Odds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here.
There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take.
If price manages to break above 116,...
GILD looks poised for a rally back to the earnings level above. Valuation is very good here, with 14% earnings yield, among other details of the company's financials.
You can go long, the risk is risk a 3.86 per share, but profit can reach 2.61 times the risk, or more if it's the start of a trend reversal in the stock.
IBB has flashed a bottom, after a 'Time at...
We are already in longs in this pair, from lower, and we had taken a shorter term long before, but booked profits.
We added to longs a bit lower, but you can still join this uptrend now, with a wide stop for the long term.
Risk a drop under 7.9250, to reach 11 or higher in the long run.
We're above the monthly mode and I expect to get monthly confirmation in the...
Silver has a similar pattern to that of gold, naturally, so I'm splitting my risk between the two here.
The setup is the same, but RgMov is slightl different here, less negative than in gold.
Futures positioning is similar as well, so, we have to take the same precautions in it.
Good luck,
Ivan Labrie.
We have a bi-weekly 'Time at mode' uptrend signal here, price shouldn't retest the red box below from here onwards, to confirm this target.
Risk is a drop under the 84 handle here, but upside is considerable, so I'd reccomend taking a position in either this, or your preferred commodity long.
Good luck,
Ivan Labrie.
We have a potential breakout of considerable scale in the Aussie dollar chart. I'd highly reccomend entering longs if not in, you can risk either 3 times the daily ATR for the long term, or use Friday's low as your stop, more aggressively.
The target is the 0.8350 handle, to be confirmed after the bi-weekly time at mode signal on chart confirms. For now, it's not...
We should enter longs in CORN at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with.
There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move.
Good luck,
Ivan Labrie.
This setup should yield a nice up move here, if we see a breakout of this range.
We could enter prematurely, risking a drop under today's low, if the day turns up on Monday as well, but that would be riskier, so if you do it, only take a smaller risk position, like 0.25% exposure.
Today's action accross the board points to a major turning point in the markets, so...
We have a potential buy signal here, but there's risk with record high short positions by commercial hedgers. I'm risking 0.5% only here, if we break into new highs now, and flipping short if we break back below the stop.
Daily trend briefly turned down but the weekly is still up, and there's a lot of retail bulls, so tread with caution.
Good luck,
Ivan Labrie.
MCD is in quite bad shape, fundamentally speaking, and it's in a steady weekly downtrend. There's a currently active weekly signal, that aims for 99.10, in the long term, but it's also about to report earnings for Q3, so it'd be better to wait for the new Key Earnings Level to form, to enter the short side. Any rally here is a sell, due to the valuation and...
It appears like IWM will go sideways until the elections, since prices are contained within the range of the recent post 5 point spike in VIX buying spree, which sent prices to a new all time high, to then see a tight range and another sharp decline, and another 5 point spike in VIX, followed by a brief rush of buying, now almost entirely retraced. I'm monitoring...
Let's monitor IBM here, after earnings we might a drop down to support, where it can be an attractive long. We have to wait one day more after earnings are out, to trade it, but we can already label the key levels on chart, and determine what our bias is going into the report, and what fundamentals tell us.
I like IBM here, specially if it drops lower, with 8.5%...
We can take a long Peso position here, risking a drop below October 11th's low here (in the USDMXN chart, it would be Oct. 11th's high, 19, give or take).
The market is favoring Hillary Clinton's odds to win the election, thus propelling MXN up.
For now, that's what it seems to be happening. A rally from here and a solid daily LOW above -17.8395 (under 18.8087 in...
We can enter longs immediately in this pair, targets are lofty, since we have a daily but also a weekly signal triggered here, by the close of the week. Risk a new daily low, or a drop under 77.392 for the weekly setup. Target on chart.
Good luck!
Ivan Labrie.
We have a bullish 'Time at mode' signal in CADJPY, likely sending price way higher, fast.
You can jump in the long if not in from earlier today, stop is quite tight, under today's low is fine.
Risk 0.5-1%.
Good luck,
Ivan Labrie.
EURUSD has given us a bullish signal, both in the 1h and daily charts.
The monthly chart remains bearish, so we might face resistance above.
Go long at market, risk a drop under 1.09976 for intraday traders, or under 1.09635 for swing positions.
Good luck,
Ivan Labrie.
The 1h chart shows interesting developments in oil.
We are long, in red with the last entry, but holding patiently and waiting to add.
The level above needs to be broken and buyers need to defend LOWS above this region.
We shouldn't see any movement below 49.36 for the daily trend to remain up.
Good luck,
Ivan Labrie.
AUDUSD gives us plenty of clues whenever we record the key levels after major monetary policy changes or simply news related to the RBA.
If we check these levels, also paying attention to levels generated from international events, like Fed news, or events like Brexit, we can get a clear picture of what is more likely to happen and what price has to do to sustain...
