HS on spx500 everything else is falling apart. USDJPY, oil, triple C bonds, Biotech. Time to abandon ship or buy the dip around 1970.
I'm sure this isn't a valid chart but it shows us that a lot of the strength in the last week has actually been from the dollar weakening vs other currencies.
The correlation between Spx500 and oil has been going on for months. Historically it shouldn't be this correlated. I have been watching to see any changed to this correlation, I figure it will come at a price extreme for one of the two. Today we saw a lot of volatility which can mean a change in attitude. I noticed in the last bit of the day and into after...
Same old story will the fed high rate or not? Here we go, I believe the fed will hike rates next week. However I believe it will be a one and wait and this will be taken very positively for the market. This one and done idea is more important than the hike hike it self. Watch old Janet talk about it here below: money.cnn.com If the fed hikes i believe we are in...
This looks to familiar not to bring up. The main difference I see is that the retrecements down after the initial drop are larger in 2011 than 2015 (double). However same thing going into the end of the year. Just here for everyone to see.
I know oil looks very bearish but I think the market has much more downside potential. Also I have experience working in the oil business and it's much more emotional than you think. When they see oil below 40 they are gonna get scared and react.
WPT is a pipeline company which has been hit by oil prices. However these companies aren't directly affected as they are like middle men just taking some off the top. Going forward there will be big demand to move oil/gas as it is all in storage across the country right now. Company has low Debt, good cash flow, good ROC, ROE and most of all is supporting a...
Retest of Break below 2.25ish. Then short. Warm winter is supposed to happen this year. High inventories. Possible Rising of USD Production will not slow much as companies have debt obligations to make. My main concern is that natural gas traded historically between $1-$5 so based on that range buying at two sounds like a pretty good option even before you take...
Entering earnings season, we have seen a continued slow down in China and a bit in the USA along with no extra QE from Japan. We still have downward gaps to fill on the latest run up along with a head and shoulders building, in 2011 there was also a head and shoulders pattern built like this, after the big drop. I'm looking for new lows under 180. I am getting...
AAPL and the SPY are always very highly correlated and AAPL has high institutional holdings which tends to make it a leader of the SPY. Around the beginning of August there was a divergence in AAPL vs SPY and this led to the SPY following it downward.I think we are experiencing this again. The trade would be long SPY short AAPL in a relationship to make your...
Crude is at the top end of the channel with a negative inventories report. Looking for 44, 42, 40 I will cover at any resistance at these levels. Using $DWTI stop loss at 106.48 Caution of fed meeting tomorrow but no reason not to enter.
As a small time trader I have no problems with liquidity, so I've been thinking why not take advantage of that and that is this idea. This is my thoughts the morning of Aug 27,2015 So oil companies are down we know that but last night we had a big up move in oil and that would cause short covering today. As of the close last night I had no positions to benefit...
This chart is related to my post on SPX 500. I believe this should rise for reasons listed before and along with - there is a gap above that needs to be filled. - indecision candle on double bottom I am long at 7.25 on July 13. I had originally had my order for 6.95 but I got worried I wouldn't get filled and I now realise that was not very smart of me so...
Looking to take advantage of possible down turn, to buy TVIX Reason / concerns - China has been having issues and I believe them to get better but in the 2 month term having a larger down move again. - Greece is showing more and more positive news but should cause huge rally as it's contribution to the global picture really isn't that large. - rising short...
Looking to make an earnings play on GPRO. I see two main options - Lately GPRO has been getting a lot of support and may be creating a bottom therefore if this earnings goes well there should be a large amount of upside. - If GPRO misses earnings it will drop significantly but buying two or three days after earnings would be a very similar situation to FEYE as it...
I am wanting to take advantage of the price of oil. So i am looked for companies who have the least of amount of hedging, therefore they will move the most because it directly affects them the most. PWT and oil have both created a bit of a double bottom. I became long on April 3rd at 2.19 after the news from Iran talks. It has crossed the mid term downward trend...
I believe shorting AC to be a play on many macro ideas. Overall the market looks to be heading lower bringing everything down. AC just had a crashed plane in eastern Canada which is being investigated. Oil may be bottomed may be not but if it does go up that will have a negative effect on AC. There is a cutting of excess spending in Canada from a personal to...