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Breadth Indicators

QUIK worth monitoring closelyIt appears that the Marketwatch article yesterday more than doubled the usual volume for this ticker. The 1W chart shows the following indicators that piqued my interest: TTM squeeze on, any continuation this week would likely trigger a release. RSX higher highs/higher lows and currently crossing mid-line, indicating there's room to run much higher despite yesterday's 30% gain. Recent PMO crossover at approximately -10; the last time QUIK saw a PMO crossover at this level on the weekly chart was October 2016, where the price moved from ~0.75 to ~2.50 by early March 2017. Although not visible on the 1W chart, there are three significant gaps above the current price that remain to be filled on the daily chart: 1.31-1.56, 2.48-2.90, and 3.78-4.01. To reach the last two gaps, QUIK would first have to clear the strong resistance trendline dating beginning Feb. 2015; however, if it is able to breakout above this trendline, there's not much stopping a run-up to 3.00. I'm not taking a position yet, but I will be watching for entry. Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.
NASDAQ:QUIKLong
by LDC870
Update - 1W Chart Squeeze ReleaseSince my first post, PYDS climbed from 2.78 to 3.13, closed the week at 3.03. I've done further analysis of the weekly chart and note the following: breakout above the upper resistance trendline from 03/15 to 10/17 sustained support at SMA200 on 1W chart PMO crossover and higher lows on last two cycles of PMO The fib retracement on the left covers the downtrend from March 2015; the one on the right covers the uptrend from June 2017, which is the last wave of the PMO. After the spike in late 2017, we see a year's worth consolidation at the 0.786 level and a run to the 0.382 level on the uptrend fib. On the downtrend fib, last week's candlestick climbed and closed at the .236 level; this past week's candlestick blew through the .236 and stopped at the .382 Lastly, the EMA20 and SMA50 are converging on the SMA200; meaning a golden cross may be on the horizon in the next few/several weeks My interpretation: This breakout is not a fluke and will not be short-lived. My bold prediction: PYDS breaks 3.82 before the end of February. If it holds 3.82, this may stagnate between there and 4.50. If it can climb and hold above 4.50, there's room to run to 5.50 with ease. Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.
PLong
by LDC870
Update: TTM Squeeze FiredSince my last post, the squeeze has fired. If you caught my original post and followed it, you had the opportunity to get in at 10.8X. The uptrend is strong. MA crossover confirmed legit and confirmed breakout above old downward resistance trend line. With WTIOIL sustained uptrend, USDP should easily close the gap from 12.00-12.75. The RSX has just crossed into overbought territory, so a pullback is possible. Any pullback would be a prime opportunity to load. Also, USDP just announced its FIFTEENTH consecutive quarterly dividend increase to 0.36 per unit. I'm not an income investor, so someone correct me if I'm wrong, but 0.36 x 4 quarters = 1.44; 1.44/11.55 = 12.47% annual dividend yield. This is not a sexy stock pick, but I think it's a super-sneaky ticket to gainz. I got in at 10.85, so if I hold through the latter of ex-dividend date and the date the gap fills to 12.75, that's a 20.83% ROI. AND, the last time the MA crossover set up this well in 2016, USDP ran from sub-10.00 to 17.00-plus, from May 2016-Feb. 2017. My best guess is that patience will again be rewarded in 2019. Disclaimer: This is only opinion. This is not investment advice. You are responsible for your own trades and conducting your own due diligence.
