BullBear Trading: Stock and Financial Market Technical Analysis2024-03-28T17:06:43ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasierhttps://storage.ning.com/topology/rest/1.0/file/get/54244748?profile=original&width=48&height=48&crop=1%3A1https://www.thebullbear.com/forum/topic/listForContributor?user=2t0a1w2cwkdlw&feed=yes&xn_auth=noElliott Wave Theorist’s Steve Hochberg recently wrote this:tag:www.thebullbear.com,2021-10-14:3301355:Topic:1703122021-10-14T20:46:58.000ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>Elliott Wave Theorist’s Steve Hochberg recently wrote this:</p>
<p><span>“As the bear market progresses, U.S. junk bond yields will eventually resemble China’s junk bond yields as world credit evaporates. The contagion will then spread to higher-grade credits. It’s how bear markets operate.”</span></p>
<p></p>
<p><span>My take: He could be correct, because he sure doesn’t know how a bull market operates.</span></p>
<p>Elliott Wave Theorist’s Steve Hochberg recently wrote this:</p>
<p><span>“As the bear market progresses, U.S. junk bond yields will eventually resemble China’s junk bond yields as world credit evaporates. The contagion will then spread to higher-grade credits. It’s how bear markets operate.”</span></p>
<p></p>
<p><span>My take: He could be correct, because he sure doesn’t know how a bull market operates.</span></p> What have the Germans done recently to deservetag:www.thebullbear.com,2021-08-28:3301355:Topic:1699232021-08-28T21:53:20.629ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>Anyone who remotely follows the Prechter Hochberg wealth destruction series is aware that they are religious in their market view. They ‘know’ the true path of the stock market (all markets just as accurately) and woe to non-believers.</p>
<p></p>
<p>But:</p>
<p>What have the Germans done recently to deserve the horror of a German edition of the ‘Elliott Wave bible’?</p>
<p></p>
<p><br></br><span>The online edition of</span> <em>Elliott Wave Principle: Key to Market Behavior,</em> <span>the most…</span></p>
<p>Anyone who remotely follows the Prechter Hochberg wealth destruction series is aware that they are religious in their market view. They ‘know’ the true path of the stock market (all markets just as accurately) and woe to non-believers.</p>
<p></p>
<p>But:</p>
<p>What have the Germans done recently to deserve the horror of a German edition of the ‘Elliott Wave bible’?</p>
<p></p>
<p><br/><span>The online edition of</span> <em>Elliott Wave Principle: Key to Market Behavior,</em> <span>the most useful and comprehensive guide to understanding and applying Elliott waves.</span><br/><strong>Available in English and German (Deutsch)</strong><span><br/>Prechter & Frost | <strong>Online Book</strong> | 248 pages</span></p>
<p></p>
<p></p> Question: if you ran 'Elliott Wave Theorist', what would you do?tag:www.thebullbear.com,2021-07-17:3301355:Topic:1691492021-07-17T00:04:09.004ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>There is information below from Sentiment Trader, describing what almost everyone knows: The 2020-2021, 16 month bull market, is one of the largest and sharpest in recent history. In case you do not know, the analysts at Elliott Wave Int'l have been bearish from the March 2020 lows and 'fought' the bull market for its entire advance. They constantly warned a top was at hand, or the market would top very soon. They we're hostile to the market and to its investors, with a tone of the morality…</p>
<p>There is information below from Sentiment Trader, describing what almost everyone knows: The 2020-2021, 16 month bull market, is one of the largest and sharpest in recent history. In case you do not know, the analysts at Elliott Wave Int'l have been bearish from the March 2020 lows and 'fought' the bull market for its entire advance. They constantly warned a top was at hand, or the market would top very soon. They we're hostile to the market and to its investors, with a tone of the morality of a fire and brimstone preacher.</p>
<p></p>
<p>Question: If you we're them would you say anything about not only missing the historic bull market, but openly deriding those who we're investors, with a moral tone that they would 'pay'. What could they say and how?</p>
<p></p>
<p>==================</p>
<p>From Sentiment Trader:</p>
<p>==================</p>
<div><h2>One of the "Sharpest" Rallies in 60 Years Is Rolling Over</h2>
</div>
<div><p>For investors, nirvana is a market showing steady and impressive gains without much risk. That pretty much sums up the past year.</p>
<p>Using a version of the Sharpe Ratio, the S&P 500 has seen the best risk-adjusted returns since late 2017 and ranking among the best ever.</p>
</div> Pathetic and charlatanstag:www.thebullbear.com,2021-03-27:3301355:Topic:1686722021-03-27T15:53:04.115ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>Anyone reading EWT and Prechter and Hochberg?</p>
<p>Prechter hides behind one good commodity (but impossible to use ) call 13 years ago or so in 2008, and now makes another shoot for the moon commodity call many years out. So you’ll never know if he was correct, but you will need to trade many times before then. So he doesn’t matter.</p>
