In today’s FX Hour, we discussed the forex market and the reverse Fibonacci fan technique. We looked at commodity prices and the correlation between key markets, commodities and the forex market.
Market Profile Value Areas and POC figures for /ESZ6 and /NQZ6 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost […]
(KeyCorp, Inc – Regions Financial) With our pair releasing earnings in Tuesday’s Pre-Market, I would expect the possibility of our pair hitting the short entry of $2.60 spread value or so. We have been patiently waiting for that entry, and if we are going to get there any time soon, it will likely happen at/near […]
The daily chart of The Gap, Inc. (GPS) looks similar to that of Helmerich & Payne, Inc. (HP) which was this past weekend’s ShadowTrader Free Trade Idea of the Week. HP started to trade lower yesterday. GPS is poised to start flushing longs very soon, if not today. Please observe the chart below. There is […]
Oil, equities, and the dollar all edged down for the day. Gold edged up slightly while it bonds were the big winner for the day. We are seeing a shift in inflation anticipation, driving yields down and the gold hedge higher. We still expect the dollar to beat out other currencies and we will watch […]