ChrisAbdey

ChrisAbdey

I am stacking LMT with another confirmed reversal, it's back about the 9 day MA, the 50 day, 100 day and 200 day all have a nice slope still. The RSI is above the 50 level and heading up. Stochastic shows upward movement, and the MACD is making a positive cross up (almost) Stop Loss at 270 - Take Profit (don't know I'm holding for a while)

ChrisAbdey

Short Netflix as it recently went under the 9 day MA, then the 50 day MA, and now has closed below the 100 day MA. My target is $139 for take profit which is next area of support.

ChrisAbdey

We're coming up to a pretty heavy resistance area for the CHFJPY pair. - This is going to be a good area to watch, and if it doesn't break above this area I'll be looking to put in a sell - (red line at the top resistance you can see going back a few months - it's retesting now)

ChrisAbdey

I am currently long oil - however, it seems like she got to the 200 day MA and can't quite get the strength to close above it. If she does close above the 200 day MA (red line) it'll likely be above the 50 day MA as well and I will maintain my buying positions. If it closes above the 200 day MA and can stay there for a couple of trading sessions I'll open an...

ChrisAbdey

Palladium did a nice bounce off her trendline again. (previous idea posted) - Now, the indicators all say we're in for some downward/sideways motion, so there is some risk that she may break that trendline but she has seemed to hold so far. So I am holding and buying the dip :)

ChrisAbdey

Got a nice sell setup here on the EURNZD, flipped a sell signal, it dumped below the 9 day MA, stochastic has it moving downward, MACD going to cross down... Let's see how this develops :)

ChrisAbdey

I'm not long gold yet - but you see it DID drop and seems to be bouncing on that long term trendline (in blue) - Depending on what happens this weekend we may be looking to go long come Monday :) Again, I'm not looking to buy YET - but if she holds, it may turn into a buy.

ChrisAbdey

Copper Finally showing some good movement. I have re-opened my copper position and will also be looking to get into some BUY positions on the AUD side. The reason I say it is confirmed now is that it broke back above the 50 day MA, it's above the 50 RSI and the MACD (looks like) it wants to start heading into positive territory. The only thing to watch is the...

ChrisAbdey

GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum...

ChrisAbdey

I have put in a sell position on ticker KR due to it flipping a bearish engulfing bar, the RSI slipped below 50, the stochastic has it moving down, and the MACD just did a kiss downward below the 0.00 level (so a negative cross down)

ChrisAbdey

Finally gone long on copper - I still want to see the RSI get above 50 - BUT - It has maintained above the 9 day MA for the past 4 trading sessions, the stochastic has it moving up, and the MACD did make a positive cross over so I jumped in.

ChrisAbdey

Well now, Ethereum has FINALLY busted out of that annoying flat line :) I'll be waiting for a bit of pullback and will be stacking.. I think the SEC is going to finally cave in and give the green light on the Bitcoin ETF - as well as the ETH EFT in the works. That plus crypto is only going to get stronger as time goes on... Time to stack :) SL? Well, I'm...

ChrisAbdey

I think it's just about time to buy copper again, in fact I was flipped the buy signal back on April 24th. However, I am sitting on the sidelines, mainly because I want to see the RSI get back over 50 before jumping back in. Once the RSI can get back above 50 (if it does within the next few trading sessions) I'll be going long copper :) Fundamentally, Copper...

ChrisAbdey

Right, so the Aussie dollar is showing some strength, also Copper threw (albeit weak) buy signal, so I am expecting this pair to continue upward. (Daily Time Frame) Also, it is above the 9 day MA and is above the 50 day MA. However, there are a few more points of resistance it will need to break. I am long AUDNZD -

ChrisAbdey

Oil is hugging the 200 day MA pretty well - The MACD still shows downward movement, however the stochastic is saying to get ready for a change perhaps and the RSI is showing signs of some exhaustion. I'd expect some more sideways movement in the range of 49.30 to 50.10 - but eventually I'm looking to go long again.

ChrisAbdey

I am neutral on copper for right this second, but I am getting ready to get long on copper in the next few trading sessions. It looks like she wants to break off the 9 day MA and the Aussie Dollar is showing some strength (just went long AUDJPY) and this suggests perhaps copper will be getting ready to make a comeback. Since contracts expired yesterday it does...

ChrisAbdey

So... The Aussie dollar seems to be doing alright, the yen had some unraveling with the lessened pressure from the elections - and it looks like copper may be wanting to start to make a comeback. I have taken this opportunity to go long on AUDJPY to take advantage. I have my own SL set rather short on one position at 89.70 however, my other longer term trade I...

ChrisAbdey

The USD seems to have suffered some after the tensions in the French elections eased up again. By no means is it over - but for now the market seems content to ease off on the fear/risk factor. The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a...