ctpelot

ctpelot Updated 

Elliot Wave 5 Impulse Wave with ABC corrective setup transitioning to a new cycle with 1.6424 target. Entry: 1.11927 Stop: -0.01603 or 1.10324 Target: +0.04461 or 1.16424

ctpelot

$IWM 2 short trades/targets with favorable risk reward

ctpelot Updated 

possible sequence: 261.52 --> 283ish then pullback 261.52 --> retest of 247ish before targeting 283ish 261.52 --> retest of 247ish before targeting 210 area

ctpelot Updated 

$XLU hit its 1.618 extension. I see no reason to be long at this levels. Pullback expected towards the $46-47 area.

ctpelot Updated 

support from 2010 and 2011 in play with several bullish divergences.

ctpelot

Let see how this plays out

ctpelot Updated 

$SPX will correct to pre-recession highs.

ctpelot Updated 

look for 1.618 near-term bounce

ctpelot Updated 

Although there seems to be a Bull Flag forming in the $TNX - I suspect rates will go lower forced but buy-side pressure in the bond market. Lets ignore the Fed's .25% rate hike and focus on making money with supply and demand principles.

ctpelot

Nice little correlation between KRE/VNQ and TNX

ctpelot

Why would investors search for yield in the Utilities market $XLU ? Because, they are not able to find it in the broad market. This chart is very troubling for US Equities.

ctpelot

If this was any chart besides a major US Index there would be no reason to be long.. why should the Q's be different?

ctpelot Updated 

A break above the black channel could spell trouble for equities.

ctpelot Updated 

2.5 R/R 18% Setup shorting 3x Semi-Conductors

ctpelot

$WYNN was absolutely devastated last year. We could see an upside breakout soon.

ctpelot Updated 

$CHK Inverted HnS setup targeting the gap from November with measured move. Take Profit : $5.50 Stop Loss: $3.83

ctpelot

$AMGN is poised to breakout of its ascending triangle

ctpelot

Will monitor breakout to upside