As the entire Pharma sector seems to be moving higher, JAZZ appears ready to join in. Finding support at the 75sma it is now moving away from it higher. Watch the double top, a break above that would be bullish. IMHO
With WTIC moving higher the OIL sector stocks are finally starting to react. GUSH and ERX both looks promising here. GUSH had a big day up over 10%. ERX I am looking to go long with a move over the 50sma. Tomorrow may be a buy.
Im looking to buy EXC at open price with a target of $39.45. Looks like a break out of a bull flag and continuing AB=CD pattern.
I have been watching this one, to see if it would pullback and fill the gap. I like the product and think it will explode everywhere. OLED pulled back but didn't fill the gap. It is now above the 50sma. I think its time to buy.
Going long on USOIL by using GUSH. USOIL just completed a 3 drive to a bottom pattern. We can expect a turn here. Panic selling this morning is tough to go long into but the rewards should be there. Set a stop just below $43.
I keep looking at OLED, because I want to own it for the long run. Short term, it looks weak and could drop further. Stocks tend to, but not always fill gaps. So when a stock opens a lot higher from the previous day close it forms a gap. Eventually the prices come back to close the gap. See the chart. Now, notice the big gap on OLED. I'll look to buy it at $91. I...
Cypher Harmonic pattern seems to indicate lower price for the EURUSD. Look for 1.093 in the days ahead. TSI bearish cross supports the idea. The DXY US Dollar is strengthening and should run.
Going long on the Pharma sector. Anyway you slice this chart its a breakout.
Miners have started their fall into a ICL. This should complete the Shark pattern and move down into the $21 area. I would expect a blast lower than the May low to complete the failed DC.
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
I am shorting gold here with JDST and DUST. I believe the move higher three days ago over the long term green trend line was a false breakout. It brought the longs in miners back into the market. I expect the trajectory of the overlaid gold candles to come in play. GOLD formed a double top pattern, which usually means a reversal. TSI and %R are overbought and due...
USOIL, looks to be starting final leg down. I can see a three drive to a bottom trade, with a low near $42. Enter short with DWT, DRIP or similar.
STLD looks to be forming a bull flag with upside potential to $50. Trump is bullish on Steel stocks. Could we get a break out soon? I think so.
Im looking at GOLD starting to roll over. I expect a retrace to 1183. Buying JDST and DUST to maximize
The Gartley pattern played out perfectly on SILVER. I usually expect a 50% retracement to the upside. That would put the top at or around the purple arrow. I will go short Silver or Gold there. The miners may top sooner (today) and start down into an ICL.
Looks like a bull flag forming on NATGAS tracker BOIL 2x. Id like to buy in on the next tag of the lower flag line. Around $11
Buying GUSH this morning to play the long on USOIL. Looks like a short term AB=CD pattern in play. $48.73 in USOIL should be the 1st target. On the daily chart %R is rising out of oversold conditions. TSI should cross soon. TSI crossed on the hourly chart.
So lets look at XAUUSD. Gold appears to be in another AB=CD pattern. I overlayed the previous pattern on top of the current pattern and "voila" looks similar. The amount of time to the bottom previous is a little shorter than we are now. I suspect GOLD is near or very near the bottom. The cycle is on day 37. Gold has been lasting 33 days, so its extended. Look for...