LBY - MA200 Daily Retest Coming - Risky But Reward HighLibbey, Inc. manufactures and markets glass tableware products. It engages in design and sale of tableware and other products. The company also source glass tableware, ceramic dinnerware, metal flatware, and hollowware and serveware products. Its brands include Libbey, Libbey Signature, Masters Reserve, World Tableware, Syracuse China, Crisa Royal Leerdam and Crisal Glass. The company was founded in 1888 and is headquartered in Toledo, OH.
SHORT INTEREST
2.84M 08/30/19
P/E Current
-7.64
P/E Ratio (with extraordinary items)
-1.07
Average Recommendation: BUY
Average Target Price: 7.00
Markets
RBZ - Bullish Price Action - Needs to Hold Support Reebonz Holding Ltd. engages in the provision of an online marketplace for buying and selling luxury products. It also curates and sells authentic new and pre-owned luxury goods, including handbags, small leather goods and other accessories, shoes, watches, and jewelry from several luxury brands. The company was founded by Kok Eng Lim, Daniel Lim, and Benjamin Han in May 2009 and is headquartered in Singapore.
SHORT INTEREST
520.08K 08/30/19
P/E Current
-0.05
Average Recommendation: BUY
Average Target Price: 11.00
LXRX - Bullish But Risky Move. Pullback ComingLexicon Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of pharmaceutical products for the treatment of human disease. It drug candidates include XERMELO, Sotagliflozin, LX2761, and LX9211. The company was founded by Brian P. Zambrowicz and Arthur T. Sands on July 7, 1995 and is headquartered in The Woodlands, TX.
SHORT INTEREST
7.74M 08/15/19
P/E Current
-1.51
P/E Ratio (with extraordinary items)
-2.05
Average Recommendation: OVERWEIGHT
Average Target Price: 8.00
The Next Recession is probably within 2 years.The “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk.
While not flawless, this indicator gives a good picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets.
All of the last seven recessions were preceded by a risk score of 3 or higher. Six of them were preceded by a risk score of 4 or higher.
Based on the indicator hit rate at successfully flagging recessions over the last 50 years, risk scores have the following approximate probabilities of recession:
- 0-1: Low
- 2: 25% within next 18 months
- 3: 30% within next 12 months
- 4-7: 50% within next 12 months
Note that a score of 3 is not necessarily a cause for panic. After all, there are substantial rewards to be had in the lead up to recessions (averaging 19% following yield curve inversion). For the brave, staying invested until the score jumps to 4+, or until the S&P500 drops below the 200day MA, will likely yield the best returns.
Read more about the metric on Medium here: medium.com
TradingView Indicator here:
Notes on use:
- use MONTHLY time period only (the economic metrics are reported monthly)
- If you want to view the risk Score (1-7) you need to set your chart axis to "Logarithmic"
Enjoy and good luck!
$IXIC $NQ1! $QQQ Nasdaq Challenging Key Monthly ResistanceIn a similar fashion to its $DJI brethren, the $IXIC is trying to break out of its "Channel" formation in an effort to move higher.
Given this move, the $IXIC is trying to make a run for 7,879 - a Key Monthly Resistance Level (Blue) for the index.
One thing to lend support for the $IXIC to move higher, is the fact that its RSI is showing positive divergence with current price action. Nonetheless, for the $IXIC to continue pressing forward, if the RSI can break above its red downward trend line, it would further strengthen the $IXIC upward trend.
If the $IXIC can successfully "Breach and Close" above 7,879, it would be a good sign for the market.
The Stock Market is Stabilizing.The mean time between official (NBER) US recessions over the last 150 years has increasing a lot (see gray lines).
Yet the S&P 500 % drops remain relatively consistent averaging 25%.
The market is considerably stabler than it was a century ago.
More EUR/USD weakness!!The EUR/USD was rejected big, 2 days in a row. Lots of selling pressure. Obviously, this was due to the strong US market on Thursday and Germany getting closer and closer to a recession.
I may look for an entry tomorrow at open, if the 4 hour or 1 hour charts look promising. Or, I might wait to see if the low can be broken, then wait for it to fall to that green demand zone and enter a counter play. We shall see!!
BTCUSD - Key-Levels to watch before break-out! _______________________________________________________________________________________________________________________________________
Hello traders investors and community, today i will have a closer look on Bitcoins price action. We are looking on the 4-hour chart.
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As you can see in my chart, BTCUSD is consolidating in a triangle. The consolidation is holding quite long now, normally after such period a break-out will oc-
cur, either up or down. In this case the bullish break-out scenario is highly possible.
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BTCUSD is trading at around 10600 now after a decent up-move we see a small consolidation. In my chart you can see the support between 9930 - 10100,
this is a very important zone for BTCUSD because we bounced there several times in the last days and weeks. It is also an psychological price level, as full
numbers like 9000, 10000, 11000 and so on form important price levels for support or resistance.
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I am expecting a correction to the range at 9930 - 10100 before an break-out and uphtrust will occur. You can see the upthrust range at 11000 USD, this is
the level very many stop-loss will be hit when triggered and a shift up in price-movement.
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The correction will be a good spot to open a LONG position, i myself just looking for an entry there. The total first target for this trade will be 12500 - 12750
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Hopefully everybody is doing well with his trades! May all luck come to you friends! I appreciate everybody who takes some seconds to support, more insight
will follow! This is only educational information and should not be used to take action in markets.
