Speculative
$LEI Potential Spike?This ticker has been requested by a follower of mine, so I mapped out the current trend along with key resistance points. Trade safe!
usdcad - speculative sellSpeculative sell in USDCAD. We are seeing a reversal in sentiment this am following Chinese GDP data. Oil looks firmer as does the US dollar. We are selling the USDCAD pair on a speculative basis. Possible downside target at 1.35
USDJPY - short term buyIn the chart we can see a bullish cross on MACD together with rising lows on RSI confirming the recent upmove in this currency pair. We are taking a short term long in this pair with a stop at recent lows. Good luck.
Defined risk - Speculative trade. Mean reversion due.Buy Vertical PUT Option spread on FAZ ATM ($55) 3 mth expiration to close at $40.
I have entered this as LONG - that is obviously referring to the market going long facilitating this trade which is SHORT on the FAZ 3 x ETF..
(LOSS) EUR/USD Short-term Long Reversal (2.7:1 risk/reward)A bit of a speculative long reversal play which has burned me more than a few times already but this position is a more ideal spot to go long than my previous long position which was doing perfectly fine until news came out.
Re-entering the same position just to see how it plays out. Still like this fib powered play and went long closer to structured support which was not broken despite news drop.
WARNING: I really should have waited until fed speech but I still overall like the play purely on price action.
UPDATE: Got burned.
ROX: Interesting Spec PlayRox is a small time liquor company who has experienced an incredible bull run over the last two years. While small company spec plays can be financially rewarding these also carry the highest degree of risk. I will point out that this company was trading at $10 years ago and sailed all the way down into penny land so be wary of that. Now onto the chart From what I see here, if Rox were to gain momentum again, my high end target would be set to $2.50. However, in order to reach that target it will have to 3 areas of key resistance which I have identified at 1.55, 1.70, and 2. Also, I have identified 3 key areas of support at 1.25, 1.15, and 1.00. Closing above/below these key areas would be the first indications of a breakdown/breakout.
GPRO Near Key SupportGPRO has been in a downtrend for over 5 months now. Its backed itself up into its key support line that dates back to the early days of this young stock's IPO. $37 is the area to watch for. If it fails, we will see new lows before we see new highs in GPRO. For confirmation of a reversal I'd like to see GPRO hold over $45. If GPRO can get over the $50 hump I would be very optimistic for the bulls. For a long term stock holding, one could take a speculative play here at 42, place a stop at 37 and see if GPRO can make a run at the ATH months from now.
Have a suggestion for my next chart analysis? Please Comment!
Long GoldWith interest rates around the globe slowly entering negative territory, gold become a rewarding asset yielding zero... Is it the end of the cyclical bear market and the start of a new bull? I am definitely opening some long with the hope of pyramiding later this year. For the time being, a nice speculative long position can be entered on a retest of the neck line targeting the average performance of a leg up in bull market
