Equities

17
Oct

Now Available: Fibonacci Webinar

If you missed the free Fibonacci Webinar last Sunday, October 13th, 2019 with my friends at Trendspider, a link to the recording is here.
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12
Oct

Free Fibonacci Webinar: Sunday, October 13th, 6pm EST

Anyone interested in learning more about applying Fibonacci levels in technical trading, please join me this Sunday, October 13th, 2019 at 6pm EST for a webinar with my friends at Trendspider. A link to the webinar is here.
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28
Jun

$PAAS Pan American Silver Looking to Break Through

One of the disappointments in silver's recent move higher has been the lack of follow through from mining stocks, with Pan American Silver being a premier example. This past week has seen Pan American attempting to close that gap.
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Bitcoin
20
May

$BTC: Straight Up or Pull Back?

The recent thrust has brought out the bulls once again, and while the overbought conditions on the RSI are bullish over the medium to long term, in the short term I think the price is a little stretched. The 50 day moving average is also presently around the $5800 level, which further increases the probability...
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IWM
13
May

UPDATE: $IWM Russell 2000 Gaps Down Through Support Levels

Today, the Russell gapped down *again* and this time blew through all support. The market is choppy, and without any clear sense of trend, I would be very hesitant to take a bullish or a bearish stance. Better to wait it out and let the market choose the direction.
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IWM 5-09-19
09
May

$IWM Russell 2000 Resting on Heavy Support

Today, IWM gapped down at the open right at 155.52, and pin-pricked swiftly and deeply right through all three levels of support - an alignment of the 50-day moving average, 200-day moving average, and 61.8% Fibonacci retracement - before recovering and closing green on the day (see chart at the very top). The price action...
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1999 Returns
06
May

Rhyming Like Its 1999?

As the S&P500 and Dow Jones press up against all-time highs, market prognosticators are split on whether we should expect a melt down or melt up in equity prices. In a recent interview on RealVision, Kevin Muir of The Macro Tourist and Tony Greer of TGMacro discuss the current market environment and delve into MMT...
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SP500 Divided by Copper
23
Apr

S&P500 vs. Copper Ratio Breaking Out

The S&P500 is trading at all-time highs relative to commodities. The commodities sector is therefore an attractive area to investigate for relative value and the potential for outperformance versus equities. In my research, the most compelling chart is the ratio of the S&P 500 to copper (a.k.a "Doctor Copper").
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16
Apr

$ANSS Ansys Testing All-Time-Highs

I'm watching the engineering software company, Ansys, very closely for a definitive break of the $191 level, which represents the all-time highs from last September. A break here would target the $220-$223 level at the 161.8% Fibonacci retracement.
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15
Apr

$AES Building Base for Push to $20

It has been more than a decade since the share price of AES, one of the leading domestic power companies, hit $18. The price eclipsed the November and December breakout highs with little difficulty before stopping to knock on the 161.8 Fib extension three times.
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