Analysis from Éric Chwaliszewski / @ChroniqueBourse posted June 30th 2019. By the close of the semester the S&P 500 index has confirmed the continuation of the phase 3 uptrend. One more time, the Bund / Tnote ratio has been a remarkable predictor of the stock market price action by forecasting its progress two semesters in […]
The Global Dow Index is Nearing a Major Breakout
Analysis from Ryan Detrickk, CMT via Twitter: The Global A/D line made new highs again. Additionally, the Global Dow Index is nearing a major breakout. Tough to buy the ‘we’re headed for a global recession’ crowd when these two things are happening.
Which is the strongest Currency, the Japanese Yen or the Swiss Franc?
Looking to open new short positions against weakest currencies (AUD, NZD, CAD, GBP) by the opening of the week, month, quarter and semester we are now hesitating between selling them against the Swiss Franc (CHF) or the Japanese Yen (JPY). Now the question that arises is, which of the two is the strongest and expected […]
Amerant Bancorp, There is No Smoke Without Fire
Put differently, there is no increase of trading volumes without underlying motives, and when such an increase of activity occurs in a bullish set-up there is certainly a good reason for the asset to move up: June 26th Amerant Bancorp (NASDAQ: AMTB, AMTBB) announced: Amerant Bancorp to Be Added to the Russell 2000® Index | […]
Is the Natural Gas Price Collapse Done For Good?
At the time of writing natural gas is bouncing 5% off yesterday’s low. This raises the question if the gas price collapse is finally done for good. Natural Gas Real Time Daily Price Chart NATGASUSD Chart by TradingView Loyal readers of this blog now understand that the longer term trends always prevail and that a […]
GSI Technology Buy Signal
We are buying GSI Technology (Symbol: GSIT) at the opening on June 24th 2019 with a limit order set at $8.7. $GSIT closed last week at $8.63. The initial stop loss should be placed below $7.8. The motive for this long trade is the dynamic GSIT price trend propped up by the moving average, the […]
Before / After Analysis – Solar ETF vs. Refining ETF – March 2018
In March 2018 we published Solar Stocks Are Vowed to Crush Oil, Coal and Nuclear Stocks with several technical scenarios for the energy sector outlining an expected outperformance of solar stocks. In particular it was envisioned for the ratio between the solar stocks and the refining stocks to break out from an identified bottoming pattern […]
Before / After Analysis – AMD – March 2018
In March 2018 we published: Advanced Micro Devices (Symbol: AMD) Is Consolidating Its 2-Year Advance Within a Falling Monthly Wedge and commented: AMD is retracing its 2-year move from mid-2015 to July 2017 and looks good to buy at the bottom of the falling wedge. Another oscillation could happen inside the wedge but the next […]
Ethereum Attempting a Monthly Breakout and to Revert Underperformance ...
Summary: Ethereum is attempting a breakout on both the daily and monthly time frames and at the same time showing intentions to revert its underperformance against Bitcoin. Ethereum is a buy at the present level but preferably below 290 dollar and with a protective stop around 260 dollar. Daily ETHUSD Breakout in Progress At the […]
Amerant Bancorp Buy Signal
Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc. and Amerant Trust, N.A. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and […]
AUDCHF Bear Trend in Progress with Stop at Breakeven
$AUDCHF bear trend now in progress on the weekly (https://is.gd/kD0mVb). Trade secured with stop loss @ 0.69 #forex $AUD $CHF #Aussie #BNS #RNBA #Swisssie
The Only Way is Down for the British Pound Sterling
Summary The British Pound is in a secular down trend against the US dollar that should not end until the exchange rate retests the 1.035 historical low marked in 1985 and possibly moves lower to reach parity. The rate is bearish on all time scales from the daily to the 2-year duration and a bearish […]