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FINALLY! GOLD COMPLETES THE RISK-OFF *3* - !SHORT EQUITIES!Finally Gold completes the market risk-off 3 for rallying... we not have JPY, BONDS and GOLD all rallying - this completes the set of 3 -riskoff indicators, we are now in full bear mode for stock markets imo.. as you can tell from the US Treasuries and JPY, these riskoff assets have been gaining value for some time, gold has been lagging behind but today following a poor NFP print but STRONG Unemployment print. IMO gold is rallying higher as the probability for a fed hike becomes higher since unemployment is their target measure along with inflation (and not NFP as some will believe). with all 3 riskoff assets rallying this means there CANNOT be enough liquidity in the market to push risk assets (SPX/NAS100/DJ30) to new highs as well - its all but a 0 sum game - the liquidity to push JPY BONDS and GOLD higher MUST have come from risk assets. I believe this will be the end of the modest bull run for equities #downwego probably starting next week. A movement lower in equities at his point is well served - we have many high risk events coming up and i believe people will be getting out of risk and into safety starting next week given 1: fed on the 16th 2. brexit on the 23rd and also BOJ on the 16th (along with a slew of other Central banks also due to declare their monetary policy). Given the above uncertainties/ Risks NOW seems a perfect time for investors to flee to safety and for the SPX to follow suit 5-10% lower in the coming weeks. As per my previous articles this answers all of the questions, we now have enough uncertainty momentum to push gold UP and stocks down IMO.. the paradoxical bonds/jpy AND stocks higher will come to an end in the coming days with STOCKS selling off for at least 4 weeks. PLease see the attached articles for more information.
FX:XAUUSDShort
by QuantumLogicTrading
NzdJpy pattern looking awfully similar to the 2008 GFCThe similarities are undeniable, and to be honest I don't think the circumstances are that different either. 7 years of unprecedented printing press activity and ridiculous 'easy money' policy by central banks is a recipe for disaster. The yen is on it's way to becoming totally worthless but ironically 2016 is shaping up for yen strength from a technical standpoint. The massive head and shoulders pattern here is in play and suggests a downside target of 50.50. We are close to breaking the neck but as this is a weekly chart some patience will be required to see the position play out. Fundamentals and technicals are lining up. Stay short into the end of the year. We may need a catalyst such as the US elections to get us going. Either way, strap yourselves in and get ready for a wild ride!
Short
by AgentSmith
10 Year Treasury Note futures - Go long on a new daily highWe have a nice setup here in the bond market, we can look to go long on a break of yesterday's high with stops under the 129 mark ideally. It seems like we can rally forcefully to reach 130'27 in a few days. You can also play this one going long TLT during the US session. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
CBOT:ZN1!Long
by IvanLabrie
Gold/Stocks ratio: Long gold, close equity longs/find shortsThis ratio gives very timely signals as to when to more optimally switch between risk on or risk off biases. It's clear that we can long gold, bonds and yen now, I'd be careful with equities, at least not going long indexes, or looking for shorts in weaker securities would be my favored approach. I have booked profits on a few profitable long trades, and reentered gold and bond longs. Waiting for an optimal entry to long Yen again. I did short it after the BOJ news, but I have covered for now since we found support at the previous lows. Check my other publication for the suggested long entry and stop locations for gold longs. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
7
Gold about to regain its lusterThis monthly chart of gold reveals something very interesting. Gold has had a bit of revival this year but the momentum seems to have stalled a bit. The beautiful reversal pattern in the chart though seems very bullish for gold. Sure, it may see a bit of down move to 1200 - 1150. But that would be a massive buying opportunity to ride till 1500 levels. This also is an ominous sign for all risk assets. See my related post in the link below. Tread very carefully.
FX:XAUUSDLong
by Kaustubh
JPYUSD: Long yen, deleveraging in the backgroundIn this chart I analyze the currently active signals in the JPYUSD chart, as an alternative way of approaching USDJPY to prevent biases. I'm seeing an active 2 week trend, which has until June 27th to complete, but also if you dial down to the 3 day chart, you can see a valid uptrend signal emerging from the recent 'impulsive' leg to the upside. I'm interested in going long the yen in this zone, and aim ideally, for a retest of the dowtrend mode near 0.009875. The time at mode signals, tell me price could stop at 0.009256 or 0.009489, so, take heed of these particular levels, for either a retracement or reversal of this trend. I'd expect the equities to correct the recent advance, in the wake of this yen uptrend continuation, as risk off sentiment takes over once more. The trade: Go long JPYUSD, or short USDJPY, ideally on a retracement, but if not, you can take it at market price and keep stops 1.2%+ away from this week's close. Target a 3 to 10% distance from entry, approximately. Holding time, or ETA to reach the targets is before June 27th. Good luck if taking the trades. Cheers, Ivan Labrie.
Long
by IvanLabrie
5
Cable Finishes Week Below 2015 LowsThe Cable was killed last week as markets rattled on China fears and US Non Farm Payrolls trumped expectations. Pair finished the week below a descending triangle bottom marked by the 2015 lows and looks set to continue lower over the coming weeks. Initial target is the 1.236 extension of April - June 2015 around 1.4240, this extension coincides with the 2011 lows above 1.4220, where pair will likely find interim support. Alternatively, a reversal above the 2016 open (1.4732), would spell false break and encourage bulls to look for trend-line resistance below 1.5250.
Short
by FXTechs
BTCUSD: Update - Previous setup results were good, careful nowThe chart shows the currently active bullish setup on the weekly chart, as well as the important support levels below. We should pay attention in the coming days, since I think we will see a retracement soon. As long as we're producing weekly highs every 5 weeks, we're in a strong uptrend, specially while sitting above the weekly mode, from where a 18 week rally launched in time at mode terms. Next step would be to look for retracement entries to go long, unless the bullish setup gets invalidated. The aggressive entry location would do for a good entry, but the stop loss is considerably wide, that's why I label this chart as neutral. I'll update it if a new setup worth your attention shows up on the daily and weekly timeframes. Cheers, Ivan.
BITSTAMP:BTCUSD
by IvanLabrie
13
GBPJPY: This might be it...GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there. If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it. In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This offers a very good short setup if we get a retracement entry. Be sure to take it! Entry would be anything above 191.91, with a stop loss slightly above the weekly mode at 193.468 (make it say 193.568) Good luck! Ivan.
Short
by IvanLabrie
13
USDCAD: Tight stop short, low odds but big payoutInteresting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today. I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance. It's worth a try, if it works we can scale in on the position. Good luck! Ivan.
Short
by IvanLabrie
20
Gold: Interesting Gaussian distributionThe chart describes an interesting setup. I'll go short now with a small risk of 0.50%, aiming for the targets below. Time at mode signals these areas as potential targets and reversal zones, and there's interesting fibonacci confluence there as well. The fundamental background also suggests it's possible to see this setup pan out. Whatever the outcome of the greek referendum, I'll monitor these levels and look to cover the short in profit and go long to retest the monthly mode asap. Good luck, Ivan.
FX:XAUUSD
by IvanLabrie
29