TEVA: Potential monthly bottom spottedI'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism.
Good luck!
Ivan Labrie
Timeatmode
RSX: Time@Mode case study - Weekly uptrend, new signal soonThe Russian stock market index ETF is acting strongly. I think we can expect continuation of the uptrend within a couple weeks. So, try to go long on dips if not already in. I'm long using $EEM personally, but, both are good now. Longer term, the trend could evolve into a monthly rally, so I wouldn't want to miss it early on.
You can see how the trends acted and were predictable using the 'Time at mode' methodology in this timeframe. The last signal time expired, so we are waiting for a new 14 week or longer uptrend signal to form here. Potentially, it can rally following the yellow arrow on chart, if it does indeed trigger a new uptrend signal.
Good luck,
Ivan Labrie.
BMA: Holding longsThe trend is very strong in the monthly timeframe. Every single signal has worked, telling us before hand what the market would do, with actionable setups and extremely perfect accuracy. BMA is a good performer, with still a modest valuation, and expected to deliver in the coming months, specially if the government's infrastructure plans pan out favorably, since they are going to benefit from it, being the largest bank outside of Buenos Aires. You can read more about it here: xbma.org
The daily chart offers a good low risk entry here, in case you missed it at lower levels. I'll add the ADR chart in the comments.
Cheers,
Ivan Labrie.
Gold: Long term buy planWe can buy gold in this manner. It's better to buy on down days, ideally between 1210 and 1202, but it will be harder to go that low. Buying under 1222 is ok overall, but better to only buy on each day when the market is down enough and hits support.
Buy for 2 weeks at least, or maybe until April 21st. After this date, the market can break the top and go way higher. I don't think it can break out before April 3rd, at the very least, simply not likely.
Takes time to absorb the selling to break the resistance from old resistance levels.
This is a good asset to own in your portfolio, together with silver and a few currencies, as part of a diversified long term investment plan. A 10-30% position is optimal here. You'd start buying 2.27oz per day, for 11 days, but you could buy more if you can buy at lower levels, just aim to risk 0.25-0.5-1% if stopped out after you buy the whole position. You might end up holding a much larger position if adding more buys at lower prices.
Good luck,
Ivan Labrie.
Peru: 75% upside in Peru in the long termLooks like a very low risk buy opportunity, as part of an investment in emerging markets.
The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.
Good luck,
Ivan Labrie.
USDSEK: UpdateIf anyone followed my last update in my previous $USDSEK post, you are back in the long and in profit. Keep an eye on resistance here to see if we break through, and march to 9. If we do break the top of the range, we could trend higher, for a long time, otherwise we might form some kind of sideways pattern, or a triangle.
I labeled some of the signals from the 'Time at Mode' method on chart. You can see how it perfectly describes the rally from support, and the retracement and eventual bearish failure after the rally off the top of the Brexit range.
Cheers,
Ivan Labrie/
ZECXBT: Bottom spottedI think there's good odds that is the end of the ZECXBT pullback, so I expect a sharp rally starting tomorrow. I've been accumulating for some time, and my average entry is quite good, and currently in profit, so I am willing to let it run to see if we trigger a new uptrend, in which case I would be adding shorter term trades, aiming to capture the potential upside the chart implies here.
From the fiat chart, we also get good signals, showing strong hands are holding the market up.
It's just awaiting a catalyst to take off, so, I will continue to hold and rebalance my positions for now.
Best of luck,
Ivan Labrie.
ZEC/DASH+XMR: Probably good to swap your XMR and DASH for ZECLooks like a turning point here in the ratio chart of these coins pitted against ZEC. ZECEUR and ZECXBT hit a huge support level which is an ideal long entry, so, if interested in riding the potential uptrend continuation play in it, consider taking at least partial profits from any holdings in DASH or XMR that you may have, to invest in ZEC. It is relatively stronger now, and also cheaper, so, it might catch up to these two other similar assets.
Cheers,
Ivan Labrie.
Zcash: Potentially catching up with DASH and XMRI think ZEC will be an interesting investment, but it's not safe to just enter a big position at market. I'll leave the specifics of the entry and trading strategy for my private signals group.
I wanted to share my expectations here, keep an eye on it, don't miss out on the potential upside.
Fundamentals are interesting, with the involvement of Zec developers with the Enterprise Ethereum Alliance project, potential for Alphabay to incorporate it as a payment method, and interesting price action, I think this is a solid long term bottom in this currency.
Good luck,
Ivan Labrie.
