Audacity618

Audacity618

If you think we are in for more market headline risk, I would start looking at some long volatility etfs like TVIX, VIXY, VXX, UVXY that can provide upside during spikes in sp500 option premium. I think the market is a little too calm for some of the market headline risk we still exhibit with ongoing trade war, brexit, and now impeachment.

Audacity618

SP500 looks weak with uncertainty in the latest trade war developments. The Psar is signaling a bearish rollover as the SP500 is under the 20 day ema with divergence in RSI.

Audacity618 Updated 

Technical Confluence: -Stochastic stretch -5% envelope resistance -Long term downward trend line resistance -Long term horizontal trend line resistance

Audacity618 Updated 

The Fed could spike gold prices if there are hints that 3 rate cuts are likely this year. I would expect the US to follow the ECB with a rate cut and reassuring market that they will cut more if data shows more weakness. However, Powell has been hawkish and cautious of unwinding previous rate hikes in prior Fed minutes.

Audacity618

I've posted quite a few short trade opportunities lately, but this one is a bullish setup. With any new post-IPO there can be opportunity to take advantage of wild swings in the first couple months of trading. LYFT (like UBER) went straight into the doghouse with wider than expected losses for the newly minted stock. It's trading ~50% lower than it's all time...

Audacity618

Post-IPO Beyond Meat is losing steam here as trader's grip with reality of fake meat market share size and the caution of sell warnings from analysts. From a technical outlook, a head and shoulders pattern doesn't get more textbook than what we are seeing now. The right shoulder could accelerate downward from here as the reliable daily psar trigger flashes a sell....

Audacity618 Updated 

I like spotting a good hanging man after a parabolic run. Roku has been on a bull run with robust growth prospects in OTT, launching new products, and analyst upgrades. Personally think it's way overdone and price is higher than most analysts have it. Shorting a parabolic run is dangerous but can be rewarding as pull backs can be fast and profitable.

Audacity618

The weekly candlewick from Monday's reversal is sending a bearish signal to gold. This comes after Trump and China decide to continue trade talks given the escalation over the last month. I see gold retracing back under $1500 an ounce from profit taking and technical sell signals. Looking for CCI to get back under 100 to send another sell signal wave. This log...

Audacity618

Spikes in treasury prices as long term rates fall off a cliff sets up an interesting contrarian trade opportunity. The entry to short treasuries here with options (short term: put debit spread or call credit spreads) look appetizing at near all time highs. RSI combined with trend lines offer a technical calculation of "top". Trade at your risk, I'm currently short...

Audacity618

Similar W pattern breakdown similar to late 2018 looks like a an opportunity to fade the market. Until the china trade deal has more optimistic outlook, I don't think there's still much appetite to push ATH even given the potential future rate cut news.

Audacity618

SPY , IWM , and QQQ all look over-extended. But I like that the QQQ is the most-overextended and looking to retrace back to base of $169.

Audacity618

Looking for DXY to sell off and provide a boost to precious metals. Goldman boosts gold forecast on 3/4 -> finance.yahoo.com

Audacity618

Momentum cannabis play overshooting generous analyst price targets ( most recent: GMP -> $18.27 on 2/05/19, CIBC -> $16.54 on 1/17/19, Eight Capital -> $12.03 on 1/08/19). Strongest of $MJ sector in 2019.

Audacity618

Price action is settling into the multi-month trend line after sideways and controlled price action. A down move in DXY would be beneficial here for gold.

Audacity618

Top of parallel channel swing (KISS). Interest rate sensitive sector XLRE overbought here. Relative to XLU (another dividend etf sensitive to interest rates), XLRE also showing overbought levels.

Audacity618

The laggard of the precious metals. Investors looking to profit from the possible move should consider buying April-dated futures contracts on the CME. Alternatively, try the Aberdeen Standard Physical Platinum Shares exchange-traded fund (ticker: PPLT), which holds bars of solid platinum. Platinum mining companies such as Impala Platinum Holdings (IMP.South...

Audacity618

Probably the worst market-sector hit with trade-war headline risk but has the most upside given current prices.

Audacity618 Updated 

Gold selling into support area where USD pressure has caused the commodity to drift lower continuously but without violent sell candles. position: Short dated In-the-money calls on GLD.