Natural Gas has been on a strong bullish move. We could be nearing the half way point of a channel. If we near the upper limit of a channel I will look to sell and enter for a short-term counter trend trade. Underlying Positions UGAZ - Bullish Trend DGAZ - Counter Trend Fibonacci Extension Recent High Jan. 26 to Recent Low Feb. 22 1.272 Extension TGT $3.726
Looking at recent high-to-low and extending using simple 1.272 and 1.618 Fibonacci extensions. Common trade plan we see successful traders such as Fib Queen utilize. First Target $1282 Stop Set 1244 Time May 3 Second Target $1306 Stop Set 1276 Time May 11
EMA The EMA is very popular in virtual currency trading (BTC/USD).Exponential moving average (EMA) differs from a simple moving average (SMA) by a weighted average being given to recent price data. The EMA reacts much more quickly to recent price changes than the SMA does. Trend Indicator Using daily chart, traders follow the 5-13 EMA. When the 5 is above...
The first VIX, introduced by the CBOE in 1993, was a weighted measure of the implied volatility of eight S&P 100 at-the-money put and call options. Ten years later, it expanded to use options based on a broader index, the S&P 500, which allows for a more accurate view of investors' expectations on future market volatility. VIX values greater than 30 are generally...
Politics - Long-Term Deflation Risk Anti-Establishment politician and policies in Great Britain, Brexit, and United States, Trump, were big winners in 2016. The domino effect of anti-establishment is also gaining ground in the European Union. Politics is playing out in Europe this year in favor of leaving the EUROcurrency . Netherlands, Italy, France, Greece,...
Natural Gas is close. 2.70 has been the straddle line for a few years now. Above we are bullish, below we are bearish. If we do breakout, remember 2.90/3.00 had some strong resistances. We could be back to the 2.50/2.70 levels quickly with a breakout or not. North America saw one of the warmest February's on record. This will only add to the natural gas supply...
Monthly Chart 1) Momentum: falling, but above center line 2) Divergence: None / Convergence 3) Recent Trend: Down 4) Recent Candle: Feb 3/4 - Bearish Candlestick Trade : Bearish Hold Bi-Weekly Chart 1) Momentum: falling, but above center line 2) Divergence: Negative + Convergence 3) Recent Trend: Down 4) Recent Candle: Feb 3/4 - Bearish Trade :...
Twitter is beloved by the President and Celebs, but hated by analyst and the market. What is Wall Street missing? Disruptive Innovation Behind the scenes of Twitter, they are building a media empire. In the next 2-3 years are phones will broadcast all Twitter Live content via any modern display that includes a 5G SMART wireless network. It won't be long...
Everything looks good here for Natural Gas. I will be buying UGAZ here and sold my DGAZ Monday Feb. 13, 2017. Chart Positive Trend with a buying opportunity. I will continue to buy dips as I eye the trend line and MACD 0 line.
Energy/Metals should see volatile action next few weeks. Stronger US Dollar would benefit gold. However, Energy such as Oil, Nat Gas, Heating Oil and Gasoline should drop fast.
Nat Gas trend has been down for two years now, and the small corrective cycle in a bearish trend has ended. Chart had a small corrective wave (last move truncated) and I'm targeting a fast move to $1.50 for my first target with a small bounce to near $2.0 support turned resistance and a final blow to $1.05. Nat Gas fast move lower will effect oil prices.
US Dollar has shown very little price movement since the 2014 bull run. US Dollar has stayed in a tight range and based on technical indications we could be seeing one more low before a catapult to higher highs. US OIL , GOLD , SILVER, EMERGING MARKETS Rapid movement in US Dollar can have a big impact on USOil as well as silver XAGUSD and gold XAUUSD. ...
Facebook has less than 90 days to respond to IRS demands for all asset allocations from Facebook US to Facebook Ireland from 2010 to present day. Oct. 27 is the deadline the IRS has given Facebook, which is same week FB will report earnings. The cost associated with assets moved could cost FB 5 billion $ in tax liabilities. FB is sure to appeal if they are...
Switched Oil holding (UWTI) near 40 and looking to hold long till target is reached $45.40. As you can see I have mapped out important support and resistance area using a 50% high/low method. Pivots and S/R was drawn from recent June through August High/Low as well as 2008 high to Feb. 11 this year low. I will follow up with a short position (DWTI) when 45.40...
Big Diamond Pattern Atop Carnival Cruise Corp When forecasting you have to take a lot of information into consideration, you have to also find the needed information to make a forecast. What we know in the short term, Carnival Corp CCL, average analyst stock price estimates post Q2 earnings - June 28 - was $60.50 and high estimate for 2016 of $80. Brexit...
JA Solar Company Fundamentals and Internals are incredible. JA Solar management made a bold move taking on slightly more equity to reduce share count. Incredibly JASO's executives were able to reduce share count by 80% while only taking on 8% debt to finance a massive share reduction. JASO also has outperformed its peers in the renewable energy industry,...
Chart describes relationship with Federal Funds Rate X Federal Reserve US Bond Holdings vs. S&P 500 Increasingly throughout the years markets behavior has been dictated by actions of US Central Bank Federal Reserve. Following actions and words of Federal Reserve officials have been important elements in forecasting overall market behavior and direction.
Previous pattern, Inverted Head and Shoulder, breakout was diverted by strong resistance around 36.70. Since the previous pattern busted, price has been coming down fast, we've already broke below the neckline support and are heading towards the previous low where the Head of the Inverted H&S stood at 27.85. Double Bottom Possibility To characterize as a...