STLD's chart is massively bullish, the same as copper, iron ore futures, AUDUSD, and other correlated instruments. The setup here confirmed some time ago, but it's relevant as an analysis piece now. Most people are bearish on equities but I believe we're seeing the bottom here, or very close. Rising commodity prices seem likely going forward as well, which will...
The Gold/Silver ratio shows an interesting setup here, and correlation to inverted SPX, which points to the nature of the ratio's movement tied to risk off/on phases. This has to do with the real world applications silver has as an industrial metal, compared to gold's function as a store of value and risk off protection. I think we can see a long term decline,...
The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making. This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here. I don't personally use it for trading decisions, but it's certainly visible,...
I think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here. The entry is very tactical, a perfect technical setup, paired with bad fundamentals for...
STWD has a very promising setup here, you can go long at market, risking 2% of your capital for a longer term position, or risking 0.5% with 90 cent risk per share. Good luck! Ivan Labrie.
Great buying opportunity in this pair. Its high yield makes it attractive for risk on positions. You can go long at market or on dips, with stops under 0.7406, hold it until it breaks the recent highs at least. Good luck, Ivan Labrie.
Bearish momentum during last week must fade before we safely long the dollar again. It might take some time to shake off the bears here, but the election might play its part, making next week be a battle between the current bears in control, and the bulls. The high of the Brexit day might prove to hold the selling, specially confirmed if we don't see any weekly...
GBPAUD is about to trigger a downtrend signal in the daily chart, and has an active weekly downtrend, with 5 weeks more of proyected downside. The weekly target sits at 1.42355 as indicated on chart. If this pair continues to trend, we will most likely hit it, and then stall to form a consolidation before even more downside. Right now, we can either sell if we...
We're long USDNOK, here we can expect a sizeable rally, as long as we don't go under 8.1818 anytime soon. Target is around 8.41 give or take, to be hit within 2 weeks roughly. Keep risk between 0.5% and 2% max. Good luck if taking it, Ivan Labrie.
We have an interesting setup here, but it's not for the faint of heart. Risk is big in the Pound pairs, so only risk 0.5% on the long here. The spread with USDJPY might close soon, so you might have sizeable upside in this pair. Invalidation is a move back under last week's open for this trade idea. Good luck, Ivan Labrie. ps: I'm still unsure of the GBPUSD...
We have an interesting setup in GBPUSD. The loss of momentum in the rally leads to a viable short setup, either at market open, risking a rally to 1.2624, or shorting on a new daily low, risking a new daily high. I expect the next leg to go down, but I'm not sure if we can trend down right away. It's more likely going to chop and gyrate between key levels until...
I have been posting about how bullish the USDJPY pair is, and how this aligns with inflows coming to the US, from foreign countries, ergo, deleveraging phase from August 2015 is done and we can resume the uptrend here, and possibly in equities. You should be long, if not in, you may jump in right here, risking 1-3 average ranges down, or a drop under the...
We have an interesting pattern, going back to the 1996 elections. I overlay the one year inflation adjusted returns of the dollar, S&P500, gold and 30 year treasury yields. I see some paralells regarding price action, and would be interesting to see if we get a similar situation going forward. This is just an observation and what I think is likely to happen based...
I'm monitoring the daily chart in BTC. We have a new fundamental key level to add to our arsenal. We need to see bulls form a daily low, that on close, sits above the 4828.24 mark asap, to signal that the capital controls news isn't killing the rally. This might take a couple days. For the time being I'm holding a 15% long position in BTC, and looking to trade...
GPRO is currently correcting the recent advance, pulling back to support where we can go long, aiming to capture a rapid move to the upside after earnings are out. I'm sure the HERO5 listing problems with AMZN will be resolved soon, restoring investors' confidence in the company's revenue. (AMZN sales correspond to 14% of the company's profit) Risking 0.5-1% here...
HPQ traced a quarterly time at mode trend signal, with two possible long term targets: 26.31 and 29.59. Right now we're at a significant earnings support level, so we can go long risking $1 per share. I wouldn't use a stop loss here. Alternatively, you can size this trade as a long term position, entering gradually over a few days, investing 1-2% of your capital...
As I outlined in my futures chart, we have entered longs once again in oil near yesterday's close. If we keep trucking, we will confirm my analysis, and probably resume the longer term 'Time at mode' uptrend signal spotted in this chart. It not long, you can jump in, although not optimal, risk is still small. Yo be extra safe, you could wait for today's close, and...
Silver has traced a bullish uptrend signal here, we're already long as per previous publications, and also long miners. We look for a rally to emerge from here and reach our target zone close to 19-20 in the coming weeks. If not long you may jump in now, risking a drop under 17.52 or 17.345. You can also add to longs as long as reaching a total risk of 1%-2%...