SNE: Potential long term bottom here...Very interesting spot to go long #SNE, I think it could be a major bottom in the stock.
Best of luck,
Ivan Labrie.
Timeatmode
DXY: Neutral until the dam breaks...The end of the 90s dollar rally could have been anticipated by anyone using Time@Mode techniques to read the charts.
Back then, the last active trend signal in the quarterly timeframe had expired right at the very top of the move, before prices moved lower until 2008. A similar trend can occur in the not so distant future, since the bullish trends are over, but we still don't have a confirmed down trend signal either.
A key price level is the 91.83 zone, what I'd call a Maginot line...If, and when, the dollar index moves below this level, price can swiftly move lower for a long time. Until that happens, choppy market action is more probable than a steady down trend.
There's no active uptrend currently, so the path of least resistance is sideways until support breaks.
For it to break, a major macro and geopolitical catalyst must occur, otherwise, we can expect the status quo to hold.
The accumulation of gold reserves by many countries is an interesting fact, the push by Facebook to launch an SDR like stable-coin, backed by reserves of multiple foreign currencies, which apparently has some ideological backing by the IMF and other entities, is also noteworthy.
In this no growth enviroment, trends aren't likely to trigger easily, we should monitor the emerging markets, China, Brazil, and Argentina come to mind. Argentina and Brazil are on the brink of possible labor reforms, that could spark growth, from the depths of hell where their economies sit.
Until a very evident catalyst occurs, we won't have an easy to trade trend in the Forex market. So, don't be in a rush to jump into any FX, gold, or commodities positions yet. These factors I mention are of long term nature, over time, things will become clearer and we will have the chance of trading when odds and risk/reward favor doing it.
I've decided to watch for long entries in Gold, but we need a correction in it to enter longs again. Currently, it's quite probable to see the stock market break the ATH and go higher for a while, before any sizeable correction can occur, sentiment just doesn't favor any other direction. Gold sentiment and charts indicate we will retrace once again, after hitting the 1358 resistance from the daily high of the Brexit day.
Either short gold, long stocks or wait in cash until we can buy Gold again, way lower. If it were to fall below 1246, then the quarterly trend in it failed -once again-. Unless that happens, any sizeable dip will lead to a rally once more.
Best of luck to us all,
Cheers.
Ivan Labrie.
ARGT: Trend is upMacri's counter offensive move, in response to Cristina Kirchner's presidential formula strategy was a brilliant one, picking Pichetto as his Vice-President for the upcoming October elections. Pichetto is a man from the Peronist party, but who is not afraid of bipartisan politics in Congress, and who wants to work for the President in Congress, and not force government shutdown. Many dislike this trait of his, but him being a strong defender of small and medium enterprises, and most likely helping Macri lead the country towards proper capitalism, with some luck, is what got investors bullish again.
The $USDARS pair dropped rapidly, and the 2-Week timeframe uptrend signal I had forecasted in it failed. The Dollar didn't hit 49-50 in time, despite the Central Banks pathetic actions in the last year, and Macri's political antics might have turned the trend in it for the next 16-19 weeks. $USDARS might sink towards 37 again, if things go really well.
If Cristina were to win, Alberto Fernandez is a man who might keep her extreme pseudo-socialist ways in check, or at least this is what investors seem to think, given the reaction of markets to the formula. Hopefully, whoever wins, stops the ridiculous spending, and insane taxing, which is choking anyone trying to build ANY kind of business here...since small and medium sized enterprises are the main sources of jobs in the country atm. This might help the currency do better, and reduce inflation. For this, government needs to reduce its size, which is not too likely to occur if Peronists win this time around, but also not extremely likely to occur if Macri is elected again, either.
My reccomendation is to not own too many Argentinian assets, overall, but I'm slightly optimistic going forward.
Best of luck to us all,
Ivan Labrie.
ETHUSD: Ethereum is being accumulated...The weekly trend in #ETH has been very strong so far, and as bullish fundamentals develop, big players are accumulating coins even at these price levels. Monthly charts are already ready to trigger a long term uptrend that can propel #ETHUSD towards $5523, or even $110k-ish over time. Weekly charts have been in a stable Time@Mode trend, which both hit the target, and did so right on time, which shows strength is with the buyers.
