There have been two significant trend line breakout trades but many remain in focus in the lead up to President Trump’s address to the joint session of Congress. The USD/CAD has given 120 pips in a wedge breakout and the USD/TRY over 450 pips from its wedge breakout; both wedge patterns charted and posted on […]
TMV is a triple leveraged ETF, released in 2009, that tracks 3 x the inverse performance of the NYSE 20 Year Plus Treasury Bond Index. I came across this ticker today and, whilst very cautious with leveraged ETFs, it was the technical pattern I saw on the chart that drew me right in.
The 4hr charts of some stock indices show a bit of consolidation ahead of President Trump’s address to a joint session of Congress but this gives traders trend lines to watch for any momentum-based breakout.
Silver is up testing multi-month trend lines on a number of fronts and might be worth watching for any continuation move. In this post I show charts of Silver (SI), the Silver ETF (SLV) and the Silver Miners ETF (SIL) with charts of the first two showing a daily-candle based trend line breakout. I also show one […]
These are US stocks that I’m either currently trading or considering trading. Many of them are NASDAQ stocks but, when you look at the triangle breakout on the NASDAQ monthly chart, you will see why I am encouraged by this group of stocks. I have a long history on being bullish on this index as […]