I published this one only now, I've been long for a good while, and banked profits recently. I bought $BAC today, near the closing price. I think this stock is primed for a huge rally, that will end in a new all time high by 2021. Definitely one of the strongest long reccomendations I can make to benefit from the long term trend that is active in the S&P500 right...
I think Nat Gas is bottoming here for a while. It can swing up strongly, if it holds up. We have 4 days without going any lower, soon to be 5, the next move is going up and retesting the key level at 2.27, if holding over it, the next level is 2.88. We have 5 months already, where price stayed higher than the lowest low which took place back in August 2019. A...
$CSIQ has a strong chart here, and good valuation in a very interesting growth industry. The daily chart has a signal here indicating a steep rally is starting, this might end up evolving into a larger timeframe trend, as the quarterly flashes a breakout over time. I'm looking forward to holding if that is the case, after this daily signal reaches the...
$KEY has a great chart here, trending in the 2-Month timeframe, similarly to $BAC and $SPX , I think it may be a great hold from here onwards. It's at a good dip, near long term support, hard to beat the reward to risk ratio here. Cheers. Ivan Labrie.
Relative strength in $GE is through the roof here, and very interestingly it comes while insiders are buying shares, after the CEO was fired and the stock removed from the S&P500 index. These are STRONG bullish signals, and not to be ignored. The fact the stock broke into new 52 week highs, on big volume, while the market was down sharply is a clue here. I'll be...
USDNOK is in an active quarterly uptrend, and now retested a good long term support level. Longs from this zone are likely a very safe proposition, problem is having a safe enough stop loss for the trade, since the time duration of the trend is very long. Price should rebound here, and if it does, it would be a huge reward to risk trade to go long with a tight...
I think #CGC is being accumulated as it bases sideways here, since most people probably sold after it bottomed recently. As pointed out by @timwest, tax loss harvesting might have played a part in the supply that came to the market recently, which should be over by today. I'll be accumulating shares gradually here, currently bought a half position before the close...
It seems there is a mid term opportunity to be long precious metals for 12 weeks here. I'm long since last week again, as a way of reducing risk from my net long equities exposure (roughly 21% net long, I'm short $AAPL, $AMZN, $NFLX, whilst long $TSLA, $BAC, $INTC). Upside in gold can reach as high as upper 1700s, if this signal pans out favorably. Risk is a drop...
$USDCAD favors bearish positioning here, with stops @ 1.31797 at least. Downside to 1.29983 is 60% probable while below this stop level. It's moving down from the most recent NFP support level that broke down a few days ago. Oil is also making higher highs at the same time, so I think this is a high probability trade, with a very well formed technical setup in...
$BAC offers a good entry to join the long term trend here. The daily timeframe flashed a signal today, if it holds over today's low give or take it will likely accelerate up from here, moving higher for 6 days, before consolidating once more for a week or two. Fundamentals are in place for a massive trend up in financials, with regulations loosening recently,...
This is a forecast slash guess based on the fact that $SPX is trending in the 2M and 12M timeframes, with big trends set to end by 2021 only. New highs confirm the outlook I had predicted for $SPX before (see related ideas), and sentiment getting negative on equities, despite prices climbing the wall of worry is an amazing signal for us. It's time to be 100% risk...
AUDUSD is due for one more wave up. Wait for a swift move down, and then open a buy position to ride one more wave up.
The Nikkei has been in an insane climb lately, and Japan as a whole, has been presenting more attractive valuations overall, than US or Europe stocks. Personally, I'm long EM equities, and some US ones, but, Japan does have a valid uptrend in the intermediate term, and soon in the long term as well. One concern you may have is mainly demographic, if you factor in...
One name I think has amazing potential is $PAM, among the oil stocks that I can see performing well in 2020. I'm publishing this one here, if it holds over the red dashed line on chart I would hold a long position in this stock. Risk is $2.07 per share, so size it according to your risk tolerance. Cheers, Ivan Labrie.
I think we have many interesting companies that show big accumulation bases that can rally nicely with oil during and after January 2020. $XOM is one of them, risk is a $3 drop from here, to make it to the target on chart at least, but could be twice as big of a rally in this timeframe too. Over time, there's a chance of a monthly basing pattern to confirm a...
I think the daily based decently here, and judging by Friday's bar, a trend might be about to gain traction. Silver is likely a good buy from here onwards, should be a good addition to your portfolio, to hedge equities risk, and/or to profit in a speculative FX/Futures account. There will be many trend trading opportunities in precious metals going forward, most...
#INTC flashed a big trend signal in the daily timeframe here, explosive upside potential. Risk is $1 per share roughly (stop at 57.75) to make up to $6.06 per share in 11 days. With China changing their stance on IP theft over the weekend, a big trend in equities can fire here. Trump more likely to get to a trade deal resolution soon (or that is what market...
On Friday I bought back into #Gold positions after a long time without having any exposure to the precious metal. Me and my clients entered here: 'Let's buy an #XAUUSD long position here, stop loss @ 1417', this tweet was sent when price was 1454.58, 10:48am UTC-3 at the time. twitter.com If I'm not mistaken the bimonthly trend signal active in $XAUUSD might...