<p>Useless.</p>
<p>Hochberg, who has fought (stupidly) an extremely powerful bull market in stocks for 13 months, wait, for 13 years, wait...even longer…</p>
<p>Anyone reading EWT and Prechter and Hochberg?</p>
<p>Prechter hides behind one good commodity (but impossible to use ) call 13 years ago or so in 2008, and now makes another shoot for the moon commodity call many years out. So you’ll never know if he was correct, but you will need to trade many times before then. So he doesn’t matter.</p>
<p>Useless.</p>
<p>Hochberg, who has fought (stupidly) an extremely powerful bull market in stocks for 13 months, wait, for 13 years, wait...even longer than that, now points out (to distract us from the thousand ‘top’ calls for the SP?) that Tesla and Viacom had recent dramatic declines.</p>
<p>Yes, Tesla after climbing ~500% fell by 40%. Sure Hochberg, sure, you are quite brilliant at your job.</p>
<p>Like Nostradamus.</p>
<p></p>
<p>Don’t expect to see from either of them the difficult part of any market analysis: where and when and what to buy / sell, and the stop and exit points. They provide none of that. They are delusional or possibly charlatans.</p>
<p>Is the lesson that Elliott wave principle as a market approach is gobbledygook or is the lesson that Prechter and Hochberg just are terrible at it?</p> Beginners guide to master price action tradingtag:www.thebullbear.com,2019-12-18:3301355:Topic:1276192019-12-18T10:37:31.297ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>The novice traders have a lot to learn from the expert traders. The expert traders know the INS and OUT of the Forex market. However, knowing the details is not enough. You have to create a strategy to find potential trading signals. Indicators and EAs are mostly used in the development process of strategy. However, these are considered as helping tools. If you truly want to get into the manual trading strategy, you have to focus on the core price movement. Learning about price action…</p>
<p>The novice traders have a lot to learn from the expert traders. The expert traders know the INS and OUT of the Forex market. However, knowing the details is not enough. You have to create a strategy to find potential trading signals. Indicators and EAs are mostly used in the development process of strategy. However, these are considered as helping tools. If you truly want to get into the manual trading strategy, you have to focus on the core price movement. Learning about price action strategy will give you the insight to trade the Forex market like big players.</p>
<p> </p>
<p>This article is going to act like the beginner's guide to master price action trading strategy. Spend 5 minutes on this concept and you will never regret it as a trader.</p>
<p> </p>
<p><strong>Definition of price action trading</strong></p>
<p>Price action trading is the process of placing a new order in the Forex market by <a href="https://www.babypips.com/learn/forex/basic-candlestick-patterns">analyzing the Japanese candlesticks</a>. The candlestick has a lot to tell to the traders. Those who have the knowledge to decipher candlestick patterns are known as price action traders. For instance, with the help of the bullish pin bar, you can trade the bullish support of the trend line. A single candlestick can provide you vital information to place the stop at the perfect place.</p>
<p> </p>
<p><strong>Learning the major patterns</strong></p>
<p>Hundreds of candlestick patterns are used by the different levels of price action traders. However, memorizing all these patterns and implementing them in real life is not so easy. Instead of thinking about the bigger scenario, you have to focus on the major patterns. For instance, having fair knowledge of the engulfing and pin bar pattern can significantly improve your trading edge. With these candlesticks, executing the orders in the <a href="https://www.home.saxo/en-hk/products/forex">Forex trading account</a> will be very easy.</p>
<p> </p>
<p><strong>Support and resistance</strong></p>
<p>Educate yourself properly so that you can find the key support and resistance level in the major pairs. If you use the candlestick patterns to trade the minor levels, you will often lose the trade. On the contrary drawing, the levels using the daily swings and major pivot points increases your profitability factors. You can get the idea of support and resistance level trading system by reading some articles but you must practice trading with the Saxo demo account to master the true method of finding such a sweet spot. Forget about the aggressive methods in trading and try to learn more about the use of premium tools. Use them as your arsenal and look for the most profitable setups.</p>
<p> </p>
<p><strong>Compiling your strategy</strong></p>
