U.S. equities attempted a rally on the announced tax reforms and yet equities could not sustain a breakout and we are seeing resistance hold. The U.S. dollar has held at support and we are watching for a potential bounce to go long the dollar again. Much of the next few days will be determined by […]
Market Profile Value Areas and POC figures for /ESM7 and /NQM7 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 […]
In today’s FX Hour, we discussed the aggressive bullish moves in equities and the selloff of the U.S. dollar after the French primary elections. We spent additional time on multiple pairs and looked at commodities to determine whether there was growth and demand that would support the equity rally and drop in volatility.
As mentioned in today’s ShadowTrader Sector Trend Scores section, the railroad sector flagged an overbought signal with its fifth consecutive higher close. This prompted us to scan the sector for possible short term reversal trades. One stock that sets up nicely for such a play is Canadian Pacific Railway (CP). CP is back to the […]
(Vaneck Gold Miners ETF – Vaneck Junior Gold Miners ETF) We featured the pair a time before, and again Thank You to our follower “dragonfly” for bringing the pair to our attention back on April 13th’s Pair Hour Show! The original approach was to catch the pair short at spread value of negative ($11.90), & […]