Technical: This Quarterly chart of SPX has a Hand Grenade Bar Pattern = Pressure Building When price pushes above 2398.2 or 2401, the the market will quickly move up!
Technical and Sentiment: - NYSE continue to make higher highs and higher lows - Market pattern suggests another buyer's swing up is forthcoming. - ABCs are yet to be fulfilled in their completion. - Middle of a Bull Cycle - All time Highs week of February 20, 2017 Conclusion: There is a higher Probability that any pullback will be seen as a bargain and bought...
An investment that I am holding: Mid-term Targets: $32 and $82. Plan: 3 months to 56 weeks holding period watch, and may hold longer as long as the fundamentals stay in-tact. Pluses: (1) New Company that provide commodity trading in China like no other company. (2) Balance sheet looks good. News: One of the exchanges in Guangdong that represented 40% of...
A few years ago, I was watching two stocks that went bankrupt and their charts are gone. So, I want to mark this one with a comment before it is gone. Sure, maybe this company, BEBE, can turn things around, but the CEO gave no future outlook. Technical thoughts : BEBE is closing all of its stores by the end of May 2017 because of stiff competition from...
USDJPY although broken down, still looks promising. a bullish pattern has emerged and so, I will hold it for now.
UUP.... I am going to trade this pattern.....
Here are some levels that I am watching for a bounce.
Who is the real currency manipulator? Of course, it is the Donald Trump. Look at the chart. Donald Trump: "It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency." Trump also said that the dollar is too high.
USDJPY: Taking A Gamble That Buyers Will Support this Buy Zone I am in with all four legs. I like this level, and I like how the price returned back to this area to give me a second opportunity to enter this trade before another bullish move back up in the resting dollar. Reason to take the trade: (1) Demand zone (2) Long term 60 minute trendline right in the...
I like the pullback to support. It is very clear. (1) Choppy MACD suggests an impending break of the wedge. (2) The currency Meter is against the trade.... This is not good; however, this is due to the way it pulled back. there are other bullish signs. (3) The RSI has a bullish divergence... (4) Past Resistance future support... (5) Candle formation is...
So many people have shorted the dollar again, but the shorts are not enough like before. Technical indicators: (1) RSI bullish (2) MACD somewhat bullish + diverging (4) unqualified uRd, but this is a big daily time frame (5) Rocketman Currency Strength Meter is bullish for the dollar and bearish for the CHF currencies. (6) No significant reversal action...
Follow up on NZDUSD Fundamental Short.....
EURCAD... posting a trade I took a few days ago....just monitoring it...
I don't care want they say or how they feel; but, only how can I exploit Brexit for my own personal gain, then sit back and sip my morning British tea. Just a few thoughts : " want the European Union to succeed and prosper... " and ".. but we are not leaving Europe ." www.bbc.com www.bloomberg.com The woman, Theresa May, says, "No deal is better than a bad...
EURUSD: just recording small trade