Rocketman

Rocketman

4 technical reasons to buy gold (xauusd) around the 900s.

Rocketman

EURGBP... BHAPY pattern.... longed based on weekly chart.

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Technical trade entry #2

Rocketman

Technical Trade. This is Test Trade #14 out of 20.

Rocketman

Combining the technicals with the fundamentals for the currency market seems to be easier than stocks for me; for one not looking at BOTH macro and micro-economic data, and auditing balance sheets of thousands of companies, but the task is mainly analyzing political and macroeconomic data and not worrying about the CEO of company X putting his company in the pink...

Rocketman

Didn't think I would publish this....here it is...small risk with small position. Should take some weeks.

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This is a technical trade using divergence trading methods.

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This etf may be called Bear 3X, but it sure moves conservatively in slow movements at these low prices. Since I am short the SPX, I am a buyer of this SPXS etf, which is the inverse of SPY. It is the Direxion Daily S&P 500 Bear 3X S. It is trading at a reasonable price. My analysis of buying SPXS is based on my analysis of shorting the SPY and DOWI. Here are...

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Here is the long awaited short for the SPY. I am taking this weekly position based in SPXS, the inverse of the SPX for a bargain; that is, around 15 to 16 dollars. This set-up is related to my analysis on the DOWI. My short sentiment for the SPX is inline with it as well. Some other interesting articles to start a conversation S&P 500: The Perfect Short: ...

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The economy may be is slowing "recovering," however, there seems to be cracks in the data to suggest that this "recovery" cannot handle an interest rate hike. In fact, this slow "recvovery" may be the outcries of a looming recession, as other data suggests, such as leading economic indicators and the coincident economic indicators that come out weekly and monthly....

Rocketman

- The words full of a lack of investor support coming out of the CEO's mouth provides a negative sentiment for investors. Macroeconomic Data to Watch Closely on October 31, 2015; Saturday : -- Sat, Oct 31 @ 9:00pm, China's Manufacturing PMI comes out. Expectations are that it reaches 50 over 49.8 previously. If it is not greater than 50, then investors can...

Rocketman

DUST is at monthly resistance and has diverged. not onw t further interested in a rally in DUST. If DUST falls below 33.82, this would further support the case for GOLD and gold miners. Multiple indicators has shown divergence. At this moment, gold bugs only need a catalyst to knock DUST down and for gold (XAUUSD) to break above its ascending triangle. Whether...

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I am watching for gold to retrace to 1091.40 for a possible long, buying for a rally upwards based on weekly and monthly trend channel support. This fall back to 1091.40 could take up to 24 hours. I am not saying that it WILL happen, but watching for the possibility to get in at a cheaper price. So, I am watching that level.

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Several neutral points to make about the Market Vectors Gold Miners ETF: (1) July's volume has such low interest so far compared to other months; however, the month is not over yet. It could very well end in a hammer or a doji. (2) The momentum of GDX on the MACD shows a potential for double bullish divergence. We can only wait and see. (3) The RSI shows us...

Rocketman

channel... interesting company... fundamentals are there...no dividend though.....good in the long-term (18 months) if stop is not hit.

Rocketman

It seems like INFN is moving toward the top end of its weekly channel. So, around $28 or $32 seems like a good target to go after in the short-term; however, I plan on holding it up to $40 (18 months) if it does that. Note: If fundamental start to get better, I will keep adding more every month to the company.

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WEEKLY VIEW : TAN is at historical support on the RSI (21) on the weekly chart and the daily chart has bullish divergence. This level converges with channel support and a 71.8% fib level. All that is needed is for price to show us a weekly or daily sign to confirm my analysis on solar in the weeks to months to come. DAILY VIEW : For three months, I've been...

Rocketman

the SPX has pulled back to a horizontal support. This subsequently is also a 50%fib. In fact, all the fibs at 50%, 61.8% and 71.8% have horizontal support. It is tough to decide where exactly the market will bounce; hence, my stop is below 71.8%. Other supporting evidence: (1) Notice the hidden bullish divergence in both MACD and Stochastic indicators. This is...