My most recent equity position is active. I'm long $DDD as it has broken out of the symmetrical triangle pattern it was trading within for 55 weeks.
I have highlighted accumulation volume with green arrows. I have also plotted out the Fibonacci levels to keep an eye out for.
Anyhow, good luck. Trade smart and with a plan. Cheers. =)
Oil is at a true crossroads, testing whether the bull thesis shall be ruled correct.
We have had a daily close below the 200ma and as P.T.J says,“One principle for sure would be: get out of anything that falls below the 200-day moving average.”
With that being said, oil has tested the uptrend multiple times and we are seeing some weakness...
Oil consensus seems to be that it is expected to continue it's bullish run after the narrative behind the "long oil" trade completely does a complete reversal looking to surpass the highs...?
I'm not sure about everybody else but crude is banging around its daily 200ma and testing the bullish uptrend it's been on for a year or so for the 5th time. It would not...
EUR/GBP has seem to of formed a 10-month long ascending triangle pattern. After congesting within this pattern for some time it looks as if we have the potential for a breakout swing trade in either direction.
I like to play it safe and trade in the direction of the breakout when it happens instead of trying to predict exactly where the market...
I've exited my neutral options spread on $TLT today for decent gains as price retreated back to the center of it.
I am now looking for the potential to add back into a directional position on $IEF (better cost basis then $TLH or $TLT) through common shares if we get a bounce at the 23.6% fibonacci level. Stop will be announced in the updates...
The previous week offered a decent intra-week opportunity for me to short oil for a 2 day hold on the short (covered on Friday at daily 200 MA).
Now on to longer time-frame opportunities with oil and oil related assets. Overlaid on the chart is an area chart of WTI Crude Oil (ticker: /CL). With the potential for further weakness in the black...
We now find gold at a true crossroads between what could be the beginning of a new bull market in the commodity or the beginning of a new leg back down to 1100.
There are multiple uses for gold as a hedge for various reasons so I'll veer away from attempting to use any of them as an explanation and stick to the purest form of analysis which is...
Looks like the crowded bond short consensus/reflation trade is about to get smacked... Positions in stock and options between $TLH and $TLT. Extreme positioning usually does not end well for the herd.
I wonder if people shorting when market rate for 10-Years was above 2.31% ever even knew that rates have been under pressure since peaking over 3 decades ago.......
I'm mostly testing out neutral strategies with small positions to add to a separate portfolio dedicated to market neutral strategies.
The position is as follows.
Option Strategy: Iron Condor
Position Expiration: 21 APR 17 (Red Vertical Line / 10 Days to Exp -1.05% .)
Total Legs: 4
Total Contracts held: 16
Position Breakeven Points: $63.74 /...
News of South Africa being cut to junk has brought my attention back to the South African Rand. The reason for the cut stems from South Africa President Zuma's decision to remove the finance minister Pravin Gordhan in a move to fill his cabinet with loyalists. Historically, a shake up in the countries finance ministry has undermined economic...
At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective.
Technically the yen looks poised for further gains since closing below the previous month's lows.
I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to...
The company meets my fundamental screens. But I'm just looking for a quick 2R - 3R bang from it at the moment.
Trade idea is outlined on the chart.
Price gapped again on volume above $78 resistance after basing below $71. Price is trading +4% from the 50 Moving Average and has had a significant run since January 2017, hence the reason I'm more hesitant to...
Wow, quite some moves happening in the market today. We finally have an over 1% daily move in the S&P ETF.
I'm personally watching for a potential bounce at the 50 Moving Average and plan to initiate a bullish position by purchasing some call options. When price nears the moving average I will update on the expiration and strike I'm looking at....
I am taking my first bite at my newest position. I have been stalking $WB for quite some time, wanting exposure to the Chinese "micro-blogging revolution".
If you want the fundamentals by the numbers you'll just have to look it up on your own. But the foundation of my fundamental screening in equities is based off of earnings growth......
Markets remain quiet for the most part as it awaits the outcome of the FOMCs meeting this week. Trading within a tight range on declining volume between the 235.7 - 237.94 handles.
A break on volume below the 235.0-.72 area would signal a heightened potential for a 2% - 5% pullback to lower previous higher lows seen for the current year.
A break above on...