During our "World Markets Review", a closed webinar held for the Elite Zone members only, we have discussed about several world indexes and the way that they are approaching the new trading year. India enters 2015 with a weekly bearish setup - A trading channel breakdown and a close below the 200 SMA line (weekly). What does it mean about the other relative...
With all the turmoil in the political scene of Hong Kong has anyone been watching the stock market there? Price is now in the vicinity of prior support/resistance and a failure to hold means price will fall another 9% to the next level of horizontal support. The current candle, incomplete as it is, is an bullish inverted hammer which needs confirmation. Without...
Today we purchased 2 long Calls at strike 22, expiring Feb 20, 2015 at a limit price of $0.55 ea. Although we expected a year end rally the market demonstrated excessive weakness. In order to hedge our portfolio we entered a position that should profit from further market weakness. Frankly we hope that this hedge fails to materialize which would mean that our...
The over all market remains strong. The NFP number is out on Friday and could pop us into the 2100 area. For now the path of least resistance is up. Be smart with your risk.
Hello Traders The past few weeks have been very bullish. We have bounced off of the long term uptrend line 3 times now, thus confirming an uptrend. RSI is looking very bullish too, resembling the market at the end of May prior to the massive push to $690 In terms of fundamental analysis well that couldn't be better! The silk road 2.0 auction of the DRP stash...
Oil has been trounced, major decline since Jun 2014. Almost 40% has been wiped out because of OPEC being little kids and not controlling supply. Possible reasons are to combat the EV and solar industries. Anyway, ETF is close to the retracement point, I have an alert for 46.8 and will go long when a few factors like OPEC readjusting their stance on oil price as...
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally. With bullish sentiment at 96% per www.sentimenttiming.com some type of pullback is expected. Good luck
Bit misleading headline - absolute 2008 support is to be reached...but it is quite close to it. With this the ETF traded with the highest ever volume for 2 weeks now. The price formed a small bottom for the moment not only on the weekly, but daily and monthly charts as well. It is still a risky trade, but the following points make it an attractive trade 1) The...
Gold miners stocks seem to be extremely undervalued. Some technicals indicate the bear market is going to an end, as gold stocks approach the lower edge of the 3-year PnF channel and they are about to bounce.
USO has sky dived from $120 (off the chart), on July 2008, to as low as $23 in Feb 2009, signaling a very clear bearish trend. However from July 2009 until now, price has been consolidating sideways between $42 and $30, from July 2009 to June 2012. Subsequently, the sideways range narrowed to $39.40 and $30, from June 2012 up till now. All in all this sideways...
BUY SPY 197 STOP 196 TARGET 200 I have always seen neckline do magic. One can buy at 197 while placing stops below 196. Small stops and good gain trade. SP CapitalTA
Egypt Index ETF Market Vectors (EGPT) weekly chart suggests a very bullish scenario for the market. Let's take a walk along its history first to draw a vivid picture of its future. The index declined sharply after its inception due to political turmoil in Egypt, moving from approximately 90.00 to 37.00. Then a rebound to 64.00 followed by another decline to...
My prior chart mentioned the possibility of a short term sell off creating a "buy the dip" moment in $TLT and here it is. There is no sign that the rally in treasuries is abating. Interesting to watch stocks and bonds rally together - who will fail first?
The failed harami reversal signal teaches us that a failed signal is as valuable as a validated one! Price has broken support as is falling in a sharp pitchfork to the next support level.
With a hanging man candlestick pattern failing to develop and SPY once again overbought its do or die for the market bears. Price is now in the vicinity of prior resistance and in position to rally to the uptrending upper parallel of this pitchfork. I need to see one more big push and I will most likely be getting long on SPY
EGPT is looking strong on the weekly chart with a breakout of from recent consolidation. A similar breakout at the beginning of this year lead higher with strong momentum. Similar pattern showing this breakout on strength. Measured move of the recent consolidation measures about $8. Takes the target right into the $81.50 Gap. Stop is under last weeks lows which...
TQQQ broke through the two previously established levels of support and past our focus line, we're hoping for some more weakness before the getting in for the bounce.