Trading-Capital

Trading-Capital Updated 

Gold could be signaling a hawkish Fed next week. If Gold puts in a weekly reversal, it could mean a bullish week for the DXY next week. Bearish on equities if this happens.

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AXP short trade...we will start accumulating at the Trendline.

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Resistance was just tagged today on the nasdaq,QQQ, NDX. Markets are at an inflection point and likely continue the major trend lower. Tech is heavily weighted in all indexes so this could be make or break for the market.

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Major resistance in another China ETF....Tagging Multi year Pivots going all the way back to 2011.

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China stocks have outperformed over the last few months. A major ETF is running into resistance which likely means we could see money rotate out of China. Profit taking is likely especially if the DXY catches a technical bounce.

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CVS has been incredibly week and leading the decline in healthcare. Often leading stocks will find a near term bottom before the health care sector does. CVS is one of our potential long plays as we approach the next 1-2weeks. Sing up for our Trading Capital alerts to know when we buy.

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Into massive resistance. Likely see a 6-10% pullback in the near term

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TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above. TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already? Based on the volume trends it looks like there is...

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MSFT is trading under key resistance as seen by the white trendline. The price action and trend still favors downside bias however there is a key gap fill around $257 that would be a perfect short level if it popped off of earnings. Based off of the rally in the indexes, MSFT has been a lagger in tech which could be displaying relative weakness.

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Coinbase is triggering a head & shoulder intra day. It has not confirmed but on the verge. Downside takes you to $51

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Apple filled a major daily gap today and had a significant intra day reversal off that level. Apple being the largest weighted stock we have to always be aware of the technical levels. Hitting major resistance today makes it unlikely we see the markets rally significantly without positive news. Since Apple moves the moves the market, if it cannot get through...

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TSLA showed great strength in todays session, closing + 7.74% Tesla closed above a key resistance trendline for the first time. If it can hold this level and build a base, favor Bullish action in the near term. If it loses this level it likely retests $113.

Trading-Capital Updated 

What will cause EM's to breakout? Last time it was QE. Clear resistance and near term inflection point.

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The Euro has retraced to the breakdown zone and is at resistance on the larger timeframe.

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Coinbase had an epic reversal in todays session: a Bearish Engulfing Daily Reversal to be exact. Just like Bitcoin had a multiday rally Coinbase has had a great multi day rally. Hitting the next support will be telling for Crypto. If we lose key support on Coinbase - Bitcoin Liquidity will likely be strained. Coinbase needs to recapture the red trendline for...

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Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support. A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ. The negative side for TSLA action today was the fact...

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Is the Technical bounce in the Dollar about to occur? The Euro is the most weighted against the DXY so we need to see weakness in the euro in order for the dollar to trend higher.

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JGB's have collapsed from the highs. Falling over 22% tonight. If this weakness in the Japan yield market continues we should see the DXY eat that up. this is a weekly chart of the JP10Y. It demonstrates a multi year trendline of resistance for Japanese debt. This chart data only goes back to 2006 however we still have to respect a major trend until proven...