Overview : U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities. Before that Crude oil fell for a fourth-straight session on Tuesday to settle $1.75 lower. On Technical charts, Major trend of crude oil is strongly bearish and market...
Overview : Oil dropped below $30 a barrel in New York as equities tumbled and no agreement emerged from Venezuela’s tour of crude-producing nations. Speculators’ short positions on crude were near a record and Crude oil Futures fell 3.9 percent. On Technical charts, Major trend of crude oil is still negative and market is making lower top and lower bottom...
IBB (Bio Tech ETF) had been on down turn since the last hurrah in July. It has been doing a beautiful correction A B C waves - currently at the end of wave (c) of C. Wave A is a double 0.5 X 1 move of the Gann Box Wave B is a 1.272 X 0.5 of the first Gann box. Wave C so far has been a 0.5 X 0.766 (although it might end up at 0.618 and 0.886 or 1) This movements...
LEI just bought new land and needs financing for the business operation. They are releasing more shares to help them do so. It ran 431.35% when they first released the news. Thats not something you see often; former runners tend to bounce and spike largely again. We have another very clean reversal bowl pattern for the upside. Unfortunately TradingView doesn't...
In my previous FXY chart, I detailed the weekly/monthly time at mode trend signals and with Tim West's help I noticed that the downtrend was expiring during August. After seeing the reaction to this event, I conclude that both FXE and FXY are reversing the longterm downtrend, judging by post pattern behavior after forming a clear bottom. This currently eludes...
Guess it is possible to get 15-20% gain here in less than 2 months. The Bearish ‘Bat’ pattern is forming, point D can be near 16. Bullish Harami near the lower Bollinger band can be treated as a reversal signal in a short time trend. Point D is on the way of 200 day MA. A positive gold seasonality from the end of December till the beginning of February...
Bearish SPY monthly Chart, all time high, 190 level by Feb. 2016. Looking at the chart Sept. 2015 Candle closing below EMA indicating the start of a down trend... Re-considered your position if you are all in calls.
Tomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into...
The kiwi had a solid move against the dollar on Friday, gaining 1.14 percent. The move came as commodities rebounded, thus pushing up their respected commodity FX. This was a response to the weaker dollar, but commodities saw their sixth week of capital inflows as traders deem a more risk-on approach in the medium-term. The move into commodities has been the...
Consumer Staples SPDR ETF is looking good on both short term and long term basis. On long term basis - XLP trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully. On short term basis - XLP shows no trends...
Consumer Discretionary SPDR ETF is looking good on both short term and long term basis. On long term basis - XLY trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully. On short term basis - XLY shows no...
This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or...
There's a monthly time at mode expiration in this instrument coming next month. It's possible to see a reaction as carry trades get unwound, but it's not clear at what price yet. The extreme target is not reached, but the time at mode one has been exceeded, and heading for 2x the projected range soon. I think the dollar rally is about to hit its expiration date,...
With speculation over interest rates, TLT is hitting a ceiling for a second time. The .382 Fib line (in yellow) is prominent and the presence of the 200-day moving average (black moving average) make up a double resistance level. For a little more analysis and news check out our website! ttp://ht.ly/QISg0 Cheers, Enhancing Capital Team
For Monday’s open, 5 ETF's are potential buys under my rules for Pullback Strategy. This strategy identifies oversold ETFs and takes advantage of the tendency for prices to revert to the mean in the short term. The ETFs set up as potential buys for Monday are listed in the table below: XPH -SPDR S&P Pharmaceuticals EIDO - Indonesia Invstble Mkt Idx MSCI EUO -...
If you want protection from a market correction, but want to still generate some profits without going short, or long consider a balanced portfolio of two slightly negatively correlated but stable ETFs. PBP writes call options and collects premiums to the tune of 4%. MNM holds municiopal bonds which yield about 3.7%. When one goes up the other comes down and so in...
The South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April. The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent. The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April...
The QQQ has reached it's all time high monthly close near 109.50 and corresponding to important Fibonacci projections levels. We are exepcting a corrective down wave 4 towards 90. Only a new high on a weekly close above 109.50 would invalidate this bearish scenario.