Netflix starts looking attractive medium-term. The sell-off seems very extreme, but of course for good reasons. For now, we should settle medium term range between $ 230-260. That is why I feel good value buying $ 180 area and take profit $ 250 for now.
The market is overextended and clearly after the earnings, we went south sharply. For now, the technical picture suggest we buy current 20.40-20.60 and take profit 23.75.
Silver has not yet reached its low, and I feel we may see slightly lower levels. The stochastic is low, and we are over extended a bit. Strategy is BUY @ 21.60-21.70 for now and not at current levels. When done, add further @ 21.15. Profit order @ 23.07.
We are starting to change direction on USOIL, and we need to see development below $ 105.00 for now am neutral. We failed to go beyond 110.00 and that worries me a bit. I suggest to abort, if long from 103.00-104.00 and wait for the merket to start a direction. The stochastic is slowly starting negative and I suspect test 105.00.
The market also has overextended itself on GBPUSD and it is expected to see good pullback. This is not change of trend, but a correction required to reduce the pressure a bit. For now no change in view, and would be BUYING current 1.2280 and adding below 1.2220. those that went long earlier, carefully add 1.2280 etc. The take profit is suggested @ 1.2637 for...
No change in view. For sure market over extended and requires proper correction. it does not change the over all trend, which is below 1.1800 at one point. However, expected move is first correct back 1.2650 (short-term), and for MT likely near 1.2887. For no BUY @ 1.2300-1.2340 and add below 1.2275. Profit order 1.2637 (ST).
The break seems to look confirmed below $ 35,600 and as long we remain, we should see test below $ 30,000 short-term and going on our way first to see $ 20,000. The overall objective is more close to $ 7,500-10,000. Strategy SELL $ 34,800-35,250 and place stop-loss above $ 37,500 (to be on safe side) Profit order initially @ 25,750.
We have to wait for VIX to go higher before most shares will recover. I think VIX can reach 37-38% and that is the time we focus on BUYING shares again. Some exceptions of course that are ok to buy now before VIX returns. Coming days I suspect we will see further share market declines (general condition).
Looking at daily chart we got an inverted false bear flag, and this means we should she return towards pole. the stochastic is very low as well and feels we will turn the corner again upwards. For now BY current $ 2,290-2,300 for a move back towards 2,650-2,750.
No change for medium-term view. The Heikin Ashi same as other techniques provide the same conclusion. We are topping somewhere, and based on the state of the market using weekly chart, we may recover 4-5 big figs, and using monthly chart 10-15 big figs. Short-term we will correct second time below 127.00 likely etc. For now same strategy SELL @ 130.40-130.60...
It is starting to look dangerous breaking the neckline. I am neutral for now, as I wish to see confirmation of break. If we solidly break, then we have a medium-term target of around $ 5,000-10,000. For now stay out and see what develops coming days.
No change in view. I suspect medium-term pull-back towards 1.2887. We are very over extended and yes, market is feeling USD BULL, but one should consider what positions are. For now we BUY 1.2330-1.2380 (if adding or new) and take profit @ 1.2667 and re-buy when going lower somewhere 1.2457.
When using Kagi charts is useful to see some changes, and overall picture. The Haikin Ashi takes out the noise on candle sticks. Using that technique and RSI one can see the state of the market and its extreme. For medium-term am fine in seeing a good correction in the near term. For now SELL strategy unchanged for new positions SELL current 130.40-130.60...
VIX did decline near 25.00% and market similar had higher share prices. For now it feels we may see slightly higher VIX again, and main resistance point is 39.00% and likely will not break as it would be very overextended. Strategy for share markets are there fore, BUY entry to be 3-5% lower than current market level. After we we have moved higher to let's say...
No change in view, and sad to say the low was not low enough to lift some of the shorts and re-sell. For now, am believing we may see slightly higher levels, but not for going long. The danger is sharp down still medium-term. Short-term it is clear Kagi showing signs of re-test 131.00. I will add above 131.75 only (am not saying we will see it). The orders...
The small correction did not go further then $ 226 area, and now we are back to square one. The VIX is the one I do not trust and markets can easily move back from where they came from. I will update VIX chart shortly as this provides good information on likely market direction. For now leave FB alone and look for better opportunity.
The stop-loss was protected and now we are starting to break below cloud. The selling pressure is building slowly as well. I feel we may see a test of $ 1,800 near-term and therefore we SELL between $ 1,875 - 1,900. We are already short as stated few days ago @ 1,860-1,865 and this position remains. Only new sell follow the 1,875-1,900 sell range. Profit order...
We did not stay very long 1.2600 handle, and pullback was possible, but not expected as strong as it did. It does not change the overall view, and if long, we should be adding here 1.2350 area. Profit order still @ 1.2867 area.