This is an additional chart showing how the current bearish signals align with the potentially longer term bullish trend in Ethereum. I'll be watching closely but not shorting it personally. My goal is to look into buying opportunities at the very bottom of this decline to keep a long term position off exchange, similarly to $BTC. I am short $BTC though, since I...
$GE was kicked out of the DJIA, this is a massively bullish contrarian signal. It is very clear we have seen the bottom here. With the new CEO shaking things up already, the only problem in sight is the mountains of debt the company has. Definitely worth a punt, given the huge reward to risk ratio here. You may try a tight stop, with small risk in the trade if...
I think the Pound bottomed here, should be good for a long entry with a tight stop... Best of luck, Ivan Labrie.
I'm pretty sure we will go down from here. Time runs out next week for the weekly trend but there are signs pointing at a top right here, right now... Cheers, Ivan Labrie
Sangamo Therapeutics, Inc. is a company that develops genomic therapies, using genome editing, gene therapy, gene regulation, and cell therapy. It's an interesting addition to your swing trading portfolio, specially now that it is ready to start trending up after being accumulated after enduring an extensive correction, now trading at a 40% discount from recent...
I like $FSLR here, I've been buying gradually for the last few days, but looking to also take a shorter term position here. It might be a good spot to buy long term OTM calls, but you can also go long with a tight stop if today we see a new daily high. If you are not positioned and looking for exposure to solar, then a 1-10% long term position built gradually...
I'm holding a long term position in $TSLA that we entered at $250 give or take. On top of this I plan on trading in and out of shorter term margin positions. Here we see that a weekly trend signal is active, following the Shareholder meeting today. It's likely to get some kind of dip in the coming 3 days, so I'd consider using the chance to add margin positions if...
We are long here from 9.66ish, sadly I couldn't publish before cause I was on the go, but well. My clients and me already bought. Now it's back over the monthly mode, and a key earnings support level, so if holding over this zone,it should be safe to accumulate positions in this stock, now that buyers capitulated with news of the CEO resigning. Debt restructuring...
Copper has once again fired an uptrend signal, similar to what happened during November 2016 and July 2017. If we track the relationship between copper and $EEM, $SPY, $PBR and $USOIL, we can see that every time copper breaks out into a trend, there is a bottom in in emerging markets and oil, and $SPY receives a boost if bullish, or, could form a turning point as...
$ETH is trending down in the daily and weekly timeframes here, we can get a sizeable move down but there is significant support below. I'd be looking to go long once it's clear a bottom is reached, depending on how fundamentals evolve for Ethereum further down the road. Right now, it's the leading platform when it comes to adoption, ease of use by developers, and...
I'm flat here, but I see $LTCUSD has coiled for a while and is now trending down. Once it breaks the line here in red, it will start sliding down sharply. Implications are we hit minimum target #2, but possibly all the way down to target #3 here, which would erase all the gains it made since they added Segwit to Litecoin. Talk about downside potential... It might...
This is the currently active trend, and possible targets for price and time. I'll be monitoring price action as well as fundamental developments and sentiment data to determine when the bottom is in, to flip long once more. For now, I will look into being in cash with my trading account, and holding shorts, and adding if viable. Additionally, I might look into...
It took a while, since we broke the low volume support above (white box), but now that we land on this strong support zone $EURUSD can find buying again and turn up for a change. This might be associated with a rally in $EEM, $TLT and commodities as well. Keep an eye out for those charts, probably some good trades to take. I'm in $TLT already, in good profit since...
Let's see how this one ages... Refer to my more serious posts for actionable trade ideas and follow ups. Cheers, Ivan Labrie.
I suspect the answer is yes...There are two key dates where long term buyers stopped the selloff and turned the market around, both highlighted in this chart. I suspect the smart money has been accumulating positions and will continue to do so, as the market remains sideways. Overall, I think the best way to play this market is to hedge after big rallies, and try...
I started averaging into an $AUDUSD long here, first entry at 0.7537. I suspect we might have what it takes to break above the monthly mode once again, and given the potential bottom in the Euro, and how strong the Aussie has remained all along, as $EURUSD was plunging, it is in a good position to rally from. It acts as a sort of proxy for emerging markets and...
The Pound offers a great set up to enter longs here, with very good risk/reward. If filled, we may average in during the next 3 days, with the same stop, if we enter a half position initially with our buy stop order, breaking above Friday's high. Stop just below Friday's low. Best of luck, Ivan Labrie.
I'd look into allocating a long term position in emerging market stocks here, it's quite possible the dollar topped for now, and this would be an optimal place to rejoin this yearly uptrend. Long term we can see $EEM climb up over $100 easily, and it might be a safe place to keep some exposure to as a hedge for the dollar. I also like Gold and Gold miners here,...