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Chinaās Stocks rally may be just the beginning....
The Chinese stock market has been on fire lately, with some stocks racking up 20% gainsš¤.
If youāre not in already, itās best to wait for a pullback.
Stay tuned, weāve got the ticker, get ready to move. š
Over in the US, our breakout indicators are flagging the oil and tanker industries as prime opportunities.
Now is the time to position yourself in this sector.
Charts are speaking loud and clearātechnical analysis does the heavy lifting, making you your OWN expert.
Case in point: weāve held off on adding to our blockchain stocks, even though theyāre on our watchlist.
The charts told us to wait, and weāre glad we did!
Follow the signals, trust the charts, and letās finish the week strong! šŖ
š„ Middle East Tensions Send Stocks Tumbling, Oil Prices Soaring
The missile attack on Israel has triggered a wave of fear and uncertainty, and investors are flocking to safe-haven assets as a precaution. It's a tense situation with a lot of unknowns. Investors will be closely watching the developments in the Middle East and the potential impact on global markets.
šš°š Hong Kong Market Rally Amid Middle East Conflict
While Hong Kong is rallying, other Asian markets are retreating amid escalating tensions in the Middle East. Hong Kong is benefiting from positive economic policies and investor enthusiasm, but it remains to be seen how long this momentum will last.
šš This Unexpected Utility Stock Leads S&P 500 Performance
It's a surprising story in the S&P 500! Vistra Corp, a utility company you've probably never heard of, has emerged as the top performer this year, outpacing even tech giants like Nvidia.
š Nike Stock Tumbles After Disappointing Earnings Report
It's a tough day for Nike investors! The company's stock has taken a significant hit after reporting disappointing earnings and withdrawing its annual outlook.
šļøāāļø US Dollar Strength Weighs on Euro and Australian Dollar
This strengthening dollar is putting pressure on the euro and Australian dollar, which have both retreated from their recent highs. If US economic data continues to improve, the dollar could see further gains, potentially impacting other major currencies as well.
šļø US Port Strike Shakes Up Stock Market
The ongoing port strike in the US is having a significant impact on the stock market! It's a complex situation with winners and losers across various industries. Get in for the latest update on this situation.
ā Gold Prices Hold Steady Amid Competing Forces
While the geopolitical tensions in the Middle East are supporting gold, the stronger dollar is putting pressure on the price. It's a dynamic situation, and gold prices could see some volatility in the coming days.
Williams Percentage Range (Williams %R)
The Williams %R, also known as the percentage range(%R) indicator, measures the current closing price's position relative to the high and low range over a specified period, typically 14 days.
It's expressed as a percentage, ranging from 0 to -100.
- Readings closer to 0 indicate that the price is near the recent high, suggesting an overbought condition.
- Readings closer to -100 indicate that the price is near the recent low, suggesting an oversold condition.
What to Look For:
- Overbought/Oversold Levels: Readings above -20 suggest a market is overbought, while readings below -80 indicate it's oversold.
- Crossovers: When the %R line crosses above -20, it suggests a shift from bullish to bearish momentum, and vice versa when it crosses below -80.
- Divergence: If the %R diverges from the price (e.g., the price is making higher highs while the %R is making lower highs), it could signal a weakening trend.
Consistency vs. Distraction
Letās be realāfinding consistency in trading while balancing a job on the side is tough.
Some days, it feels like you're spinning platesāone slip, and everything crashes.
And when you finally sit down to trade, youāre not in the right mindset.
You want to make moves, but deep down, you know you're distracted, tired, or just... off. Then, bamāa loss.
And it stings. Suddenly, itās not just a bad trade, itās a blow to your confidence.
But hereās the thing: consistency isnāt about showing up to trade every day no matter what.
Itās about showing up when youāre readyāmentally sharp and focused. Letās be honest, some days you just wonāt be in that space.
You might feel like youāre falling behind if you donāt trade, but forcing it can lead to worse outcomes.
Trading while distracted is like playing darts with a blindfold onāsure, you might hit the target, but is it worth the risk?
The truth is, youāll find more consistency in the quality of your trades than in the quantity.
If youāre not in the zone, itās okay to step back.
The market isnāt going anywhere, but you could be if you keep trading from a place of exhaustion or distraction.
CONSISTENCY isnāt about always being in the game, itās about KNOWING when to sit one out.
So next time you feel that itch to trade on a bad day, pause.
Ask yourself: am I trading to win, or trading just to say Iām trading?
Because of that difference?
Thatās where consistency is born.