Looking at JPM and GS ...
if they can break higher would give impetus to a new move higher...IF they break down, may stop the rally in it's tracks...
Long with tight stop... possible reverse on a break down.
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
Quotes
Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
Followers
Search This Blog
Wednesday, December 23, 2009
Sunday, December 13, 2009
Xmas charts..
FTSE
Looks like one more push up to 5670 level possible, especially with the predicted "father christmas" rally. If break the mini channel a move to the lower side of the channel, IF that breaks then rally is over for a while.
DAX
DAX is forming a clear triangle, a clean break above 5800/5840 targets 6200/6350 (61.8% retrace of fall from highs) On the downside it looks like 5580/5530 is key, followed by 5250 (50 % retracement level, and resistance/support)
DOW
weekly
Weekly chart show we are still near some strong resistance 10500 level, a clean break above this can target 11200, possibly ending this rally.
daily
Daily chart shows a bit more detail..range bound for last few 10200 key on downside, 10500 key on upside.
Wednesday, December 2, 2009
Friday, November 27, 2009
DAX wedgie
Today the Dax has broken that wedge again..2nd time in 2 months..a sign that the trend is weakening even if we don't stay below it. May just be the long awaited correction of the rally since March *bullish scenario) or the start of a new down leg (the bearish scenario). A 10% correction probably would be healthy.
Once this leg down finished , probably right to get long..in bullish scenario new highs..in the bearish scenario a wave 2 up which could challenge the highs but not break them..
Once this leg down finished , probably right to get long..in bullish scenario new highs..in the bearish scenario a wave 2 up which could challenge the highs but not break them..
Thursday, November 26, 2009
EURO....
Still in up trend and making NEW highs since March..BUT....
the RSI seems to be lagging this move...bearish divergence.. watch 1.5230 level...
the RSI seems to be lagging this move...bearish divergence.. watch 1.5230 level...
DAX 30 mins
4 days of gains GONE in a few hours..now what? Chart shows we are near support and have bounced from these levels before..IF it fails looks like we target the blue line, which is the trend line of the wedge from March lows...IF THAT one breaks (convincingly) then we finally get our significant correction.. in the bullish case, or a drop to new lows, the bearish case.
USD JPY...target approaching...
Here's a link to a post a while ago ..target for USD JPY form bear flag 85 ish...
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAa0VqLLW0zD2UP5UseTzDMl-9YmEXakn4jyD9SPR-Z4tJT51GwJxYHZUaLmVUtqhOwZcyXIA5-6cARzfWMx_cTZ8ol6yRMWDEH2Ej2QFlwaQ42JhEEcmKHI4fsnuY0lX0Kpbvtf2myw0/s1600-h/USD_JPY+Spot.png
here's the latest...
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAa0VqLLW0zD2UP5UseTzDMl-9YmEXakn4jyD9SPR-Z4tJT51GwJxYHZUaLmVUtqhOwZcyXIA5-6cARzfWMx_cTZ8ol6yRMWDEH2Ej2QFlwaQ42JhEEcmKHI4fsnuY0lX0Kpbvtf2myw0/s1600-h/USD_JPY+Spot.png
here's the latest...
Wednesday, November 25, 2009
Arrested for not paying a tip????
Nothing surprises me in the USA any more!! What next?
http://www.pantagraph.com/news/weird-news/article_d6325aa6-d603-11de-9f7e-001cc4c002e0.html
College students arrested for not paying tip
http://www.pantagraph.com/news/weird-news/article_d6325aa6-d603-11de-9f7e-001cc4c002e0.html
USD index weekly
getting near a key level...will it hold..or will we break through and test the 70.80 level??
Blue arrows show previous support and resistance..
Tuesday, November 24, 2009
Thursday, November 19, 2009
AUDUSD again....weekly chart..
I can see some possible bearish divergence setting up...
todays move looks like this pair is weakening.. BUT still need a break through that up trend line. HOWEVER the neg divergence is a possible early warning sign, LOOK at what happened in 08..
todays move looks like this pair is weakening.. BUT still need a break through that up trend line. HOWEVER the neg divergence is a possible early warning sign, LOOK at what happened in 08..
Tuesday, November 17, 2009
closer look at AUDUSD
short , stop at .9420. Looking for a test of main trendline at around .9130 ..
Wednesday, November 11, 2009
Another antipodean currency...
The NZDUSD looks to be ahead of the AUDUSD , in the break of the trendline. Now re-testing that break.
RSI and MACD looking toppy..remember weekly chart so LONG term stuff..
