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Market Moment

Airlines

Airlines Breaking Out as Vaccine Nears! JETS, UAL, ALK, AAL, DAL

Airline stocks are pricing in a Covid Vaccine and a return to normal travel sometime next year. Breakouts are pointing to moves higher! The Airline stocks were covered months ago on Market Moment. They have moved higher since then, but the momentum took sometime, meaning you would have missed out on other moves if you kept holding. The breakouts now have some fundamental backing to it.

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Cannabis

Canadian Cannabis ETF HMMJ Retesting Breakout Zone

Cannabis seems to be the theme of the week and for good reason. We have a big catalyst this week, and charts are setting up nicely! I want to bring up the Cannabis ETF HMMJ. We have broken out of a major basing period, and price has pulled back to retest the breakout zone. A very good risk to reward set up here!

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Blackberry

Why I am Buying Blackberry Stock for the First Time.

Blackberry (BB.TO) was a chart I mentioned to our Discord Trading Room members on the breakout on Nov. 20th. Big deal with Amazon announced today! Members will recall that I was bullish on the chart, but also the fundamentals with their QNX OS and autonomous vehicles. This deal with Amazon is for a vehicle software platform! This changes the fundamentals and outlook for the company drastically!

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Isracann

Isracann (IPOT.C) Breakout and Retest! 0.38 Next Price Resistance!

The Cannabis sector is hot! Our Aphria idea was a winner! We are still riding the breakout on Village Farms! HMMJ confirmed the breakout on Friday. Cronos Groups remains on breakout watch! But one chart I mentioned in a previous post was Isracann (IPOT.C). It was a breakout contender, and that breakout has been confirmed!

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Bitcoin

Whale’s Buying Bitcoin? BTC testing 2017 Candle Body Highs!

Bitcoin has made a spectacular run, and people want to know why? Is it large whale’s buying? Or is it something more macro in scale? Is this the move out of fiat that I have been predicting? I believe so. Not only Bitcoin, but Ethereum and XRP are also making double digit gains. We are hitting important resistance levels on all these charts.

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S&P

The S&P and the Dow Fake Out? A Short Swing Trade Set Up.

The S&P 500 and the Dow Jones closed into record high territory, but then saw a close back below support yesterday creating a fake out. Both stock markets continued to decline on the back of the new US Jobless Claims data print which points to signs of the economic recovery stalling. A short trade set up has presented itself to us. These are the levels I am targeting!

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Village Farms

Village Farms (VFF.TO) Meets EG Trade Idea Criteria with a Major Breakout!

Cannabis stocks have been making some nice breakout moves. I covered a few charts last week, and today, I bring you Village Farms (VFF.TO). This is a chart we mentioned to our Equity Guru Discord Trading Room members just a few days back. It met our criteria for a trade and it has performed! What are our next targets for the stock?

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Tesla

Tesla Joins the S&P, and Buffett Buys Big Pharma!

Tesla has announced it will join the S&P starting Dec. 21st which should see ETF’s buying shares of Tesla. The stock remains within a wedge, and traders await the break in either direction. The large gap is extremely bullish. In other news, Warren Buffett has dipped into stocks again, this time with a Big Pharma theme. Whenever the Oracle buys, the financial world pays attention.

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Exxon Mobil (XOM)

Exxon Mobil (XOM) Breakout Pattern Backed by Oil Gains.

Exxon Mobil (XOM) has been on our radar for a reversal. With Oil having 4% gains a day recently, do we have the momentum to carry XOM higher? Is it even worth buying Oil stocks in this day and age? What would be the macro thinking in taking a position in energy? Nonetheless, we have our reversal inverse head and shoulders pattern confirmation!

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Cannabis

Cannabis Gains Incoming with a Biden Presidency? MSOS, CRON, CANN, HBOR, IPOT, PLUS.

Cannabis will be one of the sector which will benefit from a Biden Presidency. Here are some chart set ups which have caught my attention. CRON was a great trade set up which was presented to our Equity Guru Discord Trading Room members. Some nice basing patterns in Plus Products (PLUS), Isracann Biosciences (IPOT), Harborside Inc (HBOR) and Heritage Cannabis (CANN).

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stock markets

The Dow and the S&P Hit Record All Time Highs at the Open!

