May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 57.50 strike with a July 2 expiration.
In my attempts to work out if the present rally is the beginning of a new uptrend or part of a larger correction I am will look at almost anything that might provide a clue. Does this ratio of the US market equities to Ex-US equities offer a clue? Perhaps, if this count has any merit (which I am doubtful about due to the very extended nature of my 5th wave). It...
... for a 3.33 credit.
Notes: My last acquisitional setup. Current yield at 3.48%, which beats SPY's weak sauce 1.89% hands down. Fine with getting assigned, proceeding to cover, or just keeping the premium.
A review of EFA shows a slight break below a perceived neckline with stochastics indicating that further downside is possible. When reviewing EFA versus SPX, EFA is performing better. I'll attach that chart below.
While SPX might outperform EFA over the next week or two, the SPX/EFA chart looks toppy and in an diversified...
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs.
Here are a few acquisition ideas...
26-Jul
Stock price trend forecast timing analysis.
See a forecast candlestick chart of 10 days in the future: www.pretiming.com
Investing position: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend: In the midst of a downward trend of strong downward momentum price flow...
Trade ware heating up between US and other countries now, EFA showing strong sell pressure @ 65 level.
Possible Head and Shoulders forming. Close below 62.5 confirms H&S pattern with price target @ 60 representing over 5% downward move.
EFA freshly breaking out of a large weekly bottom and seeing a number of top European names w/ similar patterns $SAP $ABB $UL . European stocks have lagged the US but may have some nice upside here
Bearish divergence daily. Pattern is technically a head and shoulders. Close to neckline. If right 61.50 could be in the works next week. Weak numbers in Eurozone and england say regardless brexit risk Europe is in trouble.
Good day folks,
I am currently working on my watch-list for this year, and I found this chart very interesting. Of course, this is a very long time-frame and things could change drastically, but there is information on it that raises pertinent questions about what is going on in the market ATM.
EFA is in a triangle within a larger triangle, and it just bounced...
EFA