Thursday, November 5, 2009
something to keep an eye on... AUDUSD
AUD USD WEEKLY CHART Looking a little stretched..but still in uptrend...keep eye on
1. either a break of the trend line
2. or a signs of weakening rally..ie new high but not on RSI... (negative divergence)
3. a break above horizontal line and USD is clinically dead!!
1. either a break of the trend line
2. or a signs of weakening rally..ie new high but not on RSI... (negative divergence)
3. a break above horizontal line and USD is clinically dead!!
Wednesday, November 4, 2009
Leaders
In this rally from March 09 the leading indices have been the NASDAQ (USA) and the DAX (GERMANY)
BOTH of these have broken their rising trends in last few days..KEY now is what happens next...
We should know soon enough!!
BOTH of these have broken their rising trends in last few days..KEY now is what happens next...
A. FALSE BREAK...prices recover enough to "get back" in the uptrend channel
B. Prices recover and "Test" the underside of the broken trend, and THEN continue fall
C. NO recovery from here, prices fall until next SUPPORT level
We should know soon enough!!
Sunday, November 1, 2009
Decision time!
With the big move on Friday, many markets are poised at the edge of the precipice...
FTSE 100,NDX100, DAX, DOW,and EURO.
FTSE broke minor uptrend within larger wedge, so possible move down to 4850/ 4800 on cards. Key will be if when we get there DOES it break larger wedge?
FTSE 100,NDX100, DAX, DOW,and EURO.
FTSE broke minor uptrend within larger wedge, so possible move down to 4850/ 4800 on cards. Key will be if when we get there DOES it break larger wedge?
EURO poised for a break of the large WEDGE...not YET broken..
NDX 100 has been the leader in the rally since March, and HAS already broken down through the major WEDGE formation...IMPORTANT keep eye on this...
DAX is poised on the edge of the wedge leading index in EUROPE..very similar to NDX 100
DOW has NOT broken the wedge yet...looks poised for a test approx 9500.
Friday, October 30, 2009
Short Dax and FTSE...looking for test of recent lows at min..
short DAX..
Looking for a test of the lows yesterday and even the blue dashed line...if it holds may be LONG entry..
OR a break back above 5625...brings bull trend into play..
FTSE similar...key levels on upside 5200
downside..5000...
Looking for a test of the lows yesterday and even the blue dashed line...if it holds may be LONG entry..
OR a break back above 5625...brings bull trend into play..
FTSE similar...key levels on upside 5200
downside..5000...
Tuesday, October 20, 2009
Friday, October 9, 2009
Wednesday, October 7, 2009
Friday, October 2, 2009
Thursday, October 1, 2009
DAX...break or not...
Looks like DAX is soooo close to breaking that wedge (smaller one within the LARGE one from March lows)..if it can get below 5550..then good chance to head to 5350, and maybe 5200 (lowe boundary of larger wedge)
Wednesday, September 30, 2009
crude getting nearer
Crude getting closer to the short trigger...as per
http://iberianviews.blogspot.com/2009/09/shortseven-at-end-of-summer.html
Above that STOP sign says something else is going on!
http://iberianviews.blogspot.com/2009/09/shortseven-at-end-of-summer.html
Above that STOP sign says something else is going on!
Friday, September 25, 2009
cable....key level broken
looks like a classic head and shoulders pattern...target 1.52..
And the chart from June..looks like we are entering wave 5 down..so even further downside possible...test the lows? 1.35?
www.iberianviews.blogspot.com/2009/06/cable.html
And the chart from June..looks like we are entering wave 5 down..so even further downside possible...test the lows? 1.35?
www.iberianviews.blogspot.com/2009/06/cable.html
Thursday, September 24, 2009
Shorts..even at the end of summer!
Looks like several things are topping out (or bottoming - depending on which way you look at it!!!!)
to name a few, cable (looks like it has formed a top), oil, see chart (top), dollar (bottom), euro (still forming top)..
euro strength looks to be the default trade...ie where do we go to?? Pound, dollar, yen???
short on strength ...see dax post earlier..
dow..now...
Friday, September 18, 2009
Thursday, September 17, 2009
Silver due a correction..if not more?
Wednesday, September 16, 2009
intel weekly and daily...
Tuesday, September 15, 2009
eur usd..again..
Tuesday, September 8, 2009
euro dollar monthly...time to sell euro???
Thursday, September 3, 2009
Wednesday, September 2, 2009
L O N G hot summer... GOLD ready to break out???
Friday, July 24, 2009
The BIG picture ..again...
Tuesday, July 21, 2009
dollar index..too many bears????
Friday, July 17, 2009
Thursday, July 16, 2009
Wednesday, July 15, 2009
Subscribe to:
Posts (Atom)