docibby

docibby

Look at DXY, retrace ( weakness ) seems to be NOT finished. This additionally helps to hold EURUSD up. No trade for me anyhow in this range. Good luck.

docibby

Notes on chart.

docibby

On the weekly chart we can see that we are at a very important support / resistance zone. Very strong and decisive candles pushing higher - this suggests insiders and strong hands supporting a bullish continuation.

docibby

If Long then very nimble and small position - the news catalyst for a strong move will only come later this week.

docibby

Ever so lightly bullish after this sharp drop. A lot will depend on news data this week, we have Payrolls on Friday and thus a more risk-off mode is generally preferable.

docibby

Large widespread candle without structural lower TF correction : shows big players pushing for further advance. Retest of former lows @112.00 and 112.51 likely.

docibby

See rectangle demand areas on chart. If price doesn`t hold there we will see a MAJOR shift in EUR affecting all other pairs as well. Additionally watching DAX makes sense. A weaker EUR is normally good for a rising DAX ( good for exporting companies ), but I am sceptical if this works out easily, due to fundamental problems like Greece, the Spanish banks etc. Be careful !

docibby

We have confirmed US Dollar strength above 95.14 - 95.21, this means we will probably see lower levels in AUDUSD, EURUSD and GBPUSD for some time. I will watch DXY and reconsider if / once we hit 96.50 there.....good luck !

docibby

If we look at a WEEKLY big picture chart we can see how important this 200EMA has been. Apart from important recent horizontal lows we can see how a pattern of diagonal support/resistance channels has been established. If a retrace back to the initial breakout zone happens..... then even 1128.71 USD would be a possibility.

docibby

Here is one of the surviving dinosaurs of the DotCom era, actually with good fundamental data. Cisco is a core holding of many value funds, even if they do not focus much on tech names. I see further potential this year - plus you don`t see extreme greed topping patterns here ( as in Facebook or Amazon ).

docibby

Probably some Fed related news will provide for a decisive move, until now I think it is best to stay out. For medium-term swing trades we need a break above 10.000 for a move higher ( preferably weekly close ), for a bearish move a break below 9800, then 9400.

docibby

Some base building and stacked demand areas, but for a medium-term swing trade I would prefer to wait.

docibby

Notice the resistance areas around 95.16 and how this has been a bull/bear swap zone in the past. If price manages to break higher, then a retest of the 96.00 might even be possible. Watching this daily due to the importance it has for commodities, metals and currencies.

docibby

We can see this big head and shoulders structure, but there is no easy path for bears - we would still need a news catalyst for a serious breakdown. The way it is : look for continued selling of big funds in to strength = they use bullish looking upmoves to further unload their stocks ( in all major sectors ). Big picture looks more and more bearish, but short...

docibby

We had the Apple ( AAPL ) news about Berkshire buying.....I thought there might be a stronger bounce, including Nasdaq100. But on the weekly chart it is still looking quite bearish. Maybe it is best to get out of tech for now and to buy again later this year, e.g. during Oct.-Dec. - from lower levels.

docibby

A weak bullish bounce so far - this makes a further drop towards the base area @ 700.00USD more likely.

docibby

Other tech stocks look weak or top heavy... but Sony seems to hold up well. Speculation on my part : buyers anticipate further stimulus measures in Japan, another effort to weaken the Yen etc.

docibby

Some stocks seem to show weakness after the bull run off the February lows, but ADM seems to holding up quite well. I still like the gradually emerging new " inflation coming " theme, I will therefore closely monitor ADM, DBA, MON, MOS, VALE, FCX, Rio Tinto, BHP Billiton and several other names, including ETF`s.