<p>The beginners need to compile the concept of candlestick pattern with support and resistance level. This is a very tough task as you will spot many reliable signals at the <a href="https://www.thebalance.com/how-to-trade-based-on-support-and-resistance-levels-4043477">minor trading zones</a>. The market might start moving along the trend just by finding some decent push from the minor trading spot. So, it’s very obvious, trading the minor support or resistance level is profitable. However, you have to focus on the improvement of your accuracy. Dealing with the minor levels reduces your trade accuracy and makes you a loser.</p>
<p> </p>
<p><strong>Changing your trading style</strong></p>
<p>You have to change your trading style based on the initial performance in the demo account. Losing most of the trades based on some particular candlestick pattern indicators, the strategy is not working. So change the candlestick patterns and see how it works. Once you find the perfect method, it’s time to find your desired trading session. This is also very important in the assets selection process. Assume you have gone long in USDHK pair based on the bullish pin bar. But you are during the London session. So expecting a decent movement will be a big mistake. Find the active trading hours to find the volatile market condition. Use these simple methods and placing the quality trades using the candlesticks will be easier.</p> On Days Like This Watch For Stocks That Are Showing Relative Strength $SBUXtag:www.thebullbear.com,2019-01-22:3301355:Topic:1238292019-01-22T17:50:47.444ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p>Today, all of the major stock indexes are declining sharply lower falling by more than 1.0 percent on the session. This decline comes after a huge rally that started on December 26, 2018 and lead to a near term overbought condition. Whenever you see a big broad based decline such as today it is important to look for stocks that are holding up in this sell off. A few stocks that are trading higher today include Starbucks Corp (NASDAQ:SBUX), McDonalds Corp (NYSE:MCD) and Chipotle Mexican Grill…</p>
<p>Today, all of the major stock indexes are declining sharply lower falling by more than 1.0 percent on the session. This decline comes after a huge rally that started on December 26, 2018 and lead to a near term overbought condition. Whenever you see a big broad based decline such as today it is important to look for stocks that are holding up in this sell off. A few stocks that are trading higher today include Starbucks Corp (NASDAQ:SBUX), McDonalds Corp (NYSE:MCD) and Chipotle Mexican Grill Inc (NYSE:CMG). The one thing these stocks have in common is that they are all restaurant stocks. Now if these market indexes decline further over the next few days or weeks it will be important to see how these key stocks hold up over that time period. In fact, the restaurant sector should be watched closely. These stocks could emerge as the leaders in the next rally. On days like this it is always important to watch for stocks that are showing relative strength.</p>
<p></p>
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<p><img src="https://images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url=http%3A%2F%2Fwww.inthemoneystocks.com%2Fimages%2Fsbux%25201.22.19.png&container=blogger&gadget=a&rewriteMime=image%2F*"/></p>
<div><p></p>
</div>
<div><p>Nick Santiago</p>
</div>
<div><p>InTheMoneyStocks</p>
</div> Options Expiration Week Is A Time For Institutional Game Playingtag:www.thebullbear.com,2019-01-14:3301355:Topic:1236182019-01-14T18:24:55.586ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p><span>This coming Friday is options expiration for the month of January. Usually, the trading week leading into options expiration is filled with a lot of game playing by the institutional crowd. This is generally a time when there will be a lot of rumors, ridiculous upgrades / downgrades and often some other far fetched news event. The bottom line, expect the unexpected during options expiration week.</span><br></br><br></br><span>Since December 26, 2018, the major stock indexes have surged sharply…</span></p>
<p><span>This coming Friday is options expiration for the month of January. Usually, the trading week leading into options expiration is filled with a lot of game playing by the institutional crowd. This is generally a time when there will be a lot of rumors, ridiculous upgrades / downgrades and often some other far fetched news event. The bottom line, expect the unexpected during options expiration week.</span><br/><br/><span>Since December 26, 2018, the major stock indexes have surged sharply higher. Now with so many stocks trading off of their lows we could see a pullback this week. But then again, I have to think that after the Christmas Eve sell-off there are probably a lot of retail investors still holding put options into this expiration on a lot of the leading indexes and popular stocks. If this is the case, then the major stock indexes will probably hold up this week. </span><br/><br/><span>This week is also the start of earnings season. As you know by now, the street is looking for the earnings picture to be weak. At least that is what the market usually looks for when we have such a sharp correction like we have seen. In other words, market expectations have been lowered. So any surprise in earnings could certainly help the markets this week. Either way, traders will have to look at every stock on an individual basis. Many market leading stocks are trading into resistance, while many others are still lagging and should have a way to go before reaching a major resistance point. Just remember, this is a week to be on your toes as options expiration is usually filled with game playing and lots of whipsaw.</span><br/><br/><br/><img src="http://www.inthemoneystocks.com/images/russell%202k%201.14.19.png"/></p>