BTCUSD: At the ETF key levelI think we can see sideways action in Bitcoin here, which could imply upside for altcoins while it lasts perhaps. I would want to see it hold for one day above the key level, to aim for higher levels. Otherwise we might either form a daily mode around here before breaking the resistance, or go back down to support, to then rebound higher.
The theme is that the long term trend is intact, and it's bullish, so, you should strive to buy oversold dips into support, but not get enamored with positions that exceed your long term allocation of 20% of the crypto account. It's a good time to reduce exposure, and getting rid of margin longs for sure. If anything, lend to margin traders yourself.
Good luck,
Ivan Labrie.
BTCUSD: Trend is up in the long term, but fundamentals are riskyI'm watching weekly CCI here. Maybe we go into a triangle here, until the risks are out of the way.
This is what I see as most probable. Not a huge drop, like most think, but it can also happen.
For that reason, to prevent losing my huge profits I got in the past two years, I have reduced my position to 20%, which I never sell. I also hold 20% in ETH spot.
I am hedged via a margin position too, and waiting to exit the hedge and look to trade BTC once the dust settles.
For now, take a break gents, relax, watch oversold readings in CCI in the weekly. Don't oversize trades, don't use leverage if possible. It's a two edged blade.
If we don't hold support at 880-920, we could see a significant decline back to lower support levels. I don't it'll happen, but better be prepared in case it does (here's when the margin positions help with hedging our risk).
Good luck,
Ivan Labrie.
BTCUSD: Potential bottom after a bearish sentiment extremeI think BTC has bottomed here. I resumed my spot long position at roughly 864 euros earlier.
I only had a 20% long position, and the rest in cash and ZEC, MLN and ETH.
My clients and me have been riding the uptrend with great success, and reducing risk during market corrections. It's not yet clear if the trend will resume yet, but, this was a good low risk level to try and join it once more.
Keep in mind I keep a core long term position open at all times, which I never sell, and the same is true of ETH, and maybe ZEC too soon.
If interested in learning more, or gaining access to my private signals group, contact me via pm.
Good luck,
Ivan Labrie.
GBPJPY: If it breaks the weekly mode, it can soarI'm long $GBPJPY, as part of my FX portfolio, I think we might see an increase in FDI in Great Britain, after the Brexit vote. The Yen lets foreign investors acquire free money to invest in US and UK assets. The chart is interesting here, so it's probably a good pair to trade on the long side.
The spread in the UK stock market compared to the European one is interesting as well.
I like the potential short squeeze in the Pound to further boost this trade once commercial shorts unwind.
Good luck,
Ivan Labrie.
GBPUSD: Intraday trend analysisGBPUSD appears to have an 8h timeframe trend here. There's risk of this becoming a 'Brexit flash crash #2' situation, considering how the intraday trend time and price target imply a potential turning point when the news come out. My reccomendation is, either to stand aside. I think the market will frustrate the most people, and not start a big trend, neither up or down, simply, staying in a larger triangle/sideways pattern consolidation.
If the market is range bound, fading the range extremes will prove to be profitable. I have my doubts about the dollar, since it appears to have a major topping pattern, but I reccommend caution here, perhaps it's best to trade after the news effects are known, so it might be feasible to trade technical short term trends, both up and down in FX, for a good while. If this indeed breaks up, then we could see a trend gain traction in the long term, which would be beneficial for emerging markets, and also give us more interesting trading opportunities.
Let's wait and see.
Cheers,
Ivan Labrie.
ARSUSD: Hold pesos, term deposits yield 17% per yearI'd hold pesos now, personally. As part of my currency holdings. I wouldn't be in USD if possible, and would prefer other assets, like foreign currencies, EEM shares vs SPY shorts, TLT longs, gold/silver/bitcoin/ethereum, undervalued selected stocks, TSLA shares, VLKAY shares, perhaps the new COIN etf shares once they are released, Argentinian stocks on corrections or dips, names like BMA, CRES, IRSA are my favorites. I'm out of them, but looking to rebuy on dips.
People are terrified, they fear a crisis, they fear the local currency and stocks, they fear Trump...Many are closing businesses they recently opened, out of fear of the government's actions but I think it's a sentiment extreme and should be faded. I remain optimistic.
Good luck,
Ivan Labrie.
SPX: Breakdown of the downtrend, and longer term signalsSPX is getting extremely interesting, now that VIX has spiked for more than 5 points on the current market decline. I'm monitoring the decline to catch the exact bottom in the market, which I think can end up matching the bottom in oil, and the energy sector, and a great chance to add to my EEM longs too, and acquire more latin american stocks.
