quantguy

quantguy

We may want to consider a short on GPRO after the Piper Jaffray downgrade. Note the consolidation after a rather long downtrend. Also note the selling pressure toward yesterday's close, and the rejection of the high from 10/20.

quantguy

This coincides somewhat with the correction in the USD I just posted about about. Bloomberg reported that confidence in the Euro is increasing, hence it might be the right time to consider a long position. Note the increasing slope in lows here followed by increased buying pressure on the EURUSD.

quantguy

After the extreme rally that we saw in the USD following the FOMC minutes, a slight retracement should be anticipated. We appear to be seeing it here with this wedge breakout on the downside. Note the large vacuum area between now and yesterday. The Fibonacci's give us some nice intermediate profit targets.

quantguy

The DXY has been rallying like crazy the past few days. The higher lows indicated over the past week or so indicate a solid uptrend. The MACD and RSI illustrate that we still aren't over bought yet, so if you haven't gotten in, there still appears to be time. Profit targets can be garnered by the levels of support and Fibonacci levels anchored at the yearly...

quantguy

I'm still short TS, even though as we can see, its really ripping right now. Its basically just mirroring SPY, which is really taking off. Notice there is a strong level from three days ago that it seems to have rejected.

quantguy

It looks like the DXY has gained some momentum and this morning and has 'bounced' off the support point around 96.60. Looks like we could be due for a major retracement from yesterday's bearish momentum. Take the Fibonacci retracement illustrated to set some intermediate profit targets. A word of caution, however, that all eyes are on the FOMC minutes, so this...

quantguy

The USD looks strong this morning. Notice the nice wedge pattern forming. Although it looks like it briefly rejected that level at 0.65 or so, the higher lows indicate it still has some gas left in the tank. Also note the MACD/RSI are in the zone and OBV suggests strong buying.

quantguy

We see a nice wedge pattern forming, plus all the technicals are there. MACD/RSI are in the 'sweet spot' and the On Balance Volume suggests net buying pressure. Looks like a great breakout waiting to happen.

quantguy

We see a nice wedge-ish pattern forming and we've already seen it break past 113.68, the level of resistance from back in August. The indicators suggest its a touch overbought (intraday), but the On Balance Volume indicator suggests there is a ton of buying pressure behind it.

quantguy

As the price of oil falls, we expect Oil ETF's to fall in line with it. Note this chart pattern indicates a breakout imminent either way. The Fibonacci levels give some intermediate profit targets before the point of support around $30.

quantguy

Bad news for oil when the Dallas Federal Reserve Bank announced that the manufacturing index fell for the 10th month in a row to -12.7. There was another sharp decline in September, so expectations were a modest increase. Note in the chart pattern there is plenty of room to collapse before we hit the support point of $38.34. The Fibonacci levels give some...

quantguy

Nice bullish flag pattern for Gold. We have a very strong uptrend which has consolidated nicely. It looks like a breakout may be imminent. In fact, due to the tumult in the market and currencies, I am surprised we have not seen it earlier. Perhaps it will capitulate at 2PM tomorrow with the FOMC minutes.

quantguy

Tenaris looks like it still has some room to fall. Note the nice level we are forming at around $25.32. But we have a series of lower highs, indicating it cant quite cut it. Looks like smooth sailing to that Fibonacci level around $24.80. Looks like a good profit target.

quantguy

I was underwater in my long position on DIS for a bit, but I figured it was a brief retracement. Today proved me right with a solid open drive up day type. If it can test that high around $114, I'll sell half my position, and let the other half ride out to $130.

quantguy

From low interest rates to more quantitative easing all over the globe from Europe to China to Brazil, fundamentals really boosted SPX last week. It absolutely crushed the upper levels, set by both the relative highs and by Fibonacci analysis. Monday, RBA minutes come out, and assuming they are dovish (which they have no reason not to be), we can expect SPX to...

quantguy

JPYUSD had been consolidating nicely in a pennant type pattern. Two days ago, we saw a nice breakout. Is it too late to get in on this? Check out the levels. Currently, we appear to be in a vacuum area, with the nearest point of support from below on August 28th. After that, we have to reach back to August 12th. Further, as shown in the attached link, the...

quantguy

Nice pennant formation, plus the MACD and RSI are still in the 'sweet spot'. We saw a breakout on the downside due to ECB rate and QE news (Thanks Draghi!). The good news is it looks like there is still room to fall, with nice levels for profit targets which seem to coincide perfectly with the Fibonacci levels anchored in April and June.

quantguy

I love the wedge breakout. This is a classic example. Nice rally before the wedge (not quite a flag pattern, but same idea), then some consolidation to the classic wedge pattern outlined, then boom! Breakout on the upside. Of course, China cutting interest rates definitely had an impact on this, the markets reacted all across the board.