LSE:COFF WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield. WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on...
We give our comments on a short term chart on the SPY and what level needs to hold and what happens if it doesn't hold.
We wrote an article on our website and posted here on TradingView that the VXX looked ready for a big move to the upside. The VXX has hit the price target we suggested at $22. A more detailed analysis of this trade is on our website titled "Trading ETFs While Volatility Explodes Higher".
The rise of populism is not necessarily something investors will relish politically, but it nevertheless brings opportunities for the adventurous. By and large, populist leaders the world over like to spend more government money and they’re especially keen to spend taxpayers’ money on defence and state security. Like it or loathe it, it’s a trend clearly visible...
the Euro Rate Continuation Swing High from Support Level at 1.0880 - the Rate may contain an additional 160 pip higher - Before Price will return to the 78% bar at 1.0801 at this stage within the trend this is only probable - There are two opinions possible here - Or the Rate may return to further highs - Seen at 1.1547 as the current monthly chart cycle a little...
The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price...
The Financial Select Sector SPDR is trading within t 1D Channel Up (RSI = 64.631, MACD = 0.090, Highs/Lows = 0.4050) and todays pull back is only a technical reaction to the RSI approaching 70.000 on 4H. Both the MA50 and MA200 are supporting which is a very bullish development. Our TP is 29.10. ** If you like our free content follow our profile...
The Real Estate Select Sector SPDR (XLRE) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern...
GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking higher, we have a confirmation for an additional +20% rise, which...
An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50. ** If you like our free content follow our profile...
PSQ is trading inside a 1M (monthly) Channel Down (RSI = 36.191, MACD = -3.690, Highs/Lows = 0.0000) which last December made its Lower High. A Death Cross (MA50 under MA200) formation occurred in March on 1D and after a 27.60 bottom, the price has been rebounding towards the MA200. Last time the same pattern occurred was in 2016. The rebound resulted in testing...
The ProShares Ultra VIX Short-Term Futures ETF is approaching the April bottom and the symmetrical Lower Low on the 1M Falling Wedge. Being oversold (RSI = 6.651, MACD = -1698.076) a strong cyclical rebound is expected on a very structured and recurring candle pattern. We are on a long term buy on UVXY with TP = 75.00. ** If you like our free content follow...
GDX has printed a Death Cross (MA50 crossing below the MA200) on a similar trading pattern as in 2016. The RSI price sequence is also identical, indicating that at least one more bearish sequence is due. With MACD turning at -0.277, it is an optimal opportunity to short. Our TP is 19.00. ** If you like our free content follow our profile...
The iShares MSCI Emerging Markets ETF (EEM) is on bearish 1W price action (RSI = 41.481, Highs/Lows = -1.8644), repeating a pattern last seen in April 2011 - May 2012. During that period the price was rejected at 44.90, crossed below the MA50 and MA200 and found support just over the 0.786 Fibonacci level before recovering 100%. We expect a similar price behavior...
A Golden Cross took place (MA50 crossing over the MA200) on 1D on the XLF. Although this is theoretically a bullish development, its has been bearish on 1D in the last two times that this was spotted. In fact the price lost around -3% from the top candle of the Golden Cross until it touched the MA50 again. This gives us a roughly 1 week window and short...