schmidtke_jake

schmidtke_jake

Look like Chinese names are improving since the news that talks will continue between US and China. I'd be looking for the test of the 38.2% resistance on the fib retracement before it pulls back again, longer term the chart is looking dangerous. It seems to have broke its uptrend from last earnings with a gap down back at the beginning of August. will be...

schmidtke_jake

My first attempt at charting bitcoin, so i see the 15 min lining up with the time cycles and all i'm watching is to see that break of the red line.

schmidtke_jake

bad data today was release that cause the trend to reverse would be looking for the that 38.2% fib retrace to next area of supply, see if demand picks up there or it will fall further.

schmidtke_jake

Watching it on two hour chart seems like today's action was centered around where it close up at around. Trend is still up as it broke up out of an ascending triangle on the weekly chart. I still think pot stocks are in a bubble and they will continue to go higher in price. For options traders it has already breached it's expected move for the week, with the...

schmidtke_jake

LIKE THE SET UP OF THE CHART LINING UP WITH THE TIME CYCLES.

schmidtke_jake

So that gbp/jpy short worked really well last time and i am expected it to weaken again here looking at support for further down at tthe 23.6% fib retracement from the highs on july 31st to support from august 10 -15th. Right now the 38.2% fib is holding, would expect it to bounce back up to that horizontal red line an drop back down break the 23.6% and could be...

schmidtke_jake

-Monday=Markets reacted to Fed governor Jerome Powell's speech on Friday which knocked the USD lower. SPX makes a new high. While political turmoil in the Australian govt weaken the AUD but the recovered towards the end of the trading week -Emerging markets currencies were pretty weak last week with majority of them plus one percent -WSJ reports issues on...

schmidtke_jake Updated 

saw the reversal candle on the 30 min, but came down to a double bottom. Now it is taking off..Question for the RBA what the hell are they doing? Won't be seeing an interest rate hike until 2019. Housing bubble around the corner for them, and if the UK can at least flame the worries of a hard brexit should see this pair rise.

schmidtke_jake

Well California approved a bill to raise utility bills for its citizens to protect PCG from bankruptcy due to all the lawsuits against them for being liable for 12 wildfires. Looks like it breaks this resistance look for it to fill more of that gap. But one thing with upcoming elections must be watch if any candidates gets in to try to change this legislation...

schmidtke_jake

The way I see it is this is going to fall on earnings. Will think big boys will try to take it down to flush out the weak hands after hours. IMO i can also see pot stocks starting the move of bubble type bull run.

schmidtke_jake

New format figured i would split up the economic news from stocks news into two charts. Will post economic news on the EURUSD charts while stock news on the SPY charts. This is in order to cut down on space used up in the charts. ...

schmidtke_jake

Turkey economy in the news for good portion of the week, end of week got better as US and China agree to meet back at the bargaining table. Dow Jones the leader this week up 1.41% followed by SPX up .59% while Nasdaq lag the trend down -.29%. Small caps RUT eek out a gain up .36% for the week. ...

schmidtke_jake

Could go either way maybe break the 7 level who knows. One thing is this is not a good sign for Turkey's economy the dollar getting so high or could it be worse for the US dollar longer term? Will be on watch next week, but not sure if it will get more volatile. Could it be if other currencies move as well other emerging markets. usdcnh or usdzar maybe India...

schmidtke_jake

Not showing it on this chart but monthly clearly shows double top pattern that trap a lot of bull on its recovery from GFC to the end of QE, well supposedly around the time the Fed was thought to end its easy money policy. Yes it can be debated about a when where and how would be achieve by the Federal Reserve. Charts are setting up beautiful, trade headlines...

schmidtke_jake

I feel this company has a good future and agree with their focus on expanding their logistics to bring better services to their clients. Without a good logistics group the system will fall apart. I would be looking for a similar pattern of a double bottom it had from April to Early June. Could last a bit longer this time as earnings are set for sometime in November.

schmidtke_jake

Looking for it to pull back to its previously resistance area. Careful though does come with merger risk as Uncle Carl appears to fight a losing battle to stop the merger between $CI and $ESRX.

schmidtke_jake

Turkish Lira falls had global currencies spook and more tit for tat tariffs were announced this time by China. Inflation data also weigh on currencies while Saudi kingdom announced freezing investment with Canada. www.reuters.com www.cnbc.com www.cnbc.com

schmidtke_jake

strength in drug names, $ENDP up 20% after EPS $MNK another one that gap up on EPS. Looking for $BMY to top out at the 63 level a short term 5% move. Hope for the best prepare for the worst.