{"id":168,"date":"2019-11-02T15:35:21","date_gmt":"2019-11-02T14:35:21","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=168"},"modified":"2019-11-02T15:35:21","modified_gmt":"2019-11-02T14:35:21","slug":"spy-reached-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/spy-reached-a-new-all-time-high-168\/","title":{"rendered":"Yes, SPY reached a new all-time-high"},"content":{"rendered":"\n

Breakout of SPY to new all-time-high<\/h2>\n\n\n\n

Do you know what I wrote about the SPY<\/strong> in my last weekly summary<\/a>?<\/p>\n\n\n\n

[…] For me, those elements together are building a bullish scenario<\/strong> increasing the probability of a breakout to a new all-time-high<\/strong>. […]<\/p>Alexander<\/cite><\/blockquote>\n\n\n\n

And it broke out! The SPY<\/strong> reached a new all-time-high at 306.19<\/strong> and that’s almost the close of Friday and therefore the close of the weekly candle.<\/p>\n\n\n\n

\"\"
SPY<\/strong> (daily chart, source: thinkorswim)<\/figcaption><\/figure>\n\n\n\n

As you may know, a close almost at the high of a candle stands for a bullish scenario<\/strong>.
We already had a little healthy pullback with Thursday’s red candle and the open\/low of Friday’s candle was exact at the monthly trend line connecting the highs since January 2018.<\/p>\n\n\n\n

Because of all those conditions giving us bullish signals I expect the SPY<\/strong> moving higher at least for two days<\/strong> next week.<\/p>\n\n\n\n

Checking my new position<\/h2>\n\n\n\n

The sideways market since 2018 was difficult for swing trades. Last weeks more than before. Therefore I am happy about my decision:
Started during my vacations this summer I am trading only the best setups<\/strong> now. Therefore it got calm in my trading journal but the results are better<\/strong>.<\/p>\n\n\n\n

This week I only added a second position<\/strong> to my relatively new first MCD<\/strong> long term investment.<\/p>\n\n\n\n

\"\"
MCD<\/strong> (daily candles, source: thinkorswim)<\/figcaption><\/figure>\n\n\n\n

The stochastic in the weekly chart for MCD<\/strong> is very low (12.8, 18.2). So I added another little position exactly at the bounce of the 61.8% fibonacci level.<\/p>\n\n\n\n

While the US McDonalds website<\/a> promotes free delivery on Halloween, the European McDonalds does not have any delivery features yet. Because of the growing food delivery market all over the world there is lots of potential for MCD to grow<\/strong> over the next years and decades (not supported by my vegan and sugar-free shopping basket)<\/em>.<\/p>\n\n\n\n

In addition to that we recognize an tremendous growth of the operating cashflow<\/strong> (last quarters: 1338.8, 2471.1, 1511.6, 2020.6, 1925.5, <\/em>7928.8<\/em><\/span>)<\/em> and the net income (last quarters: 1496.3, 1637.3, 1415.3, 1328.4, 1516.9, <\/em>5897.9<\/em><\/span>)<\/em> in the last earnings report.<\/p>\n\n\n\n

And of course, it will help that the SPY<\/strong> reached a new all-time-high with a breakout of the long range market.<\/p>\n\n\n\n

Let’s looking back<\/h2>\n\n\n\n

In the following three sections I will analyze the charts of YUM, FB and UNH<\/strong>, my new long term positions of the last weeks. You can re-read the articles of my weekly summaries<\/a> to get an idea of my former thoughts.<\/p>\n\n\n\n

#1: For YUM<\/strong> I do not have to write a lot. Just look at the chart to recognize my worst entry for the first position:<\/p>\n\n\n\n

\"\"
YUM<\/strong> (weekly candles, source: thinkorswim) with my entry at the blue ellipse<\/figcaption><\/figure>\n\n\n\n

I do not add another position yet because I am unsure of the progress of price action the next weeks. In the daily chart YUM<\/strong> formed a huge gap down and I’ll just book it as an unfavorable entry price. \ud83d\ude42<\/p>\n\n\n\n

#2: However, I was a little surprised that FB<\/strong> left the range last week. I expected a more bearish price action for one or two weeks but with a little more volume it could be the first weekly candle of a new move upwards: <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

#3: With my UNH<\/strong> position I made up for the creepy entry of YUM. I bought it exactly at the last low. Maybe with the momentum of the market a new high will be reached: <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

So, that’s it for today!
Did you enjoy my weekly summary?<\/em>

The newsletter<\/span> system is installed now and so you can subscribe from now on. I would like to inform many of you, my readers, about new articles, new features and about my tools<\/span> I am transferring from my local Python to an online interface step to step to make your trading easier.<\/p>\n\n\n\n

Please, comment below<\/span> about your thoughts, opinions and experiences. I will answering every comment.
Now I wish you a happy week<\/span>, a good start into November and good entries and exits. Bye!<\/p>\n","protected":false},"excerpt":{"rendered":"

Breakout of SPY to new all-time-high Do you know what I wrote about the SPY in my last weekly summary? […] For me, those elements together are building a bullish scenario increasing the probability of a breakout to a new all-time-high. […] Alexander And it broke out! The SPY reached a new all-time-high at 306.19 […]<\/p>\n","protected":false},"author":1,"featured_media":183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[46,47,10,38,41,9,29,30,11,34,42],"yoast_head":"\nYes, SPY reached a new all-time-high - The Market and Us<\/title>\n<meta name=\"description\" content=\"As I expected the SPY reached it's all-time-high. 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