SignalWatch – 6.4.17

June 4th

Hello all and welcome to Bash Weekend 2017! What a weekend it has been so far and we are just thrilled to see everyone here at our HQ in beautiful ATX. It’s been a dozy weekend so tonight’s post will be on the briefer side of life. But as always, three great signals are up to satisfy those trading appetites. Enjoy!

Apple Buy Signal

Secret Sauce 2.0 is liking what it sees with AAPL.

AAPL was just featured on SW, but its a brand-new day and we have a brand-new signal from a way different strategy. This time the Secret Sauce 2.0 is giving AAPL the thumbs up. As we can see, AAPL has been absolutely killing it as of late and is now approaching resistance quickly at $155,50. Volume is on the rise which could be the tip of the cap that the next buying frenzy is going to kick off in earnest. The SS is looking for the beginnings of waves in trends after pullbacks for bullish situations and vice versa for bearish situations. It also looks for increased amounts of volume which we see here as well. If SS2 calls this one right and AAPL can keep on its upward trajectory, we could be looking at a push into the $160 before long. 

TSO Buy Signal

TSO is on the move.

TSO has been trading in a consolidation pattern for several days now but is trying to make a break for it and push through resistance at $84. It is trading above both the 200 and 50 SMA’s, which gives us a good bit of bullish confirmation that more buying is on the way. Not only is it trading above those moving averages, it has pivoted off of the 200 several times now, treating it as support of sorts. If this signal pans out, we could see TSO back in $86 territory before long.

HD Buy Signal

HD is displaying a great higher low opportunity.

HD has been in a great bullish trend for months, and is now forming a new higher low right along support and just above the 50 SMA. Things look good for continued moves as it is oversold on both the RSI and Bollinger Band indicators which puts HD in a solid buying zone for the next wave of the trend, 

Once this move continues, look for a push possibly back into the $160 zone.

That’s it for tonight and thanks again for all of you for making the 2017 Nirvana Club Bash so wonderful,

The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.

About the Author Ryan Belknap

Ryan has been with Nirvana since 2012 and has been manning the trading desk since Day 1. He was one of the founding members of Nirvana's Trading Lab and also TraderSource.com along with Ryan Olson and Russell Casperson. Ryan logged more than 3,500 hours trading and educating live in the Lab. He is also the lead author of SignalWatch.com. Ryan is a seasoned educator and has conducted numerous educational webinars and is an OmniTrader University instructor. Ryan prefers swing trading and position trading. Outside of the market, Ryan has passions for the outdoors, baseball, exercise, coffee, pop-culture and spending time with his family.

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