I updated my time at mode analysis for SPX in the yearly timeframe, and there's a target at 2987usd, so, we might end up seeing that after the correction bottoms.
Best of luck,
Ivan Labrie.
Time At Mode Methodology in $SPY Daily & WeeklyFrom the low in November in the 5% "lock-limit-down" move after the US Presidential Election, we begin a new UPTREND.
I updated the trading chat room "Key Hidden Levels" with this analysis as the rally unfolded out of the December-January trading range that is shown where there are 20-days at one price. There were also 7-weeks at one price, which implies that the market would advance for both 20-days and for 7-weeks once it "disconnected" from that price. Disconnected means to "range expand away from" the mode and to trade with an entire range above the mode. You can see both did that where I have yellow and red arrows marking Day-1 and Week-1.
The rally time has exhausted, and typically that means you have an amount of time equal to the rally to congest and test the mode. If the mode holds, then assume a larger uptrend. You can trade short for the next few days or the next few weeks, but keep in mind that I didn't analyze the monthly trend on this chart.
Either way, I just wanted to show you how mechanically and mathematically we analyze trends in the "Key Hidden Levels Chat Room." Sidenote: We do use emotions too, but that's for another chart on another day.
Cheers,
Tim
FB: Let's patiently wait, to short higher$FB's looking like it has more upside here, but I refuse to invest in it, other than on short positions out of principle. It appears like we have one last monthly uptrend signal active in the stock, which implies price will hit 159.78, where it can potentially top and go back down to 116.17-115.88.
Let's wait and see, there's plenty of time and room to go higher before this is a safe short,
Good luck,
Ivan Labrie.
DXY: Potentially a short hereYou can try averaging into a short position during the next 3 days, risking 3 average ranges from the last closing price, or, risk taking a tighter stop trade, ideally above 101.75 (but you could start with a half position at market).
The dollar appears to be at a significant intermediate term top, but it could also remain sideways. It's worth a try in this particular juncture.
Long $EEM, long Canadian dollar, Aussie, Pound, Euro, are probably good ideas. Short oil as a pair against CAD...quite a few proxies for this.
These trades serve as a nice hedge to long US equities exposure too, at the same time.
Good luck,
Ivan Labrie.
EURUSD: Intermediate term viewI think we can see a sharp rally back to the 2-month timeframe downtrend mode, as explained in my long term view chart. We can look to add on dips to 1.0564, with stops at 1.0505, or simply, add after each time the market moves 1 average range in profit, on setbacks. Note the triangle I highlight, constructed using the highest low before the election, the lowest high at the bottom, and the recent highest low before this last selloff in the Euro, which formed the 'Right shoulder' of our bottoming pattern. These trendlines are quite significant, so keep an eye on them for the breakout.
It's viable to keep stops far from the action now, to give this setup enough time to pan out, but if you're actively trading, you can also trade around the core position, in the short term. I leave that up to your discretion, just consider the main bias here is long.
We need to see 1.07396 hit within 3 days, ideally, which will probably be followed by stagnation, until we can break the 'neckline' here (happens to align with an ECB key resistance level (labeled by the green line near the recent highs.).
Good luck,
Ivan Labrie.
GBPUSD: It should hold this level, else it's deadThe Pound reached a critical support level. If we see the market hold here, it'll go back to the top of the range, or it could even start an uptrend in the weekly or monthly.
I'd reccomend risking 1-3 average ranges down from the low if going long. I already bought a bit lower before publishing, sorry for that. I bought at 1.2222, but it's still good around here.
Good luck!
Ivan Labrie.
SPX: Sellers trapped hereWe have a bullish signal in $SPX ahead of FOMC. I'd assume most people are bearish on the index, since they all expect a drastic reaction to an almost dead certain rate hike by the Fed (I'm not so sure they will actually raise rates this time, or if they do, that the effect will be what people expect).
I'm long a few quality stocks, and recently entered positions in the Argentinian stock market index ETF, ARGT. I'd expect the 2nd target from the election low to be hit soon, roughly: 2528.50. The weekly trend has 2 weeks left, and has already exceeded its forecasted range target, but considering sentiment, Goldman's contrarian signal (downgraded stocks today), the VIX*SKEW signal Tim West discussed today in the KHL chatroom, and the technicals in the $SPX chart, I do think we can go a lot higher still.
If not long, you may jump in here, risking 1-3 average ranges (14.46-43.38 points) under yesterday's low.
Good luck!
Ivan Labrie.