Although I missed shorting Netflix (NFLX) and Tesla (TSLA) these last few weeks, focusing on trading commodities and the equity indices and VIX, I thought it’d be worth profiling the similarity in the NFLX weekly chart analyses I shared on Tradingview.com a month back (https://www.tradingview.com/v/UjIECDyz) to TSLA’s (https://www.tradingview.com/v/A9hUXXuz) also posted a month back. Although IRead More
Tag: SB_F
Commodities at Various Stages of Consolidation Before Resuming Rally
Raw Sugar (ICE SB Mar15) Weekly/Daily/4hr/Hourly SB has completed its basing these last few sessions following a pullback late last week, and is now resuming its march higher. On the daily chart, SB appears to want to target the upchannel resistance at roughly .175. On the 4hr chart, the ascending wedge drawn suggests upside mayRead More
Gold (GC), Silver (SI) Weekly/Daily/4hr Charts Bullishly Align
Gold (CME GC Dec14) Weekly/Daily/4hr/Hourly GC has made a nice bounce this week off of downchannel support (as seen in the daily chart) and is now at the same channel’s resistance. On the weekly chart, you can also see GC having successfully bounced off of major support from its Dec/Jan lows. Bullishly, the weekly, dailyRead More
Commodities Taking Breather Before Resuming Upside
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT pushed further up yesterday, but may tire today following signficant gains over the last few sessions. It now sits near the middle of a channel just under an ascending support turned resistance line (as seen in the daily chart). Although CT’s weekly RSI, Stochastics and MACD are all turningRead More
Commodity Laggards Silver (SI), Gold (GC) Bottoming
Although I feel silver (CME SI Dec14) and gold (CME GC Dec14) are bottoming, I haven’t profiled their charts in today’s list as I still feel their trade setups offer slightly less favourable risk:reward versus my trade ideas presented below. As usual, I try listing as many tradable setups (which I consider trading during theRead More
Corn (ZC), Wheat (ZW) Weekly/Daily/4hr Charts Bullishly Aligning
Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly ZC is at the end of a descending wedge now (see weekly chart), and its weekly, daily and 4hr RSI, Stochastics and MACD are all sloping up and pointing bullishly. On the 4hr chart, ZC has broken above a descending channel resistance line, and next resistance is only slightly aboveRead More
Cotton (CT) Ready to Rebound
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT saw a bit of hestitation yesterday after Wednesday’s minor bounce, giving up most of the prior day’s gains. The pullback has been shortlived though, as at the time of this writing (early in the Asian session), CT is moving up again and continues exhibiting bottoming characteristics on its weeklyRead More
EURUSD Bottoming, USDJPY Topping
Euro Philadelphia Index Weekly The Euro index can be seen probing a major horizontal support line as seen in my weekly chart below. I originally drew this support line slightly higher (as seen in the chart images used for the Euro index in the last few days), so it appeared as if major support wasRead More
Arabica Coffee (KC) Upward Momentum Increasing
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly KC added to its rally yesterday, and still looks bullish on its weekly RSI and Stochastics, fueling its march towards triangle resistance (as seen on the weekly chart). Although the daily Stochastics is showing initial signs of tiring, with the weekly MACD not quite having crossed positively yet, IRead More