(FAZ) 3x Short Financials ETFThe Trump rally has the financials arguably overbought. Interested on people's take on the rationale behind price tag of these financial stocks. FAZ provides a great opportunity to profit from a selloff.
Trumprally
Bank of America and the So-Called "Trump Rally"Bank of America was supposed to jump anyway. The current drop is not Trump’s fault, either. BAC is still in a long-term uptrend.
SPX 2300 Imminent!SPX completely went up on bullish trend after long period of correction. As we can see SPX break through the solid line directly and approaching the 2300
USD ZAR explosion about to happen (Post trump inauguration)1 To go up if markets already priced in trump uncertainty post press conference.
2) To go down (forecast is actually conservative so, expect even lower reaches) if market hasn't priced in trump uncertainty.
Trump has no real policies and markets may see this when he's confirmed.
2 seems most likely but things have been a bit weird around trump, so expect 1 as well. Moves to start Friday and to take off Monday.
$AKS 161216C$10.50 BTO Calls@market open 121216 +161223C$12.00- Been swinging Call Options on AKS since week end 11616; Purchased 4 Calls (Strike Price 10.50) on the Market Open Monday AM w/ a Limit Order price of .29.
- Averaged down w/ purchase of 6 more Contracts the following day w/ Lower Low (Consolidation) being set in @ limit price of .15. Held position - FED Hike in hopes of a Market/Metals Rally to no avail.
- Holding 10 Call Contracts Avg. Price of .22 per and looking to match the gains failed to realize pre-hike at the least.
- Looking to sell to Close the contracts on or near loss of 10, 20, 100 period MA w/ the 30 minute Chart Setup.
- Do Believe After Hours activity will have all 3; including the EMA 4 & 8 period Moving Averages as support on the open.
- If the 4period EMA has not crossed the 8 period EMA to the Upside; I will look to hold position until it does.
- Slight chance on the 30 Minute Chart of a 50 period and 200 period Golden Cross(I believe so anyways); but WILL not Hold thru Friday 12/16/16 in hopes of seeing additional gains should it not occur Thursday 12/15/16.
- Trade setup for following week or upon Total Gains >= 400% put in place w/ weakness following FED Hike and possible profit taking from medium/long term traders:
- In lieu of adding more contracts to this weeks position, purchased a total of 10 Call Contracts w/ - AKS w/ a $12 Strike Price expiring 122316 for a .08 per. If further weakness occurs - End of Week, willing to add but ONLY if it AVG. Down my Call Contract prices (.09 after commission). As stated previously have been swinging, successfully mostly, this Ticker since one week following the election, along w/ AMD, CLF, VALE, RYI, FCX.
Buying NAS100 on pullbackThis index seems to be lagging compared to the SPX and RUT.
Shorting the market just doesn't make sense yet .
I'm taking a long position based on the ANN strategy buy setup,
targeting ~4921 and a stop loss at ~4831.
Good luck.
Dollar index (DXY) 2016-2017 Analysis: Wave 4 correction is due.Talking Points:
DXY Technical Strategy: Keeping bullish outlook but temporary correction due
Elliottwave Count: Nested impulsive count, wave 4 correction is due
Analysis
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards 103 and above. However, we are expecting small set back of this impulsive rally as part of wave 4, we were seeing small correction in shorter time frame but that is still too shallow.
Action
As We are expecting small set back to re-test channel support, we are looking to re-initiate our long position on dollar basket, i.e. we are looking to sell EUR/USD (Euro / US dollar), NZD/USD (New Zealand Dollar / US Dollar), Crude Oil, etc.
-- By HoagTrading.com (@Hoagtrading)
Dollar index (DXY) 2016-2017 Analysis: Rally to continue post elTalking Points:
DXY Technical Strategy: Keeping bullish outlook
Elliottwave Count: Nested impulsive count
Analysis
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards 103 and above. However, we are expecting small set back of this impulsive rally. Index is testing horizontal resistance near 101.50 area. Break of this level will have 103.15 zone.
Action
As We are expecting small set back to re-test channel support, we are looking to re-initiate our long position on dollar basket, i.e. we are looking to sell EUR/USD (Euro / US dollar), NZD/USD (New Zealand Dollar / US Dollar), Crude Oil, etc.
-- By @HoagTrading (Hoagtrading.com)
