Nissan: CEO fired, long term bottom against yearly supportI've been watching the drama in $NSANY unfold, and after ousting their leader, the stock seems to have bottomed. Technical signals show that the long term support in the yearly timeframe has held. If anything, you have significantly big odds of this drop being the bottom in this stock. Wouldn't shock me to see a rapid rally emerge from here soon.
Cheers,
Ivan Labrie.
Timeatmode
USDCHF: 4H possibly leading to a larger daily rallyThe 4H timeframe looks appealing here in $USDCHF. I'm holding a daily long entry, and speculating on it triggering a larger rally that can last 2 weeks, and reach the vicinity of 1.02332. Currently my stop loss is below the recent low in the daily, but we can look into adding and trailing stops higher once we have further confirmation in a day or two. This trade serves as a hedge for my intermediate term $XAUUSD longs, which I've been holding ever since I called the bottom in precious metals (see related ideas).
A pullback in gold would be a nice opportunity to add and buy back silver and mining stocks as well. Keep an eye on those in the coming weeks.
Cheers,
Ivan Labrie.
NGAS: Quarterly target hit rapidly, short squeeze ended...I think $NGAS will trend back down to the 2.88 region once more. Most likely peaked already, although weather being the coldest in years could be a concern, fundamentally speaking (nevertheless, this variable could be already priced in). Short entries should be safe overall, any rally is a short here in my opinion, just risk 0.25% on each attempt.
Cheers,
Ivan Labrie.
DIS: Multi-timeframe Time@Mode trendsThe yearly and quarterly trends are up in $DIS. Weekly is back at accumulation support here, and bouncing off it, while the quarterly had retraced down into an ideal long entry level to capture the trend in motion in that timeframe. Signals have large targets, so any dip in this stock is a buy. Key Hidden Levels in the daily offer multitude of profitable long entries, while the trend consolidates in lower timeframes, following the bullish bias from longer term patterns. In short: buy the dip!
Weekly can trigger a trend in a week or two, I plotted the potential upside on chart, in cyan. Daily is oversold, but needs to climb back above the last earnings support level, see the chart below:
Cheers,
Ivan Labrie.
EURJPY: Time at mode trend signals$EURJPY is close to flashing an uptrend signal here, maybe in a day or two. If price breaks up forcibly by then, this signal might trigger leading to a rally to the box target on chart, in the time duration of the box or less. Once the target hit, it could be the top, and price come back to today's low area again, in roughly the same time as the box duration is, OR, price could form a new range, and a new box, surrounding the highest activity level from which a new trend signal will take off if price holds up after this rally ends.
If that were to be the case, we would be in the presence of a strong trend. For now, trend signals are reversed after they reach their targets, meaning that the market is range bound in the weekly, and daily, and only trending in shorter term periods.
Cheers,
Ivan Labrie.
WMT: Retraced into an optimal buy zone$WMT has retraced back down into support here, and it is an attractive buy for anyone using @timwest's methodology and indicators.
I'm looking to average into a long position here next week, buying into support, adding into strength, or even averaging down if we test lower support levels...as long as holding above this zone we're in good shape.
There's a 9 week uptrend active, as per Time@Mode, so, until this signal expires, or if we fail to hold support at the mode where most of the accumulation happened, prices are likely to trend up from here.
Best of luck,
Ivan Labrie.
BTCUSD: Bear market still ongoing...The 2 week timeframe has flashed a sell signal in #BTCUSD, the market might trend down until April 2019. I'd stay on the sidelines and wait to buy the bottom by then, it matches the timing of fundamental events yet to pan out, which makes me think this is IT. The market needed a catalyst to move, and we have the Bitcoin ABC mess right now, bullish catalysts are not enough, and not yet here, to reverse this decline...and we still have the supply from Gox creditors that will eventually hit the market at exchanges, which puts a lid on investors' confidence.
Stay safe, stay out...trade at your own risk.
Cheers,
Ivan Labrie.
EWZ: Ready to move up from here after consolidating?$EWZ looks poised to rally above the 'Temer almost impeached' fundamental key levels.
These 3 price levels acted as key support and resistance zones since the market bottomed as per my previous publication, good time to rebuy Brazilian stocks. Bolsonaro being elected president might please investors in the long run, is what I think.
Cheers,
Ivan Labrie.
