


We are also very late in the US Dollar Intermediate cycle. The price tagged the bottom of the range. We might break marginally below the August low but the rally can start any day now. Maximum 2-3 days we have in this decline. Important news next week: Draghi talks on Monday , NFP on Friday. Who knows which will trigger the dollar rally? Draghi wants to weaken...
Oil is doing exactly what I was waiting for. It's crawling day after day with green candles. I want to prepare you that most probably on Monday we will have a testback to the 10 EMA on the daily chart. So we will have a red candle. I know that we would like to see as price just running to moon. But that's not going to happen. We need the support of the 10 EMA to...
I don't know who is buying - probably dumb money - I know who is selling: Big banks, funds - smartmoney... The buyers are the short traders who are getting caught by margin calls and those bulls who exited this trade earlier and now thinks that price is not going to stop and they are jumping on board. No professional trader is buying at this level. Trees are...
25% decline from the "we are here" top to the 200 EMA. This is not shopping time.
This is the panic what we see now. Short covering and late bulls' panic to get on board before price is skyrocket to the moon. This will be the top of gold in this intermediate cycle.
Today I was watching the oil chart whole day and I noticed an important thing. The 1st daily cycle lasted for 36 candlesticks. So I think we are going to print 3 daily cycles in this first stage of the bull market before we get a big correction. I think we are going to print this daily cycle high around the 15th of May. The daily cycle top should be between the...
It is still "sleeping" while the others are running. Last time - a month ago - it made 100% in one day. I think it's a decent chance to run to 1.60 tomorrow. There is no guarantee but the risk is low...
I think the stock markets are ready for a new rate hike we are near to all time highs. If they don't hike today Yellen will hit a hawkish tone sending the EurUsd and Gold to south.
Higher high.... Finally we have the breakout of the bull flag. Guys I hope you start to believe me that I know what I'm doing. I've seen and lived through the same thing in 2009 when oil came out of the beartrapped double bottom after the bear market. The difference that I was on the wrong side at that time. I've learnt the lesson very well : Do NOT short the oil...
Biotech is getting more and more bullish from day to day. Even the S&P was falling on Friday , LABU closed on the daily maximum with a nice volume. Rsi is not overbought. MACD couldn't cross down. I think next week a higher high is coming. I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price during the rally...
It seems to me the pullback is done in CLF also today. I think oil is before an epic run in the next 2-3 weeks and CLF is ready to print its next rally. So those who couldn't enter 3 weeks ago it's a great possibilty to enter or add to the position. We might break below the 20 EMA tomorrow so maybe not late to enter tomorrow.. Volume is perfect for the...
Seems to be today pullback is done in VALE. I think oil is before an epic run in the next 2-3 weeks and VALE is ready to print its next run. So those who couldn't enter 3 weeks ago it's a great possibilty to enter or add to the position. I post it before market close so it's possible to enter... Volume is perfect for the pullback, we are ready to run again...
Finally it seems that the bear flag is breaking down in gold's hourly chart. MACD crossed over. The 1210 Zone will be tested again probably.
I will post a few interesting energy stocks which I'm trading. These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks. If oil is making higher high - I think it will make - then these stocks can also skyrocket.
I will post a few interesting energy stocks which I'm trading. These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks. If oil is making higher high - I think it will make - then these stocks can also skyrocket.
This chart is not so nice as the GBPJPY breakout beacuse of the false breakout in January. But maybe this is the reason why it can be a big runner : a lot will not believe this breakout. I'm waiting for the testback of the wedge first then a break above the 50 EMA. And later we will be attacking the 100 EMA...
We are printing a bull flag again. I'M waiting for a breakout to 45$-46$ soon. I see again people here at tradingview that shorting oil. Guys we are in a new bull market ! You cannot short this market in this year. You might be lucky and pick some money from the bull but most of the cases you will lose. At least you who are reading me please don't short it. Now...
With last Thursday's breakout the late bulls had been fed by a lot of gold contracts. Someone must bite the bullet and these are now the late bulls who were buying the breakout... I haven' posted the COT numbers for a long time now... The Commitment of Traders report (COT) is published at the close of every Friday's trade and it always shows the Tuesday COT...