adatherton

adatherton Updated 

Note the pullbacks are always around Dec-Jan as well. Strong candidate for shorting here, and tends to come off fast. Sell 104, SL 106.50, TP 96, RR 3.2.

adatherton Updated 

WGO - not much of a trade here but very solid. Stock forms neat textbook EWs, actually jumped on last ER miss. PE is low, so slam dunk for old high of 58.62. SL of 47.90 (below gap) gives you just above 1:1, but as I say confidence is high E 52.96, SL 47.90 TP 58.62 RR 1.06

adatherton Updated 

Spikes up and retraces a lot, but not really affected by constant earnings misses. History shows it should eventually reach the Jul 2018 high, although some profit growth would be nice! Pullback due in short term.

adatherton Updated 

XLNX Quick swing for 5.73% Volume bar 20 Dec gives momo, tramline breakout, and back (with long hammer doji) to tramline, now support. Very likely to enter, and therefore fill gap. Gap is 3.2% so gives you decent RR BUY 97.65 (MARKET) SL 96.25 TP 103.25 RR 4.0

adatherton Updated 

EURJPY oversold and at tramline support BUY here 120.42 SL 120 TP 122 RR 3.64

adatherton Updated 

Gold iH&S and H2 2019 matches H1. Leads to a baseline around $1770 in 2020

adatherton Updated 

Citi (C) has just made a Golden Cross (50d SMA crossing 200d SMA). The crosses in Sep 12 and Sep 16 were followed by 75%+ increases in price, so this is primarily a Golden Cross trade. The price/action into the Sep 16 GC is very similar to that from Jan 18. Also the bullish consolidation into earnings, followed by the pullback on account of the macro market and...

adatherton Updated 

Predicts a recovery and then a second and final 12% correction to roundpoint 2600, possibly to start an inverse H&S to new highs. Also fits my 2012 comparison.

adatherton Updated 

This ETF has completed a nice 5W down, very precise 5=1, The W3 is a bit short, although there's reasonable subwave in there. Add to that the support from 2013-2015 and more recently in late 2016, which is where we are now, and if W2 is .618 and W4 is 1.0 we have a fairly neat 1.618 to finally reverse at here. Climbing back to 29 allows me to place a wide stop of...

adatherton Updated 

Starting at the August low, inverted USDJPY seems to be about a month ahead of Gold.

adatherton Updated 

Not much of a trade (RR 1.34) but high confidence.

adatherton

MCD is a safe solid stock, although oddly in XLY rather than XLP. It has missed the last four earnings, and the pullbacks from those misses are fairly mild recover quickly. Even the double whammy of a miss and loss of CEO in Q319 started to recover within days. Note in Q418, the stock only fell 11.5% against a general market decline of 20%. In this respect it is...

adatherton

DJIA in 2019 was a textbook tramline, even a pitchfork. Expect Q1 7% pullback, then a final 5-wave blowout into the election. Watch out for centreline resistance on the drop.

adatherton Updated 

Candlestick matches in dollar price action (see blue boxes) and fairly clear impulse wave structure suggest a move now to 99, and possibly further advances. Buy 98 for 99, L 97.50, 2:1

adatherton Updated 

Bitcoin is getting close to the 50% fib, which was resistance in Feb/Mar 18, and of course overbought, but it doesn't seem to care about the latter. I'd trim long positions here.

adatherton Updated 

A rather large pennant. Of course if DIS, AAPL and co make it with their streaming services, and the triangle breaks, we have a Rodrigue Bubble.

adatherton Updated 

The chart shows Fed rate decision dates, green=cuts, red=hikes, grey=holds. Three of the last four decisions were followed by big pullback (5% plus). Suggest shorting 3058 for a pullback of around 5% (1% stop).

adatherton Updated 

$GOLD ending a descending wedge. Quite tight, but you can see a completed five waves, and we are right on a 61.8% fib, or a closer 50% fib. I suggest waiting for one more touch of the 61.8% with a stop under the other one for a 7.8:1 trade. I wish they would remove that ticker GOLD it plays hell with the CFD market. I thought when Randgold was bought it would disappear.