August 31, 2020 - AAPL & TSLA splits

 

Apple & Tesla, along with Gold & Bitcoin, are worth more on paper than their companies - Traditional measure doesn't seem to apply.

Both split this morning and we established a speculative position.

In the 5 Year view (top row), both are "ripping" - AAPL has pocket of structural support volumes (blue) while TSLA does not.   This means TSLA can fall harder than AAPL.

In the 1 Year view (middle row), structural support volumes (blue) appear for both.   Will be good to see these areas beef themselves up. 

AAPL - Pay's dividends (reinvesting) and Tesla does not.

2019-08-05 Bottom Hunting

China is going to devalue their Yuan - Getting sporty....

Prices gapped loser so look for returns to those levels.   Until then - Seeking bottoms:

NQ at HVA bottom
ES near HVA bottom, near SMA 200
YM at SMA 200


Watching for a reversion long.

2019/08/03 Gander

The Feds last Thursday cut the interest rates.   I would have expected a take off yet the 3 markets (Nasdaq. S&P 500 & Dow) all fell in tight formation.

Towards the end of July when the markets broke into all time highs, I believed that a pull back would be necessary (market structure), didn't know when and to what levels. Looking at the daily structure:

1) The three indices have pulled back to their 50 & 100 day moving averages (green & white respectively).   Defined support.

2) These averages happen to coincide with the boundary of high volume in all three markets. (defined support)

3) Price is at previous All Time Highs (defined support)

4) These averages moved in tight unison (strong money)

5) This sharp decline would cause fear for many.

These five reasons support taking long position.

To be continued...

2019-07-31 Sector Review to USD

This analyses compares SPDR sector fund values to the US dollar.



A twenty year view of the SPDR sectors plus Gold, Oil & the Dollar:
- Peaks observed approximately at 7.5 year intervals (Next peak at 2022)
- Healthcare benefitted from Obama Era
- Shale oil arrives (affordable energy)
- Technology experienced dot com bust

A ten year view of the SPDR sectors plus Gold, Oil & The Dollar:
- Consumer Discretionary leads
- Technology recovery from Dot Com bust
- Medical benefitted from Obama era
- Gold break even

A five year view of the SPDR sectors plus Gold, Oil & The Dollar:
- Technology overtakes Consumer Discretionary
- Return of Financials
- Consumer Staples follows commodities return to POC
- Energy follows Crude
- Gold returns (geopolitical)

Trades: 1/3/2019

Some premarket action...

2019 - Structural Volume Profile for Pull-Back Rationale

Recent pull-backs in the equity markets (Nasdaq, S&P and Dow) appear justified based on inspection of Market Profile structures.   

Other observations and hypotheses are left to the reviewer.

General Electric - Technical Bottom

A technical bottom appears to be in the making for General Electric.

The reference low spot is in alignment with the low observed on the 20 year charts.

This observations does not consider the fundamentals of the company.

Large institutions is reportedly in accumulation mode.

To be continued...