I’ve updated the monthly charts that appear on the main homepage, to feature 8 monthly charts that warrant attention. These long-term charts will provide added perspective to many of the setups featured in the daily newsletter. At times, the monthly chart analysis will be at odds with the weekly chart analysis, and should be respectedRead More
Tag: CT_F
Caution Ahead of NFP (Non Farm Payrolls)
There aren’t any high probability trades on my watchlist today ahead of NFP (Non Farm Payrolls). NFP releases at 830am EST, and the trading range of most markets will be relatively tight up until the announcement. Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly Post NFP, CT could be worth considering on the long side as it sitsRead More
VIX (VIX) Basing, S&P500 (ES), Nasdaq100 (NQ) Toppish
VIX (CFE VX Nov14) Weekly/Daily/4hr/Hourly The VIX is basing nicely now in the key 15-16 support zone, and is beginning to see some upward momentum in the 4hr and daily charts. Although the weekly chart shows the VIX having broken beneath upchannel support, this break may be a false one, as there hasn’t been muchRead More
Natural Gas Gaps Up Almost 4% With Today’s Open
A number of commodities and FX pairs continued feeling the aftermath of the FOMC-induced USD strength Friday, with silver, gold, WTI Crude, AUDUSD, EURUSD and GBPUSD being among notable casualties. Natural Gas was flattish, while others like Arabica Coffee edged closer towards a tradable bottom. The US equity markets are now above the highs ofRead More
Time to Bargain Hunt after Silver Plunge?
Commodities exhibited a mixed performance yesterday, with some watchlist markets like Natural Gas forging ahead on a new uptrend, while others like Arabica Coffee inched closer towards a tradable bottom. Silver was the worst performer of the day among all of my watchlist markets with it plunging to what appears to be a descending wedgeRead More
Natural Gas (NG) Breaking Downtrend, WTI Crude (CL) Still Bottoming
The FOMC didn’t fail to disappoint those long volatility going into the announcement, and created ample opportunities around many of the markets highlighted yesterday to either intiate new positions, add to existing ones, or to reposition. Watch out for US GDP (quarter over quarter) and unemployment figures today at 830am EST as well as JanetRead More
Sit Tight and Await 2pm EST FOMC
Best to be cautious ahead of today’s FOMC announcement at 2pm EST. There’ll likely be minimal market movement leading up to the FOMC, and it may pay to just take the day off trading (for those who trade intraday), and prepare for the opportunities that await post FOMC. Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT providedRead More
Durable Goods and Consumer Confidence #s Today at 830 and 10am EST
Today’s market moving data (US Durable Goods and Consumer Confidence #s) will be released at 830 and 10pm EST respectively. There’ll likely be enough market movement leading up to the data releases and just after to make a few intraday trades as well as to reposition ahead of the very important FOMC tomorrow. Those moreRead More
Trading Range Tightening on All Markets Ahead of FOMC
This week’s big news event will be the FOMC on Wednesday with the expectation that the Fed’s QE finally coming to an end. Given that US corporate earnings have largely been better than expected, it is highly unlikely that the Fed change its mind on ending QE this month as had previously been suggested. EitherRead More
GBPUSD About to Resume Upside
British Pound Philadelphia Index Weekly The British Pound index continues bottoming on the weekly chart, and should be close to resuming its upside after several days of consolidating. The MACD black line continues moderating in its negative slope, while the RSI and Stochastics climb slowly out of oversold territory. Let’s take a look at theRead More