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Rgmov

Copper/Oil spread: once again getting out of handWe have an interesting spread between copper and oil, with the ratio chart showing signs of outperformance in Copper, relative to Oil today. We might be at a local bottom for this ratio, which paves the way for AUDCAD longs, as well as trading Copper and Oil futures/CFDs as a pair, going long Copper, whilst simultaneously going short Oil. This is a very interesting signal, so keep an eye out for the effects of it. Check related ideas for the previous signal' results. Cheers, Ivan Labrie.
FX:COPPERLong
by IvanLabrie
9
Dollar adjusted Gold: Foreign investors' gold perceptionThis chart shows the price of gold, adjusted by the dollar, which shows us how foreign investors' currencies fare against gold. So far, it's clear we have an uptrend, in the long term, but right now, we could be in the presence of a lengthy sideways consolidation. Most traders expect a massive rally, and a crash in equities. I think none of the two will happen, and we'll see a grindy, sideways price action in the shiny metal. Still, since the dollar is regaining strength, it's likely to see gold and the dollar outperform all other currencies. We can monitor progress of this chart, to have an idea of the extent of gold's strength, and wether we are better off holding either USD or Gold, as a hedge against our local currencies (like in my case, since I live in Argentina, I need to hedge against horrific inflation). The advance here is capped, by the horizontal resistance level at the 129268.30 mark on chart, but there's a new quarterly time at mode signal on chart, which implies a 38.71% rally from current levels by or before Q3 2019. To turn bearish on gold vs foreign currencies, we'd need to see it drop under the blue box on chart, and stall here for one more quarter. Good luck, Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
2
TSLA: Fantastic level for long term acquisitionTSLA is at a great spot to scoop shares for the long term. Factor in the volatility to size the trade. You could spend 2% of your account on it, perhaps a bit more but not more than 5%. For swing trading, your risk is 15 dollars per share here. This level has held almost all declines so far, and price's turning up from here. The massive short interest makes for decent income while you hold positions as well, if your broker pays you part of what it charges to short sellers. Good luck, Ivan Labrie.
NASDAQ:TSLALong
by IvanLabrie
2
USOIL: Daily analysis - Key levels and uptrend 'slope'Traders, we have a bullish setup in oil, as you all know and judging by RgMov, it's unlikely for it to give dips to join the uptrend, or least, not when everyone's begging for one as they unwind shorts in loss. Pay attention to the two red dashed lines on chart. These two are speed lines, and determine the 'slope' one can expect from the uptrend, which if breached, presages a steeper pullback or a sideways correction, causing a slower progress in the trend. Simply put, if price approaches the diagonal line nearby, it has to rebound instantly. If this 'faster' trend holds, we can expect a brutal rally, if not, price will form a consolidation which can take many shapes, either a sideways pattern for a few days, or longer, or a steeper pullback to support. If the correction takes the form of a sideways pattern, we'll go long again on the breakout from the mode, using 'Time at mode'. If we get a pullback, we'll go long when we hit a good support level, or if we get other confirmation signals from our tools. The idea is to be prepared to follow this trend, and trade around the main long term position as much as possible, speculating on shorter term longs when suitable. Good luck, Ivan Labrie.
TVC:USOILLong
by IvanLabrie
17
FB: Potential time at mode uptrend in playFB has traced a 'Time at mode' uptrend signal in the 3-day timeframe, and has also a pending monthly target that needs to be hit during October to validate the long term monthly uptrend momentum here. It's possible we see this target met during earnings, so being long is the natural thing to do here. Fundamental valuation isn't good for FB here, it's expensive, considering earnings yield and free cash flow yield metrics, as well as price to sale ratio to name a few. If you hold shares you can sell them at higher prices soon, perhaps swap them for a company with better growth prospects like the ones I posted recently. Good luck, Ivan Labrie.
NASDAQ:METALong
by IvanLabrie
DX: Dollar index long term uptrend continuesOdds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here. There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take. If price manages to break above 116, it can go considerably higher, but it would take a massive fundamental catalyst to fuel this type of advance. I'm of the idea that we will get an interest rate hike in December, which could possibly manage to push the dollar high enough to trigger this brutal rally my 'divination' here shows. Good luck. Cheers, Ivan Labrie.
DLong
by IvanLabrie
2
GILD: 2nd try at the long side hereGILD looks poised for a rally back to the earnings level above. Valuation is very good here, with 14% earnings yield, among other details of the company's financials. You can go long, the risk is risk a 3.86 per share, but profit can reach 2.61 times the risk, or more if it's the start of a trend reversal in the stock. IBB has flashed a bottom, after a 'Time at mode' decline in the daily chart ran out of time, so I think it's safe to assume that GILD will rally from here onwards. Good luck! Ivan Labrie.
