This metals & mining ETF is approaching a long term resistance zone. A break above this zone would be bullish & could set up for further long term price appreciation.
Topped out in range but given that gap up this past June above the regression channel, I would wait for at least 1 more gap up above the top of range.
XME is the metal and miners ETF. See reference info here . It is Not Yet bullish, nor rallying, But appears to need to close above 27.50 for the week for it to properly attempt a technical bullish rally...
... for a .94 credit. Notes: Selling a delta neutral short strangle in the first expiry in which the at-the-money short straddle is paying greater than 10% of the underlying. Given the smallness of the instrument, will do additive adjustments if necessary to delta under hedge.
EARNINGS: NFLX (46/41) (Tuesday After Market Close). The metrics aren't ideal here, with the rank below 70%, the 30-day below 50% and the at-the-money short straddle paying less than 10% of the value of the underlying in the February cycle, but this is the best of the bunch announcing next week in terms of both liquidity and implied volatility. Pictured here...
Weekly Chart : The XME is in a Down Trend for almost 2 years. Two important Technical keys: 1. The Down Trendline 2. The Support are of 24.25-25.43 Daily Chart : The price getting squeezed between the trendline and the support area - The Probable Scenarios : Scenario #1 is more probable, im looking for a break of the support area, in...
All depends on BTC, but let's prepare for bearish scenario. Idea is to sell the fakeout with 10% stop loss (above previous highs) and first target at previous support at 72.60 and the second one at channel low at 52.30. If XMR won't reach the channel upper line, I'll sell the break bellow 82.00 with the same targets and initially the same stop loss. Disclaimer:...
Bearish USD, DXY rejecting .5 Fib level for 5th time. Look for bounce in $xme $gld stocks. Next FOMC Nov 8th, 98% rate hike projected
Bearish USD, DXY rejecting .5 Fibonacci level .for 3rd time. Short term, Buying precious metals $XME $gold stocks.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
A bullish signal on XME (Etf Metal & Mining) with the target in the area $40.30. Stop loss at $35.90.
Looking like the dollar crossing the daily trend line is a failed rally. More down side to come in the very very near future.
quietly the XME has broken out of a 2017 lull, and with that we go long.. a few ideas how to play this 1. Poor Mans Covered Call 2. Sell puts.. Both situations seem decent, but if you look at the possibility of being wrong, the PMCC offers the least amount of pain and suffering. Lets explore if selling puts, using Delta30... we will be getting $53 and using...
Breakout of bullish wedge, RSI breaking out. Keep an eye on volume