Chart is self explanatory are we about to go Kaboom?
So my analyses here is quite simple. Natural gas isn't going much higher and the reason for it is because the dollar is about to bitch slap it like the whore it knows it is.
XOP suck my butt. I short you. head & shoulders in the rsi. broken trend. Target around 89. LONG DRIP!
From what I see here we have an RSI support lining up almost perfectly with an inverse head and shoulders. If this thing attempts $15 again it will break out. the distance between the bottom of the head and the neckline is $7.21 we add that to the neckline and we get a $22 price target. I am long. but not more than I am willing to risk a loss on.
I have been following many charts and patterns for quite some time. and The set up for an entire market melt down is almost too perfect right now. and I will go through the list of events that have taken place: First lets start with Gold. Gold had rallied on the back of lower yields for the better part of 2 months all to just get shot down during the FOMC...
Transports tend to lead the markets. and this is a very key level. looking on a monthly time frame You can see transports just hit the top of the trendline that dates back to 2009. In the instance every time market either cooled down or sold off fairly sharply. is the parabolic move over? Transports might be the key to tell us it is. I am currently short IYT and...
Now I am no expert but when I saw this on friday I gambled on a few shares. didnt know it would play out like this. this post market action should be enough to crack the RSI resistance. and I think it lifts off from there. I don't advocate buying much of this crazy thing I am not much of a gambler. but this set up was just too nice to pass up. Stop at fridays cost...
JNK/TLT is my favorite indicator I have found. It tells me when to go long and when to short. And right now short RTY is probably the best short of the century. the green line has been an indicator of shorting rty I am going to start to build a position in RWM and will be planning to hold it for a large correction to becoming in RTY.
I have been battling with going long on Kellogs for the whole week. The chart is saying its at the bottom of a 2 year channel. Issue I see right now it this stock is a forgotten cash cow. because its forgotten does that mean in a sell off of the broad market this will break this channel? I don't know. But this channel poses very interesting buying opportunity. I...
I have found that ever time the trend changes or the uptrend line is touched in this chart it generally coincides with a very large vix spike. I have highlighted the trend changes in blue, and the line touches in red. it can be a lagging indicator maybe a day or 2 or maybe even longer. but i have a hunch this is telling me the market is about to turn.
copied to spx from ES with the addition of mulberry st. the purple lines seem to be a channel where inside the vix is tamed. below the vix is a beast but once re-entered is a great short vix position add the vix in and see for yourself