Regnevathe2nd

Regnevathe2nd Updated 

Using the 4 hourly GBPUSD chart to track the daily trade. Some trend lines have shifted due to the smaller time frame used. The targets here will supersede the daily chart ones projected.

Regnevathe2nd Updated 

Short the DOW too early and your head will be handed to you on a platter. Right now, the DOW looks to be distributing at the top. However, a break will see it head to 20100+ and a push higher will see DOW to even loftier levels. A move lower will see it testing 19700+ level. A failure will see it go to 19300+ at least. So which way will it go? Well, let's wait for...

Regnevathe2nd Updated 

Going long on TLT at 119.30 (around bottom of uptrend channel in blue). Stop loss is a daily close below 117. Target is 123 and then 124-70 - 125 depending on where the channel resistance is at the point of the push up north. Hope this is not too difficult to understand Chart looks a bit cluttered as there are several interpretations of the chart depending on the...

Regnevathe2nd Updated 

A follow up on the gold trade which concluded when it hit 1207. Now, another trade presents itself. Looking at targets of 1220, 1230 and 1260 for this trade.

Regnevathe2nd Updated 

Still on the hunt for gold to hit 1197 sooner than later. Trading on the 4 hour chart is usually not something that I'm comfortable doing, but since the opportunity presents itself, I'll have a go at it. Stop losses and target are reflected in the accompanying texts as shown in the chart.

Regnevathe2nd Updated 

Weekly chart for XAUUSD. Blue lines represent support and red lines represent resistance. Long term view is still gold bullish as 2015 low (at 1046.23) and 2008 low is not violated. The orange dotted trendline represents a possible view for gold to bounce off here and test the nearest red trendline resistance. Target is about 1220 in the weeks to come. If the...

Regnevathe2nd Updated 

The first support for the 30-Year is 152 (purple line) and the next is 146 (green line). A turn anywhere above 152 in the days to come will signal a bottom and a potential run to 162.

Regnevathe2nd Updated 

The price of copper is a good proxy for economic activity and hence the health of the global economy. Am tracking the price of copper for signs of a an economic rebound in the days ahead. My guess is the breakout in price is just a blip and prices of copper will soon fall to lower levels as we head into the new year.

Regnevathe2nd Updated 

Although one should pay attention to the divergence between HYG and the DOW (see my earlier published idea), a look at the weekly chart of the DOW suggests that if the present strength persists, we are likely to see much higher prices before any meaningful correction or change in trend sets in.

Regnevathe2nd Updated 

After such a steep and brutal sell-off, the technical picture for TLT in the longer term still remains intact. This move that began in 2014 will not end like this, what with interest rates at historic lows all over the world. The FED can claim to hike in Dec, but I never focus on what they say, but rather on they do. Just try and remember what they claimed to do...

Regnevathe2nd Updated 

GBPUSD is behaving quite nicely along this channel on the 4hourly chart. It can potentially go higher to 1.26 and then 1.28 if the move has any legs left. For now, we look to GBPUSD hitting 1.2540 or thereabouts.

Regnevathe2nd Updated 

USDTRY has been on a tear with all the issues in Turkey and the Eurozone. But it looks as though it is going to take a breather at these levels before resuming its uptrend. Going short on a very extended move up north in the past few days. Generous stop level accompanied by a very much scaled down position size. Let's see how this trade pans out.

Regnevathe2nd

The breakdown in HYG even as the DOW is making new highs suggests a divergence that can only be reconciled with a correction in the DOW. Note the extremely high volume in the down days for HYG, which serves as a confirmation on the downside. If the FED really does raise the Fed Funds Rate in December (which I think to be unlikely), we will see another steep...