This is the short term view. I will post the long term as well. The past four market days have seen a large increase in volatility, as the bears and bulls fight for control in this range. Today saw a large gap down, and a reasonable attempt to stay above yesterday's lows. These lows happen to be very strong resistance from all of last week as well. The price...
US housing market, measured by New Home Sales is continuing its recovery in line with its relevant trendline, in line with Housing Starts and Building Permits data. However in comparison to Starts and Permits, New Home Sales data comes in with a much softer slope. Thus the expected recovery of this indicator is expected in 2020, if its relevant uptrend holds....
US housing market, measured by Housing Starts and Building Permits indicators is continuing its recovery in line with its relevant trendline. The housing market was hit the hardest during the 2008/9 financial crisis, causes by the burst of housing market bubble in the US. Thus it comes as a no surprise that the housing market is still recovering its losses, but...
MACD crossed to the downside back in December of 2014, and has been in a downtrend ever since (additionally, the MACD height reached a double top from the year 2000; the year of the dot-com bubble burst and stock market crash). However, price has not matched this movement, and has instead remained flat or even rose -- to me, this divergence indicates a change in...
Just one traders opinion on what's to come. Remember, traders don't get paid on opinions. Have a bias, but never be afraid to change it if the market shows you you're wrong.
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...
Participation rate, on the other hand, has been declining since 2010 and now stands at levels lower than in 1980-ies. However it is not a systemic problem with the labor market. The reason for the decline is that the percent of population that is employed or actively looking for work is shrinking as a part of total population as a direct effect of aging baby-boomers.
Housing market was hit the hardest back in the 2008-2009 US recession, which triggered by the burst of the mortgage backed securities bubble. Since then, US economy has restored her losses in most regards, if one is to look at the economic data. Housing market, however, started to recover only in 2012 and is yet to reach its pre-bubble performance. In line with...
Housing market was hit the hardest back in the 2008-2009 US recession, which triggered by the burst of the mortgage backed securities bubble. Since then, US economy has restored her losses in most regards, if one is to look at the economic data. Housing market, however, started to recover only in 2012 and is yet to reach its pre-bubble performance. It is...
Hello and good morning traders, I hope you're all doing well in this weeks trading. I've analysed a Potential Cypher Pattern setting up within the Gartley we are also watching and we could be potentially hitting the 97.00 just in time for the NFP figures coming out. If they are to perform weaker than expected, then we can see a potential move to the downside...
U.S. Earnings Week June 15-19 OTM Long Call , Long Put or Strangle Plays (based on Current IV compared to 30 day avg) DRI Collecting premium Selling Options ADBE, BOBE, LZB, ATU, FDX, CLC, JBL, ORCL, KR, RAD, FNSR, RHT, KMX, KBH Implied Volatility vs 30 Day Average Implied Volatility values as of June. 13 June 16 Pre-Market Fact Set...
VIDEO: www.youtube.com Hello and good morning traders. Looking at taking a short on the EUR/USD 4 hour time frame. Stops and Targets are in place and following our trading plan with our trades. Please watch the above video for analysis. Star Prosper Philip Stewart
VIDEO: www.youtube.com Hello and good morning traders, hope everyone is having a great morning and getting ready for a big day trading. Looking at the AUD/USD pair on the 4 hour time frame, we're trading a bearish trend continuation trade to the downside and with strong USD figures coming through, we're looking to line up with a good entry point around this...
VIDEO: www.youtube.com Please watch the above video for today's and this weeks trades. Best of luck today in your trades and let's keep an eye on this bearish cypher pattern together. Star Prosper Philip Stewart
Hello traders, I'm looking at the EUR/GBP chart on the 4 hour time frame, but on the 15 minute, we've had a nice simple double top / 2618 setup. At the same time we have a trend continuation move and a 618% retracement from our swing high to swing low right where the double top has formed. We have taken the opportunity to short the market with stops and targets...
VIDEO: www.youtube.com As promised, here is the EUR/AUD 4 hour trade that was entered today. Video about the trade is viewable above. Star Prosper Philip Stewart
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
Also looking at the EUR/CAD pair on the 4 hour time frame, we have a potential bearish cypher pattern to trade as well. I've been watching this for quite some time and we might not get a pop up into 1.40503, but IF we do, we will have a D-LEG completion ready to trade the EURO bearish movement. I thought I'd still share my insights and analysis, for those...