Lately, dips have been bought, despite people's fear of a larger fall, and despite dip buyers who missed out on the previous run wanting to buy even lower than what price ever gets to (most I heard want $200 or $220, so these price levels are NOT likely to be hit again -at least until these buyers change their mind-).
Best of luck,
Ivan Labrie.
EURUSD: 20% upside in the Euro from here...Long term wise, the Euro presents us with an interesting risk/reward scenario to go long, long term. I like the odds here, risking a mere 50 to 150 pips down from here, but with upside of up to 20% long term. I'd say this is a good deal. Worth a 0.25 to 1% risk shot.
Best of luck,
Ivan Labrie.
XAUUSD: Gold bottomed here, longer term trend remains up...I like the odds in buying Gold here. We started buying it yesterday, near the lows, today gives further confirmation as miners surged, and preciouis metals are posting new daily highs as well. Quarterly timeframe is in an uptrend as long as Gold holds over 1245 ish.
Best of luck,
Ivan Labrie.
XAGUSD: Silver bottomed here likely...I think Silver might have bottomed and might be about to resume the weekly bullish trend. This could evolve into a way larger move.
I'm long Gold and miners, not silver yet, but I think it's at a low risk spot to start accumulating positions over a few days.
Best of luck,
Ivan Labrie.
USDCNH: Weekly downtrend expirations...Weekly T@M signals imply $USDCNH might be basing before rallying from this juncture. Will be interesting to monitor developments in this pair, as fundamentals present complex issues, related to trade talks with the US and the price of commodities as well.
The largest distribution pattern led to a signal that exceeded the target, but ran out of time, followed by a smaller distribution pattern, which is 1 week before its time expiration. IF price doesn't go any lower, odds are this pair bottomed here and will retest recent highs, and possibly trend even higher over time.
Best of luck,
Ivan Labrie.
TSLA: Weekly downtrend expires next week...I think a drop after earnings would be a low risk buying opportunity in $TSLA. Longer term trends remain up, and sentiment is close to a massive bottom around these parts, and given fundamentals for the company becoming better and better over time, I want to buy when it falls...
Best of luck,
Ivan Labrie.
TSLA: RgMov shows sentiment bottomed, long term buying op$TSLA offers a long term buying opportunity here, I'm long from around these parts with a 10% allocation and no stop loss currently. I'd reccomend exposures between 5 and 10%, but you could make the position bigger if you only hold few stocks in your portfolio. In my case I split funds between crypto, stocks and FX/Commodities accounts, and I'd reccomend you to do the same to maximize returns.
Best of luck,
Ivan Labrie.
XAUUSD: UpdateWe will rebuy our #XAUUSD position soon, weekly chart indicates a new trend signal is now active, looking to add on dips from here onwards, nice upside potential, for both weekly and quarterly charts. The Q1 close confirmed a quarterly explosion pattern trend signal, which implies we may go towards really lofty targets by Q1 2021 or sooner. Target #1 is visible here, targets #2 and #3 have lower odds but also possible and sit at 2082.53 and 2692.72 respectively.
I'm long $GOLD (Barrick) as well, holding it for as long as possible, most likely until we anticipate some kind of major retrace...same is true for $XAUUSD, since the trend may last for a year, I will try to reduce drawdowns from simply holding a long open from here until Q1 2021, shorting when necessary or adding longs on short term entries as well but without closing our base position.
Best of luck,
Ivan Labrie.
AUDCHF: Weekly trend activeAUD pairs are acting strong, weekly $AUDUSD flashed the buy signal I was anticipating (although it first shook traders out...including me!).
If we get the chance we may join back on dips, same in other pairs, like $AUDCHF, $AUDCAD, $AUDJPY, maybe short $EURAUD, $GBPAUD...
Best of luck,
Ivan Labrie.
BTCUSD: Trend analysis updateExpect sideways movement once $BTCUSD retests the $6500 region, it might take multiple shake outs and sideways moves before sentiment resets by then, since it will most likely get 'too positive' to keep trending up, and, it also will need time to work through supply from the downtrend mode. This might end up becoming the new '1000 year bull run' uptrend mode in the 2-month timeframe.
