The price channel for this security its very clear, a ressitance at $195, and a support at $187. The candlestick formation is suitable and supports out idea for the trade. We can also get some help from the inexes, which we think are going to take a resto from the bullish trendes for a couple days.The trade is pretty simple.
Caterpillar Inc has been one of the best performance since the Trump ellection. It's obvious that if you are planing to build a huge wall across the southern border, you are going to need a ton of machinery.
This month, the stock took a dive due to some accounting issues. after a few weeks of testing the support, the stocks seems ready for a new bullish ride. We...
SM Energy Co. just had its dividend calls yesterday, in line with the street expectations. The stock has been in a bearish ride since last december, and we currently see a pullback which leads to a pretty nice short set up. Right now, the 24 ressistance is the entrance point for this trade. We are expecting that SM resumes its bearish trends, and our first target...
we ile a lot the set up for this stock. The 230 support looks like its working fine, we would be looking for long positions towards the 252-254 support. We are looking for a last bull rally in the markets before a massive sell off in the third and fourth quaters of this year
The financial sector is having a tough week. Today the sellof looks like its pumping the brakes, and the set up for Goldman Sachs looks really nice. The support @ 228 looks like its working just fine, and we could be looking to take long positions towards the 250-254 ressistance.
NKE is one of the stocks that have the least bull momentum, even when the Dow its posting new highs week after week. The correction of more than 1% today in the indexes can tell us that we may have a small correction ahead of us. I like the set up for a short position in Nike.
We have seen the biggest drop in Us dollar futures in about two months. i would like to see first a trend changing candle, and a little bit of relaxation in global markets, but i think that this is a very interesting chance
THE CRUDE ITS BEEN TRADING WITHIN A CHANNEL IN THE LAST FEW DAYS. TODAY , DUE TO SOME DECLARATIONS MADE BY PRESIDENT OBAMA YESTERDAY ON THE G7 MEETINGS, WE ARE GOING TO HAVE A BEAR DOLLAR, AND WE MIGHT LOOK FOR A LONG TODAY, AND HOPE FOR A GOOD NUMBER IN THE FUNDAMENTAL TOMORROW.
THE OPEP MEETING EARLIER TODAY GAVE THE WTI THE BEARISH KICK WE NEEDED FOR THIS TRADE. THEY DECIDED TO KEEP PRODUCTION UNCHANGED, THAT IS A BEARISH FUNDAMENTAL FOR USOIL.
THE TECHNICALS SHOW US THAT THE OIL HAS A VERY STRONG AREA ARROUND THE 58-60S. LAST MONTH WE HAD AN EVENING STAR CANDLESTICK PATTERN, CONFIRMED WITH TODAYS FUNDAMENTALS AND TECHNICALS.
THE COLOMBIAN PESO HAS BEEN IN THE 2600S ZONE 3 TIMES IN THE LAST 12 YEARS, AND IT HAS NEVER CLOSED ABOVE 2700. WE NEED TO SEE A BOUNCE IN THE PRICE OF OIL, OR AT LEAST SEE IT HANDLE THE 57-60 LEVEL AND EXPECT THE PESO GO TOWARDS ZONES OF 2200 FOR NOW. MAYBE THE POLICY MAKER OF THE COLOMBIA FINDS OUT WHAT IS OBVIUS AND LET THE PESO GET STRONGER AGAINST THE DOLAR....
THE EURAUD PAIR IS TRADING WITHIN A CHANNEL, IN THE LOWER PART. TESTED THE SUPPORT AND REJECTED. NOW LOOKING 1.55 LEVEL.
ON THE FUNDAMENTAL WE SEE WORLD OIL PRICES FALLING, AND AN AGREEMENT WITH GREECE MAY BE ON THE FAVOR OF THE POSITION.
THE PAIR ITS BEEN TRADING INTO A CHANNEL , BETWEEN THE 135,5 AND 132 ZONES. NOW IT IS RETESTING THE UPPER ZONE , WHICH HAS BEEN A REALLY RELIABLE RESISTANCE. IT IS A GOOD IDEA AHEAD OF THE EUROMEETING, WHICH IN MY CONCEPT IT IS GOING TO BE AGAINST THE EURO. WE CAN WAIT A CROSS IN THE STOCHASTIC RSI, AND GO SHORT LOOKING FOR THE 133 AREA.
DIRECTV , INTO A TREND CHANNEL, NOW IN THE UPPER SIDE, THERE ARE SOME RUMORS ABOUT THE COMPANY, WE SHOULD WAIT HOW DOES THE MARKET TAKES IT. THE WAY I SEE THINGS, DTV ITS BEEN TRENDING IN THIS CHANNEL FOR OVER SIX MONTHS, SO I THINK IT IS GOING TO GO DOWN TO 83 ZONES IN THE NEXT WEEKS. WHAT DO YOU THINK?