<div>Nick Santiago</div>
<div>InTheMoneyStocks</div> Video Game Stocks Are under Selling Pressure, Here's The Next Trade $ATVItag:www.thebullbear.com,2018-12-03:3301355:Topic:1227282018-12-03T18:40:12.712ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p><span>As you know, all of the leading video game developers have been under selling pressure since October 2018. Video game developer stocks such as Activision Blizzard Inc (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software Inc (NASDAQ:TTWO) are all trading sharply lower again today. When a stock fails to catch a bid when the market is rallying it is usually a sign of further weakness. </span><br></br><br></br><span>Activision Blizzard Inc (NASDAQ:ATVI) is breaking its…</span></p>
<p><span>As you know, all of the leading video game developers have been under selling pressure since October 2018. Video game developer stocks such as Activision Blizzard Inc (NASDAQ:ATVI), Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software Inc (NASDAQ:TTWO) are all trading sharply lower again today. When a stock fails to catch a bid when the market is rallying it is usually a sign of further weakness. </span><br/><br/><span>Activision Blizzard Inc (NASDAQ:ATVI) is breaking its 200-week moving average today so this stock is now on my radar for further near term weakness. The next major support level that I see for this stock will be around the $40.00 area. This level is where the stock broke out in February 2017. Should ATVI stock back-test this level it should lead to a nice swing trade opportunity.</span><br/><br/><br/><img src="http://www.inthemoneystocks.com/images/ATVI%2012.3.18.png"/></p>
<div>Nick Santiago</div>
<div>InTheMoneyStocks</div> Celgene Corp $CELG Chart Signals Troubletag:www.thebullbear.com,2018-09-19:3301355:Topic:1216972018-09-19T19:10:47.233ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p><span>Shares of Celgene Corp (CELG) have a nasty chart and pro traders are alerting investors. The stock price is currently forming a classic bear flag pattern. To make matters worse, the daily 20, 50 and 200 moving averages are just above current price and turning lower. This signals a likely fall on Celgene Corp in the coming weeks to as low as $75.00.</span><br></br><br></br><br></br><img height="640" src="http://www.inthemoneystocks.com/images/posts/New%20Gareth/CELG09.19.2018.PNG" width="443"></img></p>
<div>Gareth…</div>
<p><span>Shares of Celgene Corp (CELG) have a nasty chart and pro traders are alerting investors. The stock price is currently forming a classic bear flag pattern. To make matters worse, the daily 20, 50 and 200 moving averages are just above current price and turning lower. This signals a likely fall on Celgene Corp in the coming weeks to as low as $75.00.</span><br/><br/><br/><img src="http://www.inthemoneystocks.com/images/posts/New%20Gareth/CELG09.19.2018.PNG" width="443" height="640"/></p>
<div>Gareth Soloway</div>
<div>InTheMoneyStocks</div> Watch This Leading Chip Stock At This Trade Level $TXNtag:www.thebullbear.com,2018-09-11:3301355:Topic:1220082018-09-11T16:56:30.143ZPorter Frasierhttps://www.thebullbear.com/profile/PorterFrasier
<p><span>Texas Instruments Inc (NASDAQ:TXN) is a leading chip stock that has been declining since late January 2018. At that time, the stock traded as high as $120.75 a share. Today, TXN stock is trading at $107.15 a share. Traders and investors should note that the stock is still holding its 50-week moving average around the $107.00 level. A weekly chart close below this key support level would indicate another decline is in store for the shares. The next major support level for TXN will be…</span></p>
<p><span>Texas Instruments Inc (NASDAQ:TXN) is a leading chip stock that has been declining since late January 2018. At that time, the stock traded as high as $120.75 a share. Today, TXN stock is trading at $107.15 a share. Traders and investors should note that the stock is still holding its 50-week moving average around the $107.00 level. A weekly chart close below this key support level would indicate another decline is in store for the shares. The next major support level for TXN will be around the $100.00 area. This is where the stock was defended in April and will be the next major support level for the stock. I will be watching TXN closely at this level for a solid buying opportunity. </span><br/><br/><br/><img src="http://www.inthemoneystocks.com/images/TXN%209.11.18.png"/></p>
<div>Nicholas Santiago</div>
<div>InTheMoneyStocks</div>