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Gold Price on Cusp of Testing June LowThe price of gold appears to be on track to test the June low ($1893) as it extends the series of lower highs and lows from last week. Gold Price Outlook The price of gold seems to be tracking the negative slope in the 50-Day SMA ($1941) as it registers a fresh monthly low ($1903), and failure to defend the June low ($1893) may push the Relative Strength Index (RSI) towards oversold territory as it slips to its lowest level since June. A break/close below the $1886 (23.6% Fibonacci extension) to $1896 (61.8% Fibonacci retracement) region may push the price of gold towards $1843 (50% Fibonacci retracement), with the next area of interest coming in around the March low ($1809). Nevertheless, the price of gold may attempt to retrace the decline from the start of the month if it holds above the June low ($1893), with a move above $1937 (38.2% Fibonacci extension) raising the scope for a move towards the monthly high ($1966).
FOREXCOM:XAUUSD
by FOREXcom
6
Micheal J Burry is not Alone!Who is Micheal J Burry and Why everyone talks about him Today? Today on most social media pages everyone talks about this news: Michael Burry just shorted the market with $1.6B Bought $890M of AMEX:SPY Puts Bought $740M of NASDAQ:QQQ Puts This now makes up 93% of his entire portfolio To me, Michael J Burry is a True Living Legend! Michael J. Burry is an American investor, hedge fund manager, and physician. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010. In 2000, Burry founded the hedge fund Scion Capital. Scion Capital was a very successful hedge fund, and Burry made a lot of money for his investors. However, Scion Capital closed in 2008 after the subprime mortgage crisis. Michael Burry made a personal profit of $100 million and more than $700 million for his investors during the subprime mortgage crisis. This represents a profit of over 489% for Scion Capital, Burry's hedge fund, between its inception in 2000 and its closure in 2008. Burry's profit was the result of his bet against the subprime mortgage market. He believed that the market was overvalued and that the housing bubble would eventually burst. He shorted mortgage-backed securities (MBS), which are investments that are backed by pools of mortgages. When the housing bubble burst in 2007, the value of MBS plummeted and Burry's bet paid off handsomely. Burry's bet against the subprime mortgage market was a very risky one. Many investors thought he was crazy, and he was even sued by some of his own investors. However, Burry's bet turned out to be correct, and he made a lot of money for himself and his investors. Burry's story is a reminder that it is possible to make a lot of money in the stock market by being a contrarian. He was willing to go against the crowd and bet against the subprime mortgage market, even though most investors thought he was wrong. His bet paid off, and he made a lot of money. From a Statistical point of view, there are lots of similarities between now and November 2021, Here are some other famous hedge funds that made money from the subprime mortgage crisis in 2007: John Paulson's Paulson & Co. made a profit of $20 billion during the crisis. Paulson was one of the first investors to bet against the subprime mortgage market, and he made a lot of money when the housing bubble burst. David Einhorn's Greenlight Capital made a profit of $2 billion during the crisis. Einhorn was also a contrarian investor, and he bet against the subprime mortgage market. Seth Klarman's Baupost Group made a profit of $1 billion during the crisis. Klarman is a value investor, and he saw the subprime mortgage market as being overvalued. George Soros is another famous hedge fund manager who made money from the subprime mortgage crisis. Soros's Quantum Fund made a profit of $1.7 billion during the crisis. Soros was one of the first investors to warn about the dangers of the subprime mortgage market, and he bet against the market. The NAAIM Exposure Index is a measure of the average exposure to US equity markets reported by members of the National Association of Active Investment Managers (NAAIM). The index is released weekly on Thursdays. Each week, NAAIM members report their exposure on the stock market using a scale of 1 to 5, with 1 representing 100% cash and 5 representing 100% invested in stocks. The NAAIM Exposure Index is a contrarian indicator. This means that it tends to move in the opposite direction of the stock market. When the stock market is rising, the NAAIM Exposure Index tends to fall, and when the stock market is falling, the NAAIM Exposure Index tends to rise. This is because the NAAIM Exposure Index is based on the sentiment of active investment managers. When active investment managers are bullish on the stock market, they tend to increase their exposure to stocks. This drives up the NAAIM Exposure Index. However, when active investment managers are bearish on the stock market, they tend to reduce their exposure to stocks. This drives down the NAAIM Exposure Index. The NAAIM Exposure Index can be used as a tool to identify potential turning points in the stock market. When the NAAIM Exposure Index is high, it suggests that active investment managers are bullish on the stock market and that a correction may be coming. However, when the NAAIM Exposure Index is low, it suggests that active investment managers are bearish on the stock market and that a rally may be coming. The NAAIM Exposure Index has been on a downward trend for the past 3 years. In August 2020, the index was at 75.93, which is considered to be a neutral level. However, the index has since fallen to 65.49 in August 2023, which is considered to be a bearish level. Conclusion: It is highly likely that Micheal J Burry is not Alone!
