All metals are green 1%-2% and Gold is not exception. Tension in East of Ukraine add fuel. It held support and broke up wedge on short term time frames. It reached down trend line - doesn't mean it is a sell, just DON'T be TRAPPED buying here. I want to see small pullback/consolidation before continuation to next resistance at $1315.5. Check my Idea on Gold in...
Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since...
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up. Check out my recent idea "cup and handle" to figure out my thoughts.
The S&P 500 just broke up consolidation that was theme of year 2014. Yeasterday, sectors that were recent laggards (high-beta, small-cap) showed relative strength. Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape. This solar company attract my attention. It was wedging...
This retailer had couple dissapointing earnings before, but on the last it beat above consensus with EPS surprice 0.11 and gapped up with pivot support @ $7.00 that was confirmed and retested in the mid of April. And from the beginnig of May it is building nice upper-level base in front of resistance $9.30. Yeasterday, it broke up tight consolidation which...
On Daily chart pair entered into consolidation after move up on QE form BoJ. On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down. Stop above 102.150, Target...
From the beginning of the year gold was in uptrend from $1179 to $1392 (around 20%) then sold off from highs but found some buying support $1268-$1278 (around 50%-61.8%). ENTRY: This pullback is still controlled and with this 1) doji candle bounced off from support zone it gives me entry with tier1 then 2) I will add if it will hold above moving averages...
Keep an eye on EUR/USD after last week's decision by the European central Bank to wait at least another month before reacting to rising deflation risk. It spiked higher on Friday but later dropped down below break out area at 1.39500. Dropped below short term moving averages means that sellers took control and it is something to take notice for active buyers. ...
If we See on 1D TF , i think this is rising wedge.. the parabolic SAR is above candlestick now,MACD Crossover,RSI sill look bearish,look at the kumo :D .i suggest to look 4H TF to place your position.. in my opinion : price will move up first then go short all day :)
US markets (Dia, Spy) are trying to push to new highs. Money rotates to safe heaven, high dividend, large cap stocks (www.cnbc.com). Cisco is component of both indexes DowJones and S&P. It built nice inverse Head and Shoulders pattern with neckline @ $23.60ish area. And we have series of three higher lows: first is bottom @ $20.22 then right shoulder with...
Markets act very healthy as money rotates to safe heaven, high dividend, large cap stocks. (more analysis on markets in link chart) Yeasterday tech giant reversed from lows and closed near highs, means that buyers took control and regained important support at $39. Today it triggered ENTRY LONG above previous hod @ $39.51. STOP below $39 and $38.50 TARGET...
EURUSD is rising in Draghi speach, there were couple of points to make your adjustments. I was trading it as breakout failure , but when friday's job report came out with V shape reversal, pair regained some levels of support and consolidated in front of resistance. It broke up on weak US dollar and was flagging for one day, controlled pullback. Today, it reached...
This major cap biotech company borke its major support at $150. Now it acts like resistance. ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET) IBB (biotech ETF) looks very weak.
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86. That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55. BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
On daily chart it approached previous lows which could act like support. On 15m timeframe it showed some strength, broke up resistance in the morning which became like support. I am watching for buying opportunities close to support and will add through down trend line and intraday high.
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down. There is no well defined level of support confirmed by price action, so...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...