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PALL

Palladium: Loooks like a good time to rise.Reasons why I think this may well happen: 1. On the daily chart c=.62 x a (a fairly common event) 2. On the 2 hour chart .c=.a (a fairly common event) 3. On the weekly chart price is almost to the midline of the channel 4. On the weekly chart we have a positive reversal on the RSI. 5. On the daily chart we have positive reversal on the RSI followed by a bullish divergence. Does this mean that for sure price will rise? No It means to me that there is a good chance it will. SO it is a good time to follow closely and watch for price action to confirm and also to give you a stop if it it reverses if you go long. As Always: Process your way. PALL is a stock which moves with Paltinum futures. If interested look it up.
NYMEX:PA1!Long
by goodguy
4
Case for a weak US Dollar Four factors that typically influence the dollar’s direction have shifted from bullish to bearish since the onset of the coronavirus crisis: 1) FOMC has shifted to a zero-rate policy • US interest rates (adjusted for inflation) are negative • Growth expectations have slowed while inflation expectations have risen… sending Real Interest Rates down • Fed sharply increased access to U.S. dollars through its swap facilities with other central banks, increasing the supply of dollars in the global economy and enabling greater access to dollars to a wide set of economies at lower cost. 2) US Growth likely will underperform other major economies due to COVID a. The slow U.S. response to the coronavirus crisis has altered expectations about economic growth relative to major country peers. Outbreaks in Europe and China appear to have peaked, while in the U.S. cases are still rising. Consequently, the U.S. economic recovery is likely to take longer, with higher unemployment and weaker consumer spending. b. The European Union’s recovery fund marks a step toward greater mutualization of debt (combination of debt across Europe Union)—a factor that can reduce the perception of risk around the euro currency. c. Recent purchasing managers index (PMI) data suggest that the U.S. economic rebound is leveling off while growth is rising in most other regions. 3) Political uncertainty has risen a. Rising tensions between the U.S. and China b. Upcoming presidential election, make the outlook for the U.S. less certain. With less clarity about the direction of policy or its implications for the economy and regulations, foreign investors may begin to shy away from U.S. investments. c. While the US dollar is still a safe-haven currency in times of global turmoil, in the absence of a crisis, the outlook for other countries looks more predictable. 4) Increasing US budget deficit will need to be financed with foreign capital a. Historically, a rising budget deficit has often been a leading indicator of dollar weakness. b. Because the U.S. is a net debtor nation, a rising budget deficit needs to be financed with foreign investment.
AMEX:UUPShort
by dorfmanmaster
Palladium Ideal Entry (November)Entry plan is based on the palladium head and shoulder pattern . I'm waiting and watching for price action to signal a top near the dashed line (drawn from left shoulder's high). Ideally we get some deceleration with a doji candle followed by a high test candle to form the right shoulder and signal a reversal to the downside. The bull cycle counts are pointing towards Q4 as a ideal time for a high and the monthly counts confirm that with their November target. Ideally I'd be able to hop in around $800-$850 if/when that confirmation comes with my stop above the high we form. The market still has quite a bit of chart to fill over the next 5~ months so things wont become clear until we get closer to that November target. Reward:risk ratio target would be around 10-12:1 for the first entry. I'll publish a more detailed plan as well as my entry if/when that time comes. For more in depth analysis on this trade and others checkout my site, PatsTrades. Link is in my profile status box. Thanks!
NYMEX:PA1!Short
by patrick186