The chart above shows assorted real estate stocks, they aren't cherry picked and were random (except RAIT Financial), but you can see the trend. Get the hell out of real estate. Seriously if you have any real estate or RAIT stocks it is a great time to sell. This housing market has gone nuts from the years of 0%. Rental vacancy rates are at a 30 year low and...
Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :) The base range is the distance from the highest point of the range to our marked low point. We then take this same distance to determine the potential size of the breakout Note how close USD/JPY came to reaching this potential level in my experience...
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out! This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top...
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat...
I'm short $FB with $89 puts that expire in few weeks, $87.5 puts that expire in August and whole assortment of other FB puts. IMO this is like trading with inside information, the news is available, but hidden well in Facebooks last 10K filing in January 2015. FB says " We are being examined by the IRS" in that filing. They also say "We are unable to estimate...
FB has hit resistance at $83. Three times was not a charm for $FB as it could not close above $83. The daily stochastic indicates a sell today. My favorite indicator at present is the Aroon up, I use it to indicate tops in FB when it hit 100. It did hit 100 on Thursday and went lower on Friday. When it hits 0 in about 15 days, I expect FB to between $74 and $77....
$GPRO We cleared some key levels but a bigger move is coming. Notice the key levels we have passed and every time it has lead us to the next key point. I have made a killing the past 3 days trading the weekly OTM calls. I still have calls expiring Friday and calls expiring 1/2/15. I also grabbed 10 of the 1/17/15 $50 puts for $.43 just before the close today. ...
Gopro (NASDAQ: $GPRO) is down 28% since hitting a peak in the first week of October. A lock up withdrawal of 5.8M to start a charity was a signal that more "downside" was to come. On December 23, just about every share remaining in the lock up (borrowed money) will be made public, thus flooding the market with supply; driving the price down even further. Lean...
Idea is simple: 1. Wait for market to recover to 1.7116 - 23 2. Buy September Put Options with a strike of 1.70 (personal preference) 3. Wait Rules: 1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position. Why am I using options?: 1. Risk is fixed. 2. Greater leverage because we are expecting a SHARP selloff from...
Yahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at...
The gold sector has been rather sanguine of late and considering the lack luster performance of the underlying, that sector under performance is understandable. I believe there are areas within the gold space that are starting to offer 'value' investors some very interesting propositions. The great part of 'value' investing is we are often presented ideas when...