quantguy

quantguy

CHFJPY looks like a nice shorting opportunity. Notice the consolidation of price action around 122.729. There is massive resistance from with the Ichimoku cloud on the 15 minute chart and especially the 30 minute Ichimoku chart. For profit targets, consider the Fibonacci levels which line up nicely with the level at 122.676 or the level at 122.615. For a stop...

quantguy

The attached article sites how European investment banks are losing footing against their American cohorts. Technically, we see the price action narrowing in on the 21.30 area, looking to break out. The Ichimoku cloud indicates massive resistance from above and it does not appear that EUFN has enough momentum. The RSI/MACD combination implies this is an optimal...

quantguy

After a USDA report Thursday came out indicating lower levels of exportation for soy and corn, grains prices suffered. Additionally, crops from Brazil are expected to be abundant due to lots of rain. Further, the rising strength of the dollar has had a further negative impact. On the technical end, we see a bearish ABCD pattern as well as decreased buying...

quantguy

AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however. Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...

quantguy

Twitter has underperformed for quite some time, but this really came to a head on 10/21 with the Morgan Stanley downgrade. Next, we see more bad news for them, with the CEO coming under fire for reducing staff. The technicals show significantly reduced buying pressure via the OBV indicator as well as some resistance from above by the Ichimoku cloud. The price...

quantguy

Various factors from fundamentals to technicals indicate that wheat might be a good candidate for a long position. First, the latter part of October had enough momentum to punch through the resistance indicated by the Ichimoku cloud. Next, we see consecutively higher lows indicated by the trend lines. Finally, we note that there is a relative vacuum area from...

quantguy

Its hard to believe that BTCUSD may still have some in the tank for yet another rally, but there is a great deal of consolidation around the level formed from the heads and tails of the candles around 465. The RSI and MACD indicators both suggest that this asset is way overbought, but at the same time, the OBV indicates there is still buying pressure. Further,...

quantguy

With all the press about boots on the ground in Syria and other parts of the middle east, its not a surprise that defense contractors are doing well. Take for example DXS, the defense contractor index, which is showing solid, sustainable growth while breaking levels formed by gaps from the aftermath of Black Monday. Note gradually higher lows, while 'resting' a...

quantguy

Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...

quantguy

Entered a short position on CSX stock on 10/27. Although it appears to be retracing, note how it has failed to break the high of 10/27. Further, as you can tell by a comparison to SPY, it has failed to capitalize on the increased momentum evident in the rest of the markets. Further, the Ichimoku cloud directly above today's candle illustrates some resistance...

quantguy

In recent news, we have a relative weakening of the dollar. Couple that with the apparent 'cup and handle' patterns, and we may consider a long position on BTCUSD. Beware that although the OBV shows tremendous buying pressure, the RSI indicates that we are way overbought, so an optimal time to enter may be on a bit more of a retrace (the handle of the cup). For...

quantguy

As we can see from the chart, there's been quite a bit of consolidation over the past few days, in the short term, and since mid September in general. The big rally at the end of August constitutes the poll of a (rough) flag pattern. Note further the slightly higher lows, also indicative of an impending breakout. Next, we see that the Ichimoku cloud illustrates...

quantguy

Although slope of the lower bounds of this chart appears to be increasing, note that the slope of the line connecting the three highs at 9/07, 10/06, and 10/30 is decreasing with somewhat more conviction. The Gartley pattern further supports this assertion, and all the ratios are roughly in line. The Ichimoku indicator notes some support beginning at 1.0639, and...

quantguy

We saw a nice rally beginning on 9/30, but recently the price has failed to establish new highs. Further, we are seeing decreasing slopes on the lines connecting the highs which is usually an indication of a bearish turn around. The Ichimoku cloud indicates some support around $82.71, which coincides nicely with the level of support from the low of 8/06. A...

quantguy

There are a variety of reason why this trade looks fungible. With the holidays right around the corner, and a 'hold' rating recently reinstated by Sterne Agee CRT (see link), the fundamentals appear to be in its favor. Notice further how the bullish trend that began earlier in October keeps establishing new (relative) highs. The slopes of the line segments...

quantguy

This asset has been on a solid decline since the end of 2013, and there really isn't much to indicate a turnaround. Note the small wedge pattern forming. MT is desparetely trying to find footing, but there is a strong downtrend, and it keeps establishing new lows. The MACD crossover indicates that small attempt at a rally starting on 10/02 has taken a turn for...

quantguy

First note the consolidation of volatility after the small rally earlier in October. The indicators suggest that that bullish run has exhausted and a retracement can be expected. Note the lack of buying pressure by the OBV. To set profit targets, we can look at the Fibonacci retracement from the most recent high back on 10/23. These also coincide nicely with...

quantguy

GPS is another stock on the downgrade list. Further indicators of weakness include the fact that it failed to break the high from 10/22 or 10/28 most recently. Furthermore, the negative slope across highs is getting steeper and steeper. The big rally on 10/28 was met with a meager follow up indicating this asset is exhausted and is likely to retrace. For...