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Aussie - Amazing these daysAussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly close. I don't know what will happen , no-man's land . Market can move a lot for a short period of time. It's better to miss a trade than to Hope given trade to be profitable. Be patient and Risk small !!!
by 3nchev
Alcoa - Destiny Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch candle closes , don't be fast in triggering the shot (trade) ! I wait for Daily strong closes + Weekly and Monthly bullish closes before starting to write my trading plan for future.
NYSE:AA
by 3nchev
Clearly this is bearish!!SHARE PRICES, SINCE FRIDAY’S MARK, HAVE MOVED NOWHERE as our International Index has lost one single point as five of the ten markets in our Index have fallen and as five have risen. Given that our Index finished last year at 9,556 and given that it is 9,238, for the year-to-date stocks in global terms are down 3.3%, while stocks here in the US as represented by the S&P are as close to unchanged as they can be for the S&P closed last year at 2,044 and it closed Friday at 2,046. What is more important, however, than the year-to-date change is the change from our Index’ all-time high late last May at 11,185, for from that high stocks globally are down a very material 17.4%. Clearly this is bearish; clearly stocks in global terms are not bullishly inclined and clearly too here in the US , as evidenced by the chart of the NASDAQ included here this morning at the lower left of p.1, the very nature of the US market is turning for the worse as the upward sloping trend line that has defined the bullish run here in the States is about to be put very much to test. Quietly, but steadily, in our own account… our retirement funds here at TGL and the only money we manage but money that is really rather important to us, obviously!... we are turning bearish of equities. Friday, because our position in aluminium has been turning against us, we cut that position yet again, for we always try our best “to do more of that which is working and less of that which is not.” We began cutting that position late two weeks ago and quietly but steadily cut it back last week and now have 1/3 of the position that we had on at its peak. It’s hurt us badly that we did not cut it more swiftly and more severely, but that is the nature of our trading activity; we are relatively slow to add to positions and we are equally, but relatively slow to cut them back, but do it we have. For the record, as of Friday’s close we are +4.3% for the year-to-date, out-performing our International Index handily and still out-performing the S&P and thus most hedge funds; but clearly the past two weeks have not been our best. Today, however, given our positions in gold we should see the “spread” between our performance and that of the broad global and parochial US markets widen pleasantly in our favor.
FX:SPX500Short
by DennisGartman
CADCHF- Don't miss this I will go short on this pair on the break of the red TL and moving averages. This opportunity is viable only on the break on the TL, before that we can expect a move up to 0.76366. On the break, I am expecting the market to go down to .68 to .67. Now that is 10 % downfall which also means that for a person who uses 1:10 leverage that's 100% return on the capital invested. And that is why I won't be missing this trade. From the research I've done in other currencies, I can see the potential for CAD weakening and CHF strengthening. Good luck. Do share your views in the comments below and 'Like' if this helped you. Cheers (22/03/2016) My other Ideas can be found in the links below.
Short
by Guhanak7
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