pthomas215
1,251 posts
msg #132637
- Ignore pthomas215 |
11/20/2016 10:26:21 AM
I think you are right. However my conventional thought is this. I think we are going to see a pullback for the next couple weeks, which is where SQQQ would escalate pretty good. Nasdaq has been at all time highs recently. Then around December 15th or so I expect to see a Santa Clause rally. If your retirement account is in equities, it might be a good time to push it over to bonds for a few weeks.
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pthomas215
1,251 posts
msg #132641
- Ignore pthomas215 |
11/20/2016 5:37:47 PM
The U.S. Dollar Index (NYSEARCA:UUP) is breaking out in a big way, and hedge funds have piled back into long exposure.
Stocks
I was expecting to see hedge funds massively adding to their longs in equity futures this past week. Surprisingly enough, they actually closed out of some longs and added to new short exposure in the Nasdaq (NASDAQ:QQQ).
Everybody's still bearish on the Nikkei (NYSEARCA:EWJ).
Hedge funds exited some of their shorts in VIX (NYSEARCA:VXX) futures.
It should be noted that hedge funds are pretty bullish on S&P (NYSEARCA:SPY) futures. This level of positioning has previously marked short-term tops.
Conclusion
Three things:
Bears are back in WTI crude futures
Copper is an extremely crowded trade on the long side
Sentiment is a mixed bag in equity futures. Hedge funds got more bearish on the Nasdaq, but are still quite long the S&P 500
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pthomas215
1,251 posts
msg #132642
- Ignore pthomas215 |
11/20/2016 5:38:32 PM
JP, the above is from an investment article I get...
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johnpaulca
12,036 posts
msg #132644
- Ignore johnpaulca |
11/20/2016 8:56:57 PM
Thanks PT.
My target for the Dolla is about $101.8(secondary resis). Monthly is measuring just under $112, so expect a little relief for commodities.
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johnpaulca
12,036 posts
msg #132649
- Ignore johnpaulca |
11/21/2016 9:14:40 AM
johnpaulca
10,257 posts
msg #132644 11/20/2016 8:56:57 PM
Thanks PT.
My target for the Dolla is about $101.8(secondary resis). Monthly is measuring just under $112, so expect a little relief for commodities.
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now we have the commodities bounce overnight, gold , oil etc. /DX support will be around $100.4, deeper retracement will be $96.03(unlikely).
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johnpaulca
12,036 posts
msg #132650
- Ignore johnpaulca |
11/21/2016 9:20:24 AM
johnpaulca
10,258 posts
msg #132618 11/18/2016 2:58:05 PM
/GC(gold futures)....at 1206 monthly support...look for some bounces as buyers take up positions
USD/CAD($1.3507)....resis at $1.3674
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/GC hit 1217.8 then run into resis(lower BB40 3-hr chart).
/CL now becoming overbought before market open...figures. I'm still holding UWTI long
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johnpaulca
12,036 posts
msg #132651
- Ignore johnpaulca |
11/21/2016 9:21:22 AM
/CL...$47.68 area should see resis
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johnpaulca
12,036 posts
msg #132654
- Ignore johnpaulca |
11/21/2016 9:53:27 AM
johnpaulca
10,261 posts
msg #132612 11/18/2016 11:31:29 AM
SPH...this breakout target is measuring $30.44
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just hit price target....$30.44
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johnpaulca
12,036 posts
msg #132660
- Ignore johnpaulca |
11/21/2016 10:40:01 AM
johnpaulca
10,264 posts
msg #132651 11/21/2016 9:21:22 AM
/CL...$47.68 area should see resis
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breaking resis....that means UWTI will break $21.35(resis)
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johnpaulca
12,036 posts
msg #132662
- Ignore johnpaulca |
11/21/2016 12:48:37 PM
SPY...hitting resis at 2200 (resis)
out UWTI at $22.06
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