Despite the Russia-Ukraine war, despite inflation being at record highs, the DXY making a new high since 2015-2016, the bond market being in its largest bear market and with equities down 20-30%, the VIX hasn't really spiked yet. So far volatility has been contained and every time the VIX would get overbought at 35 or above, it would slowly get back down. However...
Review of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher. The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises...
Bearish structure within a bearish structure.. going with bearish on this one. Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro. Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"? I don't know, but price looks...
If you bought this pair when I first featured it here, you have made money. If you were leveraged 50:1 - which - often is the case in forex, you have likely returned more (% returned) in this trade than what you can expect in three years of investing in a vanilla benchmark-tracking 401K. I remain long USDCNH and will continue to cover it for the foreseeable...
The current mid-term bearish trend of international equity markets could end in a big upward rebound, or in the start of a correction. The coming weeks will be completely decisive.
US markets rallied in the last hour to move from negative to positive territory ahead of the FOMC statement on inflation and interest rates. Gold took a beating as Gold and inflation bulls shake their heads. The USD continued to hover around highs which I expect will be the same theme for the coming few sessions before the FOMC meeting. Traders remain mixed with...
Nifty has been around in a range since last 10 trading sessions but during that it has respected 200 day average perfectly around 17200 level. It has closed at or below 200 day average for 9 sessions out of last 10 . For a technical breakout , its a guideline that we should sustain for two consecutive days on closing basis above breakout level for a confirmation...
Nice and simple view of BTC rn. a nice pennant forming, and range remains unbroken. lose this area though and 30k gulag time. Markets all round are a bit all over the place, so very interested to see direction of market.
In the event that this chart breaks $13,000 and proceeds to consolidate below $13K, I would be more convinced of a deeper selloff. That is not to say that it couldn't just collapse to $10k without any kind of subsequent bearish structure; it definitely could. That said, we also see price caught "awkwardly" between the top of a longer term 12-Year structure, and...
Taking a risk here with USDCAD to the long side, as it looks like a great risk-reward setup. This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that...
My bias for crypto remains to the short side. Normally I don't look at charts with such a dramatic orientation; however, if there is a chance at all that this orientation is later validated as THE top, that would be enough for me to remain short. Right now, bitcoin is barely hanging on in what is a fairly textbook bear-flag. Be well!
Traders, Let's take a look at the charts after this bloody day in the U.S. markets. - Stewdam.us
Looks like there is such a thing as bad publicity. $DIS barely hanging on. I think anything above $150.00 is a fairly safe place to short the Disney stock. While I have not entered a short position yet, I am considering it and I will update this chart when I do it. How deep? I think this thing can easily lose another 50% - 60%. We will watch ! God Bless!
Bought USDCNH. This position is consistent with my bullish $USD thesis. Chart shows it is a good risk-reward. Macro backdrop supports it. God Bless! Chief
I mentioned recently on twitter that I am long USDJPY. Not much to say about the dollar, other than it looks like it wants to break out to the upside. Additionally, the macroeconomic tailwinds support a bullish dollar thesis in a couple of ways: 1. The Federal Reserve has been very transparent about their intention to continue to raise interest rates through...
Good Afternoon Traders, I hope all of you are having a great holiday and were able to benefit from my previous predictions, which turned out to be pretty close to perfect. Today, I'd like to make another prediction. We're still in a Ranging Market. It looks like it will only last another few weeks, but who knows, really. I've created 2 new prediction range...
USDJPY looks to be on fire. I am long and looking to test the $145.00 area.
EURGBP is now entering a support zone that's withstood since 2017.. range has yet to be broken.