US Stock Markets are on fire at the open! The S&P 500, the Dow Jones, and the Russell 2000 have opened into record all time highs. Not only is the uncertainty of the US election now put aside, but we received news that a Covid vaccine is 90% effective! We will be watching to see if we get the daily candle close in record high territory to confirm this major breakout. Currently, we are seeing some selling likely from profit taking.

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NetCents

NetCents (NC) Breaks Out as Bitcoin Touches 15,000!

Big move in Bitcoin, as it breaks above an important weekly resistance level. The chart of NetCents (NC) also display a popular reversal pattern. We do have an inverse head and shoulders pattern, but the cup and handle print looks more cleaner. The confirmation trigger was printed yesterday with a daily break and close above the resistance and highly psychological zone of 1.00.

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election

“Blue Wave” Election Fails to Materialize, Stocks Hold Impressive Overnight Gains.

Wild day already after Wall Street begins to react to the US Presidential Election. Markets popped overnight, and they are still holding onto their impressive gains. In fact, we saw some equity indices break out higher intraday! The most interesting thing for me, is the fact that risk assets are showing signs of NO fear. The 10 year and the VIX have sunk with 15% and 20% moves. What is this pointing to? More uncertainty is coming down the pipeline, but currently, the market seems not to care.

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election

US Presidential Election: 3 Scenario’s and the Stock Market Impact!

And so it begins. Today is the US Presidential Election. In a week with many high risk events, this tops the list. First, I shall discuss the 2016 election and how markets reacted. Finally, we will delve into the three possible scenario’s and outcomes of todays vote and what that means for the stock markets.

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election

The Most Important Week of 2020: US Election & More.

Very big week. The US election is on everyone’s mind, but we do have the Fed, the Bank of England and NFP on tap this week! Stock Markets are acting as expected: ranging and holding support. I do expect this to be the case until overnight trading tomorrow. The real action will occur when the US markets open for trading after the US election results.

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Draftking

Draftkings (DKNG) Trade Update, Price Hits our First Target!

Last week, I highlighted the head and shoulders reversal pattern on the chart of Draftkings (DKNG). We have now hit our first take profit zone! Is a second leg in the works? Quite possibly given the broader market action. What would be our second take profit zone? And how can one manage a trade with multiple targets?

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VIX

The VIX hinting to more Stock Market Losses and Uncertainty?

We have been patiently awaiting the range break on the VIX over on the Equity Guru Discord Trading Room. It has happened after yesterday’s volatile day. This is something we should expect heading into a high risk event: the US election. The VIX has a few ways it can play out, and two of those point to more stock market losses. We should be expecting more volatility heading into next week.

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Stock Markets

Stock Markets Pricing in a Trump Win? Risk Off before the Election!

Stock Markets have been propped higher due to pricing in a Biden and a Blue Wave victory. The Democrats mean MORE cheap money. Has this changed? It appears so. The markets are buttering and breaking through major support zones. This is the type of volatility we should expect. We are heading into a high risk event, and it seems risk off assets are the place to be. Enter Bonds.

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Vapotherm

Vapotherm (VAPO): A Covid Play with a Head and Shoulders Reversal Pattern!

Vapotherm (VAPO) seems to be an under the radar Covid-19 play. Liking the chart as it adheres to our market structure principles. The risk vs reward ratio is also too good to pass up. As with all our reversal patterns, the breakout is key and acts as our trigger. We need a daily candle close above our neckline resistance zone, which could come as early as today.

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Bitcoin

Bitcoin Pointing to a Return to $14,000 on Paypal News!

The Bitcoin chart is one which we have followed very closely in our Discord trading group. Gave us plenty of breakouts, and another is setting up! A breakout confirmation today would take us to $14,000. Bitcoin saw two major news: first was the Square purchase of Bitcoin, and today, we have heard Paypal will be allowing customers to buy and pay with cryptocurrencies!

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General Electric

General Electric (GE) Triple Bottom Breakout on Boeing 737 Max News

The chart of General Electric (GE) is one that is too good to pass. A nice bottoming pattern with a breakout with fundamentals as well. Yes, earnings are coming up which will likely be bad, but I argue these bad earnings have already been priced in. With this breakout, GE still presents a great opportunity for entry with a good risk vs reward ratio.

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Sixth Wave

Sixth Wave (SIXW.CN) Breakout Imminent!

