Brandon50115

Brandon50115

The EUR/USD pair has broken down below a steep trendline. This morning, the euro area's retail sales were down .5 percent MoM. I believe this is going to fuel a move down on the pair and we can continue to see the pair trend down as the dollar strengthens and the euro area's economy slows a bit. I think we can see levels all they way down to 1.14 over the first...

Brandon50115

Recently, I have been trading auto manufactures, steel and home building materials. We've looked at GM and LPX. They received a boost from the September hurricanes. Here's another one, Ford. We see a rally and higher high on heavier volume yesterday. RSI is showing good strength. Looking at its Renko chart, there appears to be price resistance at 12.64. News...

Brandon50115

When cars and homes were destroyed, those industries got a boost. LPX makes wood-panel sidings for homes and saw a 15% increase. Auto makers like GM saw a large increase as well this past month. Is it coming to an end for GM? Can it go higher? Is a good entry in sight? I believe so. The trend angle increased, representing strength, and the price action in terms...

Brandon50115

Aside from the expected strong Q4 earnings, due to the hurricaines, we should see LPX fall 9% to 25.11. This current rally isn't doing well, showing a small 3-day consolidation, ATR oscillator confirms a weakening in range after a strong move (range strengthened) down. RSI found support at around 51, this is rather bullish, however price action gives too many...

Brandon50115

There has been a lot of talk about the EUR/USD pair, especially with its technical break down from it's short-term channel up. Let's take a quick look from another prospective to show support for the break down. Daily RSI has been falling, yet the pair has grown stronger during this time period. RSI is also beginning to range from 40-60, a bearish sign. A chart...

Brandon50115

To start off with some context, the previous upper cycle, peak to peak, was 7 years. This cycle has lasted 10 years, roughly. We can then expect an obvious deeper recession. The last one was roughly 2 years long. But when? The market keeps expanding, the dollar has become stronger, oil is getting cheaper, and manufacturing is up. All the fundamentals look pretty...

Brandon50115 Updated 

Reaching previous medium level cycle high of 4.15 Also a Higher level cycle low back in late 2015 of $1 Above 34M ma Previous higher level cycle high of around $25 Short-term target of 4.15 Long-term target of 25 Fundamentals: P/E 13.45 Current Ratio 2.20 EPS projected NY growth 181% Optimism: less than 2% short interest Positive news building on the way up Steel...

Brandon50115

Let's take a look at oil. Big news going on. First, the technicals. Oil is trying to push past resistance at 51.99 and is coming off of a 4-year decline in price. RSI is showing average strength at this point (around 53). This, alone, tells me that we will see oil drop to at least 45.32 in the near future. Now, on to the fundamentals. OPEC is going to increase...

Brandon50115

Take a look at this chart for LPX, a company that makes wood panel siding for homes. It has a market cap of around 4 billion, a P/E of 15.32 and its earnings have grown 271% this year. We are currently in a clear up-trend. The hurricanes have created demand for this company, giving it support for a mid-term move higher over the next quarter. For now, look to buy...

Brandon50115

See this chart for the weekly divergence: A lot of talk about buying bitcoin. I see a different story developing. RSI resistance levels are falling on each rally up, suggesting that we are running out of steam. Volume, too, fell on this previous rally up to 4958, causing a divergence. On its daily chart, bitcoin failed to make a new high on 09/07, RSI was...

Brandon50115

This week could determine the direction of SID. SID finished the previous week bouncing off of its 34 week MA and support. Although it is falling off of a lower high, a break above 3.46 would be very positive. The daily chart shows a strong uptrend with SID finding support at its 34 day MA. The daily price is also coming off of a new high with strong relative...

Brandon50115

Hey guys, I'm new to this and new to this site. I wanted to hear from you more experienced folks, why did a correlation exist between oil and the S&P between 2012-2014 but doesn't seem to exist now? Would it be fair to say that we can expect the S&P to drop when oil shows signs of rising, like breaking out of its current trading range? Thanks!

Brandon50115

ENBL reached a new high on the break out from a double bottom. RSI was pushed over 70. If support is found while RSI only pushed down around 55-65, I think this is a good buy situation. There was also heavy volume on the break above 15.98, indication of a strong break out.

Brandon50115

Apple has broken support at 154.12. RSI ranging from 30-43, very bearish. Recent rally to 154.27 only pushed RSI to 43. Projecting a short target of 147.45. What do you guys think?