frankz

Based on the indicator T2106, the McClellan Oscillator, the market is more oversold than it has been in a while.  Readings of -200 are considered oversold, and they rarely happen. Yesterday we clocked a reading of -273. The chart below shows the recent dates where we had -200+ readings on the McClellan Oscillator. Here is the SPY chart when annotated with the dates above. https://www.screencast.com/t/KspMULrWI85 We have all heard the saying; oversold can become more oversold. That is true, but we are in a game of probabilities. And the probabilities favor a short-term bounce before new lows are made.  We [...]

The shorter your timeframe, the more entries matter. In the short-term, you chase you lose. You want to get involved on the first day of a potential multi-day move. If you are buying something that is already up 4-5 days in a row, you are simply too late in the short term. $SD is a perfect example. When the stock finally got to the level that most people would consider it for a cookie-cutter "breakout" play, it was up 6 out of the last seven days. $SD was already up +30% in the last week when it got the "breakout" [...]

The Russian/Ukraine ordeal is dominating the action right now. The market is also in the process of pricing in some interest rate hikes and QE tapering. We've had wars before. The Fed has raised rates in the past. There is really nothing new under the sun. The S&P 500 is down -11.34% YTD. The Nasdaq is down -16.67% YTD. The small caps are down -13.27% YTD. ARK innovation fund (ARKK) is down -35.64% YTD and -56% from its 52 week high. Some of these stocks ARKK stocks will never come back. Like always, individual stocks have fair a lot worse [...]

There is nothing more important to me than reducing risk after I put on a trade. In the video below you'll see the significance of it. You can find Stocks Before They Breakout Here https://bit.ly/2Cuh784 and here https://bit.ly/2JZ3JNR. You can view over 400 of my trades here https://www.tradervue.com/shared/users/8059.

When your scans are based on the way stocks actually move, then you can use the same EXACT scans on different timeframes; intraday, daily, weekly. You might be asking yourself, how do stocks move? Go through hundreds of charts and start to pinpoint where moves are starting from? Take a look at these examples; You have to get out of your head the thought that moves only start when they break a resistance level; that's nonsense. So after you go through hundreds of charts and pinpoint starting points of moves, you can begin to write your own scans. One of [...]

Finally, the major indices are showing some sign of weakness, and people want to know what is going on? There is more to the market than the S&P 500 and the Nasdaq. Both indices masked the carnage in most individual stocks that started in February 2021. Individual stocks and new YOLO traders have gone from euphoria to desperation in one year.   Five stocks drive 50% of the Nasdaq 100; those same stocks amount to 26% of the S&P 500. Those stocks held up the "indices" while everything was cratering. The Dow Jones is an outdated index of 30 stocks, [...]

FAATMAN; Facebook, Apple, Amazon, Tesla, Microsoft, Alphabet, Nvidia, as one unit for the first time in a while, is looking vulnerable. While the S&P 500 and the Nasdaq 100 made new highs or came close to making new highs, $FAATMAN came nowhere close to its previous high. These stocks masked a lot of weakness underneath the surface. The major indices were able to print new highs while most stocks were in individual bear markets. According to Goldman Sachs the five most popular tech names- $AAPL, $MSFT, $TSLA, $GOOGL-contributed 51% of the S&P 500 returns since April. Those seven anointed stocks [...]

By now, we all know that 2021 for most people who trade individual stocks was a challenging year. The market of stocks peaked in February. February was when we saw all types of top signals. Speculation was rampant; weekly options,  basketball cards, NFT's, crypto, SPACS, YouTube videos with titles; 10 stocks that will double next week, TikTok videos telling people that all they have to do is make 8% a day to double their money in a month, etc. They all came crashing down. The major indices, S&P 500, NASDAQ, NASDAQ 100, moved higher all year long with some of [...]

Microsoft, Apple, Amazon, Tesla, Alphabet (Google), Facebook, and Nvidia now account for 26.4% of the S&P500 and a whopping 50.7% of the $QQQ. To put that in perspective, at the height of the internet bubble, the four horsemen of that time were; CISCO, INTEL, MICROSOFT, and ORACLE. At their peak, they accounted for 15.40% of the S&P 500. Now that you know this, it is easy to see how the market of stocks peaked in February, yet the indices continued their march higher without a hiccup. The FAATMAN's masked what was going on with most stocks underneath the surface for [...]