I think $BABA likely bottoms around here, the 14 week down trend signal that predicted this decline reached its final week and price will gap down into long term support from the all time 25% speed line for the whole advance from the bottom to the top. Sentiment had reached critical levels for equities last week already, and there's a path out of this mess with...
I think we are about to experience a strong reflationary wave once again, we have crypto, commodities, equities, preparing to rally in a big way, and the Aussie-Yen forming a monster base. The setup here is to buy if price breaks out forming a larger range upside move vs the last daily true range (when measured from the last close to the upside). This would get my...
I think we have a decent trade with something between 3:1 and 5.28:1 RR here. I'm long here since the hourly is bottoming, and daily charts hit long term support, while being close to exhausting the last daily down trend signal that was active. Technically, this is a very strong mean reversion possibility and we have the backing of the Swiss National Bank which...
I think we have a low risk bottom signal here, it fits with my view of rotation back into growth names since the value stocks rally we had since the #PFE vaccine announcement. Today's CPI data gave investors some peace of mind it seems. I'm long growth and a few select equity ideas already, but a bond futures or #TLT options position might be a good proposition as...
There is a monthly and weekly uptrend in $WMT, and I like the reward and odds here vs the risk. I'm long using long term OTM call options here (June 2022 $165 calls), risking a palatable amount on call premium. Doing this, you can look into selling shorter duration calls periodically, or going short stock against the position to try and make the trade risk free....
I suspect it is a setup like back in Nov 2017 here, which is interesting as I was not anticipating this could happen based on overall data and sentiment, but it is what it is. The interesting part is this signal would more or less be in tandem with equities rallying until end of 2021 or mid 2022, perhaps with crypto topping sooner than that? I am a bit surprised...
If we get a breakout, we can go long $SUSHIUSDT here, with a decent reward to risk, signal could trigger during tomorrow onwards. I'll update it once it kicks in. Strictly technical trade here, I don't think it's justified to expect a longer term move in altcoins here, $BTCUSD's 2 week timeframe signal is a much better candidate for that, but we could get a short...
We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that...
This signal can end up nullifying a quarterly chart uptrend signal in $EURUSD, certainly interesting, massive coiled spring here. I'm keen on going long the dollar against weak currency pairs here. The $DXY trade itself isn't bad at all either. Market is in risk off mode so far, we had rising $VIX and $DXY while everything else was falling. Risk is 1.1% ish down...
I'm long $SPLK here, for a good while in fact, but the long term signals in this chart only popped recently. There's big potential upside here, as the company transitions into a more cloud based business model. Daily chart had flashed a bottom signal which we collectively picked at the Key Hidden Levels chatroom, and I've been trading on the long side since....
There's a big weekly down trend that had ran its course in pot stocks, and the daily chart is reversing here, odds are we can squeeze 10-11 times the risk if we go long here with a stop around 16.18, it is worth a shot with something between 0.25% and 2% risk in the trade. Up to you, how much you risk on it. I'm being conservative and sticking to a 0.25% max risk...
I think this can be a large scale reversal in $ATVI here, worth a punt. Load up the truck, best of luck. Cheers, Ivan Labrie.
I'm calling a bottom for this correction here, the market held support from Q2 earnings season, it is still trending up in the long term, even if in the short term we had a correction due to selling due to overreacting and misreading Fed minutes, into an illiquid market. I liked @timwest's analogy today: 'If you sell into an illiquid market, it's like diving into...
The daily trend had a bullish signal which I sadly overlooked and missed the move here, I still sit in cash, luckily I did cover my shorts near the very bottom. There is an interesting scenario setting up, everyone is once again complacent and bullish to the extreme, people are trading JPGs for millions, no one gives a damn about regulatory risks and everyone is...
By now, price has wiped out the 2 month timeframe range expansion stop loss area, basically retesting the yearly open price. People are now buying into YET another 'technical analysis' excuse for NOT selling and or buying into it on margin once again. This will keep going until the market bottoms. The reason bear markets are so annoying to trade is this, people...
The weekly Time@Mode trend signal here expired, signaling a potential reversal in the making. Price action was seen basing for weeks on end since the initial rapid decline stopped. Looks like price can stage a comeback and land on $214 or higher, or even new highs in the coming months. I'm long from around here, aiming for the blue arrow target, but potentially...
The way I see things we are about to have a face melting beta rally, with growth outperforming value again for the rest of the year and into Q1-Q2 2022 at least. $NFLX might be a good position to have, quite unloved for a long time, lagging the mega cap rally, and coming out of a nice base, weekly uptrend formed after the 9 week down trend signal expired last...
I like the setup in $PBF here, 35% upside at least from here vs a 14% downside risk. I'll keep an eye on the target zone, as this could move even higher over time, until the forecasted rally duration pans out. We had some great trades in this stock since the March 2020 bottom, last weekly signal panned out perfectly before, I think it will perform once...