The-57th-Street-Trader

The-57th-Street-Trader Updated 

Thesis The sentiment still remain negative as a whole, but the energy sector should perform well in its Q1 with the WFH policy. The energy sector should be volatile with its earning coming up giving a good opportunity for following the rally. Game Plan The momentum is back with a positive trend as a support cushion.

The-57th-Street-Trader Updated 

NIX is looking attractive again after I had it closed earlier. Normally, I close my trade positions due to two factors 1) There is a slowdown in momentum and trend and thus selling now and buying back later - if structurally there is nothing changed in fundamentals - and 2) there is a structural changed in fundamentals. My earlier closed position was not due to...

The-57th-Street-Trader Updated 

Do you wanna sell this at $20,000 here is your last chance before it takes a big plunge down at $20,000 Just buy buy buy!!! It's kind of like the Tulip bubble you have to get in when the goods is good. DXY weakening is also helping the price to go higher so this is a really good chance to catch this wind.

The-57th-Street-Trader Updated 

Historically, if you look at those times where VIX spiked up really strong it always ended like a firework ... a bang at the top and then fade away which I believe this time is nothing different from the past. It is absolutely nuts to even think that the market has turned and a bear market has started - a bear market does not start that easy with just a simple...

The-57th-Street-Trader Updated 

Bear Market for bonds is one thing that I can firmly say about this market. The US 10-Y bond yield should rise to somewhere around 3% by the end of this year so that is about 30 basis points to my target. Bonds are no longer attractive switch your money to stocks is a better option or better yet short it. My Investment thesis on shorting bonds - FED is shifting...

The-57th-Street-Trader Updated 

Recently, gold tested its previous high from September last year which it failed to pass through the line. Gold then reversed down and gave us the first shorting opportunity around 1349; currently, gold is trading around 1321-1324 so this is quite a late call, but I believe we could see roughly, at least, another 2000 pips move due to stronger dollar and lower...

The-57th-Street-Trader Updated 

BUY CHINA for an expected new trend to start next year around April 2019

The-57th-Street-Trader

After many weeks of sluggish movement in European indices; DAX, the leading index of European indices YTD, is coming back to its original trend. It seems like consecutive selloffs many weeks ago are halting and reversing up. This seems like a healthy correction as the selloff was only due to sector rotation and Europe's fundamentals have not changed; another...

The-57th-Street-Trader Updated 

I guess I'll don't spend much time on this because it's obvious which side you have to be on oil - bullishly long! Also, having oil now is definitely a better choice than Gold - honestly dude! The reason is not because of the graph; this is totally fundamentals. Recently, people believe that it's because of the turmoil in the middle east that causes all this...

The-57th-Street-Trader Updated 

So, there was a lot of tension over the emerging market in the past several weeks due to non-stop appreciation of the dollar even my fund (The place I work at) was worry about it. You can check up my view on my latest DXY analysis where I suggested to long the DXY, but, recently, I closed it because of "debt ceiling" and delayed "tax reform" news are good...

The-57th-Street-Trader Updated 

Dollar index is back on its track after a slump many days ago due to so many noises from the news. Nonetheless, what's driving the DXY up this time is also due to the "news"!, but this time a quality one. I want you to focus back to the fact why DXY will continue to go up from the following news ... "FED will raise the rates anyway regardless of the inflation" ......

The-57th-Street-Trader Updated 

FED is crystal clear about its monetary policy for the rest of the year; there's a pretty good probability of a rate hike at the end of this year, but still at that point debt ceiling problem could loom out on the surface again if the government is not clear on theirs strategy. Tax reform is helping pushing US equity markets up - small businesses could gain most...

The-57th-Street-Trader Updated 

So, I was gonna publish this idea last week, but then I kind of got busy with all the work and stuff; also, this channel is my personal channel from another one which is for work. So, Germany's election went well, but the number of far-right bumped up and scared off investors as we can see from a sharp decline in the past week of EURUSD - bounced up a bit now....

The-57th-Street-Trader Updated 

Well, Nikkei 225 is super resillient even with the Korean peninsula tension. The market still up and alive; also, BOJ recent monetary decision and Abe's snap election actually pushed Nikkei up for a potential upside. To be honest, Japan is still not under a favorable condition for investment, but speculation perhaps an opposite. Japan's economic data are improving...

The-57th-Street-Trader Updated 

Up and up by Coldplay is the best song to describe the price action of DXY right now. Read my analysis here first in Gold: The analysis for Gold is pretty much the same here for DXY, but of course here I recommend a long trade not short! In a daily time frame, it's about to have a golden cross and so a reversal point for DXY which means a continuation of the...

The-57th-Street-Trader Updated 

I published an idea on my another account to short Gold a week or so ago. Actually, the best spot to short gold was around 1341.xx according to my trading system because noone is listening to the "Rocktet man" threats any more; we all know that it's just another baby threat and dollar is rising again after FED's aggressive statement which on my another account I...