Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH or even...
Despite the amazing pop in the previous day, I think DRYS has room for more upside movement. If we manage to break the three Daily Candle pop pattern, DRYS could go supernova. I scalped and only will (scalp) this stock in the following days. Only if we manage to break the pattern will I dare to hold overnight. Apart from positive news (DBI from 800 to 1000) and...
I will be sorting Natural Gas for only 1 day (12/14/2016) I don't think Natural Gas has a clear direction right now, but I do think it is still in limbo, just at a lower level than expected. Thus I do forecast a drop back from the 10DMA levels of 2.737 to erase today's (11/14/2016) gains, but no movement lower, at least not this week.
The oil market in the following days will be very shaky but ultimately, it will reach $43 which is my first TP. From there on I am not sure about oil direction as the indicators on different time scales greatly contradict themselves and some data also contradicts other data and indicators.
If trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term...
If Clinton wins expect 1-2 week rally for major indices. I expect a retracement back to the 2130-2140 zone where I will enter as short, because after the rally I expect more downwards movement to at least Brexit lows around 2010-2000. Since the lower BB is not widening, I expect a similar situation as 2014-10-13.
As 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...
I can see a repetition of the same pattern that occurred in November, with a trend reversal (Price diverges from upper BB) after a rapid rally. Furthermore, the trend reversal occurred at a consolidated resistance point 2015. Finally the stoch indicator hints to a downtrend as well as the a bearish dominance that the negative slope of the balance of power...
Despite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in...
Let me start off by saying I don't think a crash (-10%+) will occur before election day. Still as experienced in previous election cycles, usually two to one week before election day markets tend to sell-off as there is high uncertainty associated with presidential elections. I am basing this possible short play totally on technical and news factors; namely...
In accordance to my previous idea, my sentiment on oil today and for the following days is bearish. On the weekly chart, oil looks to have a lot of room for downside with the MACD flat, just barely crossing over and the STOCHS signaling a reversal. I think if this pattern completes we should see $40 oil within the next 2 weeks. This of course should be helped...
DB failed to break its previous day's high on friday which leads me to believe that in the following week it should head south towards $13.8. Still don't expect major downside movement as many institutions stand by DB ready to support it and we currently sit at atl for DB. At this point you could trade DB as a "too big to fail" institution and ride the stock up to...
After the contract rollover, NGAS lost it's downwards momentum. No special news were published during the intentories and thus I expect NGAS to just "hang out" between the BB (1H) until the BB closes on 4H and D. From there I expect opportunities to short below the current HCL. Expect this sideways state for at least 3-4 more days and...
I would like to apologize for my previous analysis on oil. Whilst the idea was correct, I falsly planted the fib retracement a nd got wrong levels. Apparantly, the new pivot point is at $46.1. Thus I changed my target to that. Other than the wrong levels, you can read "Oil hates uncertainty" for more information on the trade.
1 month ago today, OPEC unofficially decided that they would cut production by 32.5-33m br/day. That announcement sent oil into gains frenzy skyrocketing it to almost $52/barrel. That unofficial statement was not enough to make oil break the resistance and reach the expected price of $60/barrel. Now during the OPEC and non-OPEC members meeting in Vienna in...
Despite the what I consider a pump, oil will close the gap that occurred due to headlines and move lower. Right now it is a very attractive entry point for shorts. I added to my position @ $49.7
After the really bearish response to what most consider good news for oil, I decided to open a new short position with tp $48.2. On the daily there is still room for downside and despite the contract rollover I think the gap will be filled over the next to days and proceed to move lower. Stop at $49.35
Based on technical analysis we should see a leg lower withing the next 5 days. A crucial factor though is the natgas inventories to be released on thursday. Keeping in mind the negative correlation with crude oil observed lately, the data should favour a short position.