CORRELATION : 99% CO - INTEGRATION : 0.70 long ZEUS (green) @ 16.54 short STLD (red) @11.06
the AUD, a good leading indicator of the SP 500 over the past few years, broke it's long term support line ( orange). This resulted in a ~ 7 % drop in the S&P. Now both are at critical support again. If the AUD breaks that support, you can bet the S&P will follow.
Interesting chart here . If the neckline doesn't hold , we might see a sharp drop. 2009 lows maybe? we shall see.
Seems like with falling oil prices, Airlines are catching a break. LUV( southwest) and DAL ( Delta) have been trading up lately. With this chart, i am simply looking at the Airline ETF (FAA). currently @ 31.01 with a stp @ 29.35 . Not a real trade btw.
Canada's has a commodity based economy, hence why EWC has been performing bad lately. We can clearly see a head and shoulder forming . DBC , the commodity index ETF just broke its uptrend support ( see below) . EWC may follow in the upcoming weeks.
Stock broke its up trend line a few days back , and also broke support around 26.15. Stock might go up, and trade perhaps between 26.10 and 27. But overall direction is down.
the RSI broke it's downward resistance , but looking at price movement , the stock is still trading below it's downward resistance line. Going long here is a bit risky, if you don't mind the potential position draw down. A break a above 575 would be bullish for me . watching this one closely
This is not a joke. Will add FB in 2 weeks are so......
will enter a short position on MSFT with current STOP @ $ 31.00. Will adjust the stop on a daily basis if necessary. I have no target so far.
CORRELATION : 86 % CO -INTEGRATION : .96 LONG RL (GREEN)@ 149.96 SHORT UA (RED) @ 94.73 AVG DAYS IN TRADE : 15
CORRELATION : 93 % CO -INTEGRATION : .78 LONG MFC (GREEN)@ 11.11 SHORT PUK (RED) @ 22.03 AVG DAYS IN TRADE : 11
I'm taking a long position in TLT (candle). I'm taking this trade based on the correlation (inverse) between TLT and SPY and the current ratio/delta. Both are calculated used data from the past 100 days. I expect some whipsaw in the upcoming days, but will sell at a loss if ratio returns to the mean. Anyway, will keep you posted of the next few days , weeks....
CORRELATION : 88% CO -INTEGRATION : .99 LONG TDW (GREEN)@ 47.80 SHORT SB (RED) @ 6.60 AVG DAYS IN TRADE : 8
CORRELATION :93% CO INTEGRATION : 0.81 LONG PRU (GREEN)@ 51.06 SHORT AEL (RED) @ 11.02 AVG TRADE LENGTH : 14 DAYS
been waiting for this for the past weeks are so. the Futures formed a double top and broke support. So for me, personally , I'm closing almost all my positions. This is not the time to enter new positions . As i am a conservative investor , i will go long again once the futures are above 1420.00, but again these are just my rules. Good luck and good trading
Interesting pair to trade. interesting to see that the signal recommends to short the SPY. We 'll see how it goes CORRELATION :91% CO INTEGRATION : 0.76 LONG EWJ (GREEN)@ 9.58 SHORT SPY (RED) @ 140.32