaq Composite are up 0.9% and 1.4%, respectively. Took the put at the second red candle when price falls below 193 breaking down the range marked out using the yellow box indicator to short TSLA.  The simpler explanation is the stock is down because it was up -- a lot. Before Friday's drop, Tesla stock was up for eight consecutive days. The run pushed shares up more than 100% from the 52-week intraday low of $101.82 on Jan. 6. That has traders and market technicians thinking that Tesla shares were due for a pause. "Take profits on the double into resistance in a month, " wrote Eve

U.S. equity markets witnessed a see-saw movement on Tuesday as investors and traders held on to every word spoken by the Fed Chair. Major indices, however, ended the session in green. The SPDR S&P 500 ETF Trust (NYSE:SPY) gained 1.29% while the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) rose 2.07%. Powell’s comments come in the wake of a strong jobs report released last week. The Labor Department reported the U.S. economy added 517,000 jobs in January, far exceeding economist estimates of 187,000 new jobs. The labor report for January was stronger than what Powell had anticipated, he said: "It kind of shows you why we think that this will be a process that takes a significant period of time." "By the way, it's a good thing that inflation has started to come down ... and that has not happe

Waited for 100 mins for the 13% gain with SPX over a choppy price action day. The market is waiting for Jerome Powell to give a clearer direction after the explosive unemployment rate last Friday. Stocks continued to give back some of this year’s gains, with traders waiting to see if Jerome Powell will dampen the bullish reaction to his recent remarks as the Federal Reserve keeps its firm grip on policy. As equities came off overbought levels, Treasuries took a hit following the best start to a year for cross-asset returns since 1987. The Fed’s boss will have an opportunity in an interview Tuesday to remind Wall Street that bets on rate cuts in 2023 are probably misplaced at this stage. Federal Reserve Bank of Atlanta President Raphael Bostic said January’s strong jobs report raises

What Bull Flag? The bull flag is a clear technical pattern that has three distinct components: the flag pole, the flag, and the break of the price channel. Respectively, they show a strong directional trend, a period of consolidation, and a clear breakout structure. When put together, it can be a strong predictor of future price action. Identify The Pattern The most important part of the flag pattern is to identify a strong trend (in either direction, as the Flag may be inverted, triggering a bearish move!) Take a look at the higher time frames when you find a flag pole, to ensure the price is not simply ranging. It could be meeting a large area of resistance! Protection No trade should be entered without knowing its exit conditions, whether this is in the trade’s favor or against it. The

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$CN Energy Group Inc.(CNEY)$  CNEY Signals & Forecast There are few to no technical positive signals at the moment. The CN Energy Group. Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.05 and $0.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 27, 2023, and so far it has fallen -77.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an