Heading for 2nd breakout above 22.5 on the VIX? Stay bullish as long as we remain >20.5. Momentum positive, if slightly overbought.
Volatility has been at very low levels throughout the summer Currently exact mirror image of SP500 with a nice rounding bottom Recently broke above key 20.50 level and formed a golden cross (positive cross-over) Looks slightly overbought for now Expect some breathing space today and resumption of up-trend next (election) week STAY LONG (VIXX) if you are BUILD...
If the stock breaks below the 100MA, there is nothing left to support it. My bet is that it's going to go in the 31$ area. On top of that the elections are coming very quickly and this creates a lot of fear in the market. So if it breaks below the 100MA, I will be buying TVIX and VXX
Stalking a good buy price again for this pair, possibly a bounce somewhere near 0.8968 with wider SL (close to the trendline), or a breakout at 0.91020 (R2), while keeping close watch on its ATR for another round of volatility esp it's near the weekly range resistance already. (www.euroexchangeratenews.co.uk)
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
Looking for a setup now on lower timeframes for good entry, best to test previous resistance line (which was broken with a shocking crash for GBP) as support, which is now also at 38.2% retracement and 20 MA of BB. Decided to share this idea due to its pretty decent R/R Ratio. Good Luck!
There is an important resistance level in the area of 40$ and the stock can't seem to break it. It tried many times but it remained unsuccessful. On top of that, we can see an important RSI divergence which can give us a hint on which way the breakout will be. The fear of the elections will also drag the price down below the triangle.
Hello Traders, This is a mid-morning update. Following Gold's failure to close yesterday above the previous day's high, and today's failure to hold above the 1267 price level, I closed my Gold position that I had opened last week. While it would be very unusual for price not to at least touch the midpoint on the BB, there is also a very good chance that price...
Good Evening Traders, It's always nice to have a solid move after an inside bar and that's exactly what we got today with Gold. Gold closed the day up 6.3 points to close out at 1262.9. After trading sideways for 7 days, including that inside day yesterday, the precious metal was able to finally push up past the inner Bolling Band. In addition, the Stoch RSI is...
Good Evening Traders! Another lackluster day for Gold, that's for sure! Gold traded up to a high of 1258.2 but that was not enough to break last Friday's high, showing that Gold remains extremely range bound. On the positive side, the Stoch RSI continued to make its way toward the 20 line, giving the bulls hope that a breakout is due in the next couple of days....
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This...
Hello Traders! Gold prices have maintained a steady state at the 38% fib retracement level. That fib is drawn from the low of 12/15/2015 @ 1056 to the high of the year at 1383. Steaming from the big selloff two weeks ago, the Stoch RSI has had time to stabilize and may be ready to move above the 20 line. Could this be the beginning of the next cycle up? We...
BMY recently has had poor lung cancer treatment results and is getting sold off, movement compounded by Mercks recent promising results in the the same treatment field. Today was another huge down day, with a push past 3 standard deviations according to a 20 day closing Bollinger Band. Long because On Balance Volume has been improving while the price has been...