We initiated a short position on wheat futures through OANDA platform on daily chart, based on constructive price action pattern and some fundamental indications that the extreme cautions about the 2017 wheat production are way too exaggerated. As the summer progress we see increasing downside pressure and possible good profit opportunity. Our Reward/Risk is 1,...
SPDR Oil and Gas Equipment ETF Long Postion initiated near all time low with a Risk/Reward of 3 and great chances of success. The ETF is near 2009 lows, this is difficult to believe even with today's low Oil prices the sector is much further than it was 10 years ago!
A short position in EUR/JPY pair is initiated based on overall over extension both in EUR/USD pair and in USD/JPY. Thus the total weakness of the Japanese Yen can be easily reversed if one of the major pairs above retrace back to its MAs.
Short Russsell2000 Index Futures and Long SP500 Futures in search of convergence in valuation, due to worse performance of small caps relative to big caps in environment with increasing interest rates.