Sixth Wave (SIXW.CN) is the type to chart that I would take over and over again. Nice set up, and we are now awaiting the confirmed breakout! A nice bottoming with a double bottom coming in at 0.25. We are now awaiting a daily candle close for our trigger. Targets to the upside provide an excellent risk vs reward scenario.

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Draftkings

Draftkings (DKNG) Head and Shoulders Reversal Printed!

The daily head and shoulders reversal pattern is clear on Draftkings (DKNG). On a green market day, DKNG continues lower. This is validating the reversal pattern and indicates how powerful the technicals can be in deciding when to enter into trades. We have a major support zone at the $42.00 area, so expect a lot of profit taking there.

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Hong Kong

Hong Kong Dollar Peg Targeted in US-China Currency War?

I must admit, I was spooked when I saw the USDHKD break below peg support before the weekend. I knew this pointed to a currency war behind the scenes and could explain why the US Dollar has been weakening. Was it to battle against the Chinese and attack the Hong Kong Dollar peg…it seems so.

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Harborside Cannabis

Cannabis Charts on Fire! Harborside Cannabis (HBOR) and Aphria (APHA)

The Cannabis sector is heating up, whether it is from pricing in a Joe Biden victory, with VP Kamala Harris promising the administration will decriminalize Marijuana, or if it is from the retail traders chasing cheap and undervalued sectors compared to everything else in this market. You take your pick. What cannot be argued is that the Cannabis charts are once again displaying some nice patterns which do have a trigger catalyst!

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Nasdaq

Nasdaq Trade Hits Our Take Profit Zone! New highs Incoming?

A few weeks ago, we initiated a Nasdaq long trade on the break and retest of a double bottom pattern. Our take profit level was hit, but there was a lot of volatility along the way thanks to President Trump and his Twitter. But alas, our stop loss reasoning and logic proved to be true, as it adheres to market structure. We remained in an uptrend as long as price stayed above that zone. What is next? New highs seem likely, and Apple’s Iphone 12 event can be one trigger on the path to new records.

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spy

Stock Markets Breaking Out on Hopes of More Cheap Money!

It seems the stimulus deal is back on, as both sides work to etch out a deal before the Presidential Elections. This promise of cheap money is really what is propping markets. Regardless of who wins the election, this will not change. In fact, we can say the market is pricing in a Biden victory which means even MORE cheap money due to the social programs etc. Chart wise, all large US equity indices have made a broad head and shoulders pattern. The S&P is running, the Dow is retesting, while the Nasdaq awaits to breakout!

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Stocks Drop on Trump Scrapping Stimulus Talks…Art of the Deal or Art of the Fold?

Art of the Deal or Art of the Flop? It is confirmed it was the latter. President Trump tanked the markets on a tweet calling for stimulus talks to halt until after the elections. Less than 24 hours later, he has changed his mind. He probably saw the reaction in the markets. On the technical side, all markets dropped but held their support zones. Breakouts are still on hand.

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pmed.png

PredictMedix (PMED.C) Closes Above Resistance on a 10% Gain!

It was a hot day for the Covid plays after it was announced President Trump would be discharged and would return back to the White House. The charts of Gilead and Regeneron looked great, but PredictMedix (PMED.C) created an important technical break with a 10% move. We have now broken back above resistance, meaning the downtrend is now nullified. Resistance has now become support, and the company’s fundamentals points to further momentum!

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Gilead

Gilead: Our President Trump Recovery/ Early Discharge Play!

Crazy few days and headlines as President Trump and the First Lady tested positive for covid on Thursday night. We are hearing that the President has recovered, and is set to be discharged as early as today. It came out that he took Gilead’s Remdesivir. The chart of Gilead meets many of my criteria. A good set up!

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Gold

Gold Bulls Be Cautious as Price Retests 1900 Resistance!

One of my contrarian calls has been a Gold pullback to 1800 and a Silver pullback to 20.50. Do expect we are in the process of making our first lower high on the metals with a move down to those targets. Daily close today can be the trigger for a short entry…but watch the Dollar!

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Nasdaq

Nasdaq Buy Initiated after US Presidential Debate Volatility

What a freak show yesterday. As promised, markets did react to the Presidential debate. Post debate markets sold off quite violently, and I believe it was because Biden’s economic, or rather, lack of economic policy. The markets are already expecting a Biden victory as he leads the poll. This means more cheap money!

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GDXJ MUST Remain Above this Zone to Maintain Bullish Trend!

