DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, BANK OF AMERICA CORP, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND, WEATHERFORD INTERNATIONAL PLC (IRELAND)
S&P 500, Nasdaq 100, Dow 30, Nikkei 225, DAX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Coffee, Cotton
Bitcoin / Dollar, Ethereum / Dollar, BCH / Dollar, Ripple / Dollar, Litecoin / Dollar, Ethereum Classic / Dollar
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
GOLD (US$/OZ), Brent Oil, Crude Oil, Natural Gas, PALLADIUM (US$/OZ), SILVER (US$/OZ)
Many traders feel they HAVE to trade at all times. Waiting for 3 reasons leads to a higher probability of success.
The SPX , the IWM and the DAX usually end up moving together. The extreme outperformance of the SPX is a very dangerous situation.
When stocks break out, the algo's are using intraday charts to time entries.
One of my favorite strategies is shorting weak stocks, with earnings coming, that are only up because the SPX has pulled it up.
This is one of the better looking drug stocks. There is very little resistance over the trendline.
With too many traders leaning long in this stock, look for TSLA to break to 180.
I have warning for a year, that investors are perceiving that Bitcoin is another "safe haven" to park cash. I'm not saying Bitcoin is safe, but the negative correlation is hard to ignore. I originally posted this on www.simplerstocks.com.
SP500 showed nice trades, when the trendlines were broken.
The best sell signals occur when the actual price is BELOW the 49 EMA.
In a plunging market , look for momo leaders like UA to fill their gaps.
The German DAX has undercut it's July low. Expect the same from the SPX.
KSU forming a rounding bottom. The overall market is rotating to buying this year's loser's.
Broadening top forming in the DAX. Doesn't mean to short it , yet.
GOOGL really needs to hold here, or 600 is possible.
I'm watching the major trendline next week. If broken, look for the spx500 to go to at least 2036.
IYT was a great short every time it was overbought when it was under the 49 M.A.. Now overbought readings can't be trusted for short initiations.
AAPL is notorious for filling gaps. Look for the gap under 115 to be filled.
Note the difference between CSX chart in late 2012, compared to now.