In-depth trading ideas

Discover detailed market analysis from traders. See how others approach this instrument, compare different strategies, and discover perspectives that can shape your own view.

$FFTY Forming a VCP (Volatility Contraction Pattern)?AMEX:FFTY looks to me like it is working on a VCP with volatility shrinking and forming a nice wedging pattern. I like this pattern “IF” or when the market turns positive. Here are the negative things I see, as of now it is trading below or right at the 18-month AVWAP. It is right at shorter term resistance. It is below the downward sloping wedge trendline. And the RS is still declining. On the Positive side I see current price is about 11% below the 52-week high. Price is above all the moving averages including the 50 DMA and the 40 Week MA. Price is above the upward sloping wedge trendline. Here is my trading plan, if the overall market looks good, RS breaks above the trendline and price moves above the 18-month AVWAP I will start with a one-third size position. My stop will be price closing below the 50 DMA. If it breaks out over the wedge downtrend line, I will make it a two-thirds sized position. If it can consolidate without stopping me out, I will build to a full position on any resumption of the uptrend. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. AMEX:FFTY The IBD 50 Innovator Fund is comprised of IBD’s picks for high growth stocks. The stocks represented turnover more often than most ETF’s.

by Brent_Calver

$FFTY Breakout / Re-Test?AMEX:FFTY The Innovator IBD 50 ETF – This ETF is sponsored by Investor’s Business Daily (IBD) It holds high beta / high growth names mostly mid and small caps. I like it for its holdings, very similar to AMEX:ARKK except that the holdings in AMEX:FFTY rotate a little more than $ARKK. Like AMEX:ARKK , this is a good barometer of risk-on / risk-off in the market. Here is what I see on the chart (most is notated on the chart). Break above both the resistance area and move over the 30 Week SMA. That happened yesterday and looks to be re-testing today. I like all that volume this had on Monday, not sure the volume count but the most single day volume since 2019. Tuesday’s volume was also more than double the average volume. The pullback today is on par with normal volume levels, most likely profit taking by some of Mondays’ buyers and maybe a few underwater buyers from yesterday. The price is above the shorter-term MA’s, and we have a recent MACD cross. All in all, I will be looking for a reversal from today’s down day for an entry. I like this set-up because I can put a stop loss under one or all of the moving averages with a clearly defined risk. Thanks for looking. Ideas, not investing/ trading advice.

by Brent_Calver

FFTY Long Looking to invest for a longer term swing, good buy at the moment, but I'm going try and buy on the next retrace and hold for the next bull run

FFTY 1D Wolfe Wave Bullish A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.

Important week for IBD 50 - Growth traders, pay attention The IBD 50 broke out of its 7 month long symmetrical triangle yesterday on the daily time frame. How it finishes on Friday will be key for the weekly close The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index. Here's a link to its holdings (updated July 28 2021) ycharts.com A lot of names in there look very good - some better than others. Choose wisely. GL

FFTY and SnP 500 could go hand in hand until mid December Weekly Triple negative divergence in FFTY for the RSI and MFI - not shown here but you can quickly check it. No trading advice here. Chart and comments are for entertainment and educational purposes only. For Trading Advice, seek out a professional.

DOWN DOWN DOWN FFTY IS THE SIGNAL, ALL HAIL FFTY FSDFASDFASDF

by PositionofMaximumOpportunity

Is rotation to growth in the horizon? $FFTY The Innovators ETF AMEX:FFTY is being underperforming the TVC:SPX since February. This ETF is concentrated in growth stocks; so is a good barometer for that sector of the market. I see a volatility contraction pattern (VCP) with lowering volume, classic pattern before a crazy breakout. This breakout could be upward or downward, the thing is to be reactive. At the moment its relative strength against the TVC:SPX haven't indicated anything bullish, and the price is below the 20 day and 50 day MA. I'll be waiting for confirmation. The bullish sign for me is that some tech names have been making good breakouts, like NASDAQ:CRWD , NASDAQ:UPWK and NYSE:U . For me these stocks could be the next leaders.

FFTY vs SPY FFTY.. IBD growth type stocks vs SPY. Not a very good look for me. Keeping me out of a lot of growth names. Saved a lot of headaches.

The tide that keeps high speed boats buoyant The renewed vigor in the market averages will help lifting the constituents of this ETF to higher levels.

Expecting a bounce on MOMO/GROWTH names Do or die time for for the growth names.

IBD50 (FFTY) vs. S&P 500 (SPY)The Investor's Business Daily IBD 50 is a popular watchlist used by many to pick stocks with bullish momentum. It has been made into an actively managed ETF by Innovator Funds as AMEX:FFTY . This chart compares how the ETF is performing vs. AMEX:SPY YTD. On a quick visual glance, it seems to basically track S&P with higher beta, eyeballing this at maybe 1.25 Beta, slightly higher highs and lower lows, as would be expected by momentum plays. Qualitatively speaking, it seems not to definitively exhibit alpha - at least in 2018 YTD - only higher beta.