Key reasons for taking a position: Triple RSI divergence, with lower low price made for every higher highs in RSI Velocity of the crash is getting steeper by the day! 77 degrees Price is close to the 2003 support lows. Take your time in building a position gradually over time, as I'd still want to wait for the final indication to go all-in for a...
A pretty speculative and niche company, nothing much to say about fundamentals other than technicals. Waiting for a retest of the IPO price at $25~29 range to enter a trade, with take profit at 0.618 fib level.
This is a time where all fundamentals about the oversupply of oil, glut, and worsening global economy should be ignored. It is simply so oversold that it in the near term it will vastly outperform most other assets. There's simply a limit to how low it can get before it bottoms. No, WTI (USOIL) isn't going to $20 in the near term yet. I do see a possibility of...
Looks pretty tasty to launch a second rocket attempt. A double bottom and a cup and handle pattern with 50% retracement after the 1170 peak made on 24th August. Entry: 1124 S/L: 1102 T/P: 1220 Weekly perspective: This uptrend will be pretty fast and short lived.
Pretty quick one.... Double top pattern seen in oil, and a divergence in the trend. Now that we've got almost all shorts squeezed out, its time to squeeze the folks who longed oil late again ;) Stops will be placed near the previous top of 48.96. 1.84 ratio risk reward. I'm entering the trade via DWTI, at $97. Premarket.
Bear market is over after such a massive break of 2015 range? Not yet! Expect more over the next few days... this leg is incomplete, I expect 5 waves down from here. The market needs to capture a bit more sheeps that are conditioned to 'buy the dip' for the past 7 years to go even further below. ------------- 1857 range should be OK to take some short term...
Any range between 36~38 would be a prefect entry here with no more than 3x leverage. Based on the trend-line since the start of 2015. Doom takes time, and the market will not just go down vertically :D I think we've had enough for this round... It'll be a good time to squeeze some shorts accumulated since the start of June before going into $20 oil. UWTI: ...
M top neck-line confirmed, it looks like our last shelter in the midst of global currency devaluation is gone. Don't expect FED to raise interest rate in this market crash, but QE4. Time for gold to shrine? Treasury, gold, and bitcoin now.... All fiat currency in crashing mode.
"Singapore, 18 August 2015…Prime Minister Lee Hsien Loong today unveiled a set of six commemorative currency notes to celebrate SG50. The commemorative notes, issued by the Monetary Authority of Singapore (MAS), comprise a $50 polymer note and five $10 polymer notes. Together with a set of three commemorative coins launched in April this year, the notes complete...
As WSJ have put it Gold is supposed to be a haven amid hard times and soft money. So why, even as Greece has defaulted, the euro has sunk against the dollar, and the Chinese stock market has stumbled, has gold been sitting there like a pet rock? www.wsj.com The answer is here. The devaluation of yuan will spark even more currency devaluation ahead (including...
The term 'currency manipulator' should be useful for the US again to label China ;) Who will win this devaluation war? Absolutely no one when everyone is devaluaing their currency, and even US will probably not raise rates during December.
Clearly bitcoin is in an uptrend right now, and this consolidation certainly proves that more upside is coming. For as long as it doesnt make a lower low here . Good risk reward if you ask me! 2% loss versus a potential 38% gains. Why not? Weekly chart:
Dead cat bounce seems to be done on this M top.... $35 WTI is still in the books.
Nice major top structure in place. (Short term M top and long term double top) Have fun! We've plenty of cheap oil for years to come, why bother about electric cars? And no, the cheaper Tesla model will not save it. We've a huge glut of cars in GM's warehouse as a result of QE. Overleveraged, overbuild without consumption increasing. It is way more than 2009...
It is expected that the Singapore general election should be held within this year, coincide with the 50th anniversary and the death of the former Prime Minister Lee Kuan Yew recently. On one hand, in order to get sympathy votes from people and also a weakening economy globally. It won't help the ruling party if the election were to be held in a period of...
How far can this ponzi really go? Will biotech change the world forever? Is it really different this time? Short it after it breaks the curve. This could go up for another 42%, who knows how many greater fool are there still.. • BIS UltraShort Nasdaq Biotechnology 2x: etfdb.com • BIB Ultra Nasdaq Biotechnology 2x: etfdb.com • LABD Daily S&P Biotech Bear 3x...
For the whole of July, US dollar have been pretty much consolidating after hitting the 1.618 fib resistance level from the lows of 2008. A break above 98.7 over the next few days would be really bullish for Dollar, and signals a continued uptrend to 104 and 120. What would the catalyst be? Expectations of a rate hike? More EU woes? China collapsing bubble? For...
ahhh..... how could anyone see a bubble when they're in a bubble themselves? A p/e ratio of over 160.