$IYT - Dow Transports - Short Trade Thesis:
Short Dow Transports
The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average.
I will be monitoring this to see how the trend plays out.
Confirmations:
1. Lower lows and lower highs on Day chart
2. Lower lows and lower highs on Week chart
3. Below 8 Day EMA
4. Doji indicating price indecision on Week chart
Trade:
Short $IYT
Etfs
Natural Gas ETF long I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20.
As a disclaimer, this post and previous and future posts are my opinions only. Do not make investment decisions off of my ideas. This is not official advice.
TLT-Looking to buy if support holds.Technically speaking
The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see.
On the updside, 128 is the first level of resistance.
What to do?
I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend on price action around the 116 level.
I will update this chart when things change.
$72.00level holding. (XLE) entering the buy zone.The pivot level at $72 is being tested and holding, for now.
I feel the line of least resistance is higher. I am looking for $84 eventually.
I will be looking to buy dips b/w 72-65.
A move under 65 and I would rethink my position.
No position at the moment.
Comparative Analysis: Correlation DX with #USDJPY #ETF #Ni225A Classic example applied in today's market condition between the USDJPY ccy pair, an ETF tracking the Nikkei 225 equity index. Where liquidity, a passive income ETF asset allocation are rolled into an effective strategy. Don not discount that there will always be bumps along the way.
On the other hand, much of our selective ETFs on equities including our DX futures contracts carry over towards the coming 2017 year have performed well above our expectations. One particular ETF (HEWJ) and the NK225 turn around prior to the USDJPY continuing market signal that registered a remarkable comeback to the 105.50 level prior to today's closing for the month was a welcome treat.
Comparative Analysis prominent DXY:
Oil: Ready to breakout or bump its head?Either oil is going to break out of this inverse H&S, and start making some price gains, or it's going to bump its head against it and head back lower (again). I don't have a bias either way, but will keep an eye on it. UWTI and DWTI are two ETFs I've used to trade oil in the past. Of course, there's also USO. Trade 'em well.
Leveraged Decay: how to calculate itBrexit and currency hedging has thrown up the need for products such as SUP3 however there is danger in holding such leveraged products as SUP3 (3X Long GBP Short EUR). As path dependency of the currency picks up in volatility the arithmetic mean drifts below the geometrical mean.
This is most easily realised in the following example of an up and down fluctuation of 10%:
100 +10% = 110
110 - 10% = 99
We have lost 1% due to the path dependency having only moved up and down 10%
We can approximate the volatility drag using the following:
Volatility Drag = 0.5 * (Leverage) * (Standard Deviation) ^2
This comes from the formula for the geom mean:
Geom Mean = Arith Mean - 0.5 * SD^2
It is not precise but allows a proxy to be formed!
IAU ProfitsThe IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside.
If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll cool off. Do I think gold is ready to turn back to the down side? Not yet. I believe gold is a safe haven investment for everyone, especially the people who are not market knowledgeable and are unsure where else to store their savings.
I would stay in gold a little longer, but I'm looking to take my profits after this nice move to the upside. Head on over to www.bearstobulls.com for more information on my trading and investing ideas!
pennies to thousands microcap etf above cloud enter on green barour candidates come from this spectrum of stocks-we look for stocks in 1-9 range because in our book on amazon we report this area is underflowed-does well after rate hikes-do well in slow growth arena-good for takeovers-have high inside ownership-over the long term outperform-we preach diversify among industry and candidates-always have stop loss orders- exit quickly-dollar cost average out-always have a few shorts and volatility candidates and large cap etfs-to balance you can outperform etf if you follow our rules look for the edge our philosophy use limits on thin stocks-never trade first 15 minutes wait to confirm
Nice time to short RSX ETFThat will be a good time, if we will have oil lower then now at the Monday.
South Korea ETF (EWY) Turnaround Chart PatternThe South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April.
The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent.
The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April 28 2015.
South Korea just beat on their GDP last week, growing 0.8% in Q1 2015. The consensus estimate was 0.6%.
South Korea is forecast to overtake France's GDP per capita by 2020.
Source: www.guerillastocktrading.com
"Crude Oil" a Huge profit to be madeCrude oil is making new grounds with it soon to
come with its reverse pull back, same thing
happened in 2009 although there is a possibility
that crude can slide to support at 40$. either
way i will be easing my way into a positions
using the ETF UWTI which is priced very cheaply
at 3$ a share. also a big shout out to @Ricker for showing me UWTI