03
NOV
2014

BITA: Potential IHS

There is a potential IHS and for the shorter time frame a thrust underway following a Triangle but due to the negative divergence of the RSI (5) I would wait for a pullback In the following 30 min chart we can see that last Friday price could have completed the first up leg of an...
26
OCT
2014

WYNN: Bullish Watch List

Reasons:  Potential Bullish Flag (Weekly chart)  Potential Inverted Head and Shoulder (Daily Chart) In the weekly chart we can see that from the March 2014 high price could have been forming a bullish flag We don´t have yet the confirmation that price has established a...
20
MAY
2014

SQQQ ( 3 x Short QQQ ETF) : NDX Bearish Set Up

Entry Date: 05/20/2014; Long: 52.88; Stop: Below trend line; Target: 77 Reason: Head & Shoulder In the weekly chart of NDX we can see a potential Head & Shoulder reversal pattern. If the horizontal resistance at 3627 is not breached odds would favour the formation of the...
28
APR
2014

IBB (Nasdaq Biotechnology ETF): Bullish Watchlist

Reason: Potential Inverted Head & Shoulder with a theoretical target located at 265 The right shoulder is still under construction but, as it should maintain a time proportionality with the left one, it must  be completed by either today or tomorrow We cannot rule out a bit...
24
APR
2014

TSLA: Bullish Watchlist

04/24/2014: EOD Follow up Despite the right shoulder can be considered completed I have decided to remain on the sideliness due to  the “insecure” pattern that SPX is unfolding. In addition there are better looking IHS in IBB and IWM which right now I prefer If...
11
APR
2014

SDOW (3xShort Dow ETF): DJI Bearish Watchlist

Entry Date: 04/10/2014; Long 29.05; Stop 28.88 ; Target 33; Exit Date: 04/10/2014; Exit Price 29.39 (+1.19%) Reason: Potential Inverted Head & Shoulder with theoretical target at 33 In the daily chart below we can see that price has formed a likely IHS, although the right...
03
APR
2014

GLD (Gold ETF): Bullish Watchlist

04/08/2014: Follow up I decided to close the position with a gain of 5%, probably it is an anticipated decision since there is no indication of  a reversal but there are too many gaps which complicate risk management as the stop is too distant from current levels, in addition I...
26
FEB
2014

GDX (Gold Miners ETF): A Pullback is due

03-07-2014 : Follow up The assumed wedge has not panned out, instead price has formed a Triangle If the measured target is fulfilled the assumed wave (A) can reach the 28 area. If this target is hit the following wave (B) should bottom in the range 25.05 (200 dma) 23.91 (Gap...
23
FEB
2014

FAZ (3xShort Financials ETF): Financials Bearish Watchlist

02-24-2014  Follow up:  Invalidated Trade Reason: Potential countertrend rebound that should unfold a Zig Zag ( Extra bonus if an IHS is confirmed) Requirement: Price must hold Friday´s lod. I don´t know how the market will open next Monday hence this setup is on a standby...
09
FEB
2014

SPX: Bulls are Regaining the Upperhand (But not Out of the Woods Yet)

(Weekly Analysis) From the November 2012 low, fourth time, the 27-week moving average has acted as support preventing a larger decline. As well the weekly hammer with the low of the tail at the 0.5 retracement of the advance from the October low is suggesting that at least the...