Calling the 40. Trend is your friend, momentum started up for WTI today as new EIA drilling report show increased production, rigs and overall efficiency.
Silver with a huge drop came out of a 30-40 day equilibrium ratio level. Could be continuing because ratio spreads are not stationary but I'd rather speculate against that. LONG XAGUSD, SHORT XAUUSD to make the spread. Ignore the stoploss they were default.
Russia Stocks plummet as another news piece shocks the market. #MH17
Fundamentals are great for this company, panic ensues after CFO quits. Cheap now to buy buy buy
Using RSI correlation with prices, we can detect bearish/bullish divergences and overall hint at soon big price movements. here i use a 20 minute meaning it compares the correlation within the last month.
Tomorrow's CPI have high expectations which I think it will not meet. Using a OLS regression model, I believe the CPI will actually decline around 0.1% to 0% which is less than forecast on forexfactory. Bullish divergence on RSI, MACD might crossover, profit target at the 200 EMA level
Bearish divergence oversold indicator tested the major resistance zone and was denied Shorting this one
If broke through, next target is Resistance 2 before heavier retracement
Not expecting it to play out perfectly but my last wave may hold some weight if it gets to that point
Improved version of old GPS on AAPL. See the in-text for more info on how to trade with it.
I was just toying around today with the PINE scripts and wanted to see if I can improve the existing Bollinger Bands by making the lower band more support than the traditional squeeze & break. Here's what I came up with and I put up an example of trading opportunities in $AAPL.
#OleOle #Bullfighting #ElliotOscillator #LovePINE