jonesrj

jonesrj

Expect price pullback over the next year+ timeframe.

jonesrj

A clear pattern is showing -- at least for the two previous recessions -- when looking at the 3-month yield on monthly chart. The long stochastic has given strong indication twice before and is signaling imminent recession again. We'll see how it plays out, but I am more convinced than ever recession is very near and may have already begun.

jonesrj

Expect oil to test broken trendline resistance and fail around $72. Can short from there to convergence of lower trendline support and price structure around $60. Longer term it looks like oil is heading for a trading range.

jonesrj

Spread is currently at 30 basis points, the lowest it has been since 2005 and 1999. Both times a major recession followed. Exact timing for the bottoming of the yield spread and the S&P500 peak can vary. A recession is on the way, but until the yield spread bottoms, it will pay to stay long the market.

jonesrj

Sold USDJPY at 110.50 with a 30 pip stop loss and target profit of 240 pips. 110.50 looks like a strong resistance level. Stochastic crossover on 1h chart confirms bearish price action.

jonesrj

Expect a drop in T Mobile.

jonesrj

MCD short setup is working nicely. Sell the pullbacks.

jonesrj

Long the USD in the 96.50 to 95.50 range on bullish action.

jonesrj

First profit level is near $51.25 and next is near $53.70. Stop loss near $46.25. Enter on small timeframe price action.

jonesrj

I am looking for oil to pull back to near $50, looking for a short entry near $53.

jonesrj

Buy the breakout above $135.

jonesrj

Copper looks to be near a nice entry point with two pretty clear upside targets near $2.90 and $3.25

jonesrj

IWM is currently stuck in a trading range 133.50 to 138. A close below 133 would likely be followed by a move lower to support at 130 in the short term. A close above the range would indicate another leg up.

jonesrj

The dollar is very near a key support level which was tested and held in December.

jonesrj Updated 

A period of consolidation after the trend reversal in March 2016 is ready for a breakout. Current view is neutral on oil but a breakout is coming soon and could lead to trading opportunities.

jonesrj

The long term view of JPM seems like it is poised for a short. I don't have the guts to put on a big short here, but I'm not buying yet either. Economic policy expectations seems to favor accelerated interest rate increases which should be a positive for banks.

jonesrj

IBB has traded into a potential reversal zone and I am watching the 1h chart for reversal candles somewhere between 270 and 264. I will be ready to take a long position then.

jonesrj

AAPL broke the uptrend support, then failed the retest.