On a breakdown on the daily, ill be shorting 10 year bonds. High on all the higher timeframes.
Weekly: - Cant find the bottom of the 6M ATR Daily: - Bullish Divergence. 2 year parabolic up trends dont end in a matter of weeks, these things take time, I'm playing for a flat market or a continuation of the trend from this point.
Peak dollar, been getting long the EURUSD pair. Updated my *Daily* chart with some trend line projections drawn as objectively as possible.
As noted last week I'm watching the dollar for the short position trade, I'm going to put on an entry here off the daily. Quarterly: - 10 year down trend turning into a flat market. Monthly: - Basically a year and a half of straight down with no healthy correction to speak of. - 500 pips from 2 year average. Weekly: - 3 pushes overshooting the original trend....
I think a failure test trade (Adam Grimes) will set up before ahead and shoulders or before we get a total breakdown and trend change. Im picking tops with tight stops and lock in profits aggressively on the daily. Stay Disciplined ya'll. Write your emotions down, don't trade them.
Adding to our positions here, our original buys were in the low 1.40's earlier in the year.
I've been watching China stocks for years, I think Alibaba is a good value here. Check out that weekly chart, prices no longer able to touch the bottom of the range. I'll be buying the close of this weeks candle if it stays looking like this. This Friday marks the close of the day, week, month, and quarter. So some big technical closes coming up.
While I expect to see some below 5 year average prices in the medium term, I think theres some short term upside potential here before further downside, I like this monthly chart. This Friday closes the D,W,M,Q.
I've been steady buying here and a couple other select stocks on the swing lows since summer, looking to continue accumulating here, see my previous posts, all still apply.
Fundamentals/ Intermarket: - Stocks entering a hawkish environment, tech stocks are by and large high. - Crypto market is in a bear market, see my recent posts. Technicals: Quarterly: - Still very high here. Im looking at price support and the 5 year average here, 150ish. Monthly: - Sitting close to the 24 month average here, but the market still looks high...
We have had an amazing commodity run for 2 years, fundamentals are pointing every which way for individual ag coms, as they often do at turning points In the group. BUT the charts are always objective (if your reading them right,) but thats why were here right? Quarterly: - Hovering at 15 year highs. Resistance? Time will tell. Monthly: - This most recent high...
I just watched a documentary last night called 'Blue Gold: World Water Wars.' I must say, very revealing 90 minutes of multiple perspectives on the growing water crisis. The one key point I took from it is that GE is the leader in desalination. Without the hypocrisy of badmouthing civilization's consumption habits and general ways of life, because I play my...
This is the alternative harvest etf I watch as my cannabis index. Note on the Quarterly the market wasn't able to close below the 10 dollar mark. On the Monthly we are right at the price level we found strong enough demand to gain momentum for the major run up 2 years ago. On the Weekly we have a promising candlestick pattern. and on the daily were finding...
I've been calling this for months, I like it as an investment, I recommend getting into stock investments such as this 10-20 percent at a time over the course of months, accumulating a position, mimicking the style of large operators, and holding at least a year for tax purposes. This market is highly discounted and has plenty of upside potential, if you check the...
I'd like to see this at 92'00, I'd really load up there. Called this long the last time we were a this level recently as well. Fundamentally speaking, impending rate hikes. If you talk about Russia, its political fear, pay them no mind, thats what politicians do; fear and greed. Control risk & buy low/sell high
Fundamentals: - I like the Yen as a safe haven bet for stock investors. I think the Yen is over extended in its fall against the dollar, I suspect this has more upside risk than downside. Thus, I'm shorting the US Dollar against the Yen to implement this idea. Quarterly: - Top of its implied range. Monthly: - Largest up month since late 2016. - The last time...
Until the next bitcoin fork, theres no real fundamental reason to stay on the buy side of this market, and technically its still at euphoric highs, Quarterly: - As you can see were still extremely high in the price range and theres plenty of space between where we currently are and the mean. Monthly: - From this timeframe you can see the market is beginning to...
This is a technical analyst's dream, its beautiful. Quarterly: Last quarter just closed a clear shooting star candle at a pullback at price support following a 10 year plus bear trend. Monthly: The price acton in the last few months has found some demand at these levels. Weekly: Drew a trend line to highlight the breakout of the pullback that followed the...