iamajeya

iamajeya

A conceptual idea

iamajeya

A key consideration usually in any Asset is the correlations. Precious metals - XAUUSD (gold) / SILVER have a perfect inverse correlation to the dollar index. I will leave it on the reader to plot it. HINT: Plot XAUUSD and COMPARE with (1/DXY). It's difficult (with all the Fake News) to decipher if Gold will have great demand going further or not. Commodities...

iamajeya

Summer doldrums are here. We seem to be getting into Wave 5 of Wave 5 of Wave 5 (Primary, Intermediate, Minor). My guess is that 5 of 5 of 5 are usually truncated, market stalls for a while till EMA 13 crosses under 34 and then races to either wave 4 bottom of same degree (last year bottom) or in case of previous extended impulse wave (which we had), it can dive...

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Everything is on the chart

iamajeya Updated 

We seem to be in a triangle wave, so we are looking at gold 0.83% touching support line (Purple line) and then bouncing to the top resistance (Red line). There is always a possibility that Gold 0.83% gets Trumped and heads upto resistance line, however that looks unlikely technically since we have a double top at 1220. Trade 1 -> Entry: 1204, TP: 1146, SL: 1222...

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My previous target was 2388 (in between 0.5 and 0.618 extension of wave 3-4). I now believe the market will show bullish moves unto 2450 before setting in for a reversal in the second half of 2017. The extreme target for this bullish move can extend to 2567 which is measured move of wave 1 and also 2.414 extension of previous cycle. Historically SPX has failed...

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SPX vs Major Sectors. I added IBB to cover Biotech. Please comment. My understanding at this point is to stay in sectors which have good fundamentals and have been relative laggards. The 3 bottom ones at this point seem to be Financials, Technology and XLU / XLP. Since utilities is a risk-averse sector, so in a pro-growth environment I may want to go with the...

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IBB is at multi-year cross roads. Ideal for straddles / strangles. A dropping RSI points to a weekly downtrend. Both trade ideas are plotted. From a fundamental perspective, I believe @realdonaldtrump is right, biotech is getting away with murder. I get one of my meds from overseas because it's 1/182 the cost. Yes, you read it right. It costs me $1 there...

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Oil Traditionally goes up in February due to expectations of refinery buying. Because of the untimely rise it took in November, it's rise maybe delayed / stalled a bit as there seems to be a lot of selling pressure. Magic words to any producer is to hedge output at 55 for this year. There's going to be a lot of uncertainty due to a new government and that can...

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On the chart

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Trade plan on sheet

iamajeya

ADX is crossing it's EMA, this is usually a sign that it's ready to move. Historically AMZN has always gone down at the start of the year. I will put a stop above 793. And possibly wait for a Divergence on 240 to make this trade. PPO divergence is showing a Buy signal, but Williams Vix fix is not agreeing with it.

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WMT, haggle around at this level till 19th January (20th option expiration). Then up to 70.87 by Feb 6th, and then possibly a strong bear move lasting till end March.

iamajeya

FB should may a minor retracement off the triangle bottom. RSI at that point may dictate the next move.

iamajeya

A crash is imminent as per what one can see in this chart. Also it may be BRUTAL based on ACC/DIST. As you can see, it's gone up STEEPLY which the market has been in the same place - i.e. Fed has been buying at a steep pace. Why fed? Because BlackRock and quite a few other bankers say that 60% or more of their client portfolios are in CASH. We know that JPN...

iamajeya

Given US Fed is starting to raise rates, and the Canadian economy is at a point that it's looking at lower for longer. I believe we will see wave 3 and wave 5. However since wave 1 was an extended wave, I believe we will see 1.64 on the top within the next 2 years till finally Oil completely bottoms out and cracks in US Bonds start showing up.

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A strong reversal is possible for QQQ. As we all know these companies enjoy very high PEs and in some cases they are just loss producing entities. The reason they are alive and thriving is the "bigger fool theory". But even a mild recession can start a domino effect. I believe what we have here are classic makings of a wolfe wave reversal pattern. Since (4)...

iamajeya Updated 

I like the product of this company. However, the charts don't lie and history repeats itself. Comments on chart.