jonasopdahl

jonasopdahl

Although stocks could have one more push higher it looks to be completing the range breakout from the "double bottom" and coming into resistance. If the 20 and 50 EMA cross over again, we're looking at fading momentum to the upside. 17,600+ is a good place for a fade. If it works, great. But if we get a EMA crossover in the coming weeks the momentum to the...

jonasopdahl

Although the price action on the Daily chart doesn't suggest it at this point, DAX looks to be a good buy here for a strong bounce higher.

jonasopdahl

Although I am bearish stocks, the evidence for a repeat of September-November is there. No point in chasing price lower at this point. IF price moves up to 2,100 the coming weeks and you're holding a long position, I'd be very cautious.

jonasopdahl

Low risk short. 1.50 to 1.55 appears to be a tough resistance zone to break. If oil rebounds this pair could see significant downside in 2016.

jonasopdahl

Wall Street doesn't see much downside risk in stocks. Well, we might get a 2.5% intraday meltdown on the first trading day in 2016 but that's just how the game goes. Right? The probability of investing in stocks in 2016 hoping for a 20%, 50% or 100% return in the next 2-12 years is close to zero. If you wanted to invest in stocks you should have done it when...

jonasopdahl Updated 

DAX reacted to trendline resistance and is currently overbought on the hourly. CCI crossover Targeting .618 fib level.

jonasopdahl Updated 

After a severe decline I think DAX is about to make a short term move higher this week. ENTRY : 10,600 STOP : below 10,550 TARGET: 11,000

jonasopdahl

1.37 is the place to look for a entry with a 50 pip stop.

jonasopdahl Updated 

Waiting for the Daily close or intraday 4 Hour close can be helpful in executing a trade with higher confidence.

jonasopdahl

After a massive run the past weeks, DAX turned at two interesting levels: Previous broken support now acting as resistance and the median line of the pitchfork from the lows. Pure reversal setup.

jonasopdahl

With an impressive 8% rally in as many days, stocks look stretched to the upside at this point. CCI will provide a sell signal (below 100) if price moves lower from current levels. Targets would be 1,950 - 1,880 over a few days to a few weeks. I don't think this will result in a "crash" just yet. A push lower from current levels, to a "new" high at around 2,050...

jonasopdahl

Risk to Reward. RSI oversold.

jonasopdahl

The interesting theme of the week is the moves we've seen in the stock market. Chinese stock markets closed on Thursday, for the weekend, due to the military parade. Today we've seen a 4% intraday drop in the Nikkei. This might be due to the fact people don't want to hold long equity exposure over the weekend. Is this a precursor to what we're going to see on...

jonasopdahl

Technical short with a $38 target or a new low. The move up was most likely short covering and the downtrend can resume. A tight stop offers a decent risk to reward ratio.

jonasopdahl

NZDUSD looks like it's in the process of making a medium term bottom. Price is edging above the 20 Day EMA. On Balance volume is starting to point up. If you are bearish USD, USDNZD might have significant upside.

jonasopdahl

Following the trend.

jonasopdahl

There's definitely some interesting similarities between the years leading up to the last BIG dollar bull run and what we're currently seeing in the Dollar. Even the dynamics and percentage in the initial run from the low in 1978 to the low we saw in 2008 are quite similar. 17 years went by from the top in 1985 to the top in 2002. If the same thing were to...

jonasopdahl

I closed out my short position at breakeven after reassessing what I saw. I definitely think this will be a great short, but not yet. Aussie might be one of the better longs vs the US Dollar and that will push AUDJPY higher (I don't think USDJPY will fall as much as AUDUSD will go higher). I also believe US equities will eventually fall sharply. If AUDJPY will get...