SouthFutures

SouthFutures Updated 

$CHK. This set up is very similar to the other Idea of mine with $SLCA. As you can see, the price recently pulled off of its downtrend along the BB, and traded very close to the recent 52 week low. We experienced some strength today since the low set yesterday, but to feel comfortable with this trade I also would like to see it move through the 21 day MA. The RSI...

SouthFutures Updated 

I bought this stock for various reasons. First the stock has seen pressure since reaching its recent high of $18.72 on April 23rd. Last week it got close to touching its 52 week low of $9.30. This was a point of buying interest for me as I believe the stock was oversold and is due for another run in the right direction. The stock was selling off and riding along...

SouthFutures Updated 

This stock came across my scanner and I like this trade setup for a long play on the breakout, target would be $30-$30.30. If price falls below the lower support, trade would be void. Lets see how this idea plays out. Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the...

SouthFutures Updated 

AEO came across the scanner tonight and I like the look of the set up. I am watching for a possible breakout to the upside, with a target of $22.14-$22.45. Another setup to watch closely. If the price falls below the lower support line than the trade Idea is void. Lets see where this one goes. Everything here is purely my opinion, and in no way advice or...

SouthFutures Updated 

Nothing too crazy here, just NASDAQ:MIK making a fresh new 52wk low while showing some bullish divergence. For study purposes i would be long this stock for a short bounce. lets see where it goes Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze. Cheers, Les

SouthFutures Updated 

two cases of clear bullish divergence here on the 60 min chart. new contract low was made during the last session. I expect some short covering into the beginning of the week, a bounce off the lows signaled by the bullish divergence is possible. I could also see some further pressure occur until the bounce materializes Everything here is purely my opinion, and...

SouthFutures Updated 

Looking at the continuous gold futures chart, there is some clear bearish divergence happening between the price making new highs and the RSI simultaneously making new lows. I am not trading gold, but this is a good opportunity to see how the price reacts when it reaches the upper resistance (if it makes it that far). In my opinion the divergence is a sign that...

SouthFutures Updated 

Today I am looking at SX2019. This chart looks awful similar to a rising wedge continuation pattern. With the export problem, and the amount of beans we have in the U.S., I wouldn't doubt this is possible. This idea is for chart pattern purposes only. Lets see where it goes. Everything here is purely my opinion, and in no way advice or recommendations on making...

SouthFutures Updated 

What is going to happen with ag commodity futures in the coming months. Where are we going? We are getting closer to the ever so important growing season in the United States, and ag futures have been stuck in a rut. Specifically corn. February 8th, the USDA released another one of their important reports and traders saw a decrease in stocks/yield as well as...

SouthFutures Updated 

Looking at the July Wheat futures ZWN2019 , the price bounced off of support yesterday and experienced some follow through buying for a higher close today. For analysis purposes, I would call this a long play with a target set for the $5.35 price range. Couple of things I like looking at this chart is the positive trending RSI as well as the solid bounce off of...