With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) With the history of miners leading the commodity in moves, I'm expecting gold to make a move higher (see GDX charts): - We again have the bull flag being made, with any bearish attempt to...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) - Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls - This creates the bull flag / pennant that was see now, which was...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) My target area Short Term is 25-28: - We have the 23% fib retracement from our move down from our All Time Highs in 2011. - Weekly 200 ma - Solid price action (horizontal black lines) -...
Following the recent oil rally, the Russian equity index has also rallied about 30%. However, this - like the oil rally and the Petrobras rally I posted about - is unsustainable. See my post attached here for why the oil rally is unsustainable. Why is RTS unsustainable? Firstly, it is likely to follow oil's possible move down. Secondly, Russia is still in...
Recovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline...
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...
We won't be getting higher than the yellow line any time soon. With recent events around China's "real" numbers coming in (who knows what's real anymore?) and the issues around oil production (which are NEVER going away b/c in 15 years we won't even need oil anymore), the market is in a major, structure re-evaluation phase. Why? 1. Global unease in the old model...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
This RSI-MA Model Predicts Unemployment Rate With Scary Accuracy! Although high unemployment usually occurs during economic recessions, it doesn't always mean that equity valuations would drop, nor does rising unemployment always mean recession. On the monthly chart of the official national unemployment rate: Unemployment Momentum Rising = MA6(RSI3) cross>50...