NASDAQ:GILDLong
by IvanLabrie
2
AUDUSD: Huge breakout, similar to copper and iron oreWe have a potential breakout of considerable scale in the Aussie dollar chart. I'd highly reccomend entering longs if not in, you can risk either 3 times the daily ATR for the long term, or use Friday's low as your stop, more aggressively. The target is the 0.8350 handle, to be confirmed after the bi-weekly time at mode signal on chart confirms. For now, it's not yet confirmed, but highly likely, so we can get in early on. I'm adding a shorter term entry here, on a break of Friday's high, with stops under Friday's low, to complement my longer term position in this pair. Check out my copper forecast in the related ideas, as well as the oil an commodity index charts. We're in the brink of a massive move, that if confirmed, can be ridiculously profitable for all of us if it pans out like I expect it to. This also ties nicely with China's inclusion in the SDR basket today, OPEC's deal, fears of Deutsche Bank's failure dissipated, and Australia's fundamentals overall. Cheers, Ivan Labrie.
Long
by IvanLabrie
13
Wheat: We can buy on a breakout of September 22nd's highThis setup should yield a nice up move here, if we see a breakout of this range. We could enter prematurely, risking a drop under today's low, if the day turns up on Monday as well, but that would be riskier, so if you do it, only take a smaller risk position, like 0.25% exposure. Today's action accross the board points to a major turning point in the markets, so don't miss out on opportunities like this. Good luck! Ivan Labrie.
CBOT:ZW1!Long
by IvanLabrie
MCD: Wait for the new key earnings level to shortMCD is in quite bad shape, fundamentally speaking, and it's in a steady weekly downtrend. There's a currently active weekly signal, that aims for 99.10, in the long term, but it's also about to report earnings for Q3, so it'd be better to wait for the new Key Earnings Level to form, to enter the short side. Any rally here is a sell, due to the valuation and technicals in higher timeframes, so keep an eye on it. One thing to keep in mind is that new weekly lows or highs could trigger short term rallies as shorts are squeezed, due to the RgMov readings in the daily and weekly charts, so it's a bit conflictive. If you do get short, you'll have to trail stops after CCI gets oversold on dips. Thanks to @nyaqoob75 for pointing this stock out, it's not normally in my watchlist. Good luck, Ivan Labrie.
NYSE:MCDShort
by IvanLabrie
IWM: Market sideways/downIt appears like IWM will go sideways until the elections, since prices are contained within the range of the recent post 5 point spike in VIX buying spree, which sent prices to a new all time high, to then see a tight range and another sharp decline, and another 5 point spike in VIX, followed by a brief rush of buying, now almost entirely retraced. I'm monitoring VIX closely, and watching activity in the market, focusing mostly on individual stocks, and looking for both long and short opportunities. We can have a sense of direction, by checking the position of the market relative to the key levels on chart, and it'll soon be clear if this support at 119.88 is holding, thus proving the 'sideways into the elections' thesis correct, or, discarding it, if we break below that market, making a test of 118.65 the next logical event. If this level doesn't hold, as evidenced by the market making a daily HIGH, that is lower than it, then we could expect a fall back to the Pre-Brexit highs area. 118.65 remains the key here, if retested, bulls want it to contain the selling, and strong buyers emerge right there. It would already be negative if the floor at 119.88 doesn't hold though, so keep close watch of it. Good luck, Ivan Labrie.
AMEX:IWM
by IvanLabrie
3
IBM: Earnings out tomorrowLet's monitor IBM here, after earnings we might a drop down to support, where it can be an attractive long. We have to wait one day more after earnings are out, to trade it, but we can already label the key levels on chart, and determine what our bias is going into the report, and what fundamentals tell us. I like IBM here, specially if it drops lower, with 8.5% earnings yield and a 6.6% free cash flow yield, growth opportunities are around the corner for IBM. Revenues have been down, but technicals favor uptrend continuation in the monthly chart, specially if we manage to break above the downtrend mode to the left soon. Good luck, Ivan Labrie.
NYSE:IBMLong
by IvanLabrie
2
MXNUSD: Tight stop long (or short USDMXN)We can take a long Peso position here, risking a drop below October 11th's low here (in the USDMXN chart, it would be Oct. 11th's high, 19, give or take). The market is favoring Hillary Clinton's odds to win the election, thus propelling MXN up. For now, that's what it seems to be happening. A rally from here and a solid daily LOW above -17.8395 (under 18.8087 in USDMXN, the Brexit Key Level), would confirm my bullish bias on the Peso. Good luck, Ivan Labrie.
Long
by IvanLabrie