These two are bound at the hip. Look for USDJPY and IWM lower this week. Long TZA this week. Dip may be short lived, see previous valleys RSI and MACD.
IWM forming HS? If yes, it is a very sloppy trend toward the right neckline, if it is that. Could simply be the downtrend channel for the summer.
I am sure by now everyone knows of the EEM breakout above the upper trend line, also noticing higher lows. Why? Could it be that finally the effect of the corporate unfriendly tax climate, and the additional above the line cost of over regulation, the Democrats have created has caused enough corporations to move away into EEM countries, with no intent on re...
USD/JPY has had its run, and its over. FED, BOJ, ECB, etc. "saved us (them) for being too big to fail". The chart says it all. IWM has had some sanity brought to it, SPY loosing momentum, IYT in the clouds and just way overdue, this currency pair is flat lined on the chart, but MACD and RSI are predicting its future, and soon. Note the correlation between now...
Can someone please explain to me why the money flow is so low, but stock price close to upper trend of channel and RSI and MACD also very high? I think DAL and IYT (transports etf) overdue for correction, and since this sector has been best of bread in an otherwise stalled market, I think the smart money has already flowed out and sitting pretty, while those not...
TZA following a clear channel. Whether this ETF represents the general market, or it is a leader, not sure. I know that traders like the 3X funds during consolidation because they represent high risk reward value when most stocks are more or less stalled. Why did it overrun the channel bottom trend? Friday before a extra day off weekend tends to be an up day. ...
Wow, all signs show a stall. Normally I am not one to miss an opportunity to predict a turning point, but... this time is different. It is so unclear which way things are headed, I am just sitting in the bleachers watching, waiting, looking for a sign. My only play today is June puts on the TFM earnings report today, as a stock picker one time event. Best of...
EEM looking better, others looking better, perhaps Dryships will confirm?
Volatility down not making sense. Market stalled. Watching currency wars, and making a point that they are stalling the market, as I watch them try to stimulate economies by devaluing at all costs. This can only drive dollar up by default, since we were first to that game and now out of bullets. Channels to continue up or down until something changes,...
Higher volumes in TZA for past couple of weeks. Possible: big rotation our of wild PE growth small cap into more realistic PE big cap, but maybe after that or at the same time also ETFs like TZA as an alt or temp leading to (or as insurance for) a big correction? This is a clear uptrend channel, where MACD, MFI, and RSI cooperating nicely. With all the head...
Rotation our of high growth wild PE small cap into realistic valued big cap, but maybe also.... ETFs. With all the "head faking" going on in individual stocks, this uptrend clear channel for TZA with MACD and RSI right on the mark, makes me want to trust this more than anything right now. Well defined channel with a rising trend, and better volumes. Could this...
The Fresh Market, Inc. to report earnings on 05/22/2014 after market close. Don't see how it doesn't follow/mimick whole foods big drop after their earnings.
Target reports earnings before the bell Wednesday. Data breach dec 19th, fired ceo, customers lost, effects .70 estimate? Walmart disappoints with their earnings and forward guidance. Have not decided yet what to do, if anything, but if they disappoint, some well placed put options could reward Wednesday, and if the markets slide down this week, which my radar...
Simple... the strength of the Yen versus other currencies, is tracked very closely by the US markets, and markets in general. If the relationship continues, stocks should be down today. Yen up, markets down, and vice versa.
notes on chart and... Bolinger and VIX should be tightening and ready to explode, but the charts and data don't indicate that. "Don't feel, just think, trust the charts". Are catalysts planned or do they just happen, like accidents? Buy it up, and sell it big, changed to buy up positions on growth and sell and rotate. I think when the rotation is complete, the...
see notes on chart