Unofficial Trade Ideas Archives | Right Side Of The Chart

Lumber Futures & Timber Sector Analysis

Lumber futures (/LB) look to be headed back down to the 540 & 531.50 levels in the coming days to weeks as indicated on this 60-minute chart below. LB 60-min April 23rd Looking at the bigger picture via this daily chart of WOOD (Timber & Forestry Index ETF), the timber & forestry sector appears poised for at least a 14% correction off last week's highs & a drop of as much as 22% in the coming weeks to months. I plan to zero in on some price targets for WOOD & will likely add it as an official trade [...]

2018-04-23T11:07:24+00:00 Apr 23, 2018 11:06am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: /LB, CUT, WOOD|0 Comments

QQQ & /NQ Analysis & Price Targets

Nasdaq 100 E-mini futures (/NQ) just kissed the 6660.33 support level, so far bouncing. Should NQ take another thrust down to test or slight undercut of the 6645.60ish support & reverse, it will have put in bullish divergences on this 15-minute time frame, offering an objective long entry for a swing trade with targets around 6705 & 6743. That would be my alternative scenario (white) with my preferred scenario being that the pullback shortly after the open will be the low for the day & possibly the week with the $NDX rallying from there (orange). My comparable price target on QQQ [...]

2018-04-23T10:31:37+00:00 Apr 23, 2018 10:31am|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: $NDX, NQ, QQQ|2 Comments

GBTC & Bitcoin Futures Targets Hit, Pullback Likely

/GXBT (Bitcoin Futures) are approaching the 9082 resistance level with negative divergences in place on this 60-min time frame which increases the odds of a pullback soon while GBTC (Bitcoin Investment Trust), both unofficial trade ideas, has gapped about my 15.00 price target, trading as high as 15.50 shortly after the open today & at 15.43 at this time. GXBT 60-min April 23rd click to expand image, then use scroll-wheel or touchpad to pan & zoom or pinch-zoom on mobile My expectation is for a relatively minor pullback to about the 8600 to 8450 level on /GXBT which may [...]

2018-04-23T09:57:37+00:00 Apr 23, 2018 9:57am|Categories: Forex (Currencies), Unofficial Long Ideas|Tags: /GXBT, GBTC|0 Comments

QQQ Poised to Reverse & Rally Into the Close

QQQ looks primed for a nice rally in the final 30 minutes of trading today with an objective long entry here with a stop somewhat below for a potential day trading opp for aggressive/active traders. The 60-min PPO signal line (an intermediate-term trend indicator) is still bullish, testing the zero level now while QQQ falls to the key 161.66ish support level & /NQ (Nasdaq 100 Emini futures) also fall to key support. Unofficial trade idea only. Another options is a hybrid swing/day trade where a day trade (over-sized) position is taken here, closing the bulk out before the close, [...]

2018-04-20T15:28:06+00:00 Apr 20, 2018 3:27pm|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: $NDX, NQ, QQQ|9 Comments

Bitcoin Futures On Watch for Breakout

/GXBT (Bitcoin futures) are close to testing the aforementioned 8370-ish resistance level which could spark the next rally if taken out when trading resumes on Sunday evening or sometime next week. My next price target remains 9082 which would account for a rally of about another 8% or so if hit. 60-minute chart below: GXBT 60-min April 19th

2018-04-19T16:03:11+00:00 Apr 19, 2018 4:03pm|Categories: Forex (Currencies), Unofficial Long Ideas|Tags: /GXBT, GBTC|1 Comment

Crude Oil Trade Setup Pending

/CL (crude futures)finally appears ready to give up the ghost. Inverse (bearish) crude ETN's are still on standby for official short trade ideas pending some half-decent evidence of a reversal. 60-minute chart of crude futures below. CL 60-min April 19th Counter-trend rallies aside, my expectation is for a move back down to the 12.15 area in USO which would represent a drop of ~13% from current levels. Daily chart below. USO daily April 19th

2018-04-19T12:18:44+00:00 Apr 19, 2018 12:18pm|Categories: Gold & Commodities, Unofficial Short Ideas|Tags: $WTIC, CL, USO|0 Comments

QQQ & SPY Rising Wedge Breakdowns or Fakedowns?

In this video I provide an update to the recently highlighted bearish rising wedges on the 15-60 minute charts of QQQ & SPY along with my expectation that not only with those wedges breakdown today, but the breakdowns will likely provide false sell signals, aka bear-traps, with the stock market reversing & going on to rally shortly after the breakdowns. Video length is under 10 minutes. Playback speed can be increased in the settings to reduce the duration of the video as well. ?

2018-04-13T10:53:45+00:00 Apr 13, 2018 10:53am|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: $NDX, $SPX, QQQ, SPY|11 Comments