DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, GROWLIFE INC., SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, GENERAL ELECTRIC COMPANY COMMON STOCK
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Gold has done nothing for over a month.
Hugging 50 & 200 SMAs with no clear directional bias.
Up +$100 from July/December 2013 lows.
Down ~$100 from March 2014 high.
Gold set for a breakout to the upside.
Going nowhere fast!
FTSE approaches top and runs out of steam.
Note the 18 month ascending triangle...
Running out of steam until European QE comes to the rescue!
Today, Building Approvals m/m was down -3.5% vs +1.3% expected
Then, Chinese HSBC Final Manufacturing PMI 48.1 vs 48.4 expected
Tonight. US ISM Non-Manufacturing PMI.
Tomorrow the RBA announces the cash rate.
To my fellow shorts, hold on!
S&P makes a quadruple top, and this week let's us know it's next move!
If it can get above 1888 levels, a major bullish breakthrough would be expected.
My favourite trade, however, is to the short side with a tight stop and a high risk reward ratio.
Bad news is for the past 2 years, shorting the S&P500 hasn't turned out well.
Neutral for now until a few more ...
Oil followed through showing weakness last week.
The only question remains, how far can it go?
Keep eyes peeled for the low 90's.
Whilst grinding lower, the Aussie has failed to make significant headway to the downside.
A sharp selloff on Friday was met by equally large demand, erasing the entire move as the Aussie went Bid.
Whilst we understand that the majority of major inflection points are not always pretty, clean cut breaks, Friday's development indicated that the AUDUSD market appears ...
Get in whilst you can!
Eurozone QE to end 2 year rally and take EURUSD down to 1.32 levels
Technical pullback through down-trendline - but significantly the failure to close above the 4HOUR 200SMA provides an opportunity to short XAU around 1300 with a tight stop. A break upwards through $1310 would invalidate this trade.
S&P Quadruple Top setup
The next move happens at this inflection point.
A new all time high? or Sell in May and go away?
It hasn't been pretty for the past 48 hours...
but looks like the Aussie is trying to make a move to take out the lows...
Inflection point... check
Big US data... check
Gold sell-off... check
USDCNH going haywire... check
Chinese economy contracting... check
US economy expanding... check
What is everyone waiting for???
Just Do It!
Based purely on technicals, the DAX has run out of steam and has been going sideways all year.
Short around here (9600 level) for a trade target of 9200
27.07 Forward PE
24.6% Forward earnings growth
Cash per share $6.46
High PE priced appropriately to growth prospects.
Use this selloff to load up.
45.9 Forward PE
17.85% Forward EPS growth
1.59 Price Book
Awesome company but expensive any way you crunch the numbers.
So far so good, but really need a continuation to 1280 levels for anything conclusive...
From there, it's open season down to 1210. Take a look at my USDCNH chart to understand what I mean.
Have to make a confession. My last Aussie dollar post showed a 50% retracement stop loss in place. It was actually a mental stop loss, that by the time I checked on the Aussie, it had breached the stop level and then fallen below it again. Mental stops are probably not the most ideal thing to do.
Back to the Aussie Dollar... still slowly grinding lower - but yet ...