Please Register/Login to view the complete edition of Today’s Top 10 Trades. Euro Philadelphia Index Weekly The Euro index staged a nice bounce yesterday, and on the weekly chart below, is the closest it has been in the last few weeks to forming a tradable bottom. Although a small gap exists between the current priceRead More
Tag: SI_F
S&P500 (ES), Nasdaq100 (NQ) Breaking Upchannel Support (Late October-Yesterday)
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 theRead More
Corn (ZC), Soybean (ZS) Nearing End of Month-Long Consolidation
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 HeadRead More
USDX (DX) Sits Above 4yr Upchannel Resistance Ahead of NFP
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index saw a bit of whipsaw action yesterday, disappointing Euro bears who were hoping that the ECB would announce the introduction of its version of QE. The Euro index appears to continue forming a tradable bottom with the weekly RSI and StochasticsRead More
GBPUSD, EURUSD on Hold Ahead of BOE/ECB Announcements
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits the BOE rate announcement today at 7am EST and the US UnemploymentRead More
Busy News Day for GBPUSD
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits a slew of news today, beginning with the UK Services PMI atRead More
Rejection of USDX at Channel Resistance Triggers Sharp Reversal in Silver (SI)
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 reversalRead More
Swiss Vote Rocks Silver (SI)/Gold (GC), Firms EURCHF
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX took longer than I expected to form a tradable bottom, but with US Thanksgiving last Thursday, and more importantly Black Friday the following day, I should’ve realized that there’d be a bit more upwards momentum on US equities going into theRead More
Expect Volatility on EURCHF/Gold/Silver Following Swiss Referendum
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly As the Euro index chart hasn’t refreshed since yesterday due to the US Thanksgiving holiday, the following notes for the Euro index are unchanged from yesterday’s. Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks ofRead More
Increasing Expectations for No Vote on Nov 30 Swiss Referendum
EURCHF Weekly/Daily/4hr/Hourly The EURCHF shuffled sideways yesterday, consolidating the recent lift from the 1.201 support. Some speculate that the SNB intervened last week, reinforcing the bounce from the poll ahead of the Swiss gold referendum. Either way, the EURCHF remains only 27pips (as of the time of this writing) from the key 1.2 level whichRead More