GOOG: AlphaBet AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on SandP too, next chart
There's resistance at 1064-5 in very near term - may get a last
chance to buy from lower as it hits this level very soon now. Look to buy the dip.
Upside about 118 points, downside 20 from here.
ONE
Bitcoin: BTCUSD One Chart of most excellent parabola in historyBITCOIN:BTCUSD One Chart of the Parabolic Baby
At the moment it's found support just above the supports shown on left hand
chart and trying to fly higher - it needs to take out 7500 now to stay positive...
if we see it falter and fail just above or just below 7500 then we have the first
sign that a turn might be approaching fast...next sign would be a breaking below
7061 and a fall below the rising support line shown on left hand chart. Only at
that point will the near term picture start to turn negative for Bitcoin.
It should then fall back to the old highs around 6165 - to the rising support
line shown on right hand chart at around this level - that would be the perfect
entry point for those wishing to ride this tiger...time will tell.
Crude Oil Brent: UKOIL Looking to close out on test of 63.80UKOIL: Crude Oil Brent Update
In the last comment stops were raised to just under 60 as we continue to run this long-pull swing trade to its conclusion,
which may happen on Tuesday coming. The low yesterday was 60.01, so it came within 6 pips of stopping out before rallying once
more. A damn close run thing, as Wellington said of the battle of Waterloo.
Still looking to close out on the fourth strike of the upper parallel that's controlling this entire up-wave, around 63-80 to
64.20 range, if struck. If not will probably close out just before the Opec meeting on Tuesday coming.
Long-time readers may remember we ran with the last Spring rally earlier this year right up to the morning of the Opec
meeting on 24th May, selling right off the highs at 54 and then buying back at 44 and then again at 46 for the current rally.
Selling on the news, well just before it, may well prove to be right thing to do again. Ideally, Brent will hit the upper
parallel around 64 and that will be time to exit with 1800 pips of profit (with 30 pips of original risk) on a 4 month trade.
(Try making those profits on Nasdaq, cowboy) Otherwise will likely sell before Opec (on Monday night).
Of all the 100,000's of financial instruments out there from Bitcoin and other less reliable fiat currencies through to bonds
and stocks no instrument trends like Big Oil. Nothing is so wave-like, trend-like, or, usually, so helpful to traders.
If anyone knows a better complex to trade than Big Oil, from a technical perspective, please message.
The stop has to stay under 60 for now.
MULESOFT Inc: MULE: All systems goMulesoft - this looks like an IPO that might be worth following: downside about 10%, upside incalculable. But use a stop just under 23.5 to safeguard yourself from a Snap dilemma at any point in future...a long-term investment is often a short-term investment gone-wrong, no?
UKOIL:Brent Crude Long set up from lower down at 51.09 if struckUKOIL Brent Spot: Like WTI it will hopefully get sold sold off on open in Far East about 10pm Eastern US time - if it does it should present a good buying opportunity at 51.09 for rally to 52.53, then 53.50 - worth setting a buy order up and seeing if it gets struck - and if it doesn't do the ideal and rallies from here and not lower down, it's still worth following on a move through 50.95 for rest of rally as above
Low price stock candidate - Chosen by our whole brain processOn a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is a growth industry (semiconductors), it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive.
News:
us.rd.yahoo.com
The bollinger bands have narrowed and beginning to widen.
On a weekly: It is above the cloud.
These type of ideas are mentioned in our book Pennies to Thousands, a whole brain process of picking stocks with left brain indicators and right brain intuition. This book can be picked up for the same cost as a commission on a stock and can be purchased on Amazon or other bookstores. You can also watch our Youtube videos which have different videos on right and left brain activities to choose stock candidates. SUBSCRIBE TO OUR CHANNEL: Pennies to Thousands.