Vz huge interday swing in your baby ANET I scooped and scored! You said To buy this one. Good Job. Day's Range--->216.50 - 224.23
FDA Approves World’s First Crispr Gene-Editing Drug for Sickle-Cell Disease... but target population cannot afford it. bluebird bio gene therapy lovo-cel for sickle cell disease has $3.1M cost (updated)
Citi says buy the dip in Biomea Fusion, 'market completely missing the point' » 12:15 BMEA Folks- I missed this--- I owe you// easy $'sstk was at $10!!! Biomea Fusion, Inc. (BMEA) NasdaqGS - NasdaqGS Real Time Price. 16.89+1.86(+12.38%)<------ Yikes! Extreme!-> Day's Range 10.35 - 17.15
Great save by Citi--> Description Biomea Fusion, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery and development of covalent small molecule drugs to treat patients with genetically defined cancers and metabolic diseases. Its lead product candidate is BMF-219, an orally bioavailable, potent, and selective covalent inhibitor of menin for treating patients with liquid and solid tumors and type 2 diabetes. Biomea Fusion, Inc. was incorporated in 2017 and is headquartered in Redwood City, California.
I did I don't get it we are up 7 straight weeks Sherlock. And what are you saying sell off to what? Should well really sell everything or are you just talking jibberish. I would leave the market timing to the No ranked timer. Who has been perfect throughout this time here at ET... I mean really...
Well, read it again. And don't say stupid things like "you just can't use RSI". I mean... like no sh*t Sherlock... I was merely pointing it out. And... RSI is in fact a very good indicator of an overbought situation. One just needs to know when it applies. It's an art Stoney... that said... it's one of many tools.
The key here is the word " potential " Should I buy when RSI is overbought? "); display: inline-block; height: 24px; width: 24px; transform: rotateZ(-180deg);"> Investors using RSI generally stick to a couple of simple rules. First, low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely,high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal. My best advice- watch Cramer we are already ten days into his correction and when he gives up and starts recommending NVDA and such then poof-- maybe that is the time to go against him. Jimmy is a good counterweight he is pushed along by HF thought and they group think. I happen to agree that stks are at fair value. 4,550 is the mark. But stks often go past fair value. And this AI is real. Hasn't AMD stood out the past few days-- good job there by management.
Dude.... 12% on a swing like this is a rounding error if you know how to trade. I mean if you see something like this... the $15 call had a range of $1 to $4 today. I mean... dude... "12% YIKES" ---<???? rotflmfao
Again, you sound stupid. Of course its only "potential". Show me an indicator that is NOT caveated. DUUUUUH Its like VWAP... you have to know when it has a high probability of being a pivot point. That takes skill. Leave the trading to traders Stoney. We'll leave the quoting of Investopedia to you.
I think when you used VWAP incorrectly we really were a service to the children by explaining everything so listen up here-- - USE 80 NOT 70 - DON'T USE IS UP MARKET- - NON TRENDING MARKET BEST FOR USE OF RSI-- US stocks are on pace for double-digit gains this year. The S&P is up roughly 18%, as of late November, after adding 8% thus far this month. Improving inflation data has sparked hopes of an end to the Fed's restrictive monetary policy. But some Fedspeak lately has indicated the US central bank may not be done raising rates just yet. That, plus concerning housing data and lingering geopolitical developments, could put some of this year's gains in jeopardy. If you make shorter-term investing and trading moves, the relative strength index is an indicator that can help you evaluate which direction stocks may head over the short term. The gains that stocks have made this month have pushed RSI to an overbought reading, suggesting the November rally may lose some of its short-term momentum. What is RSI? Let's dive deeper into RSI so you can get a better sense of the signals that it can give. Essentially, RSI is used to determine whether an investment is overbought or oversold by measuring the speed and change of price movements. It's intended to evaluate the relative value of a stock, index, or other investment using recent price history. RSI is a momentum oscillator, a type of technical indicator that fluctuates in a range, usually from 0 to 100.It is calculated using the average gain and average loss over a defined period of time. Like other oscillators, RSI is considered to be most applicable in non-trending markets (i.e., not clearly trending up or down). In the chart below, RSI is the blue line in the section below the S&P 500 price. Investors using RSI generally stick to a couple of simple rules. First, low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal. RSI applied to the S&P Source: Active Trader Pro®, as of November 21, 2023. Screenshot is for illustrative purposes only. The data, charts, and information shown above are provided solely for individual use and are not for distribution. Data and information shown are based on information known to Fidelity as of the date it was exported and are subject to change. Criteria and inputs entered, including the choice to make security comparisons or to show technical event opportunities (if available), are at the sole discretion of the user. Some RSI users adjust these rules based on their own preferences. Instead of using 30 and 70 as oversold and overbought levels, for example, one common modification is to widen the parameters to 20 and 80. Here, if RSI were to drop to 20, that would generate a buy signal. Alternatively, if RSI were to rise to 80, this would generate a sell signal. Trading signals generated by RSI are generally thought to be most valid when values reach an extreme reading near the upper or lower end of the boundaries. An RSI reading near 100 (the top of the RSI scale) would be greater evidence of overbought conditions (a sell signal), while an RSI reading near 0 (the bottom of the RSI scale) would suggest oversold conditions (a buy signal). Trading signals generated by RSI may also be given more credence when the reading rises above 70 and stays above that level for an extended period of time, or drops below 30 and stays below that level for an extended period of time. What RSI says about stocks now The chart of the S&P 500 above shows how stocks have recently recouped roughly all of their summer decline. That has helped put markets back on pace for a double-digit advance during 2023. The November rally has also pushed RSI near 70—an oversold reading. However, this doesn't necessarily generate a hard sell signal, especially for those that prefer to use the 80 RSI level as a sell signal line. It's also worth noting that the S&P 500's RSI is not at extreme levels nor has it been trading above a sell level for very long. In sum, the recent gains for stocks have generated an RSI sell signal, but traders using RSI may want to monitor stocks for additional evidence of a stronger sell signal. More uses of RSI RSI can remain in overbought or oversold territory for an extended period of time (weeks or even months). That is, if RSI were to move above 70 or below 30, it would not be uncommon for it to remain above or below those levels for some period of time without retreating back to neutral RSI territory between 30 and 70 (or between 20 and 80, depending on the levels that you use). In addition to the overbought and oversold signals that RSI can generate, it is possible to dig a little deeper into the relationship between RSI and the price action of the stock or index. A positive RSI reversal, for example, might occur when RSI makes a lower low (a relative low point on the chart that is below the most recent previous low) but the price is starting to make a higher low (a relative low on the chart that is higher than the most recent previous low). This would be a bullish move, generating a buy signal. A negative reversal could occur when RSI forms a higher high, but the price forms a lower high. This would be a bearish move, generating a sell signal. The S&P 500 has not recently exhibited a positive or negative reversal. RSI in action It should go without saying that you shouldn't trade on this indicator alone. RSI and other chart indicators should be used in conjunction with fundamental analysis, business cycle analysis, and any other information that aligns with your strategy. More importantly, trends in inflation, potential moves by the Fed, earnings results, and other factors have the power to override any chart trends. With that said, the charts may be giving a caution sign as we approach the end of 2023. HOPE THIS HELPS!