This look likes a bear set up going into earnings. I hope i'm wrong but not sure what good can come out of earning that would warrant a price pop?
huge reversal on the last 2 days for the daily candle target the 151.41 long if it is still appears bullish tomorrow.
I expect for IBM to test the 144 level once again. as its cycle pattern seems to be rolling over now.
Looking at the headlines tonight looks like Saudis cutting further investment with Canada could be weak for the CAD. I would be watching this action tonight to see if take out recent lows or the bounce off the 68.2% retracement of today's spike.
Apple hits the one trillion market cap as equities finish strong on the week, currencies saw the US dollar strengthen against a few following announcements from BOE, BOJ and Fed.
i think the company is a pig but things can't fall for ever look for the box to be area it could bounce at. Trade at your own discretion.
Right now looks like a long on the 30 minute, play the fibs could be inverse head n shoulder who knows.
Time cycles seem to line up with dip buying chance if you want to get long or if you feel like a short could use them to time a top not an exact science. This trade has headline risk with being a trade war going on.
Some important macro events that went on for the week with a weekly performance report for the 4 major indices on the US stock market. If you would like anything else added to the chart comment below.
I like the prospect of being involve in crypto and video games both growth industries. I do think the cup and handle pattern will play out from earnings breakout.
I like this as a short targeting the fib extensions, stop is above red line. BOJ meeting is next week so have your calendar and alerts set if you are trading any pair with JPY they may change direction on monetary policy
Expecting more weakness is the pound this coming week while jpy will be strengthening...
If more bad news come out of the trade wars news front and this wafer producer could see a nice pull back to a key support area. Could provide a nice short term short trade if earnings come out negative.
cadjpy think this pair will continue strength in the coming weeks.
Looking for US dollar to roll over from highs could be an area of pull back for the $UUP product. Does not move a lot in the day so look for options in it for a greater return than buying shares outright. The longer dated expiration does not have a lot of volatility in them so if considering an option trade the first pop you get in premium and you may want to...
Trade wars is going to hurt it or not it's up to big money holding the stock. Boxes are where i see price hitting in the next week to two. Will investors pull money of this and other US leaders and start putting it to work in other markets? Which markets would you pick?
Long the Chinese Large Cap stocks with this ETF. Product is super volatile do your dd on investing in International Markets. With the weakness of the yuan against the US dollar, equities should be a good buying opportunity..buying the next day after this reversal could be a chance of collecting the move up to in the air pockets above.