Taking a look at FXI this time. The index has been consolidating for quite some time. There are a few folks calling the FXI has broken out of a falling wedge. I say look again and apply the trend line of the lows to the high and you can clearly see it is still stuck inside a downtrend channel. The x3 leverage index YINN and YANG are also helpful to glance at...
A trio of retail names, TGT, ANF, and COST announce next week ... . TGT announces on 3/6 before market open. Preliminarily, the March 16th, 11-day, 20-delta 69.5/81 short strangle pays 1.54 at the mid, with its defined risk counterpart, the 66.5/69/81/84 iron condor paying under 1/3rd the width of the wings at .83/contract, slightly shy of the credit I like to...
Getting long Chinnnaaahh (Donald voice) via credit put spreads @ $1.77. I went ITM to be a bit more directional. Mar16 40/48 put spread POP: 56% Max Loss: $625 Max Win: $175 Stop loss: Price at $44.45 or 2x credit received Target: 50% of credit received short 48 put: 61 delta long 40 put: 6 delta.
FXI at support. In addition: if the price does not change much for the rest of the trading day (US session), we will have an inverted hammer bullish candlestick (we can see it at least now).
Earnings season is in full swing, with a bevvy of announcements: NFLX: announces on Monday after market close, with a rank of 79 and a background of 44. VZ: Tuesday, before market open -- rank 80/background 25. PG: Tuesday, before market open -- rank 86/background 17. GE: Wednesday, before market open -- rank 100/background 39. CAT: Thursday, before market open...
Breaking out of consolidation range and previous ATH.
EWY has gone on a huge run but pulled back lately due to concerns regarding the Syria missile strikes. It has lost about 5.5% from the highs but we are starting to see volume coming in here. The combination of a geopolitical event that is indirectly related and volume increase makes me a buyer at these levels.
In higher inflation environments, money flows typically begin to head into emerging markets. This is primarily due to the fact that many of them are commodity producers. When looking at capital flows into EM-nations and real treasury term premia, it is this capital flow which is partly responsible for driving up interest rates. When taking this into account, it...
looks like a classical head and shoulders breakout. 40 weeks MA is pointing up. RSI and MACD all look good. In the past it had several breakouts that gained anywhere from 10 to 40 percent.
Too many levels aligning to not take notice of this low risk short opportunity. FXI approaching marked resistance at the $37-37.14 range. Converging trendline resistance, round number $37 and 0.618 Fib retracement. Waiting to initiate short at $37 even.
Correlation Analysis showing Positive ( green boxes) negative (red Boxes) and Mixed ( yellow and orange Boxes) prediction for 2017. Expecting to See some sharp fall in prices in July, Based on Gann Cycles.
Out of a Brazil play and into a China play ... . Metrics: Max Profit: $153/contract Max Loss: $147/contract Break Evens: 33.97/37.03 Notes: Will look to manage this at 25% max.
China had a monstrous collapse in 2015, after that rally it is now showing some short term weakness. The problems they face are currency, slowing growth, and house prices. I believe that house price may effect stock prices but it shouldn't be something that effects the whole market because the problem is evident, when we know about the problem we protect against...
There is no doubt copper's move is substantial as chart chasers crowd on a few group think narratives: Inflation is around the corner. Is it? Headline inflation in the United States in 1.47 percent. To put that in perspective, it's down four percent from July 2008 highs of 5.4 percent. To add further perspective to that, inflation is cyclical. It has risen,...
If bear flag equal leg, can see slightly below 2,000
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