There are a bunch of bearish engulfing candles on the indexes so confirmation tomorrow will be something I am watching. Here is the daily chart for $DIA ... If you want short exposure on an index (for profit or a net long portfolio hedge**) I like this ETF because the stock price and the option price can move and gap a couple dollars in a few days. Plus the...
There’s been a 30% spike in volatility over the past two days and the market is now slightly oversold. The price movement in the US is muted but the fear has begun to rise as seen in the VIX and also seen in the emerging markets countries which tend to swing quickly to extremes. A normal pullback will see a bottom within the next few days and then a resumption of...
S&P 500 Long Mistake - Closed Too Early I held a long from yesterday and was expecting a bit of a rally today but not a full retrace of yesterday's dump! Got skittish halfway up and closed once the morning rally fizzled out momentarily. In hindsight the hunch to relong was right. Trade and learn.
Long play on Crude Oil using HOU 2X Bull ETF A pullback I charted earlier has played out so I am entering oil for a multiday long position. Entry long @ 9.79 with profit target anywhere above $11 and a stop loss at $9
A nice trade off 28.46 support level. Lets see how it plays out
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
TSX HNU ETF Horizons Beta Pro Nymex Natural Gas Bull 2X Closing my long in profit after the rally fizzled out. Not counting on much more room upward from here in the short term.
Using an Inverse Leveraged ETF to short the S&P 500 Index. On TSX listed as HSD Horizons S&P 500 Betapro Bear Plus 2X Leveraged Short ETF Entry for long @ $9.12 with stop loss of $9.06 and take profit target above $9.50
TSX ETF HNU Horizons Beta Pro Nymex Natural Gas Bull Plus 2X Leveraged long position setup. Break up confirmation with strong volume after a double bottom sets us up for the summer season with BBQs and Air Conditioning power generation using natural gas. Surplus inventory fell far short of expectations in recent news so bears are exiting their positions as we...
The South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April. The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent. The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April...
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. 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
Buy THD tomorrow @ open Scal in with 3% limit order on a further pullback the next day and selling after the ETFs closes above its 5-day simple moving average
Climactic widening of MACD spread and steepening of angle up/down can signal significant reversal is near: When blue line turns, look for a trade !!