…ls should take caution with the weekly MACD green line still sloping down. EURCHF Weekly/Daily/4hr/Hourly The EURCHF is fast approaching the descending wedge resistance line in the weekly chart, along with the horizontal resistance line drawn in the daily chart. With near-term upside limited, fatigue is setting in as seen with the 4hr chart’s downward sloping Stochastics and MACD. Fueling bulls is the increasing momentum seen on the weekly RSI, St…
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly VX staged a decent rally yesterday, bouncing off descending wedge support as seen on the daily chart, and coming to within a whisker of the July/September lows at roughly 15. This resistance level coincides with the downchannel in the 4hr chart and the daily chart’s descending wedge falling resistance line. Weekly and daily RSI/Stochastics have t…
…ly after the SNB made their surprise announcement on no longer holding the EURCHF 1.2 level that they had vowed to defend over the last 4 years. The ES is now beneath the steep uptrend support line (on the weekly chart) and another uptrend support line (on the daily chart). Weekly, daily and 4hr RSI, Stochastics and MACD are mostly sloping down, and suggest more bearish pressure today. The December low may possibly provide a bit of an initial boun…
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Silver (CME SI Mar15) Weekly/Daily/4hr/Hourly SI rallied nicely on Friday, bouncing off the upchannel support (in the daily chart) and is now approaching a downchannel resistance line (in the 4hr chart). On the weekly chart, SI appears in the middle of a downchannel, exposing substantial potential upside as well as downside. Momentum-wise, SI is looking fairly bullish wi…
…Daily/4hr/Hourly S&P500 (CME ES Dec14) Weekly/Daily/4hr/Hourly USDX Weekly EURCHF, GBPUSD, Buxl, Silver and Gold are all looking increasingly interesting but I won’t have time to cover them as I’m trying to limit the number of markets covered to the symbols I can cram into my daily tweet (on Stocktwits.com/Twitter.com). Once one of these markets provides a better risk:reward trade setup, I’ll bump off one of the markets profiled above. Newsletter…
…Weekly/Daily/4hr/Hourly Natural Gas (CME NG Dec14) Weekly/Daily/4hr/Hourly EURCHF Weekly/Daily/4hr/Hourly Gold (CME GC Dec14) Weekly/Daily/4hr/Hourly AUDUSD Weekly/Daily/4hr/Hourly Cotton (ICE CT Mar15) Weekly/Daily/4hr/Hourly As usual, I try listing as many tradable setups (which I consider trading during the day or week) along with ongoing momentum plays that I can squeeze into one tweet. See my Stocktwits.com profile for a list of my tweets and…
Please Register/Login to view today’s complete Newsletter. Corn (CME ZC Mar15) Weekly/Daily/4hr/Hourly After over a month of consolidation following a strong rally off of a major bottom, ZC is back on my daily watchlist as it appears close to breaking out of its consolidation and resuming its rally. In the weekly chart, an Inverse Head and Shoulders is now on its way to completion, with ZC at the neckline (between 395 and 400). The daily chart re…
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX powered ahead higher yesterday, pulling up its momentum indicators across the key weekly and daily charts. The current weekly candle bullishly sits almost completely above the highest end of the trading range of last week’s Hammer, creating a bullish Island reversal pattern so far this week. Interestingly for short-term US equity bears/VX…
…Gas (CME NG Dec14) Weekly/Daily/4hr/Hourly AUDUSD Weekly/Daily/4hr/Hourly EURCHF Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBPUSD Weekly/Daily/4hr/Hourly Cotton (ICE CT Mar15) Weekly/Daily/4hr/Hourly As usual, I try listing as many tradable setups (which I consider trading during the day or week) along with ongoing momentum plays that I can squeeze into one tweet. See my Stocktwits.com profile for a list of my tweets and you…
…Gas (CME NG Dec14) Weekly/Daily/4hr/Hourly AUDUSD Weekly/Daily/4hr/Hourly EURCHF Weekly/Daily/4hr/Hourly Gold (CME GC Dec14) Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBPUSD Weekly/Daily/4hr/Hourly As usual, I try listing as many tradable setups (which I consider trading during the day or week) along with ongoing momentum plays that I can squeeze into one tweet. See my Stocktwits.com profile for a list of my tweets and you’l…
