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Analysis

Trade Recommendation: Short Bitcoin (?)

Posted on July 23rd, 2017.

I usually do not trade with cryptocurrencies any more, but this might be a golden opportunity arising. Bitcoin has bounced back to 2800 USD per bitcoin (ish..). The uptrend the last couple of days may be caused by the BIP91 agreement:

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Bitcoin

Trade Recommendation: Sell BTC/USD with a Tight Stop Loss

Posted on July 19th, 2017.

During the late trading session on the Sunday 16th of July, the BTCUSD pair bottomed around $1820 on average in major USD markets and 13,000 in leading CNY exchanges. Since then, it has retraced the entire fifth wave of the down leg and moved 30% upwards towards its resistance around $2400. What we’re looking at above is an impulse...

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Commodities

Trade Recommendation: Palladium is Soaring – Best Performing Precious Metal in 2017

Posted on July 18th, 2017.

Several sources are now reporting an increasing supply deficit for palladium in 2017. According to a report by the Financial Times, “the palladium market is witnessing a rising deficit”. This would mark the sixth successive year of significant supply shortages in the palladium market, whereas its sibling platinum this year may be...

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Recommendations

USD/CAD Trade Recommendation, July 11th

Posted on July 11th, 2017.

USD/CAD: Short-Term Buy USD/CAD, 4-Hour Chart Analysis The pair has been trending lower ever since hitting a high in May near 1.38, as US economic numbers have deteriorated, the Canadian economy has been showing surprising strength, and global risk assets have been holding up well. The Bank of Canada is widely expected to raise its...

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Commodities

Bullish on Alcoa for the medium-term

Posted on July 7th, 2017.

On its official website, Alcoa claims to have invented the Aluminum industry in 1888. They are world leaders in Bauxite mining, alumina refining, and Aluminum smelting. The current company was separated from the erstwhile parent company ‘Alcoa Inc’ in November 2016, which was renamed as Arconic Inc. We dive deep into the factors that are...

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Cryptocurrencies

Bitshares Trade Recommendation July 4th

Posted on July 4th, 2017.

Bitshares/Bitcoin: Long-Term Buy Bitshares/Bitcoin, Daily Chart Analysis We have been monitoring the correction in the coin for the past three weeks, and now Bitshares is on the verge of breaking the declining trendline that has been dominating the move. The currency is one of the first smaller coins to show strength since last week’s...

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Economy

Copper Trade Recommendation, June 30th

Posted on June 30th, 2017.

Copper: Long-Term Short Copper Futures, Daily Chart Analysis “Dr. Copper” as a lot of investors are calling the commodity because of its close correlation with the global economy, enjoyed a bounce in recent weeks, as the Chinese stock market stabilized, the Dollar took another nosedive, and stock markets remained near their all-time...

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Analysis

Trade Recommendation: The S&P 500 is on the Verge of a Correction

Posted on June 29th, 2017.

The stock market recently celebrated its eighth birthday on March 09, 2017. It is the second longest bull market in history, only second to the 113-month rally from October 1990 to March 2000. The bull market is getting stretched on the upside S&P 500 is overvalued both on a TTM P/E and a forward P/E basis Economic expansion cycle...

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Recommendations

Wabtec (WAB) Short-Term Trade Recommendation Triggered

Posted on June 28th, 2017.

Wabtec  (WAB): Short-Term Buy WAB 4-Hour Chart Analysis On June 22, we covered the stock in an analysis with both long- and short-term trade options. Today the short-term recommendation got triggered, so we reiterate our bullish view on the stock. Wabtec commands a higher P/E compared to its peers and the S&P 500 due to its strong...

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Analysis

Ethereum Trade Recommendation, June 28th

Posted on June 28th, 2017.

Ethereum: Take Profit On Short-Term Positions near $300 Ethereum, 4-Hour Chart Analysis The coin has been in a strong bounce since we pointed out the climactic nature of the decline on Monday, and it’s now up by almost 50% since the bottom. Although more advance is entirely possible, we suggest taking some profits on the positions opened...