HAL: Interesting long entry...I think $HAL is poised to rise up to 50% from here, it tested a monthly support and held up, and is now shooting up with oil coming out of a correction. I'm entering positions at market open, and looking to add over time as the trend develops, if it does bottom here as I see it now.
Best of luck,
Ivan Labrie.
SPY: Potential market bottom during consolidation phaseI think we may have seen the bottom in $SPY, judging by the action in the last couple days. The market had reached the peak of a weekly signal, and after time ran out for the projected advance started a steep correction until now. Sentiment has peaked apparently, and we could be seeing a turn around in bonds, oil, and $VIX.
Keep in mind we might be consolidating, and moving sideways all year, which is what long term (2 month bars) Time@Mode signals imply, and which also aligns with fundamentals here overall. Despite this, the market is supported, and a larger decline is not likely to happen.
I hold larger positions in metals, and miners, with some exposure to oil, Euro and $SPY here.
Cheers,
Ivan Labrie.
EURUSD: Update and buy signalTry to reenter $EURUSD longs if you got out, ideally on dips. Stops can be set at 1.1432, and we can at least aim for a retest of resistance above. This may evolve into a larger weekly uptrend over time too, the outcome of which I guessed by including the copied bar pattern in white on chart.
Best of luck,
Ivan Labrie.
USOIL: Correction in a monthly trendI'd reccomend to stand aside, or, look to trade the extremes of the range if you are adept at chop trading. In my case, I'm more of a trend trader, but could look to trade $PBR on dips to support and exit when valuation is stretched again, after an overbought rally...Or stocks like $OXY, or refineries, like $MPC, $PBF, etc.
If you expect oil to make a big move, you will get disappointed and probably buy into fake breakouts multiple times, to then get tempted to sell or flip short on fake break downs...The green vertical line on chart is the estimated time required to start a big monthly trend again. Until then, expect a volatile sideways range.
Cheers,
Ivan Labrie.
GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
GBPAUD: Time at mode and RgMov signal a buyWe have a pretty tight stop loss entry in this pair if we break a previous day high (PDH) soon. Stop loss should sit below the last daily low here.
If we move straight up from this juncture chances are the daily timeframe signals the market is accumulated and ready to march higher once enough time passes, most likely trading sideways at a higher price zone.
Current daily trend expired, a 12 day advance, so we can expect a 12 day consolidation or retracement, but if price breaks up, since the largest timeframe is trending up, buying into strength would be a low risk, big reward entry, which might evolve into a larger move over time.
See the monthly chart below for reference.
Best of luck,
Ivan Labrie.
NEWT: Downtrend target hit, time expires soon...$NEWT is one of the stocks we monitor in our income stock watchlist. I like how it's setting up for a buy here, normally it falls after going ex-dividend, since investors leg into it ahead of the dividend being paid, and exit after receiving it. This is a reliable pattern in this stock.
Technicals show price met a downtrend target slightly ahead of time, and as soon as it turns up over a previous day high, it will be safe to be long this stock. Additionally, we could wait for time to expire, by the date shown with the green vertical bar on chart.
I estimate price will act as per the yellow arrow on chart, if it follows 'Time @ Mode' rules by the book (which is likely overall).
Best of luck,
Ivan Labrie.
Weekly commentaryI'd like to discuss some very interesting market signals that I've spotted, as a result of tracking the US equities, FX, Commodities and Cryptocurrency markets on a daily basis.
Many times people ask me about specific markets, or, decide to focus on one market they like. This is not the optimal way to approach trading in my opinion, since a market can be in a rout for a long time, with prices stuck in a sideways range, or, simply in a bear market, without
too much liquidity or interest from investors. The latter is the worst kind of market action, as far as efficiency of trading signals goes, and I will explain why in video publication I will share the link for soon.
We're looking at the #SPX chart here, I find it very interesting when there are big declines in this market,
since more often than not, we can catch very interesting opportunities on the long side in US equities. But we also need to be prepared to anticipate tops, and extended declines or sideways action, which normally come after sentiment turns around. Most of the time, since the last financial crisis the world endured, sentiment tends to be bearish among the public and specialists, normally turning less bearish or bullish near local market tops, which can be followed by corrections or consolidation patterns of different duration.
I'll publish a link to a video publication in related ideas very soon, stay tuned.
Hope you all have a great weekend,
Cheers.
Ivan Labrie.