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Miss IndependentCommand Economies and all that Shizzle There is something about all that fiscal spending that we love...Communism at it's best? To many of us in the West, we're seeing a similar emergence by a similar party: " Green New Deal? " Maybe! No, I'm not talking about Cow Farts! I'm talking about Airplanes, boats, and car Farts! But Especially Snuff electric cars! No longer will China need or develop gas-powered infrastructured gas stations, all they need to do is to build a battery-powered silk road! But is it good? Depends. How bad do they want it? That's the problem with a Command Economy.... if I produce 2 oranges, I will have no apples. Can we have both? No, Miss Independent, you may not. Despite the negative criticism of NIO, I am long on Nio. This is one of the first car companies that actually have a nice design, semi-good engineering, and tech that's based out of China (Golden Dumpling)! All integrated into one! And on top of that, I'm also stuck in this bias trade ( do not kill me! ) Let's look at the goods... Time Frame: 1M 1H for NIO (you see what I did there?!) RSI tends to be oversold. Hanging below the 45 suggest that we might have a run-up, considering an RSI resistance level of 50 might need to break for an upward swing. Liquid 20 suggest that we are in a downward trend, however, as the RSI rises so will the Trend Line. As for the MACD? it's drunk. But sober times seems to be emerging! can we converge and then cross to the upside? Lets, go CHIIIIIIIna!
NYSE:NIOLong
by MartyLardy
GOOG: AlphaBet AlphaBet With One Bound It's Free - Buy the next dip That massive triangle has finally been broken above with one giant leap across the border - incredibly bullish for Google and therefore for all world markets. A major buy with stops below 1042 line and upside at 1180. Same with SandP - pressure lifted. No war, as the chart was predicting - a nice RHS on SandP too, next chart There's resistance at 1064-5 in very near term - may get a last chance to buy from lower as it hits this level very soon now. Look to buy the dip. Upside about 118 points, downside 20 from here.
NASDAQ:GOOGLong
by sumastardon
Bitcoin: BTCUSD One Chart of most excellent parabola in historyBITCOIN:BTCUSD One Chart of the Parabolic Baby At the moment it's found support just above the supports shown on left hand chart and trying to fly higher - it needs to take out 7500 now to stay positive... if we see it falter and fail just above or just below 7500 then we have the first sign that a turn might be approaching fast...next sign would be a breaking below 7061 and a fall below the rising support line shown on left hand chart. Only at that point will the near term picture start to turn negative for Bitcoin. It should then fall back to the old highs around 6165 - to the rising support line shown on right hand chart at around this level - that would be the perfect entry point for those wishing to ride this tiger...time will tell.
BITSTAMP:BTCUSDLong
by sumastardon
1
Crude Oil Brent: UKOIL Looking to close out on test of 63.80UKOIL: Crude Oil Brent Update In the last comment stops were raised to just under 60 as we continue to run this long-pull swing trade to its conclusion, which may happen on Tuesday coming. The low yesterday was 60.01, so it came within 6 pips of stopping out before rallying once more. A damn close run thing, as Wellington said of the battle of Waterloo. Still looking to close out on the fourth strike of the upper parallel that's controlling this entire up-wave, around 63-80 to 64.20 range, if struck. If not will probably close out just before the Opec meeting on Tuesday coming. Long-time readers may remember we ran with the last Spring rally earlier this year right up to the morning of the Opec meeting on 24th May, selling right off the highs at 54 and then buying back at 44 and then again at 46 for the current rally. Selling on the news, well just before it, may well prove to be right thing to do again. Ideally, Brent will hit the upper parallel around 64 and that will be time to exit with 1800 pips of profit (with 30 pips of original risk) on a 4 month trade. (Try making those profits on Nasdaq, cowboy) Otherwise will likely sell before Opec (on Monday night). Of all the 100,000's of financial instruments out there from Bitcoin and other less reliable fiat currencies through to bonds and stocks no instrument trends like Big Oil. Nothing is so wave-like, trend-like, or, usually, so helpful to traders. If anyone knows a better complex to trade than Big Oil, from a technical perspective, please message. The stop has to stay under 60 for now.
FX:UKOILLong
by sumastardon
UKOIL:Brent Crude Long set up from lower down at 51.09 if struckUKOIL Brent Spot: Like WTI it will hopefully get sold sold off on open in Far East about 10pm Eastern US time - if it does it should present a good buying opportunity at 51.09 for rally to 52.53, then 53.50 - worth setting a buy order up and seeing if it gets struck - and if it doesn't do the ideal and rallies from here and not lower down, it's still worth following on a move through 50.95 for rest of rally as above
FX:UKOILLong
by sumastardon