We can go short ENZL at market, and aim for a significantly large target. Stops should be above this week's high (trading range). Expecting to see a sharp decline to ensue here in the intermediate term. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes...
USDCNH is a very interesting pair right now. In this chart you can see a few instruments, pitted against each other. Currently, talking currencies, the offshore yuan is lagging the group, compared to the other dollar pairs on chart, and it happens to have a weekly time at mode downtrend signal, which confirmed last week on close, which gives us targets of 6.37 and...
Buyer around 34.50. Careful of gaps in this thing. Know your risk.
Has been an outperformer since end of January.
Useful for adjusting positions, sizes, stops, strategy & hedging
Fundamental: 1, USdollar is in a situaton could draw capitals from EEM market now. FRB is fishing with patients and let’s see which one would like to bite the hook. 2, EEM are many countries there're a lot of risks over there in the future. A capital squeezing will happen. 3, Weighted JPY colud benefit from safe haven. It’s not surprising to see JPY stronger...
EEM has dropped nicely since my post 7 days ago. Personally I am covering my short position temporarily which usually means EEM will now drop like a rock. But I noticed there is now a potential positive reversal on the 2 hour chart which sometimes leads to a nice bounce. If price drops below 42.45 then the reversal will be cancelled. If short you may want to...
On my last post of EEM I noted it may still go to a .78 retracement which it did. In the process it has developed a potential bearish divergence in the RSI daily. The negative reversal remains as well and together this is often (but not always) a bearish combination. Plus a longer term support line may now become resistance. Take care. This one likes to jump and...
Last Thursday I suggested that EEM may be about to fall but wait for sign of reversal. Friday's down action wiped out all the gains in EEM for the week producing a nice shooting star weekly candle. After a large rise this is often a sign of reversal. Some authors suggest that one way to trade this is to short with a stop on any close > than the high (in this...
Short term the emerging markets are on a tear up. But from this longer term chart you can see they are in a long term downtrend. IF IF IF this count is correct then we are ready for possibly a fast and furious fall over the next few months. You may want to watch the action for the next few days to see if at least a short term reversal is forming. ETFs :2x bear...
Short term the emerging markets are on a tear up. But from a longer perspective they are in a downtrend.. IF IF IF this count is correct then we may be ready for a fast and furious fall. You may want to watch the action in the next few days to see if it looks like at least a short term reversal. 3x bear etf is EDZ Warning;: this index can be very volatile so...
Dollar faces double resistance with lost momentum. Meanwhile assets inversely correlated with dollar seem to be doing better. If dollar is weakening in the next several months, these assets may be favorable. Conversely if dollar breaks out and continue to strengthen, these assets will be pressured even more. I will watch the red support lines closely.
Great start for the day for EEM (+1.56% so far). Looks like the blue support line is doing its job. Will give it several more days for it to prove itself.
EEM and dollar mostly go different directions, meaning a stronger dollar coincides with a weaker EEM (and vice versa). So where dollar is heading from this point will have impact on EEM.
Some time after the original chart was posted by timwest: CCI shows a diveregence now with this pair, and, although a gut feeling - something tells me that chances are we may see a trend change in future, and EEM will outperform the US market. Another thing to add to this is also timwest's chart (one can never praise this chartist enough on the site) - the...
FXI/EEM ration still stuck in a range. But there is a bullish 3MA and 5 MA cross over, ratio is above 10 month MA, RSI appears to have formed an up channel. We will see if it can break the upper range in the coming months.
Global 100 index shares of largest companies at 2,618 off of 2012 lows and 3.14 pi time this coming week, if we connect the two lower closings of 2011. At the top of the 3 year up trending channel again, where price has been rejected 5 times so far. Cheers, Panos
The correlation between SLV and BRF is more prominent that with GLD. Nonetheless the relationship between these asset classes are quite distinctive. long BRF, LBJ, ILF