maccabean

maccabean

CCI - Drifting from overbought back into the channel indicating reduced upward momentum. MACD - Look at the MACD crossover from relatively high level. A very powerful signal on a daily chart. DeMarker - Moving from overbought falling firmly into the channel. RSI - Bearish divergence. Linear Regression - Bouncing off the top of the channel. Also powerful...

maccabean

I think there is further room to go down, though if we see the coming week ends positive gains, we will take a position to buy with a $20 target profit. If you are interested for the Alpha Generator to buy crude oil on your behalf and manage those positions, please feel free to message me josh@thealphagenerator.com. We estimate a profit of 75% to 100% within 1 year.

maccabean

Remember the Swiss National bank is committed to defending the currency at 1.20 with "determination". It may possible they are actively intervening at this point. 1.20 is the floor so buying now offer a great risk/reward opportunity. Unlikely to come again for a while. On the technical side, each lower platau of the 20 day MA is met with a higher and price...

maccabean

This would signal that we have reached the bottom in my mind. A rejection from that resistance line in the last day tells us that this is the market hurdle.

maccabean

If it falls below the 50 day moving average and the upward trend line, I think this is a great opportunity. If China annouces stimulus, even more so.

maccabean

It would appear that this is the second time pair is bouncing up from below 1.76 which is now determined to be very strong support. As with the last price action it then moved up above 1.8. Looking at the MACD, we can see that there is consolidation and a cross over about to occur. I think within the next candle we should know if this is a buy opportunity....

maccabean

We are now in unfamiliar territory. The MACD technical indicator Moving averages has crossed over above 120 points 22 times since 2003. Of those, 22 times, 19 of them led to at least a mild pullback within a month. 3 times it moved sideways or down where no money could have been made at all within one month. The MACD has crossed over 200 points 6 times...

maccabean

As the Nasdaq repeatedly hits the upper resistance line, it seems to be squeezed between that resistance and the upward trending support. This support line is critical to US stocks because I believe it is preventing the other indices from falling much further. The price action of other indices looks ripe for a drop of about 4% but this support line seems to be...

maccabean

We're about ready for at least a minor correction from a very unexpected spike up after a pull back in October. Geo political worries will also take its toll on the market. The market is at the top but $74 a barrel of oil tells me that the fundamentals don't support the price.

maccabean

This chart is a little confusing but I'm attempting to show two sets of evidence that build the case for a drop in the ASX200 of 160 points to the support of ~5368 as a minimum movement. The first set of information includes the blue arrows and the black resistance line at 58 points above the zero line on the MACD signal chart and the green text boxes. We can see...

maccabean

I think crude has overshot fair value and is now oversold. It is below the linear regression (ie Trading range) and CCI is creeping upwards. I would make this call with more confidence should the MACD crossover occur with more enthusiasm but I'm getting in before the market does. Of course the moving averages are against us, but if we see Europe start to gain...

maccabean

Here we have almost identical price action, earlier this year and again over the last few weeks. The last action saw a mild pullback of 5%. Could we see this happen again? Notice the Pinching of the bollinger bands at almost exactly the same position of the arc, and the MACD looking very similar too in both periods. The case for a correcting market builds yet again.

maccabean

If you are considering entering a trade that attempts to predict the a top of the current US dollar upward trend, it's important to keep in mind the historical context of its recent strength. The US dollar is still relatively quite low and has a long way to go yet before you may call it expensive. I would advise against betting against the USD until we have a...

maccabean

If there is a sustained drop below the upward trending support line, which could perhaps mean a definite close below it, I think that would be a good sell signal.

maccabean

Consider shorting the Nasdaq100 which is highly represented by technology stocks. Even if you don't believe there is a severe correction around the corner, tech stocks are extremely expensive. A move above the asset bubble trend is telling me there may be a pullback to the middle of the linear regression line - minimum. Consider selling one the price move back...

maccabean

Here is my logic: 1. Fundamentals don't support record highs. High stock prices don't represent real economic activity. Unemployment. situation still not pre-crises levels yet prices are way above that. 2. Oil showing lack of demand. 3. US dollar becoming more expensive. End of low exchange rate. 4. China weakening as well as imports. 5. End of easy money and fed...

maccabean

Just a feelin' Place a stop loss at about 2020. The risk/reward ratio is very attractive.

maccabean

CCI shows overbought plus moving average is falling. Recently I posted that AUD will fall based on other technical indicators below 0.92, any advance above that is a selling opportunity. It's hard to image the RBA allowing the currency to rise too much considering the resources sector is on it's way down. That's one of the main reasons for the elevated AUDUSD...