20
JUN
2015

SP500: The Tug of War

          The distinctive and frustrating feature that stands out is that from the February high price has been trapped in a trading range. Bulls have tried but failed to sustain a breakout above the February high at 2120 twice ( April peak and May peak),...
18
JUN
2015

DAX: Long Setup Watchlist

              Weekly time frame: The Dax has declined from the April high almost 13% reaching the 0.382 retracement of the rally from the October 2014 low If the weekly Hammer candlestick is confirmed tomorrow, then odds should favour a...
28
APR
2015

TZA (Small Cap Bear 3x): Long Setup

TZA: (Small Cap Bear 3x) Weekly time frame: A clear down trend from the October 2014 high is still in play (As long as the trend line is not breached) But the RSI(5) is displaying a positive divergence The last three candlesticks may suggest a basing  activity There is also a...
13
FEB
2015

Setup Watchlist: GDX-VA-ORCL-AAPL

1. GDX (Long watch list) Weekly time frame: It seems probable that the 3-wave up leg off the October low should allow more upside price action So far the current pullback could be forming a Flag As long as the support zone with range 20.40 – 19.90 is not breached the...
18
JAN
2015

SPX: It Is A Tough Environment

A larger bounce until Wednesday is probable afterwards  it will depend on how buyers react to next Thursday´s ECB monetary policy resolution regarding a broader asset purchase plan. As discussed in my last update weekly oscillators are causing uneasiness. This week the...
18
DEC
2014

Relief Rally Or Another “V” Bottom ?

Few Thoughts: Positives: Tuesday´s lod coincides with what can be considered an “enough” oversold Mc Clellan Oscillator. Yesterday sharp rise can be considered the initial stage of a breadth thrust. The reasonable doubts will be cleared once the zero line is reclaimed...
27
NOV
2014

EURUSD: Brewing A Countertrend Rebound

Price could be forming an Ending Diagonal If the Ending Diagonal pans out, from the May high we could count a large 3-wave down leg. Even if it is not impulsive it would be too premature to consider the correction over but a large countertrend rebound could reach the highlighted...
10
NOV
2014

EXXI: Bullish Watch List

(Oil and gas field exploration services) This is a stock that has been decimated, obviously the long-term trend is bearish, but in the shorter-term time frame  there is a potential bullish set up as price could be unfolding either a Flat or a Double Bottom. Even if it is the...
09
NOV
2014

TWTR: Bullish Watch List

The decline from the October 9 has unfolded a 3-wave down leg but the huge gap down on October 28 has seriously damaged the technical outlook of the stock since price is now below all major moving averages (10, 20, 50, 100, 150 and 200 ma). However momentum inidcators are now...
10
JUN
2014

DUST ( Gold Miners Bear 3x ETF): Long Setup

Reason: The decline from the May high may have formed a Falling Wedge (Short-term bullish patern) I don´t know if price is involved in a larger corrective pattern, in which case if the wedge pans out the following sharp rebound will establish a lower high or if it is the...

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