Gold (Shown here as the ETF proxy GLD) is cycling back down to retest the lows of its recent range. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive price.
The S&P 500 index proxy (SPY) continues to drift higher as it challenges the red zone. It is looking like the political risk we discussed in previous videos is coming into play, we will wait and see if this trade survives or breaks above the $212 level to trigger stop loss orders.
(EUR/USD) building power to the downside and we are forecasting that a retest of the lows near 1.05 is coming…Nothing clear from an odds perspective at this time so we will keep our powder dry until better measurements show themselves.
HAL and HP both delivered the contraindication that we were worried would show…With the odds degrading back to coin flip levels, it is now time to take what profits exist and remove the risk from these trades so that we can focus on higher odds scenarios in the future.
Halliburton (NYSE:HAL) is in the middle of forming a complex correction and may test or create a false breakdown before likely reversing and heading back up into the blue zone.
(EUR/USD) is testing the bottom Ivory zone with substantial bearish power. Intra-day traders can watch for bearish price formations while multi day traders wait for a better daily entry to form.
Helmerich & Payne, Inc. (HP) is chopping its way through a complex correction. We will stick to the plan until a contraindication is seen, or the blue zone is tested.
The S&P 500 index proxy (SPY) continues to drift higher as it challenges the red zone. There is still some short term power to be digested before the bears come back in earnest, so we are expecting to see a retest or a slight push higher before a sustainable top can be built.
The S&P 500 index proxy (SPY) has followed through to the upside just as we forecast. Now that the short squeeze has successfully cleared out the stops, it is likely to stall out and reverse. This reversal should be “it”, so we are interested in building a strategic position on the short side in the…
