Friday 7 January 2021
$SPY S&P 500 opening below the peak liquidity level, but still in the range where the majority of volume has occurred in the last few months, so still in the support range currently.
$CENX from the watchlist and in the strongest group currently (Aluminium) with a 43 week cup with handle breakout attempt.
$STM from the watchlist gapping up towards the top of the two month range
$CTRA from the watchlist still holding above the 50 day MA. Watching for a continuation breakout attempt.
$CFLT meeting resistance at the 21 day MA. So potentially could rollover again.
$AMBA below the -2x ATR level and recent range after the downside Significant Bar through the 50 day MA. 200 day MA test on the cards?
$AA from the watchlist and also in the strong Aluminium group continuing to consolidate near the highs
Comparison chart shows general weakening again. IBD 50 etf can't regain the level and rolling over here.
S&P 500 - I'm noticing failure to regain the peak liquidity level.
$SEAS from the watchlist with strong RS today
LCID in the second strongest group (Automobiles) with a spring on the intraday 2 hour chart in Stage 1 on that timeframe. Daily chart attempting to recover the 21 day EMA level and weekly chart with an outside week reversal attempt in early Stage 2 still.
$SPY S&P 500 back up into the peak liquidity level after bouncing at the 50% fib level and 50 day MA.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.