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    February 2017
    M T W T F S S
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    OpEx Ramp In Effect, Fade Likely To Begin Next Week

    Here's an updated version of the phenomenon that I refer to as "The OpEx Ramp", which is the somewhat fairly consistent historical tendency of the market to rally into standard options expiration (the 3rd Friday of each month shown with the red vertical lines) with that rally typically followed by an equal or greater correctionusually [...]

    Feb 17, 2017 3:10pm|Categories: Equity Market Analysis|Tags: , |1 Comment

    QQQ Trade Setup & Entry

    QQQ (Nasdaq 100 Tracking ETF) will be added as an official, yet somewhat aggressive short trade in anticipation of a breakdown & likely gap below this minor uptrend line next week. The final target at this time is 121.82 (or the purple uptrend line, should that come in first if/when QQQ approaches the 122 area). [...]

    GLD & GDX Technical Analysis

    I'm still leaning towards more downside in gold & the mining stocks although my conviction still isn't very strong as as such, GDX is not an official trade idea at this time. A break & close below this secondary uptrend line on this 60-minute chart of GDX in conjunction with a break below the comparable [...]

    Feb 17, 2017 12:07pm|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , |5 Comments

    QQQ & SPY Testing Uptrend Line Support

    A break & 60-minute close below this trendline/price channel on SPY in conjunction with a break below the comparable uptrend line on the 15-minute QQQ chart will likely be the catalyst for a move down to the 232 support level & ultimately beyond while a break & 60-minute close below this trendline also in conjunction [...]

    Feb 16, 2017 1:48pm|Categories: Equity Market Analysis|Tags: , , , |0 Comments

    Elevated Risk for a Stock Market Correction (video)

    This video makes the case for an impenitent correction in the US stock market most likely starting next week or possibly sooner. I also share a few trading strategies on how to capitalize on a potential swift pullback in the market while minimizing & quantifying downside risk (loss potential).

    WEAT 3rd Price Target Hit for 10% Profit

    WEAT (Wheat ETP) has hit T3 (7.61) for a 9.8% profit. As T3 is the final target for the swing trade, swing traders might consider booking full profits while longer-term traders holding out for the 4th target might consider raising stops to protect profits at this point. T4 has been set at 8.44 which is [...]

    VRX Valeant Pharmaceuticals Potential Bottoming Trade

    VRX was highlighted as a potential long-side trade idea by @qlikely in the trading room. My take on the daily chart is: A divergent low (positive/bullish divergences in place at the recent low) Breakout above the white bullish falling wedge pattern Recent breakout & low-level back-test of the primary (yellow) downtrend line. VRT daily [...]

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