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ridethepig | Sticking The Knife In TRYTurkey continues to stand out on the EM FX board, USDTRY finding strong support at the 5.97xx with sizeable USD demand signals from local Turkish banks. These same banks will be quick to cover should we breach the 6.00 handle and vulnerable to a squeeze once engaged. In the very immediate term EM FX will be hijacked by the ebb and flow of coronavirus headlines and the spillover effects on growth. Regular readers will know I have been a bear on Turkey for years, this environment will not attract any fresh RM inflows into Turkey - just take one look at the yields and the CBRT cutting cycle. On the technical side, the breakout we traded unlocked 7.80xx for the year. Reassessment on the bearish view is only required on a break of the 4th wave support located below at 5.4xx. The upside is wide open and will trigger the dominos in the collapse of Erdogan and Turkey as we know it. As usual thanks for keeping your support coming with likes, comments and etc!
Long
by ridethepig
2
Long-term patterns of the stock market vs. US PresidentsI'm not a history buff, but tried to chart the stock market vs. all US Presidents since 1960 (the presidential cycle if you will). Turns out ALL democratic Presidents enjoyed a rising market, while only 2 out of 5 of their republican peers did. In fact, ALL democratic periods ended at an ALL TIME HIGH for the S&P . Sure, it's no secret information at all, but insightful if one cares to do the long-term look from time to time I guess. I don't know if history really does repeat, but the long secular bull market of 1974 to 2000 suggests that this recent bull isn't necessarily over yet... Additionally, a Point and Figure count over the lateral (or congestion) period from 2000 to 2011 points to a target of roughly 5.000 in the S&P 500 . Other opinions, please?
SP:SPX
by Mummu2
Long-term patterns of the stock market vs. US PresidentsI'm not a history buff, but tried to chart the stock market vs. all US Presidents since 1960 (the presidential cycle if you will). Turns out ALL democratic Presidents enjoyed a rising market, while only 2 out of 5 of their republican peers did. In fact, ALL democratic periods ended at an ALL TIME HIGH for the S&P. Sure, it's no secret information at all, but insightful if one cares to do the long-term look from time to time I guess. I don't know if history really does repeat, but the long secular bull market of 1974 to 2000 suggests that this recent bull isn't necessarily over yet... Additionally, a Point and Figure count over the lateral (or congestion) period from 2000 to 2011 points to a target of roughly 5.000 in the S&P 500. Other opinions, please?
SP:SPX
by Mummu2
RIPPLE INDECISION!!!Does ripple have a huge mountain to climb? This handle it is approaching has been very detrimental in ripples success in the past but currently looking like a downwards channel is forming and ripple could be looking for a drop to the downside towards $0.2? Or do you guys believe it will break this resistance and start climbing as bitcoin looks to begin also! Let me know what you guys think will happen to ripple? Is all the clickbait hyping it too much? Is the news and stigmas around it true? Leave a comment down below!
BITSTAMP:XRPUSD
by BenCheungFx
USD/JPY SHORT SETUP - WEEK HOLDFor those of you who like to hold trades for a good amount of time then this is a good opportunity for you! The pair has been over extended again in this ascending channel and looks to repeat history once again. Since the long term bias is short. We can look at taking short positions with confidence and potentially break out of the ascending channel on the lower side making this trade a very good long term outlook if executed correctly. Please leave a like and a follow as it really helps me out with creating the content I create!
Short
by BenCheungFx
Soybeans : Over Minor ResistancePrices of Soybeans are seen to be above the minor resistance. (9.118) Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods. Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear. Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion). Parameters : Position Size : %1 Risk / Reward Ratio : 2.11 Stop-Loss : 8.75 Target : 10.256
OANDA:SOYBNUSDLong
by Noldo
2