NASDAQ:BIDU appears to be oversold and there is a possibility of one leg up in anticipation of Trump-Xi Meeting. Risky trade. Sell on a bounce. Keep a very tight stop loss
Running two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...
When's a wedge a wedge and when is it a pennant formation? To answer this question:- #1 The wedge occurred post a trend-break which from experience is usually an ABCD down move at the minimum #2 The wedge is situated at a key interim support level (note the key SSR level at 2800) #3 Price action is now clustering below a new SSR level #4 Price action tried...
Hi everyone, We broke the triangle in favor of the US dollar. If the US/China trade talks go well on Friday we could see a come back from the MX peso. However, if we do not have good news on Friday, we could see soon the USDMXN around 19.50.
Deal or no deal. Price matters
Using Fib levels and Elliott waves sync'ed to past crashes. For the record only. www.marketwatch.com
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US. The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
On the Daily, I found 4 fib relationships, on top, its at the 200, breaks then going long $DWT or $DRIP.
Let's keep an eye on the Fed's positioning after Trump's comments about interest rates.
CAD should outperform NZD over the coming weeks. Constructive NAFTA news suggests that the US may be getting closer to an acceptable agreement with its trading partners, which should lead to a continued re-pricing of the trade risk premium. Risks to a more dovish RBNZ continue, with the new Policy Targets Agreement likely to add a second employment mandate and...
Just finished writing a detailed analysis of ADES in which I talk about the growing demand for refined coal both in the United States, and more importantly Southeast Asia. ADES is sitting on loads of cash, its turning around its cash from operations, and has a solid catalyst in its chemicals business that puts it ahead of the industry. Using DCF it has a fair...
Possible trade based of North Korea mess. Boeing could see more upside. Will consider weeklies and monthlies. Feel free to comment if you have any input on this analysis. Follow for more trades including stocks, options, and cryptos! Thnx.
read about the dollar and Trump in an article today and charted it myself!!!
Gold Chart I see a Potential Inverted Head & Shoulders Pattern forming "waiting 4 right shoulder". At moment long call option is active. But this is what i'll be tracking as the week goes on. So, let's see how geopolitics will react. #Gold and Treasuries Rallied on Geopolitical tension #Trump Tax #North Korean Problem and French election this is a general...
The Trump rally has the financials arguably overbought. Interested on people's take on the rationale behind price tag of these financial stocks. FAZ provides a great opportunity to profit from a selloff.
Copper and russel 2000 express a strong correlation during the last year due to the reflation trade. I see a deterioration of the situation in copper (confirmed HS). Can be indicative of a deterioration of the most crowded trade of the last month?