Research
Research
Lining Up A Short Trade In Crude Via USO
The first trading session of 2019 is bringing a slight relief rally in the beleaguered commodity, and every bounce should be sold with both hands. Taking a look at two charts side by side, on the left we have a weekly chart of USO and on the right daily. You can see...
Brazil ‘Bout Ta Get Naughty
Happy New Year. I am not wasting any time this year so let's jump right in to it, shall we? Omahacharts and company put on a trade this past Monday and giggled all the while. While others were debating geopolitics, yield spreads, and corporate profit targets for 2019,...
Bitcoin Profit Target Achieved
Last Wednesday I did a post on the recent strength in Bitcoin, highlighting a near term profit target of approximately $4200. This has been achieved swiftly. There is no asset class which adheres to technicals and sentiment / investor psychology than cryptocurrency....
Santa Brought You A Rally in… Bitcoin?
On the anniversary of its all time high, Bitcoin has staged a rally in the face of a global risk off environment. Near the apex of the falling wedge pattern over the past month, you see some heavy sell volume which might signal capitulation. Investors in this...
Skeptical Of This Move In Semiconductors
Among the day's top gainers are a handful of Semiconductor names, often seen as a market gets ready to lead a new leg higher in stocks. I wish I could say this was exciting, but I don't buy it. For that reason, I am short ON Semi Corp. $ON. Would you take this long...
The New Normal
Courtesy of Exodus Market Intelligence we can filter by industry group and see the leading and lagging baskets of the day. Here is a snapshot of the carnage of the day, median return shown on the far right side. These are groups, not individual stocks. Let that sink...
Research
Research
Lining Up A Short Trade In Crude Via USO
The first trading session of 2019 is bringing a slight relief rally in the beleaguered commodity, and every bounce should be sold with both hands. Taking a look at two charts side by side, on the left we have a weekly chart of USO and on the right daily. You can see...
Brazil ‘Bout Ta Get Naughty
Happy New Year. I am not wasting any time this year so let's jump right in to it, shall we? Omahacharts and company put on a trade this past Monday and giggled all the while. While others were debating geopolitics, yield spreads, and corporate profit targets for 2019,...
Bitcoin Profit Target Achieved
Last Wednesday I did a post on the recent strength in Bitcoin, highlighting a near term profit target of approximately $4200. This has been achieved swiftly. There is no asset class which adheres to technicals and sentiment / investor psychology than cryptocurrency....
Santa Brought You A Rally in… Bitcoin?
On the anniversary of its all time high, Bitcoin has staged a rally in the face of a global risk off environment. Near the apex of the falling wedge pattern over the past month, you see some heavy sell volume which might signal capitulation. Investors in this...
Skeptical Of This Move In Semiconductors
Among the day's top gainers are a handful of Semiconductor names, often seen as a market gets ready to lead a new leg higher in stocks. I wish I could say this was exciting, but I don't buy it. For that reason, I am short ON Semi Corp. $ON. Would you take this long...
The New Normal
Courtesy of Exodus Market Intelligence we can filter by industry group and see the leading and lagging baskets of the day. Here is a snapshot of the carnage of the day, median return shown on the far right side. These are groups, not individual stocks. Let that sink...