NASDAQ:QQQShort
by Moshkelgosha
44
Are The Bulls Back? ES1! SPY SPXAre the Bulls making a comeback in the S&P? 🐂💪 Get ready for an exclusive analysis! In my latest video, I delve into why the Bears have been dominating the market lately, but there's a glimmer of hope for the Bulls in the S&P. Sadly, the Nasdaq and Russell 2000 haven't joined the party just yet. 📈🚀 Let's talk confirmation and the essential indicators I rely on: Beacon Indicator, Bollinger Bands, Auto Anchored VWAP, and a 5 Day Moving Average. Check out the video to discover the key levels I'm closely monitoring in the S&P 500 ES1!, Nasdaq 100 NQ1!, and Russell 2000 RTY1! Futures Markets. Time to trade wisely! 💼💰 #StockMarket #Trading #BullsVsBears
CME_MINI:ES1!
by anthonycrudele
8
Falling Wedge in Microsoft Technology stocks have retreated this month as the AI frenzy cools. Microsoft, in particular, has pulled back. The first pattern on today’s chart is the narrowing range since the slide began in late July. MSFT has made lower highs, but lower lows at a shallower pace. That could have produced a descending triangle, which is potentially bullish. Second, consider the rally between April 25, when results beat estimates, and July 18, when the company announced pricing for its AI services. The current pullback represents about a 50 percent retracement of that move. Third, the software giant has remained above its 100-day simple moving average (SMA) since January. But now prices are returning to the vicinity of this longer-term trend indicator. Finally, stochastics have been in oversold territory for more than a week. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:MSFT
by TradeStation
13
Palladium Analysis: Is price starting a swing higher? Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also posted a solid session on Thursday. After yesterday’s rally, we have looked at a few things that have stood out in the buyer's favour, but we have also broken down the remaining hurdles and what we want to see from price to confirm the bullish signs. Do you trade Palladium? If so, please let us know what you think of the descending triangle pattern and if you agree with current volume supporting yesterday’s move. Have a great day and good trading.
EIGHTCAP:XPDUSDLong
by Eightcap
18
Gold Keeps Trading Sideways. Here's Why.In early 2020, following the massive injection of liquidity into the financial markets by the Federal Reserve, many onlookers speculated that the price of gold would go on a massive bull run, comparable to the gold super-cycle we saw in the early 2000's: In that market, gold went from ~$260 per ounce to more than $1,600 per ounce, a gain of more than 500% over the course of a decade. This speculation, of course, was founded in the belief that a higher supply of money, as created by the federal reserve in 2020, would lead to devaluation of the dollar against gold, a "hard" asset. What happened, in retrospect, has been something else altogether. The bull run materialized initially, when gold rallied roughly 40% over just 4 and a half months following the initial pandemic shock: However, what followed was somewhat of a nothing burger, as gold has remained largely range-bound between $1,600 and $2,100 throughout 2021, 2022, and now more than half of 2023: This has been a massive disappointment for gold investors, who likely believed that the M2 expansion in 2020 and 2021, followed by the inflation experienced in 2022 and 2023, would set up gold perfectly to outperform the broader market. (Inflation): Why has gold languished? Where is it headed? Here's our thoughts. First - it's important to take a look at the futures curve to get a sense of market expectations: This chart, provided by the kind folks over at COMEX and visualized right here on TradingView, shows that future expiries of the gold contract, going out over the next 6 years, are pricing in a linear ascent for gold between where it is now, at ~1,950, and $2,200. But is this what the market actually thinks? No. This curve is pricing in the expected appreciation over the next 6 years of gold Vs. the dollar -> it's essentially pricing in inflation. That said, it's still useful for getting oriented. In reality, price discovery of supply and demand is still facilitated by the front month, most liquid contract. So why has gold languished? In our view, Bitcoin has played a massive part in stifling gold's potential ascent: In the chart above, you can hardly make out gold's dramatic increase in 2020, due to the magnitude of Bitcoin's percentage rally. Given the similarities between the products, and with many viewing Bitcoin as "Digital Gold" (a view which we hold as well), we may very well be seeing the disruption of gold as a financial instrument in the use case it has, up until now, owned exclusively. Time will tell. In fact, the CME has launched Bitcoin futures - perhaps an omen of this very dynamic. Bitcoin Futures (Ticker "BTC"): As for where gold is headed next; we think gold should break higher above 2,100 at some point due to historical inertia and increased demand within broader jewelry and industrial use cases. When does a breakout happen? It's anyone's guess. However, when that trade emerges, it should be a great opportunity to catch a breakout towards $2,400 & 2,600, the next fib extension levels: We'll be sure to post about it if and when that happens. Cheers! Looking for high-quality market analysis, along with unique trade ideas? Follow us below for more. ⬇️⬇️
COMEX:GC1!
