TheSessionMaker

TheSessionMaker

Whirlpool likely heading lower, though I have had a difficult time with this stock. It's been extended for a long time, and I've underestimated dip buying support. Check notes on chart for details.

TheSessionMaker

Copper breaking through support again, this coming from back in 2010.

TheSessionMaker

Chalk one up for the bears as this is the first real stock index breakdown so far this year. I'd like to see a gap fill at $91, and then a bounce. Based on how the bounce acts, we can re-evalute. Overall, a real warning signal for the bulls on top of all the bearish divergences out there. Trade with caution.

TheSessionMaker

Bonds, as measured by the TLT, have finally showed signs of bottoming with the breakout above the pink trend while also confirmed by RSI. Considering stocks and bonds have had a strong negative correlation since 2008 (deflationary periods cause inverse correlation, while inflationary periods, such a the 1990's saw positive correlation between these asset...

TheSessionMaker

Wish there was more data on the weekly chart, but an interesting look at the strong negative/positive correlation relationship of the Yen and the SPY. The only thing I can really deduce from this, based on the period between 2005 and 2008 is watching for USDJPY to top out slightly ahead of US equities. May serve as a solid leading indicator for a trend change.

TheSessionMaker

The Softs ETN is potentially signalling a breakout coming based on the daily. The Weekly also shows firming strength. Seasonality wise, this is a bit early, but I'm seeing quite a few breakouts over resistance in things like Cotton, Sugar, and Corn is seeing strength too. No hurry on this, however perk up on this, especially if the dollar strength starts to wane...

TheSessionMaker

I took a trip to Ireland last October, and I must say, quite a country. As for the Bank of Ireland, it's had quite a run up from a year long consolidation period and appears to be losing steam just in time for St. Patrick's day. Though a push higher may occur, this one is in need of a pullback to reset. I'm bullish longer term on this stock, but intermediate...

TheSessionMaker

Update from yesterday's post on this currency. Oh how fast we can be wrong. In either case, still seeing limited upside from here. Lot's of potential resistance in 1.33-1.35 range.

TheSessionMaker

Quite a few asian market's are showing sign's of strength and breakout out of long term resistance levels. Japan has joined the party, and this time does appear different as strength is helping to confirm price action, along with China, Vietnam, and others.

TheSessionMaker

I'm rather neutral on this through the next ouple of weeks, however many signs are pointing to a rollover in the Euro, or at least a slowing. Declining momentum, Doji candle signalling a potential reversal, and plenty of areas underneath from recent consolidation that may be revisited. I don't see it breaking below 1.2790 if in fact price does halt and...

TheSessionMaker

Tutor is setting up nicely after breaking out from an inverse H&S bottom. Good entry on a pullback to $13. Potential resistance levels seen on chart. Risk management says stop if a break of the middle of the previous range is broken. I'd set it to follow just below the 50 DMA as it's curling up which should help stall a downward move and give time for...

TheSessionMaker

The daily view of stock's above their 50 DMA is in a converging range, and likely on it's way to creating a triangle pattern. Recent action suggests upside is limited, though a breakout confirmed with strength would signal higher highs in the indexes. Something to keep an eye on.

TheSessionMaker

These are the Class A shares, however if you wish to see the SSEC Index on StockCharts.com, this ticker trades roughly 100 points higher. Either way, Shanghai is breaking out, as is FXI. These appear backed by stronger momentum / enthusiasm, indicating some global markets are getting legs. Also in conjunction with the Tin breakout I mentioned yesterday. Weekly...

TheSessionMaker

Tin showing overall strength in momentum and price action on weekly chart. Reasonable target at 50% retracement from 2011 highs ($60). Could push higher to 61.8 retracement level, though momentum will be fading.

TheSessionMaker

VNM appears to have bottomed and begun an ascent higher. It can be a bit volatile, but not a bad play for a month or two holding period. A few levels of resistance to pass through, however in the past for this market, it didn't take much time to get through them (200DMA, overhead trend resistance, and 50% retracement level).

TheSessionMaker

Opportunity in waning strength on HOV to short. Selling out of the money options isn't very profitable right now as volatility premium is lacking, especially in lower priced stocks. Likely close out this position before Christmas week. Target is aggressive, so conservative bets on a move down to $5.20 is a bit better. My short calls are sometimes a bit early,...

TheSessionMaker

See chart for comments. Overall bullish if breakout is confirmed over the coming days. Holding about 5050-5100 is critical.

TheSessionMaker

I know coal is hate, but the chart is setting up to attempt a leg higher. Though equities appear to be changing trend downward, KOL looks to have put in it's bottom and could hold up well through the volatility. 61.8 retracement and price target coincide as shown on the chart. Call option for Dec or Jan is a cheap way to try to snag a profit, or if target's...