XAUUSD: Monthly oversold, in an uptrend...There's a chance we have the bottom in place here, I'm holding longs, aiming for a daily target to be hit by August 1st, but there's a chance this rally extends further and triggers a bigger short squeeze, pushing gold to 1550-1650 over time. Commitment of traders data shows commercial hedgers have been unwinding short positions, which has been a signal for local intermediate term bottoms, like the ones in Dec 2015, Dec 2016, July 2017 and Dec 2017.
Quarterly support held, we have a very oversold signal here and good evidence to support a rally in gold, commodities and currencies against the dollar. I still hold long positions in equities, but I have longs in EURUSD and Gold as well.
As a sidenote, recently I reached extreme levels of capitulation, personally, trying to go long prematurely before, and I saw that Peter Schiff was talking positively about Bitcoin after a debate with Erik Vorhees, and even was seen sending his first Bitcoin transaction. I see this as more evidence of a bottom in gold here, thinking like a contrarian.
Best of luck,
Ivan Labrie.
Timeatmode
TLT: Immediate upside likely...$TLT (or futures) offer a good long entry here, with a relatively big risk/reward ratio if the trade pans out favorably. I'd say odds are 65% it does work, so definitely worth a try.
With stocks and gold down for the day I'm inclined to get some exposure here to hedge my portfolio.
Best of luck,
Ivan Labrie.
XAUUSD: Potential bottom spotted...tight stop!Gold appears to have bottomed here. If we examine the 1h and daily timeframes we can determine that it's likely to see gold turn up from here, and in a significant manner. Both technicals and sentiment data align, presenting a very compelling case for the bullish setup on chart. I'd reccomend entering longs at market open in this case, but it doesn't hurt to use some discretion and entering after the market opens and trades for a few minutes, or even after Monday's NY close for a more conservative trader.
Hourly bars have an uptrend signal active, and daily looks strong after having exhausted technical downside for the last daily decline signal.
CoT positioning shows a very interesting pattern, ever since Gold topped in 2011: imgur.com
I'd expect a anywhere between $100 and $300 up from here at the very least, as long as this bottom holds.
Best of luck,
Ivan Labrie.
$MU: Buy on dips, yearly uptrend active...$MU is now cash positive, doing great progress in containing debt and investing in CAPEX. They have a significant advantage in the NAND space and are investing heavily in it. Very good valuation here, and trending up, an easy buy for the long term.
Cheers,
Ivan Labrie.
Inverse Berkshire Hathaway: Short Buffet?Just something that came up in the KHL chatroom. Looks like an explosive downtrend, if you flip it over, looks even clearer...as a massive uptrend signal.
Let's see how it goes. I'm flat, won't trade it, but definitely interesting to observe.
Cheers,
Ivan Labrie.
BLX: Monthly view, and initial 2013 top...Very interesting how these trends panned out, with a more complete data set we can see that a target zone between 950 and 1850 was established as a potential topping zone well in advance while the price was close to $100...
Time @ mode analysis of multiple timeframes, using the system's rules would have let you ride most profitable segments of the trend and avoid drawdowns moving to cash efficiently when needed -or going short-.
I haven't included lower than weekly data but we also had multiple signals in the daily-3-day timeframe charts that would have given us additional details and precision. Adding in emotional signals/sentiment data, and fundamental analysis and factors, like key hidden levels of support and resistance from fundamental events, among others, the picture becomes even clearer.
Cheers,
Ivan Labrie.
BLX: Great historical data - Time at mode breakdown of BitcoinI'll cover all the main weekly, monthly, and bimonthly trends in $BTC, using the $BLX chart, which very interestingly contains historical data older than what Bitstamp offered until now at Tradingview. Great addition!
You can see how the trends work, and how Time @ Mode would have let you ride them all with great precision, and specially, told you 'when to fold 'em' right before huge drawdowns.
I won't get into too many specific details about how to combine these techniques and timeframes systematically to find the key turning points since that is the secret sauce of this method, but will illustrate some of the main signals we had over the years.
Cheers,
Ivan Labrie.
