Holiday Sale Pricing!
- Posted by Greg Harmon on November 27th, 2024 at 12:01 pm
It is that time of year again as the calendar is set to flip to the last page and we look back events of the past 12 months. We also look forward to celebrations with friends and family, and gift giving and hopefully a much more pleasant year in the markets. This year consider giving yourself a special gift. A reward for getting through this prolonged downturn. For the Holiday Season this year I will be offering special pricing for Dragonfly Capital Premium Trading Service.
Annual Subscription for $700, that is 30% off for as long as you continue to be active.
Quarterly Subscription for $245, that is 30% off for as long as you continue to be active.
I am also offering a Lifetime Subscription. This can be purchased for $2,000 a 20% discount or 0.75 ETH or 0.025 BTC.*
The Premium Trading Service starts with an in depth Technical Analysis of the Macro Markets and their influencers. Reviewing the Equity Indexes, Gold, Oil, Bonds, The Dollar, Foreign Markets and Volatility and assessing the upcoming week. This is delivered Saturday morning.
On Sunday you get 5 exclusive trade ideas culled from reviewing over 1000 individual charts. Additionally there are 5 more ideas that I offer high level analysis to the public, but then expand with detailed triggers, stops, support and resistance levels and profit targets and how to adjust them only to premium users.
The Top 10 Trade Ideas are screened against the potential to provide a 5 – 10% return or more in under 10 trading days. Many trades are proposed with both stock and options idea, and sometimes several options trades depending on your risk tolerance.
During the week I offer earnings trade ideas for companies reporting that night or the next morning before the open. These earnings trades are exclusively options based. So there are over 30 trade alternatives offered each week.
Every evening you also get a special scan designed to give a watchlist for break out to the upside potential for day/swing trades for the next day. Whatever risk management plan you use is up to you. Finally, you get access to me, to ask about these trades, the market or anything else.
All premium material is posted to the blog under the premium page. You can subscribe to receive it via e-mail and I also post it with a link on both StockTwits and twitter.
In summary you get 25-40 trade ideas and an expert technical review of the macro market each week. Try it out for 2 weeks and if it is not for you cancel for a full refund.
*Existing Subscribers with over 3 years of tenure can upgrade to a Lifetime Subscription for 50% off the standard price.
SPY Trends and Influencers December 21, 2024
- Posted by Greg Harmon on December 21st, 2024 at 9:03 am
Last week, the review of the macro market indicators saw with just 10 trading days left in the year, equity markets continued to show strength on the large cap and tech front, with some weakness appearing in small caps. Elsewhere looked for Gold ($GLD) to continue its consolidation in the uptrend while Crude Oil ($USO) consolidated in the lower end of a broad range. The US Dollar Index ($DXY) continued the short term move to the upside while US Treasuries ($TLT) held in consolidation. The Shanghai Composite ($ASHR) looked to consolidate in the uptrend while Emerging Markets ($EEM) continued the short term move higher.
The Volatility Index ($VXX) looked to remain very low and stable making the path easier for equity markets to the upside. Their charts looked strong, especially on the longer timeframe, with the small cap $IWM showing some downside risk. On the shorter timeframe the $QQQ had been the short term leader and looked to continue while the $SPY consolidated at the high and the IWM pullback looked to deepen.
The week played out with Gold pulling back to a 1 month low before a bounce while Crude Oil fell back in consolidation. The US Dollar continued to move up reaching a new 25 month high while Treasuries fell back to test the April lows. The Shanghai Composite fell back in consolidation while Emerging Markets fell back to the September lows, threatening the short term move higher.
Volatility spiked after the FOMC meeting then settled back to the low 20’s. This was accompanied by equities dropping dramatically Wednesday and holding at the lows. This resulted in the SPY falling back into the post-election gap. The QQQ fell to near the 50 day SMA and the IWM filling the post-election gapand continuing back into the recent consolidation area. What does this mean for the coming week? Let’s look at some charts.
