…ry figures was a lower high than last week’s (as seen in the daily chart). BUXL (Eurex GBX Continuous Front Month) Weekly GBX continued stabilizing yesterday, rallying a bit off of bottoming daily momentum indicators. The longer term view provided by the weekly chart remains bearish though with the RSI and Stochastics still sloping steeply down, and the weekly MACD signal line about to cross negatively in the next few sessions suggesting more bear…
…he weekly RSI, Stochastics and MACD continue looking increasingly bullish. BUXL (Eurex GBX Continuous Front Month) Weekly Bargain hunters and short-term traders continued stabilizing GBX yesterday, pushing it up slightly. The longer term view provided by the weekly chart remains bearish though with the weekly MACD signal line crossing negatively. The weekly RSI and Stochastics appear to be digesting recent losses before resuming the next leg down….
…ng to bottom, I’ve decided to go long at .655 with initial target at .665. BUXL (Eurex GBX Continuous Front Month) Weekly GBX resumed its downward pressure yesterday after a few days of consolidation. The weekly MACD signal line is now crossing negatively, with the weekly RSI and Stochastics still sloping down. Let’s take a look at the daily chart below to see how the multiday consolidation pattern may be morphing into a resumption in the longer t…
…Weekly/Daily/4hr/Hourly Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly Buxl (Eurex GBX Dec14) Weekly Buxl (Eurex GBX Dec14) Daily Although I feel the Nasdaq100 (CME NQ Dec14), S&P500 (CME ES Dec14), TSLA and the USDJPY continue forming major tops, and the VIX (CFE VX Oct14) a major bottom, I haven’t profiled their charts in today’s list as their daily and 4hr charts currently suggest less favourable risk:reward today versus my trade ideas pres…
…ec14) Weekly/Daily/4hr/Hourly Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly Buxl (Eurex GBX Dec14) Weekly Buxl (Eurex GBX Dec14) Daily Although I feel the Nasdaq100 (CME NQ Dec14) and S&P500 (CME ES Dec14) are forming major tops, and the VIX (CFE VX Oct14) a major bottom, I haven’t profiled their charts in today’s list as their daily and 4hr charts currently suggest slightly less favourable risk:reward today versus my trade ideas presented above. A…
…ulls though given the weekly MACD green line which continues sloping down. Buxl (Eurex GBX Dec14) Weekly The GBX formed a significant Gravestone reversal weekly candlestick last week (at an all-time high). The current week’s candle along with the negative RSI/Stochastics/MACD-price divergence and the downwards turning RSI, Stochastics and MACD all reinforce my strongly bearish tilt. Let’s view the daily chart for an analysis of today’s upcoming ac…
…ndex Weekly Yen Philadelphia Index Weekly USD/JPY Weekly/Daily/4hr/Hourly Euro Philadelphia Index Weekly EUR/USD Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBP/USD Weekly/Daily/4hr/Hourly BUXL (Eurex GBX Continuous Front Month) Weekly BUXL (Eurex GBX Continuous Front Month) Daily I’ll profile Wheat, Silver and Gold again when a trade setup nears. Newsletter Guide Trading Rules…
…USD/JPY Weekly/Daily/4hr/Hourly EURCHF Weekly/Daily/4hr/Hourly USDX – US Dollar Index Weekly Euro Philadelphia Index Weekly EUR/USD Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBP/USD Weekly/Daily/4hr/Hourly BUXL (Eurex GBX Continuous Front Month) Weekly BUXL (Eurex GBX Continuous Front Month) Daily Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly I’ll profile Silver and Gold again when a trade setup nears. Newsletter Guide Tradin…
…is one out as I have in the last few weeks. Nothing new to report with the BUXL (Eurex GBX Sep14) short idea. As mentioned, it probably wants to target its all time high made in April 2012. Until it appears it no longer has the upside momentum to hit the previous all time peak, I’ll remain flat GBX. Netflix (NFLX) is approaching levels interesting for a short, but the charts still suggest some upside. I will start watching NFLX closer when it appe…
…will hold off on trading SI on the long side until post Jackson Hole. The BUXL (Eurex GBX Sep14) is going to be a bit off my radar until it hits its all-time April 2012 high. I will then watch for its weekly MACD to stop rising and begin falling, and for its weekly RSI and Stochastics to begin rolling over. Note the daily reshuffling of the charts below. As mentioned, they’re ordered by how favourable the risk:reward of the trade idea appears bas…
