This shows us how critical the situation is , and it is also among one of the contributing factors towards the weakening Euro(BTW the strong DXY isn't helping).
This is a spread chart and shows us the divergence in yield between the two states. It gives us an idea as to how investors are pricing risk relative to a "risk-less counterpart" which in this case , it...
A chain is only as strong as its weakest link. Right now Italy doesn't look so good with capital flights and a weakening economy.
On the technical side of things, price had a nice reaction with the lows which happens to be the all time lows in the Italian bonds.
This is a place I'd look for longs but first , I'd need proof that buyers are still here.
ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution.
What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it.
Before I continue I'd Like to state two Axioms I take with me anytime I chart
1) A body in motion stays in motion unless an external force acts on...
This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING
EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets.
Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a...
If there going to be buyers , this is where they are supposed to turn up. I like dealing with facts and the only fact is , sellers are currently in control of this market. We need a significant excursion on the upside or downside to tell us what to do next. Let price decide.
We are in a place where price has the highest chance to take out lows or highs. If we take out the highs at 6630 we would have a complete change in behavior and we would have identified an uptrend just as it began. Because we are in a downtrend , we don't want to buy in now. We want to hold our cards and watch, let price show us the way.
This is one of the few indicators that gives genuine sentiments about the highs or lows made in the stock market. We broke through significant highs in the SPY but the HYG which is a high yield cooperate bond etf didn't budge. Before the stock market rallies this one should rally first.
I was waiting for a short position on a pullback , but it seems like I haven't got one. Price seems to resume its downtrend with a very high chance of at least reaching the support , there , I will wait to see if the guys pumping are still willing to put some money on the table
This is on the weekly and the price took out the last significant support level, this will now. I still don't know what caused the price action but it doesn't matter cause I do what price tells me to do
Here is a typical example of a range, my approach to them is that , price has a 50% chance of breaking to the upside or the downside. But if it does break , It tends to double the range before it finds support or resistance. In this case , doubling will either lead to anothe support , or another resistance zone. Lets wait and see
Oil has been one of the best performing comodities this year , we have only been going up and for the first time , we have taken out multiple swing lows. Price is also at a very dated but solid trend line and at first sight , its screaming BUY. Unfortunately , all I see is bears pushing even harder. This is a place where price has to make a decision. XLE will also...
I have been looking at this for a while. This pair is very highly correlated with the SPX but it is a way of expressing global growth and or risk. Right now, it isn't looking so good. I am bearish but I would like to take a position very close to the support if it shows me the necessary price action. The position is shorting Gold and going long the GDow index...
This stock came into my radar when banks started tanking and V has been consistently outperforming the market SPY and dishing out great earnings. We have a nice trend NEVER have we taken out significant support . But I don't have trade location so I won't go long any time soon. the price action looks like weak holders can easily be shaken out causing volatility...
Bank of america has decided to take some risk out of the table, this is definitely going to impact profitability but let the market decide. Here I see buyers and sellers pressing while in a downtrend. Before I put my cards on the table , I'd like the market to show me who has the stronger hand.