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Natty Gas Breaking Higher?It appears that Natural Gas is trying to exit a "Channel" formation after its recent sell off.
To add some fuel to the fire, the recent price action has been supported by rising RSI momentum ("Higher Highs and Higher Lows").
If Natural Gas can "Break and Close" above the $2.77-$2.30 level, we could see prices moving higher.
$WTICOUSD $USO - Approaching Key Resistance LevelAfter bouncing off its Weekly Support Level of $52.422, WTICOUSD is making a run for its key resistance level of $57.14 (Red Diagonal Line).
A "Break and a Close" above this level will help to provide confidence for the commodity among global investors. However, WTICOUSD continues to make lower highs within a downward trend.
The next move at this level will be key for determining the next direction for WTICOUSD over the coming sessions.
$DXY $UUP - Movin' on $UUPWith economic uncertainty continuing to grip the financial markets, the US Dollar continues to be in play. As global investors flock to US assets, both stocks and bonds, in search of above average returns and safety, the US Dollar continues to strengthen against its G10 and EM counterparts.
As this trend continues, a key level to watch for the Greenback is its Weekly Resistance Level of $98.19 (Orange). If the US Dollar can breach this level, we expect the Greenback to move higher.
$US10Y $US03MY $SPY $SPX $DIA $QQQ Inversion ContinuesAs investors continue to feel nervous about the health of the global economy, the $US10Y-$US03MY curve continues to invert, with the spread plunging below its Monthly Support Level of -0.457 (blue) to reach -0.502, a level that has not been seen since March 2007.
Investors should continue to remain cautious when it comes to their asset allocation, as dark clouds continue to gather over the global economy and financial markets.
$HSI - Hang Seng Testing Key Support$HSI is approaching our Monthly Support Level (blue) of 25,166.
It has staged steady rallies since, but given the external global macro headwinds, and internal political strife, we see $HSI breaching this support and heading lower.
Watch this space...
$WTICOUSD $USO Oil Approaching Key SupportWTICOUSD continues to be pummeled by global macro headwinds. such as a slowing global economy, decreasing global demand, and the ratcheting up in trade rhetoric between the US and China.
Given this setup, WTICOUSD is trending downward towards its key Weekly Support Level of $52.422. WTICOUSD has seen steady rallies from this point in the past, however, given the current macro headwinds, this time could be different.
Keep an eye on prices around this level. If WTICOUSD breaks its Weekly Support Level $52.422, we could see prices going much lower.
ADABTC ADABTC
if the price opens above the green line of the uptrend channel, the price will probably cross the 200 SMMA this may give us a push to hit the target zone
Tactics Geared Towards Long Bias Hello Traders
Another Tactical Trading Tuesday at your disposal.
Here we can see EU consolidating before the next big push.
Any deviation from my initial projections will result in the trade being cancelled.
Trade safe Trade well.
The world is on the brink of a recession & the US back-pedaledFinancial markets faced a sharp surge in concern. The Fear Index (VIX) soared (+30%). The Argentine Peso lost the same amount of its value yesterday. It is all about the populists in Argentina. Well, it is quite interesting how many times you need to fail again and again to understand one thing - that is a bad idea. Tsipras and Greece again on the brink of default. Chavez and Venezuela. Johnson and the UK leave the EU. Trump and the USA wage war against the whole world.
Government of change in Italy and yellow vests in France, etc. - The list could be made even longer. But there is only one common denominator - the populists and the consequences that the country's economy pays for.
Therefore, the financial markets reaction to the news from Argentina is understandable. We know how this is going to end., preferring to discount in advance.
Not surprisingly, gold prices soared. Despite such a rapid asset value growth, we were waiting for a correction in gold this week, just needed a reason To.
Trump delays China duties. The duties delayed until Dec. 15. This is without a doubt a serious conciliatory step on the part of the United States. So, sales of gold today, in our opinion, are more than appropriate.
Returning to the world economy issue, triggered by a trade war. Singapore's GDP growth for 2019 to come in at 2% to 0.5%. The economy of Singapore, with its specifics, is almost ideally fit to be an early indicator of the world economy state. So the signal we have is alarming. Take for example yesterday’s data from the EU. The ZEW Institute's expectations index in August fell to minus 43.6 points. This is almost two times worse than the July value (minus 20.3) the lowest mark since 2011.
We continue to expect a decline in the dollar value. Logically, dollar devaluation is the only thing that could save the US economy from recessionary processes and keep Trump. So we recommend looking for points to sell the dollar.
First of all, we recommend selling it against the British pound, which yesterday unexpectedly received support from the UK labor market data: employment in June grew by + 115K (expected plus 60 K).
About the macroeconomic data, the block of inflation statistics from the UK will be published today. As well as GDP in the Eurozone.
$SPY - S&P 500 Bull Flag Forming?The S&P 500 was hit hard this week after macro headwinds such as the less than dovish Fed meeting, and more China tariffs, the $SPY has taken a beating over the last few trading days.
However, despite this short-term rough path, it appears that a "Bull Flag" ("Flag") seems to be forming at the moment. If prices can bounce off the bottom of the Flag at $288, move higher, and breach $302,the rally would continue. If it fails to do so, more selling could be right around the corner.
Investors should watch this space.
