Since the slide the BB% and MACD has shown a negative bias. However, today a v formation which can be a signal for a repaid reversal occurred.
The EIA will release data tomorrow and I expect another large build. However, any sign of build weakness may cause a short volatile bounce-That is the tell-tell of the V.
I am taking 4 call positions on USO for DEC ...
Recent analysis shows that the SLV ETF and physical Silver are approaching support lows. The red box indicates the accumulation zone for the asset.
Once there consider buys between the .886 fib and the .941 Fib. One could also consider a three month short or put at this price.
One can also go long, oncein the accumulation zone with either buying SLV, ...
BTC is showing signs of retracing to the high. Thus, it's time to play. T1 is the $9700. T2 is the .318 Fib if there is a breakthrough. T3 is .5 then look for a pullback to the .318.
My plan is Sell half the trade at the .5, buy the dip at .318 and then ride until a .618 breakthrough.
MACD, Bollinger, and PSAR are finally showing up, up and up.
Technical show USO is moving lower. My plan is to short at current value with a Target 1 at 13.65.
I am using puts as follows. USO 17 Aug Put. My strike was at .15 per put.
Price is already up 20% on the day.
This is a break from Crypto and about Global Emerging Markets.
I will keep this simple. Emerging Markets are beginning to show signs of stress due to an increase in the dollar, trade tariffs and rising interest rates. Thus, this fund by Ishares is at risk of long term downside. Symbol EEM
My plan is to short until August 40 puts. I expect a ...
Trading indicators are good tools to help plan a trade.
I use the TEMA developed by Advent Trading in our library.
Mine is set at the 50, 100 and 200 Day EMA. These are commonly used tools by traders and I know of several the trade this alone. It is best used on a daily analysis. This view shows XRP is well below all averages . Thus a bear situation that ...
For those that followed me in SDRL. Close final positions and take profits at gains of greater than 100%. Prepare to rentry at .20-.24 and hold for a long term gain.
You can also short with puts to (.50 puts)
This is a good trade to follow and for review read my prior to analysis for long term positions. This is better than crypto because it is oil, oil, ...
Technicals are indicating a continuation of an uptrend from last pullback.
The play here is buy USO for long. Crude will go to 80 very fast due to short covering that will occur if OPEC states it will not support an increase in prices.
Think about it, why should the kingdom add more oil to the supply because of US sanctions.
There are many plays here to ...
XRP continues lateral movements to within the larger downtrend.
The 18 and 12 hour MACD are showing signs of convergence that indicate a downturn is possible.
The Fib retracement placed on the new low and the last high show that XRP reacted normally with a .786 retracement to rebound to .50. It is possible that a .382 rebound can occur.
In order for me to ...
This is obvious, but for the noobs.
XRP is looking at a possible higher low over the next week.
However, it is possible for this crypto, that follows BTC, to continue in the larger downtrend channel.
While no one can predict the future, technicals are showing a convergence is beginning to form and a V pattern in the Bollinger %B.
Caution should be used ...
This data is showing several things of importance.
1) All action is below all levels of resistance.
2) PSAR is down
3) MACD is converging a little
4) A Deep V formed which has usually shown me that once a spike occurs a reversal will follow.
5) This could retest at .61 and then if that fails a retest to .47 (I say the floor) may occur.
Bolinger band resistance ...
DKS is under pressure with more stores opening and severely lower revenues from sales. Stores are opening in markets that are depressed. This will cause a significant run at the cash on hand and could cause a failure.
I shorted in March to May and now April to June.
10 contracts to the lower in anticipation of week financials for q-1.
I am short at 10 calls ...