I have entered trade in KO yesterday (trade setup details were described in ETF & Stock Trading ideas newsletter). It has broken long downtrend and is now poised for further gains.
This stock fits to my technical strategies but it has also value based on my global macro approach.
I noticed that RFMD is trying to break out strong resistance. This is long term resistance level and if will be broken I will expect strong advance in stock price.
UUP made bullish stock chart pattern (bulflag) again.I am waiting for new breakout of this stock chart pattern for ETF trade in this ETF.
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.
CQB has bearish stock chart. It is very weak stock. I am going to short it in my fund.
I have noticed bearish stock chart pattern on AAPL chart. I am looking for short sale entry with target near 170 level. Very tight stop.
I am watching GOOG stock. It shows signs of selling and weakness. There is possibility for another drop. I am going to short this stock.
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).
Current market environment is not very bullish . But there are some stocks with very good relative strength. I used my 52week bullish scanner to find some of them and here are some picks: KFT, CPO, LII
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.
