USDJPY Short Setup off RetraceUJ seems to be rebounding from the top of bearish channel.
SL set at resistence above 109.8
first TP set at cross of centre line
Rebound
$DASH - make or break$DASH on the daily chart is making a nice set-up for the possible rebound from the current lows:
- the price reached the edge of the bullish Ichimoku cloud (Lead 2);
- Lagging Span (aka Chikou) hits the Base Line (aka Kijun-sen)
They could provide the support for the price & thus a little rally for us :) hopefully
Let's keep an eye and watch for the entry signal on the shorter time frame charts
Support setup-AUDUSDPrice hitted daily support level. We can expect some rebound in this pair till bearish hourly trend. Then, if price breaks it, we can project it till 61,8 of fibonacci retracement.
Has the Dow Recovered?To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.
Possible euro reboundEuro is testing levels, which in the past have concentrated amounts. The volume is not very large, and that is alarming. You can consider buying, but with a small stop loss
Long Options VRX Strrike at $15 I am buying a basic price action trade to cover the move from 15 to 17.60 i give it 2 and a half weeks .. so exp. week 1 feb17
SJCX found the bottomIt seems that Storjcoin X finally found the market bottom as prices rebounded from the last support frontier - Lead 2 ( Senkou span B , red border line of the Kumo cloud) and Lagging span ( Chikou , green line) failed to break the price line.
Time to check daily graphs to seek for the proper entry point :-)
BTCUSD - still room for hope?Ichimoku Lagging Span (Chikou, green line) fell on the price and trying to pierce the Conversion Line (Tenkan Sen, blue line).
At the same time, the price itself is hitting the Lead 1 (Senkou Span A, the green border of the Kumo Cloud).
There is a possibility (more a hope :) that BTCUSDT could find some support at these levels and make a rebound.
Divergence MACD- OILWe have clear divergence at MACD. In addition RSI is overselled. Good price to search a rebound to moving average.
Intrarebound- USDCADTesting some new straregies in little frames. Searching a rebound on that pair till resistance level.
Clear support-EURCHFPrice has stopped bearish movement in a clear support level. Looking for a rebound till resistance level.Then, we would have a possible double-bottom figure.
Has this endless downtrend found its bottom?SIMPLE REBOUND STORY?
Inexpensive stock (P/BV=0.75) bullish consensus (BUY) and 25% target upside.
Has found a gently up-sloping channel since Feb 2016.
Currently trading at the bottom of channel.
Shows technical signs of turnaround.
Has rebounded less than the market.
Seems to have found a floor at $28.
PLAIN VANILLA LONG STRATEGY
Buy at the market.
Target $34.50/share.
Stop-loss $28.00/share.
Reward/Risk = 2x
CREDIT OPTIONS STRATEGY
Buy Dec 16 2016 $31 call = $0.55/share
Sell Dec 16 2016 $27 put = $0.60/share
Credit = $0.05/share
Worst-case: Go long at the low of the up-channel and 8% above the 52w low
(indicative prices, ref. last close)
Take advantage of volatility spike: Sell puts.FUNDAMENTALLY COMPELLING
BUY rated by the consensus
+47% average target upside
Morningstar rating * * * *
TECHNICALLY: COULD BE REBOUNDING SOON?
GG is down 35% since the intermediate top above $20 reached in early July
This is 2.5X more than the consolidation in Gold (-13.74% since July)
Such negative performance has brought a spike in volatility
The stock has also just completed a perfect rounding top
It has also been forming a consolidation base at 12.65
Too early to buy outright, as the direction in Gold needs confirmation
However...
...OPTIONS STRATEGY TO TAKE ADVANTAGE OF VOLATILITY: SELL (SHORT-DATED) OTM PUTS
FOR AGGRESSIVE TRADERS
Sell 16Dec16 $13 put at $0.32/share (indicative) for a yield of 2.38% (54.32% annualized)
FOR MORE RISK AVERSE INVESTORS
Sell 21Apr17 $12 put at $0.79/share (indicative) for a yield of 5.88% (15.11% annualized)
Investment Managers Should Catch Up.Blackstone Group is back towards the bottom of the gentle up-channel started in 2009 (see weekly chart below).
