thewavetrading.com
01
APR
2014

IBB ( Nasdaq Biotechnology ETF) : Bulllish Watchlist

04/07/2014: Follow up The bullish setup has been invalidated 04/02/2014: Follow up I did not buy the gap up ( Probably a mistake) The discussed bullish setup reasons  remain valid. Yesterday´s shooting star (And unable to close above the 10dma) may suggest some consolidation. If...
26
MAR
2014

TZA (Smallcap Bear 3 x): IWM Bearish Watchlist

03/27/2014: Follow up ( I am out. Take the money and run) Entry Date: 03/26/2014; Long 16.04; Stop 15.10; Target 17.40; Exit Price 16.59 (+3.40%); Exit Date 03/27/2014 The potential double bottom patterm is underway but eventhough the theoretical target has not been reached yet I...
16
MAR
2014

SPX: Retracing Prior to the Final Advance

(Weekly Analysis) The week ended with a “large” Harami candlestick, which has caused short-term technical damage and casts doubts over a false breakout of the January´s high. In my humble opinion SPX remains vulnerable to more downside with a potential target (Weekly time frame)...
12
MAR
2014

ERY (Energy Sector Bear 3x ETF): XLE Bearish Watchlist

Reason: XLE has failed to carry out a thrust following a Triangle. This failure has turned a bullish pattern into a bearish one with a potential Double Top, which has a theoretical target at 83.74 I don´t have an entry price yet so I will see how price behaves today. Ideally I...
25
OCT
2013

SPX: Follow Up of the Short Term EWP

THE INEVITABLE CORRECTION CAN ONLY BE DELAYED A FEW MORE DAYS At this right moment in my opinion the Ending Diagonal option that I have been discussing since the middle of September remains my preferred pattern (As long as price does not deny it)
22
MAY
2013

SPX: Follow Up of the Short Term EWP

TODAY THE BULLISH MARKET BEHAVIOUR CAN BE TEMPORARLY SUSPENDED Today we have two key risk events that may trigger the overdue equity pullback (Bernanke testimony before Congress and the FED minutes).
17
MAY
2013

SPX: Follow Up of the Short Term EWP

HARAMI IS SUGGESTING A POTENTIAL REVERSAL We finally have a change of behaviour:
15
MAY
2013

SPX: Follow Up of the Short Term EWP

I MAINTAIN THE CALL OF  A SHORT-TERM PAUSE Yesterday I mentioned that the “ending wave” of an EWP has to be impulsive or it must form an Ending Diagonal. At last, after completing a likely triangle (On Monday) we have an impulsive up leg in progress. This thrust, if my preferred...
03
MAY
2013

SPX: Follow Up of the Short Term EWP

THE MCCLELLAN OSCILLATOR REMAINS WITH A SELL SIGNAL IN PLAY Despite the Ending Diagonal did not pan out sine once again buyers jumped on and bought the corrective pullback killing a “text book” ending pattern we do have plenty of yellow flags. Probably the foremost in importance...
14
MAR
2013

SPX: Follow Up of the Short Term EWP

WHAT ELSE CAN I SAY? Now it is obvious that the reason that is preventing a pullback is Friday´s quarterly Opex and if you still expect a pullback ahead of next Wednesday FOMC meeting you better take a few days off (This is what I will probably do).