BITCOIN: BTCUSD The bulls are back in control of this stock today whilst it holds above the upper parallel. This little consolidation is likely a continuation pattern pointing to the upside - that continues to be the case whilst it holds up above that parallel.
DXY: Dollar at critical lows on NY open. Must rally from here to avoid further substantial 2 to 3% sell-off - it's no more than a speccy buy at this level with a tight stop under the lows.
EURUSD: The Euro has broken up through significant last resistance today. It's still worth following before it runs away even further to 1.135 and then 115.05 over the Summer.
Bitcoin is caught in a major battle now between Bull and Bear with Bulls looking favourites to win in the end - so long as 1689-1679 can continue to be defended at all costs.
WTI Spot:USOIL Still patiently waiting for WTI to come back to 48.54 at least and at lowest to 48.26 before getting long again, looking for rally to 50.09-50.18 - Far East originated impulse wave from 10pm Eastern last night. We could see the same tonight looking at the chart
UKOIL Brent Spot: Like WTI it will hopefully get sold sold off on open in Far East about 10pm Eastern US time - if it does it should present a good buying opportunity at 51.09 for rally to 52.53, then 53.50 - worth setting a buy order up and seeing if it gets struck - and if it doesn't do the ideal and rallies from here and not lower down, it's still worth...
USDCAD: USD beginning to break down and has a lot further from here to run. Look to short USD rally as per comment
DXY: Price action confirms DXY has broken down but it can't get any downside momentum yet whilst it's being propped up by those two falling support lines (on chart) - but once it breaks below the move should gather pace - some crosses have already broken down like USDCAD - others should follow in due course
USOIL: WTI Spot has pushed up through the old support line and is holding here...look for minor consolidation back to the trend line one more time and buy as it touches for rally to 54.90
Bitcoin: Another test of the highs underway. This comment is already a little out of date - written and thought it was uploaded yesterday but some glitch and was out so never picked up on it until now. Doh. Anyway, the call has been good so far, so see no reason to pull it even if a little late now - it should hopefully complete the final part of the rally today....
FDN: First Trust Dow Jones Internet Index Fund - in 4th and likely final phase of the rally which began in early 2016. It can go on another 2% from here but then should hit problems. Use this index fund as confirmation next week - looking across the FAANGS for signs of completion. This looks like the final vertical ascent. Don't get sucked in now. Rather, get...
Apple: Should rally up to 163-4 this week coming, at which point it will become vulnerable to profit taking - if we get there...if we do reach this level it's time consider flattening off longs and think about a near term short back to 154
Netflix: Approaching long term resistance and about to become vulnerable to profit taking. Stop chilling now and pay attention to this stock next week. Opportunity about to knock.
Amazon: testing important resistance now. This will need careful watching over come Monday along with Tesla
Alphabet: no reason to exit longs but suggest raising stop to 919. All trends remain positive but short term trend will reverse if Alphabet trades below 919 and trigger a near-term shorting opportunity back to 901. Nasdaq and S and P would also become near-term shorts if we see any such price action this coming week.
Facebook: If you're not already long of Fb because you thought you maybe missed that boat, you're wrong. This has so much further to go but only about $1 downside from here. Last change to get long or pyramid winning positions from current levels.
Tesla: short term short set-up for Monday
Bitcoin: resistance from daily down-trend at 1716 so am closing out long for a 32 pip gain. Enough fortoday. Hope you did Ok with this.