Banks look extremely strange after the HSBC scandal. Since the stock recovered from March they had never been below the support line(I labeled them.) So the question is, does this fall from here? Or will there be a strong rebound incoming? I am slightly positive because of the Tik Tok deal and possible WeChat deal, and hopefully, that lift up investors' confidence.
Closed all my shorts today. Easy money. Right now, I am starting to build my long portfolio and let’s see what goes next. Will add more at 100 and 90 level.
Coffee in my opinion. Touching the resistance line from 2011, and I don't think it's possible for coffee to break out. TP 120(MA50), but I would recommend 110 for a more aggressive trading approach.
Great time holding corn futures, looking to short. MA 50 shall be the TP.
As shown in the diagram. I don't think a breakout from the 8 years range is possible, so I think it's extremely like that we are going to see some fall after the earning jump. TP 175 in the long term (MA 50), but I am eyeing 220.
Didn't catch Farfect's stocks earlier, but now we are on the way towards the resistance line. Earning is certainly the key. However, I would look to short around 2000 shares and hedge with some August 21 calls. TP 17.
In the left-hand side, I attached Nasdaq's resistance line from 2009-2020, or the bull market we are at right now. Qualcomm also displayed that trend and Facebook provided some hint as well. However, are these signaling a breakout of a new bull market? I don't think so. In my opinion, the market is really delusional with the fair value of stocks, and a short term...
Ready to short as Disney approaches its resistance line. TP120
Here comes the divergence. Are we going to test 1920 level again as a support of a resistance? I don’t know. However, once the direction comes clear, I will follow the trend and engage either short or long. Waiting on the sidelines right now.
Longing gold. Strong support at MA200 and support line. TP 1920, SL 1845.