by PropNotes
16
What Disinflation - Beef Price Went Up 64 percent in 5 YearsCME: Live Cattle ( CME:LE1! ), Lean Hog ( CME:HE1! ) Last month, the Bureau of Labor Statistics (BLS) reported that US inflation on food items was 5.7% in June, exactly half of its peak of 11.4% in August 2022. Food inflation is at its lowest level since November 2021. Under the sub-category “Meats, poultry, fish, and eggs” from Food-at-home, the BLS data shows a negative 0.2%, meaning that meat prices declined in the past year. The official data contradicts my own experience. Anyone who has been shopping knows that the grocery bill gets bigger every month. Last weekend, I surveyed the Beef section at a local Walmart and found the following: • Beef cuts with the USDA Choice label price between $12-$18 per pound. • A primal loin, for example, costs $16.99/lb. Next to Beef is the Pork section. • A full slack of spareribs prices at $1.89/lb. • This is back to the pre-Covid price level. Why is beef so pricy? Will consumers get some relief as food inflation goes down? In this report, I attempt to find out what drives the beef/cattle price up. The Cash Cattle Market According to the National Daily Cattle & Beef Summary published by the USDA, Choice Beef averaged $301.79/cwt (per 100 pounds) nationwide on August 4th. Primal loin cutouts averaged $4.11/lb. This is so much lower than the retail price. But why? The USDA reports transactions occurred at meatpackers, where cattle farmers sell their beef cows. The report shows the value chain throughout the packing process: • Live Cattle: Steer (male cow), 187.55/cwt; Heifer (young female), $187.26/cwt; • Beef Carcass: $284.86 (Choice); • Primal Flank: $214.84 (Choice); • Primal Rib: $457.54 (Choice); • It also lists prices for Chuck, Round, Brisket, Short Plate, Trimmings, etc. From the packing plant, beef goes through cold storage, wholesale, and retail distribution before consumers pick up their favorite meat at the grocery store. During the inflationary period, labor and energy become more costly, driving up the cost of each stage of processing and distribution. Higher interest rates also raise the cost of business overhead. These together widen the price spread between live cattle and retail beef cutout significantly. In the beef cattle value chain, it takes farmers two years to raise the cows, while processing and distribution take maybe two weeks to complete. However, farmers receive only about 20% of the final sales price. The Cattle Cycle and A Shrinking Herd Cattle cycle is the process in which the size of the national cattle herd changes over time, from low point to low point. The cattle cycle averages 8–12 years and is influenced by the cattle prices, input costs that drive producer profitability, the gestation period, the time needed for raising calves to market weight, and climate conditions. If cattle prices and producer profits are expected to rise, producers may expand their herds; if prices are expected to decline, producers will reduce their herds by culling older cows and keeping fewer heifers to replace older cows. Cow-calf producers’ response to price fluctuations may be delayed because of the lengthy gestation period for cattle relative to hogs and poultry. The total number of beef cattle in the United States is highly dependent on the stage in the cattle cycle. Last month, the USDA reported that the latest herd inventory for all cows and calves was 95.9 million, down 3% year-over-year. Beef cow inventory was 29.4 million, also down 3%. The decline in beef cow supply is the main driver for higher beef prices. Over the past 50 years, the US cattle herd has shrunk significantly. • Inventory for all cows and calves peaked at 132 million in 1975. We have lost over 36 million cows or 27% of all cattle supply. • Beef cattle inventory peaked at 45.7 million. We now have 2/3 of peak herd size. A counter argument is that, with technology advancements, we need fewer cows for the same amount of beef supply. The production time gets shorter, and the cows gets bigger. People now have healthier diets and take in less red meat. According to USDA data, per capita beef consumption was 63.3 pounds in 1960. It declined to 59.1 pounds in 2021, down 6.6%. But look at the huge population growth for people. The US had 203.2 million people according to the 1970 Census. US population grew to 331.4 million in the 2020 Census, up 63%. Beef demand clearly outpaced supply as US population grows. Beef Export and Import Interestingly, the US both exports and imports beef. In 2021, the US exported 3.43 billion pounds of beef while imported 3.35 billion pounds. Beef export was mainly higher-grade beef cutouts. And import was lower-grade beef for processing into ground beef. The US used to be a net import country for beef. In 2020, China signed a trade agreement with the US and opened its vast market for US beef import. This resulted in China buying four times as much beef the following year. More export reduces domestic beef supply. This is another factor driving up beef prices. In conclusion, the days of lower priced beef are long gone. Beef prices are expected to remain high, even though food inflation goes down. Cattle