Short - on three drive completionWatching - This is a follow up to the weekly bullish three drive trade i shared which has now pretty much completed on target, which gives us a good chance of a short at this level please see linked chart for analysis. My overall stance remains bullish but we could see some profit taking around here and get that gap closed up at least.
Portfolio
OPHT - Strong buy on intriguing newsI recommend to buy a dip or breakup here. I like OPHT for its wild swings on news some might see this as risk but staying in the loop should see us fine and its shares are up considerably on its latest update being that it is set to report registration-ready late-stage trial results for its vision-restoring drug Fovista, which coupled with other drugs already on the market would make a great improvement and it appears that the outcome of those trials will be very good.
I wont go in to great detail as with any investment i recommend to do your own research and analysis before taking any trade but i will update with trial results and fda approvals .
Also to note many analysts are expecting prices to soar back into $90+ region.
Good luck.
long - cala on breakout I have mentioned my interest in biotech my main focus will be on the midcap section with possible buyouts in 2017 with trumps victory. I'm not going to go into details as i believe it is more worth researching to focus on the right areas of biotech. But there are some interesting small caps too, Cala looks poised here and i am looking to long if we can break the $3.60 area
EURUSDmacro money margin market models momentum net offer ofset open order options paid pair patient pips portfolio profit pullback put quoStill waitingte rally range rate realmoney retail risk sector sell settlement short slippage spot stoploss swap swiss takeprofit technical trade trading trader traderslife trend unemployment value volatility wedge work
BTCUSD: Update #2As Tim West showed in a recent publication, a 9 month downtrend expired recently, giving way to the possibility of seeing price rally back to the mode in a 9 month period or sooner.
This is a lower probability target but it's in the background. What made me interested in going back to BTC was to see that the daily chart is showing bullish signals, while the weekly is about to confirm an uptrend to the 265-270 mark, IF and when price hits 246.54 during this week.
If that were to happen, there's a possibility that the monthly chart gives us a bullish signal. This is highly speculative, but entirely within the realm of probability. So, my suggested course of action is:
If you hold Bitcoin, don't sell unless we traverse the 231-227 barrier!
If you are in cash you can buy BTC now and risk it falling to 227. The potential upside is ridiculous compared to the risk.
If you are invested in an altcoin, you might consider buying back some BTC to benefit from this rally. (My reccomendation for altcoins in general is to treat them as stocks vs the general market, and keep a fixed % portfolio allocation vs Bitcoin and cash).
I'll update the chart once we get the monthly signal indicating further upside. For now, we have the background downtrend expiration and the daily and potential weekly uptrends in place, which is enough for me to take this trade.
As a sidenote, I was providing live updates for my FX trades at zulutrade.com, I now work with collective2.com. You can find the details in my profile page. The interface is excellent and the autotrading seems to be the best in the biz.
If you decide to risk some of your cash in Forex, but not willing to spend time on managing it, be sure to hit me up. I'd appreciate your support.
Good luck!
Ivan.
Stable Alpha Generating Portfolio Yielding 4%If you want protection from a market correction, but want to still generate some profits without going short, or long consider a balanced portfolio of two slightly negatively correlated but stable ETFs. PBP writes call options and collects premiums to the tune of 4%. MNM holds municiopal bonds which yield about 3.7%. When one goes up the other comes down and so in combination the portfolio is true market neutral with very little volitility.
Historically a 12% variation can be seen, with a few sudden drops and a recovery that takes about a year or so. I recomment stop lossing MLN in case the Fed action does something crazy with this ETF.
Norway index OBX IS GOING TO RUSH DOWNHello Traders as someone can know i am from Norway and sometimes i am not only looking at Forex but some trades wich i can add to my personal portfolio. Norway index is not in good shape at this time. What i think about it you can read up on chart. Have a nice trading ;)
SPY limit expousure and react quickly #SALT #TepperFrom SALT Conference in Las Vegas on Wednesday evening.
Tepper has one of the best long-term performance track records in the hedge fund world.
"I think we're OK. But, listen, there's times to make money and there's times not to lose money. This is probably you're supposed to think about preserving some of your money...I think you can still be long, but I think you're supposed to have some cash now."
"It's funny people think we're always bullish."
"I am nervous. I think it's nervous time."
He said the market is probably OK. "But it's getting dangerous."
"I'm not saying go short. Just don't go too friggin long."
Read more: www.businessinsider.com