It has been awhile since I spoke about the GDX and the GDXJ, but the latter is at a very important zone. GDXJ is back retesting the breakout zone and I cannot stress how important it is for price to remain above here to maintain our bullish stance. All eyes on Friday’s close.

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Dollar

Emerging Markets (EEM) Trade on the US Dollar Breakout

The US Dollar (DXY) has broken above our zone and has now triggered the pattern and the bullish trade. This Dollar strength is coinciding with US equities retesting their break down zones. Our currency pairs are moving, and we are seeing Gold and Silver react. Emerging Markets EEM presents an interesting play here!

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Powell

Stocks at Key Support after Fed Speech. Powell not Dovish Enough?

Stocks are now at key support after a large sell off overnight during market futures. We have opened today at a major key support. Stocks can either bounce from here on the 4 hour, or we continue lower with a reversal pattern trigger. Some key changes in the Fed’s statements tell us that more cheap money is coming.

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Oil

Oil Moves on Iranian Threats, Breakout Triggered!

Oil is a chart we have not spoken about lately here on Equity Guru’s Morning Market Moment. However, a 4 hour chart trade idea has presented itself to us. The breakout occurred yesterday, and we do expect to see a pullback before moving higher and hitting our final targets.

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Stocks

Stocks Form Reversal Pattern on the Back of Central Bank Promises

On Tuesday, I spoke about stocks being in a crash or a pullback. I opted for the pullback because of the macro environment we are in. Central banks promising more cheap money for a very long time, and quite frankly, propping equity markets by creating an environment where stocks are the only place to go for yield.

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East Asia Minerals

East Asia Minerals (EAS.V) Bounces off Support on AMDAL Approval

East Asia Minerals (EAS.V) has been a chart that we have been following closely on the Equity Guru Discord Trading Room. And for good reason. The chart is one that caught our attention, and the fundamental story is exciting. The chart has been covered before, and we have pulled back to retest the previous breakout.

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Stock Market Crash

Stock Market Crash or Pullback?

We have had a couple of red market days to end off last week, and markets resume this week with a sell off. A lot of perma bears coming out saying this is the crash. To me, this was the pullback I have been hoping for. Markets moved too fast in a short period of time. The fundamentals have not changed!

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Jumia

Jumia Technologies (JMIA) Pulls Back to Retest Major Support

Jumia Technologies was a chart that we were scoping out over on our Discord trading group when the basing/consolidation was happening. We eyed the breakout on July 20th, and this stock never looked back on the retest. Price has so far pulled back, and is looking to retest this major support.

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US Dollar

The US Dollar (DXY): A Case for a Bull Run.

The US Dollar has been getting smashed the past few weeks. We can clearly see the downtrend with multiple lower highs and lower lows. However, price never moves down or up in a straight line. There is a chance that the DXY might be having an upwards move…and it has to do with foreign money.

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Silver

Silver…what’s next?

Silver had its largest drop yesterday since the Lehman Brothers event in 2008. This was a good way to highlight the volatility Silver has. We traded it lower with the double top pattern which our Discord trading room members were notified on. Great gains. What’s next for Silver?

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Silver

Silver hits our FIRST target! Next Target Revealed!

A few weeks ago I highlighted the Silver Monthly chart and how it adheres to my market structure strategy. The trigger was the Monthly candle close. Well it took us just 6 days in the new monthly candle to hit our target! What is our next price target for Silver?

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Stock Market Crash

Stock Market Crash in August? The 4 Charts you MUST watch!

There are 4 charts that we use to track money flows and equity market movements, and they are all at key zones right now. When these charts are at breakout or breakdown levels it could indicate something is coming down the pipeline. Are we setting up for a Stock Market crash?

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Let’s talk Forex, and GBPCAD Trade Idea already up 60 Pips!

Forex is a $6 Trillion dollar per day market. It is known for its speed and volatility which has attracted the likes of day traders and swing traders, all hoping to get a slice of that $6 Trillion pie. It is a market that I myself primarily focus on. A little introduction on Forex, and our GBPCAD trade idea!

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Tesla

Tesla (TSLA) Stock to get Clapped on Earnings?

Tesla is a stock that has divided the investing and trading community for years. However, we cannot deny the incredible move in the stock recently. Question is has this been due to fund managers buying growth? Or the Robinhood retail traders? If it is the latter, we could see some serious clappage on bad earnings.

