I have noticed triple top bearish chart pattern on the chart of AUDUSD exchange rate. It can lead to selling of AUD . This idea could be traded directly on Forex market or using currency ETF FXA.
As we noted in our latest issue of ATWEL Global Macro newsletter, gold and silver are looking weak these days.
I have noticed possible short setup in Gold ETF GLD. I am going to trade it in our ATWEL Global Macro fund.
I noticed nice bullish chart pattern on chart of MLPN ETF. I am now looking for some pullback to prepare new long setup for our fund.
Banks ETF – KBE – is weak and presents bearish stock chart pattern. I am looking for good short trade entry in this ETF.
Well to say honestly, I do not know. I only know if such trade has good risk reward ratio to think about it.
But I personally feel that we are close to time to sell US bonds. Bonds are not worth of investment right now. There are stocks which bring more profit then holding government’s bonds. And also why to buy bonds of gov’ts which are so indebted ? Not only US but European too.
We decided to prefer corporate bonds in my fund . One macro theme we monitor is that US corporations are full of cash. And that US corporations are managed much better then individual states. It is much safer to buy their bonds then government’s bonds. And with bigger yield.
Here is chart of US 7-10y bonds ETF:
Stock chart analysis of Japan ETF “EWJ” can offer two possible views. One is that there is nice bearflag and second that we see bounce from 9.50 support level.
It is good to be ready to play both technical scenarios . I will wait till new high will be established above 10 for thinking about longs . I will also wait for breakdown of bearflag for thinking about entering new shorts.
I like bullishness of Internet sector (represented by FDN ETF) . But GOOG is clear laggard for me. So I am looking for good level to enter shorts in GOOG.
There are several China ETF shares available to trade. We have done analysis of composition of basket for Asia ETF stocks. And in our latest Global macro newsletter we have identified list of Asia ETF shares with best profit potential in next few months.
One of them is CHIQ as one of the best China ETF. It has nice bullish stock chart. I have prepared detailed trade setup for this China ETF in my ETF Trading strategies newsletter. I am going to trade trade it in my fund, too.
DBO has strong resistance in 25 – 26 USD area. I plan to short DBO there with stop right above this level in my ETF Technical strategies. This trade is also supported by my bearish Oil Global macro opinion.
I am not very bullish on commodities based on my Global macro opinion. The only commodity ETF I like is Agriculture ETF DBA. I am long this ETF for a few weeks already and still looks bullish for me
