OptionalIdeas

OptionalIdeas

Above the red circles represent a pattern that is looking very similar to 2008. First it broke it's 2008 trend line just like 2008 broke 2000 trend line. Next the MACD has light blue circles showing the same selling pressure pattern. Finally the purple circles within the ROC show a pattern that looks similar to the pattern just before the credit crisis. *...

OptionalIdeas

The Yen fell to the lows of march where it bounced forming a potential double bottom. It's currently trading at the light purple trend line, however if it does not maintain above the light purple line I believe it will probably break down to 101.216 I'm switching to a neutral opinion of the Yen. * This information is not a recommendation to buy or sell. It is...

OptionalIdeas Updated 

FX:USDJPY is forming an inverse head and shoulders. If it breaks out the expected percentage move is almost exactly the amount needed to take it to the longer forming neckline. From there we can see if we will get a longer forming break out or not by testing the second larger neckline. * This information is not a recommendation to buy or sell. It is to be used...

OptionalIdeas

NASDAQ:MU has formed an inverse head and shoulders pattern that broke out. This break out failed to make new highs, however I believe it created opportunity to enter into Micron. Microns business is about to change by a lot. Let me explain, Micron sells NAND memory, which is non-volatile. Non-volatile is a fancy way of saying it doesn't need power to remember...

OptionalIdeas

Looking at OANDA:USDJPY over a multi year period we can find an inverse H&S. Not only that we can see a cup forming over that period. Fundamentally I believe there will be a global slowdown. Yen is usually a flight to safety during a downturn (similar to gold). The slowdown will be in the U.S, and will weaken the dollar to such an extent that even if the Yen...

OptionalIdeas

IEF has bounced off of its double top created during the recession. This has created a hard support. Not only that it has bounced off of it before in a similar fashion between 2013 and 2014. Volume is dramatically increasing at this level, the moving averages are flattening out. All of these are bullish signals. * This information is not a recommendation to...

OptionalIdeas

I believe NASDAQ:TLT is breaking out. The main thesis I have been following is global slowdown is coming within the next 2 years. If this occurs the Fed's hand will be forced to stimulate the economy by having constant or lowering rates. From this we can derive that NASDAQ:TLT must go up since rates and bonds are inversely related. Finally with ...

OptionalIdeas

GLD and AMEX:IAU have both had very good runs recently. They both originally broke out of their wedges however, they both ended up not maintaining their trend line. The main differences I want to point out between the two is that GLD has not gone above the bottom trend line while AMEX:IAU has. AMEX:IAU also has increasing volume but GLD has...

OptionalIdeas Updated 

BEN has formed a H&S pattern on the monthly chart. I believe BEN will drop down to its 2000-2009 trend line. Financials are being hit hard, and many have been calling for a recession or at least a slow down over the next couple of year. The fall to the trend fits into the larger picture of global slowdown within the next few years.

OptionalIdeas Updated 

Looking at SP:SPX on a log scale and over a 40+ year period we can find a wedge. The bottom part of the wedge is the low of 1974 connected to the low of 2009. The top part of the wedge connects the high of 2000 and 2015. This creates a bullish wedge that has already broken out and returning to the top of the wedge. The wedge has technically broken out and I...

OptionalIdeas

XLU has formed a double top. Utilities have been a flight to some degree of less risk. However Looking back to 2008 and 2000 utilities were hit just like most other equities. I believe that utilities are going to be hit again within the next year. * This information is not a recommendation to buy or sell. It is to be used for educational purposes only.