Todays IPO for LYFT was rather successful, suggesting that UBER could possibly top the $100bn mark. However, its too easy to get caught up in the noise, an IPO is an exit strategy!
Trade of the Week (May Cycle): Pictured here is an EWZ (29/34) May 17th 37/45 short strangle: 1.14 credit, .57 at 50% max, break evens at 35.86/46.14, delta -1.46, theta 2.87. Obvious Alternatives: EWZ May 17th 41 short straddle, 3.91 credit, .98 at 25% max, break evens at 37.09/44.91, delta -4.6, theta 4.01. Notes: Pros: High implied, high implied relative to...
Facebook continues to trade as expected however, the decline might be halted at the 50% Fibonacci based on how the current structure is unfolding.
The time to buy was last November/December, today you should be moving stops higher and protecting gains!
My concerns of anything more than a pullback are subsiding, Chinese PMI is in expansion once more which is confirming that the majority of poor economic performance is likely finished. Over the next 6 months we expecting to see hard data underperform, compounded with a rising dollar it is a headwind for equities.
High Flying Momentum Stock Just Getting Started Today! $18 is the next target within a couple of days then $19.60 for a double top. Get more alerts at www.TheTechnicalTraders.com
Using simple price patterns and fib extensions we get two targets wit juicy gains. This is much like my NIO 21.7% trade and also like ROKU 18% trade
Despite all the bad news, we are likely to see a bounce occur around these levels.
Chesapeake is likely to see some real buying into April if section 232 tariffs on Uranium are passed (high probability)
Over the past week, my tone has switched a little more bearish. I was advocating for a blow-off top in equities before this cycle ends, however, on a second look at the data the leading indicators are continuing to show weakness over the coming 6 months. Certain aspects of the economic data are positive however, which makes it difficult to be outright bearish or...
Hi all, TLT is continue to rise as expected from our update last week. Contrary to popular belief I do believe that $131 will be a meaningful top.
VIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
Small Cap Stocks lead broad market - This is bearish Chart does the talking
VIX and the Financial Conditions Index are the same charts. Rising volatility correlates with falling stock prices because of a tighter liquidity environment. Expect more downside.
Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes. The IWM setup indicates we may only see a 5~7%...
Just admit that gold is at resistance and bearish! The chart speaks for its self. The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we...
Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.