SkyIsCalling

SkyIsCalling Updated 

ES had a hell of a week last week with three huge bullish days. I think it's due for a (slight) pullback. I'm seeing 800 contracts sitting on the offer just above 5620. I'm playing the resistance there for a pullback back near 5600. Limit sell order placed at 5620. I don't want to stand in front of a steamroller, but this is a nice setup with a 3:1 RR that puts...

SkyIsCalling Updated 

Gold had a very nice couple of days last week to break out of the descending wedge. It has rejected off of the 2400 level twice now, but I see no change in news or market conditions that would affect it dramatically in the next 24 hours (though, you know, famous last words...) Gold loves to eat liquidity and then bounce. Currently there are large orders sitting...

SkyIsCalling Updated 

GC has been consolidating for days. I have a long bias per my previous idea . Until that changes, I will continue to play the range with a long bias. Therefore, taking a long at 2330 with a stop below the recent lows (2327.4) at 2327.0. If we go below that I'll consider looking for a short down to a retest near 2300.

SkyIsCalling Updated 

After today's big rip to the upside, I am planning to play a continuation to the upside on Wednesday, July 3. I've marked the areas of high resting liquidity, and I believe the 5543 level is the strongest to hold. I could also see a higher pivot, around 5550, but I'm playing it safer with the holiday coming up.

SkyIsCalling

ES had a strong rejection from all-time highs on Friday's session. Given that reaction, I think we need to find a value area low before reaching for new highs again. There is large resting liquidity in the 5543-5545 area. My hypothesis is that we'll touch the low 5540's before heading back down in Monday's session. Setting a sell limit order at 5540 with a...

SkyIsCalling

GC has been finding strong support around the 2300 mark for months. My hypothesis is that the most recent touch at 2310 last week will be the last test of that level for a while before we test new highs again. There are large lots of resting liquidity between the current value of 2335 and 2330, so I'm going long at 2332 with a 3 point stop loss at 2329. I think...

SkyIsCalling Updated 

GC bulls seem to be getting continuously beaten down with weakening strength. I'm generally still looking for shorts. I see over 100 contracts sitting on the offer around 2335. I think we'll either hit resistance and/or absorption around that level before rotating back down. Entering just below that level in case it can't be breached with a stop a few points...

SkyIsCalling Updated 

GC is in a converging triangle here and I think after the large selloff from Friday has more room to the downside before finding a bottom. There is a lot of resting liquidity at 2349 plus the psychological level of 2350. I am thinking that GC rallies up to this area before being shorted back down again and finding a new bottom. Stop loss at 2353 and take profit...

SkyIsCalling Updated 

With the selloff at the beginning of trading Sunday night June 23rd, ES is at risk of the "three bar reversal". I think ES will need some work to find a bottom before pushing higher. There is a large block of resting liquidity after the selloff between 5532-5536. I am playing an Absorption Reversal after that liquidity is grabbed back to the downside. Stop loss...

SkyIsCalling Updated 

Oil has had a large run-up of $10 over the last two and a half weeks. I believe Friday's selloff was mostly due to exhaustion and the start of consolidation after this large rally. Given the continued geopolitical risks. I expect oil to re-test the $80 level before increasing back to the upside. There is large resting liquidity around the $80 - $80.30 levels, so...

SkyIsCalling Updated 

Long term I'm still not totally sold on GameStop's fundamentals. However, this is looking very oversold on news that it's smartphone sales/replacements did not do nearly as well as they though. Other news was fairly positive, however. If this stock approaches $16 I would expect substantial support, and should that happen, MACD lines should confirm a bullish trend.

SkyIsCalling Updated 

Watching for continued GERN breakout here. Weekly chart looks good with converging MACD lines. Looks to have bounced off a support level around $1.80. Will watch for trend confirmation at $2.10 with a stop loss of $2.00 and price target of $2.80. Daily chart:

SkyIsCalling

CCJ turning around. Strong weekly bullish convergences. Going to go with a tight trade. Stop Limit of $10 with price target of $11 and stop loss of $9.70. Daily chart:

SkyIsCalling

Weekly MACD shows bullish convergence. Daily shows beginning of reversal. Support around the $25 mark with resistance near $29. Stop Limit at $25.75 to confirm trend with a price target of $28 and stop loss of $25.25.

SkyIsCalling

Strong bullish weekly MACD convergences with recent breakout last week. Daily chart confirms start of a trend. Going long ta $11.35 with a tight stop of $10.90 and target of $14. Reward/Risk ration of 6.05 Daily chart:

SkyIsCalling

Weekly MACD chart shows strong bullish convergences. Daily chart mimics the trend, plus a positive earnings surprise last week. Will go long at $2.10 with a $3 price target and $1.80 stop loss. Reward/Risk ratio of 3.