DOW Industrials (DOWI)
Dollar (DXY) is on the verge of a 10%-20% correction imo.It's a strong short for me. With everything thing that's going on with national debt, rate hike and slowing economy I believe we will enter into a recession in 2017. If not good but I think we will. It's good to play safe both sides. Strong short for DXY for now.
Little to no juice left in Dow Jones.I predict that the day Obama leave office is the day Dow Jones will start crashing towards 15,000. This is base on uncertainties surrounding trade issues and we haven't heard any solid plans from Trump on how he is going to offset the tax cuts to the corporations. Many companies are laying of thousands of people including Volkswagon which plans to cut 30,000 jobs in 3 years and HP planing to cut 4,000 employees. There are many other companies that are planning to cut massive jobs. I am short in US stock market.
Dow Jones The Forgotten IdeaI never repost same idea twice but the dowi seems, rather interesting. Probable short as projected ....:) .This is the same outlook as posted 10 days ago
DOWIDow Jones index look like to go down, the trend line broken & back tested today also triangle broken and target show in the chart... good luck $$
We are in a period of remarkable similarity to June 2015The green period sets the tone for the next few periods. A sharp drop characterized by an immediate and sudden bounce higher ending with concave summit.
The red period sets the tone for a small retracement but then another leg up. This period ends with a high degree of consolidation and relative quiet.
The blue period is where we are now and the sequence of events is very similar to June 2015. This period is characterised by further consolidation but with a bearish bias... as we have see so far this month. The MACD also demonstrates the similarity with both periods signalling falling and increasing momentum.
If this pattern continues plays out, there may another small increase in the price however it will be following with a very drastic fall.... possibly even harder than in 2015. By my estimation this playbook will take another month or two to complete.
SPY final exam this coming Friday, and next week will be a crucial moment for SPY
seems like a new direction is about to be seen
So, for this time, I will join the air-force again
VXX ready to head north?In my best possible scenario-- average buy price for smart money +33=35.5 -safe range
-- nearly 15 days consolidation since 9/22, and the chart still on support
seems like this is a story planned ahead of time
midterm exam for SPYSPY, QQQ, IWM had been struggled for a week. Perhaps, its time to take a breath?
based on all thses facts, I am more willing to join the air force. Plus, a huge amount of VXX calls and SPY weekly puts loaded for next week, just something to notice.
Dow Jones - Short Term Scenario (Trading Plan)Here is the scenario I expect for the short term, I will update this idea as I go along in my trade.
Dow Jones 17.6 Week Cycle Low on 10 Jan 2017!Medium 17.6 week cycle shows a low 13/9/16 and 10/1/17. If the orange uptrend gives way then we have targets at 17850 or 17100 (preferred). Long term 17.6 year stock market cycle is looking to turn mega bullish in 2017 until 2035. Worst case is 15200.
QQQ needs a pull backQQQ starts topping here, not a good sign of pushing up. buy some puts this time.
Dow Jones - Long Term Scenario (Trading Plan)Here is the scenario I expect for the long term, I will update this idea as I go along in my trade.
So I'm buying a put option now and another one if it continues to move up, my puts will probably be going for around 80-100 days until expiration.
How far with the stock market drop?As I see it four possible levels with the use of moving averages, trend lines and fib levels.
First level is at ~17900, next level is between 17558 and 17460, next level is at ~16468 and next level is ~15476. It possibly might go lower if September rate hike is announced.
Good luck.
In any case, with the current strong momentum after a coiling of the price, I see room for most likely case of the second nearest level and strong 200 day MA.
Break down expectedCall the mechanic cos break down is coming around the corner.
The price is clearly rolling over. Bollinger band width is tight and MACD also starting to lost momentum.
Sell.
Possible H&S on US indices compositePotential H&S; Breaking of the green trendline indicates the pattern wont form; Breaking of the red one would be entry for the set up indicated on chart (short position). Atention to the simetry between the next major support and the percentage from the head to neck line of H&S.
