USDSEK is flashing a sell signal here, but the longer term timeframes are in an uptrend, this makes for a great place to look for longs. I'm monitoring the price action to reenter longs gradually until the 14th close, aiming to risk 1% overall, if price were to drop under my stop. For now, if you wish to buy, you can enter here but risk would be bigger, so keep...
DXY is in a long term uptrend, so, corrections give way to excellent buying opportunities. This way, we can profit from exploiting volatility, while following our long term vision and fundamental bias. There is a correction under way, which I assume can be similar to the previous ones. I think the move up will start soon, but it'll probably gain steam after FOMC...
We have closed half higher, near the high of the day, and now stop is at entry price. It might take a while to proceed higher, so there is no rush, simply hold the position for the time being. If you want, you can short calls against it until January but you would defeat any possible upside to come. I did reccomend shorting call options for the $OXY trade though,...
EURSEK has given ample confirmation that a new rally is taking off from here, you can take a half position here, risking a drop under yesterday's open, or if more conservative, entering gradually over 3-5 days. Your size should be 4000-8000usd worth per every 10k usd in your account, to risk 0.5-1%. Don't use a stop loss. Exit if we drop under today's open. Good...
I'd reccomend against using stop losses here, you may go long on strength after the close. Risk is $3000 per standard lot if entering here. We can aim for a retest of the election highs at least.Risk 0.5-1% buying over a few days. Seeing a new low here isn't good but it might take a while to get going, so I'm open to that happening. The price action is a bit more...
In this chart I show you the key events and times of occurrence ahead of the news today. The US futures market will probably open with a gap due to opening after the polls come out, but there will be plenty of time to await the official results, so, the market might remain volatile and directionless before the results are out. I'd reccomend you keep risk small if...
TLT offers a low risk buy if we make a new high tomorrow, with a stop under the recent swing low. We can aim for a retest of weekly resistance, as signaled on chart. I'd rather buy and exit there to be safe. There's a chance we might be able to flip short at that level, but I'd rather take that trade by buying $USDJPY and $USDSEK for instance, and/or shorting...
WST offers a low risk short trade, specially if we open below 79.06 tomorrow. Risk a move back above 81 or higher. You can enter a half position first, so keep risk to 0.5% or less. Max risk shouldn't exceed 1%. Props to Tim West for all his help and insights. Good luck! Ivan Labrie.
I think ETH has fallen enough here. The euro value of it will turn around, since it has hit the levels associated with the Bitfinex hack. If it doesn't go to 5.96710 within the next 2 months, we could see a monthly scale rally in it, probably due to a change in fundamentals. It's good to see buyers step in here, so, it only takes an increase in activity, and some...
I think Gold has bottomed here, so, after today's close, we can buy a 0.5% risk position, with stop loss 1 tick under today's low. To be safe, don't place the stop, but watch it. Position size should be based on this, or if conservative, daily volatility. So, two options: Buy a new daily high, after today's daily close, Risk 0.5% if price moves under today's...
GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too. Good luck, Ivan Labrie.
The long term uptrend signal I was looking at has triggered here, so I think we can get higher prices in the long term, although I see a very possible retrace in the dollar coming here, but only briefly. If anything it's an opportunity to reenter long term dollar longs. Invalidation of this thesis would come if there is a big fundamental change that causes price...
CLX offers a very tight stop loss short here. We can enter on a drop under today's low, with a stop at today's high and aim for a retest of the recent lows before this rally. Good luck if you take it, Ivan Labrie.
I think we'll see a retracement next, but I'm not sure about calling for a downtrend in the longer term here. Although fundamentals favor a rally overall, uncertainty over many global events, and proximity to the end of the year, might trigger profit taking, which would drive SPX lower, at least to 2170. If this level doesn't hold, we might test the linear...
PGC has a nice buy signal here, risking 0.25% with stop at 26.45 and aiming for $31.10 is probably a good idea. Good luck, Ivan Labrie.
GM, being a high beta stock, really moves, when it does and I think we could see a pullback here before more upside, so it's a good idea to either sell calls against your longs, or simply taking profits and waiting to reenter longs lower, against support. Good luck, Ivan Labrie.
USOIL has rallied after the dip that started last Friday bottomed against support. Like I explained in my futures chart, shorts could get trapped if price were to move above the level I labeled in it, and, moving above Friday's close, would warrant a long trade too. The long trade idea is working, and now we're faced with a few possibilities going into the OPEC...
GBPJPY is probably going to retrace part of the recent post election rally here, you can short at market, or on retracements, with stops over Friday's close at least (or more if more conservative). Good luck, Ivan Labrie.