Rebounded off a double-bottom on the daily chart in good volume, but not as much as the rest of the financials.
Similar story to another, smaller asset manager highlighted recently (please check LM idea).
1. Buy here with target 28.50 and stop 23.50 for a RR of 1.83x
2. Buy here with target 32.00 and stop 22.30 for a RR of 2.28x
3. Buy Jan 16'17 28.00 call at 0.32 and sell same maturity 23.00 put at 0.45
A lot of bad news in the price: Get exposed.This thread takes over from the previous one: "Oversold: Buy the dip."
BAD NEWS OUT OF THE WAY?
The stock was demolished after disappointing earnings and the drone debacle. This lead many analysts to downgrade it (current consensus rating = HOLD) with an estimated average target price at the current money. There currently seems to be a lot of bad news in stock. Short levels have also sky-rocketed recently.
CROOKED H&S OUT OF THE WAY
During this debacle, GPRO completed a somewhat crooked head & shoulders formation and the stock retraced back 55% of the distance from the top of the head to the neckline. It currently looks like it stabilizing in a flat consolidation channel / new trading range.
WHERE TO NOW?
Expecting the stock to take the same time to rebound as it did to complete the H&S - 3 months. Expecting limited downside from here, although more disappointments or a rough market could take it below the historical low, towards the 8.00 level.
THREE TRADING STRATEGIES
1. Outright Long
Buy here and hold for a breakout above 11.35. Stop loss at 9.75, as trading at/below that level would invalidate the rebound.
2. Synthetic long only
Pay $0.43/share for a call option expiring on Jan 20'17 to purchase the shares at $12.
3. Costless options strategy
Buy the Jan 20'17 $12 call at $0.43/share and pair it with same maturity $8 put at the same price. $8/share is a good place to go long if the stock continues to slide because: a) it represents a 90% completion of the H$S formation target, b) it is 7% below the historical low, and c) that level would probably spark take-over discussions to pull the stock back up...
Trade safely.
Playing up-channel reboundThis idea is a follow-on from the previous, pre-earnings options strategy
We assume a long position at $122 (for those who got exercised on the put sale)
This is -3.3% away from the 118 support (channel bottom and MA200) and -1% away from the last close
Play the up-channel rebound with a target at 133.50 (previous high) and a stop loss at 117.00
Oil Long: Finally ExhaustionAs I expected, but wrong in terms of timing, oil is seeing an exhaustion in its downwards movement. Yesterday was the DCL according to Time Cycles . Additionally the Stochastics RSI looks dangerously oversold, which leads me to believe that the reversal to the upside will be very rapid. I expect the first selling zone to be $47-46.40 (blue rectangle). From there we should continue downards, as the long term sentiment for oil is very bearish. The MACD is reversing as well , but I expect it to follow a similar pattern as it did 2015-11-16 to 2016-01-18. Finally very crucial to how rapidly Oil will rebound to the first selling zone is:
Wether Clinton or Trump will be elected. As wikileaks proved, Clinton has good relations with the Saudi, or at least she accepts their money in exchange for favours and thus a Clinton President will help oil rebound.
API and EIA data
NYMEX:CL1! NYMEX:CL2!
EU following months activityUE is acting in cloned channels and now is close to finish the last one near the end of the year and then start an unptrend
Quick Rebound in GER30I can imagine that Dax will bounce back towards 620 or even 575. A range between 620 and 760 is well likely for the coming days. This should only be valid if we do not go straight above 760.
DAX Back At Breakout Level - Worth A LongOur favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to breakout levels. Today's session did exactly that and rebounded right at 10490, the former year highs.
Daily oscillators aren't bottoming yet, and today's candle isn't really as attractive, as I would like to have it, I would risk a long, given the bullish long-term backdrop. Target at 10800 - Stop at 10450.
Best,
