Bitcoin now stabilising and a speccy short term buy
Bitcoin Update. Close out shorts for now as per comment
Bitcoin: now getting close to a the first real shorting opportunity in Bitcoin since the last peak. As soon as Bitcoin falls out of its parallel it's time to short. And there is potential to short from around 1950 if touched on Friday, as per comment
S and P 500: Some seasonal facts to help you decide on likely S and P direction from here over the Summer: S and P 500 Highs and Lows since 2011 HIGH LOW 28.4.11 5.8.11 and 28.9.11 27.4.12 31.5.12 and 9.11.12 21.5.13 20.6.13 and 27.8.13 and 9.10.13 no May peak 6.8.14 and 15.10.14 18.5 15 20.8.15 and 28.9.15 19.4.16 ...
SEASONALITY OF VIX INDEX, including nearest dated FUTURES LOWS during Low Volatility era: 2011 to Present: BUY LOW Date of Low Low to High Time Period fronm Low to High 2011 on 27.6.11 17 to 46 3 months 2012 on 20.9.12 14 to 22 3 months 2013 on 29.7.13 13 to 20 ...
S and P 500 2 Trends 2 Trades Seasonal factors are beginning to show on S and P now. Over the last 20 years May to October periods have produced a correction of between 5% and 41% in every year without exception. The average loss per period was 14.9%. For the last 7 years if you'd bought the S and P on 16th October each year and held for 6.5 months until selling...
Nasdaq 100 Index: Nasdaq has come back within the original impulse wave that's been driving it upwards since mid April and remains positive whilst tracking within the parallels. But that's no reason to get complacent here.
USOIL WTI Spot: Has not been able to scramble back above key resistance at 47.07 and is therefore still unstable. Testing near term minor support at 45.79 and vulnerable to further selling pressure if it gives way back to 44.88 at least
S and P 500 Despite it's reluctance to join in the Euro party this index still has a positive chart. Only a break below 2377 would change the near term outloook to bearish
DIA: SPDR Dow showing 30 points up right now at Igindex.com. that's damn cheap. Take a look at Germany- up 138. Dow and Nasdaq both trading now and are still offering great returns for the brave bull who uses stops sensibly (so they don't get hit unless the market is turning down bigtime)
S and P is closed in London but the Dow is showing 30 points up whilst Dax is another 138 points higher at 12850. Nasdaq showing just 5 points up but no S and P trading. Nasdaq and Dow are still cheap..right here, right now. Why not make some money whilst you sleep tonight? Dow good for 21380, next chart - check IG index website for prices.
Nasdaq 100 Index: Unstoppable, still. Just stay long until we get some decent signal to exit. That doesn't look like it will be any time soon though.
S and P should gap up and break out on Monday morning due to European euphoria because for once the favourite won. With one bound the S and P will be free and go on a run. If not already long, get long in Tokyo asap or even in London on IG index from about 5 to 6 pm Eastern tonight.
Apologies for last upload. Error. Shows DXY Vs Dow - irrelevant. Here is the correct chart of DXY Dollar Index V Gold spot. Gold should rally to 1245-8 at first, then to 1258-1260. Dollar should fall 2.4 to 2.5% in first phase.
DXY Vs XAUUSD: best estimates for Gold and DXY for Monday's expected shift in valuations
USOIL: WTI Crude Oil Spot - see that pin bar on Friday? They're not called Pinoccio Bars for nothing. This is a buy again, not a sell - if that Pin bar isn't lying. Time will quickly tell. Let's see....
CUUUSD: Copper, like gold, looks like it will get saved here by a technical back-flip, courtesy of the Dollar. It should rally to 2685 where it's probably going then to be a good short again.
XAUUSD: Gold - was bearish of gold on Friday. Now the wind's changed - completely - 180 degrees due to the Dollar breaking down. This should save gold from further falls as people flock to it as a shinier, safer safe-haven than the Dollar for a while. Worth getting long asap (NY will be too late for this) as Oz opens as the price is so low at 1228 it means a stop...