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East Asia Minerals

East Asia Minerals (EAS.V) Breakout Confirmed on AMDAL Update!

A chart that caught my attention as it presented market structure in its purest and cleanest form. A similar pattern that I used to call the Gold bull market beginning last year, as well as the moves in GDX and GDXJ…which are still in their uptrends. East Asia Minerals has the same set up with fundamental backing!

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Virgin Galactic

Virgin Galactic (SPCE) Aims for the Moon on the Breakout!

Virgin Galactic (SPCE) is a stock we have kept tabs on over at the Equity Guru Discord Channel. Particularly in the trading room. We ranged below the 20.90 zone since March of this year. The breakout only happened yesterday with a confirmation daily close above this zone. The market liked the new CEO appointment. 

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Netflix

Netflix (NFLX) Q2 Earnings: Already Priced In?

Netflix has been a winner this year with a 60% move this year to date. With more people staying at home, and public entertainment places being shut down, there is more time to binge watch Netflix series. Knowing this, has good earnings already been priced into the stock?

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Gold

Gold Breakout and Nexus Gold (NXS.V) Chart Update

Gold has broken above a key resistance zone that we have been watching. GDX continues to maintain the levels required for an uptrend. Things are playing out in Gold as I said would back at VRIC. Although I was expecting a more major pullback. Nexus Gold confirmed its head and shoulders pattern with good momentum!

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Buffett

Warren Buffett Unlocks $137 Billion War Chest

Market participants with cash on the sidelines have been awaiting for a sign from the oracle of Omaha. When Warren Buffett buys, people follow along. We saw this impact in 2008 which saw a recovery and rally in Stock Markets. Is this acquisition a sign for traders?

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Hong Kong

Hong Kong National Security Law Passes, Mnuchin and Powell Testimony have Markets on Edge

The citizens of Hong Kong have been protesting on the streets against mainland intrusion since what now seems a long time ago: during the pre-covid world. However, the CCP have passed in the controversial National Security Law which will likely be condemned by many nations. We also have Mnuchin and Powell testifying today which will surely weigh in on the markets.

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Stock Markets

3 Risks Weighing in on Stock Markets

It is a shortened week but the equity charts are shaping up nicely. Last week I discussed the battle between the fear and greed market resources. Near the end of the week it seemed like fear was gaining the edge. There are 3 other risks that I am looking for which will add pressure on the stock markets.

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IMF

IMF Revises Economic Outlook and Warns of Stock Market Disconnect

The battle between fear and greed continues on the markets, and it seems we have just stirred some more fear into the pot. The IMF has downgraded their economic outlook, with now only China having growth for this year. On China, the trade deal status remains in flux after yesterdays comments by Peter Navarro.

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Navarro

China Trade Deal “Fully Intact”, Nasdaq and Gold Breakouts!

The events which occurred yesterday displayed how twisted this all is…and how far they will go to ensure markets remain propped. They will not be allowed to fall. Trade and Economic advisor, Peter Navarro, came out yesterday evening saying the US China trade deal is “over”. It caused mayhem in the financial markets.

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Forex

The One Forex Pair that Predicts Stock Market Moves!

We all know about the Ten Year Yield, the US Dollar, the Japanese Yen, and Gold to be a way to gauge market sentiment and track money flows in a risk off and risk on environment. However, EURAUD has the highest negative correlation with Equity Markets and is used often by us over on our Discord trading group.

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Jobless Claims

A Second Wave of Layoffs? Bank of England Expands QE Program.

Jobless claims came in higher than expected, and continuing claims show only a slight signs of a recovery which now questions the non-farm payrolls data we got on June 5th. Some are calling this the second wave of layoffs. The Bank of England becomes the recent central bank to expand their QE program.

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India

India vs China: Battle for the World’s Most Precious Commodity

Reports came out of a skirmish between Indian and Chinese troops at their contested border. Casualties vary and now Prime Minister Modi said soldiers died due to hand to hand combat rather than shots being fired. Nonetheless, this area is contested for one thing: Asia’s largest fresh water source.

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Stock Markets

Stock Markets: Bear Market or Pullback?

Volatility returned to the stock markets last week as we saw a large red move not seen since the crazy days of March of this year. Markets are still adhering to our market structure patterns, and are testing major support zones on the daily chart. Is this a resumption of the bear market? Or merely a pullback?

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