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Russell2000

SImple The Stochastic Pop was developed by Jake Bernstein and modified by David Steckler, who wrote a corresponding article for Stocks & Commodities Magazine in August 2000. Bernstein's original Stochastic Pop is a trading strategy that identifies price pops when the Stochastic Oscillator surges above 80. Steckler modified this strategy by adding conditional filters using the Average Directional Index (ADX) and the weekly Stochastic Oscillator. This article draws on both methodologies to present another modified version of the Stochastic Pop suited for SharpCharts. Once the trading bias is established, Steckler used the Average Directional Index (ADX) to define a slowdown in the trend. ADX measures the strength of the trend and a move below 20 signals a weak trend. Steckler preferred ADX below 15, but would use 20 as well. A high and rising ADX signals a strengthening trend, while a low and falling ADX indicates that the trend is weakening. On the chart below, 14-period ADX on the daily chart shows a weak trend when it moves below 20. Notice how Gap (GPS) moved into a trading range as ADX dipped below 20 twice (yellow areas). the obv volume is very important for to determinated the market trend...
NASDAQ:QQQ
by PpSignal01
EYPT | Range bound Long-Term pattern suggests that after previous dilution, Eyepoint's stock price went range bound for quite awhile before breaking out. This marks potential accumulation range for anyone looking to build a position in EYPT. Ranges make for good swing trade positions (especially 20%+ both ways) and a way to average down. Range low/ highs, range from $1.42 - $1.87 is approximately $0.45 of profit both ways up (~20%+) until EYPT confirms they are adhering to terms of loan with CRG. Weekly MACD and Stochastics have divergence with stock price. This could infer spring board type action on good news (break below range could cause problems). Previous quarter showed that $EYPT was on track w/ meeting terms of CRG loan agreement. positive earning/ ER beat should help satisfy some hedge funds/ big $ investors. I remain cautiously optimistic. $EYPT could potentially come and test lows of the range within next week. I am looking to use this as a way to add to current position/ swing trade it to highs and lower cost basis on my long-position. **On the other hand, falling below this range could cause knee jerk reaction/ selloff. I am going to be watching this carefully. Tip # 7: When trading, It is very important to have a game plan. It is good practice to establish rules to your system (i.e. do you buy in increments?, at what point do you not like the investment anymore? how long are you willing to hold?). - Please Like and Follow for trade ideas & so I can continue to chart and build my reputation. Thank you in advance =) Have a Twitter? check out my page for more: @volatilitywatch Disclosure: I am long EYPT. This is not a note to buy or sell. Please do your homework before investing. //----------------------------------------------------------------------------------- Check out current trade in TGTX =) #BULLISH
NASDAQ:EYPTLong
by follow_the_money
Monitor with cautionConsolidation has been established with a range of 1548.12 - 1586.77 For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals. Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top. Coupled with the pivot high - I would decrease that down to 30%. This is a mixed bag of directional signals, suggesting the market hasn't decided yet.
TVC:RUT
by priceprophet
1
A cautionary tale (commentary)There is an old traders tale that says something to the nature of, if a price tries three times to break a support or resistance level, yet fails, it will retreat the opposite direction. January 2018, the DJI tried to break above 27,000. It got to 26,616 before it retreated. Not enough strength. October 2018, it tried again and got to 26,951 before it retreated. It pulled back to 21712 to get a running start in an attempt to break it. April 2019, it tried for the third time and reached 26,695 before pulling back to 24,248. Did it finally punch 27,000 hard enough that it just needs a love tap? Or is this last attempt going to be a half-hearted thud before a drop 20,000 or 18,000? It is difficult to tell. All the strength indicators reflect that it can get through this level. DJI is trying to reach 27,058 SP500 is trying to reach 2999 NASDAQ is trying to reach 8178 Russell 2000 is trying to reach 1552 But they are also weak signals. Signals generated while being caught in consolidation so near to the top. Consolidation so near the summit, it is like being trapped in a room that has filled with water, you have nearly broken through the ceiling but you are running out of breath as you take your last breath from the last few inches left of an air pocket before....... we break through or we drown. Once we reach this level again, will we become impacted by a tweet? A trade war? An oil embargo? Such as we were in May? The wind was in the sails that day. The markets all closed the Friday before strong. Yet Sunday evening prior to the Far East opening the markets for us to start a new week. A little tweety bird went out and took all of the markets enthusiasm away. Yet here we are again. The 26,000 range. Extreme caution needs to be exercised here - Trade with caution. Double check everything. Monitor your stops, monitor the VIX. This can be a record year - either as an amazing new start to the bull market. Or the year we stripped 23% - 32% of the market away.
DJ:DJI
by priceprophet