Treasuries have been driven up again on deflation/global risk. Gartley formed.
Always check for log trends on multi-year time frames along with linear.
PSAR is bearish after topping multi-year channel.There is little correlation with the market in price action.
Spread between 10 and 2 year treasury rates to detect when spreads go negative (inverted yield curve), Currently at the lowest level in the spread since last recession. Historically, inversions of the yield curve have preceded many of the U.S. recessions. Due to this historical correlation, the yield curve is often seen as an accurate forecast of the turning...
With two consecutive ~(40)% drops...there might be some relief as we just hit $30 wti. Looking for some quick short cover moves.
Nice evening star on the gun control news. PPS is now possibly over baked with strong fundamentals, look for profit taking from the price gap today.
Failed squeeze and correction triggered 1/4/16
Why? because the fed is going to raise rates this year and/or the looming threat of an "imminent" rate hike will only continue to put downward pressure on bonds. Recently we've seen some relief due to technicals, an oil sell off, and flight to safety from a China scare. So take advantage of the current pps in TLT and go short.
Releasing short leading up to a possible September Fed rate hike.
Down 10/11 last sessions, oversold on the Exponential Envelope. $120 Target
Historical earnings puts pps in $30-$34 range (over last 1.5 years). Sell of in oil has provided an opportunity to get in cheap before earnings release. Oil has minimal impact on guidance and earnings for solar stocks as of now with even higher analyst targets. ~25% upside potential on this trade.
JP Morgan is overweight with a $42 price target; Goldman Sachs also started it as buy with a $37 price target. SunPower has a consensus price target of $40.20.
New all time highs for Amazon. Coming out of a weekly squeeze with 10 days before earnings. Close position before earnings.
Trend line and horizontal support. RSI divergence as well.