Yesterday bears tried to take control on oil.They failed. The first top callers had arrived and destroyed by today. Price closed above the 20 EMA and today we not just above the 10 EMA but took out yesterday's high. So I'm saying again the daily cycle low is in . We are heading to the 200 EMA again (41-41.5). It is going to be a fastening move as bears anticipate...
BioTech had started the big rally finally. Record volume today. 22,46% in one day. It's not bad and it's only the beginning. The rally should last 1-1.5 months... Don't touch the portfolio just let it work for at least 1 month. WATCH THE POTENTIAL. We might be talking about 500% this year.... (200$)
I'm going to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Energy trade 2. Buying 300 barrels of US Crude June 2016 ...
6 day RSI is leaving oversold territory. MACD is turning up to crossover. We are on day 37 , sentiment is bearish again so the next rally can start in oil in the new daily cycle . 4-5 more weeks to run in this 2nd daily daily cycle befor it tops. It should print a higher high above 50$. Oil companies like VALE, CLF, OAS were not falling just consolidating during...
EurUsd is forming a coil. We might start the decline immediately (1) or we just have a false brekout from the coil to the upper trendline (2) to get everyone bullish and we head down to the lower trendline and break it down. Tomorrow FED minutes so I would start EurUsd short with a smaller package and add to that if we pop up to 1.1565...
Today is a higher high in NatGas again... We are heading to 2.167 and 2.307 .(2.167 might not stop the price...) I read a few top pickers report on the internet why Natural gas will start to go down. These top pickers' call is based on the seasonality : "Summer is coming on the Northern part of the planet so NatGas will go down." Actually NatGas has nothing to...
In 2000 when we lost the 50 EMA price was not able to recover again above the 50 EMA. IN 2008 we lost the 50 EMA and no recovery till the end of 2009. And now we had a double recovery Oct.2015 and Feb 2016. If price wanted to start a bear market it had 2 chances. It couldn't start it. Why? I don't know the reason... USA elections ? - The Govt wants a flying...
We are getting near to the daily cycle low. RSI has reached overbought territory I think we want to tag the 50 EMA and the rally can start again to new highs.
Waiting for the next stage of the bull market. I think we are going to tag the 200 EMA in the following 2 months and the rally will start up again. In the following 2 months it will be hard to make money in gold because price will jump up and down. My advise to use RSI strategy - Tradingview has a very good RSI strategy in the indicators box- sell at overbought...
I'm going to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2. This is the last portfolio I'm launching....
Biotech (LABU) is ready to rally finally. I think this sector has a fantastic opportunity in 2016-17. This is just beginning next week. We just confirmed the big volume breakout last week. I'M already long in LABU for a few weeks now.. I'm looking for at least 100% in this trade, but even the 400-500% is not impossible. We were coming down from 235 $. I would...
The channel is working nicely. Now it's time to tag the lower trendline. We had enough try to break up.... Bears are defending heavily the upper trendline with the 300.000 commercial short support...
I'm going to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Metal trade 2. Selling 50 XAUUSD Price: 1240,77 Margin...
I'm waiting for the flag to break down. Price is heading to 1190.
I updated the OIL chart. The decline we are having now still doesn't seem too frightening to me. And we are still above the 20EMA. The question : will price tag the 50 EMA (blue) during this daily cycle decline in the following 4-5 days or not. I'm 100% sure that we will have one more daily cycle when we break above the 200EMA to 50$. I'm watching the 6 day RSI...
NatGas had finished its pullback and run to new highs today. We've taken out the 14th February breakdown level. I'm looking forward to run to the next level at 2.171 soon. 10 EMA and 20EMA crosoover is active. MACD and TSI are far from crossing over : plenty of time tor run. Holding NatGAs and UGAZ longs.
S&P 500 is turning up from the 10 EMA. It seems wants to run to new highs...
Despite the inventory data oil couldn't even tag the 20 EMA last week. Moreover it was closing above the 10 EMA again. That means to me that oil is so strong that it might not test back the breakout level at 34.26... It seems to me that last week we just had a pullback again and the rally will continue. I'm quite sure that this week we will attack again the 200...