I'm targeting the $15 dollar level for a low risk entry point. Healthy pullback to retest breakout!
If so, look for it to bounce off of 100MA
Compra de Cielo(CIEL3) baseada no respeito à zona de suporte. Devemos ver o preço subir nos próximos dias e semanas. Going long on Cielo(CIEL3) due to bounce off support zone. We should see higher prices in the coming days and weeks.
A lot of option activity in Bac the last couple of weeks. Looks like a very good opportunity for a break here based on the interest Hike "hope".
Podemos entrar largo si rebota en la linea de tendencia luego romper la resistencia. Y entrar en corto si rompe los dos soportes.
Trends seem to all lead to going long schwabb until at least 30. let me know your thoughts!
Related to the reflation theme described in my view "Crude Oil: The Most Important Chart in the World". This trade relates to a steepening of the US yield curve as rates adjust upwards through either rising inflation or a pickup in US growth (or both) having been driven to a record low in June. BKX Index (candles) BKX / SPX (blue) US10Y (grey) What is...
Q2 Earnings season is starting in Monday, July 11th with major financial institutions reporting. Financials are projected to do slightly better then the previous quarter and may offer good upside potential. From a fundamental standpoint, most financials are undervalued when taking into account future interest rates. If "Market Stabilization" occurs in Q2 or Q3,...
Breakout out of critical level followed up by a retest of that level and 61.8% fib level. Stuck in a ranging market since the beginning of the month, just awaiting a breakout to the downside confirmed by the careful use of MA's. Looking for a downtrend towards target 1 at 1.03602 (monthly critical). Price action at this level will confirm my further...
Global Equities are experiencing a relief rally after a bizarre turn on events. For some reason, the brazen murder of British M.P Jo Cox turned the increasingly large "leave" vote around, and the "remain" vote regained the led heading into Thursday's Brexit vote. The Euro Stoxx 50 Index jumped off of technical support of 2,814 but still remains in a clear...
WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test. Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
GNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held...
The U.S. dollar went bid following rhetoric from Federal Reserve officials that a potential rate hike could occur in June, following hotter than expected inflation data. However, after posting on pending technical weakness here, the dollar has retreated slightly over the last few days. Price action as traded neatly within a descending channel on the daily chart,...
I'd say closer to a short than a long, but we still need a clearer picture. A break 24.5/25 would be bullish, a break below 20 or so, bearish. THink we will move one way or the other in the coming months based on important fundos such as Spanish Election, Brexit, US election, China, etc.
It's all about making an educated bet to try to get it right.