I published this one only now, I've been long for a good while, and banked profits recently. I bought $BAC today, near the closing price. I think this stock is primed for a huge rally, that will end in a new all time high by 2021. Definitely one of the strongest long reccomendations I can make to benefit from the long term trend that is active in the S&P500 right...
I think Nat Gas is bottoming here for a while. It can swing up strongly, if it holds up. We have 4 days without going any lower, soon to be 5, the next move is going up and retesting the key level at 2.27, if holding over it, the next level is 2.88. We have 5 months already, where price stayed higher than the lowest low which took place back in August 2019. A...
$CSIQ has a strong chart here, and good valuation in a very interesting growth industry. The daily chart has a signal here indicating a steep rally is starting, this might end up evolving into a larger timeframe trend, as the quarterly flashes a breakout over time. I'm looking forward to holding if that is the case, after this daily signal reaches the...
$KEY has a great chart here, trending in the 2-Month timeframe, similarly to $BAC and $SPX , I think it may be a great hold from here onwards. It's at a good dip, near long term support, hard to beat the reward to risk ratio here. Cheers. Ivan Labrie.
Relative strength in $GE is through the roof here, and very interestingly it comes while insiders are buying shares, after the CEO was fired and the stock removed from the S&P500 index. These are STRONG bullish signals, and not to be ignored. The fact the stock broke into new 52 week highs, on big volume, while the market was down sharply is a clue here. I'll be...
USDNOK is in an active quarterly uptrend, and now retested a good long term support level. Longs from this zone are likely a very safe proposition, problem is having a safe enough stop loss for the trade, since the time duration of the trend is very long. Price should rebound here, and if it does, it would be a huge reward to risk trade to go long with a tight...
I think #CGC is being accumulated as it bases sideways here, since most people probably sold after it bottomed recently. As pointed out by @timwest, tax loss harvesting might have played a part in the supply that came to the market recently, which should be over by today. I'll be accumulating shares gradually here, currently bought a half position before the close...
It seems there is a mid term opportunity to be long precious metals for 12 weeks here. I'm long since last week again, as a way of reducing risk from my net long equities exposure (roughly 21% net long, I'm short $AAPL, $AMZN, $NFLX, whilst long $TSLA, $BAC, $INTC). Upside in gold can reach as high as upper 1700s, if this signal pans out favorably. Risk is a drop...
$USDCAD favors bearish positioning here, with stops @ 1.31797 at least. Downside to 1.29983 is 60% probable while below this stop level. It's moving down from the most recent NFP support level that broke down a few days ago. Oil is also making higher highs at the same time, so I think this is a high probability trade, with a very well formed technical setup in...
$BAC offers a good entry to join the long term trend here. The daily timeframe flashed a signal today, if it holds over today's low give or take it will likely accelerate up from here, moving higher for 6 days, before consolidating once more for a week or two. Fundamentals are in place for a massive trend up in financials, with regulations loosening recently,...
I think the daily based decently here, and judging by Friday's bar, a trend might be about to gain traction. Silver is likely a good buy from here onwards, should be a good addition to your portfolio, to hedge equities risk, and/or to profit in a speculative FX/Futures account. There will be many trend trading opportunities in precious metals going forward, most...
On Friday I bought back into #Gold positions after a long time without having any exposure to the precious metal. Me and my clients entered here: 'Let's buy an #XAUUSD long position here, stop loss @ 1417', this tweet was sent when price was 1454.58, 10:48am UTC-3 at the time. twitter.com If I'm not mistaken the bimonthly trend signal active in $XAUUSD might...