Journeyman124

Journeyman124 Updated 

Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty...

Journeyman124

Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply. Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates...

Journeyman124

Last week's surprising jobs report sticky inflation, and persistent and frothy financial conditions may force the Federal Reserve members into a more hawkish position, forcing them to keep the heat on interest rates and the money supply. Many market participants were looking for a pause in rate hikes as soon as next month and possibly a pivot to lowering rates...

Journeyman124

Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% . This would translate into a dump right on or about the 50% fib retracement level at 3200 and change. Also...

Journeyman124 Updated 

Pull back to support for entry @6.45 accumulating for long term Canadian MJ PLay. Target 12$ Long term 25$+ Cronos Group Inc. engages in the investment in firms which are licensed to produce and sell medical marijuana. Its portfolio includes In The Zone Peace Naturals Whistler Medical Marijuana Co. ABcann Hydropothecary Vert Medical and Evergreen Medicinal...

Journeyman124

Is Crude forming a diamond top ?

Journeyman124

Could Crude be forming a Diamond top?

Journeyman124

First wave of sellers RSI weakness from prior highs says the big boys are waiting to get back in after a correction which always occurs after lofty runs extremely overbought indicators and unprecedented buying by speculators. Rate hikes looming should support the dollar somewhat going forward. The oil markets don't like rate hikes. Looking for a 7-10 %...

Journeyman124 Updated 

RSI Divergence indicating a false breakout. Overbought. Short side channels should start to take hold.

Journeyman124

Dead cat bounce