VIDEO: www.youtube.com I'm terribly sorry, but we had rendering problems within YouTube with the last video upload. I've gone ahead and re-uploaded the video and the audio is now fixed. Please watch the video for our trade ideas for the day and what we're keeping an eye on. Star Prosper Philip Stewart
$USDEUR has been on a tear the last from Sep 2014 until March 2015. A double top has killed the momentum. Will the euro rebound or will it fall further? read more at www.trendyprofits.weebly.com
$RH has a big test coming up. Was able to hold 18 month support and 50 week MA. Big test will be next week to see if it can break the 20 day MA. If it holds the breakout, buy and look for it to hit $103-$105 at the resistance.
Brown eclipse / Circles are resistance. Assumption that AB = CD (green lines)
Solid performance by Palladium as it storms ahead to take out several key levels. We are deviating slightly here but the daily chart shows that price failed to close above the 200 DMA and this could mean that a slight pullback in next week price action to test 780 levels but we expect the run higher to continue. Coming back to the weekly, the price action will...
Only a break higher above 1185 or out of the long term down trend line will be sufficient for the bulls to retake control. Short in this sellers market. Price continue to trade below the 20 WMA which is now sitting at 1180. Our stance remains the same here, Platinum to have a corrective rally as long as it trades within the triangle - creating higher low and...
Notice how Silver price is now trading out of the long term downtrend line after its massive rally to all time high of $ 50. We continue to expect price consolidation and a possible low to retest the 13.50 to 14.50 levels to confirm a reversal sign (with the addition of RSI divergence and a double bottom?). Silver need to break out of this triangle with the...
Since the start of 2015, repeated rejection off the 20 WMA confirms that there is no interest for higher gold prices. This also falls into our analysis that the last two years pattern is playing out on Gold prices. Often we see gold prices moved higher in the 1st quarter of the year, followed by setback in the 2nd quarter, but 3rd quarter recovery (which could...
We covered all short positions made at 1150-1160 level at 1125-1135 level. Once again, price found support on that Green trendline - a rising higher low made since 2015 low of 1086. This further suggest that Platinum is also trading in a Symmetrical triangle pattern with a biased for further downside. 1) Break above 1186 we will go long or 2) Break below 1115...
Despite the weakness in USD, gold failed to move back above the 20 dma and as long as price trade below that we will see further weakness going into NFP. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
The 50 EMA at 1158.60 served as a good entry point to re Short Platinum with a stop loss at previous high 1185.3 (risk 26.7 points) with 1st target at 1122.60 (reward 36 points) and 2nd target at 1086.5 (72.1 points)
We want to SHORT on the break out from the symmetrical triangle and target 14.50 area (which will be an area for us to close all short positions and swing LONG).
S&P 500: In 2014/2015 we have experienced a very nice bull market as the S&Ps finished in 2014 returning a nice 13.69%, overall the bull market has been driven by the feds decision to keep interest rates low as investors piled in. recently the FOMC held a press realised where Janet Yellen (Chair of the Board of Governors of the Federal Reserve System) stated that...
The Correlation between the EURUSD and USDCAD is -95%, this shows us that we can create a hedging strategy between the two pairs for major profits. The fundamentals in the European economy are as bad as can be as the dollar gains strength. this trend will continue as they cross
All is free: -Alerts -Daily analysis -Trading room -Weekly webinars -Charts -Economy Caledar -News -Strategies
A basic timeline review of the dollar index and presidential impact on the greenback. All comments welcomed.
I short the S&P500 due to bad fundamental data today. The S&P lost already over 1 percent and i think it will continue. 1. Durable Goods Orders shrank by 3.4 percent in December 2014. Core Durable Goods Orders down to -0.8 percent after a -1.3 percent in the previous month. 2. US manufacturing PMI is at 53.7 in January, down from 53.9. 3. OK, New Home Sales...
Long term idea from analysis here - could take a while to complete. Or not - we all know how ridiculous oil is! Anyway, as you can see, there is a very, very strong long-term support trendline forming way back from 1999. It's apparent that oil rose in the late 2000s due to a booming economy and increased demand and subsequently a dramatic drop due to global...