and Hog Spread Trade – A Revisit How could we make use of this analysis? On May 15th, I published an idea about a spread trade between CME Live Cattle Futures ( NASDAQ:LE ) and Lean Hog Futures ( NYSE:HE ). The 20-year chart shows that the price spread between live cattle (LE) and lean hog (HE) broadly stays in the range of $20-$60 per 100 pounds but could go up to as high as $100. On May 12th, October cattle contract (LEV3) was quoted $166.2 per 100 lbs., while October hog contract (HEV3) priced at $77.425. Thus, the price spread was $88.775. On August 4th, LEV3 settled at $183.10 while HEV3 was closed at $83.25. The spread has widened to nearly $100. The Impact of Proposition 12 In 2018, California passed an animal welfare law called Proposition 12. It requires that breeding pigs be confined to a pen with no less than 24 square feet of floor space, allowing them to fully turn around in their living area. Proposition 12 applies to not only hog farmers in California, but also any supplier selling hog and pork in the state of California. The hog industry fought hard but lost. The Supreme Court upheld the law in May, and it is finally taking effect in July. The animal welfare law significantly increases the cost of hog production nationwide. Prices of live hog, pork cutout, ham and bacon shall all go up. However, as we are now in summer, a low pork consumption season, cash market price has not yet caught up. In my opinion, the cost factor pushing pork prices up in the short run is greater than the supply-demand force that drives up beef prices in the long run. There may be room to short the cattle-hog spread, until pork prices stabilize in a new equilibrium. A Short Spread trade entails selling 1 CME Live Cattle Futures and buying 1 CME Lean Hog Futures. Both contracts are based on 40,000 pounds of meat and require $1,600 in initial margins. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:LE1!Short
by JimHuangChicago
26
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Long
by joerivdpol
20
Earn 18% While Waiting To Buy AMD At SupportHey guys! Today, we're looking at a Trade Idea in AMD, the popular semiconductor company that often plays second fiddle to Nvidia (NVDA). Like most of our trade ideas, this post focuses on selling put options - this time, on AMD shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you will be forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words- either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, AMD seems like a great candidate for this strategy. Selling the October 20th, 2023 $105 strike put options yields more than 18% on an annualized basis, and 105 is a decent support zone, as you can see on the chart above. This is also a popular pivot area if you zoom out further: The stock has also been in a bullish uptrend, and the recent, flat price action is a solid consolidation that should be perfect for selling puts: But what about fundamentals? All of this means scant little if you're forced to buy a stock that will go down over the long term. Fortunately, AMD is growing its top-line sales and bottom-line profits at a steady pace on the back of increased demand for semiconductors: While the company is diluting shareholders somewhat, the valuation, at only 8x sales, seems reasonable when compared with peers and to the company's own multiple historically. Plus, the trade has a 76% chance of earning max profit by expiry. Overall, we think selling the October 20th, 2023 $105 strike put options is a great win-win trade for income-seeking traders. Cheers! Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
NASDAQ:AMDLong
by PropNotes
26
Centrica - bullish divergence*investment opportunity* A 90% correction since 2014 and following oversold condition there now exists an excellent opportunity to buy this stock. The 10-day chart above confirms a regular bullish divergence between price action and the oscillators + higher low in price action. This is the start of a trend reversal. Price action is now in the bullish half of the Bollinger band as the mouth is constricting, which suggests a big move is coming. On the fundamentals Centrica engages in the provision of energy and supply services. There is no end of ‘bad news’ stories on the business. Pay no attention. The only news you need is the headlines in the charts, and they look amazing. A buy above 42 is good. 1st target 115 2-month chart - broken RSI resistance following oversold condition: 3-month chart - bullish morning star + confirmation
LSE:CNALong
by without_worries
20
Pre-Earnings Run in $UPSTNASDAQ:UPST has been running up speculatively after completing its bottom. It has mostly retail groups and smaller funds holding so that is why the stock has up and down days in an irrational trend pattern often. HFTs are in the mix regularly inspiring the speculation. The company reports Monday of next week. Looks like Pro Traders used a swing trading earnings strategy and some took profits ahead of the report. The stock has a low percentage of the shares held by institutions, so emotional trading candlestick patterns are problematic at times. It's important to buy and sell with the Pro Trader patterns in speculative stocks.
