Daniel.B

Daniel.B

Is Biotech headed back to retest YTD highs at $72.50? The potential is there after a bullish bounce at the 50 Moving Average. =) Trade Accordingly.

Daniel.B Updated 

Hello Traders, Wow, quite some moves happening in the market today. We finally have an over 1% daily move in the S&P ETF. I'm personally watching for a potential bounce at the 50 Moving Average and plan to initiate a bullish position by purchasing some call options. When price nears the moving average I will update on the expiration and strike I'm looking at....

Daniel.B Updated 

Hey Traders, Earlier this year AUD/NZD broke and traded strongly above the 200 Moving Average prompting a strong bullish run towards the year long resistance level of 1.076, where price paused for a few weeks before breaking out of the year long base it had formed. RSI readings currently read oversold, obviously. So What I would expect or wait for is a...

Daniel.B

Hello Traders, So the market did bounce at moving average support areas. The IWM has bounced at the 100 Moving Average which also happens to be horizontal support.

Daniel.B Updated 

Hello Traders, I am taking my first bite at my newest position. I have been stalking $WB for quite some time, wanting exposure to the Chinese "micro-blogging revolution". If you want the fundamentals by the numbers you'll just have to look it up on your own. But the foundation of my fundamental screening in equities is based off of earnings growth......

Daniel.B Updated 

Back at it again with the Mexican Peso. On Friday the Peso came in offered at the 100 Moving Average. Based off of the strong Bid today I'm once again in this LONG trade. Stop is placed at the 50% retracement. Trade is targeting the 21.5000 & 22.0000 area (Prev. ATH) What to do if I get stopped out: Sit aside with orders ready to buy at the 200 Moving...

Daniel.B Updated 

Markets remain quiet for the most part as it awaits the outcome of the FOMCs meeting this week. Trading within a tight range on declining volume between the 235.7 - 237.94 handles. A break on volume below the 235.0-.72 area would signal a heightened potential for a 2% - 5% pullback to lower previous higher lows seen for the current year. A break above on...

Daniel.B Updated 

Hello Traders, I wrote a technical post on the Oil & Gas Exploration sector and how I was looking to add portfolio exposure once more to this sector. Well for the past three days $XOP has been cradled at it's 200 Day Moving Average which falls within the 50% -61.8% pullback from the previous impulse wave higher to the 44.97 pivot. Today we had a decent...

Daniel.B

Hello Traders, Just a quick update on the dollar and my view on it. We have bounced at 100.4 Support (2015 / 16' Highs). Bulls are still in control of the pair but further follow thru is outlined by a break above 50 MA Resistance. Moving Averages: The 50-Day Moving Average has flat-lined which to me displays a loss of momentum to place the probability of...

Daniel.B

Hi Traders, I'll stick to the technical analysis on the S&P Energy Exploration & Production ETF. I have been stalking this for a few weeks waiting patiently for a potential entry. Now price is retracing into the 50% - 61.8% Fibonacci retracement of the most recent leg higher ($34.13 - $44.97). Previous breakout volume was way above the 50 Day Moving...

Daniel.B

Suncor Energy Inc. broke out of the large accumulation base it formed between $24 - $31 this previous November. Now price has retraced and become bid right at pivot breakout support at $31. Moving Averages % Off 50 Moving Average: +1.5% % Off 200 Moving Average: +11.9% Support / Resistance Supp: $31 ; 50% pivot Res: $33.79 ; 61.8% pivot Volume +210% Above...

Daniel.B

Transcanada Corp. has prepared re-application for the keystone pipeline after the U.S. President's executive order reviving the pipeline. Hi Traders, Well today was an wild ride in the markets. I ended up covering my short positions spread across the financial sector that I entered a while back. Most financials held their 50 Day Moving Average. But hey, I'm...

Daniel.B

Hey guys pre-earnings BX seems to have bounced on major breakout support. Is this the beginning of a new uptrend to the $35 pivot? Technically the stock based out on strong accumulation volume throughout 2016 forming a triple bottom bullish breakout on strong volume. Currently we are hanging around a minor pivot at the 38.2% Fibonacci retracement.

Daniel.B

Question of the day, will dollar bulls be able to clear above 101.710-.725 on tomorrow? If they cannot break above the mentioned resistance there is a good chance we will see a retest of 100.100 pivot support. Support held on the December 2016 retest, but will it be able to hold a second retest of that area... A bullish break above the above mentioned...

Daniel.B

Hi Traders, Just a quick update for those trading the Nikkei 225. Earlier this week the Nikkei did bounce at the 50 EMA and the bullish pivot at 18610.3 Direct over head resistance is at 19600. Clearing the overhead pivot would open up the door for a bullish impulse move up to 2000 and 20800. A break below would open up the floor to a retracement down to the...

Daniel.B Updated 

Hello Traders, I'll only go over the technical aspect of the trade leaving out my fundamental reasons I chose this company. We have a clear cut accumulation / distribution channel breakout (MY FAVORITE)! Price is trading clear and above the 50, 100, and 200 Moving Averages = Bullish. Increase in volume prior and leading into the breakout above 26.78 =...

Daniel.B Updated 

Hello Traders, Question of the day, purchase put options on bank stocks and if so to do it thru the $XLF or their % largest holding: $JPM ? Or to sit put on my long U.S. Treasury Bond positions since buying puts will most likely just double risk exposure due to the relation between interest rates and banks... hmmm. I tend to lean on trading around the bond...

Daniel.B Updated 

Hello Traders, This stock has come to my attention as a potential strong technical bullish play. I have outlined the potential long term Monthly Candle chart flag pattern breakout. Now in order to confidently enter a bullish trade I ALWAYS dig thru the fundamentals of a company so I can confidently enter a position I can hold for over 3 months compounding the...