Hello all, I have been watching the US Dollar here lately with keen interest. After putting in a well defined 'Gartley' harmonic pattern, today the Greenback fired a Fractal top sell signal. The two of these combined suggests to me upside pressure is abating and maybe its time for the US Dollar to start coming back down to earth. As outlined on the chart, taking...
Hello all, After reviewing recent Commitment of Trader's (CoT) report data (week 10 of part 2 in our school for trader development....ya, our program is huge!) a student and I stumbled upon a startling fact. Within many reports (from the Comex to the LME) we noticed two consistent facts. 1. Large institutions are heavily net long metals. From Gold to Copper to...
Interesting chart, surprisingly gold and gold companies are NOT part of the 1%....lol....poor 'ol gold bugs
Hello all, here is an interesting trade setup that may only cost you a few hundred dollars to play (maximum risk) and has unlimited upside potential. I think there is a realistic shot at 300% return and the company has a catalyst to drive price going forward. Enjoy
Hello all, Something jumped out at me today and I thought it was of such significance I would post/publish it here for 'the record'. Needless to say, the Bitcoin bear has been a long slow grind and I for one shall be happy to see it go. That appears to be happening now as more and more anecdotal evidence builds for both broader market adoption and public interest...
Hello all, if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
Hello all, I have been trying to put my Delacour Index on TradingView and have run into a brick wall. If anyone out there knows the solution your assistance would be greatly appreciated. The DI measures 13 different indicators over three different time frames (D,W,M). Included in this chart is one of the indicators, 'Willy' for daily and weekly. I have included...
Rational Summary Alright, so lets put all this together and see if it gives us some Rational ideas to work with going forward. 1. Fundamentally, earnings are ok but a bit suspect considering two sectors (financials and commodities) will have poor comparisons to work with going forward. Conversely, consumers and industry should have more money in their pockets...
Fundamental backdrop: While the US economy recovers from its worst shock since the Great Depression, the US Federal Reserve Board has maintained an extremely accommodative monetary policy. From an interest rate perspective, that policy has been in effect now for almost six years and it would seem the trend has slowly started to exhaust itself. The official end of...
Hello all, Hope everyone is having a good holiday season. Thought I would touch base with the community on my thoughts regarding the US stock market as measured through the S&P 500 Depository Receipts (aka SPY). As I have been suggesting for a while now, the US stock market is on one heck of a bull run and while previously I had suggested it was clear sailing...
Hello all. with the fast approaching US Fiscal Year End (Oct. 31st) it is clear to me that we are seeing significant short covering into the event. Considering the rather sizable 'carry trade' that must be covered into every fiscal year end (balance sheet issues) it is understandable why we are seeing such a dramatic rally. Additionally, the US Federal Reserve...
Hello all, It seems to me we are not quite out of the woods on the 'correction' and October still has a ways to go here. I like the idea of shorting the dead-cat-bounce within the 'risk asset' base and I see an interesting setup developing on the Kiwi. The trade details are outlined on the chart above. I simply ask for 3 independent reasons to justify a trade idea...
Part 2 of 2 con't... So, with this wonderful backdrop, were does that leave us as traders. Interestingly, while the world is a very fearful place at the moment it doesn't mean there won't be opportunities in the future (or even the near future). As traders, we can't be caught up in what is happening today. Indeed, we must force ourselves to look into the future...
Hello all, After what can only be described as a parabolic move in the US$, we have seen one by one the world's 'risk' assets slowly work their way back down to earth. Weather it be, gold, oil or now even stocks, the bubble of the US Federal Reserve Board's QE program is deflating. Bitcoin too it would seem has been caught up in this deflationary spiral as it...
Update post production.....this was supposed to be a 4x chart window, idk why it only put one of the charts on...booo Hello all, I finally broke down and subscribed to a 'pro' account. I took the 30 day trial offer - but like I am not going to subscribe now, right...lol The penny pincher in me gave in and as a result I have been granted access to a whole world of...