The previous 2-M timeframe mode consisted of 10 bars, followed by a trend signal confirmation in the form of a large Range Expansion bar, which was subsequently followed by a retracement in the next 2-M bar, which was a tremendous buy opportunity...). In fact, every time there was a 2-M bullish range expansion, a sizeable correction followed in the next two months, which gave a perfect long entry to increase the returns of bullish traders. I have managed to avoid most large corrections for the most part, and buy near the bottom of each of these retracements in the previous trends, hopefully this time around I can do the same. Sentiment and technicals were extremely useful to ride this trend.
Best of luck,
Ivan Labrie.
TL, DR for lazy people: We go higher, then sideways, don't expect to get rich overnight if long, until after Q4 2019, we won't get a mostly vertical run again.
p.s.: if you needed the short version, it won't hurt you to read more and take more time to absorb information without requiring constant stimuli to keep you aroused. /end rant
$CGC: Good buy entry here$CGC has reached support at the bottom of the 'Jeff Sessions resignation' key level. There's an active monthly uptrend, daily is oversold and making a higher high above a previous day high, whilst RgMov shows an active daily uptrend, so this would qualify as a valid long entry. You can risk either 3 daily ATR down, a drop under this last daily lowest low, use a monthly mode stop loss @ 25.28 for sizing, or size it for a long term position with 1-10% exposure and no stop.
Best of luck,
Ivan Labrie.
ACB & CGC: Trending?Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest.
I'm long from this zone, was long from 6.26 on $ACB, and sold at 8.08:
Was long $CGC from 47.4, and sold at 49.33, then bought back recently near support, selling in profit on Friday once again.
We reentered today, and looking to profit from the next uptrend, that might confirm if $ACB earnings make the stocks gap up tomorrow.
Tread carefully, this trend might be similar to jumping into crypto by the time $BTCUSD shot from 10k to almost 20k in late 2017. Retail traders starting to get involved, institutional investors getting more confident and adding.
Best of luck,
Ivan Labrie.
ACB: Monthly Time@Mode trend in action!$ACB presents a very interesting monthly buying opportunity here, with tremendous upside potential (not devoid of significant risk).
It's at a great spot for long term acquisition here, so I issued a buy signal for my clients today. If the market fails to hold up and goes below 7.56, this company is in problems...as long as holding above, we have 14 months to reach the 36 handle zone.
$CGC has outperformed it for now, but I like the chart and the less crowded trade present in this stock.
Best of luck!
Ivan Labrie.
AUDUSD: Aussie could have bottomed here...I'm long, there's an explosive technical chart at play here, if it accelerates soon, a very sharp move will start from this juncture.
Copper is also set up to move up explosively, and I see bullish patterns in multiple currency pairs like $CADUSD and $EURUSD (which we are already long from the lows). Commodities also exhibit bullish patterns, like $NGAS, $XAGUSD, $XAUUSD, Cocoa, Cotton, Soybeans, Ethanol and a few others...Maybe the dollar weakens from here onwards?
Either way, it's a good opportunity to ride a potentially large trend with a relatively tight stop, below recent daily lows or weekly lows, or 1 ATR below -daily tf-.
Best of luck!
Ivan Labrie.
USDARS: Might be about to trend up sharply...As everyone has been saying, $USDARS will likely get close to the $50 mark, a 2W timeframe Time@Mode signal kicked off, and it's already active for 2 bars, out of 10 that are forecasted as part of the uptrend. This rally has 3 possible targets which are laid out on chart, valid for as long as the time lasts, or as long as $USDARS trades above the 37 mark.
I wouldn't reccomend to hold ARS for long if you have income in pesos.
Best of luck,
Ivan Labrie.
Sugar: Interesting uptrend here...I'm monitoring $SUGARUSD here for a weekly and daily long entry on retrace -if it ever comes-, otherwise paying up for it might be worth it, given how strong the chart looks. Could sharply rise from this juncture immediately after the market opens too.
The targets on chart are the weekly range targets, corresponding to a Time@Mode signal active as long as we hold over 0.1236. The daily has a bullish trend as well, which kicked in on Friday. Entering at market or on dips would be a viable trade.
Best of luck,
Ivan Labrie.