#TLT has finally triggered a bearish signal here in the weekly chart. It has some good downside potential, but eats up a ton of cash if you short shares. Keep that in mind... Cheers, Ivan Labrie.
It seems the $CAD will regain strength here. The dollar printing and spending is starting to show up in currency charts and bond yields, whereas for now it was only reflected in the price of Gold, Bitcoin and Stocks. It'd be interesting to capture upside in commodities and commodity related plays, apart from the other stores of wealth I mentioned above. On the way...
I'm actually talking about the real commodity here. Interestingly it has a nice base and daily trend signal here, which has decent upside vs risk. I'm long since last Friday, near the open using July corn futures. Looking for a move towards the target on chart in time. This could be a major bottom, so, probably interesting to see if we can keep a part of the trade...
I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly...
I think this ratio is bound to go lower here, should be a good trade to put on, roughly 33% size needed to get a good enough exposure to it. It is capital intensive so it is probably easier to do with futures contracts. Cheers, Ivan Labrie.
Copper is acting strong here, so far the 2 day timeframe had captured a good rally here, and subsequently spotted the bottom of the correction after it hit the target. There is another signal active here, similarly to the price action shown in stocks. I expect copper to rally until the end of May easily, upside targets are on chart and are valid while it holds...
With everyone so damn bearish since the bottom, it has been clear to me we have been climbing a huge 'wall of worry'. The daily chart shows #SPX can rally for two weeks+ here, peaking for some time when retesting potential supply near the top (see the bright red boxes). We should see the economy starting to open up gradually, overall we had a intense rally in...
I'm talking about the inflation adjusted chart high of 1980, not 2011...It seems this is the first big yearly time@mode signal in it since the bottom in 2001. The highest low resistance zone in the yearly chart, from 1980 had kept price subdued for years but the recent measures introduced to fight off the Coronavirus induced crisis and societary cost will have an...
Bitcoin has confirmed a weekly chart uptrend signal here. Me and my clients are long with a pretty low cost basis, sub 6k, recently reentered longs at 7830. Demand seems to be surpassing supply here, which is a bit surprising considering the efforts I feared large miners might be doing towards gaining market share by eliminating weaker miners running older...
The weekly chart shows the recent surge is likely topping, and might start falling between now and the next 3 weeks probably. Fundamentals favor a decline as governments go into spending binges to counteract the virus induced crisis. @timwest pointed out this short idea recently, props to him for spotting it. I do like how wild the disconnect vs #Gold is now,...
I suspect the weekly down trend will extend towards the downside target suggested by the monthly timeframe here. Since the Fed announced their 'whatever it takes / infinite QE' approach towards containing the economic shock caused by the COVID19 induced panic, Bitcoin enthusiasts were quick to find yet another excuse to be all in, and justify their expectations,...
I'm thinking the Euro is a huge short here. I'm short from a tad higher, but considering the reward to risk I think this is a very good trade to reccomend. Between 6 and 12 to 1 reward to risk ratio. Stop is 80 pips higher or so...Keep risk between 0.25% and 2% of your capital. Target is hard to quantify, but it could be a long term top here since it was rejected...
In this chart you can see the signals we see in the yearly $DJI chart, using Time@Mode to process the data. This method has had great accuracy in all markets, a great way to analyze and trade trends in different assets. The stock market trend is up, despite what bears like to think, and there's still time left for the major trend cycle here to go into a...
I think the landscape changed a bit, probably due to excess leverage that needed to be weeded out. It altered the shape of the long term chart, but overall, didn't change the fundamentals or long term technical potential the #Bitcoin chart has. Now that sentiment has fully reset, I believe buying gradually here will pay off. Unless price hits 2544 within 3 weeks...
As you know, I was short #BTCUSD from the 9100 zone on last week's bounce. We covered that short near 8000 and speculated on a potential bottom at the strongest support level below 8363, which was the 7600-7700 zone. If price doesn't go below 7411.85, the existing 2 month timeframe trend signal will remain active, suggesting price will trend up from here if that's...
Monthly oil had flashed a downtrend signal recently, and appears to have bottomed after moving past target #1 and almost 70% of the range of the 2nd target. Sentiment peaked in all markets, stocks and oil, and BTC, I think we may have seen the worst of the decline already. Interestingly, people are now changing their mind regarding stocks and crypto, hearing many...
I'm out of hedges, and looking at price action closely. I do like that leveraged longs closed on the way down and are still reducing here. Shorts went to cash -big traders were most likely hedged, and are now increasing shorts gradually again, at Bitfinex. The long positioning was very extreme, and given the drop and margin calls, is likely resolved, as far as...
This will be an unpopular chart but wanted to share my CME futures analysis as well. This chart has proved to be remarkably useful since inception of CME futures. Currently the weekly signal indicates prices will be under pressure for 11 more weeks after this one ends. Downside target might fail to be hit (4544.59), if it is reached, then it would be a...