• Analytics

    CL – support & resistance [feb23]

      Back in early December, the upper bound was set at $80 per barrel of black gold. Oil traders have repeatedly attacked the level, but until now they have failed to extend the range higher. On the slide above: CL [Feb 23]. Tf: Day. Chart: Double Cluster [volume/delta]. Total Hist.: Delta. Note the repeat of the 7 day uptrend and the return to the same prices in 2022. Such repetitions in the stock market are no coincidence. And there are plenty of companies interested in a price hike by the states that produce and sell oil. Today is the 7th day of an uptrend and this will affect buyer confidence and activity. It is…

  • Analytics

    Friday the 13th

    Friday the 13th is always superstitious for traders and many are wary of working on such a day. But for investors and traders who trade on days when companies release quarterly reports, today is a good time. UnitedHealth (UNH). JPMorgan (JPM) Bank of America (BAC) Wells Fargo & Co (WFC) BlackRock (BLK) Citigroup (C) This is a list of banks and financial companies that will release quarterly reports. Almost all of the list will report before the market opens. Keeping an eye on these reports is necessary both for investors and those traders who trade indices that include these companies. For super volatility and directional price reaction as a result…