Bonds usually bounce after huge sell offs
before continuing to sell off. 2013 multi week sell off had
mid week bounces to roughly 50% of previous week's range.
good spot to buy some longer dated calls (dec?) at 126'235
for a bounce next week to around high 127s or low 128s+.
RSI lowest in years, closed 4 days outside lower BB, very oversold.
GNW has had consistently bad earnings since 2014 until about Q1 of this year where the distressed financial company posted profits and shedding of toxic assets. MACD bullish divergence, Ichimoku crossed above kumo on the daily chart, we might see a turn around and long term climb to 6+. Keep in mind this is a fortune 500 company trading for $3.
After this massive run in oil we are beginning to see bearish divergence on the 1 and 4 hr MACD and momentum as well as price action making a double top around 46.76. Can see a pullback to 44 or lower before resuming uptrend or more downwards momentum towards the high 30s if we break support.
EURUSD is close to an important point at the resistance trendline. If it bounces off and down, we might see a down move to the lows of the daily chart support levels. If it bounces off the daily lows and heads back up, we will get wave 5 to the daily highs. If it breaks the support, the weekly chart would be a huge bear flag correction structure and we will get...
BIS manipulation might take this down as the 4th wave to the supporting trendline. Gold buying season in Asia, US elections, geopolitical uncertainty, euro bank risks might take gold from 4th wave end to 5th wave up to 1440ish.
GNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held...