ETHEUR: Long term trend analysisThis is an additional chart showing how the current bearish signals align with the potentially longer term bullish trend in Ethereum. I'll be watching closely but not shorting it personally. My goal is to look into buying opportunities at the very bottom of this decline to keep a long term position off exchange, similarly to $BTC. I am short $BTC though, since I keep a % of my crypto capital allocated in trading actively in and out of $BTC, both long and short while the bear market lasts.
Best of luck,
Ivan Labrie.
GE: Bottom's in!$GE was kicked out of the DJIA, this is a massively bullish contrarian signal. It is very clear we have seen the bottom here. With the new CEO shaking things up already, the only problem in sight is the mountains of debt the company has. Definitely worth a punt, given the huge reward to risk ratio here. You may try a tight stop, with small risk in the trade if brave, playing with out of the money call options, or some other variant of trade to gain long exposure here for the long term and as a swing trade.
Best of luck!
Ivan Labrie.
SGMO: Interesting accumulation base...Sangamo Therapeutics, Inc. is a company that develops genomic therapies, using genome editing, gene therapy, gene regulation, and cell therapy. It's an interesting addition to your swing trading portfolio, specially now that it is ready to start trending up after being accumulated after enduring an extensive correction, now trading at a 40% discount from recent highs. Price held support at the earnings key level depicted by a green horizontal ray on chart. These levels offer a crucial map for price action, that helps us determine where to act, or what to expect as far as potential upside or downside a stock has, with very good reliability. This is one of @timwest's tools that you can leverage in your own trading and investing if using the Key Hidden Levels indicator pack (after learning how to use it of course).
If the market trends up from here confirming the daily time at mode signal on chart we can expect a 20 day rally reaching the targets on chart, potentially, or even higher levels if it holds once this rally expires, and is reaccumulated at higher levels once more. We hold positions in this stock, and would hold and even add if feasible in the coming days.
Best of luck if taking the trade.
Cheers,
Ivan Labrie.
FSLR: Aggressive long...long term implicationsI like $FSLR here, I've been buying gradually for the last few days, but looking to also take a shorter term position here. It might be a good spot to buy long term OTM calls, but you can also go long with a tight stop if today we see a new daily high. If you are not positioned and looking for exposure to solar, then a 1-10% long term position built gradually during a few days up to a month would be ideal for you. Long term, the chart implies we could go to $400 without much problems.
A reminder of why solar is so bullish here: www.greentechmedia.com
Best of luck,
Ivan Labrie.
TSLA: Weekly trend active, buy on dips...I'm holding a long term position in $TSLA that we entered at $250 give or take. On top of this I plan on trading in and out of shorter term margin positions. Here we see that a weekly trend signal is active, following the Shareholder meeting today. It's likely to get some kind of dip in the coming 3 days, so I'd consider using the chance to add margin positions if retesting support below.
Best of luck,
Ivn Labrie.
PBR: Bottom's in...We are long here from 9.66ish, sadly I couldn't publish before cause I was on the go, but well. My clients and me already bought. Now it's back over the monthly mode, and a key earnings support level, so if holding over this zone,it should be safe to accumulate positions in this stock, now that buyers capitulated with news of the CEO resigning. Debt restructuring had gone very well so far, and I expect it to continue to be that way. Let's see what happens with demands from truck drivers who are in strike...Fuel prices could affect the company's returns if the government intervenes. I think it won't happen, and investor's fears of bankruptcy risk will be proven to have been overblown.
Best of luck,
Ivan Labrie.
Copper: Market barometer...Monthly trend signal activeCopper has once again fired an uptrend signal, similar to what happened during November 2016 and July 2017. If we track the relationship between copper and $EEM, $SPY, $PBR and $USOIL, we can see that every time copper breaks out into a trend, there is a bottom in in emerging markets and oil, and $SPY receives a boost if bullish, or, could form a turning point as well. Every time Copper has hit one of the targets or time targets, we had a correction in other markets shortly after.
In this regard, it acts as a very effective barometer for growth and broad market health.
