OIL Forecast 8/2/16
It’s been a while since we looked at oil. the ETF that tracks the price of West Texas Intermediate Crude… This instrument is moving down to test areas of support and might offer some long exposure in the future.
It’s been a while since we looked at oil. the ETF that tracks the price of West Texas Intermediate Crude… This instrument is moving down to test areas of support and might offer some long exposure in the future.
The S&P 500 index proxy (SPY) been stuck in a tight range due to some historic options imbalances. This is likely to unwind in a highly volatile manner and keeps us happy to be in cash while we wait for things to unfold.
Western Digital Corp. (NASDAQ:WDC) was a trade we recently passed on, because the odds showed us that the breakout was likely to be unsustainable. How that breakout ended is more proof about the power of The 3D Apex Probability Analysis Layer™
The S&P 500 index proxy (SPY) has rallied up into what we believe will one final push to the upside. There may need to be a few digestion cycles before a sustainable top can form, but our model indicates that this is the last chance to exit the bull market before the wheels come…
CF Industries (NYSE:CF) stopped out as price reached less than $0.10 below the lows of the green zone. This looked like a targeted liquidity event based on about 100,000 shares set as a stop loss at that level which created a liquidity inversion. We are careful to measure and balance the liquidity that our…
Western Digital Corp. (NASDAQ:WDC) has broken out to the upside, which negates it as a high probability trade for us. We are taking this stock off our radar, and will look elsewhere for opportunity next week.
The Gold ETF (NYSE:GLD) is in correction mode after a large rally to the upside. We are forecasting that this correction will take price lower before a sustainable bottom can form which would allow price to retest the highs and break out to the upside.
Western Digital Corp. (NASDAQ:WDC) has rewarded our long lived patience by finally shifting power to the bullish side. One more wave of selling is needed to take prices down to attractive levels within the green zone, and if that can occur, we would forecast that this stock will retest the highs and perhaps break…
CF Industries (NYSE:CF) is digesting its recent gains, and is reaching down into an area our models indicate should offer a low risk opportunity to take some long exposure within the green zone for a rally up to test the area highlighted in blue.
The S&P 500 index proxy (SPY) has rallied up into what we believe will one final push to the upside. There may need to be a few digestion cycles before a sustainable top can form, but our model indicates that this is the last chance to exit the bull market before the wheels come…