XOP triangle breakout on the cards, targetting 46-47 region, consistent with weekly resistance areas outlined in idea: XOP Bear coming soon
Looks like rates might have topped (and bonds, bottomed), from what we see here. This is a highly risky position to take, but I am taking it.
Waiting for a hit of the upside green box (labeled 4), for a short targetting 5 down. This will put me on watch for a long term bottom With respect to what I said in MMM Micro -- the linked idea - the clue was the fact that the first wave up didn't hit my desired green target, and now we have staged a very corrective looking move up. This has put me on high alert...
When silver breaks up above the downtrend line, I think a very nice trade is setup
Would like to enter some short positions on URI and watch it go into c of 2, so that we can go for a very nice bullish setup there. So plan is to wait for the little green box at the gann line, and then small short there, and flip to long at the larger green box down below. This trade would likely be a multi month one
Similar to URI, I think we see a dive into the green box for 2 at which point it would be a nice long. For now, I will likely initiate a small short position
I like this setup for much higher. High R.R since I will be long as long as we are above 48 on a closing basis. Over the next year, I expect a visit of 65 first, and once that goes, much higher (will update targets with price movement)
The setup is there for xom to blast off here -- however we might make one more little micro low for (ii)
Set up is a ripper into the 350 region fairly quickly
Given that we blew through the previous support, looking for the new buy box to re-accumulate my stopped out positions
I would be looking to acquire Long term holds at the buy buy box. Below it, I'd stop out
BA Boink setup has great R/R here. Above previous high around 365, I'm out -- but looking for a drop to the green rectangle
We now play the waiting game for a major low in GE -- it is likely it will spike low, to the 2.5-3.5 region. I plan to purchase that spike low with both hands.
As gdx meanders along, it is strengthening its case for a breakdown.
Looks like this sets up the next ramp up into the 57 region.