FROM KIMBLE CHARTING SOLUTIONS Since April of last year the Australian $ has a decent track record of predicting when the 500 index was about to be put under pressure. The Aussie $ is now back at the levels that has suggested investors should guard the value of their risk assets. Investors who are long risk assets and their want to see the Aussie $ head higher...
Stock might follow channel up to $18, which is a very strong resistance level
CORRELATION : 90 % CO -INTEGRATION : .76 LONG DAKT(GREEN)@ 9.84 SHORT ETN(RED) @ 51.95
CORRELATION : 83% CO -INTEGRATION: .98 LONG OSG (GREEN)@9.82 SHORT TNK(RED)@4.40
no clear direction , weak trend , decreasing volume , really don't know where's this stock is going, However, i like the current wedge formation, especially around strong support levels. want to go long IF 71.55 is broken .
THIS IS NOT MY PROJECTION FOR THE MARKET. Doug Kass recently published a chart similar to the one you see. He 's now bearish on the S&P. so what do you think . refer to link below for original chart www.businessinsider.com
There 's a chance that the stock fall below $ 29 again to test support level around 28.61. if today's high ( $30) is broken, i will mostly go long .
correlation : 95% co-integration: 0.80 LONG DE (GREEN)@83.99 SHORT CAT(RED) @ 114.03
correlation : 94 Co -integration : 0.98 LONG CAKE (GREEN) @ 31.12 SHORT BOBE ( RED) @ 38.50
correlation : 70 % Co -integration : 0.98 LONG TK (GREEN) @ 27.47 SHORT NM ( RED) @ 4.26