Trade Thesis: Short Dow Transports The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average. I will be monitoring this to see how the trend plays out. Confirmations: 1. Lower lows and lower highs on Day chart 2. Lower lows and lower highs on Week chart 3. Below 8 Day EMA 4. Doji indicating price indecision on Week chart ...
I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20. As a disclaimer, this post and previous and future posts are my opinions...
WTIU etf, im in here looking to get out in about two weeks im all in, in my stock account
Technically speaking The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see. On the updside, 128 is the first level of resistance. What to do? I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend...
The pivot level at $72 is being tested and holding, for now. I feel the line of least resistance is higher. I am looking for $84 eventually. I will be looking to buy dips b/w 72-65. A move under 65 and I would rethink my position. No position at the moment.
Currently testing and holding the $72.50 level. The line of least resistance appears to be higher. A move under the $65 would change my mind. No position at the moment, will update if one is taken.
Wave (V) should exceed wave (|||)'s high, but a major three-wave decline should be expected after that. Not the time to join the bulls now.
A Classic example applied in today's market condition between the USDJPY ccy pair, an ETF tracking the Nikkei 225 equity index. Where liquidity, a passive income ETF asset allocation are rolled into an effective strategy. Don not discount that there will always be bumps along the way. On the other hand, much of our selective ETFs on equities including our DX...
Either oil is going to break out of this inverse H&S, and start making some price gains, or it's going to bump its head against it and head back lower (again). I don't have a bias either way, but will keep an eye on it. UWTI and DWTI are two ETFs I've used to trade oil in the past. Of course, there's also USO. Trade 'em well.
Brexit and currency hedging has thrown up the need for products such as SUP3 however there is danger in holding such leveraged products as SUP3 (3X Long GBP Short EUR). As path dependency of the currency picks up in volatility the arithmetic mean drifts below the geometrical mean. This is most easily realised in the following example of an up and down fluctuation...
The IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside. If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll...
our candidates come from this spectrum of stocks-we look for stocks in 1-9 range because in our book on amazon we report this area is underflowed-does well after rate hikes-do well in slow growth arena-good for takeovers-have high inside ownership-over the long term outperform-we preach diversify among industry and candidates-always have stop loss orders- exit...
GDX has an Ascending Broadening Wedge Reversal pattern and awaiting breakout.
That will be a good time, if we will have oil lower then now at the Monday.
As the price of oil falls, we expect Oil ETF's to fall in line with it. Note this chart pattern indicates a breakout imminent either way. The Fibonacci levels give some intermediate profit targets before the point of support around $30.
XLV could move nicely as the healthcare stocks continue to advance, watch for a breakout with volume to take the trade and stop 8% down
The South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April. The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent. The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April...
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. either way i will be easing my way into a positions using the ETF UWTI which is priced very cheaply at 3$ a share. also a big shout out to @Ricker for showing me UWTI