ULong
by LDC870
2-for-1 Bullish SetupThe daily chart offers two long setups with indicators firing almost simultaneously. On the top left, I hid the candles to display only the EMA20 (green), SMA50 (turquoise) and the SMA200 (red). You can see the price action on the top right chart with the TTM squeeze overlay included. We've got a good old-fashioned SMA50/200 golden cross with support from the SMA200. MACD shows momentum trending upward again; the RSX indicates a strong positive trend but not yet overbought; and volatility has bottomed out and looks ready to bounce at just the right time. The bottom line of the keltner channel is rapidly converging on the bottom BB, and the daily candles look ready to bust out of the top of the squeeze. Also, the A and C waves are positive and in agreement. I'm going to wait on a market or limit buy in case this ricochets off the top band one more time for another wave of consolidation; however, to make sure I don't miss the boat, I'm setting a stop order to buy at 11.25. if you want to do the same thing and play more conservatively, you could set the stop at 11.50-11.60.
ULong
by LDC870
Weekly TTM Squeeze SetupSo, assuming this weekly candle holds up, ENPH has a really nice TTM momentum squeeze setup on the weekly chart. For comparison, the last time ENPH had a squeeze breakout like this was July 2014. Here's the chart: Over the course of ten weeks, ENPH ran from sub 10.00 to a high of 18.00! Past performance in no way guarantees future results, but the point is that if you trade a a squeeze breakout on the weekly chart, you can really make some money. And the setups are very similar between July 2014 and January 2019; ADX below 20, RSX above the midline but below the oversold line with a strong upward direction. The RSX for the current setup is less oversold than the the start of the July 2014 breakout, so there's an argument that this one may have even more "juice" than that one. I predicted we'd see 6.75 by the end of January and we hit it a couple of weeks earlier than I expected. I predict that this setup breaks 8.00 before the end of March.
NASDAQ:ENPHLong
by LDC870
Textbook TTM Squeeze SetupWe had tight squeeze, and yesterday's price action started rapidly expanding the Bollinger bands. Wave A and Wave C are both positive. ADX appears to have turned the corner so we should expect some increased volatility, and the trend tells us to expect that volatility to be positive based on the waves and the RSX. The RSX shows a clear upward curve, having just bounced off the mid-line, and the RSX shows clear "stair stepping" with higher highs and lower lows over last two cycles. I'm in at 1.642 with a target of 2.40. Will reevaluate trade if the daily candle breaks the green support trendline.
MLong
by LDC870
FPAY Squeeze UpdateThe spread has tightened up over last three trading days into an ascending triangle. Squeeze remains released on the daily chart with positive momentum. On the 30-minute chart, TTM squeeze is on and should break one way or the other today. On Friday, asks in the mid-80s had dried up. The C-Wave looks pretty good on this one, so my guess is it breaks up today or tomorrow. Once this breaks 0.88 it should hit next resistance at 0.95 and then 1.08. These low floaters can give lots of false signals throughout the day. So long as the longs keep holding, the bids will eventually have to break resistance. Expecting PR any day now for the December lease originations update.
NASDAQ:FPAYLong
by LDC870
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RKDA TTM Squeeze Setup Squeeze is currently on. Volatility bottomed out recently (see ADX) and is turning upward. RSX is trending upward, which tells us momentum is bullish and we'll want to go long. The Bollinger bands have started to expand but haven't eclipsed the keltner channel yet. The bullish tail on yesterday's candle and the close just below the upper Bollinger band provide some confirmation that RKDA is setup nicely for a TTM squeeze. I entered yesterday at 4.30 avg. Accumulate while the squeeze is still on or just after release and ride the trend on the upper BB until the momentum shifts. It should be an easy ride up to 5.50-5.75, which looks like the first level of sustained resistance.
NASDAQ:RKDALong
by LDC870
JSE:J200 Number of Stocks in Top40 Above Moving AveragesI coded this indicator for the JSE. The indicator gives the percentage of stocks above its moving averages. We see that the JSE has less than 20% of the stocks above its 200 Day SMA and about 50% around its 50 Day SMA. If we look at previous analogs at the start of the trading range there was a declining trend in the 200 SMA but inclining trend in the 50 SMA which lead to some recovery. However, currently the 200 SMA is declining but the 50 SMA is not printing higher highs which seems to indicated continued weakness.
JSE:J200Short
by SteynTrade