I'm rotating towards EMs after having sold my hefty $SPY position yesterday at the open. I'm bullish on $EEM, $PBR, $USOIL, and others (like Argentina), the valuations are attractive and spreads vs developed markets offer a great arbitrage opportunity as well. Avid pair traders might be able to short select US equities and long EMs against, or play the spread between copper and oil that currently is an attractive proposition as well. The monthly rally in oil has at least 2-3 more months according to the signals from 'Time @ Mode' analysis that I could find, and upside to a maximum of roughly $89.
Best of luck,
Ivan Labrie.
ETHUSD: Trend signal and levels to monitor$ETH is trending down in the daily and weekly timeframes here, we can get a sizeable move down but there is significant support below. I'd be looking to go long once it's clear a bottom is reached, depending on how fundamentals evolve for Ethereum further down the road. Right now, it's the leading platform when it comes to adoption, ease of use by developers, and liquidity, as well as infrastructure wise. Risks are regulatory backlash against ICOs as securities (the ETH crowdsale itself could be up to scrutiny) as well as technical challenges and yet unforeseen possible vulnerabilities in any of the players involved in the ecosystem, being so vast and complex, and specially, risks surrounding the implementation of Proof of stake to secure the network, something yet unproven as far as security goes. The competition from ETH killers is still unproven, and way behind them in adoption, and infrastructure as well as development wise, so I wouldn't weigh that as a big risk for $ETH, more of a remote one for now. We will have to treat each coin as a case by case situation, and analyze market data as it becomes available. Jumping to conclusions and investing too big in new players might be risky. Falling for hype, even worse...
Once these issues and others are ironed out, things could get interesting, fast...I'd consider diversifying into a few other positions other than the core long term #BTC exposure I plan on having, once the bear market ends, but, sizing it to keep enough exposure in #BTC, for the most part, as well as some skin in the game in mining, etc. The upcoming G20 meeting is of special interest here.
Technicals right now show we have potential support close to $300, so, I'd keep an eye on the forecasted path and timing for the move, and monitor sentiment and fundamental developments going forward.
Cheers,
Ivan Labrie.
LTCUSD: Downtrend active, potentially explosive...I'm flat here, but I see $LTCUSD has coiled for a while and is now trending down. Once it breaks the line here in red, it will start sliding down sharply. Implications are we hit minimum target #2, but possibly all the way down to target #3 here, which would erase all the gains it made since they added Segwit to Litecoin. Talk about downside potential...
It might be worth joining the short side, either on retrace after this week, or breaking down below the level I'm setting alerts at here. I'll watch the daily and weekly charts closely to short it, if viable. Otherwise, will be glad to pick it up on the long side after this drop pans out (and Charlie Lee, will probably do the same as well...)
Best of luck,
Ivan Labrie.
BTCUSD: Weekly downtrend in control...This is the currently active trend, and possible targets for price and time. I'll be monitoring price action as well as fundamental developments and sentiment data to determine when the bottom is in, to flip long once more. For now, I will look into being in cash with my trading account, and holding shorts, and adding if viable. Additionally, I might look into other activities that can generate income in crypto, but that goes out of the scope of this publication. If interested in learning more about my trading services and strategies contact me via pm.
As far as fundamentals go, I see regulations as a potential risk from here onwards, but I think crypto is bullish in the long term, so, ultimately, I'd like to have long exposure once market turmoil ends.
Best of luck,
Ivan Labrie.
EURUSD: Bottom's in...It took a while, since we broke the low volume support above (white box), but now that we land on this strong support zone $EURUSD can find buying again and turn up for a change. This might be associated with a rally in $EEM, $TLT and commodities as well. Keep an eye out for those charts, probably some good trades to take. I'm in $TLT already, in good profit since last week, but would consider adding exposure to gold miners, and the Euro this week. I'd reccomend averaging in, but if you're adept at short term trading you can fine tune an entry with tight stops within today and tomorrow. The news this week, by the end of the week could prove dangerous though, so in my case I will opt for averaging in gradually each day of the week until Friday, using a wide stop loss to be safe. Risk reward is over 2.15:1 with that strategy, currently.
Best of luck,
Ivan Labrie.