On this chart we can see head and shoulders, which is a bearish pattern. Take the short position once the breakout of the neckline occurs. Stop loss should be set above the right shoulder. Target is shown on the chart.
Aust economy seems to be doing well despite Russian invasion causing supply problems in Natgas & wheat. Aust is rich in natural resources. So maybe EWA is also a good hedge against FED increasing interest rates to control rising inflation. (I hope it is not too late because the 2yr-10yr yield is very near zero. The short term rates rose tremendously in the last...
As you can recall in the link below, I have been looooong Australia for a looooooong time. Last time Australia had a recession pre-covid was 1990. This is their first recession in 30 years, and is exactly the time to build up your dividend dedicated strategy play here. I have made suggestion on may fund strategies ranging from delta neutral option making IC...
The last recession in Australia was in 1991. This is a safe place to be.
... for a 1.41 credit total. Notes: This isn't paying much from a credit standpoint and isn't the most liquid thing in the world, but wouldn't mind acquiring shares. Currently a 6.20% yield.
Anticipate more upside. This is a view that is correlated with the long side of gold, short side of USD/JPY, long side of bond price. It is betting against the trumpflation. My thoughts here is a continuation from the last months cool down from the trumpflation.
The trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target. Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well. Steel/Iron ore is also looking great, which makes this a sure buy. Shares of X or STLD would be a nice buy as well. Good luck, Ivan Labrie.
Good Day mike, how you doin'? What do you call a deer with no eyes? "Opera House" collapse! (No offend)
Big/small caps ratio rejected again at the same supply zone - 1,27 fib not shown - for third time during the last 9 months. Might provide a second short entry around 50% of the pin bar, might not. A second entry, for those missed the pin, will be at the break down of doji. I would love ratio to be the other round, but it's not, and that provides a danger zone for...