BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC CO, SPDR S&P 500 ETF TRUST, ADVANCED MICRO DEVICES INC, BANK OF AMERICA CORPORATION, VANECK VECTORS ETF TRUST GOLD MINERS ETF, ISHARES TRUST MSCI EMG MKTS ETF USD DIS
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Elliot Wave 5 Impulse Wave with ABC corrective setup transitioning to a new cycle with 1.6424 target.
Stop: -0.01603 or 1.10324
Target: +0.04461 or 1.16424
$IWM 2 short trades/targets with favorable risk reward
$XLU hit its 1.618 extension.
I see no reason to be long at this levels.
Pullback expected towards the $46-47 area.
Let see how this plays out
261.52 --> 283ish then pullback
261.52 --> retest of 247ish before targeting 283ish
261.52 --> retest of 247ish before targeting 210 area
Nice little correlation between KRE/VNQ and TNX
look for 1.618 near-term bounce
Why would investors search for yield in the Utilities market $XLU ?
Because, they are not able to find it in the broad market.
This chart is very troubling for US Equities.
If this was any chart besides a major US Index there would be no reason to be long.. why should the Q's be different?
Although there seems to be a Bull Flag forming in the $TNX - I suspect rates will go lower forced but buy-side pressure in the bond market. Lets ignore the Fed's .25% rate hike and focus on making money with supply and demand principles.
$SPX will correct to pre-recession highs.
$WYNN was absolutely devastated last year. We could see an upside breakout soon.
$AMGN is poised to breakout of its ascending triangle
Will monitor breakout to upside
$LNKD nice looking daily chart that I expect to push higher
Long Idea going into 2016... nice bull flag and holding support
$CHK Inverted HnS setup targeting the gap from November with measured move.
Take Profit : $5.50
Stop Loss: $3.83
$IBB ascending triangle looking to breakout