We have a potentially very good trade here. The recent outperformance of HYG (and the crude oil rally) have boosted the stock market but I still think it's possible to see another sharp decline. The market is under Mario Draghi's and China's sweet talk influence right now, as I see it. I'm out of equity longs for the time being, and positioned in a more risk...
This stock is coming up from a strong base, acting as a bastion of strength in this market. Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either. There's a nice techical entry if we're offered with prices inside the green zone in my chart. There is an abundance of technicals suggesting this is a good buy, so I...
I'm contemplating this possibility. The chart suggests we're in a monthly uptrend since the 2011 low (the peak in gold). The range expansion to the downside culminated right into the uptrend mode, while rgmov is in an uptrend, and CCI hints at a possible crossunder -100. If this were to happen it'd be extremely interesting to open a position in this pair. Right...
I went long TSLA right before the closing bell last Friday. I'll update as soon as the market opens today. I think oil is set for a rally and this can only benefit TSLA which already looks ready to climb up from this zone to the 250+ region. The Key Earning Levels have been constructive, showing strong support holding and a series of higher lows while spending...
Ebay is offering an interesting short setup here. This is an entry for Tim West's Key Hidden Levels' chatroom's contest. Pick a stock, get the biggest profit in ATR's and win by the next weekly close. Happy new year everyone! Cheers, Ivan Labrie.
GBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so...
I think it's worth it to enter a long in EURUSD now, and one if we break past 1.10056 as depicted in my chart. The stop loss for both is 1.0913. We have US GDP news coming and it's highly likely that the whole week continues to march up from this juncture. I'm right, which I think it's highly probable based on the DXY analysis I conducted and EURUSD's own price...
There's an interesting setup here in the AMD daily chart. After rallying off a base and shooting high, far from the earnings' levels, AMD is offering an interesting short setup. It's worth considering a small entry here, simply based on the size of the target vs the stop loss. The chart shows a potentially complete rising wedge or terminal triangle, which would...
I'll be entering shorts this week before the close, the potential is very good, even if only the 'local' trend signal goes in effect and hits the target. If this trend signal works, a larger 18 week decline will become valid, and we could expect a very sharp drop towards 0.75972. This is also illustrated by a modified Schiff Pitchfork that I drew using key highest...
An addendum to my EURAUD weekly forecast chart, couldn't get the targets to be readable in the other chart so here it is. I don't normally give stop and exit reccomendations but this one seemed easy to project realistically without making changes along the way (which is the way my trading logic works, difficult to translate into one static forecast). Good luck, Ivan.
Well, with the recent sell-off AMD is still slow on picking the pace back up. And this is while its RSI7 and CCI21 are in pretty deep oversold, while MACD dipped a lot. Now the picture seems to shed light on a possible good bull turn with the following in play: - RSI and CCI oversold - MACD dipped and turning back to possibly form a long positive trend - RMI is...