Predator Oil Share Trades (PRD) over sold scenario
we have gone done too far and could be looking at a trendline bounce. Give it a few days for the most recent news to digest before investors will be looking to re enter at these low levels.
Despite solid results last week as earnings season ramped up, investors have been shifting their focus to data releases with global economic growth beginning to show signs of fatigue while many countries, particularly in Asia that are struggling to curb the highly contagious Delta variant of the coronavirus. The spectre of elevated inflation, which the market has...
Looking for a reaction at 4330 if the market makes it to this price. At the moment there is too much public participation for me to stay long. We need a correction so watch the levels i have charted. I will buy again once i'm happy there is an increase of institutional buying.
The US Q2 earnings season kicks off next week for an update on the private sector recovery. Starting from Tuesday, big banks including JPMorgan Chase ($JPM), Goldman Sachs ($GS), Bank of America ($BOA), Wells Fargo ($WFC), Citigroup ($C) and Morgan Stanley ($MS) are due to report.
On the data front, Investors will also keep an eye on Fed Chair Powell semi-annual...
US Markets will be closed on Monday in observance of Independence Day. Investors will be waiting for the FOMC minutes due on Wednesday for further clarification on the next monetary policy steps after a hawkish shift prompted market turbulence last month.
Elsewhere, the European Central Bank (ECB) will also publish the minutes of its latest meeting, while China...
We have seen a very bullish move from the US500 lately, with the past 10 days seeing 9 bull candles, and the only bear daily candle at 18 points down in a 220 point tear creating new ATH's.
What Now? Is it time to short? Will this keep going higher? Is it risky to sell here?
The answer to all these questions in my opinion is Yes. In my view, it is time to short...
This is my view on this pair for the next few days
Double entry (wait for evidence after NY opening)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will...
The last sell trade landed and now a long trade is progressing.
Trade details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front...
The Federal Reserve sent ripples across financial markets after its Wednesday meeting, when it signaled that interest rate hikes could come sooner than expected. US Dollar jumped, indices fell and bond yields moved to imply higher short-term interest rates in the future.
An appearance by Fed Chair Jerome Powell before Congress on this Tuesday will be in focus as...
Here you can see a great analog for the Re-Accumulation After Decline argument for Bitcoin VS the Distribution structure.
You can see how S&P became over heated before suffering a sharp reaction and forming a new accumulation range before continuing on its bull run.
Despegar.com, Corp., its an online travel company that provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets,...
Since March 15th, BA has been struggling with a two month downtrend after a good 2020 price recuperation.
Its clear how the downtrend was loosing volume and strength with the pass of the days.
We can observe, a really good bounce on 220-225 price level (Previous key resistance) and a breakout of the midterm downtrend.
Still really far from 2018-2019 prices,...