BTC still stills comfortably in the channel though the channel is to the downside. we took a buy a the bottom and have set our stop loss to BE at this point. A break of the channel around 56K could mean this was just a pause before the breakout above. Either way trade the downward channel carefully it is in consolidation either way.
With a full candle close above the 200MA we are now headed back to a bull market for DXY and this affects two other markets: Forex and Stocks Forex means that a stronger dollar vs EUR GBP JPN etc. So us goods will become more expensive and foreign goods will be cheaper (sans China). With that us exports could drop. If we climb above some resistance lines at...
We are talking US OIL today and some of the trades we have charted. Still holding a long position from 41 that we are comfortable with. Did take some of the position off but still large into it. Correlation stocks for us were: UCO and USO
SPY is getting closer to the bottom of the H1 channel we have set up. If we continue below 385 then look for a return 382 and then 371 on our Fib sequence. If we bounce off the bottom of the channel then it is just a release of any overbought scenario. We are short term neutral but long term bearish on the current market as the Daily is very overbought in our opinion.
We said in an earlier post that the continuation upwards for the 10 yr yeild is a sign that there could be a stock market pullback, that is a pretty good theory but also at the current levels really not a possibility. We are not taking into account any market issues like oh for example 2T worth of dollars pumped into the market. Those mini-bonds are not doing...
Given the recent need for industrial space (large industrial spaces) which STAG has a considerable collection of. As long as tenants continue their lease and keep paying we see the same upside potential for product given the rush to LMD and E-Commerce warehousing. Two things to watch 1. tenant renewals 2. Supply Chain issues $35 to $36 seems comfortable in the...
From a technical perspective if we break through 1.69 on the 10 yr gov bond yield then we open up a whole new level of charts for a return the larger number target of 3.2. Substantial in two ways: 1. Higher yields create higher borrowing costs for companies and consumers 2. A larger majority of investors (retail) are people over 60 with retirement incomes to...
Our 88.6 Fib retracement bring out the high at 2039 if we can close above 1959 for the most part we open up the 1.27 extension which would be $2241 Good luck that is a $321 profit from the current price.
We are in a middle ground right now for DIA. Given the stimulus plan in place (very sure that is passes as of 3/10) expect an extension to 326 for the short term. We don't see the 1.618 extension hitting anytime soon so 326 is the extension we look for a conclusion in the current market cycle. Anything over this is a very overbought market and needs to be...
We love watching this chart because it is very accurate but does not trade alot. We are currently following this trade set up both in an account and on paper. The Trade: Oct 1 2018: Buy $10,000 worth of XAU or roughly 8.3 oz March 25 2020: Sell those 8.3 oz (now worth $13,494) for DIA @ $214.x or 63.2 shares Today March 10, 2021: Those 63.2 shares of DIA are...
If the past 60 days are any reflection on GE stock we expect this extension to continute for $GE for another roughly 45 days that would get us comfortably to the 16 dollar range. An extension above that point is very likely if we continue to see increased air travel and new orders for aircraft (that use the GE engine) and also industrial machinery orders...
NOBL is a very good part of the portfolio with a very good yield and a great return, the only problem is the expense ratio for this is extremely high. If you could do a NOBL that could cut the expense ration in half (say .15%) i think you could get a larger return. We are still tracking the long term trend line and seem to stay way above both the 50 and the...
We have a rise to the trend line currently happening with sharp increase in oil. If we stay above the $60 a barrel oil, look for a continuation of HAL and a break a small resistance line at $25 follow through to the larger $32 trend line we open up $40 on the market. We are currently long, holding a majority from $8-9 range.
GE has put in a daily bull flag, with the Monday (2/22) break above the trend and the Tuesday (2/23) retouch of the line and return above the extension is valid as of right now. You could say conservatively that the pole of the run goes from 7-11 making it a $4 dollar extension. With current price at around 12.8 we could see a run to 14.8 and 16 respectively....
Good morning, as you can see from the chart we are coming into the last reistance level for WTI Crude oil at 63.3-63.4 range. From there a clean break above and we open up the 66-76 level for oil. Watch in conjunction both USO and UCO as indicators of the strength of the move.
Daily Chart buy zone gaps in the trading cycle for TSLA, price points have hit and passed through the first gap on the downside. With the trade below the 200 MA we are not actively looking for buys at this moment. We sold a bit at $817 on the cross and close below of the 200MA. Neutral in our position still holding from $198 to make any further decisions.
We are comfortable holding long term USO between $38 and $45 based on current global environment and trading structure. There is a long term trend line that sweeps through at $38 that heads to $39 slowly, very slowly which is easier to take advantage of. Still targeting $45 on the long term that is a safe place to take a position off this trade but continue the uptrend
Watch very closely this week the support levels for TSLA at $760 a move below there for us means a return to the $500 range. There is a broader market sell off happening today.