DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ADVANCED MICRO DEVICES, INC., ORIGINCLEAR, INC., SPDR S&P 500, PRAXAIR, INC., ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
SPX is currently trading in a parallel channel. From a pure technical point of view, it looks like price could bounce from the lower limit. A strong divergence on the daily chart supports that idea as well (RSI going up).
However, I would be very carreful, as tangible consequences of the trade war start appearing - Industrials may not declare earnings as good as ...
Emerging Markets ETFs are in a parallel channel. Price just bounced on the lower limit.
Investors are concerned about the high inflation to be expected in the US (3.7% unemployment = wages going up) which would encourage the FED to raise interests even more and drive the USD up. A high USD and higher yields would draw investors away from EM because they could ...
Gold recently bounced on the parallel channel. Right now, it is about to break a triangle on the daily chart. I believe we could go back to the 1240-50 level.
Macro context is favorable for such price action, watch closely.
SPX is in a parallel channel; testing the lower limit. If price breaks below, it'll be a very bearish signal.
If the US-China tensions ease, we could see a bounce on the upside. Watch closely as any comment from the Trump administration could also sink the market. His treasury secretary just threatened China and warned them against devaluating the Remnibi. Also, ...
Gold is in a big parallel channel. On a short-term view, we have a nice triangle. Waves a,b,c,d,e are completed. I would be short on a very short-term until it bounces on 50/61% Fibonacci. This could give us the A leg of the correction wave within the channel.
WATCH US FED DECISIONS and anything related to the USD performance (trade wars, interest rates, bonds ...
NBEV was caught up in the Cannabis hype and is another overvalued stock. Trend diverge with oscillator, and I believe the entire Cannabis market is under pressure. I definitely think it could bounce another time, but I see it going down sharply.
IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive $0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not ...
Barrick gold -0.45% is evolving into a nice parallel channel . There is also a divergence between price action and the oscillator. That is why I would tend to be bullish on a swing outlook. However, the gold 0.83% market is still down. At least, we now have the Fed's decision on interest rates. Keep in mind that unemployment is at historical low in the US and wage ...
Technicals - Bombardier is in a parallel channel. The upper limit and 180EMA are overlapping and form a strong resistance. Price could bounce down, or break above and get a good run-up. If it happens to go up, it could go back to recent highs around 5.40. I am just waiting for a trend confirmation to get into the trade.
Fundamentals - Bombardier made good ...
I just took my gains on the short idea that I published on CRON -2.79% a couple days ago. Right now I believe the stock can bounce on the channel and price shows a falling wedge pattern. MACD is crossing as well and shows sign of a bullish opportunity.
I believe that the general sentiment on pot stocks is still fairly positive. However, there is a lot of ...
I just bought in N.Tsx. Namaste Technologies is within a parallel channel. Right now, the stock is touching the lower limit. RSI shows an oversold tendency. I believe that the stock could bounce, as the sentiment towards Cannabis remains fairly positive. This is a short-term long that'll be closed before Friday.
Trade safe guys!
RNX could bounce tomorrow based on support/resistance and Fibonacci retracements.
Share has soared following news of new possibilities of exploitation in Australia (just check the news). After being clearly overbought, it got seriously corrected. But I believe it is possible to catch a bounce and place a short-term long.
Trade safe guys!
I previously explained the fundamentals on why EA is a strong BUY for a Swing-Trade. We could go back to the $130 level.
Here we have a nice triple bottom pattern that could lead to a nice breakout - supported by the release of the new Battlefield game.
If price doesn't break resistance, we could see a retest of the resistance - but it is unlikely.
My outlook on gold has been bullish for the last 2 weeks or so. Right now, I believe the consolidation phase is at its end. As we can see in this nice triangle pattern, gold is ready for a breakout. I believe price could go back to 1250.
See my previous ideas for more details on why I am bullish on GOLD.
Technicals - CRON 9.78% broke out of a strong resistance today but failed to hold. Price is back within the parallel channel . In addition, RSI is diverging from price action. These are really simple, but strong bearish signals.
Fundamentals - Following the success of Tilray 38.12% , CRON 9.78% soared two days in a row, breaking new highs. However, no ...
Technicals - Nice Cypher on Nemaska Lithium, Stock is currently at a strong resistance point, good time to buy.
Fundamentals - After Morgan-Stanley's report on lithium, NMX dropped seriously low from its $2.44 pic. However, Nemaska Lithium is developing a different commercial model than other lithium producers. It is also backed by the government and therefore ...
SHORT on SP500?
Technically, the SP500 just finished its 5th extension, hitting the upper limit of the channel, indicating downward pressure since it didn't break above. I believe price is moving towards the (A) correction leg. In addition, price just passed below the 15EMA, another indication of a bearish sentiment.
Fundamentally, watch out for trade talks ...