Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Short 100 $CFG Long 114 $FITB Mean Reversion Time: 16 Trading Days
T-note finished (or is about to finish) a run up to 139. This last leg up is a Wave B, once this leg is finished we can expect a big decline to 134 (previous wave A) or even 130 (previous wave 4). The reasoning behind the expectation that the current uptrend is about this finish is based on RSI (does not get above 65), multitimeframe analysis (see weekly chart)...
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EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market. Next target: 1.146 (based on weekly timeframe) Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe) See analysis of multi timeframes below: M) Down: topping at 60, below fibo 50% level...
Salesforce (CRM) Target: 104.35 (based on signal on weekly chart) Invalidataion point: 92.32 (thick black MA Composite) Multitimeframe analysis based on RSI, Moving Averages and CFG M: Up: C > MA's, RSI > 60 (and MA's on RSI) W) Up: PR TA: 104.35 D) Up: but fragile, just missed PR. RSI just broke above 60 4H) Up: just switched from bear to bull. RSI > 60
Bought CFG bear spread (sold 1 Jan20 35 call; bought 1 Jan20 40 call) for -1.37 (credit). I think stock is overbought and Value Line dropped it's rank from 3 to 4 FWIW... I'm looking for it to fill gap around 33.
Dean and Zane murdered this one earlier. I am trying to be cool like them...