Brian Shannon, CMT

All Photos 7 hours ago
Price is truth. Only Price Pays!
Short update on #Bitcoin and $Ethereum $BTC.X $ETH.X
Today was great example of "knee jerk" morning squeeze…
Great story of how @danushman came up with ideas to create @TrendSpider I know the product would have gone unnoticed with out the massive efforts of @Jake__Wujastyk primarily and so many other over there, great job guys!
looking forward to a huge turnout for this!…
Ratings for all #stocks in IBD's Long-Term Leaders lists are updated. Apology for the delay. We usually do this on Mon. This week, the MLK holiday. Staffing issues pushed this update another few days… @SaitoChung @IBDinvestors $TEAM $GLOB $EPAM #investing
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Black arrows point 2 where I drew ⚓️VWAPs on this daily chart of $TX lot to like here - prior resistance (that looks like the neckline of an inverted HnS) now holding as support - strong sales and EPS growth - above rising 20, 50, 200 etc MAs -above VWAP peak @MarketSmith chart
btw, you dont hear a lot about a "knee jerk squeeze" because I made it up and wrote about it in my book in 2008
Knee Jerk short squeeze example
2- STRUCTURAL Stocks in longer term accumulation breaking to stage 2 uptrends or stocks in uptrends breaking to new highs. These squeezes have the shorts on the run, these can last and lead to great trends and large gains which last
Before everyone gets too excited about short squeezes, remember there are 2 types of squeezes 1- KNEE JERK stocks in downtrends get short term squeezes as supply dries up and shorts take some profits, these typically DO NOT lead to turn arounds of the down trend 1/2
more color on these measured moves in my video from yesterday……
Why ⚓️VWAP from EPS? - Can cause a sudden revaluation of the stock - To measure who has control, if they can maintain that control or lose it - So we can buy as price rallies from rising VWAPs - Set stops, hold onto profits - Make more $ $AMBA $DDOG $QCOM $SLAB #VWAPtips
When a team loses to their rival, but lost by less points than another team in their division, it doesn't make them stronger, it still gets marked in the "L" column
The "Measured Move" downside objectives are close to being met in $SPY $IWM on these 30 minute (per candle) charts. For $QQQ it is still a couple percent lower #levelofinterest not automatic place to do business
Stock Market Video Analysis 1/19/22 $SPY $QQQ $IWM $SMH $IBB $XLF $XLE ⚓️VWAP #5DMA #Measuredmove…
Relative strenght is fine for portfolio managers who get paid vs a benchmark For traders who "eat what they kill" it has to be absolute strength. Down "only 2%" while market is down 5% is not winning.
Markets $SPY $QQQ $IWM all trying to find stability at important ⚓️VWAP levels
doing what it is supposed to do in a downtrend $IWM ⚓️VWAP #levelsofinterest
👇👇👇👇 except log vs arithmetic…BFSB
releasing oil from the Strategic Petroleum Reserve was just a little speedbump for oil…
we hold ourselves to a higher standard because we think we have control and we don't want to come off as assholes when we tell the truth to others…
Stocks below decl 20 & 50DMA... choose the WRONG answer
The range in $NEWR is getting tighter and the stock is showing relative strength to the market. An ⚓️VWAP pinch (sketched in) & relative strength aren't reasons to buy, only to watch for an actionable point, good to have on radar but not a purchase her 4 me @MarketSmith chart
both $GME and $AMC are broken beyond repair reversion to the MEME
$LCID VWAP Pinch just mentioned in the spaces. Daily view...…
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When the people who have been buying the dip suddenly start warning you about buying a dip, take notice
What do $IWM and #Ethereum $ETH.X have in common?
If I had trouble sleeping I would buy this book for $1.99 People who are interested in economic indicators are the target market, not me…
is this what he meant "covfefe" = $CFVI ? Q conspiracists, any wacky theories?
Yipee Kiyay, Motherfuckers!!! Let’s do this! Finally!!…
Retweeted by Brian Shannon, CMT
Thank you to all the new subscribers to Alphatrends who took advantage of the sale, I promise I will fulfill these goals 1- Help you make more $ 2- Help you avoid making money losing mistakes 3- Provide consistent education 4- Help you find your best approach in the markets
How to use Anchored VWAP This post has a list of all providers of AVWAP at the bottom also see the video…
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all about the process and "making the trade your own" glad you get it Matthew!…
here's my video from the close on Friday…
@alphatrends It’s tremendous deal. The mid-day videos alone are lessons.
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Best money I’ve spent in a long time. Already paid for itself in less than 10 days for me. Enjoy this deal while it lasts!…
Retweeted by Brian Shannon, CMT
I try not to be obnoxious about it.. This sale ends tonight, it really is a good deal.…
about the Hindenburg Omen and its market implications here from @DKellerCMT…
Stock Market & Bitcoin Analysis 1/14/22… $SPY $QQQ $IWM $SMH $IBB $XLF $XLE $DCX $NOV $SLVM $BEAM $HFC $RCII Have a great long weekend! Like, comment, RT!
Is the risk worth the potential reward? $BA is up 20% quickly, just below a potential resistance area. New money purchases here seem like chasing to me..
dont forget! When stocks are below declining 20 & 50 DMAs, they are not dips, they are broken stocks in need of time to heal
Level of interest = an area on the chart to anticipate potential mkt scenarios & measure risk against Level of support or resistance - known only after buyers or sellers have successfully defended a level of interest Support & Resistance are only know AFTER the fact
What saves $IWM here? Looks like a big top on the wkly TF Daily TF trying to hold VWAP from the 9/20 low & obvious horizontal support, after a failed breakout last Oct 65 Min- Wed high occurred right at the conjunction of the YTD VWAP (orange) & VWAP from the Dec low (green)
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