About meI am a stock & currency trader. Using economic research, market sentiment and economic forecasting, I identify key fundamental vehicles for investment and then apply a propriety approach to participate in the financial markets.
I have covered the reasons why I should go long on the monthly chart:
Now, here are reasons why I am going long on the weekly chart:
(2) Indicators oversold and at extreme levels
(3) Price at weekly/monthly support
(4) Upward sloping...
Looking at a monthly chart and getting away from smaller time frames, I believe we have reasons to go long.
(1) Trendline support going back to June 2010.
(2) Fibonacci Level
(3) Yearly Pivot Point
(4) Confluence of all three points above at the same area: Trendline support, Yearly Pivot Point and Fibonacci Level
(5) Volume Divergence
Are we bag holders going long? Surely, it seems that way and feels that way, but there is no reason to go short. I anticipate that going into 2019, the short, bears and doom-sayers will be caught in a trap.
The SPX500 drop is an opportunity to go long. First, I did a daily analysis, then a weekly and now a monthly analysis.
MACD still positive
(1) Double Wave Down
(2) 38% weekly to monthly retracement confluence with double wave
(3) All trenlines are facing up
(4) moving average support
(5) Still above the 200 moving average
(6) oversold market in the stochastics, MACD and RSI
Today is December 20, 2018:
I am remaining bullish in INTC and the US stock market (SPX500) based on the evidence that I have on hand.
This evidence is based on both fundamental and technical support. With that said, I believe that from here on out, and going into 2019, the market and INTC stock looks bright.
If I do not update another post in after today,...
Today is December 18, 2018. The US Fed meets on Wednesday, December 19, 2018.
Not much to say; just watch and wait.
I am neutral this CRB Index.
With oil oversold and the CRB Index oversold, it won't be a surprise if after the US Fed meets this week, we get some type of risk on sentiment flowing back into the markets.
I watch this drop...
Technical Analysis of WMT:
(1) RSI oversold
(2) Gap window filled
(3) Support right at the gap
(4) Fibonacci support at the gap
(5) MACD extremes
(6) MACD Histogram Diverging
(7) eDuRd strategy 2
(8) Slow stochastics came down into oversold territory
(9) I like 90 and I like 84.
Today is December 17, 2019. The US Fed...
CAD: I am speculating that CAD's CB will be hawkish whether or not hey raise rates today (December 5, 2018).
Given the recent change of stance in US Fed's Powell from a hawk to a dove, and given the trade idea that CAD's CB might be hawkish in tone today even though they may keep rates the same, I think this makes a good short set-up.
USDCAD is also overbought...
Looks like China versus the emerging markets is making another come back! First it was 2013, then again it was about 2016 then is based out and rallied in 2017. Now, here we are again at the same old trendline at the end of 2018 and beginning of 2019. The Shanghai Index is also at an all time, weekly/monthly support level.
Could something about China be...