Tradable Patterns

BUXL (Eurex GBX Continuous Front Month) Weekly GBX continued pushing lower yesterday, with the the weekly RSI and Stochastics still steeply falling suggesting more downside for the balance of this week. The weekly MACD signal line is also turning lower, and should be crossing negatively in the next few sessions. Let’s take a look atRead More

BUXL (Eurex GBX Continuous Front Month) Weekly GBX resumed its downtrend yesterday on the December14 contract, while the continous front month chart seen below shows yesterday as an up day. Irrespective of which chart is used, the weekly RSI and Stochastics continuing their fall below their warning lines at 70 and 80 respectively. The weeklyRead More

Wheat (CME ZW Sep14) Weekly/Daily/4hr/Hourly/30min/5min ZW is clawing back towards the descending triangle support line seen in the daily chart. On the 4hr chart, this support turned resistance line is just above current levels. I will wait for a break back above this resistance line before looking for a long setup. The weekly and dailyRead More

BUXL (Eurex GBX Sep14) Weekly After four days of falling, the GBX short idea still has legs. The weekly RSI and Stochastics are now crossing below their warning lines at 70 and 80 respectively. The weekly MACD signal line is also turning lower, with the weekly MACD histogram now falling for the first time followingRead More

BUXL (Eurex GBX Sep14) Weekly The GBX continued its slide yesterday, with its current weekly candle now bearishly engulfing last week’s final attempt at an all-time high. With the bearish engulfing in full swing, it’d now be fairly conservative to say that a double top has been confirmed. The weekly RSI and Stochastics are alsoRead More

BUXL (Eurex GBX Sep14) Weekly The GBX fell quicker yesterday than I expected, and should increasingly attract shorts now that its weekly RSI and Stochastics are rolling over towards their warning lines at 70 and 80 respectively. The weekly MACD signal line can also be seen as flattening soon, with the weekly MACD histogram nowRead More

Today’s session will be relatively subdued with the US/Canada Labour Day holiday trading hours in effect for select CME markets. Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min KC was closed yesterday so today’s notes are a repeat of yesterday’s. KC is in the late stages of completing its pennant as seen in the 4hr chart. TheRead More

Today’s session will be relatively subdued with the US Labour Day holiday trading hours in effect. ICE markets are entirely closed today. ICE 2014 Holidays Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly/30min/5min SI continued selling off on profittaking Friday following its surge Thursday, and is increasingly well positioned for a follow through on last week’s rally attempts.Read More

Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly/30min/5min SI has moved up to the top of my list today, given its strong warnings to the upside as made by the spikes up (albeit shortlived) these last 2 days. In the Asian session, it has currently retraced a fair amount of yesterday’s surge, but forming a higher low versusRead More

Netflix (NFLX) Weekly/Daily/4hr/Hourly/30min/5min NFLX’s slide yesterday puts it back into the spotlight, as it can be seen breaking below an uptrend support line drawn in my 4hr chart. Significantly, on the daily, you can see as well how the RSI and Stochastics are both turning down. The lagging daily MACD is also close to aRead More