($FCG) I have bought at the open a second position in the Natural Gas Producers ETF, which is three times larger than my first position in this ETF. This position is more a buy and hold position than a trading position.
Friday, January 16, 2015
Thursday, January 8, 2015
Wednesday, November 19, 2014
Tuesday, October 21, 2014
Friday, October 17, 2014
($EURUSD) The euro's 5-day moving average has crossed above the 20-day average for the first time since mid-July. A base has formed near $1.26, and on Wednesday, the euro posted an outside up day, which solidified that support. It is most certain that the market is not bullish the euro. However, further position squaring ahead of the FOMC meeting at the end of the month, especially given the risk that QE is continued. Initial resistance is seen in the $1.2850 and then $1.2900. The RSI which had been over-extended is now neutralized. A break back below $1.2700-15 would likely be seen as a sign that a top is in place.
Posted by TecknicalTrader at 9:03 AM
Friday, October 3, 2014
($SPX, $SPY) According to the weekly survey from the AAII, bullish sentiment declined from 41.84% down to 35.42% this week. This represents the fifth weekly decline in the last six weeks, and it is also the first time since early August that bullish sentiment has dropped below its bull market average.
Posted by TecknicalTrader at 12:52 PM