Justiceisfalse

Justiceisfalse

Pro: 1. Euro looks like it has turned over pretty hard from the 1.13s it was printing this week 2. Euro COT is definitley bearish 3. DX is major oversold 4. DX has a clear bounce from supply zone 5. DX wedging hard and bounced 2x on that lower trendline 6. Close above the the weekly 21ema at 94.66 6. No liftoff on 2015 Con: 1. Could continue downtrend to 92 2....

Justiceisfalse

Pro: 1. COT rolling over snalaska.com 2. Pushing up against 2011 downtrend 3. Massive resistance level going back to March 2014 4. Overbought 5. Potentially putting in a higher high on lower momentum 6. Wedging forming from March 2014 Con: 1. Massive bounce from the monthly 200ema in January & February 2014 2. Trading above the weekly 50ema at 2.8905 3. Entire...

Justiceisfalse

Coming from overbought territory and failing the 180ema, TCK is back in the channel. We also have all of the base metals that have been on a crazy move and now pushing major multi-year resistance levels, notably HG (see chart below). Moreover the COT for HG appears to be rolling over this week to..... I would expect TCK to get back to it's lows.

Justiceisfalse

Got a good bounce from oversold at the end of the week back in to the primary wedge on the daily (purple). Do we remain in the wedge and go for another ATH ? Do we fail the resistance and fall to 105? Gotta wait and see now...

Justiceisfalse

Pretty self explanatory

Justiceisfalse

Something is wrong here. If Copper has a PhD, it's been sleeping in the lecture hall..... Economic indicators are rolling over and Copper is pushing up against major trends while being overbought. Looks like an interesting short to keep an eye on.

Justiceisfalse

The idea is conditional on the $DX and $CL_F reversing their current courses. That said, the fundamental picture in Canada continues to worsen and the $CAD has put on some serious size in the last few weeks. Technically, it is now put in a double top, is testing the top of the range, overbought and following the top of the channel. The $CAD also had a pretty...

Justiceisfalse

With the entire mkt being temporarily oversold, and $FB holding the 200dma at 77.22 and bouncing hard on the open, we should see a 80 print soon enough and could provide a great spot to short again or peel off some of the longs from the bounce.

Justiceisfalse

Rejected the 180ema. Not oversold.... yet Kissing the broken downtrend. Might find support on the trendlines below if oversold. All hangs on the $CL_F outcome and oil is overbought for now.

Justiceisfalse

Looks like a good spot to sniff out a bounce for a long in to the the mid 108s or more. This could be a false breakdown and validation of that major trend line in fuchsia which goes back to the October lows.

Justiceisfalse

Like many of the other US indicies, the $QQQ or $NQ_F is showing a lot of divergence. I have noted that many of the single names as well as the momentum sectors are breaking down and under pressure which should bring down the entire index. If the wedge provides support for the week, we should see 108 hold. If the wedge breaks and we see some speed, I see a good...

Justiceisfalse

Looking for the right time/price to get short. Lots of different styles of analysis are looking at a projected top around 2125-2145. Will wait for weakness and probably sell premium.

Justiceisfalse

Looking for strength to get long.

Justiceisfalse

Wedging hard and getting support on major daily and weekly levels down here. Large specs are extra short and could get sqeezed: snalaska.com Definitely on the radar for a long.

Justiceisfalse

I think we could see a push to the 62-63 level then cool off. The large specs that have been pushing this market up have appeared to start cooling off this week. snalaska.com Is this a meaningful return of the CL market or just a huge short cover/mean reversion trade? The fundamentals remain to be in the massive over supply camp and econ-101 would suggest we get...

Justiceisfalse

Big bounce on the 200ema on the monthly continuous right to the major downtrend from 2011. Breaking through the trend line seem unlikely as the economy is rolling over and the rest of the metals are getting killed. The big run on copper came out of the China bull story from 2005-2011. There seems to be a lack of real demand, both in the real world and in the...

Justiceisfalse

Depending on how the entire market goes, FB could bounce back to mid 80s or get to 77s pretty quick. So far getting support on 4H chart, less so on smaller timeframes. It's kinda do or die now......

Justiceisfalse

If we start printing below the 162'15 this week it's gonna get ugly quick. With the $ES_F looking to print new ATHs I am in the camp that the "liftoff" talk accelerates and the bond bears come back in full force, violently. There is a full docket this week for economic news so there won't be a lack of catalysts for this trade: www.bloomberg.com I am playing this...