SPY Daily, $SPY
The SPY came into the week in consolidation on the daily chart in the uptrend. It held there through Tuesday. Wednesday saw a sharp move lower following the FOMC statement and it continued lower as Chairman Powell spoke in the press conference, eventually closing down almost 3% on the day. It held there Thursday and then printed an outside bullish candle to end the week Friday.
This is a potential reversal candle if confirmed Monday. The move down Wednesday was on the strongest volume since the August low and activity has started to drop back since. The RSI is curling up after hitting the bottom of the bullish range while the MACD is falling but positive.
The weekly chart shows the damage as price did not even hit the 20 week SMA before bouncing. The RSI is holding in the bullish zone with the MACD looking to cross down. There is definitely more downside room before any worry sets in. There is support at 590 and 585 then 580 and 574.50 before 571.50. Resistance above 593 is at 600 and 604 then 609. Pullback in Uptrend.
SPY Weekly, $SPY
With just 5½ trading days left in 2024, the week showed a crack in equity markets following the FOMC December meeting. Elsewhere look for Gold to continue to consolidate the major move higher while Crude Oil consolidates in the lower end of a broad range. The US Dollar Index continues to drift to the upside while US Treasuries pullback in consolidation. The Shanghai Composite looks to consolidate in its uptrend while Emerging Markets may be reversing their uptrend.
The Volatility Index looks to remain low after spiking and pulling back making the path easier for equity markets to the upside. The charts of the SPY and QQQ continue to look strong on the longer timeframe. On the shorter timeframe both look a little weaker. The IWM is now weak enough that it is threatening the uptrend. Use this information as you prepare for the coming week and trad’em well.
Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview December 20, 2024
-
How this Week’s Premium Top 10 Performed, December 20, 2024
Posted by Greg Harmon on December 20th, 2024 at 4:03 pmEach week I post the performance of the stocks that were given to subscribers the previous Sunday. All performance is measured against the plan given […]
-
4 Trade Ideas for Progressive: Bonus Idea
Posted by Greg Harmon on December 16th, 2024 at 7:15 amProgressive, $PGR, comes into the week rounding higher after a pullback. It ended Friday at the 50 day SMA. The round higher made for a […]
-
5 Trade Ideas for Monday: APA, Asana, Dicks, Infosys and Murphy USA
Posted by Greg Harmon on December 15th, 2024 at 3:51 pm5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers: APA, Ticker: $APA APA, $APA, comes into the week at resistance. It […]
-
SPY Trends and Influencers December 14, 2024
Posted by Greg Harmon on December 14th, 2024 at 9:03 amLast week, the review of the macro market indicators saw with the first week of December in the books, equity markets showed strength with tech […]
-
How this Week’s Premium Top 10 Performed, December 13, 2024
Posted by Greg Harmon on December 13th, 2024 at 8:15 pmEach week I post the performance of the stocks that were given to subscribers the previous Sunday. All performance is measured against the plan given […]
-
4 Trade Ideas for JP Morgan: Bonus Idea
Posted by Greg Harmon on December 9th, 2024 at 7:15 amHere is your Bonus Idea with links to the full Top Ten: JP Morgan, $JPM, comes into the week moving back higher in a tight […]
-
5 Trade Ideas for Monday: Crowdstrike, Kratos Defense, Louisiana-Pacific, PayPal and Target
Posted by Greg Harmon on December 8th, 2024 at 11:21 am5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers: Crowdstrike, Ticker: $CRWD Crowdstrike, $CRWD, comes into the week approaching resistance. It […]
-
SPY Trends and Influencers December 7, 2024
Posted by Greg Harmon on December 7th, 2024 at 9:03 amLast week, the review of the macro market indicators saw With November in the books, equity markets showed strength with the SPY recording a record […]
-
How this Week’s Premium Top 10 Performed, December 6, 2024
Posted by Greg Harmon on December 6th, 2024 at 4:23 pmEach week I post the performance of the stocks that were given to subscribers the previous Sunday. All performance is measured against the plan given […]
-
Gregory W. Harmon CMT, CFA, has traded since 1986 and held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)