All Entries Tagged With: "correction trading ideas"
HP begins correction
This is a quick post, following up on the 19 Nov post where we were looking for resistance at $36 for Hewlett-Packard Company (NYSE:HPQ). The stock has embarked on a correction from precisely that level, and it looks like we could get to test below $32 in the coming sessions. Keep a stop on any shorts at break even and ride with the position. Good luck!
What is the outlook for SNP500
What is the outlook for S&P500 once we get the US Presidential Election results? This is the question that most traders of US stocks and options have in their mind. Let me start with the assertion that we are still in a bear trend in the big picture. Bear market rallies are common, and often [...]
AUD in a complex correction
Traders often lose money when trying to squeeze additional profits during a complex correction. Wave theory is quite clear. Corrections tend to alternate between simple and complex patterns. Also, the market tends to correct a prior impulse wave both in time and price
Gold likely to regain some sheen
Well, well. The decline in Gold from $931 down to $771 was quite a surprise to many traders, but you were forewarned of the impending sell-off. However, we are now faced with a situation. The speed of the decline is making me a bit nervous about staying short. Remember the time when it gapped down from around $876?
EURO recovery is only temporary
We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing precisely this, undergoing a complex correction, from the low posted at 1.3440. You see, a [...]