NASDAQ:UPST
by MarthaStokesCMT-TechniTrader
7
PayPal 79% down from ATH!! Under massive discount??I do not do manual analysis on anything. Instead, I develop methods to do the analysis. This way, we can be free from bias, and we measure things objectively. Having said that, purely statistics based analysis does not take into consideration recent news events and other economical or political impacts on the company. I developed this method to measure the discounted price probability of stocks based on its historical values of fundamentals and prices. Here is a summary of what is happening with PayPal!! Price down 79% from peak. This is also 98% discount if you consider drawdown of prices from ATH Most of the fundamentals are almost at all-time high. Exception is cashflow - that is in the negative territory Profit and operating margins are down slightly compared to its ATH Returns in comparison to capital, earning and assets are near ATH Debts have significantly increased Though the algorithm says probability of being discounted is pretty high, it takes all aspects into consideration and gives equal weightage. Will the significant increase in debt play a major role in the reduction of value, considering the increasing interest rates?
NASDAQ:PYPL
by Trendoscope
22
Europe (VGK) slides right as folks head on holidayThe Vanguard FTSE Europe ETF (VGK) was an early-year relative winner as foreign equities generally outperformed the US stock market. Then came the March pullback which brought about a risk-off environment and flight to the dollar - both factor hurting relative returns of VGK. Even with a notable retreat in the greenback and a gradual shift favoring cyclical and small caps in late May through July, VGK did not perform all that well on a relative basis to the SPX. Nevertheless, the Financials, Industrials, and Health Care-heavy fund managed to claw its way toward 52-week highs by late last month. The first two trading sessions of August - a noted time when much of the continent's populous is on vacation - have featured a downside price action on high volume. Moreover, a bullish false breakdown in the dollar only adds to technical and intermarket headwinds for VGK here. I see support in the $59 to $60 zone while $64 is obvious resistance. A bigger Q3 pullback, always wont to occur, could lead to a target toward the mid- FWB:50S (that would be a material 14% correction).
AMEX:VGKShort
by mikezaccardi
8
Does weakness in Chinese stocks spell trouble for the U.S. ones?A while ago, we drew attention to the intriguing correlation between the Chinese and U.S. stock markets. In fact, we presumed that if the Chinese economy and stock market were doing well (following the reopening after Covid-19), it would be inherently positive for the U.S. stock market and could postpone a recession to later. From around October 2022, both indices were rising in tandem. However, in March 2023, the positive correlation between the two started to weaken, and the U.S. stock market kept rising while Chinese stocks began to move increasingly sideways, finding resistance above 20,000 HKD. We find this development interesting as specific U.S. stock titles are reaching highly overbought levels, and the general theme in the media continues to be that of “soft landing” and that we have nothing to worry about. Seemingly everyone seems to forget that regional banks started to implode in 1Q23, and without the FED stepping in and providing more liquidity to the market, the situation would have been much worse. Then, on top of that, the FED keeps hiking into a slowing economy with many subtle signs of a recession already presenting themselves. We believe that if the Chinese stock market continues to roll over, then it can potentially lead to the spillover effect. Illustration 1.01 Illustration 1.01 shows the correlation between the SPX and HSI (Hang Seng Index). It can be easily observed that both indices trended down from October 2021 until October 2022. After that, both indices trended together to the upside until late March 2023, when SPX kept increasing, but HSI began finding resistance above 20,000 HKD. Illustration 1.02 Illustration 1.02 displays the daily chart of HSI and the resistance area. Technical analysis gauge Daily time frame = Neutral Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
51
Cisco Pulls Back After JumpingThe Dow Jones Industrial Average has been moving lately, and today we’ll consider index member Cisco Systems. The networking giant spent about a year trapped below the $52 area. That zone marked a top in April, June and early this month. However CSCO broke above it on July 19 and ran to a new 52-week high. It retreated on Friday to hold the earlier peak. Old resistance may have become new support. Second, the pullback brought CSCO back to its 21-day exponential moving average (EMA). The 8-day EMA remains also remains above the 21-day EMA. Those points may suggest its recent short-term uptrend remains in effect. Finally, the stock rallied after its last two earnings reports. Will that positive history provide a tailwind for the shares with the next set of numbers due on August 16? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:CSCO
by TradeStation
8
EURUSD - Breaking Down Buying Opportunities for the Week AheadHere's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead. More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture view. As always if you have any questions, comments or just want to share you views on the EURUSD please leave them below & please remember to hit that ROCKET SHIP button before you leave to show me some love. Akil
Long
by Akil_Stokes
51