The Energy complex currently has mixed signals.
However, the New York Heating Oil contract appears to be setting up for a bull run.
With the Minor Pivot Stack providing support, the price looks like it is readying for a move up.
Go long if the price breaks above 1.9065 and place a stop loss at 1.8660.
With a profit target at 2.0545, this makes for a good...
The German stock market is looking up with a Minor Pivot Stack setup on the DAX.
The Monthly Pivot Range is providing good longer term support.
Go long if the price trades through 11294 and place a stop loss at 11124. With a profit target at 11635, this makes for a good risk reward trade.
Crude has another Minor Pivot Stack setup, but this time it is above the current price. Hence, this is an indication of a short trade with resistance from the Stack.
With a good probability setup like this, go short on confirmed weakness through 51.26. Place a stop loss at 53.69 and the profit target at 48.15.
Trade the March 2019 contract, symbol CLH2019, on...
Despite the roller coaster in the stock markets, the treasuries could still be pricing in a contraction in the economy. The higher the 10 Year and 30 Year Treasury prices go, the lower the rates get on the longer end of the yield curve.
With the current setup in the US 30 Year T-Bond, there is support on the Minor Pivot Stack and the Monthly Pivot Range high....
The Gold market had an impressive rally to close above the critical $1300 level last week.
Apparently there is more left in this move but I would wait for further strength to confirm that the rally is sustainable.
Through the 1310 level should be enough of a move up to warrant getting long for a significant push higher in the medium term.
Place a stop loss at...
With a very tight Minor Pivot Stack in place we can look to short the Yen just below the current price.
The Monthly Pivot Range is strong resistance on the upside for the longer term and has kept the lid on a rally for the last month.
Go short if the price trades through 109.220 and place a stop loss at 110.120. The profit target of 106.340 makes for a good risk...
With the current Super Pivot Stack resistance in place and the price breaking down, this is a good short around the current price level. You can also wait to go short with an entry at 1.66590 for further confirmation of weakness.
Place a stop loss at 1.68360 and a profit target at 1.63510.
The Dollar Down Under and the Land of the Rising Sun Yen has a strong setup with the Major Pivot Stack in place for key resistance.
The path of least resistance is down for the Aussie Dollar Japanese Yen crossrate.
Look to go short below the low of the current session 77.460 and place a stop loss at 78.517. With a profit target retracing the steps of the recent...
A Super Pivot Stack is in place and providing good resistance to a move up. Therefore look for the higher probability direction, which is down.
Go short if the price breaks down through 1.04620 and place a stop loss at 1.06175. The profit target is set at 1.01141 for a good risk reward trade.
The Australian Dollar has a Super Pivot Stack in place providing significant resistance.
However the price currently is just above the Monthly Pivot Range low, which is lending support to the price.
Hence, we need to wait for a breakdown in the price through this level to confirm weakness.
Go short if the price trades through .70920 and place a stop loss...
With a nice uptrend and Major Pivot Stack as support the Euro Swiss cross looks bullish.
The price will need to breakout of the near term resistance area first, to confirm a move up.
Go long if the price breaks 1.13540 and place a stop loss at 1.12630 and profit target at 1.14890 for a good risk reward trade.
With a Minor Pivot Stack in place with a narrow compression, this could be a good short.
There is still a major trend downward intact that seems to be weighing on the market.
As the price of the Swiss Yen cross continues to weaken, the old flash crash low is a nice target to shoot for as a profit target.
However, we don't want to be too greedy so place your...
The Major Pivot Stack that was in place last week has turned into an Almost Super Pivot Stack.
With the expected price breakout now underway, look to get long on a limit order, preferably around 13.53.
If the market opens relatively unchanged you could enter at market on open.
Once in the market, place the stop loss at 9.62 at the bottom of the Stack and a...
There is a Minor Pivot Stack in place that is looking quite supportive of Crude Oil.
The market has rallied nicely to these levels and still looks strong despite the recent bearish trend.
With a potential profit target at 59.06 this makes for a good risk reward trade.
Go long if the price rallies through 53.35 and place a stop loss at 50.48.
The Euro Canadian Dollar may have more left in the move down.
Although the market has sold off significantly there is a well compressed Minor Pivot Stack formed which is providing a good resistance range against the price retracing back up.
Sell into weakness and the downtrend at 1.50980, then place a stop loss at 1.52840. This makes for a good risk reward...
The Nasdaq has a good setup for a rally. The overall price action has been supportive and with the Minor Pivot Stack in place this bodes well for a push higher.
The Monthly Pivot Range is close underneath which almost formed a Super Pivot Stack.
With the Daily Pivot Moving Averages turning up, this could be a significant move. Go long on strength...
The Yen looks poised to rally. On the Hourly chart a good setup with excellent risk reward is setting up.
If the market can show strength through the swing high, all Pivots are aligned for a strong support launch.
Go long if the market trades through 108.63 and place a stop loss at 108.34. Take profit at 109.39.
Bitcoin has sold off strongly and it may not be over yet. The leading coin found its legs and support was established around 3503 on the Bitstamp Exchange.
But don't get short until the price can confirm further weakness. The market may rally here first and then meet resistance amidst the Super Pivot Stack that is now intact.
If price trades through the previous...