Very high correlation btw relative value of EM vs DM stocks and Gold price At the moment, either EM is very cheap vs DM or Gold is very expensive. This should correct in coming weeks Idea stolen from TickByTick_Team on Twitter. Sorry not allowed to paste links here
Business cycle also implies more downside for EEM and likely for DAX and SPX.
Aim for the red box. time segmented volume is signaling momentum reversal.
EARNINGS COST (46/25) announces earnings on Thursday after market close, so look to put on a play in the waning hours of the regular New York session. Pictured here is an iron condor in the July (53 days) expiry with the short options at their respective 20 delta strikes. Preliminarily, it's paying 1.55 at the mid price, a smidge shy of one-third the width of...
Current rise in emerging markets could be temporary as it is a pullback after a breakdown below the support of consolidation. To resume down the price should break below blue support.
Nuevamente frente a los $700, este par ha sido muy ciclico en esta lateralizacion que vienen desde Septiembre 18'. Again against the $ 700, this pair has been very cyclical in this period of lateralization, that started at September 18 '. PO: $677.64
EARNINGS: HD (33/24) announces earnings on Tuesday before market open; HPQ (68/38), Thursday after market close. Although the rank/implied metrics are less than stellar, pictured here is an HD June 21st 180/185/200/205 iron condor paying 2.13 (1.06 at 50 max), expected move break evens, and delta/theta metrics of -2.22/2.96. Alternative Trades: June 21st...
Have a great day all
Have a great day all
EEM which can be thought as "Emerging Markets" looks fucked to me. Short this. Baring a sudden trade deal this week (unlikely), EEM could see sub $40. The puts I purchased last week have already doubled in value. :) From a TA standpoint, let's review. Price is below the green line (bearish) but bounced off support in the last 10 minutes of the trading...
The iShares MSCI Emerging Markets ETF (EEM) is on bearish 1W price action (RSI = 41.481, Highs/Lows = -1.8644), repeating a pattern last seen in April 2011 - May 2012. During that period the price was rejected at 44.90, crossed below the MA50 and MA200 and found support just over the 0.786 Fibonacci level before recovering 100%. We expect a similar price behavior...
This is an excerpt from MACRO BRIEF: Hong Kong Dollar Strengthens on Rate Spike originally published March 10, 2019. The short-HKD trade is nearly consensus, which reminds me of the short-yuan trade a few years ago that was largely snuffed out by the PBOC. Problem here, though, is the HKMA's attempts to draw in HKD inflows have been superficial at best....
EEM has fully broken out of flag formation and of the next months will rise completing the 5th wave!!!
EEM is mostly made up Chinese A-shares meaning this ETF is primarily dependent upon data coming out of China. Recent data is quite promising while the US-China trade war negotiations continue to show positive developments. Exports data coming out of China is positive this morning, moreover the US will not keep on putting pressure on China politically according to...
Have a great day all!
Boeing has peaked for now on the news that 20% production will be cut.
LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.