bitofamacroman

bitofamacroman

Today the correction from the new highs has reached the lower end of its trading range calculated using price and volatility which is 18650 the upper bound still calculates to new all time highs. The risk reward here is excellent.

bitofamacroman

Nearing support, Aussie market and economic data improving Nearing inflection point and at support level both chart based and macro math based.

bitofamacroman Updated 

No change, deflation and declining commodities coupled with Rate Increases and Hawkish Policy makes for rocky roads ahead. Growth slowing, profits slowing, layoffs ongoing, trend continuing, we are near the higher bound of. daily range based on price and volatility and the chart aligns. Nuff Said.

bitofamacroman Updated 

With divergence and no macro change and dollar at its lower bound euro near upper based price adj for volatility

bitofamacroman

Oil in general not just WTI. Top end of range, dollar v. yen, equities, interest rate, everything at edge (Bullish v Bearish) soft landing ?? Ha, I dont think so. Earnings Goldman -70% not 7 70. ISM, wow. Soft landing, I think not. Regardless, oil bearish

bitofamacroman

Economically, we are in deflation, the fed can raise all they want, we are in a slowing growth and thus profits, and falling commodity prices, used car prices, etc... Eggs will eventually follow as the grains and feed prices decline a bit. Regardless, we are at the top end of a volatility adjusted daily range, and in a now bear crude oil market.

bitofamacroman

Same premise as before only opposite direction. Peak was set a while back, we are looking at deflation, like it or not, as the fed raises rates, HA !

bitofamacroman Updated 

Fundamentals no change, all commodities on the decline, no sign of fed doves anywhere, profit margins and growth slowing and will continue, top end of range calculated with price and volatility in a seeming bear market rally and nearing a point on a chart that would seem ideal to stall a rally.

bitofamacroman Updated 

SL Below the lows. Watch lower time frame, nice LT pattern setup, entry here has a low risk profile with tight SL.

bitofamacroman Updated 

Macro picture has not changed, we are near the upper bound of a range based on price and volatility, we have had a nice little rally right into some old support areas, and watch lower time frame patterns for more confluence. We are initiating a position here. Also, yes, probably add at or near prev highs at 1.0050 if we get there and macro remains unchanged and...

bitofamacroman Updated 

Yes I said long, ha ha. Nothing has changed in macro land, this is just a stab at a turn for a little rally after covering all shorts. SL below the lows.

bitofamacroman Updated 

Short it Yet Again near the calculated upper bound of a range using daily price volume and volatility. It's also making a nice reversal pattern on a lower time frame and nothing has changed on the global macro front, in fact its worsened for Europe.

bitofamacroman

Head and shoulders not withstanding nor the break of the LT trend, this is a nice rally to take a stab at a short in the current commodity deflation we are experiencing. No real wave pattern yet even lower time frames but given the macro and the price, volume, volatility calculated daily range near its top end, that confluence or an emerging pattern is believed...

bitofamacroman Updated 

Gold is at the lower bound of a range calculated with price volume and volatility and its trend remains bullish. Additionally, there appears to be a wave pattern forming.

bitofamacroman Updated 

10 yr off, the economy slowing, real rates will decline, and gold should follow its inverse correlation. At the current levels a nice chart pattern forming, and we are at the lower bound of a daily range calculated with price volume and volatility. Low risk with SL below recent low if you are worried.

bitofamacroman Updated 

Same economic considerations, deflation, dollar up. SL determined by RR after entry, we are giving it room, its not a day trade.

bitofamacroman Updated 

Broadly commodities are backing off their highs, Oil and Grains were the lone hold out's. Corn is near the top of a volatility adjusted daily risk range and a chart pattern is forming. We are taking a stab at it here.

bitofamacroman Updated 

To go along with NAS100 short TSLA pushing top end of a range, taking a shot on the short side here with a SL above 1060.