Rocketman

Rocketman

Awaiting an entry..... Japan has its monetary policy decision TODAY NEW YORK TIME Food for thought: No QE for the Japanese yen would could signal that (1) they are getting a little better? Or (2) Yen bank is "betting" that the US economy will be stronger than their economy anyway? Or (3) Other intermarket deviations and relationships contribute to waiting just...

Rocketman

One more dollar spasm before a crash? Maybe, but for now, the dollar looks strong for pullbacks or for a breakout should any catalyst spur its brew to move.

Rocketman

Looking for a bounce in AMBA; but not a full blown rally yet. This level looks good to me.

Rocketman

Fundamentally: In addition to not lowering rates, the Bank of Canada was dovish. If they maintained rates and were hawkish, then I would probably take a slightly different stance. But, so far, USDCAD is a short for me because the BoC maintained rates and did not lower them. In fact, the BoC mentioned that commodity prices were a problem for them. Lowering...

Rocketman

Company highlights that stick ou t: - Growth YoY 1.4% in revenue, but -2.7% in net income, and earnings per share was flat at 0.74. - Intel acquired Altera at the end of Q4. Altera's annual sales were aproximately $1.7 billion at the time the paperwork was signed. Subsequently, Intel management included this in its 2016 guidance, which amounts to about an extra...

Rocketman

Fundamentally, I think the SOX index, which is the semiconductor sector of which AMD stock is within, will have a good year this 2016. Technically, I entered a technical trade in AMD around $2. targeting $4.71 or higher. I may possibly hold it for longer in case it develops into a new full blown trend.

Rocketman Updated 

Technically, this short position on the USDCHF is a perfect set up, but it doesn't mean it will work out. From another perspective, the sentimental view, USD tomorrow seems to be forecasted as bad news coming for the USD on January 6th. I think it is fitting to short this pair, as most of my other positions are in favor of the USD. Other setups... I haven't posted.

Rocketman

Using Wave Analysis.. I enter into WFM.

Rocketman

$22 - $19 sounds like a good buy area for GM's stock.

Rocketman

The economic data for the Australian economic for unemployment, I believe, shall be bullish today at 7:30pm EST (January 13, 2016); and that supports a temporary upward bias in the AUDUSD. My hope is that the market gives support the push up in AUDUSD. This will enable me the opportunity to short it later in harmony with my notes on the chart; as this market...

Rocketman

Watching the price action of gold to get clues for AUDUSD. In this current market, a movement in gold has tended to precedes a movement in AUDUSD pair. On top of this, the economic data for the Australian economic for unemployment, I believe, shall be bullish; and that supports a short-term upward bias as well in AUD. Thus, here is what the market gives us to...

Rocketman

A raising of rates will create a credit crush and will effect JPM's earnings. If consumers can foot the bill, then JPM will be spared. For now, I have to wait and see how the detoxification of JPM's steroid binge on low rates will effect earnings coming out next week. Another round of low earnings could spell trouble for this giant. And if it gaps down, then...

Rocketman

The monthly target for Coca-Cola (KO) stock is 35.03 to 34.32 area; but the penguin likes 28.84. Maybe KO's February earnings catalyst will invalidate this pattern. Also, I dare not short it because of the price action going down.

Rocketman

Key levels for USDJPY on a cycle basis are 114.09 and 106.52. See notes on "Wave Analysis of the Japanese Yen."

Rocketman

What? ... nobody wants Coca-cola?

Rocketman

Target reached.. just wanted to post my thought for future reference.

Rocketman Updated 

Taking a stab at buying ORCL based on a daily and weekly chart. Ultimate target is $40. I am hoping this 15 minute chart will move in that direction.

Rocketman

The dollar seemed quite overcrowded or overbought right now. I did not expect this EURUSD position to trigger, but it did. So, I am long EURUSD, going after target#2.