EURUSD has deviated from the usual risk off behavior it has exhibited in one year, as you can see when comparing it to inverse IBB in the line chart pair above. The last daily close is right above a low volume support level, but still near the lows. It'd be interesting to see if it resumes the uptrend from here. I'll be monitoring price action in hourly charts,...
Using the 1h chart we can study the downtrend's progress here on the recent pullback in BTCCNY. After rebounding from support, and having a strong rally, we started to pull back and dipped below the uptrend mode. This could be bearish if we don't go back above that level around 4300 soon. The 1h chart gives me some reassurance because we have hit the bottom target...
We have an interesting opportunity in GM. This is a more aggressive entry, but we'll protect the position by writing covered calls against the long trade. We shared this setup in the KHL chatroom today. Good luck! Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering...
We can enter longs in WFM here, back at weekly mode support, as well as a Key Earnings Level. Since Vix is high we can sell puts at the money for easy returns, for instance, December expiry puts or calls. We can take a long stock/short calls position alternatively, but puts should be a good idea for sure. Buy/write: 35 strike calls / Jan '17 20th expiry....
I really like how washed out this pair is. Sentiment was absolutely extreme for both instruments, giving way to a gigantic reaction after hitting rock bottom here. I reccomend being long the Pound, and short Gold overall, one way of doing it is perhaps selling FXB puts at the money, on top of any FX trade that you might want to take. Perhaps you can opt for a pair...
GGAL is offering a great short setup here. This is an ADR (American depositary receipt), that is, basically, a foreign stock that is traded in an american exchange. It's of special interest since I'm from Argentina. Fellow argentinians can take note of this setup and trade it in the local market as well. Upside risk is the same, despite the ADR being priced in...
As I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline. After this break down, all these instruments are at a major support level once again, and in sync too. Notes: I'd get out of shorts here and maybe flip long in a few days. Gold: It might have some more room to fall, but if it...
We have an interesting setup in CUBI. I have taken many long trades in it before, and this is a good chance to reenter if support holds. Price has hit the yearly SMA, and also hit a weekly range expansion bar's mid point, which usually acts as support during a trend. As a sidenote, we have a 50% speed line support here. There's an active weekly uptrend, and the...
TWTR is offering a very interesting long setup here. We can enter longs at market open, with a 10% stop loss, and aim for the 21.04 mark, or potentially higher, in case of a M&A event in the future. TWTR has attractive fundamentals, and a good valuation here, so I think it's a good stock for your portfolio, to avoid being net short at this point (see related...
This is a simple analytic piece on Gold, Bonds and Bitcoin. After the Fed meeting yesterday, the market clearly decided the fears of low rates and weak dollar were justified, with a very dovish Fed, and gold and 10 year notes rallied (and quickly chinese buyers followed suit in BTC). The interesting part is that gold has yet again broken the recent highs, which...
We have an interesting setup in GBPSGD, look to enter longs at market open, on dips to support or if we get new highs. There is potential for the weekly uptrend to resume as well, but ideally we'd want to see price move in our favor right away. As usual, risk a max of 1-2% on this trade if you take it. Stop loss orders should be below Friday's low to be...
We had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO. Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines). Technically speaking, I...
We have a terrific opportunity in GBPNZD, as you can see the pair has been in a steady downtrend but it's now against critical support, and evidently, buyers have stepped in aggressively here, which makes me think we will reverse the decline with force. Sentiment in the Pound is extremely bearish so I would like to fade it, and this pair seems like the ideal...
We have a very interesting setup derived from the spread between oil and copper, also present in CADUSD and AUDUSD, due to the correlations with these instruments. You can enter longs in AUDCAD and FCX, and short oil (be it CFDs, futures, ETFs, take your pick). You could replace by copper CFDs or futures as well, but FCX just happens to have a nicer looking...
Visa is looking like an interesting short, either at market open, or if we get a move up to 79.28 (the red triangle's mid point). We can risk a move up to 80.18 at the very least, (or more conservatively, 80.57) and aim for 71.66 at least. Keep in mind it might take a few days to achieve this target, even weeks, specially if we factor that we have to break a...
We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas. Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break...
My last trade has been a swing long position in the S&P500. The analysis tells me that we might see a rally to at least 214.08 or maybe even 214.90 in the SPY within the coming days. I will monitor price action around the key fundamental events this month, but I know before hand that if I'm not stopped out, I'll look to exit this swing long in the target zone I...
We have an aggressive long entry here in USDSGD, I copied the rally from April 29th, 2015, since it matches the current prices very well to illustrate what is possible here. There was a downtrend which has expired and we're above weekly support, so we can expect higher prices soon. In the 4h chart we can observe a potential uptrend forming, so it's potentially a...