Will the Tech sector be able to bounce off its uptrend line or will it break down? In relative terms, it broke down vs. the HSCI about a month ago... or just a false break a la 2013?
I love the chart, however, it broke yearly support Unless it can reclaim its channel; I see further downside FYI: Jack Ma is set to resign on 9.10.18
This pair was in the pullback after a breakout of the corrective structure. Now it is breaking it up and then should retest the former top at the 6.9590
-Monday=Markets reacted to Fed governor Jerome Powell's speech on Friday which knocked the USD lower. SPX makes a new high. While political turmoil in the Australian govt weaken the AUD but the recovered towards the end of the trading week -Emerging markets currencies were pretty weak last week with majority of them plus one percent -WSJ reports issues on...
This is the Dow Vs the China index post Trump. If you believe the media at this point, that China isnt sweating about this, I don't know what to tell you. I'd get out of emerging markets for now and let this dust settle. Turkey, Argentina are just the first, South Africa and Indonesia, will Follow, and China will fall until they make peace with Trump. I'd focus on...
Price Monday went much better than expected and the price broke above Bearish Trend Line at the end of the day. Then BTCUSD went above 6800 resistance and now trading on the 22 August high – 6900. One of the possible drivers for such unexpected bullish behavior is CFTC report about low levels of short positions in the bitcoin futures market (reached historic low...
Im currently set for a long position on the USDJPY for the coming week to end the month of Aug an gear up for the forth quarter. I have drawn out the road map here on my charts take a long and tell me what you think. Happy trading
Telecomm stocks from China worth look. Noted areas peaking away from baseline as technology advances from 1G to 2G, PDA, 3G, 4G, 4G LITE, 4G LTEm, and next year 5G. Telecomm sector is notably a sector to take off only as sales occur or action happens. More buyers of new phones paying for streaming video's from Baidu and whoever else is the Chinese...
Another RSI Negative Reversal again in Tencent's chart.
Was that the top in USD/CNH? Traders should not make a living or hobby out of calling major reversals in a market, but when a combination of developments arise that signals the tides may be turning, they also shouldn’t have their head in the sand. While many people were looking to the sell-off in the Turkish Lira and the South African Rand, the turn around on a...
The Chinese index may not have reached the BOTTOM yet, from a technical point of view, a wave (5) is working with TARGET around 10,600. With this in mind, we will try to take a short position as shown on the H1 chart. If you think this analysis can be useful and you want to receive new updates about this idea, leave a your comment or your LIKE! Thank you for...
I feel this company has a good future and agree with their focus on expanding their logistics to bring better services to their clients. Without a good logistics group the system will fall apart. I would be looking for a similar pattern of a double bottom it had from April to Early June. Could last a bit longer this time as earnings are set for sometime in November.
If there going to be buyers , this is where they are supposed to turn up. I like dealing with facts and the only fact is , sellers are currently in control of this market. We need a significant excursion on the upside or downside to tell us what to do next. Let price decide.
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017. I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days. I'll go for 50% W or continue rolling this position out, collecting credit through time.
Today and throughout the week I am going long on USDJPY and other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bullish USD. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated trades. HAPPY TRADING !
I am predicting it will drop down to the green area and rebound upwards. I made this using #Gann angles and #Ichimoku graphing. I made this on August 9th 2018 at 4:10 P.M.
Index going back up to upper trend. RSI divergence and strong support. Scale in
My custom China/Asia index shows, very clearly, the support near 7200 is critical at this time. The continued weakness originating out of China and the efforts to contain the current rout as well as contain an economic crisis are clearly generating concern throughout the globe. China has it's fingers in many other global nations. A collapse in China would...