Following the recent oil rally, the Russian equity index has also rallied about 30%. However, this - like the oil rally and the Petrobras rally I posted about - is unsustainable. See my post attached here for why the oil rally is unsustainable. Why is RTS unsustainable? Firstly, it is likely to follow oil's possible move down. Secondly, Russia is still in...
I have a solution. Use the moving average 50 period low. Check the 4h chart on US30. Insert a 50 period moving average low. Insert support and resistance lines. You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
High Yield Equity (DVY) broke below the since-2009 purple line today.
Recent Global developments and recessions on economic cause to squeezed gold pattern. There are two critical points for its channel; one is for buy signal above 1285 point and the other one is for sell signal below 1239 point (detailed in graph). When the proper points will occured, RSI and MACD should also be considered by traders. Stay with trend! Hope to help...
The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback. Perfection of the black trend line crossing the triangle from the cypher. If this rally continues to 3178 then we will have a cypher pattern completion and could go short. Profit targets indicated by the green boxes. Stop loss...
Apple have consistently bounced off the 50 day moving average every time it has been met in 2009 and 2013, and I don't see any reason why it shouldn't bounce off it now. Coupled with this, the price has just hit a solid piece of previous structural resistance, as indicated by the black line. Could this be a potentially rewarding investment?
As equities market unwinds, its a fantastic time to sell a premade basket of overpriced crap grounded by no fundamentals or confidence in macro factors to keep the dream running much longer.
We are seeing some bounce in the oil with talks between OPEC countries. This may have some legs to go up to 46
With Oil prices hitting new lows every now and then, it’s hard to believe that pump prices in Singapore barely move an inch while the Energy Sector’s valuations have been dropping. The Sector’s performance move in tandem with oil prices, as higher prices would allow them to realise more revenue. That equates to more funding for oil exploration, but with oil at...
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...
Back to August Low Touch Harmonic pattern reversal point again
The USD has been in uptrend for quite some time given the market volatility and proposed normalization by Fed beginning with the lift off. USD strength has also been an important factor for commodities downtrend. Weakening of USD would be hugely welcome relief for most markets that have been in turmoil since the start of 2016. Please note this is monthly chart so...
For the last several years US equities have benefited from a liquidity flood that caused a commodity bull. The oil boom / bust is a good example, and you can see from their recent change in correlation, we may be seeing the last weeks of those two assets moving roughly in tandem . The last time the correlation movement was this unstable was 2008/2009 - when...
BCEI may have completed an ending diagonal at the end of wave C of a zig-zag correction. This could send the pair on a rally toward its price target at around $9. In addition to the wave count, the current level is confluent between .618A=C, 1.786i=v, and iii=v which are all important levels to watch for support and resistance, especially toward the end of the...
On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction...
Running Alpha Capital Markets Intelligence re-iterates its warning posted on Jan 11th, 2016 to Global Investors of an Imminent and Persistent Crash, specifically for Euro STOXX 50 Equity Index ( Symbol FEZ ) . The benchmark European index, the Euro STOXX 50 should easily retest the crash lows of 2009; USA equity markets do not have a crash signal, but will...