Yesterday I tried to short the SPX500, unfortunately, got caught in the 100MA retest candle with a tight stop. Technically there's an easy 3% downside from here for US equities. Fundamentally US CPI data is a key driver for FED and consequentially for US equities. A higher reading would be negative for stocks in my view.
The week start with a significant raise in yields (US10Y) accompanied by a downside move in equities (ES1!). Seems like we witnessed a bounce off the EMA and the beginning of October's support. I wouldn't be so sure however given the explosion in yields. One is wrong the other one is correct that's for sure. Watch carefully the support and possible resistance at 2744.
Wednesday's rally did indeed hit resistance at the 2732 level and then pulled back some (green arrow). Enough for partial profits but nothing to write home about. The pullback was short-lived and continued strength on Thursday gave way to a significant breach of the 2732 level on Friday (red arrow). To me this means one of two things: 1) I have the wrong...
The equity trading algorithm closed its long position on VKTX at a loss. Date of opening long: Oct 29 Date of closing long: Oct 31 Trading system: bit.ly
The equity trading algorithm closed its short position of TLRY. Date of short opening: Oct 23 Date of buying to cover: Oct 31 Trading system: bit.ly
Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it. At this rate of decline, is there any support or bottom in sight? I generally do not like to do projections, because most projections are just guesses. The best way to know is to observe the price as it moves, then you will know when it...
Starting off the day with diverged asset classes. 10Y note yields has gone lower while SPX futures showed some resistance and look like they are about to break out higher from the small (and a little bit crooked) wedge that formed. During writing of this post the divergence is disappearing :( SMI suggests downward move but this may not be the case. Watch closely...
I'm long NZDJPY on the completion of this bat pattern, let's see if it can hold up against any risk off in the equity markets
NYSE:NIO has been popular over the last week, lots of hype on this one.... BUT can we trade the HYPE? Let's see! Looking like a buy setup on the lower time frames!
NYSE:CIG has some nice wave structure going on. The 1st Impulse 1/A wave took the form of a diagonal. Now we're trading withing a slowly descending channel that looks like the upside will come (if not on this current move up, soon) What are your thoughts on this company? I'd love to hear some input! Thanks for looking, and trade responsibly! Always remember YOU...
My breakout watchlist for tomorrow is: -------------------- LUNA ARQL AP GRPN UMC PRVB ASYS ------------------ Based on RSI and support and resistance lines. Keep an eye on these but trade at your own risk!
Imagine for a minute that one could find similarities between what is happening now and what has happened in the past. Imagine if someone could clearly present information that the $12T+ of global stimulus over the past 7+ years could drive a massive growth in certain equity markets and prompt a massive equity valuation increase over the next 5~25+ years. ...
NASDAQ:APEN saw a break out today and the move was impressive. I believe we saw the first Minor 5 Wave Cycle in a longer trend. We should see and extension of today's rally because WAVE 1 & WAVE 2 broke the Fibonacci Level of 1.618. APEN has been in a long Decline since 2008! Key Fibonacci Extension levels that I am eyeing from the extension of WAVES 1 &...
Elliott Wave analysis of TSLA's first major cycle since its IPO.
Well this and a few another company chose a wrong path in my mind. Same as Uber, Tesla try to grown with brand awareness and try to climd their sellings. They are spending a tons of money to make public aware and they are sucsessfull on it, even my grand grand parents learn what is it tesla because of their redicilous rocket show for 500 million dollar. It wasn't...
Huge sell off on tap again. 2714, 2722ish and 2730ish is big resistance. I expect another massive sell off. It will 100% go test what was gained from this weeks low before any chance at new All time Highs. Short this pig.
Buying opportunity on DAX30. Trend continuation. Level of support RSI oversold. Market overextended. Bullish on EU Equities until QE ends. Good Luck