Black Friday saleUp to 70% OFF

LIFE

Possible 50% pullback leading up to the electionElection years in which the outgoing president is finishing up his 2nd term has had a pretty substantial effect in the months leading up to the election. In 1987 the market tanked before Reagan left office in 1988 , 2008 when Bush II was leaving office , and it looks like it can happen again when Obama rides off into the sunset. I believe uncertainty drives the bearish movement .Ultimately the markets all recovered once we knew in which lobbyists will be rewarded..
DJ:DJIShort
by partyjumpman
1
Bitcoin- Rising Wedge & Resistance - Consumer Confidence ReportsThere are several financial reports coming out on 5/31 (Consumer Confidence and spending reports) - Bitcoin has been on quite a tear of late. I have no idea how those reports will effect any of the market much less Bitcoin. As far as technical analysis is concerned a rising wedge has formed and it has traded to resistance, so conventional wisdom says 80% of rising wedges breaks bearish... so I will keep an eye out and see what happens (no trade for me)... Even if Bitcoin doesn't break the wedge there is a chance of retest of the short term resistance broken on Friday! I would love feedback from bitcoin traders!!!
BITSTAMP:BTCUSD
by partyjumpman
AAPL Trading Plan that worked -Trading Plan for next trade AAPL has made a nice move and currently is battling with the 50 and 100- So I exited 1/2 my 7/15/16 Calls with anticipation of either AAPL moving sideways or pulling back. I am not an Elliot Wave expert , but I am using it as a tool to plan the potential pullback. If AAPL follow my plan then great I may enter into more calls with a tight stop. If things change I will move my stop up on my current trade and attempt to break even or squeak out a small profit
NASDAQ:AAPLLong
by partyjumpman
Square looks like its hit the bottom of the box- Buy low sell hiThis is a great buy / low sell high. 5-24 nice new white soldier candle stick (similar to one white soldier) , along with a nice bullish candle and volume. If you aren't in the trade you may have to wait for a little pull back- in order to get a decent R to R(Risk- Reward). I used an aggressive stop 9.21 and entry 10.05. May slow down for a bit at the 20 EMA I'm anticipating SQ trading Target 1- $11.79. 2:1 Risk reward. Sell some shares at 2 to 1 look for pullback and move stop up to at or near break even it to 12.87. A quick Fibb supports a Target 2 12,90 at the .382 - Should I get stopped out another bounce off the support could offer a great opportunity as well!
NYSE:SQLong
by partyjumpman
Natural Gas monthly - Aug 18Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom. Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long. It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause n short with both hands. Make sure a clean break is done though. Stop loss could be around 2.50- I don't suggest stop loss cause everyone has different loss taking capacity but in this case it will be a lost cause to might as well get out.
NYMEX:NG1!Long
by viktor89
2