Chadison-Brosevelt

Chadison-Brosevelt

The stimulus package is no joke. It is the largest economic stimulus in American history with $2 trillion being pumped into the economy. All should know that when more dollars are printed they lose their purchasing power and prices go up (inflation). I went short the dollar with a target equal in length to wave A at around $96.50 and a stop loss at $101. EURUSD...

Chadison-Brosevelt

With TLT showing signs of a top and gold on its march to lower lows I see a clear opportunity in TBT. Five impulsive waves up, followed by a 3 wave correction to the 61.8 Fibonacci and is poised to continue upwards... Excellent risk to reward here if you have a stop just below the retrace level... Feel free to hit me up with any questions! LIKE, COMMENT, FOLLOW

Chadison-Brosevelt

Oil's current price structure suggests another impulsive move is on the horizon. Due to the current fundamentals...OPEC scrambling to prop up the market, huge chinese monetary stimulus and a great manufacturing outlook... prices are more likely to push up from here. EXCELLENT risk to reward here with a stop at the most recent low around 49.20 and a wave 3 target...

Chadison-Brosevelt Updated 

The coronavirus has wreaked havoc on an already battered oil market and OPEC should start to interfere... They are unlikely to allow prices to continue much lower from here... Many reports have come out about an emergency OPEC meeting that is meant to cut ample supplies in an attempt to curb prices upwards... I believe this will have a decent impact on price at...

Chadison-Brosevelt Updated 

Sharp rally from earlier in the day has turned into a bullflag overnight. Coupled with overbought rsi, we should see one more leg higher before a clear direction... Chinese stimulus, great earnings and strong manufacturing reports have me leaning towards more upside before a larger scale correction... I don't think the coronavirus will have a lasting impact on the...

Chadison-Brosevelt Updated 

Not an extremely detailed analysis here. Price structure is simply looking weak and unsustainable in the immediate short term. I took a small short with a stop at 3300ish and targeting 3200... Mediocre risk to reward here but structure is on my side and medium term trend is skewed to the downside for now... LIKE, COMMENT, FOLLOW

Chadison-Brosevelt Updated 

Silver has found support around the 17.40 area, a key 61.8 fib level and at the bottom of a potential trend channel... A great risk to reward trade can be placed here with a stop at the most recent low and a short term target at the top of the trend channel... Thanks for checking out this brief idea! Be sure to LIKE and FOLLOW!

Chadison-Brosevelt Updated 

Coming off an 8 month bear market, cannabis appears to be making a comeback... The overall reversal adds to the likelihood that the current bullflag will push prices higher... A position started here could have a stop loss placed at $22.50 (this level would negate the flag). Short term target could be placed at the closest resistance, long term target could be...

Chadison-Brosevelt Updated 

Following the false flag that was the Iran conflict, crude oil continues it's trek down to $50 per barrel. The Iran conflict did not have any affect on the supply of crude oil, the heightening in price was simply traders/investors getting psyched out by the possibility of prolonged Middle East involvement. IEA report continues to support the argument that crude...

Chadison-Brosevelt Updated 

Very short term trade here... SP500 has showed continuous strength even in the midst of a manufacturing contraction, barring some unexpected event I can see SPX at least getting back to previous highs... Possible cup and handle pattern forming, my stop is at the previous low and once the previous high is met I will place a trailing stop loss... Thanks for...

Chadison-Brosevelt Updated 

If you can remember back to the Saudi Aramco attack then you can also remember the peculiar price action. The attack caused the crude price to shoot up an incredible amount just to give it all back and then some over the course of a week. This is because Aramco released a statement announcing production would continue as normal... The recent tensions with Iran...

Chadison-Brosevelt

Similar to long TLT... There is an excellent opportunity with shorting USOil right now with a great risk to reward... Stop would be at the top red line around $63 with a target of sub $50... Oil took a bit of a dip today while equities continued to grind higher, suggesting weakness beneath market... RSI also became oversold on hourly indicating lower low is still...

Chadison-Brosevelt

As described within the chart, there is an excellent opportunity here with going long TLT (20 year bond etf)... Oil took a small turn down today (still expecting sub $50) and could be seen as an indicator of further downwards price action for risk on assets... Equities continue to grind higher with little news propelling it forward... Gold is also looking towards...

Chadison-Brosevelt Updated 

Crude oil is heavily reliant on the laws of supply and demand... IEA reported that the production cuts that OPEC plan on undertaking will not be enough to bring supply to meet demand in Q1 of next year... The amount of crude oil available will surpass the amount of crude oil demanded... Markets should begin to discount this very soon... Coupled with this the SP500...

Chadison-Brosevelt Updated 

Every touch of the trend line has been followed by a smaller spike then a much larger one. Most recent touch was a false breakdown and quick rebound just above the trendline... Crude oil typically rises and falls with equities. USOil just fell from $58 per barrel to $55 per barrel on Friday (5%). Expecting equities to be very close to a top and should move down a...

Chadison-Brosevelt Updated 

Large inventory builds and coming off the driving season, crude oil should continue lower... The corrective upwards price action that began in October should come to a head soon... Each move upwards is a slow grind that lacks the impulsiveness seen during previous bull cycles... If I am correct in that current price action is a corrective B wave, we should see a...

Chadison-Brosevelt Updated 

As posted in a previous idea... I expect equities to continue chugging along to new highs as consumer confidence continues to outperform and, possibly, a turn around in manufacturing data... A small bullflag looks to be forming and a blow off top looks to be in the cards before a decent size correction that will eventually lead to new highs... In short... Short...

Chadison-Brosevelt Updated 

EIA data had another massive build in inventories... Coupled with this crude oil is near relative highs and in a larger corrective structure... I opened a short position against the most recent high around $58... Targets are not yet clear but I will keep this post updated as price action indicates potential exits... I encourage comments and constructive...