U/J: the Cup ‘n’ Handle does not seem to have evolved on the 4hr chart of the U/J but I haven’t given up on my weekly chart version!
Friday 18th Oct (4.40 pm)
S&P500: The S&P500 Ichimoku daily chart looks like it could be setting up for a bullish Tenkan/Kijun cross. This has not evolved yet but may do so over coming sessions and needs watching. Any bullish cross that does evolve would be deemed a ‘strong signal’ as the cross would be positioned above the Ichimoku Cloud. One to watch guys!
Friday 18th Oct (3.45 pm)
I’m back from hospitals and highways!
Indices: There is still a ‘risk on’ Ichimoku alignment across the indies and I’m on the lookout for signals in line with this sentiment.
EURX: The parent in me wants to give the EURX one big ‘high five’ and a ‘well done’. It’s finally closed above the monthly 200 EMA. It only took it 10 months of trying!
USDX: is still down:
S&P500: it would come as no surprise that this gave a great SPY trading opportunity during the US session:
E/U: this signal kicked on to give up to 60 pips. Note how price has closed above the key 1.365 level. I took this long.
A/U: this signal is still going and has given 160 pips:
Cable: this gave a TS signal off my midnight candle and has yielded up to 60 pips.
Nothing else cooking at the moment.
Thursday 17th Oct (10.30 pm)
Indices: there has been a break down on the USDX and a break above the monthly 200 EMA for the EURX. This is a significant development.:
Ichimoku Index alignment: we are back to having a ‘risk on’ Ichimoku alignment across the 4hr and daily charts on the USDX and EURX.
E/U: a TS signal did form up on the 8pm candle. Note also how price is near the major S/R level of 1.365:
A/U: this signal has kicked on now too:
Kiwi: No TS signal here but a triangle break that is zooming along:
Swissie: a new TS signal here:
Silver and Gold: these are breaking up from their bullish descending wedge patterns:
I am away tomorrow morning but will update when I can.
Thursday 17th Oct (5.15 pm)
Indices: the USDX is looking the weaker of the two:
E/U: it looks like a signal is trying to build up here but I’ll need my 8 pm candle close:
Cable: maybe here too!
EUR/AUD: this TS signal has now closed:
My collapsed lung son isn’t well and we’re heading back off to hospital so…. TS signals might just have to wait a bit I’m afraid.
Also, I’m supposed to head interstate again tomorrow and won’t update during the morning.
Thursday 17th Oct (3.40 pm)
Indices: it looks like a ‘Battle of the Ascending Triangles’ is on:
Thursday 17th Oct (3 pm)
Indices: the USDX is back below the weekly 200 EMA and the EURX keeps heading higher towards the resistance of the monthly 200 EMA:
I keep wondering if we will get a return to any classic style of ‘risk on’ if the EURX does manage to break up over the monthly 200 EMA? I am seeing varying reports that the days of traditional ‘risk on’ / ‘risk off’ are long gone but I am yet to be convinced. The EURX has essentially chopped around under this major resistance for most of this year since making an initial attempt back in January. I consider that much of this year has been choppy due to this struggle. I believe that we need a clean make or break of this level before any kind of ‘normality’ or momentum can return.
Thursday 17th Oct (6.30 am)
Tortoise and Hare: My option trades are definitely more of the ‘Tortoise’ type! I sold Puts yesterday on INTC and MSFT that close out tomorrow. The gains seem small but crunching the numbers for a 3 day trade gives a slightly different view:
INTC: (11 cents/$22) x (365/3) = 60% AROIC
MSFT: (15 cents/$34) x (365/3) = 53% AROIC
Thursday 17th Oct (6 am)
EURX: the monthly 200 EMA is still a major hurdle for this index but it looks like it hasn’t given up just yet!
Stocks: have rallied on the US news and would have given another great, low risk SPY option trade during the US session:
A/U: TS signal still going:
A/J: the bullish wedge break has now given up to 270 pips!
E/A: still going too:
Cable: the hourly chart inverse H&S gave a few scalping pips BUT the daily support trend line seems to be the major guide here:
Kiwi: still going strong!
U/J: there has been a bullish break up and out of the Cup ‘n’ Handle pattern. The break has been tested and it remains now to be seen if there will be bullish continuation:
GBP/AUD: as suspected, price has fallen back away after testing the broken trend line!
Gold: is also below support of $1,300 but only just:
Wednesday 16th Oct (8 pm)
EURX: holding up for now
A/U signal still positive
GBP/AUD: back at the broken trend line and closed for a 50 loss:
E/U: no signal but holding above the 1.35:
Cable: news helped the inverse H&S to form up!
Kiwi: the triangle break and close above 0.835 has yielded up to 70 pips:
U/J: I still see a bullish ‘Cup ‘n’ Handle’ pattern forming up here:
Wednesday 16th Oct (6.30 pm)
Cable hourly chart: a bullish ‘inverse H&S’ pattern? Neck line would be at the 1.6:
Wednesday 16th Oct (3.45 pm)
U/J: a bullish Cup ‘n’ Handle pattern setting up?
Wednesday 16th Oct (2 pm)
Wednesday 16th Oct (12.45 pm)
EUR/USD: This video from Dean Malone just came into my e-mail. It is worth watching.
Wednesday 16th Oct (12.30 pm)
USDX: this rallied over night but stalled at the 50% fib retrace level. This is the 50% pullback move from the last swing high (mid 2010) to swing low (April 2011) and is best seen on the monthly chart:
USDX 4 hr
Wednesday 16th Oct (7 am)
Tuesday 15th Oct (8 pm)
E/U: trying to form anew TS short:
E/J: this long signal has closed:
Tuesday 15th Oct (6.20 pm)
I have updated my Stocks:Oct page with a look at the Financial ETF: XLF.
Tuesday 15th Oct (5.30 pm)
E/J: stalling but has given 130:
Tuesday 15th Oct (12.45 pm)
Tuesday 15th Oct (10.40 am)
E/U: this signal has closed off for -20
Tuesday 15th Oct (8.30 am)
Indices: haven’t moved too far:
Monday 14th Oct (7.40 pm)
Kiwi: looking bullish at the moment.
Monday 14th Oct (5.30 pm)
Stocks: I’ve posted some charts in my Stocks: Oct page of stocks that have my interest as they push up against trend lines.