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Recommendations

Gold Recommendation Update, June 23rd

Posted on June 23rd, 2017.

Gold: Long-Term Buy (reiterated) Gold Futures, 4-Hour Chart Analysis The Shiny Metal seems to have completed a short-term correction that started after the Fed-meeting last week, and it gave a short-term buy signal today, when confirming a higher swing low at $1247, with a target of $1300. Our long-term recommendation remains intact...

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Recommendations

Investment Recommendation: Wabtec Corp (WAB) can Surprise on the Upside

Posted on June 22nd, 2017.

Wabtec Corp (Westinghouse Air Brake Technologies Corp) (NYSE: WAB) manufactures technology-based products for locomotives, freight cars, passenger transit vehicles and power generation equipment. The company caters for both the original equipment and aftermarket applications. Key Findings Dynamically growing revenues Strong and growing...

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Cryptocurrencies

Trade Recommendation, June 20th

Posted on June 20th, 2017.

XRP/BTC: Short-Term Buy XRP/BTC, 4-Hour Chart Analysis XRP’s price moved above the 0.000115 BTC level in active trading this morning, triggering a buy signal with a stop below the prior swing low below 0.0001. The move comes after a more than one-month-long consolidation, which brought the pair down by more than 60%. The primary...

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Recommendations

Trade Recommendation Update of Litecoin, June 20th

Posted on June 20th, 2017.

Litecoin: Long-Term Buy (Update) Litecoin, 4-Hour Chart Analysis LTC finally broke-out of its long-term consolidation pattern on Friday and surged to new highs above the $38 level. Liteocoin hit the $44 initial target of our recommendation during the weekend rally, and rose above $50 before entering a brief correction. We closed our...

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Recommendations

Trade Recommendation, June 16th

Posted on June 16th, 2017.

DAX: Short-Term Sell DAX, 4-Hour Chart Analysis The weakening momentum, the negative seasonality, and the weak bounce off the Thursday lows justify a short-term short position in the German index, as we expect further correction in global stocks. The strong decline in the leading names of the NASDAQ is still affecting equities globally,...

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Recommendations

Trade Recommendations Update, June 13th

Posted on June 13th, 2017.

Litecoin: Long-Term Buy (Update) LTC/USD, 4-Hour Chart Analysis Litecoin got dragged down below its short-term support zone, following the failed break-out attempt from the long-term consolidation pattern. The coin quickly rebounded back to its prior range, leaving the technical setup and our long-term buy recommendation unchanged....

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Recommendations

Trade Recommendations Update, June 9th

Posted on June 9th, 2017.

Gold: Long-Term Buy (Update) Gold, 4-Hour Chart Analysis Gold got hit hard yesterday afternoon, just before the hearing of ex-FBI Director Comey (some would say in a slightly suspicious way) after a strong period that carried the commodity just below the $1300 level. Gold got close to our initial long-term target, and it remains on...

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Recommendations

Trade Recommendations, June 7th: Sell USD/CAD

Posted on June 6th, 2017.

USD/CAD: Short-Term Buy (Close Position) The pair almost reached our target price last week, but it turned lower from just 15 pips of the desired price level. The Dollar failed to gain ground on the other majors, and although the position is still positive, the weak reaction to the recent fundamental developments (the drop in the price...

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Recommendations

Trade Recommendations, June 5th: Buy Litecoin

Posted on June 5th, 2017.

LTC has been lagging the other majors in recent weeks, trending lower compared to Bitcoin, and trading in a broad consolidation pattern against the USD. The Bitcoin chart is showing a lengthy bullish divergence, respecting a strong support zone around the 0.010 level, with a break-out of the consolidation expected in the coming days....

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Recommendations

Investment Recommendations, June 2nd

Posted on June 2nd, 2017.

Gold: Long-Term Buy (Update) Gold topped $1280 today after giving another short-term buy signal on the 4-hour time-frame, following the worse than expected US Employment Report, storming past the crucial declining trend-line and the $1273 resistance. The move justifies a higher stop-loss level just below the $1245 support. Long-term...