DBA is presenting very nice trading range. One can buy on the support and sell on resistance. Right now I think that price can go down to support level of trading range.
I have read a lot about good harvest of agriculture commodities so fundamentals also confirm down move.
I have been looking for establishing new short in Japanese Yen currency. It is based on Global macro story I follow in my fund. And it is also confirmed by nice chart pattern. You can see it on chart of FXY (Japanese yen Currency ETF).
I noticed that UUP is only bullish ETF in today’s market.
I am in long UUP trade for more then month and expect more upside move.
I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.
Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.
I have noticed that KRE ETF has broken through resistance and is heading higher. I do not like fundamentals of US banks too much but technically it is definitely bullish setup in some pullback.
USD index ETF – UUP – is forming bullish stock chart pattern . It offers another opportunity for opening new long trade in this ETF.
EWJ, ETF tracking Japanese stocks, is presenting nice bullish stock chart pattern . Breakout of current chart pattern could lead to rally in EWJ. I wait for good entry point.
I see higher probability for new decline toward 1000 USD mark.
Going to prepare Gold ETF – GLD – short setup for my fund.
I have noticed that USD Index has broken downtrendline and finished last week stronger. I think we can see start of new USD bullish trend move . I am waiting for this new trend and plan to trade it in my fund accordingly.
This index can be traded directly with ETF stock “UUP”.
I just noticed bullish chart pattern in Biotechnology sector. I am watching situation for possible long entry in IBB Biotechnology ETF stock.
I noticed that current situation on markets has offered nice buying opportunity in International ETFs. I like Hong Kong ETF bullish stock chart.
Technicals are bullish and fundamentals are also good.
