DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ADVANCED MICRO DEVICES, INC., SPDR S&P 500, DRONE USA, INC, ISHARES MSCI EMERGING INDEX FUND, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The industrial proxy peaked in early 2018 along with silver prices. It has ebbed and flowed, but the trend is obvious. Much of this has to due with China's economy rapidly slowing down. Even the state-run manufacturing PMI is about to dip below 50 into contraction while data from SpaceKnow suggests China's manufacturing sector is already below that 50 ...
As of Friday close, NVDA and AMAT appear to have the volatility metrics I'm looking for in earnings-related volatility contraction play (>70 rank/>50 implied).
NVDA (70/67) announces on Thursday after market close. The iron condor pictured here pays 1.73 credit with break evens wide of the expected move.
AMAT (68/48) announces on Thursday after market close, ...
SILVER is struggling to hold $14. In case we break down, we could see a bottom between $8.1 and $9.3. Long term play, shows the benefit of averaging down bit by bit.
Next support, looking at the $12.77-13.06 area. Going long $USLV on buy signals if it holds.
Keeping it simple!
If you have checked my other charts please do, as they are mostly all playing out so far.
SLV is not the best stock for silver, as AG is a much better "silver investment" , but Ill go through this one real fast.
Looking for a fail in the wedge, because we never get what we want, (silver boom). Pull back to targeted areas.
I've also labeled ...
Bullish DXY, Breaking above Aug 13th close of $96.13. If it closes above that today, the .618 fib level is next target. Bearish Precious metals $GLD $slv until Nov 7th FOMC, Rate hike could send dxy down, as thats what trump wants.
Bullish gold, Flag on daily chart. Fib level .238 $1225, Possible US vs Saudi arabia tensions. QQQ and SPY barely holding 200 DMA. FOMC Nov 7-8
Silver trying to bottom
Game theory has the elections outcome pegged, and based on that, this is the market prediction. I have upgraded this AI to include the new chaos theory. Very interesting results and are playing out exactly. Such as "a divide within"
Here's a taste: The democratic party division of the party itself.
When and where?
For more, you can contact me. Now custom game ...
Silver dropped more than I expected on my last post (see link below). The longer term uptrend line (dashed ) did not hold but the low from 2016 was not taken out. You can see volume has been up for awhile in the weekly chart. Have positive reversal in the weekly RSI.
Medium term bullish credit spread on SLV ( silver ). As silver attempts to break above 14.35 (spot price) we have a unique opportunity to profit on a 1 month bullish credit spread.
Max profit 14.50
Break even 13.70
Watching Silver spot attempt the two resistance points labeled. Going long for 1-2 months.
From the bullish price action I discussed yesterday, price pushed significantly higher very quickly. Price pushed into the key resistance zone of 1205-1215 last night and this morning broke above, reaching as high as 1218. This 1205-1215 zone was a critical zone to hold as it is a major road block to gold putting in a real bottom. Unfortunately for the bulls, ...
I have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, ...
My favored view unless lows of 2015 broken.
Well, the RSI divergence from my last chart crashed and burned, however, it has revealed an anomaly I had to share.
GLD has just moved the exact same distance as it did in November and December 2016. On the Weekly chart, this is also the last time RSI was this oversold.
Also, while not exact, there was a similar wave structure preceding the move in ...
1. Wave (X) is a complex correction, in that wave "X" is a triangle.
2. For me wave a) has finished and we are in the b) wave
3. I am expecting the wave "C" has to fall below the spike happen @ 14.390
to finish the wave (X)(red color)
4. Lot of possibilities wave formation and it may go messy too...
but for me this may happen here...dont bias on ...