Trend break to the downside and forming a bear flag instead of a retest of previous support. Monthly lower high set. Bearish crossover on the MACD. And rolling blackouts across the nation as a massive freezing snowstorm forces people to use heaters indoors. Short.
I spy a breakout and a retest, an inverse head and shoulders, and a new high on the RSI. Where do we go from here? I say the target is about 23% higher at $30. This of course hinges on oil strength and dollar weakness, as is always the case with NOKUSD.
I noticed this stock getting mentioned in a few different places online, it's been on my radar anyway as one of the very few pure platinum mining stocks. This intense coiling pressure in the price is getting pushed in between trendlines, moving averages, and supply / demand zones... I'm assuming it will resolve to the upside in a big squeeze, but the opposite can...
I've mapped out the trajectory of this copper mine developer stock-- upside could be an additional 30%.
We all have been hearing about the great European floating natural gas trade of the Winter of 2022. Politicians, pundits, intellectuals, academics, influencers... everyone has something to say about it. Well, you know what they say: if everyone is talking about a trade, the opposite might occur. A number of catalysts have reversed people's expectations. European...
Emerging markets have made some terrific gains in the past month, but I would caution with the path ahead. Take a look at the past year's performance of the Hang Seng, KOSPI, IBOVESPA. I've included a chart of the Tadawul, the Saudi stock index, which is significantly weighted in EEM, the emerging market ETF. These are not healthy charts, and rallies provide...
I've been watching Buenos Aires based bank stock BBAR for a while now, ever since I noticed that it was the Argentinian ADR with the closest correlation to the Merval. I noticed it coiling up for some event that I wasn't paying too much attention to (the World Cup-- please, don't judge, I'm an American) and ever since Messi scored those goals Argentinian stocks...
I traded this ASX name on the OTC at its 3x breakout last year and I've kept my eye on it as it has floated slowly back down to the breakout zone. Notice the patterns in the Relative Strength Index before it broke out, and notice what it is doing now-- easing and curving up. The ASX stock has bounced hard on support, so there is some arbitrage between the OTC and...
I'm reversing on my previous TA thesis with this O&G royalty name, which I said was retesting the neckline of a head and shoulders breakdown. Instead, I now see a falling wedge bouncing off the 100 Daily Moving Average and retesting a demand zone. There is some positive momentum on the Relative Strength Index, leading me to think that the breakout from the wedge...
Various technical indicators are pointing towards an upward move. Fundementals as well, with a proliferation of bullish news catalysts in the nuclear/uranium sector. $LEU's low float causes it to quickly go up multiple times over when on a bull run. But it's a bucking bronco... will check back in. Trade safe.
Inverse Head & Shoulders on UltraShort Utilities. There is a daily H&S on XLU, but look at SDP on the weekly. First time --EVER-- that you can find a bullish reversal pattern on SDP. Fewer people buying / building homes + higher energy prices. We are entering an era of being short utilities, regardless of the market defensiveness that they represent.
Monthly bull flag, just breaking above monthly 50 EMA which acted as resistence since 2014. We will confirm a continuation of the monthly uptrend if we close above $317. When this breaks, we will enter an air pocket in the volume profile between $300 until $475. The price will move back to 2018 levels very quickly. I'm trading this via ONG (2x Bull Oil Services ETN).
BPT has had a wonderful run this year, but a fundamental catalyst will result in an abrupt breakdown from the larger Head and Shoulders, triggering with a break underneath the smaller Head and Shoulders at $11.50. That H&S, formed after rejecting from the 125 Exponential Moving Average, is the little pilot for the larger rocket ship pointing downward. As you can...
Sibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its...
$JJT is the main instrument on the stock market for trading tin prices; which are based on LME tin contracts; which in turn are based on Shanghai Metals Exchange contracts. Tin prices will continuously increase as Chinese electronics manufacturing ramp up-- $JJT is a China reopening play. Technical indicators are instructing caution as we enter a key supply zone....
Meet Kevin, that Youtube landlord influencer, that 4ft tall Cathie Wood wannabe, has made an ETF for you to buy. Just in time for the market bottom, right? 30% of the ETF's weighting is AAPL and TSLA. Another 10% is shorting the USD. What is this? You want a call option on China supply chains? I see only downside to this one. Note the double top: I say we never...
ENOR is a more liquid equivalent to NORW-- there is enough volume to trade it hour-by-hour rather than day-by-day. I was curious why neither ETF followed the Oslo Boers exactly and... apparently the arbitrage is from its correlation to the currency pairing NOKUSD. So really Norway ETFs' strength comes from oil strength and DXY weakeness, both of which aren't...
$XES is an oil services ETF that is equally weighted with small caps as well as large caps (unlike $OIH, which is overweight in large caps). Thus the head and shoulders breakdown may provide a laggard short.