Trade set up: Our bias leans towards a short in the SPX, where we are looking for a break below the recent low of 2685 to enter the position. Upon this development, we would set a stop loss at 2725 and our take profit set at 2603. This profit target is subject to change and dependent on the price action, as a break of 2603 would hold huge bearish implications....
Trade set up – Our preference is to sell rallies in EURJPY, placing a limit order at 128.30. With implied volatility spiking, predominantly in global equities, the JPY has strengthened, and we believe it will continue to do so, as traders flock to the guru of all safe haven currencies. Should the trade be filled, we would target 126.75, placing stops set at...
Bullish divergence starting, I'm buying this dip now and letting it do it's thing. (Beware, price might go a bit lower, but as long as it remains above 2690, the bias is bullish) Entry : 2760 Stop : 2690 Target 1 : 3000
Get ready for blast-off. Most weak hands shook out, adoption improving, development accelerating, bitcoin consolidating, big money incoming.
ATHs on the way? Looking for rectangle break and confirmation on close.
So this spread revolves around the simple, brutal strength that we are seeing in the economy right now. People are spending huge amounts of money on eating out right now, and given the ISM and UMCSI numbers I don't see that slowing down any time soon. Here, we pit a strong, cyclical restaurant chain specializing in chicken against a weak, defensive, consumer...
So this play is a complex spread that pits a strong machinery company and a strong retail / cons. disc. company against two weak chemical makers. While the play may initially not make much sense, the alpha here is generated from the comments that companies in these sectors made in the last ISM and NMI reports. Expected weakness in chemicals as input prices...
So this spread's logic comes from the recent ISM report where real estate (leasing) conditions are expected to remain strong, while capital investment in deep-water drilling falls off a ledge. This spread pits a beautiful land play with crude exposure - TPL - against a weak, weak drilling company with exposure to the deep-water drilling arena - PKD. After today's...
It’s been noted by many market participants over the past few months that the gold-Chinese renminbi – aka the yuan, CNY (onshore yuan), and CNH (offshore yuan) – has tightened into virtual lockstep. This post explains this relationship and why it’s happening. Full story: aff.whotrades.com
All kidding aside, CHEK is an excellent buy this week with expected news on clinical trials coming into next week. I see this stock sending it to $10.00 a share on good news. Once CHEK is fully in orbit we will begin the journey to full retracement and beyond! **None of this is professional advice and I wish you all the best! Trade safe.
After identifying a macro bullish giant broadening wedge with the price in a pull-back, we bolstered our previously existing shares by purchasing a 20% larger position. Continuing to hold within our long-term portfolio.
With regards to the constructive risk profile, pay attention here. It’s important not to be too complacent as the short term recovery in the risk-weighted index occurs within a wider negative context. From a top down analysis, we've drawn a few trendlines to represent the perils that entail for risky assets each time a violation occurs, which since the GFC, tends...
A close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels. Or not! As always,...
Here's something new: a bearish count from me for Bitshares. After countless wrong counts on the long side, the pattern unfolding seems to take a clear shape for me. But who knows, I might be wrong again! :-) What I'm seeing: a market where everyone is watching everyone else. Everybody's trying to make a speculative buck (myself included) and waiting to jump on...
It appears that the end of exponential growth the economy has enjoyed since at least the Industrial Revolution is due to end. Price target after breakdown is set at 70%, although the window to hit is so wide (~30 years) that it is unimportant other than to indicate that a major bear trend is on the horizon. Luckily, downward movement should not begin until 2019 at...
Bulls case: Bitcoin has set 5 tops. $1, $32, $210, $1150 and $20k. The average time between each top is 621 days. The average percentage gain above the previous top is 1400%. If this pattern repeats again, BTC should hit 280k by September 2019. Bears case: If 5k doesn't hold and we test 3k, the long term trendline is broken. All bets are off technically. Testing...
My outlook for what's happening right now and where things will likely turn or move to. BTCUSD WTI 30 Yr Bonds USDCNH Gold DXY EEM Bloomberg Commodities Index Seasonally August and September SPX underperforms while global markets outperform, this could be a good counter trend move into September lows as the US positions itself to vacuum up as much global assets...
Hey Everyone, I am traditionally a fundamental crypto investor but I often use price analysis to time my buys and sells. I have spent quite a bit of time reading up on market cycles (Wyckoff's Trading Principles) and analysing previous market crashes to identify similarities in patterns and these are some cool trends I have found: -There is almost always a...