I like to look at currency ETF's to look for any clues into the FX market. I am looking at UUP which is the Bullish USD Index and FXF which is the Swiss Franc Trust. UUP is losing momentum and remains stagnate in bearish territory. FXF is gaining momentum and looks to be gaining momentum upwards with no immediate near term obstacles to push it back. This is...
This stock got upgraded from neutral to buy after strong Q1 results. The buy rating was set with price targets from $22 to $32. The stock surged and is currently sitting at $29.75. I see this stock as way overbought and ready for a quick price correction. I am not sure of a target, but I plan on easing out of the stock if it starts consolidating after a strong...
Who knows where this stick might go, but I think it has a bright future! The stock surged when the quarter earnings were better than expected, and the revamp of the companies financial strategy is what turned the companies previous bleak outlook around. I see this stock rising to 21.17 very soon. www.marketwatch.com
I expect NAV to make a quick push to 31.24 as that is the next near term major resistance. This level might push it back into a consolidation between 31.24 and 27.58. If however 31.24 is breached with momentum, then the next likely target I will be eyeing is 32.74.
If this pending order short trade is triggered at 11658.50, I am very sure the next target will be at 11026. The loss in momentum is visible, one more bearish move below the current candle, and the bearish momentum will be very very strong.
XAUUSD is gaining bearish momentum on the bottom range channel that has contained price since for a month. Once the price breaks again, I see XAUUSD moving down to my target of 1157 which is a 22 point drop. The stop loss is an emergency stop loss. I do not place them to keep a 2:1 ratio of wins to losses or a set distance away. I always place my stop losses...
I see BTCUSD breaking the current channel before it does. The potential to break the channel is much higher than it is to stay stagnate. This is what I see from the price action. Once the pair breaks the channel it will make a big break to the upside to $294.89. This is the last level which drove price down. A double top will be the next decision maker for BTCUSD.
AAPL about to break an important resistance price. If it breaks, then the upside is a $30 rise in price within the ext few months.
USOIL is at a level that if broken it could break down to 52.10 Pending order set at 55.70
Possible medium term short - AUDUSD Pending trade setup.