The China crisis has the world's markets in panic mode. Stocks had the worst first week in history. Currencies are tumultuous and volatile. Its difficult to endorse the Euro for anything more than short term swing trades at best due to their own problems. Commodity currencies are sure to tank, and stocks are too volatile lately in my opinion. One good idea...
With the China crash still fresh on everyone's minds its time to ask if the Renminbi has bottomed out or if there is still room to crash. Based on the link attached, there seems to be the potential for a lot more bad debt that China is trying to avoid confronting, and probably couldn't even account for if they tried. On the technical side, note the massive...
With US market deeply os, bounce expected. Target (nearest one) - by arrow. BUT longer time frame - still BEARISH
Even though DOW has not finished sliding, bounce is ahead... (support at least) Globex session: www.facebook.com
Following logic from my linked post on Commodity Currencies such as the AUD, we can expect attention on the Euro as a safeguard. In fact, EURUSD is picking up as I write this post. At this point, I'd wait for a dip entering a trade, as a brief retracement is inevitable. However the MACD indicates a bullish turn, the OBV is showing increased bullish pressure and...
As we all know by now, the Chinese markets were only open 14 minutes before a crushing 7% loss tripped safeguards. Recently, news came out to the effect that we can expect a further devaluation of their currency. This will hurt commodity currencies like AUD. In fact, its slipping as I'm writing this. My short position is bolstered by massive pressure from...
We hit local support on Globex. Here is update - going up (inevitable) into Res. (50% level) www.facebook.com
Euro hit 50% level, where it bounced from. Short will come if/when we see that level is broken. Then, and only then - sell short to .618 Video with explanations: www.youtube.com
My thoughts for this trade This Pair is looking very bullish at the moment. -A couple of Long term (Weekly) Fibonacci -Monthly, Weekly and Daily MA's bullish (My MA's of course) -Daily Break retest and continuation of 1.5000 Monthly Res level. Price ready for entry with liberal stop. I Will see how market opens and potentially wait for price to enter a better...
Pullback and UP till .786 Video: Canadian Dollar Chart Evaluation on Bigger Time Frame (Weekly chart) 12.25.2015 www.youtube.com
A variety of technical indicators coupled with the Fed's recent rate rise may suggest a bearish outlook on the S&P 500. Note the gap up on 12/15 only to be followed by a gap down two days later, from which SPY was never able to recover. We also see tremendous pressure from above via the Ichimoku Cloud, but lots of room to fall from below. The MACD/RSI combo...
While the Fed is boasting good data supporting rate hikes, they neglect to mention the fact that 51% of Americans make less than $30K a year, or that they work more hours than any country in the world. Something else they focus on are broad market indices for which the top 500 companies carry the slack of the smaller cap companies which are feeling the weight of...
Largely a function of what crude oil is doing, the Canadian dollar simply cant keep up, even despite the rally in crude earlier today. Further, weak jobs data does not help. Although we have a nice 0.7403, the slope of the upper bounds steepens indicating the bears are awake. Also, there is a "dark cloud cover" candlestick pattern indicating a level was tested...
Following the IMF's decision to add the Yuan to the SDR bucket. Fundamentally, this will imply a rush to stock up. Many central banks keep a reserve supply of other currencies, commodities, etc, with an emphasis on SDR's. This fact, coupled with the dollars eventual deceleration come an interest rate decision in December could imply that CNHUSD will be a good...
The bullish run for the markets appears to be slowing especially as the impending interest rate hike gets becomes more of a reality. Some bearish signs are especially prevalent for QQQ, as we see a relative vacuum area from below and lots of room before we hit any resistance from the Ichimoku cloud. Moreover, the RSI, MACD and OBV all indicate an unfortunate...
BTCUSD looks like it might rally here shortly. We see some strong resistance from below via the Ichimoku cloud. The OBV indicates strong buying pressure still. The MACD and RSI are right in the 'sweet spot'. Moreover, we have somewhat higher lows and a double bottom formation. The Fibonacci retracement indicates some nice profit targets, otherwise we can use...
AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however. Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...