techpers

techpers

S&P 500 Futures - the unwind from the overbought level and overhead supply at the end of March continues. he index now at it's lowest level since March 2021. My perspective (via the channel and circled area) highlights a potential level of interest.

techpers

Shoprite SHP. In my 21 March research report (23391c) I was looking for a print into the mid-240s followed by a decline. It traded into that level followed by a sell-off into 211 last week Friday. Now close to the prior breakout & consolidation range. Short term trading perspective: the re-sell & re-buy zones I have in mind (provisionally) is on the chart.

techpers

Further Update: Natural Gas Short/Sell - now down 13% in the U.S this evening, in addition to Friday's 8.4% decline bringing the 2-day gain on the idea to 21.4%. A move from above 8.56% to 6.97% this evening. A MASSIVE win for anyone who traded this call! Original idea attached.

techpers

US 10-YEAR BOND YIELD | DAILY CHART | Market participants will see the 3% level as key in the path for the US10Y with the yield now at multi-year highs and, putting a further dent in the high growth area of the market, those stocks trading at elevated valuation levels. Reviewing the daily chart, I note the yield trading at 2.5 to 3x it’s mean as per the 200-day...

techpers

PLATINUM | WEEKLY CHART | Call to fully bank at $1178. Last close = $956. Possible bear flag (negative) technical formation while also testing the lower boundary of the long term channel. You could say it’s a triple bottom however a breach of support may trigger the aforementioned bear flag structure.

techpers

BITCOIN | WEEKLY CHART | The gradual incline support extending back to January 2021 is at risk while 14-week RSI prints 32 (weak but not yet oversold).

techpers

NATURAL GAS ($8.56) - Potential Short/Sell Idea Today it hit a 14-year high of $8.65. I added this as a long idea 13 months ago at $2.66 representing a 225% advance. At the beginning of the year I discussed the large falling wedge (bullish setup) and the consolidation breakout in March. Current View: 1. The price (now $8.56) appears extended with the first...

techpers

USDZAR (R15.76) | Yesterday’s early session comment highlighted the 7-day near-overbought position of the pair. Intraday we saw a print up to R16.14 and an eventual print down to R15.76 which was in line with the rising 8-Day EMA. The 7-day RSI trades at 61(strong) but points lower, reflecting the ultra short term unwind from the aforementioned excessively...

techpers

S&P 500 E-mini Futures - rebounded out of my prior (two) buy zones which was in line with the back-test of the declining trend line. Red Shaded = Most Probable Sell Green Shaded = Most Probable Buy

techpers

S&P 500 Index E-mini Futures (4301) | As highlighted in yesterday’s note, the price was in a weak but near overbought range with the index trading into and re-testing the prior breakout zone (declining trend line). This back-test level held with the daily candle developing a long lower tail with moderate follow-through seen in this morning. Note, the index remains...

techpers

S&P 500 Index E-mini Futures (4239) | | At the end of March I discussed the overhead supply and overbought condition of the index (following the strong move off the mid-march low with a falling wedge structure), with the 7-day RSI then at a reading of above 75. Selling pressure since then end of March has been strong with the index having retraced toward and...

techpers

Semi's Sliding - My Call On 05 Dec 2021. As I asked at the time, is the current cycle nearing it's end. Tweet added as proof/evidence. What glut? :)

techpers

Buy at current levels (C$12.22) or better Stop: C$11.30 Target: C$14.40

techpers

Trade Idea: BUY Transocean (RIG) Levels: Buy at current levels ($4.71) or better Stop: $4.23 Target: $6.22

techpers

BONDS APPROACHING OVERSOLD? | Currently Trading 2.5 to 3x Standard Deviation (200-Period Linear Regression Channel) - Consider the TLT ETF as a ‘rebound buy’. RSI minor negative divergence.

techpers

Buy Idea: Becton Dickinson & Co LONG: $269.90 STOP: $262.40 TARGET: 290.00

techpers

COFFEE FUTURES Double bottom technical formation. Pivot: 227 (must hold) Stop: 217. Target: 246 Short Term.

techpers

Buy Idea: Invesco S&P Emerging Markets Momentum ETF Pivot: $17.16. Stop: $15.88. Target: $20.53. Medium Term Portfolio Idea.